Market conditions

Should I Remove the Appraisal Contingency on a Home Purchase?

Should I Remove the Appraisal Contingency? In the summer of 2020 in Southern California, we are seeing a wave of buyers competing for the limited number of homes on the market. We are seeing offer prices exceed listing prices which is causing problems with appraisals as homes are selling for more than their appraised values. What is an appraisal? An appraisal is an opinion of value from one...

Real Estate Has Changed

It should not come as a surprise to learn that many real estate agents have been negatively affected by COVID-19. On March 19, 2020, in the state of California, real estate agents and the services they provide were deemed "non-essential" and our offices and agents were ordered close and to stay and work from home. No more showing homes. No open houses. No face-to-face meetings. In that 10-day...

C.A.R. Launches Covid Relief Hotline for REALTORS®

The California Association of REALTORS® announced today that they have established a new COVID Relief Hotline for their members. Here's a copy of the email I received this morning. "During a crisis, having up-to-the-minute information and resources available is critical to answer the many questions that will inevitably arise. C.A.R. understands this and wants to be your essential partner in helping...

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