What does HOI Mean? graphic

What Does HOI Mean in Real Estate?

HOI, or Housing Opportunity Index, measures the percentage of homes in an area affordable to the median-income family, crucial for assessing housing accessibility. Understanding HOI guides decisions for buyers, investors, and policymakers, offering a clear snapshot of housing affordability.

Read More »
Who Orders the Inspection? graphic

Who Orders the Inspection When Buying a Home?

In the homebuying process, the buyer typically orders and pays for a home inspection after the offer is accepted. Sellers in the inner San Francisco Bay Area often opt for a pre-listing inspection to address issues before listing. Buyers can negotiate a contingency to conduct their inspections.

Read More »
construction site scene in yellow on blue-green background with overlay text: prepaid cost.

What are Prepaid Costs When Buying a Home?

Prepaid costs, or ‘prepaids,’ in real estate refer to expenses paid in advance at the time of closing, including homeowners insurance premiums, property taxes, mortgage interest, and escrow account funding. It’s essential to distinguish prepaids from the down payment.

Read More »
What is RAL? graphic

What is RAL in Real Estate?

In the evolving landscape of real estate, specialized segments like Residential Assisted Living, play a crucial role. Residential Assisted Living is now commonly referred to as “senior housing” or simply “assisted living”. Most elders will face a decision of where to live in their later years.

Read More »
A disappearing pixelated-man attempts to approach home on desolate landscape with sun bearing down on him.

What is Scarcity in Real Estate?

Like any market, real estate is subject to the laws of supply and demand. But what role does scarcity play in this dynamic? In this article, we’ll explore how scarcity affects real estate prices and what it means for buyers and sellers.

Read More »
Woman pointing to the abbreviation "CTG" on purple background.

What Does CTG Mean in Real Estate?

CTG, or ‘contingent,’ in real estate signifies that a property has an accepted offer, but specific conditions or contingencies must be met, such as securing financing or selling an existing home, before the sale can proceed.

Read More »
Woman looking at her laptop with hand on chin, pondering the overlay text: what's COE.

What is COE in Real Estate?

COE, or Close of Escrow, is a critical term in real estate, signifying the official transfer of property ownership from seller to buyer upon meeting all contract terms and completing financial transactions.

Read More »
Oakland Lake Temescal Trail

Think About Housing as You Age

As we age, the desire to live independently in our own homes becomes increasingly important. A recent study found that 88% of 50-80-year-olds believe in the importance of staying in their homes for as long as safely possible.

Read More »