Category Archives: Home Crisis

California Panel Addresses State’s Youth Homelessness

One of the issues that California faces is that many young people, especially young LGBT people, face homelessness. According to information presented before a panel hosted by the chairs of the California Senate Human Services Committee and the Assembly Human Services Committee, about a third of all homeless young people in the country are in California. Conservative estimates put that number at 12,000 or more, and around 40 percent of these homeless youth identify as part of the LGBT community.

California Panel Addresses State’s Youth HomelessnessAs many gay and lesbian real estate agents can tell you, housing prices in parts of California are incredibly high. Many neighborhoods in San Francisco, Los Angeles, and San Diego have housing prices that are much higher than the national average.

Of course, housing costs are only one thing that makes it difficult for those between 16 and 24 find and retain housing. Many young LGBT individuals are made homeless because they’re kicked out of their homes after coming out. Some of these people actually end up coming to California after losing their place to live in other states. Those who are moving from areas in the south or the Midwest, where the cost of living is much lower are often surprised at what it costs to rent even a very small apartment. They end up on the streets, unable to find work or a place to live.

The panel invited many of these young people and others who were once homeless to discuss the issues the state faces. Many believe that the state hasn’t dedicated sufficient resources to helping these individuals. With so many homeless people in the state, many see it as an issue that needs to be made more of a priority than it currently is.

The panel was held at the Los Angeles LGBT Center, a place where many homeless people come every day for help. The center offers assistance in finding low-income housing, jobs, and other resources. The center often works with local real estate agents and others in the housing market to find homes for those in need.

Many nonprofits have worked with real estate owners and agents in California to create low-income housing to assist LGBT seniors with finding affordable living. This has resulted in many seniors being able to live in a comfortable setting. One solution to the housing crisis many young people are facing may be something similar.

What does 2016 Have in Store for LGBT Home Buyers and Sellers?

Many gay and lesbian Realtors expect to see a good number of LGBT couples looking to buy a home now that they are legally married. However, you may want to take a look at what the market looks like before you do.  Here are a few trends experts are predicting will dominate the real estate market during the rest of 2016, but always do research on the local market before buying or selling.

The Market Will Normalize

2016 Has Quite a Few Things In Store for Homebuyers and SellersThe housing market has been up and down, as anyone who has bought or sold a house in the past 15 years has noticed.  Fortunately, experts are predicting that the housing market is actually going to go back to normal, or as normal as it ever gets.  This is great news for LGBT first-time homebuyers since it means lenders will be less afraid of making loans.  However, many also believe that interest rates are going to rise next year, especially in areas where home prices are already high.  Unfortunately, this will make gay neighborhoods like the Castro area of San Francisco, which is already difficult to afford, even more out of reach for many.

New Homes Will Be More Affordable!

If you’ve been looking for a new home, you may be very dismayed to find prices are fairly high.  That’s because builders have had to deal with higher costs and fewer skilled workers.  However, most experts believe that new homes will actually drop in price because many of the new homes that have been built over the last year haven’t sold.  This means that those new LGBT neighborhoods that have stalled out due to a lack of buyers may suddenly explode, plus new gayborhoods may spring up in some areas.  Definitely keep an eye on the costs of new houses in the area you want to move to because you may be surprised at how cheap they get.

Don’t Rent

Finally, Realtors are predicting that rent is going to continue to rise. 2015 saw many rental properties jump in price.  A large number of people now pay more than 30% of their income to rent.  Because the housing market is expected to normalize, mortgages are actually going to be cheaper than renting, making it the time to seriously reconsider your housing situation if you rent.

Anyone that is considering the market for the remainder of 2016, needs to think about what normal looks like in the area that they want to buy. Don’t worry about last year, take this year and make that perfect house your new home.

How to Recover From Buying a Dud

At the end of the day, real-estate is a business. And in every business there’s bound to be a few bad deals. Things like structural issues or faulty plumbing aren’t obvious to the average homebuyer, and some problems might even slip past your inspector.

Your Realtor Has the Responsibility of Helping You Buy a Safe Home, So Make Sure You Pick the Most Reputable Real Estate Agent You CanOwning an unfit house can make you feel helpless. You can’t sell it to anyone else because you could lose 30% or more of your investment (not to mention selling damaged houses are illegal) and you can’t fix it because it’s expensive and you might not have the money.

You don’t need to feel helpless as you have a few options. First, it’s critical to know how to find a good agent to keep yourself on the good side of the real estate market.

Preventative Tip: Always Use a Good Agent

Agents are your eyes and ears when buying a house. Therefore, it’s imperative that you put the time into finding a good one. Picking a realtor out of the Yellow Pages at random won’t work. Instead, work with realtors with experience and desire to find you the best house, as you will find at GayRealEstate.com.

Likewise, find your own inspector. If you can, find an inspector that isn’t recommended by the seller or the seller’s realtor. You can never over-inspect a house. Also make sure you attend the inspection to avoid any unscrupulous behavior.

Look at testimonials and past work history to ensure your realtor and inspector are the real deal so you don’t wind up with a house with severe preexisting problems.

However, if you’re one of the few who buys a home with severe preexisting problems, there are a few things you can do.

Determine the Severity of the Issues

The first step is determining the severity of the issues. If your house has minor plumbing or electrical issues, you’re still in pretty good shape. However, if the central support beam in your home is threatening to collapse, or your house is caked in asbestos, it’s imperative that you mobilize right away.

Get the house inspected again (multiple times if you have to) to get a true look into the situation.

See If the Seller or Inspector Knew About the Issues

If you can find a way to prove that the seller or the seller’s agent knew about the preexisting issues, you have leverage. They’ll have to pay for the damages in full. But if your problem is minor, you might just want to pay for it yourself. If it costs $5,000 in legal fees to get $3,000 of compensation it’s clearly not worth it.

If the damage is higher, you might have legal recourse against the home inspection company for negligence if it was inspected. Things like mold damage should be picked up during an inspection, and if your inspector didn’t catch it, it’s on them.

If you can prove that the seller knew about the issues, or the inspector neglected to tell you about the issues, then you have a case. Consult an attorney right away to see what your options are to make good on your investment!

Gay Real Estate on Gay Divorce, and Selling the Home

Once you have decided to sell your home, there are steps that need to be taken to get it on the market. The following will give you an idea of what is involved with gay divorce and selling the home.

imagesYou should get the house ready to show by making any necessary repairs, painting and generally making the home look nice and uncluttered both inside and out. This will help you get the best possible price for it when it sells. To avoid future conflict, it would be wise to prepare an agreement with each other that covers how the costs associated with selling the home will be paid and how the proceeds will be split once the home is sold.

You have the option of selling the home yourself, but hiring a real estate agent will save you a lot of stress. Selling your own home involves many steps including setting an appropriate selling price, preparing advertising materials, listing the home in various newspapers and other advertising venues, showing the home and holding open houses, learning which forms and documents that must be used according to your state’s laws, and finding out whether a lawyer must handle the closing. Laws related to real estate and gay marriage varies in each state and do affect the result of selling your home. Taking on the task of selling real estate yourself can quickly become almost a full-time job.

If you have decided to hire a real estate agent, you should contact a local gay / gay friendly agent that is familiar with LGBT issues. This will help avoid the possibility that you may be discriminated against and could help you avoid losing money on the sale. Gay / LGBT friendly agents keep up with the ever-changing same sex marriage laws that affect real estate and the sale of your home. The agent will help you arrive at a realistic listing price, list the home in the MLS, Multiple Listing Service, and may even have a potential buyer on his or her list that are looking for a home just like yours. Your agent will also handle showing your home to potential buyers and will arrange the closing. He or she will assist you and answer your questions throughout the entire process.

Once the home sells, you must pay the mortgage, any second mortgages and the agent’s fees from the proceeds. The funds that are left after expenses may then be divided between you as agreed.

Gay divorce and selling the home is a stressful undertaking. Hiring an gay / gay friendly real estate agent can help take much of that stress away ~ choose your perfect agent in a free on-line database at www.GayRealestate.com.

HouseLogic Offers Resources for Flood Preparedness

As Florida residents clean up in the aftermath of Tropical Storm Debby, many more Americans can anticipate flooding and damage during this year’s hurricane season. HouseLogic.com, the award-winning comprehensive Web site for home owners from the National Association of REALTORS®, offers valuable resources and information to help residents clean up after floods.

“The damage from natural disasters like floods and hurricanes not only affects individual families but also entire communities,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “As my fellow Floridians recover from the flooding that accompanied this latest storm, HouseLogic hopes to help homeowners across the country prepare and protect their homes and families throughout this hurricane season.”

Much of the country’s hurricane-related flooding typically occurs along the Atlantic and Gulf coasts. According to the NAR’s most recent data on existing-home sales, more than half of recent home purchases were in the Northeast and the South. Vacation home buyers are also attracted to those areas. According to NAR’s 2012 Investment and Vacation Home Survey, 42 percent of vacation homes purchased last year were in the South and 15 percent were in the Northeast. But flooding doesn’t just follow hurricanes, and it occurs in every part of the country due to events such as storms and rising rivers.

HouseLogic visitors can use the Flood Cleanup Guide for helpful articles like “What to Do in the First 24 Hours After a Flood,” “Flood Cleanup Kits Prepare You for High Tides,” and “Water Damage: 8 Ways to Dry Out and Move On.” The site also provides advice on how to determine what items might be salvageable.

For more information on home flood preparedness and tips on how to make smart decisions and take responsible actions to maintain, protect and enhance the value of your home, visit www.houselogic.com.

 

The author of this article is: realtormag.realtor.org/daily-news

 See the original post at: http://realtormag.realtor.org/daily-news/2012/06/29/houselogic-offers-resources-for-flood-preparedness

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

         Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

Posted on June 29, 2012 in Home Crisis

2 States Ask Obama for Help With Vacant Home Crisis

Sixteen Ohio and Michigan lawmakers have written President Barack Obama a letter, urging federal intervention in handling the swell of abandoned, vacant homes that are battering home prices in the states.

The bipartisan group of lawmakers are concerned that the vacant homes will attract crime and further deteriorate neighborhoods.

In the letter to Obama, the lawmakers said their local governments need “federal support to demolish the decaying properties on a large scale,” the Associated Press reports.

In Ohio, state officials estimate that more than 70,000 empty homes are beyond repair and need to be torn down. Congresswoman Marcia L. Fudge from Ohio said in a statement that 15,000 of those vacant homes are located in Cleveland alone, and will cost an estimated $100 million to tear down.

“Home owners are depending on us to help stop the free fall of their property values,” Fudge said in a statement. “It’s time we develop and pass meaningful legislation that promotes the revitalization of our neighborhoods.”

 

The author of this article is: realtormag.realtor.org

 See the original post at: http://realtormag.realtor.org/daily-news/2012/01/23/2-states-ask-obama-for-help-vacant-home-crisis

At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.

            Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.


If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at:
manager@gayrealestate.com

Posted on January 23, 2012 in Home Crisis