Don't have any contingencies if you are selling your home.

The most common seller contingency: Sale of this property is contingent upon seller finding home of choice.

This means the seller will accept a buyer’s offer, but if the seller can't find a home to buy, and close on that property, then they won't sell their home to the buyer.

Buyers, in general, view this as a big waste of time.

What if it takes months for the seller to find their home of choice?

What if in the end the seller’s inspection on the property they found doesn’t go well?

What if the seller's loan doesn't get approved?

Months could go by and it could all be a huge waste of time because the seller never ends up finding a new home, or they end up canceling escrow once they do find a home they like.

There are too many things that could go wrong.

Buyers would rather put an offer in on a home, get it accepted, start the traditional escrow process, and close escrow in 30 days.

If you want top dollar for your home, don't put in any contingencies.

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Episode 26 of The #AskDanielLosAngeles Show

On this episode, I answer the following four real estate questions:

1) Can a home seller have any contingencies to selling their home?

2) When will my property see the most action?

3) There is a offer deadline on a house I really like. Should I put in a offer right at the last minute?

4) What is a reason why a buyer would not be able to get a loan for my condo?

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This week's best new listing in Burbank

Welcome to the Burbank hills!

This beautiful home just hit the market and is move-in ready.

This property is definitely my favorite new listing of the week.

Off-market home in Studio City

This South of Ventura Blvd home is located in "The Donas".

Keep in mind the property is not officially on the market, but I can get you in.

Let me know if you are interested.

4610 Densmore Ave #9: Encino Condo, $499,99, Only 1 Showing, 6/15/19

See full video at DensmoreCondo.com.

We’re at 4610 Densmore Avenue in Encino just south of Ventura Blvd. I love this area!

It's one of those neighborhoods in Encino that really hasn’t changed over the years.

It’s upscale, it's safe, there’s great schools, and with all the new shops and restaurants on Ventura Blvd, it’s always a lot of fun.

This is one of my favorite 3 bedroom 2 ½ bath town house style condos on the market.

It's spacious, clean, and really bright.

There’s a beautiful kitchen with custom cabinets, large dining area, and I love that there’s no one living above you.

The unit has central AC and heat, skylights, the closets have great built-in drawers and cabinets, there’s balcony access, in-unit washer and dryer, and what’s really great is that pets are welcomed.

The complex is laid out very nicely. The pool, clubroom, and BBQ area are all next to each other. So it’s a great place for outdoor entertaining.

There are also 2 assigned parking spaces with secured access and a lot of overnight guest parking.

So if you're looking for a condo that’s in an upscale, safe, and fun neighborhood, at a really great value, this just might be the home for you.

Most expensive home to sell this week in LA

Asking Price: $25,000,000

Selling Price: $22,200,000

This property was last sold in 2012 for $3,550,000... it was vacant land at the time.

It's amazing to see what the investor did with the space.

Coming Soon to Encino

Coming Soon to Encino: 3 bed 2 1/2 bath town house style condo, South of Ventura Blvd., under $500K.

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What does "B.O.M." stand for?

Just because a home is back on the market or "BOM", that does not mean something is wrong with the home.

The buyer could have lost their job and can no longer get a loan to buy the property.

In that case the buyer would back out of the deal using their loan contingency.

It had nothing to do with the property and all to do with the buyer unable to secure financing.

"BOM" stands for "Back on Market"

Have you ever seen a house listing online and it says "BOM at no fault of seller"?

The "BOM" part of that sentence stands for "back on market".

So for this example, the listing agent is telling the public that the home is back on the market after being in escrow with another buyer and that the seller is not to blame for the home not being sold with that buyer.

I personally have never used "BOM" in any of my listing descriptions.

I don't assume the public understands what that stands for.

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Can trees be a problem for my home?

A judge has ordered a Sonoma, Calif., couple to pay nearly $600,000 for uprooting a nearly two-century-old oak tree from the property they bought.

The 180-year-old oak tree was protected under a conservation easement.

The Sonoma Land Trust, a nonprofit group, sued the couple for damaging the ancient tree as well as other surrounding vegetation that was protected under a conservation easement.

The couple purchased the 34-acre property that included the tree.

They attempted to move the tree and other vegetation to a place closer to their newly built ranch home within the property.

But the heritage tree did not survive the move.

Bob Neale, director of the Sonoma Land Trust Stewardship, said the couple was made aware of the conservation easement and the terms of it when they purchased the property.

The damage was discovered in 2014 and has been in legal proceedings.

A concerned neighbor first reported to the Sonoma Land Trust Stewardship that they saw heavy equipment and digging on the property.

Neale said he found more than 3,000 cubic yards of dirt and rock had been removed, and that the 180-year-old oak tree had been uprooted without permits for the work.

Sonoma County Superior Court Judge Patrick Broderick sided with the Sonoma Land Trust and wrote in his ruling that the land owners, Peter and Toni Thompson, “knowingly and intentionally” violated the conservation rules. They “demonstrated an arrogance and complete disregard for the mandatory terms of the easement,” he wrote.

Broderick ordered the couple to pay more than $586,000 in damages toward environmental restoration and other costs.

The couple reportedly plan to file a new lawsuit. They say the damage was not intentional.

“They went into this area because they appreciated the pastoral nature of it, the scenic beauty of it,” Richard Freeman, the couple’s attorney, told The Washington Post. “They wouldn’t have wanted to do anything that was going to cause harm, damage, or scar it.”

The couple has since listed the property, including the neighboring ranch, on the market for $8.45 million.

Source: USA Today and The Associated Press

Trees on your property can cause a lot of damage.

First, check for damages to the foundation of your home.

The roots can get in there and cause major cracks.

Second, check for damages to your sewer line.

If you have a tree next to your sewer line, you probably have root intrusion.

A simple hydro-jetting of the line will clear out those roots.

However, you could have extensive root intrusion, this could lead to a broken pipe that needs to be replaced.

A sewer inspector will send a camera through the line and let you know what issues your line has.

Do this inspection BEFORE you put your home on the market.

Get any issues fixed now because the buyer is going to do an inspection and make a whole big deal about it once they get the report back showing root intrusion.

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Inspection vs. Final Walkthrough

The contract also states that you have to leave your home for the buyer in "broom swept condition.”

So you don't have to hire a professional cleaner to clean up before the close of escrow, but you have to take all your junk out and make sure it's tidy.

I want to be your friend's real estate agent. What do I have to do to make that happen?

Your friend told you they were thinking of selling their home.

What do I have to do for you to refer me to that friend?

Let me know at 818-445-7953

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Inspections and a final walkthrough on your home are two very different things.

Inspections are done soon after you have accepted an offer on your home.

This is where the buyer will hire inspectors to tell them everything that is wrong at your property.

A final walkthrough is done within 5 days prior to closing escrow and officially selling your home.

This walkthrough is to make sure that your property is in the same conditiontion as to when the buyer originally submited their offer.

They want to make sure you have not had a wild party and put holes all over the walls!

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