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.
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.
Purchasing a home is not just about acquiring a place to live; it’s also a significant financial decision. Interestingly, buying a home can simultaneously achieve two key financial goals. Let’s explore what these are and their implications.
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.
Escrow and title are essential components of real estate transactions. Escrow involves a specialized bank account that securely holds transaction funds, while title refers to legal ownership of a property, ensuring it’s free from liens or disputes.
A professional pest inspection is crucial for protecting your property and your wallet. By identifying and addressing issues like termites, dry rot, and other pests early on, you can prevent severe structural damage and maintain a safe and healthy environment for years to come.
Imagine you’ve finally found the home that checks all the boxes on your wishlist. It has the right number of bedrooms, a great chef’s kitchen, and a backyard with fruit trees. But before you sign on the dotted line, there’s another step to take that ensures you’re making a sound investment -– a home inspection.
A Quick Guide to Help Get You Started Buying and Selling Rental Properties in the East Bay
