The most challenging part of the real estate market in California today is the lack of inventory. Most residential real estate transactions are involving multiple offers, which is pushing home prices higher than their list prices. In addition, houses are being snatched up within days of being placed on the market.
The housing market in California and other parts of the U.S. is constantly changing. Thus, a homeowner who wants to sell might end up facing a seller's market, characterized by bidding wars and increasing prices. The homeowner might also face a buyer's market, in which there are several home choices and, thus, lower prices. A few tips may help people to successfully sell residential real estate in the Golden State.
In a past post, we discussed how it is sometimes possible to ask another business not to compete with a business-to-business non-compete agreement. These agreements are especially common in two scenarios:
Generally when we think about non-compete agreements, we think of contracts that companies have employees sign, promising that the employee won't steal confidential information or directly compete with the company for a certain length of time after leaving.
The price tag of commercial property in the US, including in Southern California, has been on the rise in recent years. However, the price might be leveling off now in commercial real estate transactions. In fact, the price of commercial real estate is predicted to possibly even decline in the next few years.
Real estate transactions are a constant source of disputes as they involve significant investments and ever-changing market conditions.
When it comes to buying and selling houses, the state of California is one of the hottest markets in the United States. Throughout the country, the asking prices for residential real estate properties reached record highs during the month of May. In addition, houses have been zooming off of the market more quickly than they have at other times since the beginning of the housing recovery.
Buying property in Southern California appears to be promising for investors today. This is true for investors who are specifically interested in flipping houses in the residential real estate market. It is also true for those interested in commercial real estate.