I was asked today by a Los Angeles home buyer “what do you mean when you say the home has to appraise.” When a buyer makes an offer on a property they are relying on their Realtor® to have done a competitive market analysis (CMA) based on previous sales in the area. However, the CMA is […]
Los Angeles Home Buyer Tips | The Appraisal Read More »
An article in today’s Los Angeles Times talks about the shortage of rental properties in Los Angeles and Southern California and predicts that rents will rise 10% over the next two years. Rents in many if not most area markets are already on the way up, and rental properties in Los Angeles What does this mean?
Buying a Los Angeles Home May Make Sense With Rental Prices Rising Read More »
When buying or selling real estate in Los Angeles we often talk about the market as being a buyers’ or a sellers’ market, based on the absorption rate. The absorption rate is the number of months it will take to sell the existing inventory based on prior months’ sales. 6 months is a balanced market, under six months
Define a Los Angeles Real Estate Buyers’ or Sellers’ Market Read More »
I recently sold a home to a young guy on Corinth Ave. He was excited because it was walking distance to the up-and-coming Sawtelle neighborhood in West Los Angeles, where his favorite markets and restaurants are located. A recent article in the Los Angeles Times talks about the gentification of the area knows as “Little
Sawtelle is an Up-and-Coming West L.A. Neighborhood Read More »
According to the National Association of Realtors’ 2011 Profile of Home Buyers and Sellers, home buyers’ use of a Realtor® is on the rise. 89% of home buyers used a real estate agent in 2011, a 7.23% increase over the previous year and a 29% increase over 2001. These figures account for all sales, whether
Home Buyers’ Use of an Agent on the Rise Read More »
Los Angeles home sellers often contact me to help them find a home to buy or rent. Knowing that they are obviously already working with a Realtor® my first question is, “have you asked your current Realtor® to help you?” Today I received one of those calls from a lovely lady who said, and I
Selling your Los Angeles Home and Buying Another? Use the Same Agent Read More »
Did that catch your eye? Unfortunately, leaving investors out of the equation, as a Los Angeles home buyer you are probably not going to find that bargain home you are looking for. Why? Because the real bargains often don’t make it to the general market. They are bought through word-of-mouth or on the courthouse steps.
Buying a Los Angeles Home for a Bargain Read More »
How do you go about searching for a Los Angeles home for sale? If you are like the majority of Los Angeles homebuyers you start your search online. After all you can buy almost everything online these days including, believe it or not, supposedly stem cells. But unless you are a doctor would you attempt
Need Help Buying a Los Angeles Property? 10 Reasons Why You Should Talk to a Realtor® Read More »
So You Think SIZE Matters?? Okay … Okay … get your mind outta the gutter! I’m talking about the SIZE of your mortgage! Yesterday, I had to explain this important detail to yet another person involved within a mortgage transaction I am working on. This time, a seller. Mistakenly, they thought because the
Do you Think the Size of your Los Angeles Mortgage Matters? Read More »
After the devastating Northridge earthquake in 1994 which cost $44 billion in losses, insurance companies restricted the issuance of policies to cover earthquakes for fear of not being able to pay out again. In 1996 the state established the California Earthquake Authority (CEA) to fill the gap. It is non-profit, publicly funded and privately managed,
Los Angeles Homeowners, Do You Have Earthquake Insurance? If Not, Why Not? Read More »
