L.A. real estate news and insights.
Jeff Bezos, the owner of Amazon, bought the most expensive home sold in Los Angeles in 2020 - $165,000,000
•8 bedrooms
•9 bathrooms
•13,612 sq. ft. of living space
•9.4-acre lot
The property has its own 9-hole golf course, several guest houses, and a tennis court.
What was the best thing you bought on Amazon this year?
Here is the cheapest price per square foot townhouse to sell this week in Northridge – price per sq. ft. - $281.06
•4 bedrooms
•3 bathrooms
•2,318 sq. ft. of living space
•2 levels
•2 car garage
•2 blocks from the great Cal State University Northridge
Selling Price: $651,500
Asking price: $681,000
There were 53 property sales in Burbank for June 2020.
According to a recent survey conducted by Redfin, a record high of 27 percent of home shoppers are searching for homes in different metro areas.
They are looking to relocate to a more affordable, less dense areas.
I'm sure this trend has a lot to do with people now seeing working from home as a viable option.
Do you think interest rates will continue to go down?
My father was selling real estate during the late 1970s when interest rates for a mortgage loan were at 18%.
I recently sold a home where my client got a 3.125% interest rate on their mortgage loan.
Read those two lines again.
With a full-on marketing blitz on Instagram, Facebook, Tik Tok, Zillow, Redfin, Trulia, Etc... my latest Santa Clarita listing was sold within days of hitting the market.
The sellers are thrilled they no longer have to take care of this investment property.
The buyers can't wait for the next chapter of their life to begin in their new home.
I'm very happy it worked out for both of them!
If you know someone who needs to sell their home, please text me their info, and I'll take care of the rest.
Here is my cell number 818-445-7953. Thanks!
Home sales will be strong this Summer.
Expect a dip in sales once the flu season starts.
Look for a bounceback in December.
Home prices will slightly continue to rise the remainder of the year.
60 seconds isn't enough time to go over all my thoughts on what I think will happen in the real estate market for the rest of 2020.
Check out the full answer on my IGTV @DanielLosAngeles.
January continues to be a hot month for the housing market.
Weekly mortgage applications jumped 30% for the week ending Jan. 10, a sign that homebuyers are emerging in 2020.
As I mentioned in the past, buyers typically take a break in December, then start their search again in January.
Do this strategy if your lender runs your credit and says your credit score is too low to get a home loan.
One way to raise your credit score is to fix any incorrect delinquencies you see on your credit report.
After you get a copy of your credit report in hand, scan the report for any mistakes.
You may see a certain bill that you paid off 5 years ago is still showing up on your credit report as delinquent and not paid off.
Call that company up and tell them that you already paid that bill 5 years ago and that you want them to report back to all 3 credit bureaus that the bill has been paid off in full.
Be prepared to provide them proof that you paid off that bill if they dispute they received payment.
Do that same procedure for every single incorrect delinquency that has been reported.
Yes, this is a huge pain, but once done you will see your credit score improve over time.
My client did this exact process and raised their credit score about 100 points in 6 months.
Best of all, it's free! But it takes time.
HGTV reached out to me... they are casting for a show where a buyer of a property is then planning on gifting that property to someone else.
If this sounds like something you are interested in being a part of, contact me and I’ll set you up with the casting director.
At tonight's New Year’s Eve party, while you are with your friends and family, I need you to do a little spying for me.
Someone at the party is going to bring up the topic of real estate.
They are going to say that they are thinking about selling their home in 2020.
I know you will be drinking a lot... but try to remember the person who said that.
Then, text me and say "Daniel, I have a friend looking to sell". I'll take it from there. 😉
My goal for 2020 is to help as many people as possible sell their property.
To do that, I really need your help investigating and letting me know which of your friends and family members are thinking about selling.
Thank you for all your help in 2019 and thank you in advance for all your upcoming help in the new year!
Happy New Year!!!
You want to keep your finances exactly how they are at the time your lender pre-approves you for a home loan.
Don't do anything financially out of the norm for you.
Don't buy a new car.
Don't go on any lavish trips.
Don't buy a #Rolex.
Keep paying your bills, keep making your car payments, keep buying food at the market.
