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repairs: OUCH! This new lead based paint law has some serious bite, but is there a way around it for Realtors? - 05/25/10 04:07 PM
There's a new law the real estate industry needs to be aware of, and it has a HUGE bite to it! $32,500 fines (and that's even for the first offense), licenses revoked and suspended, lawsuits, neighborhood watchdogs on the prowl, OUCH! We are not talking about slaps on the wrist. You think the EPA is serious when they passed the new law concerning renovations on pre-1978 properties which took effect on April 22, 2010? How does this affect the real estate industry including Realtors, buyers, sellers, investors, homeowners, contractors, etc.?
Well, in case you have not heard, the EPA is now enforcing a new law … (53 comments)
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repairs: Heavy Rains Put Realtors To Work in Southern California - 01/22/10 08:26 PM
There is no sleeping in and sitting by the fire when it's raining and cold outside for Realtors in Southern California. Realtors are on top of their game making calls and arrangements making sure their listings are safe and secure without major water damage. We have had MANY calls keeping us busy with tarping, water extraction, damage assessment, floor and drywall drying, and repair as a result of the heavy rains in Southern California.
WARNING: if you are a Realtor in Southern California with a vacant listing...time to step it up and inspect your property!
DO NOT TAKE IT FOR GRANTED … (6 comments)
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repairs: Lowered Expectations By Foreclosure Buyers. Why? - 01/04/10 05:39 PM
Lowered expectations. Don't take it as negative statement, that is the just reality of the movement by consumers in today's market. Trends show consumers expect less when purchasing a foreclosure and expect a discounted price to follow. According to a survey done by Trulia.com 65% homebuyers expect a 30% discount in the purchase price of a foreclosure, but are willing to pay on average $30,000 when purchasing a new home for things such as furniture, paint, hot water heaters, etc. Buyers are now understanding that the majority of the homes in this market are considered distressed properties, knowing now that they will likely need to put … (17 comments)
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repairs: Why are Water Leaks Common During the Holidays? - 12/27/09 04:06 PM
Water leaks can be commonly found during the holiday season for several reasons.
1. Families take a vacation and return to find a water stain in the ceiling, a faulity water heater, and toilet leaking. Did the house throw a party while you were gone? What happened? Well, why you were gone water sat in galvenized pipes. Now, it becomes just a middle school science lesson: Water + air + metal= rust. Pinhole leaks form as a result of extended periods of non-running water throughout the house. Over a string of vacations, the rust only gets worse and finally there is the … (0 comments)
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repairs: Obama's bringin' sexy back with... Insulation? - 12/17/09 02:51 AM
That's right, it's time to move over Justin Timberlake, Obama is trying to use something else to bring sexy back, and it's called... Insulation.
"Obama Unveils Sexy Stimulus Package" could have been the title of this blog, but I don't want you to get you the wrong impression. I mean, can a stimulus package really be sexy? Well, President Obama has now officially put "sexy" into the economic stimulus plan.
"I know the idea may not be very glamorous, although I get really excited about it. We were at the roundtable and somebody said, 'Insulation's not sexy.' I disagree. … (6 comments)
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repairs: Who is going to finance the fixer upper and new home repairs? - 12/14/09 01:12 PM
“Minus the safety, security, and cleanliness factors, this house is our dream home!”
Let's face it, this is not your grandma's real estate market. Buying a home in today's market is different than buying a home a few years back. The standards of house conditions have fallen drastically in a relatively short period of time. New homebuyers are no longer expecting to find their dream home that's in move-in condition when escrow closes. The current real estate inventory is cluttered with junky houses and fixer uppers.
Banks are not willing to put in a lot of money into a property they … (1 comments)
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repairs: "Just Don't **** Up Escrow!" - 10/21/09 06:48 PM
"Just don't **** up escrow," he said matter-of-factly.
Recently, I have been talking to a lot of REALTORS® about the type of services they really want their "repairman/ handyman" contractor to provide. I talked to a REALTOR® yesterday that pretty much summed up what REALTORS® have been telling me with the comment, "Just don't **** up escrow."Some other responses: "...repairs done quickly, so that it does not hold up escrow." "I don't want the inspector to scare away my clients.""Just get the job done quickly and get out of there.""I appreciate an inspector that understands they work for the Realtor." Our … (2 comments)
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repairs: "We Just Open Doors!" Really? - 10/15/09 03:29 PM
I was talking to a Realtor friend about a recent job we did on a balcony deck at a property. The house was in escrow and the termite report came back with section1 wood rot. The bank called out a contractor to bid the repair. The realtor suggested us for a second bid. When inspecting the deck we noticed that bondo was applied on the deck to “repair” previous damage. We checked the records and exactly one year ago the house was sold and the repair was made likely to cure a section1 item. Why bondo? It's cheaper than replacing the … (2 comments)
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repairs: PSYCHO "SHOWER SCENE" IN REO's STRIKES TERROR IN AGENTS AND HOMEOWNERS - 09/22/09 04:44 PM
ATTENTION: A well-disguised and silent assassin is lurking in every vacant home causing agents and homeowners to scream in terror, hoping they will not be the next targets of the vicious crime. The crime scene is nearly always in or around a bathroom, however, the failure to detect this assassin has left agents and homeowners bewildered and confused. Victims are attacked when they least expect it. Routines activities such as turning on water and flushing a toilet seem to trigger the criminal, almost as if giving a cue to begin the destruction. It is apparent that the violent acts always … (2 comments)
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repairs: Realtors...Don't get your "assets" caught in a sling! - 06/01/09 09:35 PM
If you are representing a seller, buyer, managing an REO, or are the employing broker in a Real Estate transaction; if you or your employee hires an unlicensed contractor to perform repairs on a property that the California State Contractors Board specifically states must be performed by a licensed contractor, you could be held liable for up four years after the completion of the sale for any fines, fees, penalties or liabilities resulting from the illegal practice or from damages due to neglect, gross negligence or misconduct from the hiring or performance of that "unlicensed contractor".
You want to sleep … (0 comments)
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Jerry Bronstrup
Los Angeles,
CA
More about me…
Bristol Builders, Inc. Your FHA Expert 866-775-8169
Address: 25020 Avenue Stanford, Unit 110, Santa Clarita, CA, 91355
Office Phone: (661) 294-1812 x 20
Cell Phone: (661) 816-6949
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