buyers: BUYERS BEWARE!! KEY TIPS ON HOME BUYING
- 11/26/13 08:38 AM
BUYERS BEWARE!! KEY TIPS ON HOME BUYING Over the course of 13 years Selling Real Estate I have represented countless Buyers and experienced countless opportunities to learn from the various situations that arise along each roller coaster called an escrow. The following are some KEY tips from a professional. Trust me, this is NOT my first rodeo. You can learn from others mistakes and follow this advice closely when purchasing your next property! BUYERS BEWARE!! KEY TIPS ON HOME BUYING
What Does a Red Front Door Mean? Over the past 13 years selling homes, I have always been very drawn to homes with red front doors, in fact so much so that we painted all the exterior doors on our home crimson red this year! For me it was a compelling warm positive energy the moment you arrive on my doorstep... What Does a Red Front Door Mean? For my listings, it offers a charming & inviting curb appeal; we've painted many front doors red in recent years & had great success in the sale & closing on the home! Coincidence? I … (1 comments)
The media is constantly painting this ugly picture of Real Estate Professionals as greedy money hungry, no better than used car salesman type individuals who will stop at nothing to close an escrow and fatten their pockets. Now I know there are sure to be a few bad apples in the bunch but I want you to know that is not the case with most of us! I just read on my favorite Mortgage Broker's Blog last week that they recently had a conversation with the President of the National Association of Mortgage Brokers, … (0 comments)
buyers: Discouraged Buyers - "We missed the boat!"
- 10/09/13 08:13 AM
Discouraged Buyers - "We missed the boat!" I've been hearing repeatedly from my Buyer clients and new prospective Buyers I meet at my listings lately that they are frustrated with current market conditions. Understandably so! There are 5-10 if not more, qualified buyers in my area competing for every well priced listing in desirable locations. Discouraged Buyers - "We missed the boat!" But look on the bright side my friends, this number is down significantly from recent months during the 2013 Spring & Summer buying frenzy that we saw this year where I had no joke 30+ offers on several … (0 comments)
buyers: Winter Is Coming, Market Slowing Down, or Leveling Out?
- 09/17/13 01:15 PM
Winter Is Coming, Market Slowing Down, or Leveling Out? As usual this time of year, Real Estate agents see a decrease in listing and buying with summer in the rear view mirror. A report came out last month and you may have heard about it on the news, "HOME SALES DOWN 13%!!!!" well, what some of you may have missed in that report was NEW home sales were down 13%. Most of the real estate transactions I, and many of my colleagues deal with are existing home sales, which actually have continued to slightly increase. But the shocking stats like the … (1 comments)
buyers: All The Single Ladies......Are Buying Houses!
- 08/28/13 04:34 AM
All The Single Ladies......Are Buying Houses! According to a recent report from the National Association of Realtors, single women made up 16% of homebuyers nationwide, while single men made up 9%. The percentage of single women homebuyers has averaged at 20% in recent years past. This has been a growing trend since the 90s, women purchasing more than men. It stands to reason as more women have become the primary earners in their households. All The Single Ladies......Are Buying Houses! Women are the breadwinners in 40% of American families with children and two-thirds of them are single! One out of every five homes sold … (1 comments)
buyers: Foreclosures Lowest Since 2006
- 08/09/13 09:32 AM
Foreclosures Lowest Since 2006 Another not-so subtle sign of economic recovery. The national numbers on foreclosures are very promising. Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% over the past 12 months, according to RealtyTrac. Filings have hit their lowest monthly level since December 2006. Foreclosures Lowest Since 2006 The nation number of foreclosures has dropped 14% since May 2013! Foreclosures are no longer an issue on the national scale. There are still a few states with higher than average results, but the country as a whole is witnessing this … (1 comments)
buyers: Supply vs. Demand - New Construction Woes
- 07/17/13 03:59 AM
Supply vs. Demand - New Construction Woes Most of us in the Real Estate business don't often deal with new construction homes. I'd wager that upwards of 90% of the average agent's business is resale. (More like 99% personally) But we must take a look at what is happening with the construction of new homes as it'll eventually, if not already, effect comps and the market as a whole. We all see that the market is beginning to spring back into action. As a result, the demand for new homes is slowly rising. We aren't quite back at the level we … (0 comments)
buyers: Rising Rates, Not Always A Bad Thing
- 07/01/13 09:16 AM
Rising Rates, Not Always A Bad Thing The Real Estate market is certainly booming. Depending on where you're at in the Real Estate picture, higher mortgage rates can be a good thing. While rates were low, so was inventory, it still is, but I've seen a slight increase recently as more sellers realize the price they can get for their home. People who normally wouldn't be able to finance a home could and are still able to do so as it stands now. However, rising rates, means an increase in sales. Which is certainly a good thing! Luckily the rise in … (0 comments)
buyers: Issues With Neighbors Can Lead to Decreased Property Value
- 06/26/13 08:15 AM
Issues With Neighbors Can Lead to Decreased Property Value Scary barking dogs, what seems like a used car lot, yard used as storage, no landscaping maintence.....all of these things can lead to bringing the value of your home down. Guilty by association (or by proximity, really). So what does one do if they want to sell their house and the value is less than similar comparables in the area as a result of a neighbors lack of care? Issues With Neighbors Can Lead to Decreased Property Value An article in CNN's Money Magazine from July 2013 addresses this issue. We've … (4 comments)
buyers: Long Way To Go, But The Market Is Looking Good!
- 05/30/13 06:00 AM
Long Way To Go, But The Market Is Looking Good! It's been a strange recovery and it isn't over yet. Here are a few nationwide factoids that illustrate we are in a good place right now. - For the first time in a long while, the housing cost-to-income ratio is at 23%, the lowest in 30 years! (California specific figures however, would be a bit higher) - 14% of renters moving out these days across the nation are doing so because they are buying property. This number has been slowly rising since it bottomed out at roughly 11% in 2011. The … (2 comments)
buyers: How Much Does Safety Factor Into the Home Buying Process?
- 05/13/13 06:51 AM
How Much Does Safety Factor Into the Home Buying Process? A bit of a no brainer, but a recent study shows it can be more important than price to most home buyers. John Burns Real Estate Consulting conducted a survey of almost 20,000 home buyers and had them rank key factors in making a decision to buy in order of importance. Safety came in a close third only behind location and home design. Price was ranked fourth. How Much Does Safety Factor Into the Home Buying Process? As we all have seen the news and felt the changes in our communites, … (1 comments)
buyers: Buying Within Your Means: Be Prepared!!
- 05/06/13 03:17 AM
Buying Within Your Means: Be Prepared!! I recently read a column online that gave some great advice for home buyers; first timers and repeat buyers alike. I will link it below. The most important point that it illustrated is the difference between pre-qualification and pre-approval. Especially when you get to the offer submitting stage, a pre-qual letter from a lender is usually included but it pretty much doesn't mean anything without pre-approval to back it up. In other words, before you ever START house hunting, get PRE-APPROVED. It will only help you with your search by really telling you the highest you … (0 comments)
buyers: Real Estate Market Feeling Kind of Bubbly?
- 04/26/13 07:08 AM
Real Estate Market Feeling Kind of Bubbly? For me? The answer is Yes and No. While sales are increasing and demand is high right now, it's not like the bubbles of Real Estate past where buyers are purchasing above their means and creating more debt. Sales may have increased, but so have the amount of cash buyers, or financed buyers with large down payments and sufficient funds to back it up. Real Estate Market Feeling Kind of Bubbly? I've seen it first hand in my own business. Not only do I represent several cash buyers (not all of them investors either) but many of … (2 comments)
buyers: Southern California Housing Recovery
- 04/19/13 08:56 AM
Just wanted to pass along this link to everyone. It's a very informative and interactive map posted by the LA Times. Southern California's Housing Recovery: An Interactive Map This is a great tool if you are considering selling and need some more information to help you make your decision! Southern California Housing Recovery This article goes hand in hand with the map: California home prices and sales increase in March Check out both links and comment below! … (0 comments)
Drop-dead gorgeous views await you at this awesome Sherman Oaks contemporary home! Open and bright floorplan with walls of glass facing the most stunning panoramic setting overlooking the valley, city lights, mountains and lush green canyon hillside! This gem features updated kitchen with all new stainless steel appliances included, updated bathrooms, lower master bath featuring incredible spa tub overlooking the fabulous view, refinished hardwood floors, vaulted beam ceilings and beautiful contemporary curb appeal. Viewing deck located just off the living room upstairs along with a huge entertainers paradise … (2 comments)
14300 Hortense Street, Sherman Oaks, CA 91423 Welcome to this lovely home plus guest studio nestled on a beautiful tree lined block of the Sherman Oaks Library Square Community. Charming curb appeal, circular driveway, and gorgeous mature willow tree greet you as you approach the formal entry and step inside this wonderful 3 bedroom 2.5 bath home with over 1800 sq ft of comfortable living space set around a center courtyard enclosed as a sunroom with its own AC unit making it the perfect in home gym w/indoor spa! The … (0 comments)
buyers: Top Ten Turn-Around Housing Markets of 2012
- 01/23/13 05:33 AM
Top Ten Turn-Around Housing Markets of 2012 According to the latest home price report from Trulia.com, the housing market in general has made quite the positive turn in the last year. It seems it'll only get better at this point. I thought it would be interesting to share the top ten markets with the most improvement. This is referencing increases in median home prices from December 2011 to December 2012. A few here in California, but some other surprising locations as well. Top Ten Turn-Around Housing Markets of 2012 In my opinion, it's a little scary to see 27% increases … (3 comments)
BUYERS BEWARE!! KEY TIPS ON HOME BUYING 
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