L.A. real estate news and insights.
People who live outside of Los Angeles think celebrities only live in Beverly Hills and the Hollywood Hills.
But us locals know the San Fernando Valley is where it's at!
Kaley Cuoco from The Big Bang Theory is selling her beautiful Tarzana home.
Asking Price: $6,900,000.
What do you think of this highly stylized home?
The price per square foot on this home is $457.46.
It's a pretty good bargain compared to the highest priced per square foot home in Studio City.
That home comes in at $1,060 per square foot.
Are stats like these important to you?
The best way to get top dollar for your home is to have every single person on the planet know your property is for sale.
Although that is impossible, it should be your goal.
One way to get the word out is to put a big "For Sale" sign in your front yard.
People will see it, tell their friends, and create a buzz about your property.
You don't have to put a "For Sale" sign in your front lawn.
However, by not having the sign out there, you miss out on being the talk of your neighborhood.
What a "For Sale" sign does is it gives your neighbors a topic of conversation when they see each other on the street.
These conversations can literally lead to you getting a buyer for your home.
For example, imagine your neighbor has a cousin who is moving to #LosAngeles from #Texas.
Wouldn't it be great if they told their cousin about your home that is for sale?
I think so!
But if you do not have a "For Sale" sign in your front yard, your neighbor will most likely never know your home was on the market.
Put the "For Sale" sign up and let's give them something to talk about.
Let's say you put your condo on the market and you find a really well qualified buyer.
The buyer's lender is going to ask your HOA manager how much money is in the HOA reserve account.
If that reserve amount is low, guess what, the lender will not give your buyer a loan to buy your unit.
That's why it's so important to attend your board meetings and make sure that your monthly HOA dues are being spent carefully.
If you are trying to sell your condo, and your Homeowners Association (HOA) reserves are low, the buyer's lender could reject the loan.
Banks always want to see a "healthy" reserve amount.
What do they consider "healthy"?
Well, every bank has their own policy. Some are more strict than others.
This is why it's important to go to your HOA meetings and see what the HOA dues are being spent on.
The more money the HOA has in the reserves, the better chance you have that your buyer's lender will approve and fund the loan for your condo.
A pre-inspection is when you hire a general inspector to inspect your home BEFORE your home even hits the market.
Sellers do this so that they can make repairs around the house in preparation for the buyer’s general inspection.
Here's the thing... even though you already got an inspection done, the buyers are going to still hire their own inspector and get their own inspection done.
Why?
Because the buyer thinks you personally know the inspector and you told him to write you a glowing report of your home.
They literally think it's your cousin doing you a favor.
Get your pre-inspection done, do the crucial repairs that are needed, have the buyer do their own inspection, have THEIR inspector say how nice your property is, collect top dollar for your home.
Ask your real estate agent to give you the exact number of views your listing is receiving on Zillow, Redfin, Facebook, Instagram, Realtor.com, etc.
Also, you can ask to see how the listing is performing each day.
Are your views going up or down?
Why does your listing perform better on some days versus others?
You need to be on top of your statistics because your real estate agent might not be.
I would hope your agent would voluntarily offer up some performance data on your listing.
But if she doesn't, tell her you want to see your listing's online view count for #Facebook, #Instagram, #Zillow, #Redfin, #Realtor.com, etc.
What?!
She doesn't know how to find those numbers?!
Wait?!
She doesn't have an Instagram ad running?!
That's a major problem you need to address IMMEDIATELY!
Asking Price: $1,375,500
Selling Price: $1,330,000
There were 8 single family home sales in #Burbank in the last 7 days.
Price per square foot of those 8 homes ranged from $375 per sq ft all the way to $800 per sq ft.
This video is showing you the property that sold for the cheapest price per square foot.
On this episode, I answer the following four real estate questions:
1) How many online views should my home's listing be getting?
2) If we get a general inspection done on our house before we put it on the market, will the buyer still want to inspect the home with their own inspector?
3) What are condo reserves?
4) I'm a really private person and don't want my neighbors to know that I am selling my home. Do I have to put a for sale sign in my front yard?
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Asking Price: $760,000
I'm sure #Grandma loved living at this home... but now it’s ready for a facelift.
This is my favorite home that's for sale right now in the San Fernando Valley.
Asking Price: $38,750,000
Selling Price: $34,650,000
This property is straight out of a #JamesBond movie!
Fun Fact: This property was last sold in 2011 for $8,300,000.
Asking Price: $560,000
If you were to buy a condo on any street in the Valley, Benefit St. is the one you want to be on.
This street is up against all the multi-million dollar homes in Sherman Oaks, and as an extra bonus, it's a 2 minute walk to Ventura Blvd. where all the trendy shops and restaurant are.
This property is available now and is my favorite condo on the market this week.
