Archive for the ‘Real Estate Bits’ Category
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10 Hot Tips Fresh From the Real Estate Trenches
02 Apr 2015Even though it’s warm and sunny outside, it’s still traditionally the slowest part of the real estate year. So is it really slowing down? I wouldn’t bet on that. It’s been a while since I’ve experienced being one of 10, 14 or even 20 offers on a house – until now. Most recently, my buyers won a coveted Craftsman in prime Eagle Rock. Even though it went crazy over asking, winning an exquisite, move-in ready beauty takes more than just having the best price. Buyers need to be masterfully represented so that you can standout in a sea of high offers and tear-jerking motivation letters. Want to buy or sell now? Here are 10 more piping hot tips fresh from the trenches: Buyers 1. You need a talented agent who knows what she’s doing 2. It matters that your agent is liked/respected by other agents 3. Competition for hot properties (the 1% that looks amazing) is up considerably 4. Be weary of seller’s agents who peddle their services to you – they work for the seller 5. Believe in the power of being the backup offer – half my clients moved to 1st after shaky first escrows collapsed Sellers 6.…
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Will 2015 Be the Year You Become a Homeowner?
14 Jan 2015Did you sit on the sidelines as everyone you knew became homeowners in 2014? Are you still waiting for prices to come spiraling down? With rates hovering at 3.75% for a 30-year-fixed (the lowest since May 2013), it’s highly, highly unlikely that’s going to happen anytime soon. The painful facts are that it’s still a seller’s market, inventory is still relatively low and the Eastside, featuring the sizzling ‘hoods of Highland Park, Eagle Rock, Mt. Washington, Atwater and Silver Lake, is still the hottest market in L.A. So what’s a newly motivated prospective home buyer to do? Luckily, to buy a house, you only need two little things! If you’ve made up your mind to buy a house in 2015, the first thing you’ll need is 1) a loan pre-approval. With homes literally flying off the market, it’s imperative that you’re prepared because the gems (great locations, looks, price) will sell within 1-14 days. Second, and probably most importantly, you’ll need 2) an awesome real estate agent, may I suggest me :), to guide you through sometimes choppy Eastside waters and get you safely to your new front door. Questions? Ask away! Need a great lender referral? My preferred lenders…
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BUYERS: How to Buy Your Own Little Piece of L.A.
30 Jul 2014Searching for a home in Highland Park, Silver Lake, Eagle Rock or Mt. Washington? You and everybody else. Thanks to Forbes, the L.A. Times and Redfin, our sizzling Eastside hoods spent all of 2012 and 2013 under the national spotlight–making an already tough market, nearly impenetrable for buyers looking to plant roots and not flip. What’s a regular buyer to do? Luckily, to buy a house, you only need two little things! If you’ve made up your mind to buy a house, the first thing you’ll need is 1) a loan pre-approval. With homes literally flying off the market, it’s imperative that you’re prepared because the gems (great locations, looks, price) will sell within 7-14 days. Lastly, and probably most important, you’ll need 2) an awesome real estate agent, may I suggest me :), to guide you through sometimes choppy Eastside waters and get you safely to your new front door. Questions? Ask away! Need a great lender referral? My preferred lenders are nice, approachable, great at explaining and hand holding. They’ll go battle for you to get your loan through underwriting, so have a quick chat to determine the best fit. Eddie Ajamian, NMLSR #342821, Franklin Loan Center, Pasadena…
