In this appeal arising from an action seeking ejectment and monetary damages, the court affirmed in part, reversed in part and remanded for any eviction proceedings that may be necessary. The court found that the special referee erred in determining Respondents owned an equitable interest in a property and reversed a finding of promissory estoppel… Continue Reading New SC Case Law
NAR released a summary of pending home sales data showing that February’s pending home sales pace was up 3.1 percent last month and down 4.1 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing Home Sales… Continue Reading February 2018 Pending Home Sales
In a monthly survey of REALTORS®, respondents are asked “Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” Respondents rate buyer traffic as “Stronger” (100), “Stable” (50), or “Weaker” (0) and the responses are compiled into a diffusion… Continue Reading REALTORS® Reported Stronger Buyer Traffic in February 2018 Amid Healthy Job Growth
By Melissa Dittmann Tracey, REALTOR® Magazine Outdoor lighting isn’t just for the holidays. You can illuminate your outdoor living areas anytime of year. Stringed bulbs are becoming a “hot” outdoor trend this year. These outdoor clear, vintage lights have big rounded bulbs that can really create a festive flair in a backyard. They’re reminiscent of the… Continue Reading Light it Up: Add a Party Vibe to Your Outdoor Staging
Existing-home sales and contract signings both experienced meaningful increases in February despite higher mortgage rates, rising home prices and subpar supply levels in much of the country. Visit https://www.nar.realtor/videos/housing-minute to watch a 60-second, animated video from the National Association of Realtors® summarizing how the housing market performed in February, as well as a look at… Continue Reading WATCH: Realtors® March Housing Minute
Home Buying, bath toys, FHA, privacy, ADUs, air quality, valuation, and models. Location is everything, but are you considering everything you should about a property when home buying? Rubber ducky, you’re the one…that’s causing infections. Pete G/flickr/2017 Facebook ad settings are called into question, even as we commemorate the 50th Anniversary of the Fair Housing… Continue Reading What We’re Reading: March 26-30
Hotline answer to listing agents calling with this problem. Listing agent has an ethical duty (NAR article 13) to recommend the seller obtain legal counsel asap. Legal counsel can discuss the earnest money dispute and potentially suing the buyer for breach of contract and re-marketing the property. Once the listing agent has made this recommendation… Continue Reading Listing Re-Market After Deal Fails to Close
Attach SCR391 to SCR310 for AS IS checkbox on the last page of SCR391 above signatures. SCR310 defines AS IS: see page 3 of 8 Parties agree AS IS means Buyer buys the Property for the Purchase Price while Seller maintains the Property from the Effective Date through Closing subject to normal wear and tear… Continue Reading AS IS
Lee Davenport By Lee Davenport Have you ever heard the saying, “If it’s not broke, don’t fix it”? Yet, have you noticed that you don’t know what you don’t know? Perhaps a method or strategy (or lack there of) is broken, yet because we don’t know it, we leave things as they are. Using the… Continue Reading Quiz: Is Your Follow-Up Broken?
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates dipped to 4.27 percent this January, down 2.5 percent compared to 4.38 percent a year ago. Housing affordability declined from a year ago in January moving the index down 1.1 percent from 164.8 to 163.0. The… Continue Reading January 2018 Housing Affordability Index