Tech billionaire Elon Musk is selling his San Francisco home for $37.5m... The 16,000 sq.ft. estate features a 100-year old mansion with grand gardens and stunning views of the Bay.
Every Thursday we are tracking the three T’s - Trust-Busting, Taxes, and Tapering; biggest risks to the economy and capital markets.
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Each week we're looking for a California real estate market that's heating upppp - and this week's one might actually surprise you!
Here are some things to keep an eye on when looking for a new home that could save you a lot of trouble -or money- down the line.
The Equal Credit Opportunity Act mandates that banks, lending institutions, and any party involved in providing credit cannot discriminate based on age, marital status, sex, color, race, national origin, or receipt of public assistance. Find out how it applies to you and what your rights are under the ECOA act.
We cannot tear our eyes away from these incredibly inspiring interior design TikTok accounts, and soon, you won't be able to either.
To ensure that the buyer (and lender) is paying a fair amount for the home, buyers insert an appraisal contingency, which allows the buyer the ability to walk away from the purchase without penalty if the appraisal returns a value lower than a set value (usually the purchase price). Aside from walking away, the buyer can renegotiate for a lower price with the seller, request that their lender make an exception, and approve their loan as if the property had appraised to match the purchase price or make up the difference between the purchase price and appraised value via their own funds. In most cases, if the buyer makes use of the appraisal contingency to walk away, they are likely to receive a complete refund of their earnest money. However, buyers must be cautious and include this in the contract to avoid problems at a later stage.
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