Question: “We’ll be selling our home in University City next year. I’m an honest person and plan to disclose everything, even though I don’t know of anything wrong with our home. But with all the lawyers and litigation in California, I’m afraid of being sued by the buyer for some technicality. What can I do
Question: “I’m having trouble finding a home to buy. There isn’t a lot to choose from and all the nice ones seem to already have an offer. Any tips you can give me?” Answer: Here are three… Don’t automatically skip over homes with poor pictures. They could be real gems that are being overlooked due
Question: “Can I use my VA to buy an investment property?” Answer: Sorry. VA loans are only for owner-occupants. However, you can move out of the home at a later date and keep your VA loan. Verify with your lender or the VA, but I think you must intend to live there for at least
Question: “Since I am not carrying the loan on my house, should I care how much the buyer puts down?” Answer: Yes! All other things being equal, the higher the down payment, the stronger the borrower’s qualifications and looser the lending requirements. And a side benefit is that if the appraisal comes in low the
Question: “Due to the crazy laws in California, I have to give my tenant a 60-day notice to move. But I’d like to get her out sooner by letting her skip the last month’s rent. Good idea?” Answer: No and yes. Offering an incentive is a good idea, but never give a tenant an incentive
Question: “I saw a house that has a lot of fungus damage to the wood. Does a termite inspection cover that?” Answer: Yes. While it’s often called a “termite inspection”, the correct term is “pest control inspection,” which covers anything that can decay or eat the wood. And that includes fungus.