Second Geological Survey? My home was in escrow but the buyer (or buyer's agent) requested a second geological survey and wanted us to pay $1,200 for it. We said no.
15 years ago, the living room wasn't level so we had a geological survey done and had the foundation raised and leveled off by a professional company.
My question is what will a ...
1 Comment - 23 months ago by TodayWeBuy
I talked with an agent about your question. The agent said a lot could change to the foundation and the buyer's agent was doing his due diligence to provide the buyer a peace of mind.
That said ... As the seller, I too would not have paid $1,200 at your cost to check if there were any foundation problems with your home. Chances are pretty slim there will be any new issues found to begin with. But if there are foundation problems uncovered, the buyer would most likely walk away from purchasing your home and you would then need to disclose the foundation problems to the next buyer.
This is similar to the asbestos ceiling issue found in older homes. Everyone may suspect that the ceilings are asbestos and as such, is a hazard to anyone living there. But it's only if the ceiling is tested and confirmed to be asbestos is the seller required to disclose their ceilings are actually asbestos.
Good luck in finding a new buyer!
TodayWeBuy · 23M OpenHouseOn.com LLC, Camarillo, CA · Lic# 12345678
Save money. Bring a marble to your next Open House. When visiting an open house, place a marble on the laminate or hardwood floor to see if the marble rolls downhill. This may indicate a foundation problem which usually is very expensive to fix and can cause doors and cabinets not to close.
Working4Home Idea #1: AT&T Smart Call Blocker Are you tired getting robo calls while WORKING from home?
Having worked at home for the last 15 years, Working4Home highly recommends the AT&T Smart Call Blocker phones. These phones are the bomb and worth every dollar!
When you are robo called, these phones answer the call and ask the caller to state their name and hit the # ...
AT&T Smart Call Block Phones
2 Comments - 15 months ago by Professional John Dee
In case you're wondering, we don't make any money if you buy these phones. We're just making you aware of this product and why we like them. TodayWeBuy · 15M OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Thanks for the info. I dislike ROBO CALLS!
John Dee · 15M Based in Camarillo, CA
It's Getting Harder to Qualify for a Mortgage COVID-19 has reduced the number of homes for sale. While interest rates are the lowest in 50 years, trying to get a mortgage is getting harder.
Lenders are increasing the FICO scores required and the down payment amount expected to get a loan.
As found in the mba.org link below:
"Mortgage credit supply dropped again in ...
Mortgage Credit Availability Index
Last Liked - 14 months ago by TodayWeBuy
Mortgage Rates Hit Another All-Time Low Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery. These low rates have ignited robust purchase demand activity, which is up twenty-five percent from a year ago and has been growing at double digit rates for four consecutive months. However, heading into the fall it will be difficult to sustain the ...
Freddie Mac Rates
Last Liked - 13 months ago by TodayWeBuy
California Prop. 15, 19, and 21 Deal With Real Estate Prop. 15 - Commercial Property Tax
Proposition 15 would assess property tax at market value rates for commercial and industrial properties phased in over a 3 year period that are over $3 million in holdings. $12.5 Billion dollars would go to local governments and K-12 schools if passed. This proposition was placed on the ballot by ...
Last Liked - 12 months ago by TodayWeBuy
Looking for 5 bedroom 3 bath in LA Does anyone have a listing for a 5 bedroom 3 bath ranch style home in the outskirts of LA? Client is motivated. Thanks.
Clarification - 5th bedroom can be an office.
Last Liked - 24 months ago by Agent John Agent
San Luis Obispo (SLO) County Real Estate Newsletter SLO County’s recent trend indicates a flattening out in pricing. We have only seen a 0.9% increase in prices County wide since September 2018. The steam seems to be running out as buyer’s optimism falters with uncertainty towards the economy, the trade war, and an election year looming. There were 324 homes that closed escrow last month, ...
Median Sales Price in SLO
Inventory Months Supply
2 Comments - 15 months ago by TodayWeBuy
We can help you with a loan fund at an affordable rate. Kindly reach out
firstname.lastname@example.org Agent John Dee · 15M OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Nice article. TodayWeBuy · 15M OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Last Liked - 2 months ago by OpenHouseOn.com
SB 1120 - Ends Single Family Zoning Throughout California What's your view on SB 1120 now being considered by California Assembly?
SB 1120 would allow any home in California to be converted into a duplex or allow up to 4 homes where a single home exists today anywhere in California.
While the goal is to add additional and more affordable housing, which we agree with, this is not the ...
1 Comment - 12 months ago by TodayWeBuy
Update to SB 1120: This bill died in the final three minutes of the California Senate. TodayWeBuy · 12M OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
Market Crash Coming? Today the Federal Reserve released inflation data of 5.4%. For every 1% the Federal Reserve increases interest rates, there is a 10% drop in real estate prices. If inflation continues, the Federal Reserve will be forced to raise interest rates in Q4 2021 or Q1 2022.
Plus forbearance will end in June 2021. Home owners will need to come ...
Last Liked - 3 months ago by TodayWeBuy
Mortgage Forbearance Below is a nice write up about mortgage forbearance from our friends at Motley Fool, which provides a great service by the way.
Mortgage Forbearance 2021
Last Liked - 3 months ago by TodayWeBuy
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