L.A. real estate news and insights.
"Hot Home" status is achieved on #Redfin when your properties listing gets a lot of views online AND a lot of buyers save your property as a "favorite".
Getting this status is a big deal because you are then allowed to send all the buyers that saved your home as a favorite a offer deadline email.
A offer deadline is the absolute best way to get all buyers attention, and ultimately, the best way to get a bidding war for your home.
☠️Beware the Mello-Roos tax☠️
If you live in a new development area, you may be paying a Mello-Roos tax..
This tax is in addition to your property taxes.
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Unlike your property taxes, a Mello-Roos tax has an end date. That's because these types of taxes go towards paying for something specific.
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For example, your community may want to build its first school. A Mello-Roos tax is how everyone would pay for it. But once the school is built, that tax is over.
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When selling, you have to disclose to your home buyer that your property has a Mello-Roos tax and what the terms of that tax are.
Contract signed on Densmore Ave!
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I'm going to miss marketing this warm, welcoming, and perfectly located condo. A true rare find South of Ventura Blvd!
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Last asking: $475,000
On this episode, I answer the following 4 real estate questions:
1) I noticed some listings say there is a Mello-Roos tax. What's that?
2) On some real estate websites there are listings that get tagged as a "hot home". How can I get my property to show up as a "hot home"?
3) I'm thinking about selling my condo soon. What are some of the must have's for a buyer?
4) I got a voicemail from someone saying that they want to buy my house for top dollar. Is this a scam?
Have a real estate question you want answered on the show? Email the question to Daniel@ContempoRealtors.com
Would you inherit and throw away the sellers junk in order to get a good deal on a house? . Leave your thoughts in the comment section.
FHA approval for your complex means that you can sell your unit to a buyer who only needs to put down 3.5%.
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This is great news because there will be a lot more competition to buy your place.
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I currently have a listing in Encino, CA... you may remember this city from the movie #EncinoMan. Its a large city in Los Angeles.
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Guess how many complexes have FHA approval in all of Encino? Only 3! The complex that I am selling the unit in is one of the three. This is HUGE!
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Buyers who can only put a small down payment have no choice but to consider my listing for purchase.
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Had I not known the complex was FHA approved, my seller would have lost his competitive edge.
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And it's so easy to look it up!
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When you are interviewing agents to sell your home, you know you have found a good one when they tell you at their listing presentation if your complex is FHA approved or not.
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That’s what I did with the owner of my current listing 😉
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Is your complex FHA approved?
Would you rather live in a brand new modern home or something decades old with some original charm?
Let me know in the comments below.
Toluca Lake is old money... so it's nice to see some new construction in the area every once in a while.
Compared to selling prices in the rest of the San Fernando Valley, this looks cheap!
How would you remodel this Burbank Home? Put your suggestions in the comments...
. Here are the top 3 ways to get the highest appraisal possible:
. #1 Clean your home like you are having your entire family over for Thanksgiving dinner. The appraiser will see that it is a well kept home.
. #2 Put together a list of all the improvements you have made to your property over the years. Give that list to your agent, and she will give it to the appraiser.
. Those 2 items will leave a huge impression on your appraiser.
. The 3rd is a bit more complex and will have to be discussed in another video...
If you are preparing your house for showings or even for the appraisers visit, your home needs to be spotless.
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Clean it as if your entire judgy family will be coming over for Thanksgiving dinner and judging every little thing you have done to your home.
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Clean, clean, clean... if you want top dollar for your home.
What are some of the weirdest things you have heard home buyers say on a reality TV show or in real life? Let me know in the comments...
Most brokers will charge you the same commission fee no matter how your home sells... even if you find the buyer.
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With the Flexible Commission Listing you have complete flexibility, from "Full Service" to "Do It Yourself".
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When you are ready to talk about selling your home, contact our office by phone or text at (818) 860-1790.
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FlexibleCommissionListing.com for more info.
. Here is what happens when you put your home in a Trust...
. A Trust lawyer will give you a form to fill out. On this form you will add general info like who is in charge of your Trust, what properties are part of the Trust, what stocks and bond are part of the Trust and a few other extremely important items.
. The lawyer then types up all that info into a Trust. . You go down to the lawyer's office with the person you assigned to be in charge of the Trust and sign the forms in front of a notary.
. Poof!
. All of your properties (along with other important items) are now in a Trust! It's pretty easy and not very time consuming.
