How long does the 1031 exchange process take?
Friday, 14 June 2019
Question: “I’m thinking about doing a 1031 exchange, how long does the whole process take?” Answer: It’s MUCH faster than you might think. In fact, it only takes a couple of days to set up. So it shouldn’t delay your transaction. That being said, never wait until the last minute to set up your exchange.
- Published in Q&A - Home Investing Questions
Do real estate networks sell homes?
Friday, 14 June 2019
Question: “Are you a member of a big network? We went to a seminar at a retirement community and an agent spoke and said a reason to use them is that they’re with a big firm that has a network that will sell our house.” Answer: Yes, I’m a member of several large networks, including
- Published in Q&A - Home Selling Questions
Can I still sell my San Diego duplex even if my rents are way below market value?
Friday, 07 June 2019
Question: “We own a duplex and are considering selling it. Our rents are way below market because we’re just not very good landlords and our tenants have been there forever. Will that be a problem?” Answer: You’ll still be able to sell your duplex. But because a large percentage of potential buyers are investors, and
- Published in Q&A - Home Financing Questions
What is the proper etiquette for gift giving during a home sale?
Friday, 07 June 2019
Question: “We really love the young couple who are buying our home and want to leave them a gift. What’s the normal etiquette for this? Do you think it’s a good idea?” Answer: First of all, how nice you are to be so thoughtful. This is relatively uncommon, so there’s no accepted etiquette. You can
- Published in Q&A - Home Selling Questions
Is a single family house a good investment?
Friday, 31 May 2019
Question: “What do you think of buying a single family house as an investment?” Answer: Funny you should ask. I’ve never been a fan of buying houses in San Diego as a buy-and-hold investment. But I just closed on my very first one ever, earlier this month. So I guess my views have changed. For
- Published in Q&A - Home Financing Questions
How do I choose the right real estate agent to sell my home?
Friday, 31 May 2019
Question: “I interviewed agents to sell my home and chose an energetic young guy who was very successful. The only problem, I found out later, was that his success was a mirage. He had sold very few homes and didn’t know what he was doing. What should I have done?” Answer: “All that glitters isn’t
- Published in Q&A - Home Selling Questions
Can a home seller legally require me to qualify with their lender?
Friday, 24 May 2019
Question: “I just made an offer on a home. I’ve been qualified by a mortgage broker I know, but the seller wants me to qualify with a lender they know. Is this even legal? I’m a private person and don’t want to share my personal information.” Answer: Yes, it is legal. What may or may
- Published in Q&A - Home Financing Questions