Los Angeles Real Estate and Homes for Sale

405 Freeway Wilshire Boulevard Off Ramp to Close for Two Weeks

Jane Peters — Sun, 05 Feb 2012 05:19:18 +0000

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 possible I would advise people to find an alternative route north during rush hour. The construction makes a normal 6 minute drive on Sepulveda from Wilshire to Moraga more like a half hour, and the 404 is not much better.

In fact, of late, the Westside, west of the 405 has been an absolute nightmare during evening rush hour, even without these closures.

Check out the full I-405 Sepulveda Pass Improvements Project

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 to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Downtown Los Angeles Condos | Market Report

Jane Peters — Fri, 03 Feb 2012 01:37:07 +0000

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’ market.

Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.

91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.

Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.

The median price has declined slightly over the previous 12 months, but the sold to list price has increased.

Only two sales in this category were either a short sale or foreclosure.

The media price has increased, as has the sold price to list price.

With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.

The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live, and EVO, and sales in this price range are slow, with over two years’ worth of inventory.

Search Condos for Sale in Downtown Los Angeles

Showing properties 1 - 25 of 134. See more Downtown Los Angeles Condos for Sale.
(all data current as of 2/5/2012)

$499,000 : 360 W AVENUE 26, Los Angeles

0 beds, 2.0 baths

Home size: 1,280 sq ft

Year built: 2006

Parking spots: 2

Days on market: 2
$1,275,000 : 1100 S Hope ST, Los Angeles

1 bed, 1.5 baths

Home size: 2,310 sq ft

Year built: 2007

Parking spots: 2

Days on market: 2
$419,000 : 1234 WILSHIRE, Los Angeles

2 beds, 2.0 baths

Home size: 1,150 sq ft

Year built: 2006

Days on market: 2
$548,000 : 629 TRACTION AVE, Los Angeles

2 beds, 2.0 baths

Home size: 1,210 sq ft

Year built: 2007

Days on market: 2
$249,900 : 360 W AVENUE 26, Los Angeles

2 beds, 2.0 baths

Home size: 1,280 sq ft

Year built: 2006

Parking spots: 2

Days on market: 3
$284,900 : 600 W 9TH ST, Los Angeles

1 bed, 1.0 baths

Home size: 754 sq ft

Year built: 1983

Parking spots: 1

Days on market: 3
$699,900 : 416 South Spring Street #1205, Los Angeles

1 bed, 2 full baths

Home size: 1,190 sq ft

Year built: 1913

Parking spots: 4

Days on market: 3
$428,000 : 880 W 1ST ST, Los Angeles

2 beds, 2.0 baths

Home size: 1,323 sq ft

Year built: 1982

Parking spots: 2

Days on market: 6
$179,900 : 746 S LOS ANGELES ST, Los Angeles

0 beds, 1.0 baths

Home size: 650 sq ft

Year built: 1922

Days on market: 9
$239,000 : 108 W 2ND ST, Los Angeles

0 beds, 1 full bath

Home size: 760 sq ft

Year built: 1910

Days on market: 11
$120,000 : 2121 James M Wood Blvd 425, Los Angeles

1 bed, 1 full bath

Home size: 650 sq ft

Year built: 1923

Days on market: 11
$1,725,000 : 1100 S HOPE ST, Los Angeles

1 bed, 1 full, 1 part baths

Home size: 2,310 sq ft

Year built: 2007

Parking spots: 2

Days on market: 12
$335,000 : 100 S ALAMEDA ST, Los Angeles

2 beds, 2 full baths

Home size: 1,042 sq ft

Year built: 2005

Parking spots: 2

Days on market: 12
$139,900 : 360 West Avenue 26 #302, Los Angeles

0 beds, 1 full bath

Home size: 630 sq ft

Lot size: 1.23 ac

Year built: 2006

Parking spots: 1

Days on market: 12
$229,900 : 436 North Oxford Avenue #104, Los Angeles

2 beds, 2 full baths

Home size: 840 sq ft

Lot size: 11,946 sq ft

Year built: 1992

Parking spots: 2

Days on market: 13
$310,000 : 849 S BROADWAY, Los Angeles

1 bed, 1.0 baths

Home size: 1,050 sq ft

Year built: 1930

Parking spots: 1

Days on market: 13
$198,900 : 1477 West 20th Street #2, Los Angeles

3 beds, 3 full baths

Home size: 1,291 sq ft

Lot size: 11,982 sq ft

Year built: 1987

Parking spots: 2

Days on market: 13
$599,000 : 849 S BROADWAY, Los Angeles

1 bed, 2.0 baths

Home size: 1,610 sq ft

Year built: 1930

Days on market: 13
$199,000 : 1425 W 12th St 248, Los Angeles

3 beds, 2 full baths

Home size: 1,030 sq ft

Lot size: 3.38 ac

Year built: 1983

Parking spots: 4

Days on market: 13
$299,000 : 100 South Alameda Street #402, Los Angeles

2 beds, 2 full baths

Home size: 1,186 sq ft

Lot size: 3.17 ac

Year built: 2005

Days on market: 13
$1,475,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,346 sq ft

Year built: 2008

Parking spots: 2

Days on market: 13
$1,650,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2 full, 1 part baths

Home size: 2,384 sq ft

Year built: 2008

Parking spots: 2

Days on market: 13
$1,525,000 : 1155 S GRAND AVE, Los Angeles

2 beds, 2.5 baths

Home size: 2,239 sq ft

Year built: 2008

Parking spots: 2

Days on market: 13
$780,000 : 1100 WILSHIRE, Los Angeles

2 beds, 2.0 baths

Home size: 1,340 sq ft

Year built: 1986

Days on market: 15
$140,000 : 1118 Valencia St 314, Los Angeles

1 bed, 1 full bath

Home size: 926 sq ft

Lot size: 3.38 ac

Year built: 1983

Parking spots: 2

Days on market: 18

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Wilshire Corridor Condos | A Market Overview

Jane Peters — Thu, 02 Feb 2012 05:05:43 +0000

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 10560 Wilshire, one at The Mirabella, one at Wilshire Selby East, one at Wilshire Selby West, and one coming up at The Grand.

There is one foreclosure noted in the MLS, at The Wilshire Holmby.

One bedroom condos

16 are available from $310,000 to $799,000, with homeowners dues from $500,000 at the Wilshire Selby West, to $2,233 at The Wilshire Terrace.

Two bedroom condos

48 units are available from $355,000 at The Churchill, to $3,100,000 at Blair House. Homeowners dues from $549 at the Wilshire Marquis to $2,987 at The Californian.

Three bedroom condos

There are 20 units available from $399,000 at the Marie Antoinette to $13,795,000 at The Carlyle. Homeowners dues from $1,283 at the Marie Antoinette to $3,370 at The Remington penthouse.

Four bedroom condos

There are 4 units from $735,000 at The Westholme to $11,995,000 at The Californian. Homeowners dues from $1,610 to $3,409.16 respectively.

The new Beverly West is not included in the above overview.

Search Condos for Sale and Rent on the Wilshire Corridor by Price Range

Available 3 -bedroom condos on the Wilshire Corridor

You can also check out the Wilshire Corridor 2011 Market Report.

Showing properties 1 - 25 of 32. See more 3 Bedroom Wilshire Corridor Condos.
(all data current as of 2/5/2012)

$799,000 : 10520 WILSHIRE, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,808 sq ft

Year built: 1989

Parking spots: 2

Days on market: 3
$479,000 : 10787 WILSHIRE, Los Angeles

3 beds, 3.0 baths

Home size: 1,868 sq ft

Year built: 1962

Days on market: 3
$470,000 : 10787 WILSHIRE, Los Angeles

3 beds, 3.0 baths

Home size: 1,459 sq ft

Year built: 1962

Parking spots: 2

Days on market: 5
$1,356,000 : 10724 WILSHIRE, Los Angeles

3 beds, 3.5 baths

Home size: 2,677 sq ft

Year built: 1989

Days on market: 11
$829,000 : 10433 Wilshire Boulevard #704, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,824 sq ft

Lot size: 31,461 sq ft

Year built: 1963

Parking spots: 2

Days on market: 17
$5,895,000 : 10776 WILSHIRE BLVD, Los Angeles

3 beds, 4.5 baths

Home size: 3,535 sq ft

Year built: 2009

Parking spots: 2

Days on market: 26
$3,199,000 : 10776 WILSHIRE BLVD, Los Angeles

3 beds, 4.5 baths

Home size: 3,535 sq ft

Year built: 2009

Parking spots: 2

Days on market: 26
$945,000 : 875 COMSTOCK AVE, Los Angeles

3 beds, 3 full baths

Home size: 1,937 sq ft

Year built: 1961

Days on market: 29
$1,795,000 : 10375 WILSHIRE, Los Angeles

3 beds, 5.0 baths

Home size: 3,216 sq ft

Year built: 1958

Parking spots: 2

Days on market: 32
$3,975,000 : 10776 WILSHIRE BLVD, Los Angeles

3 beds, 4.5 baths

Home size: 3,535 sq ft

Year built: 2009

Parking spots: 2

Days on market: 33
$3,445,000 : 10660 WILSHIRE BLVD, Los Angeles

4 beds, 4 full, 1 part baths

Home size: 5,383 sq ft

Year built: 1980

Parking spots: 6

Days on market: 33
$239,000 : 1200 Club View Dr, Bakersfield

4 beds, 3 full baths

Home size: 2,719 sq ft

Lot size: 11,096 sq ft

Year built: 1977

Parking spots: 4

Days on market: 59
$1,980,000 : 10551 WILSHIRE, Los Angeles

3 beds, 4.0 baths

Home size: 3,602 sq ft

Year built: 1982

Parking spots: 4

Days on market: 89
$500,000 : 10520 Wilshire Blvd 206, Los Angeles

3 beds, 3 full baths

Home size: 2,076 sq ft

Lot size: 31,569 sq ft

Year built: 1989

Parking spots: 4

Days on market: 110
$2,995,000 : 10601 WILSHIRE BLVD, Los Angeles

3 beds, 3.5 baths

Home size: 2,368 sq ft

Year built: 1982

Parking spots: 2

Days on market: 120
$22,332,800 : 1200 Club View DR, Los Angeles

4 beds, 7.0 baths

Home size: 7,976 sq ft

Year built: 2011

Days on market: 123
$5,147,550 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 123
$4,956,900 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 123
$4,575,600 : 1200 Club View DR, Los Angeles

3 beds, 3.5 baths

Home size: 3,813 sq ft

Year built: 2011

Days on market: 124
$2,450,000 : 10380 WILSHIRE BLVD, Westwood - Century City

3 beds, 3.5 baths

Home size: 3,190 sq ft

Year built: 1990

Parking spots: 2

Days on market: 138
$2,450,000 : 10800 WILSHIRE BLVD, Los Angeles

3 beds, 3 full, 1 part baths

Home size: 3,341 sq ft

Year built: 2005

Parking spots: 2

Days on market: 160
$4,600,000 : 10520 WILSHIRE, Los Angeles

4 beds, 5 full, 1 part baths

Home size: 5,957 sq ft

Year built: 1989

Parking spots: 8

Days on market: 183
$735,000 : 10590 WILSHIRE, Los Angeles

4 beds, 3.0 baths

Home size: 2,038 sq ft

Year built: 1976

Days on market: 212
$11,995,000 : 10800 WILSHIRE BLVD, Los Angeles

4 beds, 4.5 baths

Home size: 6,480 sq ft

Year built: 2006

Parking spots: 4

Days on market: 223
$449,000 : 10787 WILSHIRE BLVD, Los Angeles

3 beds, 2 full, 1 part baths

Home size: 1,459 sq ft

Year built: 1962

Parking spots: 4

Days on market: 248

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

7 Benefits to Downsizing Your Home

Debe Maxwell, CRS REALTOR® — Tue, 31 Jan 2012 04:29:43 +0000

Are you considering downsizing your home?

Well, you’re not alone! According to the National Association of Home Builders (NAHB), 60% of homebuyers are considering downsizing to smaller, more efficient homes. The economy is playing a significant role in this decision but, for the most part, our society is full of Baby Boomers who don’t quite need the space that they once did.

Here are 7 benefits of downsizing your home:

Save money: When you buy a smaller, more energy-efficient home, you’ll save money on your utility bills. You’ll also reduce your maintenance expenses. You will most likely have a smaller mortgage. With less space to fill, you need less stuff! This allows you to also spend less on furniture and other home décor.
Reduce your impact on the environment: Your home will use less energy when you have less space to heat and cool.
Increase free time: You’ll spend less time cleaning and maintaining a smaller home. Use the extra time to travel, take up a hobby or just relax.
Enhance peace of mind: When you no longer have to worry about how you’re going to pay enormous utility bills and mortgage payments, you can sleep better at night.
Improve your health: Less stress usually equals improved health. Owning a large house full of stuff you have to pay for and take care of can be very stressful. When you downsize and let go of all that stuff, your stress decreases.
Put cash in your pocket: Sell your extra stuff on eBay, Craigslist and at a garage sale.
Simplify your life: Simplifying your life reduces stress, improves creativity and increases joy.

Making the decision to downsize can be difficult to do, but once you’ve taken the leap, you’ll discover many rewards. The more stuff you get rid of, the more you can save for things that truly matter, such as saving for your retirement or college education.

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

Jane Peters — Mon, 30 Jan 2012 03:33:57 +0000

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 and not wait until the open house which might be a week or so ahead. Especially in this market where good new inventory is few and far between. And by “good”, priced right is the main criterion.

Most often a home will sell because Realtors® on the lookout for a particular property for their client will have seen it come on the market and alerted their buyers immediately. No one is going to want to wait for the open house. There will be other parties wanting to see the same property also, and generally the listing agent will agree to show before the open house.

A great house is probably already “sold” before the day of the open house, and the chance of a buyer accidentally falling upon it that day is slim to none. So, many Los Angeles homes for sale will have the good fortune of being sold quickly and never make it to the open house day.

Search Recent Homes for Sale in Los Angeles

Showing properties 1 - 25 of 167. See more Recent Los Angeles Homes for Sale.
(all data current as of 2/5/2012)

$529,000 : 2957 LONDON ST, Los Angeles

2 beds, 2.0 baths

Home size: 1,172 sq ft

Lot size: 3,700 sq ft

Year built: 1938

Days on market: 1
$1,200,000 : 13013 Discovery Creek, Playa Vista

3 beds, 4.0 baths

Home size: 3,880 sq ft

Year built: 2005

Days on market: 2
$605,000 : 4804 LA VILLA MARINA, Marina Del Rey

3 beds, 2.5 baths

Home size: 1,763 sq ft

Year built: 1968

Parking spots: 3

Days on market: 2
$510,000 : 13226 ADMIRAL AVE, Marina Del Rey

2 beds, 2.5 baths

Home size: 1,763 sq ft

Year built: 1967

Parking spots: 3

Days on market: 2
$1,950,000 : 2736 Casiano Road, Bel Air

4 beds, 2 full, 1 part baths

Home size: 3,224 sq ft

Lot size: 17,006 sq ft

Year built: 1871

Parking spots: 4

Days on market: 2
$715,000 : 4318 Mcconnell Boulevard, Culver City

3 beds, 2 full baths

Home size: 1,963 sq ft

Lot size: 4,819 sq ft

Year built: 1925

Parking spots: 2

Days on market: 3
$2,000,000 : 1387 N DOHENY DR, Hollywood Hills

4 beds, 4.0 baths

Home size: 3,718 sq ft

Lot size: 13,300 sq ft

Year built: 1937

Days on market: 3
$299,000 : 6400 CRESCENT, Playa Vista

1 bed, 1.0 baths

Home size: 900 sq ft

Year built: 2005

Parking spots: 2

Days on market: 3
$5,750,000 : 8935 WONDERLAND AVE, Los Angeles

8 beds, 12.0 baths

Home size: 50,000 sq ft

Lot size: 1.41 ac

Year built: 1942

Parking spots: 50

Days on market: 3
$1,399,500 : 201 OCEAN AVE, Santa Monica

2 beds, 2 full baths

Home size: 1,235 sq ft

Year built: 1971

Parking spots: 4

Days on market: 3
$925,000 : 3116 FEDERAL AVE, Los Angeles

3 beds, 1 full, 1 part baths

Home size: 1,757 sq ft

Lot size: 7,200 sq ft

Year built: 1948

Parking spots: 4

Days on market: 3
$235,000 : 6199 CANTERBURY DR, Culver City

2 beds, 2.0 baths

Home size: 923 sq ft

Year built: 1967

Days on market: 3
$3,495,000 : 1479 RISING GLEN RD, Los Angeles

3 beds, 3.5 baths

Home size: 2,566 sq ft

Lot size: 9,610 sq ft

Year built: 1957

Parking spots: 4

Days on market: 3
$6,650,000 : 1709 ANGELO DR, Beverly Hills

6 beds, 5.5 baths

Lot size: 12,815 sq ft

Year built: 1928

Days on market: 3
$1,359,000 : 2538 WESTRIDGE RD, Los Angeles

5 beds, 3.5 baths

Home size: 3,064 sq ft

Lot size: 13,939 sq ft

Year built: 1968

Days on market: 3
$299,000 : 3917 Huron Avenue #1, Culver City

2 beds, 3 full baths

Home size: 1,539 sq ft

Lot size: 7,477 sq ft

Year built: 1985

Parking spots: 2

Days on market: 3
$12,500,000 : 1400 VISTA MORAGA, Los Angeles

5 beds, 7.5 baths

Home size: 9,241 sq ft

Lot size: 3.30 ac

Year built: 1988

Parking spots: 15

Days on market: 3
$949,000 : 814 10TH ST, Santa Monica

2 beds, 1.0 baths

Home size: 1,276 sq ft

Lot size: 4,996 sq ft

Year built: 1922

Parking spots: 2

Days on market: 3
$419,000 : 13044 PACIFIC PROMENADE, Playa Vista

2 beds, 2.0 baths

Home size: 1,106 sq ft

Year built: 2004

Parking spots: 2

Days on market: 3
$599,000 : 13173 PACIFIC PROMENADE, Playa Vista

2 beds, 2 full, 1 part baths

Home size: 1,890 sq ft

Year built: 2003

Parking spots: 2

Days on market: 3
$599,000 : 1323 N MCCADDEN PL, Los Angeles

2 beds, 2 full baths

Home size: 973 sq ft

Lot size: 5,520 sq ft

Year built: 1911

Parking spots: 1

Days on market: 3
$1,875,000 : 858 NOWITA PL, Venice

3 beds, 3.0 baths

Home size: 2,376 sq ft

Lot size: 3,145 sq ft

Year built: 1923

Parking spots: 2

Days on market: 3
$349,000 : 5670 W OLYMPIC, Los Angeles

2 beds, 2.0 baths

Home size: 996 sq ft

Year built: 1987

Parking spots: 2

Days on market: 3
$1,975,000 : 9011 ALTO CEDRO DR, Beverly Hills

4 beds, 3.0 baths

Home size: 3,072 sq ft

Lot size: 15,930 sq ft

Year built: 1962

Days on market: 3
$1,359,000 : 6936 WOODROW WILSON DR, Los Angeles

3 beds, 4.0 baths

Home size: 2,800 sq ft

Lot size: 4,513 sq ft

Year built: 2011

Parking spots: 4

Days on market: 3

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Los Angeles 48 Hour Travel Guide

Jane Peters — Sun, 29 Jan 2012 01:14:10 +0000

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

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Home Buyers’ Use of an Agent on the Rise

Jane Peters — Sat, 28 Jan 2012 06:17:00 +0000

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 process.

How did the rest of the home buyers buy? The report shows that 7% bought through a builder and 4% directly from the previous owner.

There is no indication of whether these home buyers started the process on their own or with a Realtor® but the result is the majority ended by using one.

So if you are buying a Los Angeles home follow the trend. Use a Los Angeles Realtor®.

Buying or Selling Los Angeles Real Estate

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

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

Jane Peters — Wed, 25 Jan 2012 06:24:39 +0000

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 the right thing to do is make sure that their present Realtor® knows about it.

I know that many people don’t understand how we Realtors® earn our keep. If we are not buying, selling, or renting properties we are starving. We do not earn a salary, and most of us don’t have sugar daddies. So, if I were that listing agent and found out that my client had bought a property through another agent I would not be happy.

Conversely, if a prospective home buyer came to me, as this lady did, asking about a property with the intention of eventually having her agent write up the contract, guess who would not be happy.

I informed the buyer of the ways of the Realtor® world, which included the fact that she should not be doing the work herself. I like to think that we do work for our money and are not just paper pushers. She should make sure her listing agent works with her on her search. I am sure he will be only too happy to oblige.

So, if you have a Los Angeles Realtor® already, they are going to be able, and will be extremely happy to, help you with your next real estate transaction. And it is really the right thing to do.

Of course if things don’t work out, you know who to call.

Search Homes for Sale in Los Angeles

Buying or Selling Los Angeles Real Estate

Westside Los Angeles Real Estate, including, but not limited to:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Be Prepared to Make Your Los Angeles Mortgage Application

Gene Mundt — Mon, 23 Jan 2012 19:13:44 +0000

Time COULD be Money …

Should You Delay Too Long.

Be Prepared to Make Your Mortgage Application

A short while ago, I wrote a blog regarding the upcoming increases that will be coming to mortgages as a result of recent government Enactments regarding Fannie Mae and Freddie Mac.

I found a recently-written article in National Mortgage News. It presses home the same message as my blog. Time is of the essence for those buyers presently in the home buying process … but even more so for those that are contemplating a home purchase or refinance of their present mortgage within the near future.

Simply said, taking action NOW is much better than later … when it comes to costs associated with mortgage financing. Wait too long, and you’ll pay more.>

So, my suggestion is this … should you even be flirting with the idea of buying a home or refinancing … start gathering the information and financial documentation that will be REQUIRED by your mortgage lender when applying for your loan.

Should you decide not to buy, no harm … no foul. At worst, your financial records are probably better organized than they were previously. But if you DO decide to pursue home buying or refinancing, you’ll be ahead of the game, ready to go, and be much better positioned to advance your mortgage application and mortgage processing quickly. And possibly save yourself from those rising costs being talked about.

What documents and information are needed when you apply for mortgage financing?

Below you will find a handy list of those things that you will be REQUIRED to supply almost any mortgage lender at the time of your mortgage application. It’s the same list I make available for my clients and for download at my website. The REQUIRED Information and Documents list can be found at: www.genemundt.com/Required-Mortgage-Docs.html .

List of Information and Documentation Needed When Applying for a Mortgage

Basic Information:

Last 2 years W-2′s and Tax Returns
Last 30 Days consecutive Pay stubs
Name, Address, and Telephone Number(s) of your Employers for the past 2 years
Last TWO (2) months Bank Statements (ALL pages) or 60-Day printout of accounts from the Bank that is stamped and signed by a representative of the Bank. (Including 401K, Credit Union, Profit Sharing, etc.)
Copy of your Social Security Card(s). (FHA/VA only) and Driver’s License (ALL Borrowers to be involved in the mortgage)
Name, Address, and Telephone Number(s) of your Landlord … and the amount of the Rent Payment (Renters only)
Application Fee
Signed (and legible) Real Estate Sales Contract and ALL Riders on home being purchased
Names and Phone Number(s) of Real Estate Agent, Real Estate Attorney, and your Insurance Agent
Copy of Earnest Money Check (as available)

Miscellaneous Information Needed – If Applicable:

Recorded Divorce Decree(s) or Separation Agreements (ALL Pages).
Recorded Bankruptcy Discharge and Schedule of Creditors
Most recent Social Security Award Letter or Pension Award Letter
Filed and Stamped Release of any Judgment and Paid Receipts of all Collections
12 Month Court Print-out of Receiving Child Support
Address and Information on any other Real Estate-Owned

Self-Employed Buyers: In Addition to Basic Information

Year-to-Date Profit and Loss Statement with complete Tax Returns (Last 2 years Filed)

Veterans: In Addition to Basic Information

Copy of DD-214
Original Certificate of Eligibility

It costs you nothing to talk to me or your own mortgage lender. Why not find out what options are really available to you? Why not find out IF home buying is a possiblity? And When? Why not find out HOW you could accomplish buying … or move closer to that reality?

Gather the information and financial documents on this list. Get prepared … be ready to take action … and make that contact!

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

Jane Peters — Sun, 22 Jan 2012 21:55:31 +0000

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 matters are we talking about here?

1. Property Taxes

2. Senior Liens

3. HOA Liens if the foreclosing lien is not a first mortgage

4. Federal taxes (IRS has 120 redemption period)

5. Mechanics’ liens that have priority

6. Quiet Title Action due to fraud

7. City Government liens (sewer, trash, abatement, etc.)

8. Federal judgement liens

9. Bankruptcies (if no evidence of the Automatic Stay lifted)

10. Easements, Agreements, and CC&Rs.

You may be able to get a binder from a title company to insure a future transaction ,which may require you to clear all existing matters before an actual sale or refinance.

The foreclosure is not quite the bargain it first seems.

Search Los Angeles Foreclosures for Sale

Showing properties 1 - 25 of 348. See more Los Angeles Foreclosures.
(all data current as of 2/5/2012)

$170,000 : 3969 Van Horne Avenue, Los Angeles

2 beds, 1 full bath

Home size: 855 sq ft

Lot size: 5,008 sq ft

Year built: 1926

Days on market: 2
$74,900 : 9716 EVERS AVE, Los Angeles

3 beds, 1.0 baths

Home size: 1,017 sq ft

Lot size: 3,480 sq ft

Year built: 1956

Days on market: 3
$165,055 : 2307 E 120th St, Los Angeles

2 beds, 1 full bath

Home size: 753 sq ft

Lot size: 12,186 sq ft

Year built: 1915

Parking spots: 4

Days on market: 3
$225,000 : 745 W 109TH ST, Los Angeles

3 beds, 2.0 baths

Home size: 1,699 sq ft

Lot size: 6,400 sq ft

Year built: 1937

Parking spots: 2

Days on market: 3
$289,900 : 1842 North Avenue 56, Los Angeles

2 beds, 1 full bath

Home size: 984 sq ft

Lot size: 12,000 sq ft

Year built: 1947

Parking spots: 1

Days on market: 3
$299,900 : 6226 EILEEN AVE, Los Angeles

3 beds, 2 full baths

Home size: 1,495 sq ft

Lot size: 5,640 sq ft

Year built: 1925

Parking spots: 21

Days on market: 3
$400,000 : 6126 Alviso Ave, Los Angeles

4 beds, 3 full baths

Home size: 2,868 sq ft

Lot size: 4,274 sq ft

Year built: 1926

Parking spots: 4

Days on market: 3
$110,000 : 430 E 83rd St, Los Angeles

1 bed, 1 full bath

Home size: 858 sq ft

Lot size: 5,207 sq ft

Year built: 1928

Parking spots: 4

Days on market: 4
$149,900 : 6516 6th Avenue, Los Angeles

2 beds, 1 full bath

Home size: 870 sq ft

Lot size: 4,800 sq ft

Year built: 1924

Parking spots: 1

Days on market: 4
$184,900 : 711 BRIDEWELL ST, Los Angeles

2 beds, 2.0 baths

Home size: 1,080 sq ft

Year built: 2003

Days on market: 4
$194,900 : 1727 Browning Boulevard, Los Angeles

2 beds, 1 full bath

Home size: 1,518 sq ft

Lot size: 6,712 sq ft

Year built: 1922

Parking spots: 2

Days on market: 4
$199,900 : 7001 S LA CIENEGA, Los Angeles

2 beds, 2.0 baths

Home size: 1,026 sq ft

Year built: 1985

Days on market: 4
$234,900 : 11713 RUTHELEN ST, Los Angeles

2 beds, 2.0 baths

Home size: 1,197 sq ft

Lot size: 5,200 sq ft

Year built: 1951

Days on market: 4
$279,100 : 3712 South Muirfield Road, Los Angeles

3 beds, 1 full bath

Home size: 1,298 sq ft

Lot size: 5,994 sq ft

Year built: 1945

Parking spots: 2

Days on market: 4
$284,900 : 600 W 9TH ST, Los Angeles

1 bed, 1.0 baths

Home size: 754 sq ft

Year built: 1983

Parking spots: 1

Days on market: 4
$304,900 : 1631 S WESTMORELAND AVE, Los Angeles

3 beds, 1.0 baths

Home size: 1,808 sq ft

Lot size: 6,579 sq ft

Year built: 1906

Days on market: 4
$149,900 : 5024 LATHROP ST, Los Angeles

2 beds, 1.0 baths

Home size: 768 sq ft

Lot size: 6,550 sq ft

Year built: 1934

Days on market: 5
$181,100 : 1890 S COCHRAN AVE, Los Angeles

2 beds, 2.0 baths

Home size: 1,066 sq ft

Year built: 1981

Days on market: 5
$299,000 : 3839 W 58TH PL, Los Angeles

3 beds, 2.0 baths

Home size: 1,692 sq ft

Lot size: 5,000 sq ft

Year built: 1923

Days on market: 5
$820,000 : MLS # 12579199 in Los Angeles

3 beds, 2.0 baths

Home size: 2,295 sq ft

Lot size: 6,500 sq ft

Year built: 1927

Days on market: 5
$148,700 : 1544 E 51st St, Los Angeles

3 beds, 2 full baths

Home size: 1,685 sq ft

Lot size: 5,400 sq ft

Year built: 1908

Parking spots: 4

Days on market: 6
$194,000 : 1635 N ALVARADO ST, Los Angeles

1 bed, 1.0 baths

Home size: 622 sq ft

Lot size: 3,615 sq ft

Year built: 1922

Parking spots: 1

Days on market: 6
$200,000 : 1414 Simmons Ave, Los Angeles

2 beds, 1 full bath

Home size: 734 sq ft

Lot size: 3,782 sq ft

Year built: 1947

Parking spots: 4

Days on market: 6
$200,000 : 345 E 108th St, Los Angeles

3 beds, 2 full baths

Home size: 1,733 sq ft

Lot size: 5,401 sq ft

Year built: 1923

Parking spots: 4

Days on market: 6
$210,000 : 4601 S WILTON PL, Los Angeles

2 beds, 1.0 baths

Home size: 1,068 sq ft

Lot size: 6,500 sq ft

Year built: 1911

Days on market: 6

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

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