Mortgage Rates and Today’s Market

It’s still cheap to borrow, great news obviously, but how long it will it last? Home buyers hoping to get in on these historically low rates (which can save you thousands if not tens of thousands per year) should get in touch with me asap. I’ll supercharge your search by getting you into homes that fly under the radar, and can also advise you on how to win a bidding war.

As for sellers, the combination of low rates and tight inventory puts you in the drivers seat. I’m happy to provide a complimentary valuation on your property, with no obligation to go to market until you’re ready to. Aren’t you just a little curious to hear what your home is worth today? It might be more than you think. Call, text or email me anytime by clicking here.

To receive new listings by email, or to schedule a viewing click here!

Mortgage rate graphic courtesy of CNNMoney.

This entry was posted in: Deals

FYI Quick Read…

Residents and fans of Silver Lake should read Weston Phippen’s LA Times article about the “Red Car property,” a ten acre plot of undeveloped land that’s been on the market since July. While developers vie to build residential units there, preservationists (backed by city councilmen Eric Garcetti and Tom LaBonge) are saying in effect, hold on. They want the land to remain public, a refuge for people and animals in this very dense part of LA.

This entry was posted in: Deals

AIA/LA Home Tour

When: Sunday, October 28th, 11am – 4pm

Where: Hollywood Hills, Doheny/Sunset, Brentwood, Pacific Palisades

Architecture buffs, here’s your chance to get inside four of the most beautifully designed homes in LA. Offered by the American Institute of Architects, the tour features the work of noted designers Richard Berliner, Peter Grueneisen, Christopher Mercier & Douglas Pierson, and Barton Phelps.

Cost is $65 for AIA members and $75 for non-members ($85 if purchased on the day of the event). Buy your tickets and get more info at the AIA/LA website.

To receive new listings by email, or to schedule a viewing click here!

This entry was posted in: Deals

Mid Century Modern in the Hollywood Hills

List Price $1,375,000

3 bedrooms • 4 bathrooms

2,368 sf • 11,163 sf lot

This strikes me an amazing opportunity, a 1949 modern with original vintage feel in the Outpost Estates neighborhood of the western Hollywood Hills.

The home has a clean, bright, very welcoming floor plan. Lots of space, excellent flow and every room has access to an outside seating area.

There’s a pool, spa, plenty of privacy and canyon + city-lights views. A rare offering and it’s likely to sell quickly. If you’d like to see it contact me asap, here.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Brian Ades, Sotheby’s Int’l Realty, Sunset.

This entry was posted in: Deals

Buyers: Three Important Things

I had a wonderful open house yesterday, with a steady stream of buyers coming to check out my listing on Bellevue Avenue in Silver Lake. And while I got lots of positive feedback on the house (which already has offers), I also heard stories of frustration. I can understand why. This is a highly competitive time in the market, especially in some north east LA neighborhoods and at certain price points. So if you’re one of the many nice folks I’ve spoken with who has lost out on a house, or even missed out on your chance to put in a bid, here are three important things that might help you for next time.

Be ready. If you’re taking out a mortgage loan, as most buyers are, get pre-approved. And if you’re a cash buyer be sure to have your finances “in hand,” which is to say liquid and available. In both cases you are sending a signal to the seller  that yours is a serious offer and that you are prepared to make a purchase.

 

Be willing.  Sellers look for a buyer who demonstrates commitment. Your finances should be in place (see above) and you should do all you can to show your very genuine interest in the property.

 

 

Be able. By this I mean be informed. It’s easier than ever, right? Smart phones, real estate apps, but believe me, the best way to get plugged into this market is by working with a good local realtor. We communicate with each other all the time, exchanging info and intel that the internet cannot provide. So if you have any questions, or want to get a leg up in your home search, contact me anytime here.

To receive new listings by email, or to schedule a viewing click here!

This entry was posted in: Deals

Modern + Eco Friendly in Echo Park

List Price $799,000

4BDs/2.5BA in 2,160 sq. ft./lot size 3,026 sq. ft.

My regular visitors might recognize this house, which I wrote about in my post of 7/26: “Modern Architecture at Minimal Cost.” It’s the personal residence of talented architect/designer Jerome Pelayo, whose company Sunia Homes was essentially launched with this project.

Built just last year and featured on the 2012 Dwell on Design Tour, this modern, energy-efficient jewel is on the border between Echo Park and Silver Lake. Sleek in design, extremely well thought-out in terms of space and orientation, it has eco friendly features like an energy monitoring system and wood-pellet stove for heating. The location is very central, a quiet street not far from Sunset Junction. Having been toured through this property by Jerome himself, I can tell you that it’s truly special. If you’re interested I can get you in there, but advise you hurry as it will likely sell quickly. Contact me here.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Daniel R. Ortega, Sotheby’s Int’l Realty – Los Feliz

This entry was posted in: Deals

Lloyd Wright’s Dorland House in Altadena

List Price $998,000

2BDs/1BA in 1,465 sq. ft./lot size 11,463 sq. ft.

The opportunity to own a Lloyd Wright (aka Frank Lloyd Wright Jr.) home does not come around often, and to own one at this price is extraordinary. Modest in size, it won’t work for everyone. But for an individual, couple or small family, here’s a chance to own a piece of mid century design history.

The post-and-beam house was built in 1949 and features a pool, heated concrete floors and a fully renovated kitchen. Its architectural details have to been seen to be fully appreciated, and remain innovative 60 years on.

A sense of serenity was a goal in Wright’s design, with a seamless flow from indoors to out that would soothe the senses. The original owner, Mr. Dorland, must have been pleased as he wrote to the architect, “it isn’t like living, it’s like being on vacation.” To see the house for yourself, contact me here.

To receive new listings by email, or to schedule a viewing click here!

Listing courtesy of Carly Hernandez, Coldwell Banker Pasadena

This entry was posted in: Deals

1308 Bellevue Ave. in Silver Lake

List Price $499,000

2BDs/1BA in 1,296 sq. ft./lot size 4,926 sq. ft.

I’m so excited to announce my new listing, a charming 1906 bungalow that’s right near the action of Sunset Junction and other great parts of Silver Lake. I’m holding an Open House this coming Sunday, October 21st from 2-5 PM. So if you’re out looking, or are just out and about, stop by and introduce yourself. I’d love to show you around. More info and a full tour can be found on my website or at www.3108bellevue.com.

To receive new listings by email, or to schedule a viewing click here!

This entry was posted in: Deals