There will only be 1 off-market showing for this Brentwood Park property - August 15th.
The home will officially hit the market in September.
Text me for more info 818-445-7953.
A dip in homes sales like in October
The flu season is going to look very different this year.
When everyone starts to get the flu in October, all we are going to hear about in the news is that the second wave of the coronavirus is coming.
I’m not a doctor so I don’t know if that will happen or not.
However, I do know that since a lot of people will be sick with the flu, the perception by the public in LA county will be that a second wave is inevitable.
Because of this perception, there will be fewer homeowners willing to put their property on the market, just like in late March after the stay-at-home order was issued.
I believe we will likely see a dip in home sales during that time in October.
I’m optimistic things will settle down by the time we get to December.
Hopefully, the homeowner’s perceptions will change once the news gets better.
Episode 38 of The #AskDanielLosAngeles Show
On this episode, I answer the following four real estate questions:
1) What's going to happen in the real estate market for the rest of 2020?
2) What do mortgage interest rates look like for home buyers right now?
3) Has it been difficult to show homes during the pandemic?
4) What's the hardest real estate deal you ever had?
We have almost 20,000 followers on Instagram... come join us!
To tour all for sale homes, you now need a pre-approval letter
It wasn't this extreme before the pandemic, but I am seeing about 40% of all homes on the market now require a buyers loan pre-approval letter just to get in to see the property.
With the Coronavirus still playing a roll in all of our lives, more and more sellers only want to grant access to serious buyers.
I anticipate this percentage to only go up from here.
The days of casually looking at homes on the market are over.
If you want to see ALL the homes on the market, have your pre-approval letter ready!
Your friend should sell their home this summer
Your friend told you they are interested in selling their home sometime in 2020. You should let them know that they need to act sooner rather than later. Typically most real estate transactions take place in Springtime. Due to the Coronavirus and homeowners holding off on selling their homes, home sale transactions were down about 40% during the 2020 Spring selling season. Because of this home selling delay, the Spring selling season has essentially been pushed to Summer 2020. It's projected that the Los Angeles area will have an uptick in inventory and have a very strong buyer demand for the entire Summer season. I am recommending to your friend that they sell during this peak time and not wait until Fall or Winter.
The reason to not delay is that the flu season will start in Fall and many of us will get the common flu. Since the symptoms for the Coronavirus and the flu are similar, I am anticipating that during this time daily news reports will say that a second wave of the Coronavirus is coming. This news will make sellers rethink their plans of putting their home on the market. Because of this, I expect the market to see a repeat of what happened when the stay-at-home order was put in place back in late March. If you are not aware, during that time real estate escrows were being canceled left and right. Sellers were offering buyers $10K, $20K, $30k in credits just to stay in escrow. Some buyers took the deal, most did not. Compound that with home sales traditionally being slow in the 4th quarter due to the holidays, and you essentially have a standstill in the real estate market. That's why I am confident that this Summer will be the best time for your friend to see multiple offers on their home and to sell for top dollar.
When your friend is ready to sell their home, I can help them with the sale. Text their name and number to 818-445-7953, and I'll take care of the rest.
Thank you for all your referrals so far this year! I truly appreciate you helping my business thrive during a pandemic.
Fall in love with this unique, historic Hollywood home. Put in an offer now!
This beautiful, historic 1920's townhouse is selling for $899,998.
The "El Cabrillo" condominium complex is one of six remaining Spanish revival courtyard buildings.
The courtyard has been featured in both television and movies.
This 1 bedroom, 1 bath townhouse is in the heart of Hollywood.
It is within walking distance of the Hollywood Bowl, several theaters, restaurants, clubs, and more.
The ugly truth about the cheapest home to hit the Burbank market this week
This completely remodeled home is the cheapest property to hit the market this week in Burbank.
Located on Clybourn Ave. this 3 bed, 2 bath single-family home is listed for $779,000.
What remodeling would you do to this South of Ventura Blvd home?
It's by far my favorite property to sell this week in Studio City.
I can let you know what sold in your neighborhood... text me at 818-445-7953 and I will email you a report.
Instagram: @daniellosangeles
Short Sales Vs. Foreclosures
Both a short sale and a foreclosure will severely damage your credit score.
keep that in mind before you go down either road.
What kind of info has been made public about your house?
Want me to email you a copy of your public tax records?
Direct message/email me your address and I will email the records back to you.
Daniel@ContempoRealtors.com
If your home buyer refuses to remove their contingencies, cancel escrow immediately
If your home buyers are not removing their contingencies, they are not serious buyers.
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Drop them as soon as possible and make sure your agent puts your home as "Active" again on the MLS.
Hire an agent that will provide a marketing video for your home... or sell your home for less money. Your choice.
If your agent does not provide you with a marketing video for your for sale property, you will leave money on the table.
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Period.
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End of story.
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I know for a fact that our marketing videos get thousands of views. Why would you want to miss out on thousands of views?
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If you want top dollar for your property, hire an agent that provides this service.
Drone shots should only be a small part of your home's marketing video
Use a drone shot to introduce your viewers to the outside of the home.
But don't linger too long... you will lose your audience.
Get to the good stuff quickly, show the kitchen and bathrooms as soon as possible.
Can I sell a house that is being rented out and has tenants living there?
You will get more money for your property if you deliver it vacant upon sale.
If a home buyer has to inherit your tenants, you will not get top dollar
If you have tenants living at your property, and you plan on selling, it's time to give them a 60 day notice to move.
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If you don't want to do that, keep in mind only investors will be making offers on your property.
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That cuts your potential buyer pool from 100% of the market, down to 20%.
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Having less buyers for your property means you will not be getting the top dollar competition demands.
