L.A. real estate news and insights.
The Ace Family's foreclosed mansion finally hits the market!
Asking price: $12,999,900
This mega-mansion has 12 bed/13 bath, 13,349 sq. ft. of living space, and is on a 27,633 sq. ft. lot.
The property has resort-like grounds and has 360 unobstructed views.
Text me if you want a tour at 818-445-7953.
This is the cheapest home to sell this week in Saugus.
It only took 5 days for this property to get into escrow!
Asking Price: $539,000
Selling Price: $586,100
•3 bedrooms
•2 bathrooms
•1,116 sq. ft. of living space
•6,027 sq. ft. lot
•Backyard has above ground spa under the gazebo
•No neighbors to the rear
Do you think the buyers got a good deal even though they bought it over the asking price?
The biggest problem with this home is that it's located on one of the busiest streets in Burbank.
•2 bed, 1 bath
•973 sq. ft.
•Lot: 5,394
Want a private tour? Text me at 818-445-7953.
Since this past Spring selling season was essentially canceled due to Covid-19, the built-up buyer demand is reaching its peak right now.
If a home is reasonably priced, it is getting multiple offers, leaving many buyers frustrated and many sellers cashing in.
If you are a potential home seller, now is the time to strike.
Virtual staging is when you take a picture of a vacant room and then have a graphic designer digitally add furniture to that room.
That way your online pictures for your home look great, but in reality the room is vacant.
Virtual staging can be good and bad. It's good because your marketing pictures look awesome and you will get a lot of people through your door and touring your home.
The bad part is that buyers get disappointed when they show up and the house looks completely different than how it looked in the marketing photos.
Real furniture staging is always best because it helps a buyer emotionally connect with a home and you don't end up with a bunch of disappointed potential buyers touring your home.
But if you must, virtual staging is a better option than showing a picture of a empty room in your marketing pictures.
The robocallers who want to buy your house want to offer you 15% less than what your property is worth.
If you want a easy transaction, take that deal.
If you want top dollar, put it on the market so everyone knows it's for sale.
The choice is yours.
Some agents will help you find a rental unit, but 95% will not.
5 STEPS TO A BETTER CREDIT SCORE
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Step 1) 🤓Order your credit report
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Step 2) 🤔Look for any mistakes a creditor has made. For example, does your credit report show that you still have a old outstanding bill with Nordstrom for $142? Do you remember paying off this bill and you have a receipt to prove it? Good!
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Step 3) 😫Call your creditor tell them you paid that bill and that you can send them proof.
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Step 4) 🤔Wait 6 months and order another report. Does this new report reflect all the corrections you made with your creditors? Good! You should also see your improved credit score. I have seen some peoples score go up 100 point just off of this tactic.
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Step 5) 🤗Enjoy your higher credit score and send @DanielLosAngeles a delicious #keto friendly dessert.
That doesn't seem fair, does it?!
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After all, you did the hard work of finding the buyer yourself... why should your agent get paid the full commission?
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Unfortunately that is how standard listing agreements are written up. But your not gonna fall for that, right?
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I personally don't think it's fair either. That's why I have a Flexible Commission Listing.
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You find the buyer and want to pay a lower commission? No problem! I will write up the contract and take it through escrow for only 1%.
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Now that sounds fair right?!
A lien usually comes from either unpaid taxes, a judgment made in court, or from unpaid bills.
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There are a number of liens creditors may place on your home.
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The most common are mechanic's liens, judgment liens, and tax liens.
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Mechanics lien: When general contractors, carpenters, plumbers, painters, or other type of repair companies work on your home, they may file a mechanics lien on the property as insurance to make sure they are paid.
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Judgment lien: If you have lost a court case and there was a judgment against you, the winning party of the lawsuit can file a judgment lien against your home until the payment is collected. This type of lien is also sometimes imposed by an attorney if you do not pay your bill for legal services.
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Tax lien: If you do not pay your federal, state, or county taxes, the government may file a tax lien on your home.
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A preliminary title report will show you all the liens that are against your property.
Can you guarantee your home inspection will go well?
No, but you can prepare for it by having an inspection done before you put your home on the market.
If your homes appraisal comes in low, you have 4 choices...
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1) Have the buyer come up with the difference in cash.
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2) Drop your purchase price to match the appraised value.
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3) meet the buyer somewhere in the middle... you drop your price, they come up with a little cash.
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4) cancel escrow and find a new buyer.
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The good news with option 4 is that a brand new appraiser will appraise your property. Hopefully they will appraise your home for the agreed upon purchase price. 🙏🏻🙏🏻🙏🏻
Here are my top 2 properties that recently sold in Burbank above Glenoaks Blvd.
Haven't paid your mortgage for a while? Are you getting foreclosed on?
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The sheriff could come and throw you out of the house.
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At that point your lender owns the home, not you.
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Oh, and those sheriffs are almost as big as this #Trex!
I have never had a client go through litigation, but I know of people that have. - You want to avoid this at all costs. - It’s simply time and money down the 🚽 - If you enter into a purchase contract, you better be ready to hold up your end of the deal.
