L.A. real estate news and insights.
A laundry room is the most popular specialty room (anything other than a bedroom, bathroom or kitchen) among all buyers according to the new report "What Home Buyers Really Want (2019 Edition).”
Millennial homebuyers in particular love a separate laundry room with 86% of them reporting that it is desirable (36%) or essential/must have (50%) room.
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'm always going to recommend first that you do real staging when trying to sell your property.
You want buyers to fall in love with your home the second they walk in.
Staging will allow the buyer’s emotions drive their purchasing decision.
If you refuse to have your home staged, virtual staging is the next best thing.
I have even had my graphic designer work with the current furniture that is in the home.
The designer can use their digital furniture in conjunction with your real furniture.
That way you don't have to move a single piece of furniture at your home and your marketing pictures will still end up looking great.
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.
Your friend told you they were thinking of selling their home.
What do I have to do for you to refer me to that friend?
Text me at 818-445-7953.
Thank you!
I just saw on the news that a home buyer was scammed out of her entire deposit amount.
She received fake wiring instructions and had thought the instructions came directly from the escrow company.
She wired her deposit money over to the account on the fake instructions.
The thieves took the money and were never heard from again.
The buyer is now out the money she wired over and no longer has enough money to purchase a home.
She has to wait and save up more cash.
This is a terrible story and I am warning you now to always confirm that the wiring instructions are real.
This is very easy to do!
Once you get the wiring instructions emailed to you, call the escrow company and confirm over the phone that the account number that you are wiring to is in fact their real account.
Once confirmed, then you are safe to send the money.
When you buy a home, you have to put down a deposit.
Typically that deposit amount is 3% of the purchase price of the home.
Keep in mind that this 3% amount is not set in stone, but it is customary.
You can put any amount you want, however the seller will not think you are a serious buyer and probably won't accept your offer unless you put at least 3% for your deposit amount.
You have to send your deposit over to the escrow company to hold within 3 days of getting your offer accepted.
