Danville and San Ramon buyers and sellers may be surprised to realize that the issues here are not just local ones. Amazing to say, home sellers across the country had an average of 2 to 3 offers on their homes in 2017. According to Realtor.com’s Housing Shortage Report, the United States is experiencing the worst inventory shortage in 20 years. It’s no secret that the historically low inventory has created a nationwide seller’s market. And since there’s such a demand for homes, sellers are … [Read more...] about Multiple Offers On Homes Nationwide Became The Norm in 2017
So you’ve put your home on the market and agreed a sale within a couple of weeks at a price that you are very satisfied with. The buyers are obviously well-qualified for the loan they need and you can tell they really love your home. But the contract allows for a 10-day inspection contingency. How much should you be concerned about that? A lot will depend on how much you know about the condition of your home. When you completed the required disclosure forms, your agent will have advised you … [Read more...] about Could A Home Inspection Kill Your Sale?
With the successful passing of H.R. 3700, the Housing Opportunities through Modernization Act, homeowners in Rossmoor will soon be able to obtain reverse mortgages again. FHA financing will also be available there for qualified buyers. Both of these financing opportunities have been restricted there since July 2015 when Rossmoor, along with 7 other retirement developments throughout the country were hit by a HUD (Department of Housing and Urban Development) ban on senior living communities … [Read more...] about Reverse Mortgages Return to Rossmoor