How To Buy Or Sell A Home In Today’s Market
Wednesday, 22 April 2020
by Gary Kent
How do you buy or sell a home in today’s market? Let me first say I hope and pray that you, your family, and your loved ones are well, safe, and staying sane in this crazy time. So that being said, the question is, “How are we still able to sell homes in this market?”
- Published in Real Estate Tips
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How to get your deposit back
Friday, 28 February 2020
by Gary Kent
Question: “When is a deposit supposed to be refundable and when is it supposed to be forfeited?” Answer: Great question…long answer! Deposits tend to be fully refundable provided you have not broken the contract and you still have active contingencies. Said another way… Your contract gives you certain contingencies, which are rights to exit the
- Published in Q&A - Home Buying Questions
What is the average deposit when buying a house?
Friday, 28 February 2020
by Gary Kent
Question: “Does a $15,000 deposit on a $1,000,000 home seem low to you?” Answer: No. An average deposit is about 1 to 1.5% of the purchase price. So that deposit sounds right.
- Published in Q&A - Home Buying Questions
Is an attorney necessary when buying a home in California?
Friday, 14 February 2020
by Gary Kent
Question: “Do I need an attorney when I buy a home?” Answer: First of all, I would NEVER tell you not to have an attorney review documents or answer questions for you. And in many other states, attorneys handle the closing instead of escrow companies, like we do here in San Diego. That being said,
- Published in Q&A - Home Buying Questions
Does a large lot always equal a higher property value?
Friday, 14 February 2020
by Gary Kent
Question: “We’re looking at a home on over a quarter acre, most of it is on a hillside and unusable. The agent we’re working with keeps telling us that the huge lot means the property is worth more. Is it?” Answer: If the large lot means you have greater privacy, a view, can add an
- Published in Q&A - Home Buying Questions
Does the home seller or buyer pay for the house to be cleaned?
Friday, 31 January 2020
by Gary Kent
Question: “Who pays for the house to be cleaned, the seller or buyer?” Answer: Great question! Unless you write in the offer that the seller is to have the home professionally cleaned, the seller is only required to remove possessions and debris. In practice, most home sellers leave homes fairly clean, and some have them
- Published in Q&A - Home Buying Questions
Do home buyers and sellers share the closing costs?
Friday, 24 January 2020
by Gary Kent
Question: “I’d like the seller to pay my half of my closing costs. Isn’t it normal to share the costs?” Answer: Yes and no. It depends on what you mean by “share the costs.” When a home sells, the buyer and seller have different costs that they pay. There’s no law that says who pays
- Published in Q&A - Home Buying Questions
Should I avoid buying a home from a flipper?
Friday, 17 January 2020
by Gary Kent
Question: “I don’t want to buy a house from a flipper because they cut corners and do a poor job.” Answer: There are indeed some renovators/flippers who do work as you describe. There are others who are very thorough and do a great job. If you want a nice remodeled house, but won’t buy one
- Published in Q&A - Home Buying Questions
Does the home seller have to provide a termite clearance?
Friday, 10 January 2020
by Gary Kent
Question: “Last time I bought a home, it was normal and expected for the seller to provide a termite clearance. Now I hear that’s changed. Why did that change?” Answer: Great question! We California Realtors used to have a contract addendum specifically to request a pest control / termite clearance. Then a few years ago,
- Published in Q&A - Home Buying Questions
What should we think about before buying a home?
Friday, 03 January 2020
by Gary Kent
Question: “We’ve made a New Year’s resolution to buy a home in 2020. What should we start to think about before we buy?” Answer: I’m excited for you! So excited, I’ll share with you my quick stream-of-consciousness: Are your job and life stable enough to take on this responsibility right now? What monthly payment are
- Published in Q&A - Home Buying Questions