FYI Quick Read…

An article in yesterday’s LA Times details the pitfalls of the appraisal process. Michelle Hofmann writes: “More than a third of real estate agents say they’ve recently seen lower-than-expected appraisals hold back home sales, even though buyers and sellers had reached agreement on price.”

 

It’s just one more reason that you should give me a call. Through ten-plus years in real estate and hundreds of negotiated deals, I’ve met with a countless number appraisers. And by coming prepared, studying the market daily, I have successfully advocated on my clients behalf. Don’t let a low or inaccurate valuation derail your home purchase or sale. With me you get top-shelf assistance through all aspects of your real estate transaction. From appraisal to “z.”

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This entry was posted in: Deals

FYI Quick Read…

Kerri Ann Panchuk of HousingWire reports that housing prices rose 2.9% over last year in October. But it’s the cost of renting that really skyrocketed, up 5.1% from 2011 levels (!) If you’re someone who feels like you’re paying too much rent, contact me today. I’ll help you find the right house and can also assist your search for a sensible mortgage loan. Oftentimes payments are comparable to or even lower than what you pay in rent, so call, text or email and we’ll explore your options.

This entry was posted in: Deals

1129 N. Screenland Drive 91505

1129 N. Screenland Drive 91505

****Open House: Sunday, November 11th 1-4PM!****

1939 Magnolia Park Traditional with Guest House.
Offered at: $662,000

Type: Single Family Home / Bedrooms: 3 / Baths: 3 / Plus: 1 Bedroom & 1 Bath Guest Unit / Living Area: 2,045 Square Ft. / Lot Size: 6,564 Square Ft.

This Magnolia Park traditional features a House and detached, separate-entrance Guest House, combining for over 2000 sq. feet of living space in a central location. The light-filled main residence features 3 bedrooms, 2 bathrooms, a formal living room, kitchen and enclosed sun room. The spacious guest house has 1 bedroom, 1 bath, a full kitchen and its own private garden. Walk to the cafés, boutiques and markets of Magnolia Blvd., or pedal to the nearby Chandler Bikeway. Warner Bros., Disney, Universal and major freeways are also easily accessed from this charming, quite special property.

www.1129screenland.com

This entry was posted in: Buyer Representation

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

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

My Listing Featured in the LA Times… Again!

 

This screen-capture from today’s LA Times might look familiar. It’s a house I sold back in June (posted 6/7/12) and for the second time it’s being used as an example, the poster child for what’s happening today in real estate.

I brought 1428 Mount Pleasant Street to market at a list price of $379,000, which was quite realistic at the time. I knew it would sell, but when 73 offers came in (!) I realized a shift was occurring. The final sale price wound up at $163K over asking, and the market for my listings hasn’t let up since. I’ve handled several of what you could call “lower priced homes,” (relative to prices in our local market). And I can tell you, buyers, that demand is high, inventory is low, prices are rising and competition is fierce. But there’s a simple way around this problem: Put me to work for you. I can give you an edge in this process, with top-shelf service that comes without any financial obligation to buyers. If you’re really serious about getting into a house, no matter the price point, contact me anytime here.

And sellers? The writing is on the wall. If you’re waiting for the market to get hot, it’s already sizzling. No realtor in LA or Pasadena will worker harder or smarter to sell your home, so call me anytime for a complimentary valuation and you can decide how to proceed from there.

You can read Alejandro Lazo’s excellent LA Times article here.

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

This entry was posted in: Deals

VIDEO: My Interview on ABC World News with Diane Sawyer

I’m honored that ABC asked me to speak with them last night on their prime-time national news broadcast. And as nice as it is to be singled out as a go-to voice in real estate, the thing I like best is that 7-plus million people got to see my listing on Screenland Dr. in Burbank.

Helping my clients succeed is everything. Being an expert, that’s simply my job.

Watch the ABC News story by clicking the image above, or here.

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

This entry was posted in: Deals

You Should Know: Common Pricing Mistakes

Prices are rising and demand remains high, meaning it’s a great time to list your home. But careful, sellers. The California Association of Realtors (C.A.R.) has singled out these all-too-common pricing mistakes:

1) Too high from the start. Statistics show that homes priced correctly sell closer to “asking” than homes that start too high. A knowledgeable realtor like myself will help you avoid this pitfall and price it right from the get-go.

2) Odd list price. $864,257 might be a “lucky” number to you, but it can make your house invisible. Buyers work in price windows, for example $750,000 to $850,000. Stick to round numbers or sequences that feature “9’s,” like $799,000, $849,000, etc.

3) Ignoring local trends. Every property is unique and certainly yours might have special features that set it apart. But look around your own neighborhood. How many homes are for sale? What are they asking — and ultimately selling for? This data is easily attainable by your realtor and is the key guideline to intelligently pricing your home.

4) Refusing to negotiate. Your asking price should come with built-in flexibility, even a little of it goes a long way. Potential buyers can become actual buyers if they feel like they’re in business with someone who truly wants to close the deal.

Avoiding these common mistakes is easy. I’m happy to provide a carefully considered, fully complimentary valuation on your home, so contact me anytime by clicking here.

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

This entry was posted in: Deals

FYI Quick Read (x3)…

Lots of good news about housing today. Chris Isidore of CNN Money reports that “according to the closely watched S&P/Case-Shiller national home price index… the typical home price in July rose 1.6% compared to the previous month.” It’s a return to 2003 levels…

Which, according to a New York Times article by Shaila Dewan, is most apparent at the lower end of the housing scale. “’It’s less that the top tier is cooling than that the bottom tier is strengthening,’” said Stan Humphries, the chief economist at Zillow. “’The bulk of the recovery is due to the changes in the bottom and middle tiers.’”

Finally, Jim Puzzanghera of our local LA Times informs us that “home prices in the nation’s largest cities rose 1.6% in July to their highest level in nearly two years… adding to recent data showing the housing market finally has begun its rebound from the deep recession.”

Taken together, what does it all mean? A good time to sell your home just got even better. For a complimentary valuation of your property, contact me here.

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

This entry was posted in: Deals

FYI Quick Read…

From the Wall Street Journal’s “Developments” blog comes a report on the declining number of for-sale homes, which matters because “falling inventories are a leading driver behind the recent rally in home prices, and… point to continued price-strength in many parts of the Western U.S.” I’ll say this again to any would-be sellers out there: it is a great time to list your home. If I don’t have a buyer for you, then someone else likely will. Call me anytime for a complimentary valuation of your property.

This entry was posted in: Deals