About Santa Monica Canyon, North of Wilshire and North of Montana Real Estate Market
Our market is strong. We have enjoyed healthy appreciation. We anticipate a leveling-off of the rise in prices. There are neighborhoods that appeal to just about everyone. Our market remains strong in part, because of our diverse economy. As a Santa Monica homeowner, myself, I am confident that it remains one of the most effective investments I can make. The over $2,000,000 properties will probably level or even soften a bit in price. We expect the $350,000 to $999,000 properties to level or continue to appreciate slightly in the new year. The $1,000,000 to $1,999,999 range is expect to remain level.
Disclosure Laws >Potential Problems
Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".
Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.
Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.
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| Q |
How can you give your home the equivalent of sunglasses?
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| A |
Install low "E" squared glass filters sunlight, saves on energy costs and prevents fading of furniture, drapes and carpets. |
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