The day before Thanksgiving and the buyers are out there....

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
http://activerain.com/droplet/4XFf

I am so grateful that the buyers are out there....

www.endrebarath.com

It is the day before Thanksgiving and I thought it would be the quietest day in Real Estate and I was prepared to do a great deal of prepping for tomorrow’s dinner. Well it turned out I had quite a few calls, inquiries about my listings. I am not complaining, I am grateful that I could do some last-minute shopping for the Olympics of Cooking: Thanksgiving. Whatever is missing we must do without.

www.endrebarath.com

What I am more grateful to the fact, that it is the day before Thanksgiving and the buyers are out there. As most of you who read my blog posts know that I have a specialty: Vacant Land in the greater Los Angeles area. Hence this is a great sign of the future activity of the Real Estate Market for the upcoming 2017 & 2018 in the short run as well as the long run to at least 2019. When Developers are looking, and buying land, that is the ultimate sign of confidence. When developers have the confidence, that is an indication, that it will be a good next couple of years, otherwise they would not be risking a great deal of cash. Keep in mind here in the greater Los Angeles, it takes anywhere from 8 months to 15 months to get approvals to build. To boot you need another 4-6 months to build the home. Therefore, developers are looking at the minimum two years out to build and then another 2-4 months to sell their product.

www.endrebarath.com

I can feel the enthusiasm of all developers in the various price points. They are confident that the next few years will be very good for Real Estate as well as the economy. Clearly when local developers feel good that is a good sign. Customarily Los Angeles leads the nation in trends when it comes to Real Estate. This is something to be truly grateful for. Happy Thanksgiving to those who will not be reading my post tomorrow.

 If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations.

 

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Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre yesterday was a pretty busy day for me as well, but now I am looking forward to a day of relaxation and sharing with my family.  Hope the enthusiasm you are seeing spreads throughout the country, and the housing market works it way back to where it needs to be.  

Hope you and Diane have a blessed Thanksgiving Day!!!

Nov 24, 2016 02:06 AM #4
Rainmaker
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Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Good positive uplifting post.  That is much to be grateful for, not only in your area but everywhere.  Glad to see your post this morning Endre because I definitely want to wish you the best for a warm loving Thanksgiving along with your lovely bride and the 4 legged crew.  Mark

Nov 24, 2016 03:39 AM #5
Rainmaker
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Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Endre Barath, Jr. ,

You are right the buyers were out yesterday. I've sold all my listings except 1 and have 5-8 coming on the first of the year....a buyers was back yesterday for the second time....hopefully they can make an offer this week-end and my inventory will be gone. I'm sure your dinner will be fantastic! We all have so much to be thankful for..Happy Thanksgiving!

Nov 24, 2016 04:17 AM #6
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Happy Thanksgiving Endre. Just when you plan for a lull, all hell breaks loose in a good way. Enjoy your day!

Nov 24, 2016 04:48 AM #7
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
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Good Morning Endre - I wish you and Diane a very happy Thanksgiving.  Yesterday, I hope, is a sign of things to come for a prosperous 2017.

Nov 24, 2016 05:29 AM #8
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Endre.  I hope you and your family enjoy a wonderful Thanksgiving Day today.

Nov 24, 2016 05:49 AM #9
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Good for you that your clients still want to reach out regardless of where the meal comes from the next day.  Hope you, Diane  and the 'kids'  have a great Thanksgiving Day today

Nov 24, 2016 06:28 AM #10
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
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Hi Endre, having buyers calling you is indeed something to be thankful for. Wishing you and yours a happy Thanksgiving! 

Nov 24, 2016 07:04 AM #11
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
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Smart consumers are taking advantage of the very low mortgage interest rates.

Have a wonderful Thanksgiving.

Nov 24, 2016 07:18 AM #12
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Endre --- I like hearing your perspective on the positive response to the "vacant" land in Los Angeles.  With long and somewhat tedious lead times, it's great to hear that developers are so confident about the future.   

Nov 24, 2016 07:54 AM #13
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Endre,  That thanksgiving plate looks delish!  Nothing like a home cooked meal. Here's to the bounty of business and builders confidence. 

Will Jill and the other kitties get a small taste of that turkey?

Nov 24, 2016 10:29 AM #14
Rainmaker
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Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
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That's a long time to get a building permit... sort of like here too.  Anyway, I hope you are having a Happy Thanksgiving!

Nov 24, 2016 05:26 PM #15
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Joni Bailey
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
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Yep! Buyers were out here too! I am showing Saturday morning and Monday! Which makes for a great start to 2017!! :)

Nov 24, 2016 06:44 PM #16
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Joni Bailey
Berkshire Hathaway Home Services - Anderson Properties - Huntsville, TX
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Yikes! I forgot to tell you Happy Thanksgiving, which is why I popped by! :)

Nov 24, 2016 06:45 PM #17
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

All so true Endre Barath, Jr. 

The buyers are out there and if you go out and service your client you will ne successful.

Nov 24, 2016 10:49 PM #18
Rainmaker
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Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Endre Barath, Jr. - in sum, there's only one word that comes to mind:

AMEN!!!

Nov 25, 2016 09:15 AM #19
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
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Yes, I had a buyer get into contract successfully on Thanksgiving Eve, too.

Nov 25, 2016 03:12 PM #20
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Debbie Reynolds
Platinum Properties - Clarksville, TN
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Buyers are still buying and sellers are still selling. I am thankful for that too, Endre.

Nov 25, 2016 05:11 PM #21
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Bob Crane hope you had a fantastic weekend, now slowly we are getting back to the daily routine here...Endre

Nov 29, 2016 08:09 PM #22
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Inna Ivchenko  hope you had a great and relaxing Thanksgiving, Endre

Nov 29, 2016 08:10 PM #23
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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