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buying a home: Is Los Angeles Real Estate a Buyers' Market? - 03/27/12 10:18 AM
Following my recent post: Los Angeles real Estate is it a Sellers’ Market
As a Los Angeles home buyer you will want to know where the best deals are right? Unfortunately, Los Angeles is not a city for real estate deals. There are buyers’ markets but that does not mean that you are going to be able to find a bargain.
The Los Angeles real estate buyers’ market is mostly at the luxury end. You know that sellers have received offers, but they have probably been way below the listing price and those sellers are not willing to budge.
There are many areas where … (20 comments)
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buying a home: Don't be Afraid to Use your Los Angeles Realtor® for Both Ends of the Deal - 01/25/12 08:47 PM
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 … (25 comments)
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buying a home: Westside Village Area of Palms Los Angeles - Homes For Sale - 03/24/10 12:24 AM
Westside Village is an upscale area of Palms, in the City of Los Angeles. The boundaries are Sepulveda Blvd. to the East, Overland Ave. to the West, National Blvd. to the North and Charnock Road to the South. It was originally part of Rancho Ballona from which Palms was formed, and was created by developer Fritz R. Burns in 1940 and 1941 who developed around 1,100 single-family houses surrounded by schools, parks, stores and places of worship. It has a population of around 12,000 of which 70% are renters and the balance homeowners. Burns is responsible for the vast number of … (2 comments)
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buying a home: Open Houses in Palms/Mar Vista Area of Los Angeles - Sunday March 21st 2-5 p.m. - 03/19/10 11:47 PM
3465 Tilden Avenue
Come visit me at the open house on Sunday, March 21st - 2:00 to 5:00 p.m.
This house is waiting for its new owner. You can move right in and upgrade in your own time. The backyard is wonderful and ready for those summer barbecues to come.
Other open houses in the area are below:
dd
… (6 comments)
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buying a home: Echo Park California Market Report - January '10 - 02/15/10 05:52 PM
The statistics below cover home sales in the major Echo Park area (90026), are taken directly from the MLS and are for single family homes. They also don't take into consideration condos, income property and private sales.
There were 13 sales in the month of January '10, 1 more than in December '09. The most expensive home sold was $712,000 and the least expensive $100,000.
The median sales price was $325,000, no real change from December '09.
Average days on the market for sold properties was 95, up from 37 in December.
There were 41 active listings, 6 … (12 comments)
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buying a home: Foreclosures - Not Over By a Long Shot - 01/15/10 02:15 PM
This is a tell-it-like-it-is video from the Wall Street Jounal's interview with Rick Sharga from Realty Trac.
Just when we thought it was safe to go in the water!
… (16 comments)
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buying a home: Los Angeles County 2009 Sales Statistics - 01/05/10 12:22 AM
While the median price of Los Angeles County single family residences and condominiums have decreased 18.75% and 11.7% respectively in 2009, the number of sales increased by 7,404 for single family and 2,045 for condominiums in November.
For single family homes the median sales price in November increased by .03% over September. Condominium prices decreased by .01%. In both cases the number of units sold has increased.
Overall November was a much stronger month than September when compared to 2008.
With interest rates low and rumored to be on the way up, home prices more or less stable, and a tax … (9 comments)
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buying a home: Buyers Beware, RESPA Cannot Protect You - 12/16/09 11:56 PM
Buyers, this is an excellent post to help you educate yourselves the actual costs involved in the purchase of your new home.
Via Bill Ladewig Your FHA Guru - FHA and VA Loans Since 1970:
This post is inspired by Tim Bradford's blog on the new revised GFE that appears in January.
The revised GFE is another failed attempt to protect consumers, The problem is, consumers cannot be protected with forms because those who wish to deceive will always find a way. Consumer education is the only real consumer protection.
The new GFE requires lenders to guarantee their fees but it … (11 comments)
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buying a home: With a Developer's Contract Get Legal Advice - 11/07/09 12:03 AM
I discussed the contract my first-time buyer is faced with while considering the purchase of a condo in a brand-new 5-unit development in Echo Park. The contract looked daunting on the surface, but I thought, reading through and using my knowledge of the real estate transaction would go much of the way towards ensuring that my buyer would be protected. Wrong!There is no way any of us who are not attorneys should be attempting to decipher a developer's own contract. There is way too much to look out for, at least in California.I mentioned a few points points in my previous … (18 comments)
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buying a home: Echo Park, Los Angeles - An Up and Coming Place to Live - 11/03/09 10:47 AM
I just showed a property in Echo Park to a client of mine. It is a new, loft-style condo development on a busy street, but it has tremendous views. (You can see the Hollywood sign top left and Griffith Park Observatory just below and to the right)
Every time I visit Echo Park I am reminded of its uniqueness. There are so many different neighborhoods and architectural styles, from mid-century modern, and craftsman, to the modern, and the area is a veritable melting pot of cultures.Its proximity to Downtown Los Angeles and Burbank, and Universal City makes Echo Park … (6 comments)
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buying a home: Before Active Rain and Now - 10/29/09 02:10 PM
Dear Mr. & Mrs. Seller:You are about to make one of the biggest decisions of your life. Your children have moved out, so you don't need such a large house. But you have such happy memories. A lot of amazing things have happened in this home and it is difficult to leave it behind. But you must.Or, you are relocating for work. Should you rent the house? Do you want to deal with tenants? Do you need the money for your new home?Big decisions!Now comes an even bigger one. Who are you going to entrust with selling your prized possession? There … (3 comments)
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buying a home: First-time Home Buyers Don't Be Afraid To Make An Offer - 10/25/09 09:13 PM
First-time home buyers, don't be afraid to make an offer. If nothing else you are getting practice.I was referred two buyers about ten days ago from clients with whom I just closed a purchase about three months ago. Their budget is around $325,000 which is nothing for the Los Angeles area, certainly in terms of a house, and a condo is not going to be in the most desirable area at anywhere near that price.I sent a bunch of listings, in various more affordable areas, most of which were condos. Then, suprise surprise, a house came on the market at $318,000, in … (13 comments)
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buying a home: Venice Calfornia Market Report - Third Quarter '09 - 10/19/09 08:24 PM
Venice California, median home pices rose 17% in the last year.
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The number of homes going under contract in every given month increased 40%
For sale properties dropped 15%.
New properties coming on the market dropped 23%.
Inventory of homes in Venice California is down 46%.
And the months supply of inventory is also down 46%.
… (0 comments)
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buying a home: Beverly Hills Market Report - September '08 to September '09 - 10/13/09 09:05 PM
The median price of homes in Beverly Hills has increased by 123%
The number of properties sold has increased 55%
The properties on the market in any given month where a buyer could have written a first position offer to purchase it at any time during that month. Different from Months Supply of Inventory below. The number has increased 3%.
The number of properties going into contract on any given month shows the sales activity. This has increased 108%.
These figures show how long it would take to sell the present inventory based on the … (4 comments)
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Jane Peters - Los Angeles Real Estate DRE# 01439865
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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