I recently wrote a post, You Have Had your Home Inspection, What’s Next?. As a result I got a call yesterday from a very nice gentleman who wanted my advice on his situation. He is in escrow on a home and had paid $5,000 over the asking price. The inspection showed some problems that were going
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02/28/2013
When looking for a Los Angeles home to buy or rent you may find something on the market that is listed in both categories. What does this mean? In the days when it was a buyers’ market then probably the owner needed out for one reason or another and was not sure he or she would be able to sell t
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02/25/2013
Why do I say inspect with purpose? When buying a Los Angeles home you should know that each transaction is different, that is why when you are in escrow on that home your inspections should be carried out in a well thought-out manner. If you don’t stay on top of the progression of escrow you ca
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02/23/2013
Let’s see the trend for Santa Monica homes for sale over the past year. Inventory is low, that we know, but how is the median price, how low is the inventory, where was the peak? Single family homes 13 homes sold in January, up 2 over the January 2012. This was the most sales per month in a yea
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02/22/2013
The Los Angeles real estate market is not one market. Beverly Hills is a world apart from the rest of Los Angeles so it will be interesting to look at how Beverly Hills compares with L.A. County statistics and California as a whole. The figures are based on the past three months, followed by th
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02/20/2013
You are buying a Los Angeles home and your offer has been accepted. The very first thing you are going to do is put your good faith deposit (generally 3% of the purchase price) into escrow. This is held, as its name suggests, to show good faith that you are serious about purchasing the property
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02/19/2013
This is criminal. The home is underpriced by around $200K. There were already 13 offers one hour into the open house with another 5 days to go.
02/17/2013
You may be considering buying Los Angeles real estate and may have luckily have identified a home and gone into escrow. Now you need to decide how you are going to take title, especially if you a taking it jointly. There are various way to take title, including: Sole Ownership. Co-Ownership B
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02/16/2013
I constantly get calls from buyers looking for Santa Monica homes for sale, particularly the beach front properties. Santa Monica homes for sale are down 40% from January 2012 to a total of 64 and the median sold price is up 25% to $2,283,750. Santa Monica condos for sale are down 46% over the
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02/13/2013
