Summer feels as if it has officially arrived!
A couple items in the news:
1) The California State Senate did not pass the proposed ban on Plastic Bags. While many individual cities (Santa Monica!) have already enacted their own bans, it will not yet be a requirement for all Cali Cities. Culver City just passed a ban on free plastic bags, therefore residents and visitors to CC will need to pay 10cents per plastic bag used.
2) While this article has a very obvious slant (whether you're for or against, just be aware) but the LA Times is reporting on the controversial App that has been buzzing online regarding Malibu Beach Access.
3) Look out! The Pedicabs are coming! LA Times reports on an issue that has been long-contested in the LA area... the pedicabs. Coming to Santa Monica this summer, the pedicabs have both advantages and drawbacks. Having lived in San Diego for many years, the pedicabs downtown were both a bane and a blessing. Being both a college and a military town, there were plenty of people who were.... shall we say..."incapacitated" any night of the week in the downtown and beach areas. The pedicabs were a great at getting those people out of the congested areas, away from the bars and such. You never did know if they were bringing the drunks home, or simply pedaling them to their cars (cars they wouldn't have been able to stumble to on foot, and then drove home). Obviously common sense and social responsibility come into play as in any situation. One could see the pedicabs being a real benefit when the Expo Line is brought all the way down to the Promenade. Pedicabs to and from the Expo could be a truly great solution for getting some of the cars off our streets!
Come see me at 739 Alma Real, Pacific Palisades 90272 this Sunday June 2nd from 2-5pm! Beautiful bright and airy Traditional with 5 bedrooms and 5 baths, a great spa and a lovely kitchen! $3.675.000
Showing posts with label Mansion. Show all posts
Showing posts with label Mansion. Show all posts
Friday, May 31, 2013
Monday, January 14, 2013
Low Housing Inventory meets Thousands of Eager Buyers.
The new year is in full swing, and the inventory crunch has not gotten much better for Westside Home Buyers. With many homes being snatched off the market in a week or less, some Buyer's are feeling frustration.
An enormous portion of the homes I have seen in the last three months have sold with multiple offers, some receiving dozens of offers per day!With interest rates so low, and the prices seemingly on the rise, many Buyers are hoping to get in while the getting is good, and are finding this is much easier said than done.
We are seeing many Buyer having to wait significantly longer than they did even 6 months ago to find a home, and as such as much more willing to really fight to get it when it comes available. We are seeing the result of this in the prices, as a large amount of homes as selling well over asking.
This article in the LA Times shows some of the trending. They also note that while rates are low- bank criteria is still incredibly stringent and only the Buyers who are absolutely prepared and ready can close in 45 days. This means that if your lender or mortgage broker asks you for something- make it your first priority to get it back to him/her. I generally like to give my clients the Three-Hour rule. If you can get the loan officer or lender the documents they have requested within 3 hours- they can often complete the task that day. If you wait longer, you risk pushing back that part of the process and that could lead to a delay in Escrow.
Today's Tip- Clean out under your sinks. We all know that nice, large area under our sinks can become cluttered with cleaning materials, grocery bags and odds and ends. Take some time to clean it out this week! If you need to do an emergency repair to your sink, or lose something down the drain- the extra accessibility will be so appreciated!
Also-we're hitting record low temperatures in LA, and while our cold is nothing compared to many places across the country... our heaters and fireplaces are in full swing. Practice caution and make sure to keep everything flammable away from those areas!
The new year is in full swing, and the inventory crunch has not gotten much better for Westside Home Buyers. With many homes being snatched off the market in a week or less, some Buyer's are feeling frustration.
An enormous portion of the homes I have seen in the last three months have sold with multiple offers, some receiving dozens of offers per day!With interest rates so low, and the prices seemingly on the rise, many Buyers are hoping to get in while the getting is good, and are finding this is much easier said than done.
We are seeing many Buyer having to wait significantly longer than they did even 6 months ago to find a home, and as such as much more willing to really fight to get it when it comes available. We are seeing the result of this in the prices, as a large amount of homes as selling well over asking.
This article in the LA Times shows some of the trending. They also note that while rates are low- bank criteria is still incredibly stringent and only the Buyers who are absolutely prepared and ready can close in 45 days. This means that if your lender or mortgage broker asks you for something- make it your first priority to get it back to him/her. I generally like to give my clients the Three-Hour rule. If you can get the loan officer or lender the documents they have requested within 3 hours- they can often complete the task that day. If you wait longer, you risk pushing back that part of the process and that could lead to a delay in Escrow.
Today's Tip- Clean out under your sinks. We all know that nice, large area under our sinks can become cluttered with cleaning materials, grocery bags and odds and ends. Take some time to clean it out this week! If you need to do an emergency repair to your sink, or lose something down the drain- the extra accessibility will be so appreciated!
Also-we're hitting record low temperatures in LA, and while our cold is nothing compared to many places across the country... our heaters and fireplaces are in full swing. Practice caution and make sure to keep everything flammable away from those areas!
Wednesday, August 29, 2012
Low Inventory in Los Angeles
September is almost here and we have been feeling the heat in LA!
The ocean has been especially warm these last few weeks so it's a great time to sunscreen up and hop in! I like to go to the Pacific Palisades and park on Temescal to walk down to the water, or pop down to Venice and walk around the canals.
Labor Day is this weekend so there may not be as many Open Houses as Angelenos don white pants for the last time and rush the beaches. If you can get your beach time in before the weekend- definitely try! After this weekend, perhaps PCH and the beaches will have less traffic? Let's hope!
If you're out looking at houses on the Westside, keep in mind that inventory is incredibly low and there are quite a few Buyers out and about (Check out this video featuring Joe Light which talks about the lack of inventory, and the Housing Market Recovery!) Once you decide you're ready to purchase (or almost ready!) get to a lender and get Pre-Approved for a loan. Being Pre-Qualified does not mean much in the Westside Los Angeles market these days- you need to know exactly how much you can spend, and the Seller of the home you fall in love with will want that assurance as well. Since there are so few properties on the market- you want to be prepared to put an offer in as soon as absolutely possible after you've seen your dream home. If you still need to get your funding ducks in a row- chances are, someone else will snap it up.
Joe Light talks about the Real Estate Recovery, and comments on Warren Buffet's
TODAY'S TIP: It seems counterintuitive but now is the BEST time to have your heater serviced and your chimney cleaned. As the air starts to cool and people begin switching from AC to heat, all those heating technicians get busy! Better to get in and get everything cleaned and prepped for winter (and who knows... maybe keep an eye out for specials or deals).
The ocean has been especially warm these last few weeks so it's a great time to sunscreen up and hop in! I like to go to the Pacific Palisades and park on Temescal to walk down to the water, or pop down to Venice and walk around the canals.
Labor Day is this weekend so there may not be as many Open Houses as Angelenos don white pants for the last time and rush the beaches. If you can get your beach time in before the weekend- definitely try! After this weekend, perhaps PCH and the beaches will have less traffic? Let's hope!
If you're out looking at houses on the Westside, keep in mind that inventory is incredibly low and there are quite a few Buyers out and about (Check out this video featuring Joe Light which talks about the lack of inventory, and the Housing Market Recovery!) Once you decide you're ready to purchase (or almost ready!) get to a lender and get Pre-Approved for a loan. Being Pre-Qualified does not mean much in the Westside Los Angeles market these days- you need to know exactly how much you can spend, and the Seller of the home you fall in love with will want that assurance as well. Since there are so few properties on the market- you want to be prepared to put an offer in as soon as absolutely possible after you've seen your dream home. If you still need to get your funding ducks in a row- chances are, someone else will snap it up.
Joe Light talks about the Real Estate Recovery, and comments on Warren Buffet's
TODAY'S TIP: It seems counterintuitive but now is the BEST time to have your heater serviced and your chimney cleaned. As the air starts to cool and people begin switching from AC to heat, all those heating technicians get busy! Better to get in and get everything cleaned and prepped for winter (and who knows... maybe keep an eye out for specials or deals).
Monday, June 11, 2012
LA Times talks Home Sales
The Los Angeles Times featured as it's top story this weekend a commentary on the current housing market in Los Angeles. Citing the Census Bureau, Redfin, the National Association of Realtors and several others, writer Alejando Lazo brings to light what every agent and anyone currently in the market is experiencing: we are in a very unique time in the housing market.
Buyers are enjoying the benefits of record-low interest rates and prices well below they saw during the peak, and Sellers are seeing an extreme lack of inventory which is, in many cases, leading to multiple offers (on the Westside we have seen many properties with over 15 offers, and a few properties with over 30!!).
So if you are a Buyer- please expect to see a LOT of people at every open house you attend, and understand that you must be ready to move quickly if the right property comes along! All cash is usually best to a Seller, if you can swing it, but if you need to go with financing- interest rates are at an all-time low so make sure to get PreApproved (not PreQualified) to put yourself in the best position possible for the Sellers to consider you a serious Buyer!
Tip of the Week: Get a duster, a rag and/or some polish and get to work cleaning those banisters! If you do not have banisters in your house- you definitely have window sills and I bet they'd love a nice scrub before they are opened all summer long! Consider using a homemade formula of vinegar and water, or something natural you find in the grocery store like Nellie's brand products to keep toxins out of your house! Feel free to take a look at these Great Options!
Buyers are enjoying the benefits of record-low interest rates and prices well below they saw during the peak, and Sellers are seeing an extreme lack of inventory which is, in many cases, leading to multiple offers (on the Westside we have seen many properties with over 15 offers, and a few properties with over 30!!).
So if you are a Buyer- please expect to see a LOT of people at every open house you attend, and understand that you must be ready to move quickly if the right property comes along! All cash is usually best to a Seller, if you can swing it, but if you need to go with financing- interest rates are at an all-time low so make sure to get PreApproved (not PreQualified) to put yourself in the best position possible for the Sellers to consider you a serious Buyer!
Tip of the Week: Get a duster, a rag and/or some polish and get to work cleaning those banisters! If you do not have banisters in your house- you definitely have window sills and I bet they'd love a nice scrub before they are opened all summer long! Consider using a homemade formula of vinegar and water, or something natural you find in the grocery store like Nellie's brand products to keep toxins out of your house! Feel free to take a look at these Great Options!
Thursday, May 31, 2012
Almost June!
It's almost June and we are ready to welcome Summer with some exciting news for homebuyers, and homeowners looking to refinance their homes! According to Zunaira Zaki of the Yahoo News team, mortgage rates are reaching new record lows! Most astoundingly, a 15 year mortgage rate is being offered at 2.97%!!
Of course it can be difficult to find or obtain these loans, and near perfect credit is a must, but they are out there! If that isn't a good reason to pack up and
This week I'd also like to talk about the importance of a good Escrow Officer. California handles the Escrow process differently than many other states in that we employ an independent company we call an Escrow Company to act as liaison between Buyer and Seller in the transfer of documents, funds, etc. (For a very lengthy and in-depth look at Escrow Companies check out this Department of Real Estate resource HERE).
As you run around this summer looking for houses, or just enjoying your time outside- make sure to continuously apply sunscreen! Consumer Report issued a statement recently on the best and worst sunscreens to keep an eye out for.
BEST BUYS:
- No-Ad lotion with aloe &vitamin E, SPF 45, $.59/ounce
- Walgreens continuous spray sport, SPF 50, $1.30/ounce
- Coppertone oil-free foaming spray, SPF 75+, $1.67/ounce
WORST CHOICES:
- Alba Botanical natural very emollient sunblock sport, SPF 45
- Banana Boat Kids tear-free, sting-free, SPF 50+
Thursday, December 1, 2011
Things are looking up!
My Christmas present came early this year in the form of documented reports showing what I have seen to be true... there is positive movement in the Real Estate world here in Western Los Angeles!
While the rest of the country looks at our beautiful homes, impeccable weather, well-known neighbors, and healthy environment- we know there is certainly a cost to living here. Where a moderately large home in a nice neighborhood costs as little as a tenth of what we pay here... I think Angelino's are the first to admit whatever we pay is worth it.
Check out this article about our market, specifically noting the significant decrease in turnaround time for homes over $3M... I think you will be fascinated!
http://www.businesswire.com/news/home/20111117005334/en/WEA-Survey-Shows-Luxury-Housing-Sales-Keeping
Tip of the week: Take a minute to clean out your gutters and remove the debris that may have collected on the rooftop during the crazy wind storm we had last night. You may be putting up holiday decorations, or adjusting your satellites after the storm, but make sure your roof is free and clear of debris so you can easily spot and fix any damage before it becomes a large problem!
While the rest of the country looks at our beautiful homes, impeccable weather, well-known neighbors, and healthy environment- we know there is certainly a cost to living here. Where a moderately large home in a nice neighborhood costs as little as a tenth of what we pay here... I think Angelino's are the first to admit whatever we pay is worth it.
Check out this article about our market, specifically noting the significant decrease in turnaround time for homes over $3M... I think you will be fascinated!
http://www.businesswire.com/news/home/20111117005334/en/WEA-Survey-Shows-Luxury-Housing-Sales-Keeping
Tip of the week: Take a minute to clean out your gutters and remove the debris that may have collected on the rooftop during the crazy wind storm we had last night. You may be putting up holiday decorations, or adjusting your satellites after the storm, but make sure your roof is free and clear of debris so you can easily spot and fix any damage before it becomes a large problem!
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