Should You Pay A Record Retention Fee When Buying or Selling a Home?

Most real estate agents work on a commission basis.  That means that whether you are buying a home or selling your house, the agent representing you is most often paid as a percentage of the purchase price. An excellent agent is worth every penny they get paid.  And sometimes, worth much more than the commission earned on a particular transaction.  For example, right now I’m involved in what should have been a simple, slam-dunk transaction that has dragged on for 10 weeks and involved much…

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What should Tehachapi homeowners avoid doing if you can’t afford to pay your mortgage?

Let’s talk about some do’s before we get the don’ts. So, what are some good things to do if you are a Tehachapi homeowner and can’t afford to pay your mortgage? Find out what your options are!  You didn’t set out to be in this situation and your lender will understand that.   Many times folks that are no longer able to pay their mortgage and owe more on their house than it’s worth think their only choice is to let it go to foreclosure.…

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Are short sales a good choice for you as a buyer?

Are short sales a good choice for you as a buyer?  Let’s answer that with another question.  Are you planning to move, or are you planning to look? Short sales occur when a seller’s lender agrees to take less money to satisfy the mortgage debt then the seller owes on the mortgage.  That’s a pretty simple sentence that carries a huge amount of baggage with it! Start with the word “occurs.”  In order to get to that point, there has to be a willing buyer in…

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Why Might Short Sales Stabilize the Real Estate Market?

I hear from lots of prospective buyers that want to get a list of Tehachapi foreclosed properties so they can look for the “best deal.”  The truth is a foreclosed property may not be the best deal whether you are the occupant of the foreclosed home, or the prospective purchaser. As the occupant, if you are just waiting for the foreclosure to go through, you’re not really doing yourself, or your neighbors, any service at all.  I understand that the entire situation is distressing and…

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