Market Comparison approach to value
Use a comparative market analysis (CMA) approach for setting the value of a subject property based on information collected on comps.
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Category: Feature Articles
Placing Signs Off-Site
Placing real estate signs on private or public property without permission is a misdemeanor public nuisance in California, making the broker liable for local government enforcement and penalties under the Penal Code. Knowledge of the rules is your reputation – and money – saved.
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The builder self-remedy for housing development
Developers are using the builder’s remedy as a workaround for restrictive local zoning ordinances.
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Reasonable Restrictions on the Placement of “For Sale” Signs
While California law and the First Amendment generally protect a property owner’s right to display “For Sale” signs, these rights are subject to reasonable government and HOA regulations regarding safety, dimensions and placement in common areas.
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Climate risk: the open secret MLS users won’t talk about
Climate risk information hurt sales — so the MLS lobbied to take them down.
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Negative equity and foreclosure
When does strategic default make sense for a negative equity homeowner?
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Real Estate Sign Placement – It Matters
The first episode of our new series dramatizes how to properly display a “For Sale” sign on a property on behalf of the seller to advertise the property for sale, and understand when permission is needed to advertise a property with a “For Sale” sign in a common interest development (CID).
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Market condition analysis in a broker price opinion
Agents preparing a BPO ignore price trends at their peril.
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A house without character: The paradox of California’s geography
California has the largest disparity in price between new and resale homes, presenting a unique opportunity for buyer brokers able to access a builder’s inventory for their buyer-clients.
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Down payment download: Now this is ownership
Competent brokers and agents educate buyer-clients on the acquisition process into down payment consequences, transaction costs and ownership expenditures.
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Resolving a Seller’s Dual Liability when Changing Brokers
The final episode of our new series dramatizes the representation dilemma created for the seller when the retainer period under a new representation agreement overlaps a safety clause period in an expired representation agreement with a prior broker.
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Letter to the Editor: Why does firsttuesday report availability and ASAP delivery of the TDS by a seller broker?
Delivery of property disclosures to buyers is legislated to occur “as soon as practicable” (ASAP) on inquiry from a prospective buyer, well before a purchase agreement setting a price is entered into.
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Due-on clause exceptions and waivers
This article covers exceptions and waivers to the enforceability of the due-on clause present in all trust deeds and enforced on sales only during a cycle of rising long-term fixed rate mortgage rates.
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A closer look at the due-on clause
This article covers an owner’s use of property rights which allows a mortgage holder to capitalize on the due-on clause to extract further profit by calling the mortgage due and payable, or waiving the call to modify the interest rate and payment schedule at current market rates.
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The Federal Reserve’s impact on mortgage rates
Learn how the Fed is using their benchmark rate as a monetary policy tool
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Price Paid is Different from the Seller’s Asking Price
The fourth episode of our new series answers the critical question of what happens when a registered buyer purchases property during the safety period for less than the asking price sought under the expired representation.
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Measuring turnover: what motivates a move?
Annual turnover rates reflect homeowners and renters relocating and indicate the trend in fees generated from sales and leasing transactions.
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Avoid preferential price fixing with seller broker
This article presents the appropriate reaction to a seller broker’s attempt to simultaneously fee-fix and unlawfully induce a buyer broker to violate California’s buyer representation agreement law.
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(Re)introducing the due-on clause
This multimedia article explains when due-on clauses become used in the economic cycle and under which sale and leasing arrangements.
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FARM: Buy versus rent comparison analysis
Use first tuesday’s Buy Versus Rent Comparison Analysis to show first-time buyers how ownership creates savings and equity buildup that renting does not.
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