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November 7th, 2022 at 11:00 am

Buying an investment property in Southern California

Real estate investing is a tried-and-true path to secure a stable cash flow and passive income, and the stunning west coast region of Southern California continues to top the list of desirable locations for any real estate investor. 

The Golden State, with its unparalleled natural beauty and temperate climate, is a dream destination for travelers, retirees, families, and young professionals. And a high level of development around prime cities and coastal areas means top revenue from rental income and property sales. 

2021 brought a nationwide boom in residential property values, but the market has leveled out and even turned in favor of buyers in many neighborhoods. For long-term growth, Southern California remains an attractive target for buying an investment property. 

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November 2nd, 2022 at 11:00 am

What is an Escalation Clause in Real Estate?

You finally found it—the dream home you want to make an offer on. Maybe it was love at first open house. Maybe it was a slow-building certainty with every new detail you learned until you knew in your bones this was the home for you.

Buying your next home can feel incredibly exciting. At the same time, it’s a substantial financial investment. You don’t want to overpay for a new home, no matter how much you love it. At the same time, you don’t want to miss out on a house you love when you could have had it with a slightly higher bid. 

The real estate market is a competitive market. Whether buying your first home, your next home, or buying an investment property, closing the deal is the most unpredictable because that’s when the deal could go either way. Luckily, there’s a bidding option to help you achieve that balance. Using an escalation clause, real estate buyers can raise their offer on a home if the seller receives a higher bid from a competitor buyer.

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August 22nd, 2022 at 11:00 am

What to look for when buying a house in 2022

If you’re ready to upgrade houses, move to a new location, or even purchase your first or second home, what’s the best way to approach it this year? While the real estate market settles into a post-pandemic state, every potential home buyer needs to be aware of financial and market trends. 

This is especially true in hot house hunting markets like southern California, where housing is at a premium. Let’s dive into what to look for when buying a house in 2022, and how to prepare for it. 

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August 1st, 2022 at 11:00 am

Differences between under contract vs pending

Buying things is normally a pretty straightforward exchange: a seller puts a price on something, a buyer pays the price, and the seller gives the thing to the buyer. Of course, real estate doesn’t work quite so simply. There’s often more than one potential buyer in the mix, prices get negotiated, and even when a buyer and seller agree to terms, the house may not be sold.

That leads us to the issue of under contract vs pending and what those terms mean in real estate.

Sale pending vs. under contract both refer to periods when a buy and seller have agreed to terms but before the house is officially sold. At a glance, when a home is listed as “pending,” that means the home is in the final stages of a sale. If a home is “under contract,” there are still a few details that the seller and the buyer are waiting to finalize (such as appraisal value), before the sale can continue into the pending sale stage. 

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July 25th, 2022 at 11:00 am

What is a fixed rate mortgage in real estate

Purchasing a new home can be a very exciting time. It can also be very complicated, especially when it comes to figuring out how you’ll pay for this purchase. You’ll probably be looking into financing, which means taking out a mortgage. Which means paying interest on your home loan. Your interest payment could come down to the type of mortgage loan you take out, so you need to choose between a fixed vs. adjustable-rate mortgage.

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