Buying/Selling a Home with Virtual Reality

 

vr

This technology is expected to transform the real estate industry and, some say, make house-hunting more efficient. It can help to reduce the stress of relocating to a new city or buying from abroad and also allow buyers to visualize properties in development.

What is now available to consumers and growing more popular is the 3D walk-through. This is an updated version of the panoramic camera shots that were all the rage a decade ago. There’s no headset. Users move their mouse or arrow keys from their computer keyboards and devices to navigate through rooms and zoom in on apartment features. Halstead has 3D walk-throughs available for 30 listings, including one on Cornelia Street in the West Village, but its goal is to get its entire inventory online. Mr. Leone said that people stay on a page with a 3D walk-through 10 times longer than those without.

read more at: http://www.nytimes.com/2016/02/14/realestate/virtual-reality-to-sell-homes.html?ref=realestate&_r=0

 

San Diego -January Home Prices Dip

Home prices took their usual dip in January but San Diego County’s median is still nearly 7 percent higher than it was last year at this time, real estate firm CoreLogic reported Tuesday.

The median home price hit $462,750 last month, CoreLogic said. From December to January, county home prices dropped 2.6 percent.

Sales were down in all categories. There were 2,216 resale home sales in December and just 1,480 in January. Condo sales were down 35 percent and newly built homes were down 49 percent.

December and January sales are always slow down because sellers take homes off the market for the holidays. In January 2015, sales dipped 1.6 percent from December. In January 2014, sales dropped 3.7 percent from the previous month.

read more at: http://www.sandiegouniontribune.com/news/2016/feb/16/corelogic-home-sales-jan/

disclaimer: for information and entertainment purposes only

New Laws for Renters, Homeowners and landlords

Renters and homeowners have a host of new laws to protect them in 2016, which means more work for landlords and real estate agents.

Nearly 400 real estate workers gathered Tuesday at the Town & Country Resort and Convention Center to hear the latest federal and state rules.

Gov Hutchinson, assistant general counsel for the California Association of Realtors, explained the laws to a crowd of real estate agents, mortgage consultants and landlords. The event was put on by the Greater San Diego Association of Realtors.

Mold (SB 655)

Hutchinson said mold is now a factor in declaring a property unfit for a renter. A landlord could even face misdemeanor criminal penalties if mold is not cleared out.

However, he said a health officer actually has to come out to a property to declare it uninhabitable because of mold. A renter will not be successful in court, he said, unless a health official says the unit poses a risk.

read more at: http://www.sandiegouniontribune.com/news/2016/feb/09/new-real-estate-laws-2016/

Disclaimer: for information and entertainment purposes only