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Santa Rosa Real Estate Blog

Top mistakes for commercial investors to avoid

Investing in California real estate can bring the payoffs you want - if you do it right. Learning about common mistakes to steer clear of when buying property can help you make investments wisely.

One trap investors fall into is believing they do not need an attorney's help to manage these often-complicated transactions. Even experienced and successful businesspeople can overlook or misunderstand important legal issues. Selecting the right real estate attorney can go a long way towards a successful purchase.

Some of the reasons your home might not be selling

Putting your house on the market can be exciting, but it is usually a stressful time as well. The housing market is especially competitive in California, and you will need to be sure your home is in top shape so you can get what you are asking for.

Whether this is the first home you are selling or the 10th, it can help to know the factors that push a property through closing quickly, as well as those that often cause a sale to stall. Contrary to what some might believe, it is not the fear that a home might be haunted or that someone died on the property. The following are some of the top reasons that homes on the market fall through the cracks:

  • The price of your home is too high for the current market. It might be a beautiful property in pristine condition, but housing prices are constantly fluctuating. You need to stay on top of pricing trends in your neighborhood.
  • The property needs repair. This cannot be stressed enough – you should take care of repair issues before putting your house on the market. Leaky pipes, drafty windows and cracks in the foundation are enough to send any buyer running.
  • Potential homeowners want to visualize themselves living in the house they are considering. Put your home in the best light by updating appliances and staging furnishings and accessories to look warm and inviting.
  • There is a health concern. If the home has an odor due to mildew, mold, smoke or pet urine, you will need to have a professional address the issue.
  • There are liens showing on the title or paid-off mortgage. Get in touch with the title company or mortgage company to correct these issues. In fact, it is always a good idea to consult with your home’s title company before listing.

3 key elements your real estate offer should include

When it comes to purchasing real estate in Santa Rosa, many people seem to think they just need to make the best offer price to buy a property. However, the purchasing process is much more complicated than that. Many things must take place before ownership of a property can legally change hands. 

If you are not careful, you could end up entering into a bad faith contract, losing money on a property that is unsellable, dealing with complications that prolong the length of time it takes for you to close the deal or becoming involved in a real estate contract dispute. Here are some key elements that your real estate purchase contract should have. 

What you should know about real estate disclosures

Because buying property in Santa Rosa is one of the biggest investments you will ever make, you should learn about what your responsibilities are as a buyer. Most real estate transactions require sellers to inform buyers about defects and issues that can impact the property’s value and your comfort. 

Keep in mind that it is to the seller’s advantage to portray the home in the best light. The seller may make repairs, paint the walls and perform a variety of tasks to make the home as attractive as possible to potential buyers. Besides improving the property’s appeal, the seller must also provide full disclosure about the property. Some property owners do not abide the law and may try to deceive buyers so they can sell their homes. To keep yourself from falling prey to their tactics, consider the following suggestions.

Get the most out of your attorney-client relationship

During your real estate litigation, it is important that you work with your attorney. In essence, you are in a partnership with a common goal to obtain favorable results in your case. As partners, you must both contribute to reach a favorable outcome.

What are the things that you should contribute to the process? Below are a few key contributions that you can make to aid your attorney in helping you, and to hopefully get the most out of your business relationship.

3 qualities to look for in a real estate attorney

Real estate can be confusing. While some deals may be possible with a realtor or broker, you need an attorney when you are going through a complicated or risky real estate transaction. If you are thinking of hiring a real estate attorney, you need to make sure you hire the right one. Just because someone is a real estate attorney does not necessarily mean you should choose that person to handle your case.

When looking for a lawyer, look for these characteristics to make sure he or she is qualified to help you with your transaction.

3 types of easements you may encounter

An easement can be a complex issue to navigate without the guidance of legal counsel. If you are developing real estate or investing in a property, however, it is essential that you understand its implications. Typically, an easement is a law that entitles its holder to use a property for a specific purpose. The catch is that the easement holder need not be the owner of the property.

This allows the party with an easement to execute nonpossessory actions. The ambiguity of this phrase, though, does not answer what such actions might include. This depends on what kind of easement has been granted. The following three are some of the types you are most likely to encounter.

New construction concerns? Why you should hire an attorney A.S.A.P.

Why wouldn't you? You've bought a new house. It's everything you wanted and the contractor was great to work with. When you had concerns, he listened. When he bought the wrong paint, he immediately replaced it. He even bought you a local wine to celebrate the completion of the house. You couldn't be happier.

Except--except that 6 months after moving in you find the roof is leaking due to an installation problem, and both your roof and your contractor have left you out in the rain. So why wouldn't you just call him, write him, stop by his office? After all, during construction he was there faster you could pour a glass of Shiraz. Why wouldn't he still be concerned with getting it right?