I’ve been very blessed with getting 2 Buyers into their 1st homes and helping an investor on a flip property! I love when all the work comes together!
I’m busy wrapping up lots of work before I head to Indian Wells next week. And, man, is there a ton!
They’ve started highlighting some of the subjects we’ll be talking about and they’re all very worth conversations. First off, California is trying to make their own tax credit so when the Federal Government’s Tax Credit Expires, we’d want one in place that’s similar.
Also, we’ll be looking at getting a statewide standard for property maintenance. Some cities are really good about taking care of their code violations and some aren’t. We’d like to see something that isn’t so spotty.
We’re also going to be voting on something for the HOAs. Right now when and HOA wants to change the rules, it just has to be a majority vote. We would like to see a 2/3 vote. This protects the HOA that someone purchases in from major changes without major agreement.
We’re also expecting some new news from Fannie and Freddie regarding the process and what we can expect for the future.
And, one that’s close to my heart, the editing of the Purchase Contract. With as many Short Sales and REOs that our Buyers are writing offers on, we need to make sure that we’re protecting them in every way we can. Also, one of the changes would address the issue of technology that is hanging on the wall. Per the Contract now, anything attached to the home is included in the sale unless expressly written otherwise. How many times do you think that someone doesn’t even think about writing that their TV is coming with them? All the time!
I’ll update ya’ll when I get back from the CAR Meetings in Indian Wells with lots of information!
And, stay tuned for YPN events that are coming up… they’re going to be great!