Your #1 Source for Real Estate in Los Angeles!
The Real Estate Market is hot again in LA! The stats are in for April and housing prices are up by 30% since April 2012! Inventory is LOW! Buyer demand is HIGH! Now is a great time to list your home! Call or email me with any questions. CLICK ON THE MAP BELOW to get a better view of the entire county of Los Angeles. … [Read more...]
Do not do any of the following while applying for a mortgage: 1.Change job, become self-employed or quit your job. 2.Buy a car, truck, boat or furniture or any large items on your credit card 3.Charge excessively on your credit card or be late on your payments or apply for a new line of credit or other loan 4.Cancel any credit cards 5.Spend your down payment or closing costs money. 6.Omit any debts or liabilities on your loan application. 7.Excessive inquiries on your credit. 8.Make … [Read more...]
In the next few postings, I will be explaining all the "Credit Score Mysteries" "Credit Scores" play an important role in today's lending environment, yet how they are applied is often a "mystery" to the consumer. With access to a variety of new resources, consumers are now able to learn about and manage their personal credit and protect their credit identity from fraud and theft. What is a Credit Score? A credit score is the result of a mathematical equation that evaluates many … [Read more...]
Properties in Los Angeles and mainly the Westside (from Silverlake to Santa Monica) are selling in multiple offers again! This reminds us of what the market was like 3 or 4 years ago when the list price of a home was really just the "initial bid price". And if you made an offer below the asking price, the seller didn't even bother sending you a counter offer! Pretty rude, right?... The combination of a VERY restricted inventory, relatively low prices (generally still lower than 2008 … [Read more...]
Congress Votes to Increase FHA Loan Limits Working in concert to meet a tight deadline, Congress and the White House have raised the FHA loan limit in high-cost real estate markets, making it easier to obtain an FHA loan on properties up to $729,750*. Following passing votes in the House of Representatives and Senate, President Obama signed HR 2112, the Consolidated and Further Continuing Appropriations Act of 2012, into law, renewing the expired higher loan limits for Federal Housing … [Read more...]
I just closed escrow today representing a wonderful family who just bought a beautiful house in very cute neighborhood, near Fairfax and 8th street. It wasn't an easy deal but I couldn't be any happier for them! They are going to be very happy there! And I also just got a new listing contract signed today: a great 3bd house in Silverlake with its own music studio, and beautiful views of the Reservoir! It couldn't happen at a better time, on the eve on Rosh Hashana, so of course it's … [Read more...]
This morning I got contacted by a new potential client who is about to embark on the important project of buying a new home in Los Angeles and she asked me the following question: "There are so many agents in this town, why should I only commit to one?" That's a fair question and this was my answer to her: Dear Stella, Thank you for your great question! Let me explain why you should work exclusively with only one real estate agent at a time: 99% of the properties that are on the … [Read more...]
A new client asked me the following questions: Michel, now that we can access all the information that we need about properties for sale in Los Angeles, why should I use you as my agent? May I can call the seller's agent directly and get a better deal? what do you think? And tell me what is the risk if any? Well John, I am so glad you asked me that question, because I actually love answering it! ;) First of you have to understand how the payment of real estate commission process works. … [Read more...]
Our first Real Estate Buyer presentation held at our brand new office on Sunset Blvd at the Directors Guild building was a great success!! Dorain Williams of Prospect Mortgage did a fantastic job at explain the current state of the lending market and many guest said they were happily surprise to learn that there are so many other options to obtain a loan, besides a 20% minimum down payment! The dozen guest who attended also learned a lot of very valuable information about the entire … [Read more...]
The global financial turmoil of the last several years has slowed many aspects of American society, but not the need to own a home. Despite a tough economy, Americans continue to graduate from college, get married, have kids, relocate to pursue job opportunities and experience many other life events that trigger the need to become a homeowner. Right now is actually an excellent time for first-time buyers to buy a home. The reason is that several market conditions — … [Read more...]
Grande Bella Casa Espaniola! Spacious Spanish/Mediterranean home, full of charm, warmth and original details such as hardwood floor and colorful … [Read More...]
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