Archive for July, 2007
SD Country Sales Statistics for Jan 2007 through Jun 300 2007
July 23rd, 2007 categories: Market and Forecast Updates For San Diego, San Diego Real Estate, San Diego Real Estate News, Selling San Diego Real Estate
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Agency , What Is It and Why Is it Important To You ?
July 10th, 2007 categories: Buying San Diego Real Estate, San Diego Real Estate Legal, Selling San Diego Real Estate
Agency is in a state of flux at this moment in many parts of the country. Suffice it say, unless you have signed a contract delineating your agency relationship, the agent you are working with may not owe his primary fiduciary responsibility to you. You will be provided very early in our property discussions with an Agency Relationships Disclosure. It will provide a brief discussion about Agency Relationships for each of the ways you may be represented.
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6 Questions To Ask About Pest Inspections Before Selling Your Home
July 9th, 2007 categories: Buying San Diego Real Estate, Selling San Diego Real Estate
Consumers need to know about wood-destroying organisms and the inspection reports issued for real estate transactions.
Why inspect?
Every year, thousands of homes are attacked by termites or other wood-destroying pests. Home purchasers usually want to know if these pests are present before investing their money. Therefore, it is wise to have the property inspected by a representative of a licensed pest control company who can detect the presence of wood-destroying pests and can provide a report on his findings.
Who orders an inspection?
A pest control firm is usually selected by the seller or the Homeowners Association if they are paying for any repairs noted in a Common Interest Subdivision, the Listing Agent, or sometimes even the buyer.
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9 Costly Mistakes a Seller Makes When Selling Their Home
July 9th, 2007 categories: Selling San Diego Real Estate
MISTAKE #1. USING A REAL ESTATE AGENT INSTEAD OF A REALTOR
When you’re looking for help buying or selling property, it’s important to remember that the terms “real estate agent” and “REALTOR” are not synonymous.
I am a REALTOR. As a REALTOR, I provide an extra level of service and to be a REALTOR you must be a member of the National Association of REALTORS (NAR). NAR is non-profit trade organizations that promotes real estate information, education and professional standards.
The National Association of REALTORS also has earned a strong reputation for actively championing private property rights and working to make home ownership affordable and accessible. The NAR members adhere to a strict code of ethics founded on the principle of providing fair and honest service to all consumers.
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FICO Scoring System used in Buyer Loan Qualifying is about to Change
July 2nd, 2007 categories: Buying San Diego Real Estate, San Diego Real Estate
Fair Isaac’s Corp announced that it is making some needed changes in the the way the FICO formulas will be calculated. A glimpse of the new model will be available in Sept 2007. This change will only affect one reporting agency in 2007 and the others will implement it in 2008. Fair Isaacs says the new system is not that much different. The major change in the new system is in the way it looks at those that receive credit points who are authorized users on someone else’s credit card.
People with little credit history or with poor credit will likely see their scores change significantly when they close this loophole. It will illuminate on the scores of millions of authorized users and their scores will be affected, either up or down as the system is implemented.
This change will mostly effect the younger adults that are trying to establish credit by attaching themselves to their parents credit cards. They ride the coat tails of their established parents credit to be able to circumvent the time required to establish for themselves. Married women who use the family credit cards, but have little credit on their own will also be affected.
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