We are nearing the end of yet another year. 2015 is coming. So what are your real estate goals for next year?
Are you thinking of buying a home in Los Angeles? Are you thinking of selling your Los Angeles home? If you find some spare time during the busy holiday season it would be a good time to set your goals for 2015.
What is the situation with buying a home in Los Angeles right … Continue Reading …
If you live in New York you are going to know what co-op housing is since it makes up the majority of residential units in that city. Los Angeles is the direct opposite of New York. The majority of buildings are condominiums.
In a co-op the resident does not own the unit. They have an interest in the building and a share in the stock which allows them to live in a unit in the building. There is … Continue Reading …
Google is expanding its presence in Los Angeles buying 12 acres in the Playa Vista development. It is estimated that this will bring in as many as 6,000 employees. This, coupled with the huge growth of the tech industry in the general area known as "Silicon Beach", is of course good news for the local economy in general and the real estate industry in particular.
Where are all of these people … Continue Reading …
It is human nature to want a deal, and there are times in the housing market you can find one, especially in a down market. But this is a case of be careful what you wish for.
From around mid-2008 to late 2012 during the recession the housing market collapsed, but L.A. was not hit quite as hard as most markets in terms of foreclosures and short sales. We had our share but again nothing like … Continue Reading …
Maybe you have been looking to buy a Los Angeles home for a long time, or just started, but you finally find one you like. You are ready to make an offer.
Nearly always, buyers ask me "what should I offer?" Translation: "How low can I go.?"
As you will no doubt know, the Los Angeles real estate market for the most part does not favor buyers. Until recently there was a buying frenzy with as … Continue Reading …
The purchase of properties in Los Angeles by foreign nationals has seen a healthy growth lately and many may not be familiar with the mechanics. Hopefully the summary below will help shed light on what is really not such an overwhelming process.
Most foreign buyers are going to be all cash as it is difficult to get a loan. Should getting a loan be an option then a … Continue Reading …
Wouldn't it be lovely if we all had a crystal ball? We would know exactly the right time to buy and the right time to sell real estate. We would wait until the top of the market to sell our home or the bottom of the market to buy. Gauging the top or the bottom of the market is extremely difficult and we would all be millionaires if we had that skill.
So when is the right time? … Continue Reading …
Los Angeles real estate market reports are also available by area. But this one is broken down by selected zip codes.
If you would like information on the performance of other Los Angeles zip codes please don't hesitate to contact me.
90007, 90012, 90013
90014, 90015, … Continue Reading …