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Los Angeles real estate Blog

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 …

Coming Soon on the Wilshire Corridor

It has been a while since a new building popped up on the Wilshire Corridor,  the previous two are Beverly West, which was completed in 2012, and The Carlyle completed in 2009. Next comes The Liddel, at 10777 Wilshire Blvd. scheduled to open in October. The Liddel is a brand new luxury condominium building in the process of getting its final touches. It consists of 56 …

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Los Angeles Architectural Styles

I love this article showing Los Angeles’ diverse architectural styles. My favorite style is Art Deco and Los Angeles has among the richest collection of Art Deco buildings in the U.S. With the diversity of buildings styles there is something for everyone. Source: Los Angeles architecture: An illustrated guide – Curbed LA   Need Help? Have questions? Fill out the CONTACT FORM or call …

Should You Renovate Before Selling Your Home?

This is the eternal conundrum when selling a home, should you renovate? In a sellers’ market which is where Los Angeles is currently with its low inventory you would think that you can just put your home on the market and it will sell. Sometimes this is the case, certainly if an investor is involved, as they are going to remodel and flip the …

When Buying a Home in Los Angeles Make Sure Your Agent is Local

When you are looking for a home for sale in Los Angeles in order to make your life easier you should really use the services of a Realtor®. They are going to be able to simplify the process for you and save you a lot of time and stress. So which Realtor® should you use? Almost everyone these days has a friend or relative who …

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