Los Angeles Real Estate and Homes for Sale
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To Jumbo or not to Jumbo, that is the question. Many of my Chicagoland referral partners have been reporting that their higher-end housing markets are seeing healthier sales this Spring. Finally! Our local housing markets are healing! All very good news. Paired along with that is even more good news. Lending options are once again appearing for high-end real estate purchases and refinancing. "Jumbo" loan options are re-emerging. But what is considered a "Jumbo" … [Read more...]
Do you want to sell your Los Angeles home but are worried how you are going to do it because you are an absentee owner? Worry not, the process is no different from, and probably easier than, selling your home while in residence. Where do you start? The first thing you will need to do is allow your Los Angeles Realtor® to gain access to your property. Many times absentee owners are selling the home of a family member who may have moved to an assisted living facility, or recently … [Read more...]
I am sure by now you must know that real estate in general, but specifically Los Angeles real estate is experiencing a shortage of inventory, and the common complaint heard from both Realtors® and Los Angeles home buyers is "there is nothing to buy". Or, if something comes on the market "we have to compete with numerous other buyers". So are things improving? How is the housing market doing and how is the inventory right now? Information provided by MLS/CLAW deemed reliable but not … [Read more...]
It is only human nature to want a deal, right? But when buying a Los Angeles home in this present sellers' market, I wouldn't hold my breath looking for one. A home is not going to sell if it is overpriced and with the shortage of inventory in the market, if a good real estate agent is involved, then it will be priced close to current comparables. That means homes that are similar in size, condition, neighborhood, etc. which have recently sold. When making an offer on a home you like … [Read more...]
If you are considering selling your Los Angeles home, this is going to be a hot summer. Inventory continues to remain low and buyers are faced with multiple offers on almost everything they are interested in. So Los Angeles home sellers, this is your market. Here are some examples of areas with extremely low inventory: Westwood Single Family Active listings: 11 Under contract: 13 Sold over past year: 89 which is an average of 7 per month There is nothing available under $1 … [Read more...]
Yay. Echo Park Lake is going to reopen on June 15th. It has been a sorry site for the past two years and now it is reopening just in time for summer. At a cost of $45 million, apparently way under budget, the lake was cleaned of its toxicity and refilled and restocked with plants, and locals in the diverse neighborhood of Echo Park are looking forward to walking around the lake, lying on the grass, and boating. I am sure Mario the goose must be excited. While we are in the area, … [Read more...]
Whether you are buying or selling Los Angeles real estate you will want to use the services of a Los Angeles Realtor®. Why? Because it will save you a lot of time and aggravation in the long run and will make for a positive experience. Sellers: Sellers who try and go it alone by selling FSBO (For Sale by Owner) with the thought that they are going to save money should know that they would probably have received the same amount, if not more, and saved the frustration and dangers of … [Read more...]
You want to live on the Wilshire Corridor? I don't blame you. It is a lifestyle many people would love to live. Imagine coming home and not having to worry about parking your car. You just hand it off to the valet. Got packages? Expecting a delivery? There are people who will bring them to your unit. Feel like relaxing in the pool or spa at the end of a hard day, or working it off at the gym? Check. So what does it cost to live on the Wilshire Corridor and what do you get … [Read more...]
If you are moving to Los Angeles, or maybe selling your home and moving to a Los Angeles rental, you may not be familiar with the process. So here are answers to some questions you may have. Q: How do I find a rental property in Los Angeles? A: There are many ways to find a rental. You can join Westside Rentals, where you pay a small fee, or look at some of the online sites like Craigslist, which will generally show the same properties as Westside Rentals. However, you need to be … [Read more...]
With the low inventory still frustrating buyers in the Los Angeles area, let's see what happened with Santa Monica real estate in April. Sold +/- March Active Median +/- March New +/- March Pending +/- March Single Family 18 +3 42 $2,527,500 +55.90% 20 +13 30 +21 Condo 40 -1 43 $621,250 -5.87% 20 +13 31 +17 The number of new homes coming on the market in Santa Monica in April rose by 13 over March for both single family homes and … [Read more...]
Every prospective home seller wants to to sell at the top of the market. The same goes for every buyer. They want to buy at the bottom of the market. Anyone who can predict the bottom or the top of the market with accuracy should be heading to Las Vegas. If you are waiting to sell your Los Angeles home, why are you waiting? Because you are trying to time the next top of the market? If you don't have to sell, then you can afford to sit around and watch the market. If you want to … [Read more...]
If you are moving to Los Angeles, from Los Angeles, or even within Los Angeles - Save 5% on Your Move with Unpakt Get Instant Prices and Compare Movers Online with Unpakt. Traditionally, finding a reasonable price for lifting, packing and transporting all of your worldly possessions from one home to another can be frustrating to say the least. You have to describe your inventory over and over again to each company that you call. Once you choose one, you may or may not wind paying extra in … [Read more...]
Georgina Hunter, a Maui real estate agent provides a great explanation of the difference between a home inspection and an appraisal. You're buying a home and things are going great. You found a nice house you love and negotiations led to an accepted offer, congratulations! Things are moving fast and this is the time to pay close attention. Your agent has provided you with names of home inspectors and you need to get that scheduled ASAP. There's a lot you might not understand, so be … [Read more...]
There hasn't been a lot of activity of late on the Wilshire Corridor, and since I often get request from prospective buyers and tenants looking to live there it would be good to check in and see what is available. For Sale on the Wilshire Corridor Under $1 million: 1 bedrooms = 10 from $399,000 t0 $750,000 2 bedrooms = 14 from $438,700 to $975,000 3 bedrooms = 1 $499,000 $1 to $2 million: 2 bedrooms = 13 from $1,100,000 to $1,575,000 3 bedrooms = 4 from $1,249,000 to $1,999,999 $2 … [Read more...]
You are thinking of buying a Los Angeles home and probably have a ton of questions. Let me make things a little easier for you by addressing some of the most frequently asked home buyer questions. Hopefully, these will answer most of yours: Q: How do I start my search for a home? A: The very first thing you need to do is talk to a lender. You may think you know how much you can afford but you will not really know until you have had a professional go over your finances. And as … [Read more...]
You may be moving to Los Angeles or moving within Los Angeles and you are lost as to where to start. You can use the usual suspects: Zillow, Trulia, Craigslist, Westside Rentals, but let me add another resource: www.homejane.com. If you are moving to Los Angeles you are probably not ready to buy a home right away. You will need to check out areas first and settle in. If you are moving within Los Angeles it may be because your lease is up, or your are downsizing, or you want to move … [Read more...]
See on Scoop.it - Around Los Angeles Homeowners are choosing to make home improvements rather than move, especially in this time of low inventory. The graphic below and the article show which are the most popular improvements and how they were done. Homeowners made $359 billion in home improvements from 2009 through 2011. Jane Peters www.homejane.com's insight: This seems to be a trend now. When homeowners can't move they put money into their homes. See on … [Read more...]
Let's check in in the Los Angeles real estate real estate market by neighborhood for the 1st Qtr of 2013 and compare it to the last Qtr of 2012. Which areas favor sellers and which favor buyers? The communities below exclude the cities of Beverly Hills, Santa Monica, West Hollywood, and Culver City, and the communities of Westwood, Brentwood and Century City which are covered separately, as is the Wilshire Corridor The comparison is against the last Quarter of 2012. Los Angeles … [Read more...]
West Hollywood is still one of the more affordable communities in Los Angeles. An incorporated city with a high Walk Score, West Hollywood has great dining, stores, galleries, and nightlife, and is a much sought-after neighborhood to live. Let's see how the 1st Quarter of 2013 compares to the last one in 2012. (The West Hollywood area on the MLS does include neighborhoods just around the city itself.) West Hollywood single family … [Read more...]
Culver City is one of the up-and-coming areas of Los Angeles. It is one of the more sought-after neighborhoods due to its place on the Expo line which runs from Downtown Los Angeles, to be continued to Santa Monica, and the gentrification of its downtown area with boutiques, galleries and restaurants. How did Culver City real estate fare for the 1st Quarter of 2013 compared with the 4th Qtr of 2012? Culver City Single Family … [Read more...]
