Here's how you can raise your credit score...

One way to raise your credit score is to fix any incorrect delinquencies you see on your credit report.

After you get a copy of your credit report in hand, scan the report for any mistakes.

You may see a certain bill that you paid off 5 years ago is still showing up on your credit report as delinquent and not paid off.

Call that company up and tell them that you already paid that bill 5 years ago and that you want them to report back to all 3 credit bureaus that the bill has been paid off in full.

Be prepared to provide them proof that you paid off that bill if they dispute they received payment.

Do that same procedure for every single incorrect delinquency that has been reported.

Yes, this is a huge pain, but once done you will see your credit score improve over time.

My client did this exact process and raised their credit score about 100 points in 6 months.

Best of all, it's free! But it takes time.

HGTV wants you

HGTV reached out to me... they are casting for a show where a buyer of a property is then planning on gifting that property to someone else.

If this sounds like something you are interested in being a part of, contact me and I’ll set you up with the casting director.

Don't buy any big items while in escrow

While you are in escrow to buy a home, you are going to be tempted to start buying things for your new property.

Don't do it!

Right before you are scheduled to close escrow, your lender is going to rerun your credit, look at how much debt you have, and look at your overall financial situation.

Buying big-ticket items like a new washer and dryer or stove and putting that purchase on a credit card could stop you from getting a loan.

You want to be careful with that because your lender will take into account your "debt to income ratio".

If your debt amount starts climbing up, that’s a red flag to the lender and they may deny your loan.

All big-ticket items need to be purchased AFTER you close escrow.

Once the deal is done it doesn't matter how much debt you rack up... it will not affect your home loan.

Episode 32 of The #AskDanielLosAngeles Show

On this episode, I answer the following four real estate questions:

1) When applying for a mortgage, I've heard that applying for other types of credit before the mortgage is finalized can hurt your credit. Is this true?

2) We are already in escrow to sell my home, but I'm now having second thoughts on selling. How can I back out of the deal?

3) I recently went to get pre-approved for a home loan. The lender said he can't get me a loan because my credit score is too low. How can I raise my score?

4) My agent is having a hard time selling my home. I just don't think he is the right person for the job. What is the process to fire him?

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This weeks cheapest home to sell in Sherman Oaks

This 2 bedroom, 2 bath corner lot home was the cheapest home to sell this week in Sherman Oaks.

The home is 1,554 sq ft has hardwood floors, brick fireplace, and galley kitchen.

Do you think this was a good deal?

Video recap of our 2nd Annual Pie Giveaway

Dear Friends and Clients,

Thank you to those who participated in our 2nd annual Thanksgiving pie giveaway!

It means a lot that you entrusted us to provide the delicious dessert for your Thanksgiving feast.

The best part was getting to reconnect with friends and past clients and hearing about everyone's Thanksgiving plans.

Hope you all have a wonderful holiday season and an amazing New Year!

I'm thankful for all my friends and clients

I did it again... I gave all my friends and clients pies for Thanksgiving!

I am so grateful for all the real estate referrals you have sent my way this year.

You have all made 2019 the biggest and most successful year of my career so far!

This pie is a small token of my appreciation.

Thank you all and Happy Thanksgiving!

Didn't get the pie memo? Text me your email address and I'll be sure to include you in the festivities next year. 818-445-7953

Episode 31 of The #AskDanielLosAngeles Show

On this episode, I answer the following four real estate questions:

1) I heard the Holiday season, in general, is not a good time to sell a property. What are your thoughts?

2) I bought my home a couple of months ago and now all of a sudden I received a "supplemental tax" bill in the mail. Who is supposed to pay that tax bill, me or the previous homeowner?

3) Which month is better to put a home up for sale, January or February?

4) I'm about to close escrow and sell my home. Do I have to hire a professional cleaning company before I move out?

We have almost 20,000 followers on Instagram… come join us!

Most expensive home to sell this week in Sherman Oaks

Asking price: $2,899,000 Selling price: $2,750,000.

This newly constructed home is incredible!

It's a modern/farmhouse style home that is very much in demand in the Valley.

It's brand new construction, so I'm not surprised that it was the most expensive home to sell this week in Sherman Oaks.

When to adjust your budget

Agents are strategically putting the asking price on their listings lower than fair market value.

By doing this the listing gets a lot of attention and gets multiple offers.

The property then sells for above-asking price, usually at fair market value.

Now that you know this info, be prepared to put in an offer on a home above your budget.

You could also look at properties below your budget and anticipate that the price will go up to your original budget.

Be the home buyer that is outbidding the others

Are you constantly being outbid when submitting an offer on a home?

Having a lower asking price is a widely used strategy by real estate agents to get multiple offers on their listing.

If you are seeing this a lot in your search area, adjust your budget!

Let's say your budget is $800k and you notice you have been outbid now a couple of times by buyers offering $25K above the asking price.

Adjust your budget down to $775K.

That way you can now be the one to submit an offer above the asking price.

You will now be the one who is outbidding all the other buyers by $25k.

Of course, have your agent do a market analysis on the property to make sure whatever amount you are offering is fair market value for the property.

Episode 28 of The #AskDanielLosAngeles Show

On this episode, I answer the following four real estate questions:

1) Do you think home prices have gone up in value so far in 2019?

2) What should I expect to happen as I get closer to closing escrow on our home?

3) We are in the middle of buying a house right now. When does the title get transferred over to us and we officially become the owners of the home?

4) Once we close escrow, when do we turn over possession of my home to the buyer?

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