With interest rates remaining low and nice weather making it easy for people to get out and see new properties, the housing market is likely to remain hot. This is often when we see multiple offers on a single property. A seller’s first reaction to multiple offers is usually, “Yay! Lots of offers.” The reaction … Read more
I’m frequently asked why we don’t have more houses available in Ukiah for sale or rent. Although the Realty World Selzer Realty property management division manages about 800 properties, we typically have almost no vacancies—and that’s been true for at least a couple years. The reason, of course, follows the laws of supply and demand. … Read more
Before you buy or sell a house, it’s important to know its market value. As a buyer, you want to pay as little as possible, while still putting in a winning offer. As a seller, you want to maximize the sales price. So how do these two parties ever come to an agreement? Through the … Read more
An appraisal is a professional assessment of a property’s value, and it is a critical part of the home-buying (and refinancing) process. Before lenders will agree to finance a home loan, they want to be sure they can recoup their money, should the need arise. If you find a cute little house on the Westside … Read more
When homeowners receive a property tax bill, some see more than one assessor’s parcel number listed for a single property. Ever wonder why? Well, let me explain. An assessor’s parcel number, or APN, is simply a number assigned by the tax assessor to assure the property is taxed appropriately. A unique APN does not equate to a legal parcel. A … Read more
When it comes to real estate, you can invest in several types of properties. The question is, why would you? Well, because it can pay handsomely. A reader asked, “If I were interested in investing in real estate, where should I start?” Well, there are several different types of real estate investments: single family homes, … Read more
It’s a seller’s market, but whether you’re talking about a sales transaction or a lease situation, it’s important to know the value of your property, and which home improvements will pay off. Here are some of the factors that affect a property’s value the most. Size. Square footage is the single biggest factor in determining … Read more