Real Estate Tips

There are currently 13 blog entries related to this category.

homebuying myths keeping renters from buying

Renting is the worst. Every month it feels like money being thrown out the window. In Los Angeles, it is getting worse as rents keep increasing and renters are not moving. Only one thing will change this: more rental units become available. This can happen by either developers building more rental buildings, which is being fought by many residents for various reasons (some valid and some ridiculous). Or as renters become home buyers, their former rental will become available for a new tenant. One problem we have seen lately is renters who are hesitant to buy because they have been discouraged by various homebuying myths. We are here to shed some light on some of these myths keeping renters who want to buy from achieving their dreams. I've heard many

2,165 Views, 4 Comments.

The real estate market in Los Angeles is intense. The lack of inventory combined with an abundance of qualified and eager buyers make quality properties a hot commodity that is in high demand. In the current market, it is not uncommon for well-priced homes to have multiple offers and a bidding war within the first week on the market; assuming the home doesn't sell as a pocket listing before going on the MLS. If you are thinking of selling your home and have no idea where to start, below are some of the most commonly asked questions when someone is selling a home in Los Angeles. 

Questions asked by sellers in Los Angeles

How much needs to be done to my house before putting it on the market?

It should be obvious, but I'll say it anyway because I see enough houses to know it isn't obvious

2,173 Views, 1 Comments.

Predicting the 2016 Los Angeles Real Estate Market

At the beginning of each year, articles about every business come out predicting what to look forward to in the new year. Real estate is no exception. I have been busy working with clients who want to get a jump on achieving their 2016 real estate goals, so I am a little behind on getting out my Los Angeles real estate predictions for 2016. So with an extra month to gauge the market, here is what I think the next 11 months will see in the Los Angeles housing market.

Prediction #1: Housing prices will stabilize

There will still be continuous growth in prices in the real estate market but many are saying it will be more of a return to normalcy compared to the double digit appreciation some areas have seen in recent years. Home prices in Southern

9,664 Views, 3 Comments.

Driving through Bel Air, Beverly Hills, Trousdale Estates, the Bird Streets, and Hollywood Hills, the constant construction traffic is simultaneously encouraging and frustrating. The traffic caused by the construction trucks and crews is compounded by narrow, windy roads in the above mentioned areas. However, seeing so many construction projects underway is wonderful when considering the investment people are making into their homes and their neighborhoods in so many areas in Los Angeles. It's hard to see the changes in the neighborhood and not be inspired to do some work on your own home. One of the most important questions to ask before undertaking a project on your own home is "What are the best home improvement projects for return on investment?"

kitchen renovations are among the best investments for home improvement projects

5,035 Views, 5 Comments.

Buying a Home with a mortgage paperworkBuying a home is the biggest purchase most people make in their lifetime. The emotional toll it can take on someone is huge! But for the people that help make that dream a reality (Realtors, lenders, escrow officers, etc.) it is our business. We have to take emotion out of the transaction to get the job done and get the buyer the home of their dreams or help the seller move on to the next chapter in their life. In order for us to do our jobs, we need the buyer and seller to do their jobs. In the buyers case, we need them to get organized, get ready to let strangers pry into their private financial life (especially when buying a home with a loan), and be ready to sign and send every piece of paper we ask for. As a buyer, being aware of their schedule and

3,355 Views, 0 Comments.

 Sell a house with an open house sign

Selling property can be one of the most time-consuming projects a person will encounter. And it can also be one of the most stressful, but it doesn't have to be. One way to make the process go as smooth as possible is to set yourself up for success prior to putting your house on the market. Here are three (plus a bonus) tips to consider while preparing to sell a house.

Get Organized

Gather up all the paperwork related to the property you have accumulated over your time as owner. For example, if you did renovations, locate your copies of all the permits, have the names and numbers of the contractor who did the work, and have all the information ready to pass along to potential buyers while they perform their due diligence. If you plan on taking

3,648 Views, 3 Comments.

Pool with a view at 25067 Jim Bridger Road in Hidden Hills

Summer is coming and the outdoors are best enjoyed during the summer months. While not everyone can be at the beach every day, you can always enjoy a dip in your own pool. Don't have one? We have a couple solutions for that.

1) Move to a home with a pool. A very solid option Gaskill+Peterson can help you with.
2) Install a pool. Depending on your current home, this could be an easy option that would add value and fun to your existing home.

If you love your current home, have the space, and are willing to put in the time and money, consider adding a pool. If you are wondering what the time frame and cost to install a pool are, you are in luck because your answers are below.

The price for a 20ft x 18ft x 6.5ft pool and jacuzzi including

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Based on our local market and clientele, we often have privacy and security at the top of our client's wish lists when looking for a home. Los Angeles is home (or one of many homes) to many high-profile individuals from A-list entertainers, business titans, professional athletes, heads of state, billionaires, and royal families. People come in droves for the chance to make it big in Hollywood or see someone who has made it big. With pictures of celebrities selling to the highest bidder, paparazzi are willing to go to great lengths to get a personal shot of celebs with their guard down. For these VIPs, their privacy and security is one of the most important criteria for their home. A guard-gated community, the penthouse of a high rise with 24-hour doorman,

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Is Selling LA real?

Reality and reality TV are not one and the same. No matter the subject, if it is on TV, the content has been edited for audience entertainment. With that being said, the shows Million Dollar Listing Los Angeles on Bravo and Selling LA on HGTV, which both focus on buying and selling real estate in Los Angeles, are based in reality. And one of those shows, Selling LA, tends to adhere to reality much better than the other. Since I work in the the same Los Angeles neighborhoods and sell the same luxury homes as the agents featured on these real estate shows, it is easy for me to pick up on what is real and what is reality TV.

I have clients who have seen these shows and then acted surprised by the differences between the reality TV shows and a

18,754 Views, 1 Comments.

Buying a fixer in Los AngelesNo matter the situation, every buyer wants a deal. I use the word "deal" subjectively, since a deal to one buyer may not be a deal for another. When purchasing a home, one approach to getting a deal is to buy a turnkey home in area that has not yet gentrified (In Los Angeles, think parts of Echo Park and Highland Park). While you will get more bang for your buck being an urban pioneer, the huge financial upside of this approach is lost if the neighborhood does not turn the corner. Buying a fixer in an established area like the Hollywood Hills, Beverly Hills, or Bel Air is another way buyers can find a deal (and build immediate equity) in the current real estate market.

In today's market, fixer properties are highly desired by both developers who want

3,019 Views, 4 Comments.