Los Angeles Real Estate and Homes for Sale
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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...]
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...]
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...]
We are heading towards a Shakespearean tragedy here, extreme shortage of inventory. The Los Angeles housing market is not going to recover if there is nothing for buyers to purchase. Getting a loan is not a slam dunk, but mortgage rates are at an all time low and more than half of California home buyers can afford the median price in the state. So what is causing the anemic inventory? The expected shadow inventory of homes hasn't happened. Less people are willing to short sell their … [Read more...]
If you are thinking of buying a Los Angeles home, and certainly if you are thinking of selling a Los Angeles home you are going to be interested in recent home sales. At this time, I am not able to limit the feed to show less than 12 months of sales, but those with the shortest time on the market will come up … [Read more...]
You are in the process of selling your Los Angeles home and have hired your Los Angeles Realtor®, and you have signed the listing agreement. What's next? Now you have to plan to put your home on the market. Pricing. You will sit down with your Los Angeles Realtor®, and decide on the right list price. Your Realtor® will have provided you with sales comparables - similar homes in the area which have sold. You may want to look at how the home was originally priced. Maybe … [Read more...]
Are you getting ready to sell your home in Los Angeles? Now is the time to hire a Los Angeles Realtor®. You may be tempted to put a sign on your lawn and handle the transaction yourself, but that would not be wise. You think you are going to save money by not having to pay commission fees, but you could end up paying more. Why? The buyer knows that you are saving money and will negotiate accordingly. When it comes to negotiating you may not be able to keep your emotions at bay, … [Read more...]
If you are thinking of selling your Los Angeles home, part of the process is finding an agent who is a good fit, both for you and the home itself. After all, you are going to be in a fairly long-term relationship as far a business transactions go, so it needs to be the right one. In today's primarily sellers' market, selling your Los Angeles home would seem like a breeze. It will sell itself, right! Not necessarily. You want to get the utmost exposure for the property followed by the … [Read more...]
You are thinking of selling a Los Angeles home and are interested in finding out if your area is a seller's or buyers' market. Regardless of whether or not you are in a sellers' market look at the comps and price your home accordingly. As a Los Angeles home seller your Realtor® will check out the comps in your area and let you know where to price your home. No matter whether a sellers' or a buyers' market you will need to price your home at or very near the market price. If your home … [Read more...]
According to Trulia's latest Metro Movers Report the 5 top Los Angeles zip codes chosen by local Los Angelenos for living are: 91436, 90036, 90066, 90064, and 91604. Where are these desirable zip codes? 91436 covers upscale Encino which lies in the heart of the San Fernando Valley. 159 single family homes were sold over the past year Median price $934,000 49 Active listings Median price $1,000,000 Absorption rate* - 3.82 months 90036 includes the Fairfax district and Park … [Read more...]
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, … [Read more...]
Sharon Paxson, my colleague, a Newport Beach Realtor has written a great series on selling your home. Rather than reinvent the wheel, I am reposting the series here. Everything of course applies to selling your Los Angeles home. You have prepared to sell your Los Angeles home to sell, and you have addressed deferred maintenance, made necessary repairs, you are thinking like a buyer, you have selected your Los Angeles Realtor, and this post will be addressing managing your listing. … [Read more...]
You have decided you are selling your Los Angeles home and are starting the process of hiring a Realtor®. This is the start of what is going to be a long relationship and you need to choose carefully. How do you choose a Los Angeles Realtor®? I think the same way you choose your friends. Someone you relate to. Someone with whom you are comfortable. Someone who is going to work towards the ultimate goal, selling your home. As a Los Angeles Realtor® with a buyer I get to meet your … [Read more...]
Want to list your home attractively but, not take a ‘hit’ as a seller? There are a few misconceptions about how to set the sales price for your real estate Here are five common pricing myths and the reality behind them. Myth #1: It’s OK to test a high price on your real estate just to see if anyone will buy it at that price. If you’re serious about selling your home, don’t play games. In this buyer’s market you have a very small window of opportunity to pull in … [Read more...]
If you are thinking of selling your Los Angeles home Russel Ray, San Diego Home Inspector, has put together this fabulous list of items to consider addressing in order to help the process go smoother. Once a buyer as made an offer on your Los Angeles home and you have accepted part of the process is going to be an inspection on the part of that buyer. The home inspector will go over your home with a fine tooth comb and will report all his findings to the prospective buyer. That's when … [Read more...]
Or should I sell it As Is? Is your home a standard/equity sale? Are you considering selling your Los Angeles home? Do you have some repair items that need your attention? Do you have paint that is peeling, baseboards that need touch up (or replacing), screens that need repair or replacing? Do the windows open? Are there water stains on the ceiling? There are SO many considerations when you are considering selling your Los Angeles home. Unless you are willing to "discount" your sales price, … [Read more...]
If you are thinking of selling your Los Angeles home, or are actually in the process of trying to sell it, you might consider a reverse offer. What is a reverse offer? A reverse offer is counter to what normally happens in the home buying process, where the buyer presents an offer to the seller. A house has been languishing on the market and there have been no offers, what do you do. You think of taking control of the reins and make an offer to a buyer. These reverse offers are not … [Read more...]
Should I buy a Los Angeles home in a short sale or foreclosure? Should I sell my home as a short sale or allow the bank to foreclose? These are questions faced by many Los Angeles home buyers and sellers in today's tough times. What is a short sale? A short sale is when a home owner opts to sell his home for less than he owes on the mortgage, rather than let the bank foreclose on him. Technically the hit on his credit and future home buying power is supposed to be less with a short … [Read more...]
So, you have been thinking of selling your Los Angeles home for some time but but have been waiting out the market. Depending on your reasons for selling you should consider now as a great time. Whenever you want to sell is the right time! Los Angeles Home Buyers are Out There I have Los Angeles home buyers who have been looking for a few months now to buy a home. One is looking for a duplex for sale in Silver Lake or a duplex for sale in Echo Park, and the other, a three-bedroom … [Read more...]
