CLOSING COSTS GETTING smaller

Tuesday, October 9th, 2012

Federal regulations are helping to reduce the amount new homebuyers are paying come closing time. The average cost of closing on a mortgage has fallen by 7.4% over the past year, according to a recent survey by Bankrate.com. At the end of June, a homebuyer looking to close on a $200,000 mortgage with 20% down […]

NEW RULES FOR SHORT SALES MAKE IT EASIER FOR BUYERS & SELLERS

Wednesday, October 3rd, 2012

Starting November 1, 2012, Fannie Mae and Freddie Mac will implement new short sale guidelines to make the approval process easier for eligible borrowers. The changes will require a streamlined approach with documents, leading to a reduction in documentation requirements. For example, borrowers who are 90 days or more delinquent and have a credit score […]

Homeowners Insurance in L.A. an Absolute Necessity

Tuesday, September 25th, 2012

It’s tempting to blow off homeowner’s insurance, until the day that you wish you had it. Homeowner’s insurance is an expense that some just don’t see the need for, and as it turns out, the majority of Los Angeles homeowners may never see a true benefit from their homeowners insurance. But for the unlucky few […]

SURF’S UP ! well…a little bit…

Monday, September 17th, 2012

A wave of activity has swept across the real estate market in southern California, which has added value to Real Estate in Los Angeles. The momentum has propelled the prices of for-sale and rental properties upwards in spite of the struggling nationwide economy. According to DataQuick, recent gains in the median sale price of homes […]

To Permit or Not to Permit

Monday, September 10th, 2012

It’s not uncommon to find Los Angeles real estate that has been remodeled without permits. Times are tough, and some sellers are cutting corners and while most unpermitted renovations tend to be small and safe (new bathroom tiles, kitchen cabinets, paint, etc.) bigger projects and additions without the right paperwork might be troublesome, especially for […]

5 Reasons for Living in Hollywood

Saturday, August 18th, 2012

There really is nowhere else in the world like Hollywood. Those who own Hollywood real estate live in the heart of Los Angeles with easy access to all of the amenities one could ever wish for. 1. Attractions Hollywood is full of exciting attractions, beautiful hiking trails, and historical landmarks. The  intersection of Hollywood Boulevard […]

The Incredible Shrinking Inventory

Monday, July 30th, 2012

SHRINKING INVENTORY GOOD NEWS FOR SELLERS     One of the sobering fundamentals shaping real estate this summer is shrinking inventory:  The supply of houses for sale has fallen significantly in most areas compared with a year earlier, sometimes dramatically so. In Los Angeles, available inventory is 49% lower than it was last summer, San […]

Real Estate Fantasy and Facts

Wednesday, July 25th, 2012

First the Fantasy, at least for the majority of us — One of Los Angeles’s most storied properties has hit the market for $150 million. The current Owlwood, which sits between Sunset Boulevard and the Los Angeles Country Club in Holmby Hills, was once three ridiculously over-the-top, celebrified estates, including Jayne Mansfield’s famous Pink Palace […]

Los Angeles City accuses U.S. Bankcorp of being a “slumloard”

Thursday, July 19th, 2012

Los Angeles has sued U.S. Bancorp accusing a unit of the fifth-largest U.S. commercial bank of becoming one of the city’s biggest slumlords and blighting the city by allowing hundreds of foreclosed homes to fall into disrepair.     Los Angeles City alleges that U.S. Bank NA has taken title to more than 1,500 foreclosed […]

Overseas Home Buyers – Buying here

Thursday, June 14th, 2012

Lured by bargain home prices, foreign buyers stepped up their purchases of U.S. homes by 24% over the past year, according to an industry trade group. The National Association of Realtors reported Monday that $82.4 billion worth of homes were sold to international buyers in the 12 months that ended in March, up from $66.4 […]