May 9th, 2024 at 10:25 am
In recent years, the real estate industry has witnessed a remarkable transformation driven by technological advancements. From virtual tours to predictive analytics, technology has reshaped the way properties are bought, sold, and managed.
(more…)October 12th, 2023 at 11:00 am
You’re searching for a new house and are ready to enjoy all the benefits of owning a home, and you’ve partnered with a REALTOR® to help you find the perfect property, navigate the offers and negotiations processes, and communicate with home sellers in your area. If you’re curious about what kind of home to buy, read up on buying a fixer-upper vs a move-in ready home and what are tract houses to make sure you know your own real estate goals when entering the market.
When you’re determining your budget or preparing to make an offer, your REALTOR® will likely suggest building a CMA, or a Comparative Market Analysis (sometimes referred to as a comparable market analysis). But what is a CMA in real estate, and how can it help you as a buyer?
In essence, a CMA is a tool you can use to see how a property’s value measures up compared to others. Understanding a CMA is the first step to becoming a more savvy buyer, and this helpful tool will allow you to assess your local market options, determine a homes value, and deliver airtight, fair offers.
(more…)October 6th, 2023 at 11:00 am
Moving from one home to another sounds simple in theory. Sell your home, then use the funds from the sale to purchase your new home. However, timing isn’t always on your side in this type of transaction.
What if you find the perfect home but haven’t sold your current home yet? How will you get the money you need? This is the exact scenario where a bridge loan might come in handy.
In the simplest terms, a bridge loan is a short-term home loan used to bridge the time between purchasing your new home and selling your old home. In practice, things get a little more complicated.
This guide will go over different types of bridge loans and talk about some of the pros and cons of this financial tool.
(more…)July 7th, 2023 at 1:00 pm
Do you know your home’s square footage? Is it a number you’ve assumed is correct since you bought the place? Has the total square footage been verified by an appraiser, architect, or qualified professional?
It’s important to know how to determine the square footage of a house because incorrect overall square footage figures for a property or individual rooms can impact its sales or purchase price, property tax, and potential renovations.
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June 9th, 2023 at 11:00 am
Was the last Southern Colonial-style home you saw in “Gone With the Wind”? Not surprising, since the iconic, boxy, colonnaded genre of architecture is far outnumbered in Southern California by tract, Mid-Century Modern, bungalow, Spanish Colonial, and even Victorian homes. (Perhaps ironic, too, since the Colonial-style mansion of Tara was built and filmed on a Hollywood studio lot.)
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