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Buying a Home ·

Something New for Home Buyers – Part 2

Last week, we talked about big changes that have happened for buyers in the real estate market and how they are going to need to sign the buyer’s representation agreement upfront. It makes me wonder if buyers are going to be hesitant to sign it so early and assume that they can just deal with…

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Buying a Home ·

Something New for Home Buyers (That Might Be a Little Uncomfortable)

In today’s video, we’re looking at a significant change in the real estate world. This change is just a few weeks old now regarding the real estate commission structure changes. I bring this up because it affects all the buyers because you are going to need this new form. This conversation is the result of…

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Buying a Home ·

Independence Day and the History of Home Ownership

We are celebrating Independence Day, the 4th of July, this week. For some reason, this got me thinking about something: when were US citizens actually allowed to own land and property in the United States after gaining independence from Great Britain? 1776 marked Independence Day. Then, the first real act that was passed regarding private…

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Buying a Home ·

Buy Now, Pay Later – What Could Go Wrong?

Apparently, there is a big retail trend known as “Buy Now, Pay Later.” It works by you going to a store and making a down payment. Then, you get to take what you are buying, and they set you up on a payment plan. These programs don’t show up on your credit, which seems great.…

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Buying a Home ·

How Will We Ever Afford This House?

Today, I want to talk about this house, which you can see on the screen. It’s so relevant to what is happening today in the housing marketing. This house is the one that we bought together in 1998. Vicki was 2-weeks away from giving birth to our second baby. I still remember that she found…

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Buying a Home ·

When is it the Most Risky to Purchase Real Estate?

In today’s video, we are building on last week’s topic, which was about the 2 biggest questions I hear: 1) what is going to happen with rates, and 2) when is the right time to buy? It led me to think: what’s the riskiest time to buy? How Long Will You Own the Home? In…

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Buying a Home ·

It’s Not a Down Payment – It’s a Gift

Today, we are talking about a program that we just rolled out yesterday: a down payment assistance program. Many people are familiar with these, but this one is worth mentioning because it is so unique. How This Down Payment Assistance Differs from Other Programs There are a few things that are in common with down…

Buying a Home ·

Biden Proposes a Tax Credit for First-Time Home Buyers

Today’s topic came up recently at the State of the Union address. One of the things that was proposed (relating to real estate) is a $10,000 credit, paid in increments over two years. Why a Home Buyer Tax Credit is a Bad Idea I wanted to chime in: on the surface, it seems like a…

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Buying a Home ·

Just Like the Rolling Stones Said…Time is On Your Side

Take a look at this graphic that we were given from NBS Highway. It outlines data starting in the 40’s, showing appreciation based on every 10-year period through 2014. It’s interesting to see on the chart how in every 10-year period there has been an increase in value… with 1 exception. We are looking at…

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Buying a Home ·

Real Estate Firm Settles Commission Lawsuit… What Now?

I need to talk about the latest headlines: there is so much conversation around the Keller Williams lawsuit settlement. They agreed to settle for $70 million. The general idea stems back to the $1+ billion judgement that was placed on anti-trust violations or commission price-fixing. The long story short is that some brokerages were apparently…

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Buying a Home ·

CA Dream for All is Back!

I’m sure many of you have already heard: the California Dream for All (a shared appreciation program) is back. It’s a downpayment assistance program for properties in California only. Last year, the state of California offered $200 million, and now there is another $20 million that is coming out soon. Here’s What We Know Right…

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Buying a Home ·

Do You Have Your Trust in Place?

This week, my message is a public service announcement. You can see on the screen behind me in the video that I have my friend’s website pulled up – Shoup Legal. Today’s topic of conversation is about having a family trust. Do You Have a Trust to Avoid Probate? If you own property and you…