In today’s market, it’s paramount that real estate agents, homebuyers, and homesellers are all aware of scams and schemes they might encounter. Avoiding wire fraud in the coming years may prove more challenging, so we are here with some signs to watch out for. Read More >>
In 2020, the pandemic brought chaos to a real estate market that the industry already considered turbulent. Two years after Covid-19 entered California, those market changes may remain for the foreseeable future. Read More >>
As we move into a post-pandemic era, it is critical to assess what has changed about selling real estate. After all, if you want to stay at the top of your game, you need to stay on top of attitudes and trends. Read More >>
Not all companies operate as an independent provider of escrow services as we do. Let’s compare what differentiates independent escrow companies from other associated “controlled” escrow companies. Let’s get started with comparing independent and controlled escrow companies. Read More >>
Actual ownership of real property (how ownership is recorded on title) can make or break a real estate sale during the escrow process. However, many properties are held in a trust and present a special set of circumstances for title and closing. As such, understanding trust certifications and trust agreements is vital. Read More >>
An often untapped method for growing your real estate inventory is by targeting absentee owners. With the right strategies strategies to attract absentee owners, you can start making matches that benefit all parties involved. It might take a little legwork at first, but the results are well worth it. Read More >>
In spite of a challenging economic big picture in 2020, real estate professionals had one of the best years in recent history. First time home buyers kept the housing market alive because of incredibly low mortgage rates. 2021 foreshadows a different phase as rates are now increasingly likely to rise. If we understand three basic principles contributing to fluctuating interest rates, we can manage buyer and seller expectations in this new market landscape. Read More >>
In November 2020, California passed Proposition 19, “The Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment.” This amendment, which goes into effect this year, is good news for some property owners—and bad news for others. Read More >>
Once a seller has accepted an offer on his or her property, the home goes into escrow. During this process, the buyer and seller deposit pertinent documents. And, in the case of the buyer, deposit funds with an escrow firm until the parties meet the conditions of the sale agreement. At that point, the transaction can proceed. Unfortunately, the escrow process can fail.
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Just hours after submitting their $775,000 down payment for their new home, Kevin and Nicole Noar from Solana Beach discovered they’d been scammed. Instead of the money going to their escrow agent’s account, it went to a hacker’s bank account in Singapore, according to ABC 10 News San Diego. Welcome to the world of escrow scams. Read More >>
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