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Hamptons Home Prices Rise, Luxury Homes in Contract Spike
The source of actual estate listings for sale in the Hamptons fell to 450, dropping 8.1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} on April 1 month about month and is virtually 55{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} reduce than the same time past 12 months, earning this thirty day period the most significant calendar year over year drop in actual estate inventory since this data has been measured. The number of contracts signed outpaced the range of new listings introduced to the current market in all locations except Amagansett and H2o Mill, which experienced less listings sign contracts in March 2022 than in March 2021. All round, there were being 17.4{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} far more contracts signed in March 2022 than in…
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Is Your Home Improvement Contract Legal? – Real Estate and Construction
In an effort to protect homeowners, California has set out extensive requirements for the form and content of home improvement contracts. California Business and Professions Code Section 7159 sets out these requirements in painstaking, and sometimes pain-inducing, levels of detail. The unfortunate result for contractors tends to be confusion and avoidance. Many contractors operate with noncompliant contracts, or have no formal contract and simply operate on the basis of a bid submission. The consequences of doing so can include disciplinary action by the Contractors State License Board (CSLB), fines, and an unenforceable agreement. It is worth the time and effort for a contractor to bring his or her contracts into…
