Real Laws

What is it with all the real estate agents with glamor shots? Are we selling property here or auditioning for “A Chorus Line”? Familiarize yourself with new laws passed in 2005 by the California Legislature affecting real property transactions:
* Common Interest Developments
* Disclosure Issues
* Electronic Communications
* Labor Issues
* Privacy Issues, eff. 7/1/6
* Property Restrictions
* Tax Issues
* Unfair Competition Laws

This sounds like a fiction but the National Association of REALTORS has a Code of Ethics and Standards of Practice. Just so you know. Loophole: builders’ agents are pretty much exempt from this so they can fuck with you however they want.

10 WAYS TO MAKE YOUR HOME MORE SALEABLE

1. Eliminate clutter. Roomier closets. Clean garage
2. Wash windows and screens. Let the sunshine in.
3. Keep everything extra clean. Wash fingerprints. Mop and wax floors. Clean the stove and fridge.
4. Eliminate smells. Clean carpets and drapes. Eat out. Open windows. Stop cooking.
5. Put higher wattage bulbs in light sockets. Replace burnt out bulbs
6. Finish minor repairs
7. Tidy the yard. Cut grass. Rake leaves. Trim bushes. Edge walks. Bright flowers at entry way.
8. Patch holes in driveway. Reapply sealant.
9. Clean gutters.
10. Polish front doorknob and home numbers.

5 WAYS TO SPEED UP YOUR SALE

1. Price it right. Choose the lower end of your local region’s price point.
2. Get it ready for at least two (2) weeks before you show it.
3. Be flexible about showings. The more often you can show, the sooner you can sell.
4. Be ready for offers. Decide in advance pricing and terms that are acceptable.
5. Do NOT refuse to drop the price. If you have not sold for thirty (30) days, drop the price.

• Set the price based on recent home sales in the local region using a comparative market analysis.
• Two standard contingencies are (i) financing (purchase is conditional to the buyer’s ability to obtain a loan commitment from a lender) (ii) inspection (allow buyers to have professionals inspect the property to their satisfaction. A deposit could be forfeited by the buyers if they back out for a reason not stupulated int he contract. The purchase contract must include the seller’s responsibilities (passing clear title, maintaining the property in present condition until closing and making any agreed uponr epairs to the property)
• Seller must provide the buyer with a Real Estate Transfer Disclosure Statement. Sellers are responsible for disclosing only information within their personal knowledge
• The market picks up as early as FEbruary with the strongest season usually lasting through May and June. With the onset of summer, the market slows and July is the slowest month because of a strong Spring market putting upward pressure on interest rates and school holidays.
• To maximize the list price, add square footage, build a garage, upgrade the kitchen or add a bathroom.
• Luck