In lieu of requiring buyers to pay all cash, some land sellers choose to offer “owner financing”. The seller accepts a down payment from a buyer of, say, 20% and then the buyer makes monthly payments to the seller over time. When one of my … [Continue reading]
Buyers ask: “are there building restrictions on that land?” That’s an easy one. My answer is always “yes”. Every parcel of land in California and Oregon has building restrictions. What buyers really want to know is what are those restrictions … [Continue reading]
Wildfires scorch the landscape and reduce houses to rubble. They destroy community infrastructure and recreational resources. The result is a decline in real estate prices. How much will real estate prices decrease after a wildfire? Read … [Continue reading]
Land owners have a legal duty to disclose to buyers all material facts about the land they’re selling. This duty, however, is limited to information the seller is actually aware of. Buyers are sometimes dismayed when they learn that sellers have so … [Continue reading]
“How many days has that parcel been on the market?” Buyers call and ask me this question all the time. They assume that the longer a parcel has been on the market, the more motivated the owner is to sell. When the “Days on Market” (DOM) are high, … [Continue reading]