Los Angeles Real Estate and Homes for Sale
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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...]
The last phase of the escrow process when selling your Los Angeles home, will be the signing of the grant deed, oh and of course, receiving your money. All that is left for you to do is move. Hopefully, you will have made all the preparations in advance. Order all utilities to be shut off on the day of closing. This will allow the buyer to transfer them into his or her name without them having to have the service reconnected. You will have everything packed and ready to go, and the … [Read more...]
This is the fourth part of the series on Selling your Los Angeles home, in which we will go over what is involved in the escrow process. What is escrow? Simply put, escrow is the handling of the contract by a neutral party which will ensure that the terms of the contract are met by both sides and all monies will be disbursed by them upon satisfactory fulfillment of the contract by both parties. What happens during the escrow period? Below is an overview of what to expect during … [Read more...]
Continuing on in the series Selling a home in Los Angeles, we will discuss the next phase which is when the offers start to come in. Hopefully you have priced your home to sell and will get interest quickly. Today, homes are at a premium. It is a sellers' market and buyers are looking for good properties. You will likely get into a multiple offer situation. Let's first talk about how to handle a single offer scenario. You will work with your Los Angeles Realtor® to determine the … [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...]
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...]
This is a frustrating time if you are working in Los Angeles real estate. And it is pretty much the same all over the country. Sellers are holding back from putting their homes on the market. I presently have buyers looking in all ranges and the pickings are slim. What is on the market has been on the market for a while, and anything that does come up doesn't stay on the market long. Los Angeles home sellers, don't be shy. I know you will get a lot of attention if you put your … [Read more...]
You are thinking of selling your Los Angeles home and have an idea in your head of the price. After all you paid a certain amount for it and should be making a profit on it, or at least getting your money back out. And, this is how your see your home, after all it is your palace: You should get your money back and more, right? Not necessarily. If you bought at the height of the market, right now you would be selling at or near the bottom. And even if you bought after prices … [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...]
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 are thinking for remodeling your Los Angeles home but don't quite know what to do that will get you the best bang for your buck. Houselogic.com recently put together a list of 7 remodeling projects that make the most sense. So what do they think are the most important? Value Siding Vinyl siding is inexpensive, durable and easy to install. One would think it might look cheap, but it comes in many colors and varieties, including having a foam backing which helps with … [Read more...]
Just so that everyone has a clear understanding - California Senate Bill 183 was signed into law to regulate the installation of carbon monoxide detectors. The law is a two-part law that requires an update to the Transfer Disclosure Statements used in a real estate transaction, and puts into law the Carbon Monoxide Poisoning Prevention Act of 2010. The first part of the new law requires that as of July 1, 2011, Transfer Disclosure Statements (TDS forms) include a line item regarding the … [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...]
You are downsizing from a large Los Angeles home and are not quite ready to buy. You want to get the feel of living in a condominium before you jump in to buy one. After all, it is a completely different lifestyle. Downsizing your Los Angeles home doesn't mean you have to cramp your lifestyle. Depending on your price range there are quite a few 2 and 3 bedroom condominiums and houses to choose from with a minimum of 2,500 sq. ft. of living space. If you truly want to spoil yourself, … [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...]
How to Determine the Value of Your Los Angeles Home Are you considering selling your Los Angeles home? If you are, it is important to establish value of your Newport Beach property. There are several manners to determine value of your home. Comparative Market Analysis One of the most important starting points is to talk to a professional Realtor®. A Realtor® will look at recent sales in the area with homes that are comparable to your home. A Realtor® will consider condition, … [Read more...]
