Some homeowners in California may benefit from going through a short sale. Short sales occur when owners sell their homes for less than what they owe on their mortgages. These tend to occur during economic downturns such as the Great Recession. When a buyer makes an...
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Real Estate Transactions
Knowing when a mortgage can be transferred
When a home is sold in California or anywhere else in the United States, a buyer must usually get a new mortgage to pay for it. The seller will use the proceeds from the sale to pay off the mortgage he or she currently holds on the property. However, there are...
What to know about California short sales
Homeowners in California who are struggling to pay their mortgage could avoid being foreclosed on. For those who qualify, a short sale allows a home to be sold for less than what is owed on a home loan. Short sales are usually only an option for those who have shown...
Avoiding foreclosure with a short sale in California
When homeowners in California run into financial difficulties and owe far more on mortgages than their properties are worth, their lenders may sometimes agree to accept what are known as short sales. Short sales prevent lenders from taking even larger losses and allow...
Understanding whether a desirable market is a good one
Some Californians may be interested in purchasing a home in Santa Monica. The demand there is very high and the average prices reflect that, with homes going for a median price of $1.6 million. Whether people are wanting to purchase a home in Santa Monica or to sell...
The importance of having a good real estate agent
When people are thinking about buying or selling their California homes, choosing the right real estate agent is imperative. Like other professionals, not all real estate agents are the same, and some bring significantly more benefit and talent to the table.A good...
Latest real estate forecast released by ULI
Real estate investors in California may be interested in the Urban Land Institute's latest forecast for the period between 2016 and 2018. The biannual 'ULI Real Estate Consensus Forecast" was released on April 6, but a synopsis of the report was available earlier....
How to improve the home sale process
Selling a home can be a difficult and drawn-out process, as many California homeowners probably already know. For those going through the process for the first time, however, some tips may come in handy and help the sale go more smoothly. When it comes to selecting a...
Real estate agents say 2016 is a good time to sell
Homeowners in California and around the country are often reluctant to place their properties on the market because they fear that they will be unable to find a suitable replacement home. This is one of the findings of an annual survey of real estate agents conducted...
California residents should avoid these real estate mistakes
Many people believe that they can make it rich with real estate, and it is possible, but it may be harder than expected. If a person has decided to make money buying and selling this type of property, it's important to avoid making several mistakes. Some common errors...