Does getting several offers mean you listed your home at too low a price?

Question: “My neighbors just listed their home and I know they got several offers the first week. Do you think that means they should have asked a higher price?” Answer: Not necessarily. Yes, homes that are priced too low usually attract multiple offers.  However, even in today’s “normal” market, you can also get multiple offers
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Do Home Buyers Have 3-Day Rescission Rights?

Question: “Hi Gary, thanks for your newsletter. I really learn a lot from it. I have a question for you. When you sign an offer to buy a home, do you have 3-day right of rescission?” Answer: People ask me that now and then. No, real estate contracts do NOT have any rescission rights for
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This Week’s Crazy Building: California Building

This week we are looking at the California Building in Balboa Park, home to the San Diego Museum Of Man. The amount of ornate detail is a sight to see! It was built in 1915 for the Panama-California Exposition. Designed by Bertram Goodhue, he drew inspiration from styles such as Baroque and Rococo as well
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Are You Qualified to Buy a Home? The Answer Might Surprise You

  Are you qualified to buy a home? The answer may surprise you.   Are you qualified to buy a home? My answer to this is that it may surprise you, but let me get a little more specific. Some people, when they talk about real estate, say something to the effect of, “Oh, I’d
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How do I sell my home and buy another at the same time?

Question: “We’re ready for a bigger house, but I don’t know how to go about this. I don’t want to sell mine until I’ve got another one, but I have to sell to get the money to buy the next one. How do people do this?” Answer: I hear this question all the time. Let’s
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What is a home really worth?

Question: “I’m thinking of selling my home and buying a bigger one. And I’m concerned about asking the right price. Everyone talks about list price, sales price, CMA, appraised value, etc. But what is a home really worth?” Answer: Great question! Recently a young man told me his condo had just appraised at $460,000. But
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What is the difference between a home equity line, an equity loan, and a HELOC?

Question: “Hi Gary. My wife and I want to buy an investment property. We want to conserve our cash, so we plan to borrow against our home.  Can you tell us the difference between a home equity line, an equity loan, and a HELOC?” Answer: A home equity LINE (aka HELOC, acronym for “Home Equity
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How One Homeowner’s Kitchen Turned Into Niagara Falls

    If you’re paying cash for a home, always get homeowners insurance. Today’s story will remind you why.     Usually on “Storytime With Gary,” I share stories that happened well into the past, but for this episode, I’m sharing one that happened the very morning I shot this video. It all started when
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This Week’s Crazy Building: Agora Theater

The Agora Theater in Lelystad, Netherlands combines bright colors with unusual geometry for a unique effect. Designed by UNStudio their goal was to create a space as individual as the theater. It serves a practical purpose as well, inside are 2 auditoriums which had to be spaced as far apart as possible so one performance
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Should I take out a reverse mortgage?

Question: “What do you think of reverse mortgages?” Answer: I think they’re a great option for many older people. My parents had one and it allowed them to stay in their home until they passed away. The downsides are the high 15K+ upfront costs and the obvious fact that the equity is slowly used up
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