L.A. real estate news and insights.
What do you think is the most expensive home to sell this week in LA?
I'll tell you in my next post!
In this video, we have the cheapest home to sell this week in Los Angeles.
Selling price: $370,000
This home has 1 bed/1 bath 576 sq. ft. of living space and is on a 2,200 sq. ft. lot.
Close to South Park Recreation Center, USC, and DTLA.
Off Market Property in Los Angeles!
This home has 5 bed/4.5 baths, 4,250 sq. ft. of living space, and is on a 9,414 sq. ft. lot.
The home features an open floor plan, chef’s kitchen, game room w/ bar, incredible city views, and a large pool in the backyard.
Want to see it?
Text me at 818-445-7953.
Foreclosures and short sales represented less than 1% of sales in January, equal to December's percentage, but down from 2% in January 2020.
An impound account is an account maintained by the mortgage company to collect insurance and tax payments that are necessary for you to keep your home but are not technically part of the mortgage.
Some lenders require this, other lenders don't.
Check with the lender to see what their policies are before choosing to work with them.
If your initial offer gets rejected by the seller, don't be afraid to submit a new offer.
However, you have to improve either the terms of the deal or the price.
Find out what specifically the seller didn't like about your first offer and change that in your new offer.
For example, maybe the seller liked everything about your offer, but they hated that you wanted 17 days to inspect their home.
Bring that 17 days down to 10 days... maybe that one change will work for the seller and would open up the possibility of you getting an accepted offer.
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?
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January continues to be a hot month for the housing market.
Weekly mortgage applications jumped 30% for the week ending Jan. 10, a sign that homebuyers are emerging in 2020.
As I mentioned in the past, buyers typically take a break in December, then start their search again in January.
Check the first page of your listing agreement for the contract’s expiration date.
Once that date passes, the contract then becomes expired, your agent no longer works for you, and you are free to hire a new agent.
If you sell your home through a new agent before the listing agreement with your old agent expires, you will have to pay the new agent AND the old agent a full commission. ☹️
