Posts Tagged with ‘Real Estate News’

• Scorching Hot Summer for L.A. Eastside Buyers

  20 Apr 2016

  2016 is shaping up to be another scorching summer for home buyers on LA’s Eastside. While interest rates have held steady, sales prices for the most desirable homes are still selling for at least 10% over asking–sometimes more (see above). Though there’s more inventory, it’s mostly crappy — by crappy I mean dingy, dirty fixers, crap-tastic cheap flips and lifeless stucco boxes with delusional sellers who believe they can command the kind of money being thrown at the top tier lookers. The good news is that historically, summer means more inventory. More inventory means more buyers, but instead of everyone bidding on that ONE amazing house, buyers will have more to look at and offers will spread over 4-5 pretty stellar homes. Is more inventory an indication of a turning market? I wouldn’t bet a nickle on that, but it’s definitely promising news for weary buyers who have shuttled from that one magical house to the next like cattle. So what does this mean for buyers and sellers? Here are 10 piping hot tips fresh from the trenches: Buyers – You need an awesome agent who knows what she’s doing – Understand that you still need to be aggressive even…

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• Happy 2016! Here’s What You Need to Know Now

  12 Jan 2016

  So maybe you spent the last month visiting relatives from coast to coast wondering why you’re doing all the traveling and luggage schlepping while they get to stay buttoned up in the comfort of their home. If you’ve decided that 2016 is the year you end the madness and plant roots by buying your own home, you’ve come to the right place!

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• How to Buy a House, Step 1: Loan Pre-Approval

  03 Jun 2015

  You scour Curbed and DVR every home improvement show on HGTV. Your lease may be up for renewal and you’re probably wondering, why am I paying $2000 or more a month? Expecting a 2nd bundle of joy and wondering where to fit her in your 2BR? Have you contracted the I-want-to-buy-a-house bug and don’t know what to do? Before you do anything — go to open houses, Redfin every house around you and even contact an awesome agent, the very first thing you have to do is pre-qualify for a home loan. If a house looks good and is priced well in a decent neighborhood, it’s going to fly off the market. If you’re not armed with a pre-approval, you can kiss goodbye that charming bungalow you saw last weekend. So how does it work? It’s as easy as a 15-minute phone call or an email with either of my two incredibly awesome lenders. If you don’t dilly dally and send them everything they need, you can get your pre-approval letter the same day, write an offer and schedule the movers. Eddie Ajamian, NMLS #342821, Franklin Loan Center, Pasadena O: 626-219-7192 | C: 626-826-5225 | F: 626-605-2500

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