Should I be Concerned about Termites in my San Diego Home?
Steele San Diego Real Estate Blog
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3d ago
Termites are silent invaders that can cause significant damage to your home without you even noticing until it's too late. In a city like San Diego, where the climate is conducive to termite activity year-round, homeowners should be particularly vigilant. Here's everything you need to know about termites and what steps to take in order to protect your San Diego home ..read more
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Why Do Homes Tend to Sell for a Premium During the Summer?
Steele San Diego Real Estate Blog
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1w ago
Introduction - Setting the stage As temperatures rise and the days grow longer, there tends to be a shift in the real estate market. Homes seem to fly off the market at record speeds, often fetching prices well above their asking rates. This phenomenon begs the question: Why do homes tend to sell for a premium during the summer ..read more
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In Real Estate, What is an Escalation Clause?
Steele San Diego Real Estate Blog
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2w ago
An escalation clause is a provision that is sometimes included real estate contracts that allows a buyer to increase their offer if competing bids are received. This article explores the intricacies of escalation clauses, including their mechanics, pros and cons, strategies for use, legal considerations, alternatives, real-life scenarios, and tips for both buyers and sellers ..read more
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How Owning Real Estate Helps With Building Wealth
Steele San Diego Real Estate Blog
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3w ago
Real estate is a tangible asset with significant potential to building wealth. In today's economic landscape, understanding the role of real estate in wealth creation is crucial for individuals seeking financial stability and growth. In this article, we'll delve into how owning real estate can be a powerful tool in building and preserving wealth ..read more
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Real Estate Market Seasonality Explained
Steele San Diego Real Estate Blog
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1M ago
The real estate market is subject to many different influences and dynamics, and one significant aspect that often goes overlooked is seasonality. Understanding the patterns and fluctuations that occur throughout the year is crucial for both buyers and sellers to make informed decisions in the real estate market ..read more
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Home Improvements that Add the Most Value
Steele San Diego Real Estate Blog
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1M ago
In the world of real estate, enhancing the value of your property is often a top priority for homeowners and potential sellers. Whether you're looking to sell your home in the near future or simply aiming to increase its market worth, strategic home improvements can make a significant difference. In this post, we'll explore various home improvement projects that are not only beneficial for your living space but also add substantial value to your property ..read more
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Investing in Vacation Rentals: Pros, Cons, and Key Considerations
Steele San Diego Real Estate Blog
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1M ago
Vacation rentals, also known as second homes, holiday homes or short-term rentals, refer to properties rented out on a temporary basis to travelers or vacationers. With the rise of platforms like Airbnb and VRBO, investing in vacation rentals has become increasingly popular among real estate investors. This article explores the pros, cons, and key considerations associated with vacation rental investments ..read more
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Contingent Sale - How To Buy A Home While Also Selling
Steele San Diego Real Estate Blog
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1M ago
In the realm of real estate, a contingent sale is a strategic maneuver that allows homebuyers to purchase a new home while simultaneously selling their current one. This article delves into the intricacies of this process, offering insights into how both buyers and sellers can navigate it successfully ..read more
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How Interest Rates Affect Home Values
Steele San Diego Real Estate Blog
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2M ago
Introduction Interest rates are a fundamental aspect of the economy and  play a significant role in shaping various sectors, including real estate. Understanding the intricate relationship between interest rates and home values is crucial for homeowners, investors, and policymakers alike. In this post, we dive into the complexities through which interest rates influence the housing market and ultimately impact home values ..read more
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Real Estate Appraisal Contingency Explained
Steele San Diego Real Estate Blog
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2M ago
Real estate transactions are complex endeavors that involve numerous steps and contingencies to protect both buyers and sellers. Among these, the real estate appraisal contingency stands out as a crucial component, ensuring that the property's value aligns with the agreed-upon purchase price. In this article, we delve into the intricacies of real estate appraisal contingency, shedding light on its purpose, operation, and implications for both buyers and sellers ..read more
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