You are in escrow? Don’t apply for any new credit!
You have been seaching for months to find your deam home in a decent location and you think you have it in the bag, having outbid multiple offers along the way and you are now safely in escrow. Everything is going great, you are a few weeks away from closing and you are already shopping around for all of the home furnishings you will need to... [Read more]
Buying a home for sale in the Los Angeles area is getting cheaper, but it can still be pricey proposition. A recent article published by the California Association of Realtors shows that the entry-level housing affordability is 66% for California for the first quarter of 2010. The entry-level housing affordability measures the percentage of households that can afford to buy an entry level property.... [Read more]
A recent article published by the California Association of Realtors examines whether we are headed for another decline in house prices. According to the article, the sale of homes decreased by 11.7% from February 2010 to February 2009, while the median price rose to $279,840. Are we gearing towards another dip? The C.A.R. says it is unlikely based on the following elements:
- affordability is... [Read more]
Just like it is for the weather, April is something of a transitional month for real estate in Southern California. This seems to be the case this year we are facing the expiration of the federal tax credit of up to $8000 for first time home buyers who enter into contract by April 30. (Now that California has joined the game by throwing in an additional tax credit, for a short while at least,... [Read more]
Last time I analyzed the MLS data for the North West San Fernando Valley, I noted some encouraging trends: a 1% year-over-year increase in the median sold price, and the fact that the “for sale” prices were within approximately 10% of the “sold prices,” which is considered a healthy equilibrium between buyers and sellers. This basically means that sellers are being realistic,... [Read more]
Happy Thanksgiving! Prospective home buyers and refinancers alike can be especially thankful this year. According to the L.A. Times, Fannie Mae reports that during the week that ended yesterday (before the Thanksgiving holiday) mortgage rates dropped to a record low (4.78%!!), a level last seen in April, during much gloomier economic times. Not surprisingly, these low rates have already gotten... [Read more]
DataQuick has reported that Southland home sales are up overall, and the same trend can be seen in the MLS data from the Northwest San Fernando Valley. Indeed sold prices have actually increased by 1% from a year ago. Also, since the gap between the “for sale” price and the “sold” price is now within 10%, which is considered to be a good sign for increasing sales, as the sellers’... [Read more]
I was recently chosen to be an official contributor as a Real Estate News columnist on Biggerpockets.com. I have always admired Bigger Pockets for the depth and quality of content, so I was naturally thrilled to be selected to be a contributor. The founder of Bigger Pockets, Josh Dorkin, is an amazing guy and a former Keller Williams® agent.
My first “official” Bigger Pockets post related... [Read more]
I loved this impression of Anton Chigurh foisting off a house on a unsuspecting couple.
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Incredible high yield opportunity on a true Duplex, 2 on a lot. Completely remodeled units ready to rent. ALL seperate meters including water!This property will go fast!
Market rents for the 2/1 is $1250 and the 1/1 rents for $850. GSI $24,600 yr/ $2050 mth.
Low expenses and great income make this an incredible deal, call today to make an offer!
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Totally renovated duplex in desirable Sherman Oaks with granite countertop and newer cabinets and paints! 1 unit is 3 bed/1 bath, 1 unit is 1 bed/1bath. Great Location. Not a short sale or REO. Call today to make an offer!
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Great investment. 3 UNITS. Each unit is 2-bedroom, 1 bath, 1100 sq ft(apxt), 1-Car garage for each unit, both bottom units have private patios, front unit has private backyard. Generates $60,000 in yearly gross income! Contact me for more details!
offered at $798,900
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