Here is the most expensive home to hit the market this week in Burbank.
The asking price is $1,199,000.
The property is close to the Magnolia Park area and has 2,284 sq. ft. of living space.
The lot is 6,747 sq ft.
Do you like the master bathroom?
You can NOW tour this Valley Village "Hot Home"
This beautiful Valley Village home is for sale at $1,425,000.
It has been deemed a "hot home", which means a lot of people are viewing this home online and marking it as one of the "favorites".
It will sell quickly.
Text me if you want a private tour at 818-445-7953.
Find out why this was the MOST expensive home to sell this week in LA
Asking price: $38,500,000
Sold price: $25,000,000
Tune in to hear my most difficult real estate transaction to date... it's not what you'd expect
It's very important to work with a lender that you trust AND has good communication skills.
During escrow, questions and issues will come up.
Your lender needs to be on top of things, resolve problems quickly, and communicate well so that escrow is as easy as possible for everyone involved.
Home buyers are required to sign a PEAD-V Form before touring a home
PEAD-V (Coronavirus Property Entry Advisory and Declaration - Visitor) forms are now required to be signed by anyone entering into a home that is on the market.
The form basically says the visitor does not have the coronavirus and that the visitor understands the health risks involved when entering into the for sale property.
Homeowners, in order to avoid a lawsuit, you want to make sure everyone who is going to tour your home signs this form before setting one foot on to your property.
This is what you MUST know when showing a home during this pandemic!
I am advising my clients who are selling their home to leave their property for at least 4 hour blocks at a time.
That way I have plenty of time to stack several showing appointments back to back.
Unfortunately, we are still not allowed to have any open houses.
Burbank had 53 property sales for the month of June
There were 26 property sales in Burbank for May 2020.
Pending home sales surged a record 44% in May
Economists polled by Reuters were expecting pending contracts to jump by 18.9% in the US... they were off by a mile!
National pending home sales soared 44% in May after falling 22% in April, according to new data released by the National Association of Realtors—it’s a strong indicator that the worst of the coronavirus recession may be over for the housing market.
May’s gains are the highest month-to-month since the National Association of Realtors started tracking the data in January 2001.
I'm happy to report that I was able to contribute to this recovery by selling a few homes since the start of the pandemic.
I believe this bounce back in the housing sector will lead the way for a broader economic recovery.
Have you heard? Historically low interest rates are happening now!
Do you think interest rates will continue to go down?
My client just got a 3.125% interest rate
My father was selling real estate during the late 1970s when interest rates for a mortgage loan were at 18%.
I recently sold a home where my client got a 3.125% interest rate on their mortgage loan.
Read those two lines again.
Check out my JUST SOLD property in Saugus, Santa Clarita Califorina
With a full-on marketing blitz on Instagram, Facebook, Tik Tok, Zillow, Redfin, Trulia, Etc... my latest Santa Clarita listing was sold within days of hitting the market.
The sellers are thrilled they no longer have to take care of this investment property.
The buyers can't wait for the next chapter of their life to begin in their new home.
I'm very happy it worked out for both of them!
If you know someone who needs to sell their home, please text me their info, and I'll take care of the rest.
Here is my cell number 818-445-7953. Thanks!
Don't miss out on my 2020 market prediction. You must watch now!
Home sales will be strong this Summer.
Expect a dip in sales once the flu season starts.
Look for a bounceback in December.
Home prices will slightly continue to rise the remainder of the year.
60 seconds isn't enough time to go over all my thoughts on what I think will happen in the real estate market for the rest of 2020.
Check out the full answer on my IGTV @DanielLosAngeles.
A dip in homes sales like in October
The flu season is going to look very different this year.
When everyone starts to get the flu in October, all we are going to hear about in the news is that the second wave of the coronavirus is coming.
I’m not a doctor so I don’t know if that will happen or not.
However, I do know that since a lot of people will be sick with the flu, the perception by the public in LA county will be that a second wave is inevitable.
Because of this perception, there will be fewer homeowners willing to put their property on the market, just like in late March after the stay-at-home order was issued.
I believe we will likely see a dip in home sales during that time in October.
I’m optimistic things will settle down by the time we get to December.
Hopefully, the homeowner’s perceptions will change once the news gets better.
Episode 38 of The #AskDanielLosAngeles Show
On this episode, I answer the following four real estate questions:
1) What's going to happen in the real estate market for the rest of 2020?
2) What do mortgage interest rates look like for home buyers right now?
3) Has it been difficult to show homes during the pandemic?
4) What's the hardest real estate deal you ever had?
We have almost 20,000 followers on Instagram... come join us!
To tour all for sale homes, you now need a pre-approval letter
It wasn't this extreme before the pandemic, but I am seeing about 40% of all homes on the market now require a buyers loan pre-approval letter just to get in to see the property.
With the Coronavirus still playing a roll in all of our lives, more and more sellers only want to grant access to serious buyers.
I anticipate this percentage to only go up from here.
The days of casually looking at homes on the market are over.
If you want to see ALL the homes on the market, have your pre-approval letter ready!
