All About Money
The Pitfalls of Seller Financing
Seller financing is also referred to as a seller carry back. Likely due to my banking background I believe there are many pitfalls to seller financing. As interest rates are cyclical, the benefits of seller financing increase when rates are ...
Is it meant to be?
Throughout the world, there is hunger, poverty, and sickness. Being born in the United States is like hitting the lottery. To some extent, I believe God helps those who help themselves. Unfortunately, not everyone is in a position to help thems...
What are Tiny Houses?
Tiny houses come in all shapes and sizes, including container homes. The average American spends more than ¼ of his income towards housing. Tiny homes offer the benefit of living a simpler, less expensive lifestyle (and who doesn’t long fo...What does an earnest money deposit and an engagement ring have in common?
The earnest money deposit is a critical part of the home buying process. Once deposited with escrow, your earnest money proves to the seller that you are moving forward. It’s similar to an engagement ring- it’s a sign of good faith. In o...
Time is Money
The phrase “Time is Money” is attributed to Benjamin Franklin. Recently, I received a call from a potential seller; she has had her condo listed on more than 30 occasions with different Realtors each time. Of course she didn’t tell me...
How many home inspectors does it take to inspect a Pasadena home?
After looking at homes for several months my clients successfully had their offer accepted for a home in Pasadena's President's neighborhood. A 1930's home with a shake roof. So how many home inspectors does it take to inspect a Pasad...
Real Estate, Fishing and Estate Plans
When I was four or five years old, my mother took me to visit my great grandfather Hibbert on one of Michigan’s many lakes. He took me fishing on his dock; the first fish I caught was a catfish which we ate for dinner. (I now hate fishing...
Home Pricing Mistakes
Surprisingly, pricing your home is one of my most difficult tasks. Proper pricing is more art than science; it requires that I consider current market conditions. In both an escalating and declining market recent sales are not as indicative o...
