Chips and salsa, pretzels and cheese, and real-estate brokers. What do all these things have in common? Double dipping. Double-dipping is when a broker represents both the buyer and the seller in a transaction in the real estate industry. This act has been practiced for many years and has some advantages and more not-so-pleasant disadvantages.
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California has it all. Endless stretches of beautiful coastline, majestic forests and mountains, some of the most unique deserts you’ll ever see, and tons of eclectic neighborhoods. If you are in the market to purchase a vacation home, there are many areas to choose from that the process can be overwhelming. Even though California has a reputation for being expensive, there are still some areas where you can find a bargain home. Other places have all the glitz and glam you can imagine and the price point to go along with it. Regardless of if you want a home to escape reality or desire to be in the middle of everything, there is something for everyone in California.
If you’re making the choice to sell your home, you are likely deciding between selling on your own or hiring a real estate agent. When selling your own home, more commonly known as For Sale By Owner (FSBO), you will be weighing the decision of saving money versus the anxiety of making a costly mistake. Fortunately, there is a new, commission-free option, that might just be the perfect solution. It is using a remote, full-service agent to professionally represent you with selling your house.
When it comes to selling your home, the dream scenario is to get multiple offers from buyers competing with each other to raise the price. In a hot seller’s market, it is not unusual to receive 10 or more offers for your home. Whether you have just listed your house for sale by owner or are preparing to offer it for sale, you should be prepared to process multiple offers, discern the difference between the offers, and to leverage those offers to get the highest price while navigating the terms of a 19 page purchase contract with over 100 paragraphs of legalese.
Recent reports and statistics showed that many Californians are packing up and moving out of state. Even Elon Musk, founder of Tesla, recently announced that he is moving from California to Texas. While many are speculating that the billionaire has chosen to leave California because of the exorbitant taxes, Musk is claiming is that his move is due to Covid-19 restrictions. But yes, high taxes and high cost of living has been the main drivers why people are leaving the sunny state behind.
iBuyers are real estate companies that buy properties at a discount directly from home sellers and resell them for a profit to home buyers. They advertise catchy phrases like “Instant cash offer” or “get cash for your house today.” While this may sound attractive to someone who really needs to get out from under a mortgage or needs to move to start a new job, it’s a good idea to take a closer look and know what you’re getting into. So, we did some research for you.