by Amy Cimetta | Feb 11, 2013 | Building Codes, Buyers, Permits, Real Estate Advice, Selling
No, you will not necessarily be responsible for deficiencies in codes or permits. You should disclose everything you know about the problems or lack of permits. If you don’t tell the buyer, then you could be liable for fraud. If you do disclose, then it will be...
by Amy Cimetta | Jun 11, 2012 | Buyers, Financing, Negotiations, Selling
When buying a home, the buyer normallly chooses their own lender. When you buy a home, you should shop lenders and compare their rates. You will decide which lender to go with. If the buyer is purchasing a REO (a property owned by the bank), the bank can not dictate...
by Amy Cimetta | Dec 29, 2011 | Buyers, Financing, Real Estate Advice, Selling
All Inclusive Trust Deeds were big in the 80s and 90s. They are starting to see a resurgence today. Bbut there are some major downsides to AITDs that you should be aware of. Here’s a little background on it. In the 80s interest rates reached incredible highs up...
by Amy Cimetta | Mar 4, 2011 | Buyers, Real Estate Market Update, Redondo Beach, Selling
There has been a recent increase in prices for 4 bedrooms in North Redondo. Two-on-a-lot town homes built within the last 6 years have returned to prices in the mid to low $800,000s. However, 3 bedrooms in the same market have continued to languish in the mid...
by Amy Cimetta | Feb 15, 2011 | Appraisal, Buyers, Purchase Transaction, Real Estate Advice, Selling
Well, the unbelievable happened. A lender had an appraisal done a few weeks ago on a property that my client was buying, and the appraisal came in higher than the sales price. It does happen! If you have an appraiser who is familiar with the area, you have a much...
by Amy Cimetta | Jan 18, 2011 | Buyers, New Construction, Selling
I have spoken to a handful of general contractors in the South Bay since the beginning of the year, and it seems like business is picking up. They all have jobs lined up over the next several weeks for major remodels. Some clients have gutted recently purchased...