Exploring the Legalities of Dual Agency in Colorado
Quick Answer Dual agency is illegal in Colorado, even if the real estate broker discloses the relationship to the buyer and the seller in writing; it is against the law. Commission rule 6.7 states a broker and it’s agent may not enter into this relationship. But there are some situations where one broker and team […]
No Money? Here’s How to Buy a Foreclosed Home
Quick Facts Out of those who manage to secure a zero-down deal on a foreclosed property, roughly 25% finance renovations using low-interest loans or grants available through various housing initiatives Approximately 1 in every 10 foreclosed homes is sold with a down payment of less than 5%. (Source: RealtyTrac) To buy a foreclosed home with […]
Can You Really Sell Your House for $1
Quick Facts: Yes you can, and the most common reason for selling a house for $1 is to transfer the property to a family member. In some states, a homeowner may be able to sell a house for $1 to avoid paying transfer taxes. It can be used as a way to transfer a property […]
Why to Fire your Real Estate agent and how to write the letter
Making the decision to terminate your real estate agent contract can be a difficult one, but sometimes it is necessary for the success of your property transaction. Before we get started, always consult an attorney before you attempt to terminate a contract with a realtor. Download Sample Letter Termination Letter Reasons to Terminate a Relationship […]
How to Evaluate Offerpad’s Pros and Cons
Is the Phoenix Housing Market Going to Crash
Phoenix is no stranger to economic fluctuations and volatility. Investors flocked to Phoenix during the Great Recession, snapping up houses at attractive profit margins. It was one of the best cities in the country to pick up homes at great prices. In the 1st quarter of 2019 the median sales price of a home in Maricopa County […]
How to Clean a Hoarder House Easily and Quickly
Quick Facts Hoarder houses are characterized by rooms filled with an overwhelming amount of clutter, which often includes a wide array of random items that may hold little to no value. Imagine a home cluttered with things, where navigating through the pathways in the home is the journey through mountains of clothes, papers and the […]
Will the Bay Area Housing Market Drop
Are Bay Area home prices going to drop As San Franciscans know all too well, places in the Bay Area are no stranger to housing market volatility. Home prices here are prone to volatility. There are a number of counties in the Bay Area and prices will vary based upon city and neighborhood. But San […]
Will Home Prices Crash in Seattle, Washington
The Seattle real estate market remains strong, but there may be signs of downward pressure on prices due to rising mortgage rates. But just how much will they actually decline? Redfin forecasts home prices to decrease by a few percent points in 2023, but experts do not anticipate it will lead to the collapse of […]
Will the Boise, Idaho Housing Market Crash
Spoiler alert Yes house prices in the areas in and around Ada County are dropping, but this is not a crash. Higher mortgage rates have slowed down real estate transactions. Year to date, the median sales price has decreased 9.7%. Boise is coming off a peak high year in home values. Inventory has increased to […]