L.A. real estate news and insights.
For the general location of this off-market Encino property, in Google maps, put in "Sepulveda Blvd. and Valley Vista Blvd."
This 2-story home has 6 bed/ 6 bath, over 4,000 sq. ft. of living space, and the lot is almost 12,000 sq ft.
This Royal Oaks home features an updated kitchen, remodeled bathrooms, and a large primary ensuite with walk-in closets.
The backyard has a large pool and Valley Views.
Text me for more info at 818-445-7953.
This is the smallest home for sale in Echo Park.
Asking price: $799,000
This home has 1 bed/2 bath, 546 sq. ft. of living space, and is on a 1,625 sq. ft. lot.
This newly reimagined bungalow features, vaulted ceilings, an open concept floor plan, stainless steel appliances in the kitchen, and a large background deck.
Text me for more info at 818-445-7953.
Bhad Bhabie purchases a Multimillion-Dollar LA home.
Asking price: $3,195,000
Selling price: $3,040,000
This completely remodeled home has 4 bed/8 bath, 10,460 sq. ft. of living space, and is on 2.26 acres.
The home features 10 ft ceilings, an open floor plan, indoor/outdoor living, and a separate ensuite that can be a 5th bedroom or office/den.
There is a pool, spa, fire pit, covered BBQ & outdoor kitchen, and an eat-at counter in the backyard.
Here is the cheapest home sold this week in West Hills!
Asking price: $795,000
Selling price: $840,000
This corner lot home has 3 bed/2 bath, 1,456 sq. ft. of living space, and is on an 8,508 sq. ft. lot.
The home features an open floor plan and an attached 2 car garage.
Do you think it was a good deal?!
“Hot Home” alert in Sherman Oaks.
Asking price: $2,099,000
This newer construction home has 3 bed/4 bath, 3,329 sq. ft. of living space, and is on a 6,133 sq. ft. lot.
The home features an open floor plan, chic family room with double glass doors giving access to the backyard.
Outside there is a large covered patio with a fireplace, heated saltwater pool and spa, built-in BBQ, pizza oven, and sound system.
Text me if you want a tour at 818-445-7953.
A home being equity-rich means that the combined estimated amount of loans secured by the property is 50% or less of the estimated market value.
In short, it means homeowners themselves have accumulated at least half of the equity in their homes.
In California, the percentage of mortgaged homes considered equity-rich grew to 46.1% in the fourth quarter (up from 39.7% in the third quarter).
The 10 with the highest shares of equity-rich properties in the fourth quarter of 2020 again were in the West, with the top five in California.
Los Angeles is at 51.7%.
Source: ATTOM Data Solutions, a real estate research firm.
There were 63 property sales in Burbank for September 2019.
There were 67 property sales in Burbank for July 2020.
There were 53 property sales in Burbank for June 2020.
It's very important to work with a lender that you trust AND has good communication skills.
During escrow, questions and issues will come up.
Your lender needs to be on top of things, resolve problems quickly, and communicate well so that escrow is as easy as possible for everyone involved.
PEAD-V (Coronavirus Property Entry Advisory and Declaration - Visitor) forms are now required to be signed by anyone entering into a home that is on the market.
The form basically says the visitor does not have the coronavirus and that the visitor understands the health risks involved when entering into the for sale property.
Homeowners, in order to avoid a lawsuit, you want to make sure everyone who is going to tour your home signs this form before setting one foot on to your property.
There were 26 property sales in Burbank for May 2020.
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.
