Estate Planning – Page 9 – Find a Broker™

Boxabl Homes: A Modern Housing Option Worth Considering

When it comes to finding your next home, traditional options like single-family houses, condos, or townhomes aren’t the only choices anymore. For homebuyers and investors looking for affordability, flexibility, and innovation, Boxabl homes are creating quite a buzz—and for good reason.

Boxabl is a Las Vegas-based company shaking up the housing industry with its modular, foldable, factory-built homes. Their flagship model, the Casita, is a 375-square-foot unit that includes a full-size kitchen, bathroom, living area, and bedroom—all compact, functional, and beautifully designed. What makes it even more impressive? It arrives folded, fits on a standard trailer, and can be set up in less than an hour.

Why Consider a Boxabl Home?

1. Affordability:
With rising real estate prices, Boxabl offers a potential solution for budget-conscious buyers. The Casita is currently priced around $60,000, making it a compelling alternative to traditional starter homes or rentals.

2. Speed of Setup:
Because Boxabl homes are factory-built, they can be shipped and set up quickly—cutting down on construction time and weather-related delays.

3. Flexibility:
Whether you’re adding an accessory dwelling unit (ADU) for family, creating a rental income opportunity, or setting up a vacation retreat, Boxabl units offer endless placement options.

4. Sustainability:
Factory construction reduces waste, and the units are designed to be energy efficient—helping both the planet and your wallet.

5. Mobility:
Although not technically RVs, the portable nature of Boxabl homes means they can be relocated with more ease than a stick-built structure, ideal for those who prioritize lifestyle flexibility.

Things to Keep in Mind

Boxabl is a relatively new player in the housing space. Like any innovative startup, it has faced production delays and regulatory hurdles. It’s wise to research local zoning laws and permitting requirements before making a decision. While there’s a long waitlist, the company’s vision for mass production could soon make this innovative option more accessible.

Could This Be Right for You?

If you’re exploring options outside the conventional real estate path, a Boxabl home might be worth considering. Whether you’re downsizing, starting fresh, or looking for a creative housing solution, modular homes like the Casita could be a key piece of the future housing puzzle.

Have questions about how a Boxabl home might fit into your real estate plans? Let’s talk. I’d love to help you explore all your options—from traditional listings to modern solutions like this one.

https://www.boxabl.com/invest?utm_source=vsflax&utm_medium=googlebrandedsearch&utm_campaign=165302394655&utm_content=706247600320%20&utm_term=boxabl%20b&tnames=googlebrandedsearch902889821485311856165302394655boxablbc706247600320&gad_source=1&gclid=Cj0KCQjwh_i_BhCzARIsANimeoG3VvPvajNk6dt2wYiDVLsZ4KyoLUwgrNSe8f_Br1o_uzg8OgyqmskaAlWVEALw_wcB

If you’re considering a move or investment and require a trusted Real Estate Broker, we’re here to assist you. Contact us via email at TEAM@McDanielCallahan.com, complete the form below, or give us a call at 925-838-4300. We are ready to provide expert guidance and support for all your real estate needs. Terry McDaniel DRE License #00941526

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The Best Response Time to Give Sellers in a Real Estate Purchase Agreement

When submitting a real estate purchase agreement, one of the most crucial aspects of the offer is determining the response time you give the seller. This can significantly impact the outcome of your transaction and can influence both parties’ next steps. Understanding how to set a reasonable response time is important for both buyers and sellers, so let’s break it down.

What is a Response Time in Real Estate?

A response time in a real estate purchase agreement refers to the period in which a seller is expected to respond to the buyer’s offer. It is typically set by the buyer’s agent when submitting the purchase agreement to the seller. The response time can vary depending on the specific situation, but it gives the seller a set timeframe to review the offer and respond with one of the following:

Acceptance – The seller agrees to the terms of the offer without modification.
Counteroffer – The seller modifies the terms of the offer, typically concerning price, contingencies, or other terms.
Rejection – The seller declines the offer without any counteroffer.

What Is the Ideal Response Time?

The optimal response time will depend on various factors, such as the market conditions, the nature of the property, and the seller’s situation. Here are some general guidelines:

1. Standard Response Time (24 to 48 Hours)

In a standard transaction, a 24- to 48-hour response time is typically reasonable. This allows the seller enough time to review the offer, consult with their real estate agent, and make an informed decision. A shorter timeframe may create a sense of urgency but could also pressure the seller too much, while too long a period could lead to the offer becoming stale or the buyer losing interest in the property.

2. In a Seller’s Market (24 Hours)

In a seller’s market, where inventory is low and demand is high, sellers may be receiving multiple offers on their property. In this case, a 24-hour response time may be more appropriate. This allows the seller to quickly review and respond to the offer, helping avoid prolonged negotiations that could result in losing out on another interested buyer.

3. In a Buyer’s Market (48 to 72 Hours)

In a buyer’s market, where inventory is high and demand is lower, sellers have more time to negotiate. A 48- to 72-hour response time could give both the buyer and seller the necessary time to evaluate their options. Sellers may be more open to negotiating terms and are less likely to feel rushed into a decision.

4. For Time-Sensitive Situations (12 to 24 Hours)

If the buyer is in a time-sensitive situation, such as needing to close quickly for personal reasons (e.g., job relocation or financial constraints), you may choose a response time as short as 12 hours. This may prompt the seller to take action faster, but be mindful that the seller may require more time to make a decision if they have other offers on the table.

Why is Response Time Important?

Setting the Tone for Negotiations: A reasonable response time sets a professional tone and shows the seller that you’re serious. In addition, it demonstrates an understanding of the seller’s need to make a timely decision.
Avoiding Buyer Fatigue: If buyers have to wait too long for a response, it can cause frustration or even buyer’s remorse. A quick response can help maintain the buyer’s interest and motivation.
Minimizing Uncertainty: Sellers may receive multiple offers and don’t want to leave offers hanging for too long. A clear response time helps keep things moving.
Giving the Seller Time to Consider: While you want a timely decision, sellers must also have the time to review the offer and negotiate terms as necessary. Providing adequate time shows respect for the seller’s needs.

Choosing the right response time in a real estate purchase agreement can influence the likelihood of your offer being accepted. A 24- to 48-hour window is generally a good standard, but it can be adjusted based on market conditions, the seller’s situation, and your urgency as a buyer. Always discuss the ideal response time with your real estate agent to ensure you are setting expectations appropriately for all parties involved.

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Maximizing Your Home Search: Best Times to Look for New Listings

If you’re in the market for a new home, timing can make all the difference. Understanding when real estate listings are updated can help you stay ahead of the competition and find the home of your dreams. Whether you’re a first-time buyer or looking for your next property, here’s a breakdown of the best times to search for new listings.

Thursday and Friday: Prime Listing Days

One of the most common days for new real estate listings to go live is Thursday and Friday. Many agents strategically list new properties on these days to maximize their visibility. By doing so, they ensure their listings are seen by prospective buyers who are planning to tour homes over the weekend.

In many cases, listings go live around 5:00 PM. Why the evening? Many buyers take time after work and before dinner to browse listings, making this the perfect time for agents to showcase their new properties to potential buyers who are actively searching.

Tuesday at 8:00 PM: The Digital Prime Time

If you’re an online home shopper, you’ll want to keep in mind that Tuesday at 8:00 PM is one of the busiest times for online home searches. According to a study by Redfin.com, this is the most popular time of the week when buyers are browsing listings. If you’re looking for fresh updates, this could be a great time to get online and search for any new listings that may have hit the market that evening.

Spring: The Best Season for Listings

The spring months, particularly from April to June, are the most active times for new listings in real estate. The warmer weather encourages more people to move, and many sellers wait until spring to list their homes. For buyers, this time period offers the largest selection of properties, but also more competition. So if you’re in the market during these months, be ready to act fast when you find the right fit!

Tips for Staying Ahead

Set Alerts: Sign up for listing alerts on your favorite real estate sites to be notified immediately when new properties hit the market.
Be Ready to Act Fast: With the rush of new listings, you’ll need to act quickly when you find a home you’re interested in. Work with your real estate agent to stay ahead of the game.
Use the Right Tools: Many real estate platforms allow you to filter listings by date, making it easier to find the freshest properties.

Knowing the best times to search for homes can give you an edge in a competitive market. By taking advantage of prime listing times and staying informed, you’ll be well-positioned to find your perfect home.

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Should You Add On or Move? Pros and Cons of Creating More Space

At some point, many homeowners face the big question: “Do we stay and add on, or do we move to something bigger?” Whether your family is growing, your needs are changing, or you’re simply craving more room, it’s a big decision. Both options come with benefits and challenges—here’s a breakdown to help you weigh the pros and cons.

🏡 Option 1: Adding On to Your Current Home

✅ Pros:

Stay in the neighborhood you love: You don’t have to leave the schools, shops, and neighbors you’ve grown fond of.
Customize to your needs: You can design the addition exactly how you want it—whether it’s an extra bedroom, office, or sunroom.
Avoid the hassle of moving: No boxes, no showings, and no address changes.

❌ Cons:

Construction stress: Living in a home under renovation can be loud, dusty, and disruptive.
Zoning and permits: Depending on your location, you may face restrictions or a long approval process.
Cost surprises: Renovations often come with unexpected expenses and timeline delays.

🏠 Option 2: Moving to a New Home

✅ Pros:

Immediate space and upgrades: You can move into a home that already meets your needs, no construction required.
Potential lifestyle improvement: Maybe it’s a better commute, a quieter street, or a bigger backyard.
Financial opportunities: Selling your current home in a strong market could give you leverage in your next purchase.

❌ Cons:

The emotional toll of leaving: It can be hard to say goodbye to a home filled with memories.
Logistics and costs: Hiring movers, paying agent commissions, closing costs—it all adds up.
Uncertainty: You may not find your dream home right away or may face competition in a tight market.

💭 How to Decide

Ask yourself:

Do you love your current location?
Can your home physically handle an addition?
Is the cost of renovation worth it compared to moving?
Are you ready emotionally and financially for a move?

Talking to a trusted real estate professional can help you evaluate your home’s current value, potential for growth, and what’s available in your desired market.

Whether you renovate or relocate, the key is finding what works best for your lifestyle, finances, and long-term plans. There’s no one-size-fits-all answer—just the right choice for you.

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Understanding Your Market: What Active and Pending Listings Reveal

When analyzing the real estate market, one of the most valuable indicators is the relationship between active listings (homes for sale) and pending listings (homes under contract but not yet closed). By paying attention to these numbers, buyers and sellers can gain insight into market conditions, competition, and pricing trends.

1. A Balanced Market

A market is considered balanced when the number of active listings and pending listings are relatively even. This means homes are selling at a steady pace, giving both buyers and sellers a fair advantage. In this type of market:

Homes are selling at or near their list prices.
Buyers have options but must still act quickly on well-priced homes.
Sellers can expect reasonable time frames for their homes to go under contract.

2. A Buyer’s Market

When the number of active listings is significantly higher than the number of pending listings, it indicates a buyer’s market. This happens when there are more homes available than there are buyers actively making offers. In a buyer’s market:

Homes may sit on the market longer.
Sellers might have to lower prices or offer incentives to attract buyers.
Buyers have more negotiating power and may be able to secure better deals.

3. A Seller’s Market

If the number of pending listings is close to or even greater than the number of active listings, the market favors sellers. This suggests that demand is high, and homes are selling quickly. In a seller’s market:

Homes may receive multiple offers and sell above asking price.
Buyers need to act fast and may need to make competitive offers.
Sellers have the upper hand in negotiations.

4. How to Use This Data in Your Strategy

Whether you’re a buyer, seller, or real estate professional, monitoring the ratio of active to pending listings can guide your decisions.

Sellers should price competitively based on demand and consider the average time homes spend on the market.
Buyers should prepare for competition in a hot market or leverage negotiations in a slower one.
Agents can use this data to educate clients, adjust marketing strategies, and set realistic expectations.

By regularly tracking these numbers, you can stay ahead of market trends and make more informed real estate decisions.

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Understanding Section One Termite Work in Real Estate

When buying or selling a home, one crucial inspection that often comes up is the termite inspection. In many real estate transactions, especially in states like California, the results of this inspection can impact the sale. One key term that buyers and sellers should be aware of is “Section One Termite Work.” But what does it mean, and why is it important?

What Is Section One Termite Work?

Section One termite work refers to active infestations, damage, or conditions that require immediate attention to prevent further structural harm. This includes:

Live termites (subterranean or drywood)
Wood rot and fungus damage
Wood-to-earth contact (which can attract termites)
Tunnels or shelter tubes created by termites
Dry rot caused by moisture issues

These issues must typically be repaired before a lender will approve financing, especially for FHA and VA loans.

How Is It Different from Section Two?

While Section One covers current infestations and damage, Section Two refers to conditions that could lead to future termite problems—such as excessive moisture, poor drainage, or wood stored near the home. These are not required to be repaired before the sale but are often recommended as preventive measures.

Who Pays for Section One Repairs?

Responsibility for Section One repairs is negotiable in a real estate transaction. In competitive markets, sellers often agree to cover these costs to keep the deal moving. However, in a strong seller’s market, buyers may be expected to handle repairs themselves after closing.

For VA loans, the seller must cover Section One repairs as part of the loan requirements.

Why It Matters

Ignoring Section One termite work can lead to:
✔️ Delayed or canceled transactions
✔️ Structural damage that worsens over time
✔️ Additional costly repairs down the road

For buyers, reviewing the termite inspection report and negotiating repairs before closing is crucial. For sellers, addressing these issues early can help avoid last-minute surprises that could derail a sale.

Whether you’re buying or selling, understanding Section One termite work ensures a smoother, more informed transaction. Have questions? Contact a trusted real estate professional to guide you through the process! 🚪🔑🐜

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How to Tour an Open House Without Your Agent: 5 Tips

Attending an open house without your real estate agent can be an efficient way to explore potential homes on your own schedule. However, it’s important to navigate the visit strategically to protect your interests and maximize your experience. Here are five essential tips to help you make the most of your solo open house tour.

1. Share Your Agent’s Information with the Hosting Agent

The seller’s agent will be present at the open house, guiding visitors and answering questions. If you’re already working with a real estate agent, introduce yourself and provide their contact information. This ensures that any follow-ups, questions, or negotiations will go through your agent, keeping the process professional and structured. The hosting agent can also relay information to your agent, such as your level of interest in the property.

2. Be Mindful of What You Share

While it’s okay to show interest in the property, avoid giving away details that could impact future negotiations. Refrain from discussing your budget, why you’re moving, or how quickly you need to buy. Any personal information you share could influence the seller’s agent and weaken your bargaining position later.

3. Ask Property-Specific Questions

Your agent can always follow up with the seller later, but if you have immediate concerns, don’t hesitate to ask the listing agent during the tour. Questions about the roof’s age, recent renovations, or maintenance history can provide valuable insights. Gathering this information upfront can help you make a more informed decision.

4. Take Notes on What You Like and Why

As you tour multiple homes, it can be easy to forget details. Keep track of features you love, aspects you dislike, and any concerns you have. This will help refine your home search criteria and make comparisons easier when discussing options with your agent later.

5. Capture Photos or Videos (With Permission)

If permitted, take photos or record short videos to help jog your memory after the visit. This can be especially useful if you have questions about the home’s condition, such as potential foundation issues or signs of pest problems. Visual references can also help your agent understand your preferences and concerns more clearly.

Touring an open house without your agent doesn’t mean you’re on your own. By handling the visit strategically—sharing your agent’s info, asking smart questions, and keeping detailed notes—you can gather valuable insights while protecting your negotiation power. Once you reconnect with your agent, you’ll have plenty of useful feedback to refine your home search and move closer to finding the perfect property.

https://www.redfin.com/blog/attend-open-house-without-real-estate-agent/

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Should Sellers Set an Offer Deadline? Here’s What You Need to Know

In a competitive real estate market, setting an offer deadline is a common strategy that many sellers and their agents use to maximize the sale price of a home. But is it the right approach for you?

Why Set an Offer Deadline?

When a home hits the market, it can generate a lot of interest—sometimes even before the first open house. If offers start coming in early, it might be tempting to accept the best one right away. However, many real estate agents recommend waiting until after a big open house or through the weekend before responding. Here’s why:

More Competition, Higher Offers – An offer deadline creates a sense of urgency and competition among buyers, often leading to stronger offers.
Time to Evaluate Buyers – It allows you and your agent to carefully review all offers, verify financing, and assess which buyers are the strongest.
Better Negotiation Power – With multiple offers in hand, you can strategically counteroffer to maximize your sale price and terms.

How to Set an Offer Deadline the Right Way

Work With Your Agent – Discuss market conditions and whether a deadline makes sense for your home.
Communicate Clearly – Your agent should notify all interested buyers and their agents about the deadline to ensure transparency.
Review All Offers Fairly – Don’t just focus on price; consider contingencies, financing, and closing timelines.

Is an Offer Deadline Always the Best Strategy?

While a deadline can work well in a hot market, it may not be ideal if buyer interest is low. In some cases, responding to a strong early offer might be the best move. Your real estate agent can help you decide the right approach based on demand and your selling goals.

If you’re thinking about selling your home, reach out to a trusted real estate professional to discuss whether an offer deadline could work in your favor!

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The Difference Between Realtor MLS Listings and Online Listings: What You Need to Know

When you’re looking to buy or sell a property, you’ve probably come across listings on various websites like Zillow, Realtor.com, or Redfin. But have you ever wondered how those listings compare to the ones your real estate agent pulls up from the Multiple Listing Service (MLS)? Understanding the key differences between Realtor MLS listings and online listings is crucial to navigating the real estate market effectively.

What is the MLS?

The Multiple Listing Service (MLS) is a private database that only licensed real estate agents and brokers can access. It’s a tool that realtors use to share listings with one another, providing detailed and up-to-date information about properties for sale. The MLS is the go-to source for professional agents when it comes to listing properties, and it’s where most buyers’ agents begin their search for properties that meet their clients’ needs.

Realtor MLS Listings: A Professional’s Tool

Exclusivity and Access
The MLS is reserved for licensed real estate professionals, meaning it’s not something the general public can freely access. When you’re working with a real estate agent, they’ll use the MLS to find properties that meet your criteria and share them with you. Realtors also use the MLS to market properties to other agents, which expands the reach of the listing within the professional network.
Timely Updates
One of the biggest advantages of MLS listings is that they are updated in real-time. This means that when a property price changes, when a new listing hits the market, or when a property is sold, it shows up immediately in the MLS. As a result, buyers and agents have access to the most accurate and up-to-date information available.
Detailed Information
MLS listings tend to provide a lot more in-depth details than public websites. In addition to basic features like square footage and the number of bedrooms, MLS listings often include property history (price changes, previous sales), agent remarks, and even specialized data such as zoning and inspection results. This can give both buyers and sellers a more thorough understanding of a property.
Reliability and Accuracy
Because the MLS is primarily used by real estate professionals, the listings are generally very accurate and reliable. Agents are responsible for making sure that the data they input is correct, which means fewer errors and outdated information.

Listings on the Internet: Publicly Accessible, but Not Always Up-to-Date

While MLS listings are available only to real estate professionals, property listings on websites like Zillow, Realtor.com, and Redfin are accessible to anyone, whether you’re a buyer, seller, or just browsing. These sites pull data from the MLS, but they also allow individual sellers (through “For Sale by Owner” listings) to post their properties without the involvement of a real estate agent.

Wide Reach
One of the biggest advantages of online property listings is their accessibility. Anyone with an internet connection can visit these websites, making them an excellent resource for buyers who want to browse properties independently. Sellers can also take advantage of these sites to reach a wider audience, including those who may not be working with a real estate agent.
Potential for Delays and Outdated Information
While these websites pull most of their data from the MLS, the updates may not happen as quickly as they do on the MLS. There can sometimes be a delay between when a property sells, gets a price change, or is no longer available. Additionally, listings that are marked as “pending” or “sold” on public websites may still be shown as available because the data hasn’t been updated yet.
Less Detailed Information
Online listings typically provide less information than MLS listings. For example, seller’s notes or remarks about the property might not be included, and certain data (like neighborhood demographics, school ratings, or zoning) might be missing. As a result, you may not have the complete picture when browsing properties online.
For Sale By Owner (FSBO) Listings
Websites like Zillow and Redfin also allow homeowners to list their properties for sale without using a real estate agent. These “For Sale By Owner” listings can be great for buyers looking to bypass the agent, but they might lack some of the detailed information provided by a licensed agent’s MLS listing. FSBO properties may also not always be as accurately represented, so buyers should be cautious.

So, What’s the Bottom Line?

When it comes to buying or selling a home, both Realtor MLS listings and online listings have their place. MLS listings are a crucial tool for real estate professionals, offering the most accurate, up-to-date, and detailed property information. On the other hand, online listings give the public easy access to homes for sale, providing a broad overview that can spark interest or serve as a starting point for a deeper search.

Key Takeaways:

MLS Listings: Exclusive, accurate, detailed, and updated in real-time for real estate professionals.
Online Listings: Publicly accessible, easy to browse, but may have delays and less detailed data.

Whether you’re looking for a home or preparing to sell, knowing the differences between these two types of listings can help you make more informed decisions and better navigate the real estate market.

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The Best Way to Shake Off a Pulled Offer on Your Home

Selling a home can be an emotional rollercoaster. The excitement of receiving an offer, the anticipation of closing, and the relief of finalizing everything can be overwhelming. But when that offer is suddenly pulled, it can feel like a punch to the gut. It’s frustrating, and it’s natural to feel disheartened. However, it’s important to remember that this is part of the process, and there are effective ways to handle the situation and keep moving forward.

1. Take a Moment to Process Your Emotions

It’s perfectly okay to feel disappointed or frustrated when an offer falls through. Take some time to process your emotions, but avoid letting those feelings take over your decision-making process. This is a challenging moment, but it’s not the end of the world. Take a deep breath and give yourself permission to step back and gather your thoughts before jumping back into action.

2. Analyze What Went Wrong

If an offer was pulled, it’s important to understand why. Was it because of a financing issue, an inspection problem, or did the buyers simply change their mind? Talk with your real estate agent to get clarity on the reason. Understanding the situation can give you insight into what changes, if any, need to be made in your approach moving forward.

If the issue was something like a low appraisal or a failed inspection, it could be that your price needs adjusting, or you may want to make some repairs. If the buyers had a change of heart, it might just be a matter of waiting for the right offer.

3. Reevaluate Your Home’s Listing Price

If you’ve had a pulled offer, it might be time to reassess your listing price. Take a fresh look at comparable homes in your area. Have home values shifted since you listed? Is your home priced in line with similar properties? It’s crucial to be realistic with your pricing to avoid future disappointments.

If your home was previously overvalued, reducing the price could attract more serious buyers. If the price is already competitive, keep in mind that the right buyer may just need more time to find you.

4. Tidy Up and Improve Curb Appeal

Sometimes, when offers fall through, sellers overlook the importance of presentation. Take a step back and look at your home as if you were a buyer. Are there small fixes that could make a big difference? Simple things like freshening up the front yard, painting a front door, or cleaning windows can improve curb appeal and draw more attention from prospective buyers.

It’s also a good time to reassess the interior. Ensure your home is staged in a way that helps buyers visualize themselves living there. Fresh paint, decluttering, or rearranging furniture might help.

5. Stay Positive and Be Ready for the Next Opportunity

While a pulled offer is disheartening, it’s important to stay positive. Keep in mind that the market is always in motion, and another buyer may be just around the corner. The best way to shake off the disappointment is to keep the momentum going.

Stay engaged with your agent, and keep your home available for showings. Don’t let the setback derail your efforts. Each day brings a new opportunity, and the right buyer is out there.

6. Stay Flexible and Open to Negotiation

If you’ve received an offer before and had it pulled, it might mean the buyers were looking for something more specific. When the next offer comes in, be open to negotiation. Being flexible with terms, timelines, or minor repairs can go a long way in keeping a potential deal alive. The more you’re willing to work with buyers, the higher the chances of closing the deal successfully.

7. Reach Out for Support

Selling a home can feel like a lonely journey at times, especially when things don’t go as planned. Reach out to friends, family, or your real estate agent for support. They can offer encouragement and help keep things in perspective. Having a support system can help you stay focused on your goals and get back in the game after a setback.

Keep Moving Forward

A pulled offer on your home doesn’t signal the end of your sale. It’s a setback, yes, but it’s also a learning experience. By evaluating the situation, adjusting your approach, and staying proactive, you can get back on track and turn the next offer into a successful sale.

Real estate is all about timing, patience, and perseverance. If you stay positive, flexible, and ready for the next opportunity, your home will eventually find the right buyer.

Keep your head up—you’re on the right path. And remember, the next offer could be the one that gets you to the finish line!

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