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Prepare for Baby Boomer Sell-Off
Baby boomers and others aged 55 or older, comprising up to several million current home owners, say they plan to move to rental units in the next few years, according to Freddie Mac’s newly released 55+ Survey of housing plans and perceptions of those born before 1961. Thirty-one percent say they would likely relocate to a different neighborhood in the same city.
Heed the Home Inspection Red Flags
What can you suggest to your buyers to help them investigate further during a home inspection, to give them the confidence to move forward? Curbed.com recently featured a 14-point checklist to help home buyers during a home inspection. This isn’t about peeling paint, which will be both obvious and pretty easy to fix, but about bigger ticket items that can affect the livability of the property.
Here are some tips that you can share with your buyers and sellers. Moving experts recently shared with realtor.com® some of their most creative tips and tricks for helping home owners pack up their belongings.
CVAR West – Now Open Saturdays!
CVAR West, our office in South El Monte, will now be open from 9 a.m.-1 p.m. on Saturdays, mirroring the Saturday hours of CVAR East, our Rancho Cucamonga office. CVAR Headquarters in Glendora is open Monday through Friday, only.
Also, this week at CVAR West we are offering a free Lunch & Learn, on Thursday, July 7, from 11 a.m.-noon.
“How to Avoid Issues When Opening Escrow” includes a free lunch and valuable information from Jeanine Brown & Kitty Ip of Olympus Escrow. If you haven’t been to this newest location in South El Monte, see the video introduction above. The office includes a REALTOR® store, a classroom with state-of-the-art equipment, and full membership services.
The location is super-convenient, at the Peck Road exit off CA-60, right next door to LA County Assessor Jeffrey Prang’s office and across the street from the magnificent new Goldwyn development, at 1170 Durfee Ave., Ste. A, South El Monte, (909) 305-2827. Click the above
FAA Rules on Drones for Real Estate
Using a drone to capture listing photos and videos or inspect properties is about to become significantly easier now that the federal government has finalized its long-awaited regulations over the commercial use of unmanned aerial systems. The final rule issued Tuesday by the Federal Aviation Administration paves the way for people who obtain a remote pilot certificate…. READ MORE
What Your Clients Think of Housing Affordability
A survey from the MacArthur Foundation found that Americans view a stable, affordable home as fundamental to economic security, but it’s becoming more unattainable, with 68 percent saying it’s harder to find now than it was for previous generations. But many have hope that the issue of housing affordability can be solved.
Potential Buyers Staying on Sidelines?
Credit standards for loans have tightened, but at the same time, there has been a drop in loan denial rates. CoreLogic economist Archana Pradhan believes some would-be borrowers–who may fear tighter qualification standards–are “self-sidelining” from applying for a loan.
West Bucks Trend in Appraised Value Study
“The hot housing markets along the West Coast are growing quicker than owners realize, giving way to higher than expected prices for buyers and more home equity for existing owners,”reports a study by Quicken Loans.