405 Freeway Wilshire Boulevard Off Ramp to Close for Two Weeks

Beware traffic when Wilshire off ramp on 405 closes

Starting yesterday, February 3, 2012, the eastbound off ramp off the northbound 405 Freeway will be closed  on and off for two weeks.  The Rampture is finally here. This is part of the ongoing widening of the 405 Freeway which will add a 10-mile HOV lanes and widen lanes from the I-10 to US 101. This particular project is to clear trees and plants from the area. The closures will take place periodically from 9:00 p.m. to 5:00 a.m. but workers will be there most of the day. If at all … [Read more...]

Downtown Los Angeles Condos | Market Report

Downtown Los Angeles Condos 2011 Market Report

Let's take a look at how Downtown Los Angeles condos fared over the past year. For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category. Market absorption indicates the amount of time it will take to sell the existing inventory on the market.  Six months is a balanced market; under six months a sellers' market; over six months a buyers' … [Read more...]

Wilshire Corridor Condos | A Market Overview

Buying a Condo on The Wilshire Corridor, 3-Bedroom Condo Available on The Wilshire Corridor

There are presently 96 listed condos for sale on the Wilshire Corridor. Three units have been on the market for over two years:  two at La Tour,  and one at the Marie Antoinette. Four units have been on the market for over one year:  one at The Californian,  one at La Tour, one at The Remington, and one at 10560 Wilshire. 12 units have been on the market for over 6 months. 7 units are listed as Short Pay (I am relying on the MLS here):  two at the Marie Antoinette,  one at … [Read more...]

Is the Los Angeles Open House Going the Way of the Dodo?

Los Angeles Home Buyers are Finding Homes before the Open House

I read a post recently discussing how effective holding open houses is these days.  A few years ago that was the best way for a home buyer to find  Los Angeles homes for sale.   Things have changed, and Los Angeles home buyers  are increasing searching online for listings.  Even if they are using the services of a Los Angeles Realtor®,  they continue to use the internet on their own. When something comes up that interests a buyer they generally want to see that property immediately … [Read more...]

Los Angeles 48 Hour Travel Guide

Homes in Los Angeles, Search Homes for Sale in Los Angeles by Lifestyle

Via Scoop.it - Around Los Angeles LOS ANGELES, California - Got 48 hours in Los Angeles? See what you can do with those 48 hours. From the beach in Malibu to Santa Monica.  Downtown to Hollywood.  There is plenty to fill up your time. The article below will guide you through the best of Los Angeles. Via www.abs-cbnnews.com Buying or Selling Los Angeles Real Estate Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new … [Read more...]

Home Buyers’ Use of an Agent on the Rise

Use a Realtor® When Buying a Los Angeles House

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 a short sale or even a For Sale by Owner (FSBO).  The reason?  Because buyers increasingly realize they need the help of an agent to help them navigate the complexities of the … [Read more...]

Selling your Los Angeles Home and Buying Another? Use the Same Agent

Los Angeles Real Estate Agent, Los Angeles Rental Properties

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 kid you not, "Oh no.  He is so busy selling my home I didn't want to bother him."  Now don't get me wrong.  I am certainly more than willing to help someone  who is buying a Los Angeles home, but … [Read more...]

When Buying a Los Angeles Home at a Foreclosure Auction Beware of Unknown Matters

Los Angeles Foreclosure Alternative Deed in Lieu, What is a Deed in Lieu of Foreclosure?

We are back to the point about buying a Los Angeles home for a bargain.  You generally get what you pay for. If you are thinking of buying a home at a foreclosure auction then beware of unknown matters that could pop up, as you will  probably not be offered title insurance on the property.  In a regular sale, the Seller will be paying for your title insurance.  You could be inheriting a bunch of problems which will make it difficult for you when it comes to selling the property. What … [Read more...]

Buying a Los Angeles Home for a Bargain

Buying or Selling a Los Angeles Foreclosure, Buying a Los Angeles Short Sale, Los Angeles Short Sales

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.  And, if by some chance a good one slips through, there will be a buying frenzy with multiple offers, making the home no longer a bargain. Also, many of the … [Read more...]

Westwood Housing Market Report 2011

Search Homes for Sale in Westwood-Century City, Wilshire Corridor Condos for Sale and Lease

When buying or selling property in Westwood you may want to check out how the market did in 2011. Single family homes in Westwood have been split into price range.  The Westwood condo market will include Wilshire Corridor condos, already the subject of a previous market report. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of … [Read more...]

New Los Angeles Traffic Fines Effective January 2012. Watch Out! California Needs the Money

Watch out for those radar guns, Los Angeles traffic fines are going up once again

Effective January 6, 2012 the price of Los Angeles traffic tickets is going up by $4 a ticket on already steep fines.  And be extra wary.  It is rumored that there is extra pressure on traffic officers to bring in more revenue. Local agencies have even been authorized to attach cameras to street sweepers in order to catch parking violators. Los Angeles Traffic Ticket Fines (Effective 01/06/2012) VC 12814.6 $214 Failure to obey license provisions VC 14600(A) $214 Failure to notify … [Read more...]

Need Help Buying a Los Angeles Property? 10 Reasons Why You Should Talk to a Realtor®

Choosing a Los Angeles Realtor®, How to Hire a Los Angeles Realtor®

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, supposed stem cells.  But unless you are a doctor would you attempt to buy stem cells online? The same thing goes for such an important transaction as your future home.  Finding a Los Angeles home for sale  is not a simple process, let alone buying … [Read more...]

Brentwood Los Angeles Real Estate Market Report 2011

Search Homes for Sale in Brentwood, Brentwood Real Estate

Let's take a look at how the Brentwood Los Angeles real estate market did in 2011. I have split the 2011 Brentwood real estate market report into four sections, single family by price breakdown and condos.  I have also shown relevant percentage comparisons with the 2010 statistics. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of … [Read more...]

Wilshire Corridor Condo Market Report 2011

Wilshire Corridor Condos, For Sale on the Wilshire Corridor

The Wilshire Corridor Condo Market report for 2011 is based on units of 2 bedrooms and up, not including penthouses.  This will provide a more realistic picture.  For sales by numbers of bedrooms check out each individual Wilshire Corridor building page. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is a balanced market. … [Read more...]

Renting a Home in Los Angeles – Check out Your Landlord

Watch out for Scams when Renting a Los Angeles Property

Renting home in Los Angeles can be a daunting process and one which could lead the prospective tenant into a scam either because the rental listing is fake or the landlord is shortly going to be foreclosed upon.  A tenant could move in and find out that they are going to be evicted and not get their deposit back.  Even while typing this post, someone called to let me know about a fraudulent Craigslist add for a lease. Checkyourlandlord.com  is a website that will allow Los Angeles … [Read more...]

Santa Monica Real Estate – Market Report 2011

Santa Monica Community, Santa Monica Homes for Sale

It is that time of the year again, the beginning of a new one, and time to look back at how the Santa Monica real estate market fared in 2011. Since Santa Monica is made up of diverse neighborhoods I have split the report into single family by price and condos. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is a balanced … [Read more...]

Beverly Hills Real Real Estate – 2011 Market Report And Analysis

Beverly Hills Real Estate 2011 Market Report

Another year as flown by and it is time to review the 2011 Beverly Hills real estate market. I have split the 2011 Beverly Hills real estate market report into four sections, single family by price breakdown and condos.  I have also shown relevant percentage comparisons with the 2010 statistics. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers' or buyers' market. 6 months … [Read more...]

Los Angeles Homeowners, Do You Have Earthquake Insurance? If Not, Why Not?

Los Angeles Homeowners and Earth Quake Insurance, The CEA

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, and it allows insurers to offer an earthquake policy to its customers, with some financial contributions.  Today the CEO covers 820,000 … [Read more...]

Just Because you are Buying a New Los Angeles Home Doesn’t Mean you don’t Need an Inspection

Whether New or Not, Always Get a Home Inspection when Buying a Los Angeles Home

I am working with a first-time Los Angeles home buyer who is in the process of purchasing a brand new construction home.  The home is a stand-alone condominium, one of four on the lot. It would seem tempting to waive the inspection on a brand new home, because after all what could be wrong!  There are building codes to be met and one would think even a visual inspection by the builder would catch the odd mistake. The California real estate purchase contract requires that a home buyer … [Read more...]

A Los Angeles Realtor’s 2011 Review

Los Angeles Realtor's 2011 Report Card, Los Angeles Real Estate Sales

This Los Angeles Realtor® started off the year very slowly.  Then the stone started rolling down the hill and gained momentum. Anyway, here is an overview of my Los Angeles real estate sales and rentals this year: Purchases: 880 W. 1st St. #804, Los Angeles 90012 (Downtown) (foreclosure) - June 2011 - $270,000 10580 Wilshire Blvd. #8SW, Los Angeles 90024 (The Wilshire)( pocket listing) - October 2011 - $1,600,000 10982 Roebling Ave. #315, Los Angeles 90024 (Westwood) … [Read more...]