If you are an out-of-town Los Angeles home buyer the process may be different if you have bought a home in another State. In fact it probably is. California is an escrow state. What is Escrow? Escrow is a neutral party acting between the buyer and seller in the home sales process. They are provided with […]
We have all heard the news of the Federal interest rate hike of .25% and if you are in the market to buy a home you may be wondering how rising mortgage rates will affect the Los Angeles real estate market. Reproduced with the permission of Mortgage-X.com Firstly, this all needs to be put into […]
It has been very quiet of late in the Wilshire Corridor condo market. Very little is coming on the market, either for sale or lease. We will compare the third quarter of last year with the third quarter of this year, which is no quite over but close enough. 50 units were sold. Compared to last […]
Buying a home in Los Angeles is not just a matter of putting down money for the down payment, getting a mortgage and then paying interest on that mortgage. There are other hidden costs which need to be considered: If you are getting a loan your lender will provide you with an estimate of these […]
Should I buy or should I rent a home in Los Angeles? The simple answer is if you can you should most definitely buy, but things are more complicated than that. I am the perfect example of someone who has rented all their life. I do have the excuse of not having stayed in one […]
Buying a home in Los Angeles is not just a matter of looking for one, you need to be ready to make the purchase. Without a formal confirmation from a lender that you qualify for a loan you will not be able to make an offer on a property. And in a sellers’ market you need to make yourself competitive.