What to expect when expecting to buy a home

What to expect when expecting…to buy a home!   Buying a home is an exciting experience. Like a roller coaster, it has its ups and downs. There are issues, that I call hiccups, when you buy a home so you need to prepare yourself to avoid problems down the road. Don’t believe the infomercials about buying homes with “no money down”, “no closing costs”, or “the seller will pay you to buy their home.” Buying a home is more than just having the down payment, the 2 to 3 months in reserve, and Continue reading

Best Real Estate Agents in Los Angeles

Welcome to Los Angeles, home to world-class lifestyles, and glamorous celebrities, who live among highly acclaimed, one of a kind, residential homes. LA is home to many exclusive communities, an experienced real estate salesperson is highly recommended to guide you through the Los Angeles house market.

Some property owners may try to sell their properties themselves, although, it is always in the best interest of an owner to enlist the help of a real estate agent who knows the market well and can do things that the average seller or buyer cannot. Los Angeles real estate agents take a small percentage of the sale amount and offer services to potential buyers and sellers of property that include facilitating the sale or purchase, preparing contracts and leases, and performing market value residential appraisal.

Experience is not only about years on the market, it is about being a succesful and knowledgeable person. Buying or selling a home or property, is more than just listing a property on the MLS, a salesperson must understand the ins and outs of the offer and contract phase, and what happens when hiccups come along. If you have ever purchased or sold a home, you know that hiccups always come up.

A commitment to excellence can make a difference, and are your best source for all properties available throughout Los Angeles. If you are interested in finding your ideal home to settle down and raise your family, you can rely on the highest level of professionalism, integrity, and experience to guide you through the process. A Los Angeles real estate agent familiar with the area, is your best bet.

 

Mortgage rates are dropping to new lows

From the LA Times

Fixed mortgage rates fell to record lows for the second week in a row, a welcome sign for a recovering housing market, economists said.

The average rate on a 30-year loan was 3.31%, the lowest since 1971, according to figures released Wednesday by mortgage giant Freddie Mac. That’s down from 3.34%  last week.

The average on 15-year loans was Continue reading

Los Angeles 2012 Holiday Light Displays

Griffith Park, Los Feliz CANCELLED FOR 2012 Exit Golden State Fwy (5) at Los Feliz and head west. Turn right on Crystal Springs Drive and proceed to the entrance of the Light Festival.

Rodeo Drive, Beverly Hills Twinkle lights and red ribbons adorn the trees, lavish holiday displays decorate the shop windows, poinsettias are planted in the center divider, and the infamous Pretty Woman hotel, The Regent Beverly Wilshire, is bejeweled with lights and interior decorations. Make a day of it and stop in for Afternoon Tea at the Regent. The hotel has a Holiday Desk available to answer questions concerning their festivities. Plan ahead for next year’s Nutcracker Tea, as reservations are sold out one year in advance, or the Christmas Carol Luncheon, when the hotel brings snow to the property for the kids. Continue reading

Los Angeles Real Estate Market Sees Home Sales Fall

While home sales in the Los Angeles market have been above average, in this week’s report there were 2,004 homes sold over the last 30 days. Prices are rising in Los Angeles, and the median sales price this period increased from $370,000 to $380,000. Despite the slip in sales, a relatively low three months of inventory indicates that Los Angeles is a seller’s market.
Demographic facts for Los Angeles:
  • This area has a rating of 65 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 257.5 for every 100,000 people.
  • The area’s health cost index score is 110.6. (100 = national average)
  • 66.5% of the residents commute to work alone in their car, 11.3% via carpool, and 11.2% by way of public transit.