Duarte is another one of those relatively unknoown areas in LA. It is also one of the most modestly priced, freeway accessible cities in the San Gabriel Valley area. Right now, your average 3+2 home probably sits in the mid $400,000 range. Cute homes. The neighborhoods north of the 210 fwy have somewhat of a different flavor than south. Plus, there is a bit more shopping, restaurants and commercial on the north side also. For the most part, the bulk of homes in Duarte are traditional style, ranging in the 1950's to 1960's range. Duarte is accessible to both the 210 and … (5 comments)
In residential real estate, one of the most important factors is valuation. What is a property worth? Seems simple, right? Just see what has sold in the neighborhood and you should get a pretty good idea, yes? Just get an appraisal, correct? Well, the valuation of residential real estate is not quite that simple.
In the mix of residential real estate valuation is a huge principle called "intrinsic value". Huge enough that you can sometimes call it the "elephant in the room". What I mean by that … (24 comments)
los angeles real esate agents: SUPPORT YOUR FEMALE BROTHERS.........
- 03/31/12 01:28 AM
SUPPORT YOUR FEMALE BROTHERS...... To every male out there: Take just a second to realize something - Women are 99.9% identical to us. The only difference is their genitalia are "innies" instead of "outies". And that ain't no big freakin' deal. They are NO different from us - they share the exact same hopes and fears, they have the exact same obligations and financial commitments in this world. Truly imagine what it must be like for the entire world to expect you to get out of bed EVERY day to look a certain way, dress a certain way, go through an … (11 comments)
los angeles real esate agents: The buyers didn't know about closing costs? Whose fault is that: The buyer's agent or the lender?
- 07/07/11 10:14 AM
The buyers didn't know about closing costs? Whose fault is that: The buyer's agent or the lender? Have you ever run into this issue? It surprises me still how often I'm in escrow and the buyers are not aware that there are closing costs for the purchase. They think there's a down payment, and that's about it? Do you think that is more the fault of the buyer's agent, or is it the fault of their lender for not completely explaining the funds necessary to close? It's really a shame when that happens because not only does it say that someone … (105 comments)
los angeles real esate agents: So you want to flip properties? OK, that's a whole different ballpark, so let's talk.......
- 02/10/11 05:14 PM
So you want to flip properties? OK, that's a whole different ballpark, so let's talk....... I've had quite a few clients lately that are starting to see more and more properties being flipped, and they're thinking they'd like to be part of the action. I'm very encouraging with them, because I feel personally that it's a very fulfilling endeavor. However, there is definitely a recipe that you'll need to be successful with it. How they plan on purchasing the property is a big factor. Do they plan on using a loan? If so there are entirely different loan requirements for investment … (70 comments)
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