Do you get bored reading contracts? Well, most people do; however real estate contracts are important. Understanding them can make a difference between a successful real estate transaction and one that is not. Mass confusion can ensue if both seller and buyer are not familiar with all of the terms of their contract. When you are able look at the different contracts long before you sign them, it will give you a lot more confidence when you do sign them. The contracts you are about to see are provided by the California Association of Realtors C.A.R. If you are selling or purchasing residential property in California, there is a 99.9% chance that you agent or broker uses them. So please do yourself a favor and be familiar with the different contracts. New contracts will be added in the near future.

Click here to see part 1

Click here to see part 2

If you were building or remodeling a home, wouldn’t you first check on the status of the contractor’s license? It is just as wise to check on the status of your real estate agent’s license. California sales agents and brokers must renew their license with the  Department of Real Estate every 4 years. During that 4 year period all sales agents and brokers must complete several hours of continuing education. When you click the link below you can insert the agent’s name. The results will tell you if his or her license is current and it will also show if there has been any disciplinary actions.

CLICK HERE TO FIND OUT

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The main reason for this blog is to inform buyers and sellers of the nuts and bolts in the process of buying and selling real estate in the state of California. That means subjects such as buying short sales, buying REOs (bank owned property), buying traditional sales, red flags for both seller and buyer, the importance of disclosure, and what disclosures a buyer can expect to see, what to expect from an agent, the contracts that California agents use and the typical contracts sellers and buyers are most likely to see, property inspections, proper valuations of property for both seller & buyer, mistakes of pricing proper too high, contingencies, meaning of properties selling “as is”, pest control inspections, being preapproved for financing for buyers, the importance of being aware of contract time frames, who pays the costs of a transaction, how not to be mislead by some of the popular websites, liability exposure to both seller and buyer, and the list can go on and on. This blog is about the meat and potatoes of buying and selling real estate and not fluff.