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Dana Point Real Estate Contract Options


Less common types of agreements include what is known as a “One Time Show,” and “Exclusive Agency,” and an “Open Listing” agreement. The One -Time Show and the Open Listing are similar and are often used by homeowners who wish to sell their Dana Point real estate on their own but will agree to pay a commission to an agent who brings a qualified buyer for the home. A Dana Point homeowner may agree to an Open Listing with several agents and also agree to a One-Time Show to any agent who has an interested buyer.

Dana Point Disclosure Rule


Tell All is definitely the rule for anyone who is selling Dana Point real estate in today’s market. Let the Buyer Beware can easily come back and bite you in a delicate spot—your pocketbook.

Today, those selling a home or any Dana Point are expected to disclose all known material defects that are not readily apparent to the buyer. A Material Defect is usually a physical condition that would affect a buyer’s decision to purchase the home or what price to pay for the home. A leaky roof is definitely a Material Defect. If a Dana Point seller tries to disguise the leak by painting the interior ceiling and walls without fixing the leak, the truth will come out the next time it rains. Chances are the first call the buyer makes will be to his attorney.

Dana Point Real Estate Title Insurance


Buyers in the Dana Point market can be tempted to save money by foregoing a title search but the risks are heavy because title problems are many and varied. Some typical problems that title searches have uncovered include a second mortgage on a home that does not appear to have been paid off. The sellers borrowed money years ago from a parent who insisted that a second mortgage be recorded. The loan was repaid but the title wasn’t cleared. Another typical Dana Point problem occurs when an owner had work done on the property but for one reason or another failed to pay the contractor in full. The contractor filed a mechanic’s lien on the property and it has never been removed. These are liens on the property and if you take title to a property without clearing these liens or encumbrances, you may be responsible them.


Bitten by the Dana Point Home Improvement Bug?


Maybe, like millions of Americans, you can’t help it! You live in your Dana Point home for several years and before you know it, you find yourself thinking about how the kitchen would look with new cabinets and a granite countertop. Should you start with the kitchen or would it be better to add a home office to give the family a little more room? There seems to be endless options for the creative Dana Point homeowner bitten by the Home Improvement Bug. Once you get started thinking along these lines, it usually doesn’t take long before the ultimate question pops up. Is it better to improve your current home or simply sell and buy a bigger, newer or more desirable Area home? Here are some issues to help you make that all-important decision.


Buying a Dana Point Fixer-Upper


This, of course, depends on the condition of the Dana Point home and the estimated cost of the repairs you must make. Dana Point real estate in a good neighborhood that is priced about 25% lower than others that are in good shape may be a good deal if it simply needs cosmetic or minor structural repairs. If the house is a gut job, that is the entire inside will be torn out and rebuilt the 25% rule may work and may not so estimate your costs as closely as possible.

Shopping by neighborhood makes good sense when considering the purchase of a fixer upper. As a buyer, the more you know about the Dana Point homes in a particular area the better able you are when it comes time to judge whether or not a home your are considering meets the financial parameters you are looking for.


Dana Point BENEFITS


A benefit is an advantage or something that promotes or enhances well-being. A Dana Point benefit might be its location, its home styles, its diversity and/or its proximity to major highways, employment, education and shopping. Whether or not any of these factors are or are not a benefit depends entirely on the point of view of the potential buyer. For example, being close to a major airport might be important for someone who flies a lot and an annoyance to someone who never flies and dislikes the noise of airplanes flying overhead.