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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Suing Over Sale 30 Years Ago

Suing over sale 30 years ago   am always amazed what people will do. A recent case struck me as borderline insane. Our clients were given a piece of property in the Sierra foothills by their folks in 1954. This was done in celebration of our client’s first child. The parents had owned the property…

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Don’t Cut Corners In Choosing Real Estate Agents

Don’t cut corners in choosing agents recent e-mail message I received illustrates a point made by one of my secretaries for years: “When you pay peanuts, you get   monkeys.” The e-mail reads: “I found a buyer for my condominium in San Jose, and I asked an independent agent (he is a loan broker as…

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The ABC’s Of Buying & Selling

The ABC’s of buying, selling Making good deals requires awareness, information, right agent   o you really need the help of a real estate agent when you sell or purchase a home? How do you find a good agent? What does the seller have to disclose about the property to a potential buyer? Does the…

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Why Inventory & Supply Are Driving The Market

Rising mortgage rates will tame the enthusiasm of some home buyers. But the lack of choice when choosing a home will also hinder buying. Inventory levels are already essentially at a 50-year low. Existing home inventory is hovering at a 13-year low. Total housing inventory at the end of December fell 9.3% to 1.86 million…

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