As soon as you reach "Hot Home" status, and Redfin emails your agent the link to send out the offer deadline, make sure they do it!!
Always use the "Hot Home" status to your advantage.
When selling your home, you must tell the buyer about your 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.
Under Contract - 4610 Densmore Ave #8 Encino, CA
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
Best new construction in Toluca Lake, CA to sell this week
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.
The best Burbank fixer upper to sell this week
How would you remodel this Burbank Home? Put your suggestions in the comments...
We have lots of showings, but no offers. Why?
It's been 2 weeks. You have had a ton of showings, but no offers.... what's going on? . The good news is that your marketing is working. Buyers are walking in your front door (lets not minimize how difficult this task is). . The bad news is that by not putting in a offer, the buyers are telling you non verbally that your asking price is to high. . In other words, whatever you are offering is not worth your asking price, so they simply pass on it. . If you are in this situation, it's time to reevaluate your pricing strategy.
What is the significance of a "pre-approval" letter?
The buyer doesn't want to submit a pre approval letter? Forget it! Find another buyer.
If the buyer for your home does not want to submit a loan pre approval letter, find another buyer
Before you even begin negotiations with a home buyer, you need to know if they can get a loan to purchase your home.
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Otherwise it can all be a big waste of time.
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Get a letter from the buyers lender saying that all the buyers financials have been checked out and they they are pre approved for a loan for "X" amount of money.
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If the buyer does not want to give you this letter... show them the door!
You find the buyer for your home, we write up the contract and walk it through escrow for you. Pay just 1% commission.
Did you know you have to pay your real estate agent a full 6% commission fee to sell your home... even if you found the buyer yourself?
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We don't think that's very fair!
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Here is the deal... YOU find the buyer and there is no other agent involved. We write the contract and walk it through escrow for you. Our commission is 1%.
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Click the Flexible Commission Listing link above for full details.
Don't drop the asking price of your home, drop your real estate agent
Did your agent fully market your home?
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Did they take professional photos of your property?
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Did they they tell other agents your property is for sale?
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Did they do open houses?
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Did they absolutely do everything they could to sell your home?
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If your answers to these questions is YES, then it's time to get a new agent.
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You see, they have done everything they could possible do to sell you home, and it hasn't worked.
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If you continue to work with them, they are going to use the same selling tactics they already used and will continue to get you the same terrible results.
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They have exhausted every selling strategy they know to sell your home... there is only one strategy left for them to use. Do you know what that strategy is?
First step to building a rental unit on your property
Want to build a rental unit on your lot?
You can... if your lot is zoned correctly.
Check the zoning for any lot! Email me a address, and I will email you back the tax records for that property. Daniel@ContempoRealtors.com
Your home's tax records will tell you how many units you can build on your lot
Want to build a few units on your lot?
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Looking to rent out those units for some extra income?
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Maybe you are allowed to do it... maybe not.
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Check your tax records to see your properties zoning.
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This is only your first step in getting those units built...
Do you still pay your agent a commission if you find the buyer for your home?
A standard listing contract requires you to pay your listing agent a commission.... even if you find the buyer for your home before your agent does.
I personally don’t charge a fee if that happens... but most agents do.
Live in the same area as your investment property
If you don't live in the same area as your investment property, you will probably need a property manager.
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Paying every single month for a property manager defeats the purpose of have an investment property... take make MONEY!
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Live in the same area as you investment property, that way you can keep your eye on it and you can handle any problems that come up with your tenants.
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Pay yourself... not a property manager.
Episode 12 of The #AskDanielLosAngeles Show
In episode 12 of The #AskDanielLosAngeles Show, I answer the following 4 real estate questions:
1) We are moving to Texas later this year. Should we keep our house as a rental or sell it?
2) You said to call the county assessors office to fix any mistakes on our homes public tax records. Why bother doing that?
3) If I have my home on the market, and my friend wants to buy my home, do I still have to pay my real estate agent a commission even though I found the buyer myself?
4) I'm thinking about building a rental unit at my property. How can I find out how many units I can build on my lot?
Please email me any real estate questions you may have at Daniel@ContempoRealtors.com
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