Springtime is the time when the market HEATS UP, so all you potential buyers need to be prepared to move quickly on a particular home. First time home buyer and move up tax credits worth $8000 and $6500 expire APRIL 30th. So, my best advice is to begin working with a Realtor NOW!!!
As I mentioned before, the foreclosure home inventory is decreasing, so some buyers are experiencing "bidding wars" which are pushing prices up. Currently about 30% of markets are experiencing price increases.
We still have low mortgage rates, however if the FED stops buying morgage-backed securities at the end of March- 30 year rates will probably rise 6%.
Don't miss this GREAT opportunity, because as we all know this is the time to BUY!!!!
Contact me with all you REAL ESTATE needs
Now I had a California Facebook friend ask me an important question about a Landlord's responsibility concerning security. Here is a general list of Landlord's Responsibilities...
Providing a livable unit. LIVABILITY means the unit should:
- be weather and waterproof
- have working plumbing
- provide enough hot and cold running water
- have a working heating system
- have an electrical system in good working order
- be free from infestations of insects and rodents
- have sufficient trash cans
- have floors, stairways and railings in good repair
- have natural lighting in every room
- have working windows that open at least halfway or mechanical ventilation
- have safe fire or emergency exits leading to street or hallway
- have a working deadbolt lock on main entrance
- have working security devices on windows
- have working smoke detectors
The landlord/owner must return the tenant's security deposit within 21 days of regaining possession of the unit. If he/she has withheld part of the deposit, an itemized statement must be made available to the tenant.
Please contact me with any questions or concerns
SEE YOU AROUND THE NEIGHBORHOOD!!!
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