investment

Would you have paid over the asking price for this home in Sunland?

8061 Ellenbogen St, Sunland 91040

Asking price: $690,000

Selling Price price: $730,000

•3 bed

•2 bath

•1,262 sq. ft.

•Lot: 7,343

Should this have sold above asking price?

Coming soon to Sherman Oaks

Coming soon to Sherman Oaks - 14332 Dickens Street Unit #20, Sherman Oaks, CA 91423

Property Features:

•2 Bedrooms

•3 Bathrooms

•Living SQ.FT - 1,631

•BBQ area

•Direct access to 2 parking spaces

•Bonus room that can be used as an office or gym

•Pool

Text me at 818-445-7953 if you want to take a tour before it hits the market.

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It is mind-blowing how much this condo is selling for in Burbank

How did they come up with an $849K asking price?

I would have loved to be in that brainstorming meeting.

Just listed in Pasadena

Warning! Only 1 showing for this property. Sunday, 8/30/20, 11am – 5pm by appointment.

Offer deadline is Wednesday, 9/2/20, at 2pm. Call/text the listing agent, Daniel Madariaga, at 818-445-7953 to set up a private tour.

This 3 bed 3 bath home is located in one of the quietest streets in Pasadena. There is over 2,500 square feet of living space and the lot is huge, over 10,500 square feet.

This property has some great bones. In 2020 a new roof was installed along with a new AC/heat system, new wood floors throughout the home, and a new water heater. The bathrooms were remodeled in 2019.

My favorite part of the home has to be the spacious master bedroom. It’s so big it even has a seating area! There is also a really good size basement, perfect for extra storage. There is plenty of room to expand the home in the giant backyard.

So if you’re looking for a home in an excellent location, that’s move-in ready, with good bones, on a huge lot, and at a great value, this just might be the home for you.

www.LomaVistaStreet.com for more info.

Coming soon to Pasadena

Coming soon to Pasadena - 1717 Loma Vista St. Pasadena, CA 91104

Property Features:
•3 Bedrooms
•3 Bathrooms
•Living SQ.FT - 2,560
•Lot SQ.FT - 10,560

Text me at 818-445-7953 if you want to take a tour before it hits the market.

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Permission to talk to your friend

Hey Friends and Clients,

Without your help, our business would be dead.

Thank you for telling your friends and family about our real estate services!

It would mean the world to us if you continued to share our message with homeowners you know who are ready to make a move.

Please let me know if you have a friend, coworker, or neighbor who might be thinking about selling their property.

Text me anytime at 818-445-7953.

Thanks👍

U.S. housing starts surge 22.6%

Construction of new U.S. homes surged 22.6% last month as homebuilders bounced back from a lull induced by the coronavirus pandemic.

The Commerce Department reported Tuesday that new homes were started at an annual pace of nearly 1.5 million in July, highest since February and well above what economists were expecting.

Housing starts have now risen three straight months after plunging in March and April as the virus outbreak paralyzed the American economy.

Last month’s pace of construction was 23.4% above July 2019’s.

Source: Los Angeles Daily News

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You won't believe how many days this home in Tarzana has been on the market for?

Why do you think this home isn't selling?

•5 bedrooms
•5 bathrooms
•4,424 sq. ft. of living space
•17,311 sq ft lot

Asking price: $1,945,000.

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!

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74% of home purchase contracts contain contingencies.

The 2019 Realtor Confidence Index Survey says 74% of home purchasing contracts contain contingencies, with the most common ones pertaining to home inspections, getting a acceptable appraisal, and obtaining a loan.

That means 26% of buyer home purchasing contracts do not contain any contingencies at all.

Sellers LOVE non-contingent offers.

That means that if the buyer backs out of the deal, for whatever reason, the buyer could lose their deposit to the seller (usually 3% of the purchase price).

Wouldn't you find a non-contingent offer appealing if you were selling your home?

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Just Sold!

In December 2018, I showed my clients this beautiful home. They fell in love with the property and I was able to facilitate the purchase for them at $1,075,000.

Just 8 months later, they unexpectedly had to put the home up for sale. We knew the market went up over the previous 8 months... but how much? We decided to list the home at $1,090,000. At our limited showing open house (2:00pm - 2:30pm), we had 25 buyers sign in. Each of those buyers brought a couple of friends/family members with them. We counted about 80 people that had lined up in the street outside the home. It looked like a block party!

In the end, we received 5 offers. After a fierce negotiating battle among the buyers, a wonderful family (my clients that I brought to tour the home), ended up winning the property. The selling price was $1,155,000. That's an $80,000 profit for the sellers in just 8 months!

Keep in mind, no remodeling had been done to the home over the 8 month period. My buyers said they saw my marketing video (OakmontWoods.com) and were intrigued by the back story I gave about the community. I am very happy all worked out for the sellers, and that I was able to bring another great family to the Oakmont Woods community.

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We're hiring! Real estate agent assistant needed.

Our family owned real estate business is growing and we are expanding our support team.

We are hiring a real estate agent assistant/project manager.

We are looking for someone who is ready to support our social media accounts (20K followers on Instagram - @DanielLosAngeles), manage our Customer Relationship Management systems, and help with a variety of projects that will generate client leads and grow the company even further.

If you are organized, knowledgeable about social media, and great with project management, contact us today!

Link below for job description and instructions on how to apply.

contemporealtors.squarespace.com/hiring

Thanks!

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Pending home sales are up 8%

California saw a 3.1% uptick in pending home sales in August, an increase of 8% from a year ago.

Economists say home sales are forecasted to rise in the coming months and into 2020.

I think their prediction will be correct!

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This home has been on the market for 598 days

598 days on the market... OUCH!

Have you ever heard of a Geo dome?

Home just sold for $85k more than it was bought for only 8 months ago

I represented both the seller and buyer on this property!

The sellers are sad to see this property go, but they told me they are very happy with the outcome.

The buyers are thrilled to be moving into such a exclusive neighborhood.

I am happy both parties were able to successfully achieve their goal!