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What is arbitration? Arbitration is a way to settle disputes between parties, usually between a buyer and a seller. This is one way, among several, to resolve disputes. In the context of a home purchase between buyers and sellers, the outcome of the arbitration process is binding. That means whatever the outcome is, it’s final. […]

I get asked this question all the time. Buyers and sellers alike want to be able to figure out what the value of a home should be. I have a separate post as to how I go about figuring valuation of a home, and you can read that post on Market Valuations here. If you […]

In each real estate transaction, there are buyer’s closing costs, as well as seller’s closing costs. But increasingly, buyers are asking sellers to cover their closing costs. Why should sellers pay for buyer’s closing costs? The main reason is that this is purely an accounting move. With the way we structure purchase agreements, it is […]

2013 was a good year for sellers. Homes sales and prices were higher. Foreclosures and short sale homes were significantly lower. we had more closed sales in 2013, totaling 53,087, or an increase of 8.8%  5 year high home price $192,000 10.5% less homes for sale. With all of these factors, multiple offers are still very […]

Once in a while, you may see a home listed for sale at a ridiculously low price of $1. Yes, a dollar. Almost always, this indicates that the house is being sold under auction terms. Some times a different house may be identified as going under auction, with a higher price. Either way, auctions can […]

In November, we saw much of the same as through the year. Overall closed sales down 5.9% due to far fewer foreclosures and short sales. Inventory is still down, and multiple offers are still common. The median sales price is holding steady at $195,000. Watch the full video for more information: