One of Singapore's richest business man buys lavish Hollywood Hills Chateau!

Singapore billionaire buys decadent Hollywood Hills Chateau.

Asking price: $14,995,000

Selling price: $13,457,000

This home has 7 bed/8 bath, 8,609 sq. ft. of living space, and is on a 19,814 sq. ft. lot.

The Chateau des Anges is a neoclassical French chateau-esque, and it features a palatial ballroom, a “meditation room,” a gym, and two massive basements, one of which has been converted into a high-tech panic room.

The grounds have multiple patios, and a pool with a golden figure, La Reine des Étoiles (The Queen of the Stars), the “guardian and ambassador of a life well lived."

Marc Andreessen breaks Jeff Bezo's record of purchasing the MOST EXPENSIVE home in CA!

Billionaire Marc Andreessen just paid a record-breaking amount for this Malibu Compound.

Original Asking price: $250,000,000

Selling price: $177,000,000

It sold for $12 million more than the earlier record set last year by Jeff Bezos in Beverly Hills.

The main house is about 10,000 sq. ft. of living space and sits on 7 acres of land.

Located in the Paradise Cove section of Malibu, the home offers panoramic ocean views.

The compound reportedly features 13 structures, including a detached screening room, multiple guesthouses, 2 barns converted into a car collectors’ garage, and a pool with a cabana.

Put your home in a trust before it's too late

If you don't put your home in a Trust, and you die, the home goes to Probate... in other words the state takes over your home instead of your family.
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You don't want that, right?
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A trust will cost you about $900 to set up, but will save your family thousands and thousands and thousands of dollars by avoiding the lawyers they would have to get when dealing with a probate.

How can I become your real estate agent?

If I have brought you any value through my content, please take the time to give my your thoughts. Insights@ContempoRealtors.com

Thank you!

The wrong square footage on your tax records could get you less money for your home

When a buyer is considering putting an offer in on your home, the buyers agent will first check your home's public tax records.
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If they see the square footage on the tax records show your home is 2000 sq ft, but you know for a fact that its 2500 sq ft, this creates a problem.
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They will believe the tax records over you.
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Therefore, they offer they submit will be based off of 2000 sq ft. And that means less money for you.
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Lets avoid that!
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Get your records changed before you even put it on the market.
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I can set you up with an assessor who will come and fix your tax records... for free... just ask!

Bob Hope estate just sold in Toluca Lake

My favorite Toluca Lake home to sell this week is the iconic #BobHope estate. Asking price $22 Million, sold for $15 Million.

Check out what curbed LA had to say about it...

Well, how about that—a sale has finally gone through on Bob and Dolores Hope’s former estate in Toluca Lake. Concluding a saga that began nearly six years ago, supermarket magnate Ron Burkle has acquired the 5.2-acre property for $15 million. This is the second Hope-related property in Burkle’s real estate portfolio: He picked up the couple’s John Lautner-designed Palm Springs residence for $13 million two years ago. The Burbank estate was first put on the market with an asking price of $27.5 million in 2013, and there it lingered, while sporadically getting price-chops. In 2017, Los Angeles City Councilman David Ryu introduced emergency legislation to have the property declared a historic-cultural monument after a buyer in escrow obtained a demolition permit for outlying buildings. Standing in firm opposition to this was Bob and Dolores’ daughter Linda Hope, who argued that historic designation would devalue the home and narrow the field of prospective buyers. Designation was denied after Ryu’s motion failed to get the ten votes necessary to pass. Burkle is reportedly planning to preserve and restore the main residence, which was originally built in 1939 by architect Robert Finkelhor and expanded into a 15,000 square foot home in the 1950s by Hollywood Regency architect John Elgin Woolf. The rambling property also includes indoor and outdoor pools, formal gardens, a guest house, a three-hole golf course, and a putting green. all proceeds from the sale will go to the Bob & Dolores Hope Foundation, in keeping with a stipulation in Dolores Hope’s will.

Send a notice to perform to get your home buyers attention

If your home buyer is not releasing one of their contingencies, send them a notice to perform.
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The notice says that if they don't release their contingency then you will be forced to cancel escrow and find another buyer for the home.
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That will get their attention!

Ready to sell your home? We are ready to help.

I promise you that our 72 Hour Home Selling Program is unlike any selling strategy you have ever seen.
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If you are ready to sell your home, give us a chance to show you what we will do to get you top dollar... fast!
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Let’s talk! 818-445-7953 or Daniel@ContempoRealtors.com

The minimum money I recommend you put down is 10% of the purchase price of the home

You can put down less money if purchasing in a less desirable area.
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But if you want to live in a hot part of town, you better put down AT LEAST 10%.
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Keep in mind 20% is just average.

When is the best time of year to sell a home?

Focus on housing inventory levels, not what time of year it is.

Keep your home utilities on during escrow

Keep your utilities on until all of your home buyers contingencies are removed.

1% of real estate transactions are short sales

Back in 2012 almost every sale was a bank owned sale or a short sale.
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Both are now almost completely gone.

Get your condo complex FHA approved immediately

Show up at you condo board meetings and demand to get you condo complex FHA approved immediately.

That way when you sell your condo, you will be able to accept offers from FHA buyers.

Opening up your condo to all buyers means top dollar for you!

I can point you in the right direction as to which FHA approval companies you should be using.

Your home listing should say "0 DOM" when it first hits the market

"DOM" stands for "Days On Market".
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Agents put in the incorrect dates all the time.
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Putting in the wrong date can cause your listing to appear like it's been on the market a long time.
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When you are selling, you want to avoid that at all costs.
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If you are a brand new listing, you want it to say "0 DOM".

This is how to handle multiple offers on your home

The best way to handle multiple offers is to ask the buyers for their best and final offer.
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That way when your review your offers you know where everyone stands and don't have to wonder if you are leaving any money on the table.
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See the full answer on The #AskDanielLosAngeles Show - Facebook.com/DanielLosAngelesShow