L.A. real estate news and insights.
Dear Friends and Clients,
Thank you to those who participated in our 2nd annual Thanksgiving pie giveaway!
It means a lot that you entrusted us to provide the delicious dessert for your Thanksgiving feast.
The best part was getting to reconnect with friends and past clients and hearing about everyone's Thanksgiving plans.
Hope you all have a wonderful holiday season and an amazing New Year!
You already put down a huge down payment when buying a house... you are tapped out.
But then, SURPRISE… here comes a supplemental tax bill in the mail!
It's terrible, but it's part of the home buying process and you have to pay it.
I know the pain... I had to pay that bill myself when I bought my home.
Keep in mind everyone pays a different tax amount, so make sure to ask your real estate agent (or me, wink wink) what the tax amount will be for the home you are interested in buying.
That way there are no surprises, and you can budget for that bill and your down payment.
I did it again... I gave all my friends and clients pies for Thanksgiving!
I am so grateful for all the real estate referrals you have sent my way this year.
You have all made 2019 the biggest and most successful year of my career so far!
This pie is a small token of my appreciation.
Thank you all and Happy Thanksgiving!
Didn't get the pie memo? Text me your email address and I'll be sure to include you in the festivities next year. 818-445-7953
On this episode, I answer the following four real estate questions:
1) I heard the Holiday season, in general, is not a good time to sell a property. What are your thoughts?
2) I bought my home a couple of months ago and now all of a sudden I received a "supplemental tax" bill in the mail. Who is supposed to pay that tax bill, me or the previous homeowner?
3) Which month is better to put a home up for sale, January or February?
4) I'm about to close escrow and sell my home. Do I have to hire a professional cleaning company before I move out?
We have almost 20,000 followers on Instagram… come join us!
After reviewing the buyer's purchase agreement, you will most likely find that the buyer's purchase contingencies will all be removed by day 21 of the escrow period.
After all, contingencies are removed, it is fairly safe to start moving out.
I say fairly safe because a buyer could still back out of the deal after their contingencies are removed.
Most buyers don't do that because if the contingencies are removed, you as the seller can go after the buyer's deposit.
The buyer's deposit is usually 3% of the purchase price.
So if the home is $1,000,000 the deposit is $30,000.
Most buyers would continue with the purchase rather than lose $30K... but you never know.
In my opinion, it's reasonably safe to start moving out once all contingencies are removed.
Although right now is typically a slow period in real estate, I am predicting a hot real estate market for the 4th quarter of 2019.
The reason is that buyers have been experiencing heavy competition for the last several months, have had their offers rejected, but are still very motivated to buy a home.
All those buyers that have not had any luck lately will be hungry and ready to pounce on any new listings that come up.
That should make for an interesting end to the year.
