Pending home sales surged a record 44% in May

Economists polled by Reuters were expecting pending contracts to jump by 18.9% in the US... they were off by a mile!

National pending home sales soared 44% in May after falling 22% in April, according to new data released by the National Association of Realtors—it’s a strong indicator that the worst of the coronavirus recession may be over for the housing market.

May’s gains are the highest month-to-month since the National Association of Realtors started tracking the data in January 2001.

I'm happy to report that I was able to contribute to this recovery by selling a few homes since the start of the pandemic.

I believe this bounce back in the housing sector will lead the way for a broader economic recovery.

Have you heard? Historically low interest rates are happening now!

Do you think interest rates will continue to go down?

Episode 37 of The #AskDanielLosAngeles Show

On this episode, I answer the following four real estate questions:

1) My low ball offer was flat out rejected by the home seller. Can I still submit a new offer?

2) Are real estate taxes included with my monthly mortgage payment?

3) What is the difference between a list price and sale price?

4) The buyer for my home is not removing their inspection contingency. Can I cancel the deal?

We have over 20,000 followers on Instagram... come join us!

You can buy a home under a secret name

Did you know that when you buy a home, you don't have to put the title of the property in your name?

If you have a living trust set up, you can buy the home under the name of the trust.

For example, if the name of your #trust is "Banana Family Trust", and you buy the home under your trust, the owner’s name on the title will appear as "Banana Family Trust" and not your legal name.

This also works if you buy the home under a #LLC.

Use this hack if you want to keep the purchase of your home a secret.

Favorite home to sell this week in Los Angeles

As featured on "House Hunters Renovation"...

3 years ago my clients along with HGTV came in and completely remodeled the home.

There were a few repairs that needed to be done, but overall the buyers of this property now have a wonderful place to call home.

See the episode on my website - HouseHuntersRenovation.com

I have pocket listings

Text me what you are looking for and I'll let you know what off-market properties I have that match your search criteria.

818-445-7953

How can I become your real estate agent?

If I have brought you any value through my content, please take the time to give my your thoughts. Insights@ContempoRealtors.com

Thank you!

How can I raise my credit score in 6 months?

Do you think this hack is worth the time you have to invest into it?

This is the only free way I know of that can raise your credit score.

Should I get the square footage on my homes tax records fixed?

Thank goodness I gave the county assessor the info he needed in order to change the square footage reflected on my properties public tax record!

Having the correct record made a huge difference when I sold my property.

Ready to sell your home? We are ready to help.

I promise you that our 72 Hour Home Selling Program is unlike any selling strategy you have ever seen.
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If you are ready to sell your home, give us a chance to show you what we will do to get you top dollar... fast!
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Let’s talk! 818-445-7953 or Daniel@ContempoRealtors.com

The minimum money I recommend you put down is 10% of the purchase price of the home

You can put down less money if purchasing in a less desirable area.
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But if you want to live in a hot part of town, you better put down AT LEAST 10%.
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Keep in mind 20% is just average.

When is the best time of year to sell a home?

Focus on housing inventory levels, not what time of year it is.

Share authentic stories about your home with your agent. It might make for a unique Instagram ad.

Buyers love back story about a property, especially if they are interested in buying it.
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Explain to your agent how the backyard is a great place for family birthday parties...
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mention that you have spent the last 15 years together as a family watching 4th of July fireworks from your front porch...
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Authenticity is key when advertising on Instagram... you never know what could make for awesome marketing!

Am I legally obligated to accept any offer made on my home?

You only have to comply with the sale of your home if you go under contract with a buyer.
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If you don't sign a contract, you don't have to sell. PERIOD. 
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Get more answers to your real estate questions on The #AskDanielLosAngeles Show at Facebook.com/DanielLosAngelesShow

You are never obligated to accept a purchase offer on your home

If you put your home up for sale, you are not forced by any law or code to actually sell it.

As long as you have not signed a purchase contract, you can take your property off of the market and continue to live there.

Even if you get a really high offer or a really low offer... you are never obligated to accept an offer.