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Let’s check out the Santa Monica real estate market so far this year. It is easier to break Santa Monica down into zip codes for price points.
As an overview, there were 225 Santa Monica single family homes sold over the past year at a median price of $1,500,000
Active listings: 58, at a median price of $1,499,500
Based on sales over the past 6 months, there is 3.55 months’ worth of inventory or absorption rate.*
For condos, there were 282 Santa Monica condos sold over the past year at a median price of $647,400
Active listings: 120, at median price of $797,000
Based on sales over the past 6 months, there is 4.77 months’ worth of inventory or absorption rate.*
This is how the above numbers break down by Santa Monica zip code:
90401
Single Family:
Sold: 2 - median price $1,875,000
Condos:
Sold: 9 – median price $531,000
Active Listings: 2 – median price $447,000
Absorption rate: 2.99 months
90402
Single family:
Sold: 86 – median price $2,352,500
Active listings: 23 – median price $3,145,000
Absorption rate: 3.21 months
Condos:
Sold: 16 – median price $1,025,000
Active listings: 23 – median price $1,250,000
Absorption rate: 8.61 months
90403
Single family:
Sold: 36 – median price $1,440,000
Active listings: 7 – median price $1,450,000
Absorption rate: 3.5 months
Condos:
Sold: 124 – median price $750,059
Active listings: 44 – median price $797,000
Absorption rate: 4.89 months
90404
Single family:
Sold: 8 – median price $595,500
Active listings: 7 – median price $899,000
Absorption rate: 21.21
Condos:
Sold: 72 – median price $505,000
Active listings: 20 – median price $489,000
Absorption rate: 3.87 months
90405
Single family:
Sold: 93 – median price $1,016,500
Active listings: 24 – median price $1,313,500
Absorption rate: 3.79 months
Condos:
Sold: 94 – median price $611,250
Active listings: 31 – median price $779,000
Absorption rate: 4.04 months
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/santa-monica-real-estate-update-january-2012.html#ixzz1lpMcgPqY
According to Trulia’s latest Metro Movers Report the 5 top Los Angeles zip codes chosen by local Los Angelenos for living are: 91436, 90036, 90066, 90064, and 91604.
Where are these desirable zip codes?
91436 covers upscale Encino which lies in the heart of the San Fernando Valley.
159 single family homes were sold over the past year
Median price $934,000
49 Active listings
Median price $1,000,000
Absorption rate* - 3.82 months
90036 includes the Fairfax district and Park La Brea | Miracle Mile.
91 single family homes were sold over the past year
Median price $950,000
Active listings 25
Median price $999,100
Absorption rate* 3.19 months
90066, covers Mar Vista
260 single family homes were sold over the past year
Median price $726,000
Active listings 51
Median price $688,800
Absorption rate* 2.41 months
90064, covers West L.A., Cheviot Hills and Rancho Park
169 single family homes sold over past year
Median price $906,000
Active listings 41
Median price $849,000
Absorption rate* 3.47 months
91604, is Studio City
232 single family homes were sold over the past year
Median price $805,500
Active listings 74
Median price $999,450
Absorption rate* 3.96 months
*Absorption rate is the number of months inventory (in this case based on the past 6 months sales)
6 months is a balance market
Above 6 months is a buyers’ market
Below 6 months is a sellers’ market
Los Angeles home sellers in the above areas should be doing well. There is little inventory and buyers ready to buy.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/5-top-los-angeles-zip-codes.html#ixzz1liO8Umxj
Let’s take a look at how Downtown Los Angeles condos fared over the past year.
For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.
Market absorption indicates the amount of time it will take to sell the existing inventory on the market. Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.
Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.
91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.
Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.
The median price has declined slightly over the previous 12 months, but the sold to list price has increased.
Only two sales in this category were either a short sale or foreclosure.
The media price has increased, as has the sold price to list price.
With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.
The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live, and EVO, and sales in this price range are slow, with over two years’ worth of inventory.
Showing properties 1 - 25 of 127. See more Downtown Los Angeles Condos for Sale.
(all data current as of 2/2/2012)
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1 bed, 1.0 baths
Home size: 990 sq ft
Year built: 1923
Days on market: 4
-
2 beds, 2.0 baths
Home size: 1,323 sq ft
Year built: 1982
Parking spots: 2
Days on market: 4
-
0 beds, 1.0 baths
Home size: 650 sq ft
Year built: 1922
Days on market: 7
-
0 beds, 1 full bath
Home size: 760 sq ft
Year built: 1910
Days on market: 9
-
1 bed, 1 full bath
Home size: 650 sq ft
Year built: 1923
Days on market: 9
-
1 bed, 1 full, 1 part baths
Home size: 2,310 sq ft
Year built: 2007
Parking spots: 2
Days on market: 10
-
0 beds, 1 full bath
Home size: 630 sq ft
Lot size: 1.23 ac
Year built: 2006
Parking spots: 1
Days on market: 10
-
3 beds, 3 full baths
Home size: 1,291 sq ft
Lot size: 11,982 sq ft
Year built: 1987
Parking spots: 2
Days on market: 11
-
1 bed, 2.0 baths
Home size: 1,610 sq ft
Year built: 1930
Days on market: 11
-
3 beds, 2 full baths
Home size: 1,030 sq ft
Lot size: 3.38 ac
Year built: 1983
Parking spots: 4
Days on market: 11
-
2 beds, 2 full baths
Home size: 1,186 sq ft
Lot size: 3.17 ac
Year built: 2005
Days on market: 11
-
2 beds, 2 full, 1 part baths
Home size: 2,346 sq ft
Year built: 2008
Parking spots: 2
Days on market: 11
-
2 beds, 2 full, 1 part baths
Home size: 2,384 sq ft
Year built: 2008
Parking spots: 2
Days on market: 11
-
2 beds, 2.5 baths
Home size: 2,239 sq ft
Year built: 2008
Parking spots: 2
Days on market: 11
-
2 beds, 2.0 baths
Home size: 1,340 sq ft
Year built: 1986
Days on market: 13
-
1 bed, 1 full bath
Home size: 926 sq ft
Lot size: 3.38 ac
Year built: 1983
Parking spots: 2
Days on market: 16
-
1 bed, 1 full bath
Home size: 1,052 sq ft
Year built: 2007
Days on market: 17
-
3 beds, 3 full baths
Home size: 1,356 sq ft
Lot size: 1.16 ac
Year built: 1990
Parking spots: 4
Days on market: 22
-
1 bed, 1 full bath
Home size: 500 sq ft
Year built: 1923
Days on market: 22
-
2 beds, 2 full baths
Home size: 1,030 sq ft
Lot size: 1.64 ac
Year built: 2006
Parking spots: 4
Days on market: 23
-
1 bed, 1.0 baths
Home size: 960 sq ft
Year built: 2007
Parking spots: 1
Days on market: 23
-
2 beds, 2 full baths
Home size: 1,193 sq ft
Year built: 1983
Parking spots: 2
Days on market: 25
-
2 beds, 2.0 baths
Home size: 1,520 sq ft
Year built: 2005
Parking spots: 2
Days on market: 25
-
1 bed, 1.0 baths
Home size: 800 sq ft
Year built: 1912
Parking spots: 1
Days on market: 27
-
3 beds, 3.0 baths
Home size: 3,020 sq ft
Year built: 2007
Parking spots: 3
Days on market: 27
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/downtown-los-angeles-condos-market-report.html#ixzz1lMgKyICY
There are presently 96 listed condos for sale on the Wilshire Corridor.
Three units have been on the market for over two years: two at La Tour, and one at the Marie Antoinette.
Four units have been on the market for over one year: one at The Californian, one at La Tour, one at The Remington, and one at 10560 Wilshire.
12 units have been on the market for over 6 months.
7 units are listed as Short Pay (I am relying on the MLS here): two at the Marie Antoinette, one at 10560 Wilshire, one at The Mirabella, one at Wilshire Selby East, one at Wilshire Selby West, and one coming up at The Grand.
There is one foreclosure noted in the MLS, at The Wilshire Holmby.
One bedroom condos
16 are available from $310,000 to $799,000, with homeowners dues from $500,000 at the Wilshire Selby West, to $2,233 at The Wilshire Terrace.
Two bedroom condos
48 units are available from $355,000 at The Churchill, to $3,100,000 at Blair House. Homeowners dues from $549 at the Wilshire Marquis to $2,987 at The Californian.
Three bedroom condos
There are 20 units available from $399,000 at the Marie Antoinette to $13,795,000 at The Carlyle. Homeowners dues from $1,283 at the Marie Antoinette to $3,370 at The Remington penthouse.
Four bedroom condos
There are 4 units from $735,000 at The Westholme to $11,995,000 at The Californian. Homeowners dues from $1,610 to $3,409.16 respectively.
The new Beverly West is not included in the above overview.
Available 3 -bedroom condos on the Wilshire Corridor
You can also check out the Wilshire Corridor 2011 Market Report.
Showing properties 1 - 25 of 30. See more 3 Bedroom Wilshire Corridor Condos.
(all data current as of 2/2/2012)
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3 beds, 3.5 baths
Home size: 2,677 sq ft
Year built: 1989
Days on market: 7
-
3 beds, 2 full, 1 part baths
Home size: 1,824 sq ft
Lot size: 31,461 sq ft
Year built: 1963
Parking spots: 2
Days on market: 13
-
3 beds, 4.5 baths
Home size: 3,535 sq ft
Year built: 2009
Parking spots: 2
Days on market: 22
-
3 beds, 4.5 baths
Home size: 3,535 sq ft
Year built: 2009
Parking spots: 2
Days on market: 22
-
3 beds, 3 full baths
Home size: 1,937 sq ft
Year built: 1961
Days on market: 25
-
3 beds, 5.0 baths
Home size: 3,216 sq ft
Year built: 1958
Parking spots: 2
Days on market: 28
-
3 beds, 4.5 baths
Home size: 3,535 sq ft
Year built: 2009
Parking spots: 2
Days on market: 29
-
4 beds, 4 full, 1 part baths
Home size: 5,383 sq ft
Year built: 1980
Parking spots: 6
Days on market: 29
-
4 beds, 3 full baths
Home size: 2,719 sq ft
Lot size: 11,096 sq ft
Year built: 1977
Parking spots: 4
Days on market: 55
-
3 beds, 4.0 baths
Home size: 3,602 sq ft
Year built: 1982
Parking spots: 4
Days on market: 85
-
3 beds, 3 full baths
Home size: 2,076 sq ft
Lot size: 31,569 sq ft
Year built: 1989
Parking spots: 4
Days on market: 106
-
3 beds, 3.5 baths
Home size: 2,368 sq ft
Year built: 1982
Parking spots: 2
Days on market: 116
-
4 beds, 7.0 baths
Home size: 7,976 sq ft
Year built: 2011
Days on market: 119
-
3 beds, 3.5 baths
Home size: 3,813 sq ft
Year built: 2011
Days on market: 119
-
3 beds, 3.5 baths
Home size: 3,813 sq ft
Year built: 2011
Days on market: 119
-
3 beds, 3.5 baths
Home size: 3,813 sq ft
Year built: 2011
Days on market: 120
-
3 beds, 3.5 baths
Home size: 3,190 sq ft
Year built: 1990
Parking spots: 2
Days on market: 134
-
3 beds, 3 full, 1 part baths
Home size: 3,341 sq ft
Year built: 2005
Parking spots: 2
Days on market: 156
-
4 beds, 5 full, 1 part baths
Home size: 5,957 sq ft
Year built: 1989
Parking spots: 8
Days on market: 179
-
4 beds, 3.0 baths
Home size: 2,038 sq ft
Year built: 1976
Days on market: 208
-
4 beds, 4.5 baths
Home size: 6,480 sq ft
Year built: 2006
Parking spots: 4
Days on market: 219
-
3 beds, 2 full, 1 part baths
Home size: 1,459 sq ft
Year built: 1962
Parking spots: 4
Days on market: 244
-
3 beds, 3.5 baths
Home size: 2,776 sq ft
Year built: 1991
Parking spots: 2
Days on market: 288
-
3 beds, 3.5 baths
Home size: 5,519 sq ft
Year built: 2009
Parking spots: 2
Days on market: 330
-
3 beds, 4.0 baths
Home size: 3,143 sq ft
Year built: 1990
Parking spots: 2
Days on market: 415
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/wilshire-corridor-condos-market-overview.html#ixzz1lFhQhNWt
I read Susan Haughton's post recently discussing how effective holding open houses is these days. A few years ago that was the best way for a home buyer to find Los Angeles homes for sale.
Things have changed, and Los Angeles home buyers are increasing searching online for listings. Even if they are using the services of a Los Angeles Realtor®, they continue to use the internet on their own.
When something comes up that interests a buyer they generally want to see that property immediately and not wait until the open house which might be a week or so ahead. Especially in this market where good new inventory is few and far between. And by “good”, priced right is the main criterion.
Most often a home will sell because Realtors® on the lookout for a particular property for their client will have seen it come on the market and alerted their buyers immediately. No one is going to want to wait for the open house. There will be other parties wanting to see the same property also, and generally the listing agent will agree to show before the open house.
A great house is probably already “sold” before the day of the open house, and the chance of a buyer accidentally falling upon it that day is slim to none. So, many Los Angeles homes for sale will have the good fortune of being sold quickly and never make it to the open house day.
Search Recent Homes for Sale in Los Angeles
Showing properties 1 - 25 of 149. See more Recent Los Angeles Homes for Sale.
(all data current as of 1/30/2012)
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2 beds, 2.0 baths
Home size: 1,437 sq ft
Year built: 1975
Parking spots: 3
Days on market: 1
-
4 beds, 3.5 baths
Home size: 2,083 sq ft
Lot size: 5,459 sq ft
Year built: 1939
Days on market: 1
-
2 beds, 2.0 baths
Home size: 1,585 sq ft
Year built: 2006
Parking spots: 2
Days on market: 1
-
2 beds, 2.0 baths
Home size: 1,439 sq ft
Year built: 1975
Parking spots: 2
Days on market: 1
-
3 beds, 3 full, 1 part baths
Home size: 2,480 sq ft
Lot size: 6,750 sq ft
Year built: 1923
Parking spots: 2
Days on market: 1
-
2 beds, 2.5 baths
Home size: 1,376 sq ft
Year built: 1978
Parking spots: 2
Days on market: 1
-
6 beds, 5.5 baths
Home size: 4,449 sq ft
Lot size: 11,020 sq ft
Year built: 1962
Parking spots: 2
Days on market: 1
-
2 beds, 2 full baths
Home size: 1,113 sq ft
Lot size: 18,491 sq ft
Year built: 1962
Parking spots: 1
Days on market: 1
-
3 beds, 1 full, 1 part baths
Home size: 1,714 sq ft
Lot size: 3,040 sq ft
Year built: 1924
Parking spots: 2
Days on market: 1
-
2 beds, 3.0 baths
Home size: 1,942 sq ft
Year built: 1974
Days on market: 1
-
2 beds, 2.5 baths
Home size: 2,252 sq ft
Year built: 1964
Parking spots: 2
Days on market: 1
-
4 beds, 4.0 baths
Home size: 2,801 sq ft
Lot size: 5,260 sq ft
Year built: 1926
Parking spots: 2
Days on market: 1
-
2 beds, 1.0 baths
Home size: 1,128 sq ft
Lot size: 3,675 sq ft
Year built: 1923
Days on market: 1
-
3 beds, 1 full bath
Home size: 1,166 sq ft
Lot size: 5,500 sq ft
Year built: 1913
Days on market: 2
-
2 beds, 2 full baths
Lot size: 6,370 sq ft
Year built: 1959
Parking spots: 2
Days on market: 2
-
5 beds, 6.0 baths
Home size: 5,600 sq ft
Lot size: 17,071 sq ft
Year built: 1961
Days on market: 2
-
2 beds, 1 full, 2 part baths
Home size: 1,181 sq ft
Year built: 1985
Parking spots: 2
Days on market: 3
-
2 beds, 1 full, 1 part baths
Home size: 1,265 sq ft
Year built: 1970
Parking spots: 2
Days on market: 3
-
4 beds, 6.0 baths
Home size: 4,559 sq ft
Lot size: 6,360 sq ft
Year built: 1975
Days on market: 3
-
2 beds, 1 full, 1 part baths
Home size: 1,331 sq ft
Lot size: 5,440 sq ft
Year built: 1937
Parking spots: 2
Days on market: 3
-
2 beds, 3.5 baths
Home size: 1,400 sq ft
Year built: 2008
Days on market: 3
-
2 beds, 2.5 baths
Home size: 1,160 sq ft
Year built: 2008
Days on market: 3
-
3 beds, 2.0 baths
Home size: 1,144 sq ft
Lot size: 5,280 sq ft
Year built: 1910
Days on market: 3
-
3 beds, 1.75 baths
Home size: 1,986 sq ft
Lot size: 10,097 sq ft
Year built: 1955
Parking spots: 2
Days on market: 4
-
4 beds, 3.5 baths
Home size: 3,650 sq ft
Lot size: 8,015 sq ft
Year built: 1926
Days on market: 4
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/is-the-los-angeles-open-house-going-the-way-of-the-dodo.html#ixzz1kyuEp91y
According to the National Association of Realtors’ 2011 Profile of Home Buyers and Sellers, home buyers’ use of a Realtor® is on the rise.
89% of home buyers used a real estate agent in 2011, a 7.23% increase over the previous year and a 29% increase over 2001. These figures account for all sales, 
whether a short sale or even a For Sale by Owner (FSBO). The reason? Because buyers increasingly realize they need the help of an agent to help them navigate the complexities of the process.
How did the rest of the home buyers buy? The report shows that 7% bought through a builder and 4% directly from the previous owner.
There is no indication of whether these home buyers started the process on their own or with a Realtor® but the result is the majority ended by using one.
So if you are buying a Los Angeles home follow the trend. Use a Los Angeles Realtor®.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/home-buyers-use-of-an-agent-on-the-ris.html#ixzz1kmVdWoTR
Los Angeles home sellers often contact me to help them find a home to buy or rent.
Knowing that they are obviously already working with a Realtor® my first question is, “have you asked your current Realtor® to help you?”
Today I received one of those calls from a lovely lady who said, and I kid you not, “Oh no. He is so busy selling my home I didn’t want to bother him.” Now don’t get me wrong. I am certainly more than willing to help someone who is buying a Los Angeles home, but the right thing to do is make sure that their present 
Realtor® knows about it.
I know that many people don’t understand how we Realtors® earn our keep. If we are not buying, selling, or renting properties we are starving. We do not earn a salary, and most of us don’t have sugar daddies. So, if I were that listing agent and found out that my client had bought a property through another agent I would not be happy.
Conversely, if a prospective home buyer came to me, as this lady did, asking about a property with the intention of eventually having her agent write up the contract, guess who would not be happy.
I informed the buyer of the ways of the Realtor® world, which included the fact that she should not be doing the work herself. I like to think that we do work for our money and are not just paper pushers. She should make sure her listing agent works with her on her search. I am sure he will be only too happy to oblige.
So, if you have a Los Angeles Realtor® already, they are going to be able, and will be extremely happy to, help you with your next real estate transaction. And it is really the right thing to do.
Of course if things don’t work out, you know who to call.
Search Homes for Sale in Los Angeles
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/selling-your-los-angeles-home-and-buying-another.html#ixzz1kWa0hf3t
We are back to the point about buying a Los Angeles home for a bargain. You generally get what you pay for.
If you are thinking of buying a home at a foreclosure auction then beware of unknown matters that could pop up, as you will probably not be offered title insurance on the property. In a regular sale, the Seller will be paying for your title insurance. You could be inheriting a bunch of problems which will make it difficult for you when it comes to selling the property.
What matters are we talking about here?
1. Property Taxes
2. Senior Liens
3. HOA Liens if the foreclosing lien is not a first mortgage
4. Federal taxes (IRS has 120 redemption period)
5. Mechanics’ liens that have priority
6. Quiet Title Action due to fraud
7. City Government liens (sewer, trash, abatement, etc.)
8. Federal judgement liens
9. Bankruptcies (if no evidence of the Automatic Stay lifted)
10. Easements, Agreements, and CC&Rs.
You may be able to get a binder from a title company to insure a future transaction ,which may require you to clear all existing matters before an actual sale or refinance.
The foreclosure is not quite the bargain it first seems.
Search Los Angeles Foreclosures for Sale
Showing properties 1 - 25 of 381. See more Los Angeles Foreclosures.
(all data current as of 1/22/2012)
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2 beds, 1 full bath
Home size: 796 sq ft
Lot size: 4,126 sq ft
Year built: 1925
Parking spots: 2
Days on market: 3
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3 beds, 1.0 baths
Home size: 1,115 sq ft
Lot size: 4,101 sq ft
Year built: 1953
Days on market: 3
-
2 beds, 2.0 baths
Home size: 990 sq ft
Year built: 2006
Days on market: 3
-
2 beds, 1 full bath
Home size: 1,400 sq ft
Lot size: 5,586 sq ft
Year built: 1910
Days on market: 3
-
2 beds, 1 full bath
Home size: 688 sq ft
Lot size: 4,356 sq ft
Year built: 1924
Days on market: 3
-
2 beds, 2.0 baths
Home size: 1,150 sq ft
Year built: 2005
Days on market: 3
-
2 beds, 1 full bath
Home size: 1,464 sq ft
Lot size: 5,857 sq ft
Year built: 1914
Parking spots: 2
Days on market: 3
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4 beds, 3.0 baths
Home size: 2,483 sq ft
Lot size: 10,967 sq ft
Year built: 1984
Parking spots: 6
Days on market: 3
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3 beds, 1 full bath
Home size: 1,064 sq ft
Lot size: 5,524 sq ft
Year built: 1955
Parking spots: 2
Days on market: 4
-
2 beds, 1.0 baths
Home size: 910 sq ft
Lot size: 6,664 sq ft
Year built: 1925
Days on market: 4
-
3 beds, 1 full bath
Home size: 1,212 sq ft
Lot size: 4,840 sq ft
Year built: 1926
Parking spots: 1
Days on market: 4
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1 bed, 1 full bath
Home size: 480 sq ft
Lot size: 5,154 sq ft
Year built: 1920
Parking spots: 1
Days on market: 4
-
3 beds, 1 full bath
Home size: 1,242 sq ft
Lot size: 6,881 sq ft
Year built: 1926
Parking spots: 2
Days on market: 4
-
1 bed, 1.0 baths
Home size: 873 sq ft
Year built: 1991
Parking spots: 1
Days on market: 4
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2 beds, 2 full baths
Home size: 1,452 sq ft
Lot size: 6,400 sq ft
Year built: 1909
Parking spots: 3
Days on market: 4
-
2 beds, 2 full baths
Home size: 1,366 sq ft
Lot size: 33,019 sq ft
Year built: 1974
Parking spots: 2
Days on market: 4
-
2 beds, 3.0 baths
Home size: 1,898 sq ft
Year built: 1986
Parking spots: 2
Days on market: 4
-
3 beds, 2.0 baths
Home size: 1,291 sq ft
Lot size: 4,800 sq ft
Year built: 1926
Days on market: 5
-
2 beds, 1.0 baths
Home size: 1,056 sq ft
Lot size: 4,400 sq ft
Year built: 1930
Days on market: 5
-
1 bed, 1.0 baths
Home size: 842 sq ft
Lot size: 5,400 sq ft
Year built: 1921
Parking spots: 2
Days on market: 5
-
3 beds, 1 full bath
Home size: 1,292 sq ft
Lot size: 4,236 sq ft
Year built: 1921
Parking spots: 1
Days on market: 5
-
3 beds, 1 full bath
Home size: 960 sq ft
Lot size: 5,800 sq ft
Year built: 1969
Parking spots: 2
Days on market: 6
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2 beds, 2 full baths
Home size: 867 sq ft
Lot size: 2.22 ac
Year built: 1949
Parking spots: 1
Days on market: 6
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2 beds, 1.0 baths
Home size: 900 sq ft
Lot size: 5,418 sq ft
Year built: 1921
Days on market: 6
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2 beds, 1.0 baths
Home size: 1,026 sq ft
Lot size: 5,320 sq ft
Year built: 1926
Days on market: 6
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/beware-of-liens-when-buying-a-los-angeles-home-at-foreclosure-auctio.html#ixzz1kJCKVpcb
Gene never ceases to amaze me with the depth of knowledge of his business he portrays in his posts. This is no exception. Now is the time for buyers to get off the fence or risk both the rates going up and home prices. This would appear to be as close to the bottom as we are going to get. Via Gene Mundt Mortgage Lender Chicagoland Mortgage Lending (815.277.4036 www.genemundt.com):
Time COULD be Money ...
Should You Delay Too Long.
Be Prepared to Make Your Mortgage Application
I found a recently-written article in National Mortgage News. It presses home the same message as my blog. Time is of the essence for those buyers presently in the home buying process ... but even more so for those that are contemplating a home purchase or refinance of their present mortgage within the near future.
Simply said, taking action NOW is much better than later ... when it comes to costs associated with mortgage financing. Wait too long, and you'll pay more.
So, my suggestion is this ... should you even be flirting with the idea of buying a home or refinancing ... start gathering the information and financial documentation that will be REQUIRED by your mortgage lender when applying for your loan.
Should you decide not to buy, no harm ... no foul. At worst, your financial records are probably better organized than they were previously. But if you DO decide to pursue home buying or refinancing, you'll be ahead of the game, ready to go, and be much better positioned to advance your mortgage application and mortgage processing quickly. And possibly save yourself from those rising costs being talked about.
What documents and information are needed when you apply for mortgage financing?
Below you will find a handy list of those things that you will be REQUIRED to supply almost any mortgage lender at the time of your mortgage application. It's the same list I make available for my clients and for download at my website. The REQUIRED Information and Documents list can be found at: www.genemundt.com/Required-Mortgage-Docs.html.
List of Information & Documentation Needed
When Applying for a Mortgage
Basic Information:
- Last 2 years W-2's and Tax Returns
- Last 30 Days consecutive Pay stubs
- Name, Address, and Telephone Number(s) of your Employers for the past 2 years
- Last TWO (2) months Bank Statements (ALL pages) or 60-Day printout of accounts from the Bank that is stamped and signed by a representative of the Bank. (Including 401K, Credit Union, Profit Sharing, etc.)
- Copy of your Social Security Card(s). (FHA/VA only) and Driver's License (ALL Borrowers to be involved in the mortgage)
- Name, Address, and Telephone Number(s) of your Landlord ... and the amount of the Rent Payment (Renters only)
- Application Fee
- Signed (and legible) Real Estate Sales Contract and ALL Riders on home being purchased
- Names and Phone Number(s) of Real Estate Agent, Real Estate Attorney, and your Insurance Agent
- Copy of Earnest Money Check (as available)
Miscellaneous Information Needed - If Applicable:
- Recorded Divorce Decree(s) or Separation Agreements (ALL Pages).
- Recorded Bankruptcy Discharge and Schedule of Creditors
- Most recent Social Security Award Letter or Pension Award Letter
- Filed and Stamped Release of any Judgment and Paid Receipts of all Collections
- 12 Month Court Print-out of Receiving Child Support
- Address and Information on any other Real Estate-Owned
Self-Employed Buyers: In Addition to Basic Information
- Year-to-Date Profit and Loss Statement with complete Tax Returns (Last 2 years Filed)
Veterans: In Addition to Basic Information
- Copy of DD-214
- Original Certificate of Eligibility
Gather the information and financial documents on this list. Get prepared ... be ready to take action ... and make that contact!
* Ready to take action? Thinking of buying soon or in the future? Need some financing and credit questions answered? Contact me! I'll put my 35 years of mortgage experience and expertise to work for you. Together we'll discover the options that exist for you in today's market.
I can be contacted at any of the following:
Direct: 815.277.4036 Cell/Text: 708.921.6331
Skype: 630.219.1316
Click Here 4 a: NO Cost NO Obligation Mortgage Consultation
Did that catch your eye? Unfortunately, leaving investors out of the equation, as a Los Angeles home buyer you are probably not going to find that bargain home you are looking for.
Why?
Because the real bargains often don’t make it to the general market. They are bought through word-of-mouth or on the courthouse steps. And, if by some chance a good one slips through, there will be a buying frenzy with multiple  offers, making the home no longer a bargain.
Also, many of the neighborhoods of Los Angeles were not hit as badly as the rest of the country and here you absolutely get what you pay for.
But a foreclosure is going to be a bargain, right?
Probably not. Generally by the time a Los Angeles foreclosure gets to the market it is pretty much going to be in poor condition, if not completely gutted. So by the time you fix it up any savings you might have will be wiped out.
So I can buy a short sale for a bargain, right?
Wrong. A short sale occurs when a seller owes more on the mortgage than the home is worth. Instead of walking away and being foreclosed on they opt to put it on the market. The lender is already taking a loss so they are going to ensure that the home is priced according to the market. No bargains are going to be found here. Generally, you will find these homes in better condition than one that has been foreclosed on, but the time involved in waiting for a short sale, and the fact that repairs are most likely not going to be done may you may end up with a buyer paying more than if they had bought a traditional home and were able to negotiate with the seller for repairs.
I can offer way less than the list price right?
Pretty much the only way you may buy a Los Angeles home for way less than the list price is if it is way overpriced in the first place. Your Los Angeles Realtor® will have done the comps on the home and advised you as to whether the price being asked is at market or not. If the home is priced correctly, the seller is probably not going to let it go for much less, if they will let it go for less at all. Not every home seller is desperate. In fact most aren’t. And don’t be fooled by homes that have been sitting on the market for awhile. There is a reason they have not sold. It could be that they are overpriced or there is something wrong with them.
In today’s Los Angeles real estate market, where new inventory is low in many areas, homes that come on the market well-priced are going into multiples and selling very quickly.
If you find a Los Angeles home that you love, and it is well-priced, you will have found your bargain home.
Search homes for sale in Los Angeles
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
Read more: http://www.homejane.com/buying-a-los-angeles-home-for-a-bargain.html#ixzz1k48chIhU
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Jane Peters - Los Angeles Real Estate (310-473-6919)
Los Angeles,
CA
More about me…
Power Brokers Int'l
Address: Beverly Hills, CA, 90210
Office Phone: (310) 473-6919
Cell Phone: (310) 351-9208
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