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los angeles real estate: Believe it or Not You Can Get Around L.A. Without a Car - 05/31/12 04:32 PM
Believe it or not, it really is not that difficult to get around Los Angeles without a car. I am living proof.
When we take our cars in for service, or body work or whatever in Los Angeles we almost always arrange for a ride, rent a car or, if we go to a dealership, get a loaner. Take a bus? What! And heaven forbid we should consider walking.
Yesterday I took my car in for body work and was going to rent one for the two days it would take. Then I thought I would see how I could survive two … (14 comments)
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los angeles real estate: How is The Los Angeles Real Estate Market Doing Right Now? - 05/12/12 09:31 PM
People often ask how is the real estate market in Los Angeles right now. The answer I guess depends on whom you ask.
According to the MLS there are currently 206 foreclosures and 434 shorts sales on the market in the approximately 73 areas they cover, which actually does not seem like a large number. And in the areas frequently covered by me there are 43 foreclosures and 82 short sales, still not a large number.
The problem right now with standard sales is that inventory is low in the desirable areas and when something new does come on the market, and if it … (16 comments)
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los angeles real estate: Los Angeles Home Buyers | What is an Appraisal? - 04/23/12 12:42 PM
I was asked today by a Los Angeles home buyer “what do you mean when you say the home has to appraise.”
When a buyer makes an offer on a property they are relying on their Realtor® to have done a competitive market analysis (CMA) based on previous sales in the area. However, the CMA is nowhere near as detailed as a professional appraisal.
If you are buying a Los Angeles home with a loan then your lender is going to send out their appraiser to make sure that the home is indeed worth what you are paying for it. The appraiser may be on staff or … (17 comments)
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los angeles real estate: 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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los angeles real estate: 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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los angeles real estate: Los Angeles Real Estate. Is it a Sellers' Market - 03/24/12 03:00 PM
You are thinking of selling a Los Angeles home and are interested in finding out if your area is a seller’s or buyers’ market.
Regardless of whether or not you are in a sellers’ market look at the comps and price your home accordingly.
As a Los Angeles home seller your Realtor® will check out the comps in your area and let you know where to price your home. No matter whether a sellers’ or a buyers’ market you will need to price your home at or very near the market price. If your home is good value then you will end up with multiple offers, … (12 comments)
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los angeles real estate: Sawtelle, a Trendy New Foodie Destination in West Los Angeles - 03/20/12 11:21 AM
I recently sold a home to a young guy on Corinth Ave. He was excited because it was walking distance to the up-and-coming Sawtelle neighborhood in West Los Angeles, where his favorite markets and restaurants are located.
A recent article in the Los Angeles Times talks about the gentification of the area knows as “Little Osaka”. This area, along Sawtelle from Santa Monica to Olympic, has always been a draw for its Japanese restaurants, but it is now branching out to cater to a wider range of food groupies.
Boutiques and food trucks are also sprouting up and the area is a melting … (16 comments)
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los angeles real estate: Los Angeles Real Estate Sales by Community - 03/18/12 03:12 PM
Let’s see how the Los Angeles real estate market is doing by selected communities
SINGLE FAMILY HOMES
The Los Angeles condo market is somewhat slow, especially in the luxury market. If you are thinking of buying a condo in Los Angeles, with interest rates low and homes sitting on the market for a while, now might be a good time to consider entering the market.
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 … (15 comments)
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los angeles real estate: Top 5 Los Angeles Zip Codes in Which Angelenos Choose to Live - 02/07/12 11:45 AM
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 yearMedian price $934,00049 Active listingsMedian price $1,000,000Absorption rate* - 3.82 months
90036 includes the Fairfax district and Park La Brea | Miracle Mile.
91 single family homes were sold over the past yearMedian price $950,000Active listings 25Median price $999,100Absorption rate* 3.19 months
90066, covers Mar Vista
260 single family homes were sold … (11 comments)
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los angeles real estate: 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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los angeles real estate: 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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los angeles real estate: Los Angeles Traffic Fines Have Increased | California Needs the Money. Watch Out! - 01/14/12 01:39 PM
Effective January 6, 2012 the price of Los Angeles traffic tickets is going up by $4 a ticket on already steep fines. And be extra wary. It is rumored that there is extra pressure on traffic officers to bring in more revenue.
Local agencies have even been authorized to attach cameras to street sweepers in order to catch parking violators.
Los Angeles Traffic Ticket Fines (Effective 01/06/2012)
VC 12814.6 $214 Failure to obey license provisions VC 14600(A) $214 Failure to notify DMV of address change within 10 days Note: The fine may be reduced with valid proof of correction. VC 16028(A) $796 Failure to provide evidence … (44 comments)
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los angeles real estate: 10 Reasons why you Should Use an Agent when Buying a Los Angeles Home - 01/12/12 01:11 PM
How do you go about searching for a Los Angeles home for sale?
If you are like the majority of Los Angeles homebuyers you start your search online. After all you can buy almost everything online these days including, believe it or not, supposed stem cells. But unless you are a doctor would you attempt to buy stem cells online?
The same thing goes for such an important transaction as your future home. Finding a Los Angeles home for sale is not a simple process, let alone buying one. There are so many sites on which you can do the research, and a lot … (31 comments)
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los angeles real estate: Los Angeles Homeowners, Here is an Incentive to Get Earthquake Insurance - 12/23/11 05:20 PM
After the devastating Northridge earthquake in 1994 which cost $44 billion in losses, insurance companies restricted the issuance of policies to cover earthquakes for fear of not being able to pay out again.
In 1996 the state established the California Earthquake Authority (CEA) to fill the gap. It is non-profit, publicly funded and privately managed, and it allows insurers to offer an earthquake policy to its customers, with some financial contributions. Today the CEO covers 820,000 homes in California. However, in addition to the CEA-covered customers there are only approximately 340,000 additional homes covered with earthquake insurance, leaving 90% of California homeowners uncovered.
Given that we … (15 comments)
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los angeles real estate: Los Angeles Realtor®'s 2011 Overview - 12/18/11 11:36 PM
I don't generally post my leases and sales, so I thought I would just take a moment to take stock of what turned out to quite a healthy 2011 in the Los Angeles real estate market.
This Los Angeles Realtor® started off the year very slowly. Then the stone started rolling down the hill and gained momentum.
Anyway, here is an overview of my Los Angeles real estate sales and rentals this year:
Purchases:
880 W. 1st St. #804, Los Angeles 90012 (Downtown) (foreclosure) – June 2011 – $270,000
10580 Wilshire Blvd. #8SW, Los Angeles 90024 (The Wilshire)( pocket listing) – October 2011 – $1,600,000
10982 Roebling … (11 comments)
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los angeles real estate: Los Angeles Communities - About Santa Monica - 11/15/11 11:09 PM
Santa Monica is a diverse beach city with something for everyone. A haven for tourists you will find find dining, chic clothing stores and mix of real estate, from the high-end single family homes to the vacation rental. There are 23 parks and 2 swimming pools in the City of Santa Monica
With approximately 89,736 inhabitants and 50,912 housing units, Santa Monica is an incorporated city bordered on the west by the Pacific Ocean. The majority of the population, 40.5% reside north of Wilshire Blvd followed by 30.3% south of Pico, Ocean Park and Sunset Park, 23.2% in mid-city/Pico area and 6% in the Downtown … (19 comments)
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los angeles real estate: Los Angeles Communities - About Beverly Hills - 11/10/11 01:15 AM
Beverly Hills, is the world renowned home of the rich and famous. There is something for everyone in this beautiful enclave, including the best dining, shopping, and some of the most expensive real estate in the country. In fact, 90% of Beverly Hills is zoned for residential use. 62% of the housing is apartments and condos, and 37% single family.
Beverly Hills, is almost entirely surrounded by the city of Los Angeles, except for a small area of Doheny Dr. on the east which borders West Hollywood. It is approximately 5.7 square miles in radius, with the … (15 comments)
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los angeles real estate: 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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los angeles real estate: How Should you Handle the Request for Repairs - With Care - 10/16/11 01:23 PM
When buying a Los Angeles home be prepared to put on your negotiating hat.
When you are caught up in the emotion of buying a home you may forget that there is another side to the process, the Seller. Generally each side is trying to get the best deal for his or herself and is not always considering the other party. Arriving at an agreed upon sales price is only part of the process, equally important is what comes next. Even though a home is listed with the caveat “as is”, that really does not mean much. Almost every Seller expects that they are … (84 comments)
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los angeles real estate: You Do Not Need an Attorney When Buying or Selling Los Angeles Real Estate - 10/11/11 12:12 AM
California is an escrow state but escrow procedures differ between Northern and Southern California and from county to county. For the purposes of this post I will address the reason you do not need an attorney for real estate transactions in Southern California.
What is Escrow? Escrow is a neutral party which provides protection to both the buyer and seller during the real estate transaction. Examples of the function of escrow are:
Receives and holds the good faith deposit from buyer to seller Interprets the purchase contract and sets the timelines Orders required reports, including preliminary title, natural hazard, city report … (30 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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