realestatetidbits

Corona Virus and the real estate market!

As of right now, the Los Angeles market is trying to make sense of the corona virus and how it is affecting the market. The stock market crash has panicked a few buyers. Not sure if more buyers will follow suit.  Even though there are a lot of unknowns with how long we will all be affected by this corona virus, I fully believe that we will get it under containment not too far in the future and the...

California Becomes First State To Require Solar Panels On New Homes

California Urges Solar Panels — With a Battery Option Solar panels will be a required feature on virtually every new home built in California. Under policy advanced Wednesday by California regulators, again putting the state at the forefront of government controls over climate-warming carbon emissions. The California Energy Commission voted unanimously, 5-0. They recommend energy efficiency...

What should I do first if I want to buy a house?

The first and most important thing you do before you go out to buy a house, is talk to a mortgage lender. If you go on a buyers calculator it will give you basic information if you can buy a house, but, the calculator doesn't know how long you have had your job. Are you getting alimony? Are you carrying a lot of debt? Did someone steal your information and open any accounts? It happened to me. You need...

Economic Update

Stocks finished the week sharply higher after four straight weeks of loses - Stocks markets climbed this week as both the US and China seemed to be backing down on further trade tariffs which have escalated into a trade war. Investors hope that both sides will back down and claim victory ending tensions which have harmed the economies in both countries. The Commerce Department announced this week that...

Ibuyers Cost More Than You Think!

Real estate data analyst Collateral Analytics has released the result of new research that shows that iBuyers are often more expensive than what one would think. The study demonstrates that it typically costs between 13% and 15% to use an iBuyer. The findings of the study are in direct conflict with the claims made by various iBuyers on what exactly it would cost homeowners to use such services. One...

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