L.A. real estate news and insights.
Get your calculators out!
Let’s say your home is 2,000 square feet and you want to sell it for $1,000,000.
To figure out your home’s price per square foot at that selling price is easy.
Plug into the calculator 1,000,000 (the asking price of the home) and divide it by 2,000 (the square footage of the home).
That equation equals 500 ($500 per square foot for the home).
Therefore, if your 2,000 square foot home sells at $1,000,000, the price per square foot for your home is $500.
If you live in a condo, take a look at the price per square foot other units in your building have recently sold for.
That is one way to figure out what your unit is currently worth.
It's not as easy with a single-family home.
Unlike a condo, with a single-family home, you have to take the lot size into consideration as well.
Back up offers welcomed.
On this episode, I answer the following four real estate questions:
1) I'm looking online at homes for sale. They all list the price per square foot. What does $500 per square foot mean?
2) We are in the final stages of closing on a condo. We are just about a week away from closing escrow. I'm not really sure this is the right place for us anymore. What's the worst thing that can happen if we back out of the deal now?
3) When I purchase a home, do I have to put the title of the property in my name?
4) I put in an offer on a property, but the listing agent said I have to get pre-approved with their lender before the seller can accept my offer. Why do I have to go through that process if I already got pre-approved through my own lender?
We have almost 20,000 followers on Instagram... come join us @DanielLosAngeles!
Asking price: $7,500,000
It's been on the market now for 53 days... I bet there will be a price reduction soon!
Once they hit the 60 days on market milestone, I'm guessing the price will drop down to $6,999,999.
What do you think they should reduce the price down to?
2221 W. Clark Ave Burbank, CA 91506
Original List Price: $1,390,000
Sold Price: $1,099,999
This Magnolia Park home is the most expensive home to sell this week in Burbank.
3 bed, 1 bath, pool/ spa – detached guest home has 1 bed, 1 bath.
Do you think this was a good investment?
Original List Price: $22,500,000
Sold Price: $13,000,000
Breaking News! As of today, you can now rent this home for $42,000 a month.
Multiple offers received!
Offer deadline is 1/22/20 at 2pm.
This is your last chance to check out the property!
Contact me directly to set up a showing appointment - 818-445-7953
This West Hills listing has been viewed 10,238 times online.
Redfin gave it a "Hot Home" status.
This is literally the best deal in the valley.
WARNING! only 1 showing for this property.
Call/Text Daniel for the 1 showing time - 818-445-7953
Check out www.GilmoreStreet.com for the property video.
January continues to be a hot month for the housing market.
Weekly mortgage applications jumped 30% for the week ending Jan. 10, a sign that homebuyers are emerging in 2020.
As I mentioned in the past, buyers typically take a break in December, then start their search again in January.
Check the first page of your listing agreement for the contract’s expiration date.
Once that date passes, the contract then becomes expired, your agent no longer works for you, and you are free to hire a new agent.
If you sell your home through a new agent before the listing agreement with your old agent expires, you will have to pay the new agent AND the old agent a full commission. ☹️
If you’re selling your home, and you sign a listing contract with a real estate agent, be aware of the contract’s expiration date.
Memorize that date!
If your agent is not doing a good job selling your home, once that date passes, you are free to hire a new agent.
You will no longer be obligated to pay the old agent a penny in commission.
Just Listed! www.GilmoreStreet.com for more info.
WARNING! Only 1 showing for this property.Call/text the listing agent for details: DANIEL MADARIAGA (818) 445-7953
We’re here at 22500 Gilmore Street in West Hills. The neighborhood is exceptionally peaceful and quiet, yet we are just minutes away from the Westfield Topanga & The Village. That’s where you’ll find everyone hanging out at the upscale shops and restaurants. It’s a really fun neighborhood to be in.
Not only are we surrounded by great charter schools, but the home sits on a giant 17,685 sq. ft. lot… and it’s all flat! There’s a heated swimming pool & spa, basketball court, and tons of land if you ever wanted to add on to the home.
The house is beautiful and completely move-in ready. It’s very clean, very bright, and there are 2,846 square feet of living space… plenty of room for the entire family. Oak hardwood flooring throughout. The chef’s kitchen, with professional-grade stainless steel appliances, and island, is perfect for preparing big meals. The master bedroom is spacious and the master bathroom is awesome! There’s a soaking tub, stand up shower, sinks on opposite ends, and a large walk-in closet.
So if you’re looking for a move-in ready large home, on a giant flat lot, all at a great value, this just might be the home for you.
Check out my new listing at:
22500 Gilmore St.
West Hills, CA 91307
Property Features:
• 3 Bedrooms
• 4 Bathrooms
• Living SQ.FT - 2,846
• Lot SQ.FT - 17,685
• Swimming Pool
• Basketball Court
Text me at 818-445-7955 for pricing information.
