Know Your Contract Contingencies: California’s Real Estate Inspection Contingency 14(B)(1)

Real estate contingencies typically fall under three major categories: appraisal, home inspection and mortgage approval. Think of these contingencies as a buyer’s and seller’s safety net. If a home does not appraise at a certain value, if an inspection reveals a major problem, or if the buyer cannot obtain adequate financing, the parties can back out of the contract without penalty.

Read More

Oakland’s Private Sewer Lateral (PSL) Requirement

Before selling, building or installing a new water meter an Oakland homeowner will need certification that their sewer lateral (PSL) is in good condition. Certificates are good for twenty (20) years if the lateral is new.
If the lateral was only repaired or passed the city’s inspection with no repairs needed, the certificate is valid for seven (7) years.

Read More

Zillow expects pace of San Francisco home-value appreciation to fall sharply: Should you sell now?

Zillow predicts the pace of home-value appreciation will drop by more than half over the next 12 months in the San Francisco metro area. The implications could be profound in the Bay Area, which has enjoyed one of the nation’s hottest housing markets over the past several years and where homeowners have come to expect beefy […]

Read More