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Los Angeles real estate Blog

Santa Monica real estate market September 2018

How is the Santa Monica Real Estate Market? | September 2018

Let’s check in on the Santa Monica real estate market for September 2018 and compare it to the same period in 2017. The number of homes sold in September compared with the same month in 2017 dropped in both categories.   Inventory of single family homes increased by 18%, but available condos increased by almost 50%.   The median price for single family homes …

Westwood real estate market report

How is the Westwood Real Estate Market | September 2018

Your monthly update on the Westwood real estate market – September 2018, compared with September 2017. The number of homes sold in September compared with the same month in 2017 pretty much remained the same.   Inventory for single family homes remains close with an increase of 10 in the condo market. With a tight inventory any increase is good news.   The median …

5 mistakes buyers should avoid when purchasing a home

5 Mistakes Buyers Should Avoid When Purchasing a Home

Not all real estate markets are created equal and in a sellers’ market, which Los Angeles is today, there are mistakes buyers should avoid when purchasing a home. Serious prospective buyers need to be fully prepared and have reasonable expectations in order to be the successful bidder on a property that is expected to have several offers. At the higher price ranges they can …

What's the difference between a buyer's and a listing agent?

What’s the Difference Between a Buyer’s Agent and a Listing Agent?

In theory there is really no difference between a buyer’s agent and a listing agent. We are all trained to handle both sides of a transaction representing the seller or the buyer and in some cases both.   There are some agents who specialize in working with buyers only and market themselves as exclusive buyer’s agent. Alternatively there are agents who only list homes. …

New Freddie Mac credit guidlelines

New Freddie Mac Guidelines Regarding Credit History, Authorized Users and Mortgage Approval

Gene Mundt, Il/WI mortgage originator teaches us about the importance of building our own credit history. New Freddie Mac Guidelines Regarding Credit History, Authorized Users and Mortgage Approval Recently, Freddie Mac updated their underwriting guidelines, via its “Bulletin” from September 19, 2018 … One of the key points documented in this Freddie Mac Bulletin related to Credit Reporting and specifically … “AUTHORIZED User Accounts”. Before proceeding further, it’s …

Buying a condo on the Wilshire Corridor

How is the Wilshire Corridor Condo Market 3rd Qtr 2018

How is the Wilshire Corridor condo market doing? Let’s compare with the same period in 2017. Beverly West:  Sold 2. Per sq. ft.  = $2,363.50 – Avg. Price = $9,375,000 2017: Sold 1. Per sq. ft. = $1,609.13 – Avg. Price = $2,750,000 The Comstock: Sold 4.  Per sq. ft. -= $674.65 –  Avg. Price = $1,035.000 2017: Sold 1. Per sq. ft. = $624.11 …

Property owners. Handling a major vacancy

Handling a Major Vacancy: Tips for Investment Property Owners

By David Crown, Los Angeles Property Management Group The Challenge Architect and commercial property owner Eric Luk had a decision to make in 2017. His five-building commercial complex West Main Place Medical and Professional Plaza was about to lose a major tenant occupying roughly fifteen percent of the complex’s leasable units. In the face of major vacancy, he could either hit the panic button …

Is affordability affecting Los Angeles home sales

Is Los Angeles Area Housing Affordability Affecting Home Sales?

We have all heard about rising housing prices, especially in California, so is the lack of affordability affecting home sales? (Check out the median price and # of sold listings in selected areas for single family homes) Several factors may be contributing to the drop in sales including the volatility of interest rates, and lack of inventory which affects the willingness of sellers to …

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First-time homebuyer programs in Los Angeles – Curbed LAbuyin

First-time Los Angeles homebuyers don’t despair. There are options for you to qualify for that loan. These loans do cover condominium units but only in buildings that are approved by the Federal Housing Administration. You can check out if a building you may be interested in qualifies. Source: First-time homebuyer programs in Los Angeles – Curbed LA   Need Help? Have questions? Fill out …

DWP AC Optimization Program

Los Angeles DWP Customers Learn About the AC Optimization Program

The Los Angeles Department of Water and Power (DWP) offers a wealth of information to help their customers save money, including a free AC Optimization Program. A certified contractor will come out, inspect your air-conditioning unit and provide the following services: Replacement or cleaning of standard air filters Outdoor coil cleaning System diagnostic test Refrigerant charge adjustment (up to 2 lbs. of refrigerant will …

Should I buy or should I rent?

Should I Buy a Home in Los Angeles or Should I Continue Renting?

Home ownership was once the goal of most people starting out in their adult life. If you can do it,  it is still one of the best investments you can make and brings with it the security and stability of owning your own home and not having to cater to the whims of your landlord, not to mention paying their mortgage. Every penny you …

5 tips to sell your home quicker

5 Essential Projects that Will Help Sell Your Home Quicker

With the housing market booming these days, buyers can be quite picky. That means if you’re putting your home on the market, you need to take measures to make your home stand out. While no project will give you a full return on what you spend, these projects are sure to help you sell your home quickly. Decluttering The goal of decluttering is to …

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