San Jose Real Estate Market Update May 2017

San Jose Real Estate Market Update Median Price 05112017

San Jose Real Estate Market Update May 2017   In the San Jose real estate market, conditions continue to favor sellers, even as fewer houses become available compared to this time last year. The 594 new listings in April 2017 represents a decrease over April 2016 with 738 listings. The Multiple Listing Service reports that…

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Real estate agent’s highest duty is to counsel and explain

Real estate agent’s highest duty is to counsel and explain ire a knowledgeable, honest, and aggressive real estate agent, is basic advice for sellers and buyers. But then the questions start popping up, such as “What duty does my agent owe me as either a seller or buyer?” or “Where can I go to find out…

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Staging a home is fine

‘Staging’ a home for sale is fine, but it shouldn’t be equated with hiding defects HEN “staging” a home for resale, is it “dressed for sale” or is it merely dressed to conceal defects? If it is dressed to conceal defects, it is “dressed for a lawsuit.” Sue McAllister’s recent article in this section, “Dressed…

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Dual agency situation needn’t mean twice as many problems

Dual agency situation needn’t mean twice as many problems NOTHER merger between real estate companies has been announced. What does this rash of mergers mean to buyers and sellers? One of the results is that with more mergers occurring, and fewer different real estate offices in operation, buyers and sellers will increasingly face situations where…

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As is doesn’t mean I don’t have to disclose problems in property

The Interplay between “as is,” repairs and disclosure is often confused. This is especially true when the market is again going crazy as it is in Northern California. ‘As is’ doesn’t mean “I don’t have to disclose problems’ in property reader recently wrote to me about the issue of selling a home “as is.” “What…

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Failure to disclose woes can be costly to sellers, and agents.

Failure to disclose woes can be costly to sellers, and agents.   recent case in our office illustrates the difference between the seller not disclosing, a seller’s agent not disclosing, and a buyer’s agent not following through on his or her duty to counsel and advise. The property had an illegal garage: It had been…

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Lawyers Should Know Limits Of Expertise

Lawyers should know limits of expertise   have often said that real estate agents should not give legal advice. In the past year or so, I have seen more and more instances where the opposite has arisen that is, lawyers acting as real estate agents. Some attorneys, well meaning as they may be, have advised…

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A good agent offers more than just fast talk

Agents turn information into knowledge to guide buyers and sellers through the process   apid change in information services and Internet technology is having a major impact on real estate transactions, and the effect will be even more pronounced use it. In the past, agents maintained almost total control over the market because the key…

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Realty Agent’s Duty Is To Spot Red Flags

People often ask me why they need full-service real estate agents when so many agents are advertising substantial discounts. Another frequently asked question: “Why can’t we hire someone from a website?” For most buyers, a home is the most important and expensive purchase of their life. They intend to live in the home for many…

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The “as is” clause can be an invitation to real trouble

The “as is” clause can be an invitation to real trouble   “LET the buyer beware” was first used in 1523. By 1640, the term came into usage, “the Buyer has need of 100 eyes; the seller, not one.” Now, 360 years later, the California Association of Realtors purchase contract contains the clause “Except as…

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