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A Buyer’s Perspective

5336 Acacia St. San Gabriel

What is sweat equity?

Have you heard the term "sweat equity"? According to Wikipedia Sweat equity is a party's contribution to a project in the form of labor, as opposed to financial equity such as paying others to perform the task. Sweat equity has an application i...

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Obstacles to Seller finding a home of choice

Obstacles to Seller finding a home of choice Dear Phyllis, The seller countered my offer that purchasing their home is contingent upon them finding and buying another. I love their home and am serious about buying. But I am fearful th...

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Why didn’t I receive a counter offer?

Why didn’t I receive a counter offer? Dear Phyllis, My fiancé and I made an offer on a house but due to the condition of the economy, our offer was low. Although we would have increased our offered price, we were never given the op...

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When is the right time to sell your home?

It’s often difficult to determine when it is the right time to sell your home. According to the National Association of Realtors, the average home seller remains in their home for ten years. In 1985, it was just five years. My husband ...

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Counter Offers not Required

Counter Offers not Required Dear Phyllis, I have been looking at homes for nine months. During that time we have written several offers which for various reasons weren’t accepted. The most recent offer my agent submitted was on a ho...

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Competing in a Seller’s Market

Competing in a Seller’s Market Competing in a seller's market Dear Phyllis: My husband and I are beginning our search for a new home and I have a question/concern. I understand that many homes are selling over asking price. What ...

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Buyers are feeling the rush

Buyers are feeling the rush Dear Phyllis, My son was recently divorced and has sole custody of his two girls. So that they could remain in the same school district they have moved into my La Crescenta home. There is plenty of room, so t...

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Courtesy Appointments

Courtesy Appointments Dear Phyllis, Several months ago we purchased our first home and the seller’s agent was very difficult. Each time we wanted to view the home we had to make appointments that were convenient for her schedule. Af...

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A recent Glendale fixer and how it went

I recently listed a Glendale fixer. The owner had moved out a year and a half ago. The home was filled with their furniture and personal property. I helped the sellers coordinate a hauler, packers and a storage unit. In the meantime a condo...

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What is Escrow?

Dear Phyllis, I bought my La Crescenta property many years ago from my cousin and we did not use a Realtor® and I don’t remember using an escrow company. My daughter and her fiancé are buying a home and have opened escrow. What does ...

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