Updated: December 2016 I get calls from the signs and the Internet (sites like Zillow) on my listings from prospective buyers. After giving them a status update, they often want to ask about other properties. Of course, I offer to help them find a different home if they are not interested in the one I have for sale. Many of them respond with, “We only want to work with the listing agents.” I...
The Internal Revenue Service (IRS) recently issued new guidelines and clarified documentation that taxpayers must submit to successfully obtain the federal tax credit for home buyers. KEEP THIS IN MIND • The federal tax credit for home buyers was extended and expanded late last year. Qualified first-time buyers may be eligible to receive a tax credit of up to $8,000 on homes purchased before April 30,...
I just received this update from the California Association of Realtors. This is good news for buyers. "NONREFUNDABLE DEPOSIT DEEMED INVALID An agreement for a "nonrefundable" escrow deposit is invalid and unenforceable, according to the recent California case of Kuish v. Smith (2010 WL 373225). This case serves as a good reminder for REALTORS® that inserting a "nonrefundable deposit" provision into a...
Real Estate from A to Z by Aaron Zapata, REALTOR®, MBA Is this real estate market bi-polar or what? One week I read that housing sales figures are great; home prices are rising; we’ve recovered from the housing crash! The next week I read home prices are falling and unstable! Up and down, up and down, does anyone know what is going on? If you’ve watched the news lately, you’ve noticed that the...
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