The Perfect Storm!
There has never been a better time to buy a house. There will never be a better time to buy a house. That is, unless you can wait another 40 years. Rarely do we have this confluence of events. Interest rates below 5%. Prices 20 to 50% below what they were 2 years before. A tax credit of $8,000 for first time buyers. If you have even an inkling of optimism, it's a phenomenal time to buy your first house ... or sell your house and move up, or buy investment property. When you buy now, you build equity automatically because you're buying at the low. We're bumping along the bottom, which may continue for the rest of the year. After which, most economists expect home prices in this area to slowly return to more normal levels. At the same time, interest rates will return to their normal levels, or possibly higher. So if there is a right time, it's right now. If you'd like to get started on taking advantage of this perfect storm, just give me a call in my office: 510-273-9318!
 
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Real Estate Contracts >Sales Contracts
The purchase or sale of a home is one of the most complicated business transactions most people will be involved in during their lifetime. Whether the print is large or small, there is a lot of it! The purchase agreement covers not only the price of the property, but has many paragraphs governing the terms under which it will be conveyed to the new owners.
When you list your home for sale or when you begin your search for a new home, ask your real estate agent for a copy of the standard sales agreement. Familiarize yourself with the document ahead of time, and make certain you understand the responsibilities of both parties between the initial meeting of the minds and the closing date. You should be aware of all of the deadlines in the purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.
You greatly increase the chances of a smooth transaction by being fully informed about the sales contract.
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| Q |
What are the three most common environmental toxins for which homes are tested?
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Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts. |
 See More Real Estate Trivia > |
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"The Perfect Storm! There has never been a
better time to buy a house. There will never..."
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I made my first
move to the East Bay about 9 years ago straight from a great neighborhood in
San Francisco. My friends thought I was crazy to leave San Francisco. But there
was something alluring about the grass and trees and flowers of the East
Bay.
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