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buying a los angeles home: Buying a Los Angeles Home With Rental Prices So High Just Makes Sense - 04/14/12 09:50 AM
An article in today’s Los Angeles Times talks about the shortage of rental properties in Los Angeles and Southern California and predicts that rents will rise 10% over the next two years.
Rents in many if not most area markets are already on the way up, and rental properties in Los Angeles
What does this mean? Well, with a shortage of properties, and renters competing for those available, investors will be jumping into this market and buying up suitable rental properties, especially since construction of new apartment buildings is slow.
When renters realize it is difficult to find a good rental at a reasonable … (22 comments)
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buying a los angeles home: What Exactly is a Buyers' or a Sellers' Market in Real Estate - 03/29/12 12:03 PM
When buying or selling real estate in Los Angeles we often talk about the market as being a buyers’ or a sellers’ market, based on the absorption rate.
The absorption rate is the number of months it will take to sell the existing inventory based on prior months’ sales. 6 months is a balanced market, under six months a sellers’ market, and over six months a buyers’ market.
However the market is neither a buyers’ or sellers’ market if no one is buying or selling, and ultimately we rely on sellers putting new homes on the market to spur the buyers out there who … (30 comments)
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buying a los angeles home: Are Los Angeles Open Houses Going the Way of the Dodo? - 01/30/12 05:16 PM
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 … (36 comments)
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buying a los angeles home: Can You Buy a Los Angeles Home for a Bargain? - 01/21/12 12:03 AM
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 … (23 comments)
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buying a los angeles home: When Buying a Los Angeles Home Always Inspect, Even if it is New Construction - 12/22/11 02:31 PM
I am working with a first-time Los Angeles home buyer who is in the process of purchasing a brand new construction home. The home is a stand-alone condominium, one of four on the lot.
It would seem tempting to waive the inspection on a brand new home, because after all what could be wrong! There are building codes to be met and one would think even a visual inspection by the builder would catch the odd mistake.
The California real estate purchase contract requires that a home buyer conduct an inspection or waive the right to do so. As I mention above, the temptation would be to waive … (35 comments)
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buying a los angeles home: I Want to Find a House First and then I will Talk to a Lender! - 11/11/11 04:51 PM
I was just approached by a potential buyer, enquiring about a Los Angeles home for sale.
My first question to her was whether she had spoken to a lender. Her answer was no. I told her that she needed to do that before starting the process of buying a Los Angeles home. Her answer: "I just don't want to talk to a lender and not find a home. So I figure I could just work backwards."
We do not work backwards when buying a Los Angeles house. We look and work forward. The very idea of working backwards is a negative … (145 comments)
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buying a los angeles home: If you are Thinking of Buying a Los Angeles Home, Rein in your Holiday Spending - 11/05/11 03:45 PM
You are excited about buying a Los Angeles home and have been very good about keep your credit immaculate. However the holiday season looms putting yourhard work in jeopardy.
Your shopping list sits in front of you beckoning. You are probably not going to pay cash for all those gifts, or write a check. You may open store credit, apply for a new credit card, or simply jack up your balance on your existing credit card. Too many enquiries on your credit in a short period of time is going to cause your credit score to drop. Simple opening a new line of … (45 comments)
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buying a los angeles home: How May I Help you with your Los Angeles Real Estate Needs? - 11/01/11 02:43 PM
Buying a Los Angeles home, selling a Los Angeles home, or even looking for a Los Angeles rental can be a confusing task. You don't know where to begin.
What might you need help with?
Selling a Los Angeles home How are you going to price your home? Pricing is an art these days. Price it to high and it is going to sit on the market, price it just right and you may encourage multiple offers and get more than you asked for. Is your house ready to be put on the market or is there something you need to do to prepare it … (12 comments)
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buying a los angeles home: How Do You Know When You Have Made the Right Offer for a Home? - 09/11/11 01:26 AM
We realtors are hired by our buyers not only to help them find the perfect home but also to help them buy it at the perfect price and get them through a perfect escrow.Sometimes we have the luxury of being able to feel our way to the right price.
A home comes on the market that is obviously overpriced and we have options:
We can wait awhile, see it sit on the market, and watch the price drop We can make an offer in the range we feel it should be only to have the offer rejected Or, of course, … (109 comments)
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buying a los angeles home: Why Use a Real Estate Agent When Buying a Los Angeles Home - 09/02/11 05:02 PM
If you are selling a Los Angeles home, you will be using just one real estate agent because you will sign an exclusive listing agreement with that agent which means, yes, that you work exclusively with that agent. The work involved in selling a Los Angeles home warrants that kind of loyalty, and you as a seller will be paying commission to that agent and the co-broker who brings the buyer. Makes sense, right!
Now, if you are buying a Los Angeles home, or renting a Los Angeles home why would you not use an agent exclusively? There is something called a Buyer Representation Agreement which some agents ask the … (28 comments)
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buying a los angeles home: Los Angeles Homes Buyers, Don't Shy Away from Paying Full Price - 04/11/11 06:12 PM
Los Angeles home buyers you cannot sit on your laurels forever. If a home is in a good location and is priced right, it is going to sold from right under your nose.
I was out in Los Feliz, a desirable neighborhood of Los Angeles, looking at a duplex that just came on the market today. The area is great and the price is right, and during the twenty minutes or so that my client and I were there the agent was very busy with visitors. The place needs quite a bit of work and reconfiguring, but the bones are good … (35 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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