Home purchases now made primarily by current homeowners

According to an article on DSNews.com, investors are no longer buying as much of the real estate inventory–but instead, current homeowners are. HousePulse attributes this change to the rising home prices and decrease in distressed inventory; home purchases from investors are now at 19.7 percent, down from 23.1 percent. First-time homebuyers had just a slight …

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Just listed! 227 Sapphire, Newport Beach

JUST LISTED! — 227 Sapphire, Newport Beach — $2,400,000 More details on Renee’s site here and at the property website, www.227Sapphire.com. Quintessential Balboa Island duplex. Currently being used as a duplex, the front home consists of 3 bedrooms and 2.5 bathrooms, living room with a custom fireplace, dining room and 2-car garage. The back house …

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Crunching the numbers on competing purchase offers

Sellers are inclined to go with the highest-priced offer when they receive more than one. But, price is only one factor to consider. An offer with a lower purchase price but a large down payment and a quicker close could be best. The terms of a purchase offer can make or break a deal, particularly …

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Price your house to sell quickly

Price your house to sell quickly A first-quarter survey of home buyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent. Home buyers usually have a better grasp of current market value …

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