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 them to avoid paying the costs involved in pursuing foreclosure. However, these complex real estate transactions can be time-consuming and difficult to close.
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 one, it is important for them to understand the market as it currently stands there.
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.
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. Compiled in March by the ULI Center for Capital Markets and Real Estate, the report covered information gathered from 38 different real estate economists.
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.
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 by a leading industry brokerage firm. Agents say that a shortage of new construction and increasingly reluctant sellers have made 2016 an excellent time to put a home on the market but not a very good time to buy one.
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 are failing to understand how hard it is to find a bargain or where to look to find good deals and paying too much for a property.
The sizable returns offered by real estate investments can be extremely alluring to California entrepreneurs who are used to fighting for every customer and every sale in one of the nation's most competitive markets. However, the decisive and sometimes impulsive personality type so common among successful business owners is not really suited to the slower-paced and more pragmatic world of property speculation.
Finding the right house when one is in the market can be challenging. One thing that can be very important when house hunting is having access to the right information. There are a variety of different sources individuals can go to for information during a house hunt. These days, one such source is their mobile device.
When shopping for a home, one important thing for a prospective buyer to be mindful of is whether it is currently a buyer's market or a seller's market in the region they are looking to buy a home in. Real estate market conditions can impact many things during a house hunt. One is what sorts of offer amounts a buyer will have to put forward in order to reach a sales agreement with a seller. Another is how likely a failure by a buyer to meet a deadline in a real estate deal would be to cause the deal to fall apart.