The most famous home to sell this week in Los Angeles

The Ennis House just sold for $18,000,000 in the Los Feliz hills.

The home was designed by Frank Lloyd Wright for Charles and Mabel Ennis and was built in 1924.

The design of the house was based on the ancient Maya Temples and its notable detail is the relief ornamentation on its 27,000 perforated and patterned decomposed granite blocks.

Filmmakers flocked to its location. The home shot to fame when the exterior façade was used for the House on Haunted Hill in 1958, but it is most known for being in the movie Blade Runner and the TV show Buffy the Vampire Slayer (one of my favorite shows growing up!).

The house was included as one of the top ten houses of all time in Los Angeles Times, and is a designated California Historical Landmark, and a Los Angeles Historic-Cultural Monument.

Homeowners are feeling, "house rich, cash poor"

One in five U.S. homeowners say they feel house rich but cash poor, according to the newly released Hometap Homeownership Study.

With home prices continuing to climb up, nearly 20% of 675 homeowners surveyed classify themselves as feeling “house rich, cash poor” most of the time, according to the study produced by Hometap.

Seventy-three percent of respondents say they feel “house rich, cash poor” at least some of the time.

I bet if they surveyed renters they would find similar numbers.

I believe we all face similar challenges.

After all, I think being worried about how you are going to provide shelter and food for your family is a feeling all humans have had since the cavemen times. @hometap_

Regular Recording vs. Special Recording

I highly recommend doing a standard recording.

In that case, you don't have to do anything!

You are simply waiting for a call from your agent to tell you that you now officially own the property.

A special recording should only really be used in an absolute must circumstance.

Unless it's a must, it won't kill you to wait the extra day to close escrow.