Do Not List Your Home in the MLS

Off-MLS Listing Q&A The Pros and Cons of Off-MLS Listings: What Consumers and Real Estate Agents Should Know While not a new concept for veteran real estate agents, the terms “off-MLS” or “pocket” listings may be an unfamiliar phrase to many consumers and some newer agents. Home sellers and agents should nevertheless be aware that [...]

How a Reverse Mortgage Works, Basics

Think of getting a reverse mortgage the same as getting a regular mortgage for your house except that the qualification process is much easier and making a house payment is optional. A reverse mortgage allows senior citizens to turn a portion of the equity in their property into cash. Since the standard mortgage method is reversed, [...]

How a Reverse Mortgage Can Improve Retirement Security

Smart Ways to Use Reverse Mortgage A Reverse Mortgage or Home Equity Conversion Mortgage, HECM, has made huge changes which makes it better with the new rules passed by HUD earlier this year, as a way for some to significantly improve retirement income security. Home equity is probably the most valuable asset owned by most retirees [...]

Relief for Reverse Mortgages Proposed

Congresswoman Maxine Waters (D-CA) wants better transparency for those seniors over 62 that have reverse mortgages, specifically HECM - Home Equity Conversion Mortgage. There have been may issues on what happens to non-borrowing spouses once the other spouse, the borrower, dies.   She argues that by factoring in the age of the youngest borrower in [...]

Are There Deals in Real Estate

“Deals” And “Bargains” In Real Estate The myth: It is widely believed by the public (and even by many real estate practitioners!) that there are “deals” or “bargains” to be had in real estate. The thought is that, in good markets or in bad, somehow a property can be purchased “below market price”. The reality: [...]

City Inspection for a Real Estate Sale

Some Southern California Cities Require A Pre-Sale Inspection, A Report Or Both! Whether selling or buying a home, it is well to learn if the jurisdiction in which the property is located requires that representatives of that jurisdiction (invariably cities; counties usually do not do this) must enter and inspect the property before close of [...]