L.A. real estate news and insights.
If your buying a home, your agent will know what the seller is willing to pay him in a commission fee before he even shows you the property.
If the seller is not offering enough money in compensation, he may choose to not show you that home.
Think about the buyer agents potential actions when strategizing the sale of your home.
If you are selling your home, typically you will pay your agents commission AND the buyers agents commission.
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In this situation, the buyers do not pay a dime towards commissions.
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Keep this in mind when preparing to sell your home.
A lien usually comes from either unpaid taxes, a judgment made in court, or from unpaid bills.
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There are a number of liens creditors may place on your home.
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The most common are mechanic's liens, judgment liens, and tax liens.
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Mechanics lien: When general contractors, carpenters, plumbers, painters, or other type of repair companies work on your home, they may file a mechanics lien on the property as insurance to make sure they are paid.
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Judgment lien: If you have lost a court case and there was a judgment against you, the winning party of the lawsuit can file a judgment lien against your home until the payment is collected. This type of lien is also sometimes imposed by an attorney if you do not pay your bill for legal services.
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Tax lien: If you do not pay your federal, state, or county taxes, the government may file a tax lien on your home.
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A preliminary title report will show you all the liens that are against your property.
Worried you may have some suspicious liens against your property?
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Ask a title company to get you a preliminary title report.
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Study the report and look for any weird liens that might pop up.
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Get these items cleared before putting your home on the market. If you don't, there will be major delays during escrow.
Sell your home to Zillow or any single person without putting it on the market for everyone to see it, and leave money on the table. Period.
😲Zillow has admitted that their offers are slightly below market value... I have seen that they are about 10% lower.
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After all, they have to make a profit, right?
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Put your home on the market so that everyone knows it's for sale.
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Get multiple offers and drive the purchase price higher and higher.
In episode 11 of The #AskDanielLosAngeles Show, I answer the following 4 real estate questions:
1. What are your thoughts on Zillows new business model? I heard you can sell your home directly to them now. Is that true?
2. A contractor put a lien on my home a few years back. We have since settled the dispute. How can I make sure that lien is no longer on the title of my property?
3. When I buy a home, do I have to pay my agent a commission or some kind of finders fee?
4. I have a 540 credit score. Can I still buy a home?
Please text any real estate questions you may have at 818-445-7953. And, for daily real estate tips, don't forget to follow us on Instagram @DanielLosAngeles. We have over 6,600 followers now!
Most brokers will charge you the same fee no matter how your home sells... even if you find the buyer.
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With our listing program you have complete flexibility... from "Full Service" to "Do it Yourself".
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0%... When your home is listed with us, you find the buyer and there is no other agent involved. You don't want our assistance. You pay nothing.
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Contact me to find out more about our flexible commissions.
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Call/text 818-445-7953 or Daniel@ContempoRealtors.com
Here is my favorite equestrian property to sell this week in #Burbank
Don't blame the market if your home is not selling, blame your agents poor marketing skills.
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Stop giving excuses and start understanding what it takes to sell a home for top dollar.
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You can start your research by looking at my content. Instagram: @daniellosangeles
My favorite Toluca Lake home to sell this week is the iconic #BobHope estate. Asking price $22 Million, sold for $15 Million.
Check out what curbed LA had to say about it...
Well, how about that—a sale has finally gone through on Bob and Dolores Hope’s former estate in Toluca Lake. Concluding a saga that began nearly six years ago, supermarket magnate Ron Burkle has acquired the 5.2-acre property for $15 million. This is the second Hope-related property in Burkle’s real estate portfolio: He picked up the couple’s John Lautner-designed Palm Springs residence for $13 million two years ago. The Burbank estate was first put on the market with an asking price of $27.5 million in 2013, and there it lingered, while sporadically getting price-chops. In 2017, Los Angeles City Councilman David Ryu introduced emergency legislation to have the property declared a historic-cultural monument after a buyer in escrow obtained a demolition permit for outlying buildings. Standing in firm opposition to this was Bob and Dolores’ daughter Linda Hope, who argued that historic designation would devalue the home and narrow the field of prospective buyers. Designation was denied after Ryu’s motion failed to get the ten votes necessary to pass. Burkle is reportedly planning to preserve and restore the main residence, which was originally built in 1939 by architect Robert Finkelhor and expanded into a 15,000 square foot home in the 1950s by Hollywood Regency architect John Elgin Woolf. The rambling property also includes indoor and outdoor pools, formal gardens, a guest house, a three-hole golf course, and a putting green. all proceeds from the sale will go to the Bob & Dolores Hope Foundation, in keeping with a stipulation in Dolores Hope’s will.
It does not matter what the housing market looks like in other parts of the country. Focus on your neighborhood only.
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If there are not that many homes for sale in your area, now might be a good time to get top dollar for your property.
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No competition means multiple offers for you!
If your home buyer is not releasing one of their contingencies, send them a notice to perform.
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The notice says that if they don't release their contingency then you will be forced to cancel escrow and find another buyer for the home.
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That will get their attention!
Can you guarantee your home inspection will go well?
No, but you can prepare for it by having an inspection done before you put your home on the market.
By having your home inspected before it hits the market, you will be able to:
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☝🏻) price your home accordingly taking into consideration the repairs that are needed.
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✌🏻) Repair damages now, instead of the home buyer asking you for a high credit amount based on the incompetent work their inspector did. (Love you Inspectors 😍)
