Real Estate Zen

 

photo by Steffi Victorioso

We came across this LAMag story about Skyscraper Yoga and instantly thought that this is a perfect class for someone that is buying or selling a home! Nothing like a view that reaches beyond the horizon to remind us of the infinity of opportunities that await at every corner. The yoga sessions are held every 4th Saturday at 6 am on the deck of OUE Skyspace LA at the US Bank Tower, California’s tallest open-air observation deck, where you can greet the sunrise, “ommm”, and contemplate the expanse of our abundant landscape with thousands of homes – a boundless sea of possibilities. There is a class this Saturday, August 26th, and one more session is scheduled on September 23rd; more details here or you can call (213) 894-9000 to see if you can reserve a spot.

photo by Steffi Victorioso

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You Can Buy a Home – Let Warmington Residential Show You How

Warmington Residential, Wells Fargo Home Mortgage and Tracy Do invite you to a free workshop,
“How to Buy a Home.”  RSVP to claim your spot.


Owning a home is more within reach than many people realize, and has advantages over renting. Discover how much home you can afford, what is required for a down payment, your financing options — and more. We’re here to provide knowledge and answer your questions, so that you can make great decisions and take control.

• When: Saturday, August 12 at 10AM
• Where: Concorde Career College
• 12412 Victory Blvd, North Hollywood 91606

Attend and win a $100 tablet! RSVP is required and you must be present to enter the raffle. Refreshments will be served.

_____________________________________________________

Warmington Residential is the proud builder of these new
home communities which are now accepting reservations:

The Glen LA. Spacious new single-family homes in Valley Glen with 3 bedrooms,
3.5 bathrooms, an attached two-car garage and private rooftop deck with 360° views.
Starting in the high $600,000’s. www.theglenla.com.

The E.R.B. Mixed-use and single-family residences in Eagle Rock with up
2,600 square feet of space. Starting in the high $700’000’s. www.theerb.com.

RSVP by email or call our sales team at 818-572-6589.
We look forward to seeing you!

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The Digital Future: is the Real Estate Industry going Virtual?

The ERB Homes | 3D model | in-progress rendering

 

Technology is a huge part of our lives; we use tech to help us with all the human needs: to order our meals, to clothe ourselves, to find partners, to connect with friends. All searches, no matter how existential or material, begin online. It thus makes perfect sense that searching for a home involves the internet. So how does this influence the real estate industry? Here are some of the ways, as reported in today’s Washington Post:

“1 in 3 people who bought a home in the last year said that they made an offer without seeing it in person. Millennials were even more likely to have made an offer sight-unseen, with 41 percent saying they had done so, compared with 30 percent of Gen-Xers and 12 percent of baby boomers.”

 

While a few years ago this sort of thing would have been unthinkable, today, when online shopping is so common and we are accustomed to purchasing based on a picture, it doesn’t appear so unusual. Virtual home buying seems particularly relevant when new developments are concerned — which is why we are creating 3D Virtual Tours of the two up-and-coming communities we are working with, the GlenLA and the ERB Homes. We are super excited — stay tuned for an official announcement and join the interest lists to keep up to date.

That said, this method will prove tricky if you are shopping for an older home that really needs a hands-on inspection. And even with a new construction it is difficult to really get a sense of a space with a virtual visit alone . . . what if the noise levels from a nearby freeway are too loud, or if the hill leading to the entrance is too steep? That is why even in these digital times having an agent remains imperative: someone to represent your interests and to look out for you, to vet the property if you are buying, and to make sure that your buyer is trustworthy if you are selling. To sum up, no technology can substitute a knowledgable realtor, but combine a great agent that is committed to your goals (i.e. member of Tracy Do team) with cutting edge technology, and you will have a serious advantage, crucial in this competitive market.

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The Glen LA – Reserve Your Home Today!

This coming fall The Glen LA will open to the public, offering the First Phase of 8 beautiful new homes for sale. You can reserve yours today as part of our exclusive pre-sale program.

Why reserve now? Because early buyers enjoy tremendous benefits including:

First choice of location.
The ability to customize your home to your specific taste.
Increased buying power with access to pricing incentives that are not available to anyone else.

For the first 3 home buyers, Warmington Residential is offering a BONUS PACKAGE of incentives toward your purchase.

Prices at The Glen LA start in the high $600,000’s for a detached single-family residence with 3 bedrooms, 3.5 bathrooms, an attached two-car garage and private rooftop deck. Head to  theglenla.com to view floor plans, a site map, and an impressive list of included features.

For more information and to book your private tour, email info@theglenla.com or call our sales team at 818-572-6589.

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Painting the town a cool grey

We knew already that LA is the city of cool, but it is now official: our fair town is the first in all of the US to test the on-road use of cool pavement to combat urban heat. If you missed the NY Times piece, it’s worth taking a look- the story reports that a pilot CoolSeal coating of a few Canoga Park streets just weeks ago has the local residents already feeling noticeably cooler. Los Angeles’s chief sustainability officer, Matt Peterson,  said that “test applications of this innovative street coat shown a 10-degree reduction in heat gain”, which is an impressive number that is certain to have positive effects on energy costs and will greatly benefit Angelino home owners.  It’s great to see the city actively working towards a more sustainable future in its practices – this is just one measure among many initiatives, including  ongoing work on implementing local solar and improving the air quality, that are a part of the Sustainable City pLAn that you can learn more about here.

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State of the market: strong and stable

It is no secret that Los Angeles has been undergoing a real estate boom: the latest Zillow “Real Estate Market Report” puts the median price for Los Angeles and O.C. home at $604,400, a rise of 6 percent compared with last year. Meanwhile, the New York Times California Today edition this morning cites a new report from data company CoreLogic  of $1 million homes in the state in the first part of the year have risen, while sales for less than $500,000 were at an all-time low.

The good news is is that is that while the market is at a high point, it is also quite stable. A case in point is this Q&A with Robert Sulentic, chief executive of Fortune 500 CBRE Group over at LAtimes, a nice overview of the state of affairs that hits all the main points of why LA’s market position is stable and confident. Reason one: Los Angeles, unlike SF and San Jose, has strong job growth. Secondly, a city with historic neighbourhoods, scenic mountains and beaches, Los Angeles is also quite expansive, making it an attractive place to tech industry that’s feeling the lack of office space in Silicon Valley. LA’s emissions program is another big draw, particularly for millennials that are looking to move to a cleaner and more environmentally friendly city.

Sulentic goes on to say that he expects that the economy will sustain growth into next year and describes the market at its most organized that he had ever seen in his long career: “The industry is capitalized and managed more transparently and thoughtfully than it has been historically, with less easy money floating around. Banks got smarter, equity sources got smarter and developers got smarter and more conservative. Compared to 25 years ago, the business is more transparent, professional and institutional. That makes a crash less likely.” And, might we add, the interest rates are low, so this remains a great time to become a home owner. The market will prove challenging to navigate without guidance, so do reach out if you are thinking of buying or selling- we are just a message (or a phone call) away.

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Up-and-coming neighbourhood : the Valley Glen

Delighted to see the wonderful neighbourhood of The Glen LA Homes, Valley Glen, profiled in the Los Angeles Times. A great overview of its rich history and a forecast that we couldn’t agree more with – indeed, Valley Glen is “really starting to take off” with new home construction, restaurants and retailers on the way. We are so proud to take part of this great neighbourhood’s growth – contact us to learn more about the new The Glen LA Homes at info@theglenla.com and visit http://www.theglenla.com/ for more information.

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Reading LA with Eve Babitz

 

It’s  always a special pleasure to read books set in Los Angeles and realize, time and time and again, how lucky we are to live in this mythical and storied city. The 1960’s and 70’s LA in particular has a special aura about it, an atmosphere that Eve Babitz, whose work was recently reissued by New York Review Books Classics, captured so well. The tomes in question are “Eve’s Hollywood”, first published in 1974 is a fictional memoir, and the essay collection “Slow Days, Fast Company: The World, the Flesh, and L.A.,” which originally saw light in 1977.  Both books draw on Babitz’s  glittering  coming of age in the post-war Los Angeles: born in 1943 to a musician father and an artist mother and with a Igor Stravinsky as a godfather, Eve was the muse that inspired Jim Morrison to write LA Woman , a romantic interest of Ed Ruscha and a belle de jour that gained notoriety when photographed while playing chess with Marcel Duchamp au naturel at Duchamp’s retrospective at the Pasadena Museum of Art in 1963. Babitz’s prose is brilliant and cool –  get a taste of it over at the Curbed LA’s amazing “Eve Babitz’s guide to Los Angeles” , which they describe as a “tour of the writer’s sexy, smoggy city of the 1960s and ’70s”.

 

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In the News!

So pleased to have our Silver Lake listings showcased on CurbedLA this week. You don’t want to miss seeing this stunning historic Craftsman in person – stop by our Open House this Sunday, from 2-4PM at 1149 Manzanita St., 90029.

We’ve actually been fortunate to appear in Curbed on numerous occasions lately: Tracy recently returned to Open Thread to answer questions and comment on the state of LA Real Estate market (find some helpful tips on bidding alongside all-cash buyers and suggestions for the first time home buyers at the link), and COVO, our listing of 10 small lot homes in Silver Lake, was the topic of a CurbedLA feature just 2 weeks ago.

Meanwhile, COVO and its builder, Planet Home Living, also enjoyed a mention in the LA Times:

Last weekend, builder Planet Home Living held a grand opening for a Silver Lake 10-home subdivision built on small lots. Before any prospective buyers showed up, six of the $1-million houses were already in escrow after the Newport Beach firm contacted people who signed a list of interested buyers.
“Four hundred people on an interest list, that’s a lot for 10 homes,” said the company’s chief executive, Michael Marini. “Anything in L.A. that we build, it sells out immediately.”

The response has indeed been tremendous, so if you are interested in COVO, do let us know – only 2 homes remain at this time. We’ll be open this Saturday, May 6 & Sunday, May 7 from 2-5PM, find us at 1433 Waterloo St. 90026.

 

 

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