Sally Tornero, Sotheby's International Realty

SOLD! New golf course view listing! Click on the pic to watch the video! Call or text 909-455-3203 for more information!

My listing in Ontario had 23 offers! It will sell for 10's of thousands over the list price! Great interest rates and too few homes for sale have created a buying frenzy. It's a good time to sell! Call me if you need help navigating the market. 909-455-3203

City light's view home now available in Claremont! 4 bedrooms, 4 Bathrooms, 3,735 sqft est. Lot size 18,052. Safe Showings, Video and 3D Tours Available. Call or text 909.455.3203 or DM me for more information!

Buyers Waiving Contingencies AUGUST 3, 2020 The pandemic and high unemployment rate haven’t slowed the housing market. With homebuyers facing heightened competition this summer for a limited number of homes for sale, some have decided to try to gain an edge by waiving contingencies to make their offers more competitive. In June, Redfin reports that nearly 20% of successful offers submitted by its real estate professionals in select major U.S. markets waived the inspection con...tingency, compared to 13.2% during the same month in 2019. Further, 20.6% of winning offers waived the appraisal contingency, up from 17.4% a year ago. Homebuyers are waiving the contingencies to make their offers more attractive to home sellers. The inspection contingency allows the buyer to cancel a purchase or request repairs during the inspection period. The appraisal contingency allows buyers to cancel a deal or renegotiate the price if the appraisal comes back lower than the specified amount. Contingencies Offer Protection for Buyers Both inspection and appraisal contingencies are used in offers to protect homebuyers in a transaction. But with bidding wars on the rise recently, buyers are trying to make their offers more competitive. More than half (53.7%) of Redfin offers faced competition in June, according to the brokerage’s research. Mortgage rates, which fell below 3% for the first time ever in July, may be driving some demand. But buyers are facing tight inventories of homes. Today’s market remains tipped in favor of sellers as would-be spring buyers are shopping well into what would normally be summer vacation season, Danielle Hale, realtor.com’s chief economist, said in a recent report on realtor.com’s Weekly Recovery Report. Homebuyers, trying to take advantage of record low mortgage rates and make up for lost time, are finding limited and more expensive options, she added. Although sellers are slowly acclimating to this unexpected surge in buyer interest, inventory is still lagging behind demand, which is driving quick time on market and listing price growth on par with this time last summer. The situation is out of control in Los Angeles, said Lindsay Katz, a Redfin real estate professional in Los Angeles. I put a house on the market the other day and within about 24 hours I already had 42 showings booked. Katz says she recently sold a home listed at $685,000 to a buyer who triumphed over 11 other bidders by waiving the appraisal and inspection contingencies. The buyer also agreed to get their loan approved in 10 days and paid $770,000 for the home. Source: National Association of Realtors See more

City light's view home now available in Claremont! 4 bedrooms, 4 Bathrooms, 3,735 sqft est. Lot size 18,052. Safe Showings, Video and 3D Tours Available. Call or text 909.455.3203 or DM me for more information!

Santa Barbara Style View Home now available in Claremont! 4 bedrooms, 4 Bathrooms, 3,735 sqft est. Lot size 18,052. Safe Showings, Video and 3D Tours Available. Call or text 909.455.3203 or DM me for more information!

Santa Barbara Style View Home now available in Claremont! 4 bedrooms, 4 Bathrooms, 3,735 sqft est. Lot size 18,052. Safe Showings, Video and 3D Tours Available. Call or text 909.455.3203 or DM me for more information!

New Listing in Claraboya! This is a stunning Santa Barbara style home nestled in the foothills above Claremont with breathtaking views of the valley!

https://www.youtube.com/watch?v=f30Nho-XANc New Listing in Claraboya! This is a stunning Santa Barbara style home nestled in the foothills above Claremont with breathtaking views of the valley! Call or text Sally at (909) 455-3203 for more information and showings!

The health crisis the world is experiencing this year has been a challenge for all of us and my hope is that you and your loved ones are doing well. As we face an unprecedented time, staying connected is so important. I want you to know that I have moved my business online and will leverage technology to continue to serve you. I am using virtual tours, digital signing, and physical distancing in accordance with state and local guidelines. Please feel free to connect with me if you have any questions about how real estate is being bought and sold during COVID-19. Call or Text 909.455.3203, Email [email protected], Website sallytornero.com