Posted on Tuesday, April 07, 2009
Nationwide, nearly 25 percent to 40 percent of condo conversions have gone back to rentals. Irvine real estate could be impacted by this shift. Property owners are unable to sell these converted condos and are welcoming back tenants. Rental prices are set to balance out as more conversions occur, but so far, prices have grown by 12-15 percent. Keep an eye out for conversions in Irvine.


Posted on Tuesday, April 07, 2009
Irvine real estate has gone to great lengths to implement paperless transactions. Buying or selling a house is much easier with a paperless system. Furthermore, it will speed up closings and save money. Going paperless is not as easy as it sounds since we have relied on paper for many years.

Making sure agreements are protected is one of the most difficult aspects about using an electronic system. Electronic signatures were legalized in 2000 but there is always the possibility of fraud. Although, electronic transactions are more secure with newly written legislature.

As this takes place, we will observe a better, more effective system.

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HJM Properties, Inc.
Irvine, CA 92603
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