Escrow Issues

Five Strategies To Help With Finances After You Close Escrow

San Diego home tips

The last of the paperwork has been filed away keys the are finally in hand. Congratulations on joining the ranks of home buyers who’ve taken advantage of today’s opportunistic real estate market. But closing on your new San Diego home is just the first step toward reaching your long-term financial goals. As a member of the Top 5 in Real Estate Network®, I advise my clients on financial matters and so they can best protect their new investment. Here are five smart financial tips for after the close of escrow: 1. Don’t splurge.  It is tempting to decorate each room Continue Reading →

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Three Questions To Ask when Buying A Condo

questions when buying a condo

questions when buying a condoBuying a condo comes with a few unique points of due diligence that you must perform. If you do not know the right questions to ask you may be in for an unpleasant surprise during the course of your transaction or later down the road should you need to sell it. Hopefully you are working with a real estate agent that advices you to do the following:

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Understanding Liquidated Damages

liquidated damages

The liquidated damages clause is a key home buyer protection.  The funny things about it is that sometimes buyers are hesitant to initial the liquidated damages clause, which is optional.  It is paragraph 25 of the California Residential Purchase Agreement. As a buyer, at first glance the liquidated damages clause may seem like you are agreeing to lose your deposit in the case that you should default.  However, that is not the case, nor the focus of this clause.  The buyer has actually already agreed to lose their deposit if the buyer does not complete the transaction once contingencies are Continue Reading →

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Real Estate Contract Norms

real estate norms

I am yet to see a single real estate deal that is identical to another.  It is amazing how many little things change from deal to deal.  Nevertheless, there are certain real estate norms that all parties should be aware of.  They are not all followed on every deal but it is good to be aware of them as a starting point for negotiations.  Also, please be aware that these real estate norms apply to California only.  Real estate transactions are very different across the country.  Some of this may apply to your location and some of it may not. Continue Reading →

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Notice To Peform – The Facts

notice to perform

Notice to perform is one of the most often misunderstood clauses of a real estate purchase contract. Both buyers and sellers routinely ask me how the notice to perform works. When used properly, it affords protections to the buyer for unanticipated issues during the course of escrow that can pop up. It is important to know how notice to perform works. It is explained here…

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Real Estate Contingencies – Your Escrow Safety Net

financial saftey net

When you are buying residential real estate it is very important to understand how contingencies work. Contingencies are a buyer’s protection against losing your earnest money deposit that is usually required to open escrow. In a typical real estate transaction, buyers are given 17 days to remove their contingencies, though the amount of time allotted for contingencies is fully negotiable and can be any amount of time that the buyer and seller agree to….

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How To Best Structure a Short Sale or REO Offer

One of the growing frustrations among new clients that I meet is that they want to purchase a short sale or REO but the banks seem to favor other people’s offers. Unfortunately, nine times out of ten I find that these short sale buyers are receiving misguided, or sometimes unguided, advice from their real estate agent. In this post I will share the advice I give my San Diego short sale and REO buyers on how to structure a their offer.

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6 Reasons Real Estate Transactions Fail, and How To Avoid Them

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There is a reason that real estate agents don’t count our commissions until we actually get the check and that’s because sometimes real estate deals fall apart when you least could expect it. Granted the advice and guidance of an experienced agent can help you avoid most jams and keep deals together, but that plays right into one of the top 6 reasons why real estate deals fall apart (clients don’t always listen).

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