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helpful information: Pacific Palisades Real Estate Blog - Saturday 09-19-2009 - Listing Agreements - 09/19/09 11:05 PM
Once you've selected a REALTOR® to market and sell your property, you and the agent will enter into a written, legally binding contract called a listing agreement. The CALIFORNIA ASSOCIATION OF REALTORS® offers its own official agreement for California REALTORS®, the Residential Listing Agreement (Exclusive Authorization and Right to Sell) (LA-11). This standard form stipulates all agreement terms, including the listing price, the listing time period, the broker's commission and more. It also informs the seller of issues and legal requirements that may be involved in the process. The Exclusive Agency Listing Agreement (EA-11) is another C.A.R. standard form providing generally (2 comments)
helpful information: Pacific Palisades Real Estate Blog - Friday 09-18-2009 - Impact of Federal Tax Credit - 09/18/09 04:12 PM
Happy Friday everyone! It's going to be a beautiful and warm sunny southern California weekend. I want to share with you this article I found on the California Association of Realtors Newsstand.... Nearly 40 percent of first-time home buyers report federal tax credit played critical role in decision to purchase a homeLOS ANGELES (Sept. 18) - Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to the CALIFORNIA ASSOCIATION OF REALTORS®' (C.A.R.) "2009 First-time Home Buyers Tax Credit Survey." Understanding the significance (0 comments)
PACIFIC PALISADES SANTA MONICA MALIBU BRENTWOOD BEVERLY HILLS WESTWOOD/CENTURY CITY MARINA DEL REY VENICE TOPANGA CULVER CITY PLAYA DEL REY PLAYA VISTA WEST L.A. BEL-AIR BEVERLY HILLS PO BEVERLY CENTER/MIRACLE MILE (1 comments)
helpful information: Pacific Palisades Real Estate Blog - Tuesday 09-15-2009 - Mortgage Protection Program - 09/15/09 04:59 PM
C.A.R. launches Mortgage Protection Program for first-time home buyersQuick Facts. C.A.R. is the first statewide association in the nation to offer a mortgage protection plan for consumers. Approximately 3,000 households expected to receive assistance in first year. C.A.R.'s Housing Affordability Fund is dedicating $1 million toward programLOS ANGELES (April 2) - The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today launched the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP) for first-time home buyers.Through the Housing Affordability Fund Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for (0 comments)
helpful information: Pacific Palisades Real Estate Blog - Monday 09-14-2009 - What is Quiet Title - 09/14/09 07:30 PM
An action to quiet title is a lawsuit filed to establish ownership of real property (land and buildings affixed to land). The plaintiff in a quiet title action seeks a court order that prevents the respondent from making any subsequent claim to the property. Quiet title actions are necessary because real estate may change hands often, and it is not always easy to determine who has title to the property. Please find attached my title representative's latest title piece that explains Quiet Title and describes some of the typical grounds for a quiet tile complaint. Click here to view the newsletter: Quiet (0 comments)
helpful information: The City of Santa Monica is now Accepting Applications for City Manager - 09/13/09 07:24 PM
On August 12, 2009, City Manager P. Lamont Ewell announced his retirement. The City Council is seeking qualified candidates in is conducting a nationwide search for our next City Manager. Click here to view the recruitment brochure Resumes due by October 16, 2009. If you are interested in this great opportunity, please apply online at www.allianceresourceconsulting.com or e-mail your resume to email@example.com by Friday, October 16, 2009. For a brochure or additional information, please call Lisa Mills at (714) 585-2811 or Eric Middleton at (562) 901-0769.
To preview the finest real estate and the best deals on the (0 comments)
Santa Monica Pier Centennial Day September 9, 2009 7 a.m. MORNING BLESSING Location - West End of the Pier
A multi-faith blessing of the Pier led by west side religious leaders.
6:00 p.m. - 6:25 p.m. GRAND RE-OPENING CEREMONY
We re-dedicate the Santa Monica Pier for the next Century in this opening event at the Landmarked Iconic Pier 'A Century of Memories" Brief memories and historical milestones by those who have lived through each of the decades. "Ribbon of Time" A very special ribbon cutting ceremony begins "For Future Generations " Our keynote speaker presents a vision (1 comments)
helpful information: Pacific Palisades Real Estate Blog - Thursday 08-13-2009 - The Fed Sees Hope! - 08/13/09 08:50 PM
Happy Thursday everyone! I just read a very interesting article in the Los Angeles Times..... Fed sees hope but leaves key interest rate near zero The central bank says 'economic activity is leveling out' but remains weak. It extends by a month its purchase of Treasury securities to reduce long-term interest rates. Reporting from Washington Tom Petruno and Los Angeles -- The Federal Reserve on Wednesday gave its most upbeat assessment of the U.S. economy in many months, while making clear that it would indefinitely keep short-term interest rates at rock bottom.In their statement after a two-day meeting, Fed policymakers said (0 comments)
helpful information: Pacific Palisades Real Estate Blog - Monday 08-10-2009 - Buy foreclosures now before it's too late! - 08/10/09 10:06 AM
Happy Monday everyone! I found this article on CNN very insightful!! Please let me know if you have any questions or would like an updated list of foreclosure/REO inventory in your area. Have a great week ahead! from CNNMoney.com In many markets, if you want to buy a repossessed property, you better come with your best offer first -- and fast. NEW YORK (CNNMoney.com) -- You've heard of speed dating? It's got nothin' on foreclosure buying these days. In many places, anyone who wants to buy a foreclosure better act fast, or they're going to come away with bupkus. REOs, the (0 comments)
helpful information: Pacific Palisades Real Estate Blog - Thursday 08-06-2009 - The Transaction from End to End part 4 - 08/06/09 10:06 AM
Closing The closing is the day you've been waiting for: when ownership of the home officially transfers from the seller to you! Prior to the closing, the escrow agent will present you with scores of legal documents to review and sign, and you'll be expected to pay your downpayment and closing costs. In addition, a number of other legal procedures must be completed before the sale can close, including approving the mortgage application, clearing the title, appraising the property and recording the deed.
The Real Estate Settlement Procedures Act (RESPA) provides specific protection to buyers before, during and after closing. (0 comments)
helpful information: Pacific Palisades Real Estate Blog - Tuesday 08-04-2009 - The Transaction from End to End part 3 - 08/04/09 10:05 PM
Home Inspections vs. Appraisals Home inspections vary greatly. Some check the home's structure, construction and mechanical systems, and appliances, which may be transferred with the property. Although different inspectors look for and test different things and may not discover everything that is wrong with a property, obtaining inspections is the best way to become informed of necessary repairs or problems with the home. Be advised that inspectors do not assess the value of your home.
According to HUD, an inspector typically checks the electrical system, plumbing and waste disposal, the water heater, insulation and ventilation, the HVAC system, water source (0 comments)
Buyers' Up Front Fees In conjunction with the residential purchase agreement, buyers are usually expected to put down a deposit at the beginning of the transaction. If the buyer completes the sale, this money will be credited toward the buyer's downpayment. If the buyer doesn't complete the sale for legal or contractual reasons, the money is typically returned. However, if the buyer doesn't complete the sale for other reasons, the seller may be entitled to keep the deposit. The U.S. Department of Housing and Urban Development (HUD) advises that deposits should be "substantial enough to demonstrate good faith," usually 1 (0 comments)
helpful information: Pacific Palisades Real Estate Blog - Sunday 08-02-2009 - The Transaction from End to End part 1 - 08/02/09 09:59 PM
Now that you've found the perfect home, it's time to get the deal rolling. You'll need to sign a residential purchase agreement, make an offer, possibly put down a deposit, conduct inspections and close the sale. If this all sounds overwhelming to you, don't worry; your REALTOR® will guide you through each step. Making an offer/Residential Purchase Agreements and Buyer Representation Agreements If you're ready to purchase the home, you must get all the details in writing. The offer begins with a written proposal spelling out your price and any stipulations regarding the purchase. If the seller has agreed to pay part (0 comments)
helpful information: Pacific Palisades Real Estate Blog - Sunday 08-02-2009 - California's Default Rate Soars to 9.5% - 08/02/09 04:53 PM
Happy Sunday! I am saddened to be the bearer of not so great news. Los Angeles Times reports that the default rate for California is 9.5%!! Here is the article... About 1 in 10 Californians with a home loan is now in default, and there's growing evidence that the mortgage meltdown is spreading to commercial real estate.The home mortgage delinquency rate -- the percentage of borrowers who have missed several payments and are in the first stage of foreclosure -- climbed in June to 9.5% in California and 9.9% in Los Angeles County, according to First American CoreLogic. The staggering number (0 comments)
helpful information: Pacific Palisades Real Estate Blog - Saturday 07-25-2009 - Great "Staycation" Ideas - 07/25/09 03:13 PM
With the current economic climate, "staycations" are becoming more and more popular. Keep your family in the area, but get away and relax with these staycation ideas. Be a Local Tourist. Do a little bit of research and see what your visitor's bureau or local goverment recommends for visitors. Chances are, there are plenty of attractions you haven't explored! Don a ridiculous Hawaiian shirt, put a camera around your neck, and set out on a local adventure. Backyard Camping. Pitch a tent in your backyard and sleep outside. Best part is if it rains or someone is not feeling well, the (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.