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Los Angeles real estate Blog

5 Mistakes to Avoid When Selling a Home

Are you considering selling a home in Los Angeles in the near future? There are a lot of things to think about when putting your home on the market in order to give it the best exposure and ensure that you will maximize your sales price. Any one of these mistakes below can cause your home to linger on the market or simply not …

How is the Brentwood Real Estate Market? – October 2018

Let’s see how the Brentwood real estate market  did in October 2018 and compare it to the same period in 2017 and the previous month. The number of homes sold in October compared with the same month in 2017 increased slightly. However there was a 68% drop in sold condos.   Inventory of single family homes increased slightly, and available condos increased by a significant …

Will I Lose My Good Faith Deposit if I Don’t Buy The Home?

One of the things that buyers, especially first-timers, are most nervous about is the good faith deposit, sometimes referred to as the earnest money deposit. They are worried that if for some reason they don’t end up buying the home they will lost their deposit. In the Los Angeles area the good faith deposit is no small amount. In the areas I work (see …

How is the Santa Monica Real Estate Market? October 2018

Let’s check in on the Santa Monica real estate market for October 2018 and compare it to the same period in 2017 and the previous month.     The number of homes sold in October compared with the same month in 2017 rose slightly in both categories. There were also a few more sales in October compared with September 2018.   Inventory of single …

How is the Westwood Real Estate Market? | October 2018

Your monthly update on the Westwood real estate market – October 2018, compared with the previous month and the same period in 2017.      The number of single homes sold in October compared with the same month in 2017 increased slightly. Condo sales increased slightly. Compared with last month, single family home sales were about the same but condo sales increased by …

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 …

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

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 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 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 …

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 …

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 …

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