Buyer’s remorse is rampant among pandemic purchasers

A large crop of unhappy homeowners is emerging after having time to settle with their hasty pandemic purchase in the last couple of years.

Buyers at the time were bidding up home prices to beat out fierce competition, and many waived the home inspection or appraisal to get the house they wanted.

But now they may regret the extremes they went to for a home: More than three-fourths of U.S. homeowners who purchased in the prior year expressed regret about their decision, according to an October survey from Hippo, a home insurance group.

The top reasons for their regret are:

-I spent too much: 30%

-I bought too quickly: 26%

-My home requires too much maintenance: 25%

-I bought a fixer-upper: 24%

-I was pressured to make an offer: 21%

-I bought sight-unseen: 17%

-I don't like my home's location: 15%

-I don't like my neighbors: 15%

-I don't like my home: 13%

This survey was conducted by Kickstand Communications on behalf of Hippo Insurance Services. Fielded between October 22-28, 2022, the results are based on 1,002 respondents.

Don't overlook this LA off-market property on Mulholland Dr. Hot tub included!

For the general location, in Google maps, put in "Mulholland Dr. and Beverly Glen Blvd."

Text me for more info at 818-445-7953.

This home has 4 bed/3 baths, 2,200 sq. ft. of living space, and the lot is about 7,100 sq ft.

The home features an open floor plan, refinished hardwood floors, custom wood-beamed ceilings, marble fireplaces, and Viking stainless steel appliances in the kitchen.

Outside is a brand-new tile deck, low-maintenance landscaping, and a Crown Collection Marquis hot tub.

Super Bowl performer The Weekend is selling his MEGA mansion!

Super Bowl Halftime performer, The Weekend, is having a rough time selling his home at $21,995,000.

This property consists of the main house and 2-story guest home totaling 9 bed/11 baths, 12,547 sq. ft. of living space, and a 128,089 sq. ft. lot.

Text me if you want a tour at 818-445-7953.

Come check out my latest off market property in Sherman Oaks. Brand NEW house w/ ADU!

New off-market property in Sherman Oaks!

Not available to the public.

This newly constructed home features a main house with 3 bed / 3.5 baths and an ADU with 1 bed / 1.5 baths.

Total of 3,057 sq. ft. of living space on a 6,754 sq. ft. lot.

The home features an open floor plan, large kitchen w/ island, stainless steel appliances, high ceilings, recessed lighting, hardwood floors, a large master suite w/ walk-in closet, and ensuite bathroom w/ steam shower & a tub.

Text me if you want a tour at 818-445-7953.

51% of homes in LA are “Equity-Rich”

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.

This home sold over the asking price this week in North Hills. Did they pay too much?

Here is the most expensive home sold in North Hills this week.

Asking price: $899,000

Sale price: $941,000

This home has a total of 5 bedrooms/ 3.5 bathrooms, 2,661 sq. ft. of living space, and a 7,805 sq. ft. lot.

The home features a newly remodeled farmhouse kitchen and a 2 bed / 1 bath guest unit above the garage.

This La Cañada home has been on the market FOREVER! Will it ever sell?

This home has been on the market longer than any other active La Cañada home... 673 days total.

Asking price: $10,000,000

This home w/ attached guest house has a total of 5 bed/9 baths, 13,097 sq. ft. of living space, and the lot size is 1.18 Acres.

The property features a home theater, wine cellar, home gym w/ sauna, and a 4 car garage/motor court.

Outside there is a custom tiled pool & spa, along with lush landscaping.

Text me if you want a tour at 818-445-7953.

I want to show you my latest OFF MARKET property in Los Angeles

Off Market Property in Los Angeles!

Not available to the public!

The asking price is $1,995,000.

This quiet cul-de-sac home has 3 bed/3 baths, 2,724 sq. ft. of living space and an 11,783 sq. ft. lot.

The home features a gas fireplace in the living room, a sunlit kitchen with top of the line appliances, and a backyard that has a private deck, patio, and spa.

The home is within walking distance to the Beverly Glen Center – with restaurants & shopping.

Text me if you want a tour at 818-445-7953.

STOP everything and take a look at this "Hot Home" in Eagle Rock!

“Hot Home” in Eagle Rock!

The asking price is $1,449,988.

This renovated traditional farmhouse smart home has 4 bed/4 baths, 2,140 sq. ft. of living space, and a 6,997 sq. ft. lot.

The home features an open concept living space with 15 ft vaulted ceilings.

A tablet controls your lighting, Nest Climate, Ring Doorbell, and Sonos built-in speaker surround system.

Text me if you want a tour at 818-445-7953.

You can buy a home under a secret name

Did you know that when you buy a home, you don't have to put the title of the property in your name?

If you have a living trust set up, you can buy the home under the name of the trust.

For example, if the name of your #trust is "Banana Family Trust", and you buy the home under your trust, the owner’s name on the title will appear as "Banana Family Trust" and not your legal name.

This also works if you buy the home under a #LLC.

Use this hack if you want to keep the purchase of your home a secret.