L.A. real estate news and insights.
What remodeling would you do to this South of Ventura Blvd home?
It's by far my favorite property to sell this week in Studio City.
I can let you know what sold in your neighborhood... text me at 818-445-7953 and I will email you a report.
Instagram: @daniellosangeles
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
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...
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.
That doesn't seem fair, does it?!
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After all, you did the hard work of finding the buyer yourself... why should your agent get paid the full commission?
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Unfortunately that is how standard listing agreements are written up. But your not gonna fall for that, right?
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I personally don't think it's fair either. That's why I have a Flexible Commission Listing.
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You find the buyer and want to pay a lower commission? No problem! I will write up the contract and take it through escrow for only 1%.
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Now that sounds fair right?!
Thank goodness I gave the county assessor the info he needed in order to change the square footage reflected on my properties public tax record!
Having the correct record made a huge difference when I sold my property.
When a buyer is considering putting an offer in on your home, the buyers agent will first check your home's public tax records.
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If they see the square footage on the tax records show your home is 2000 sq ft, but you know for a fact that its 2500 sq ft, this creates a problem.
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They will believe the tax records over you.
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Therefore, they offer they submit will be based off of 2000 sq ft. And that means less money for you.
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Lets avoid that!
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Get your records changed before you even put it on the market.
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I can set you up with an assessor who will come and fix your tax records... for free... just ask!
Have you ever been a landlord before?
Are you sure you want to take on this challenge?
Managing a property can be a headache... especially from another state!
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.
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
For daily real estate tips, don't forget to follow us on Instagram @DanielLosAngeles. We have over 6,800 followers now!
If you have a low credit score, get a co-signer.
Otherwise, you will have to do something to entice the seller to pick your offer... that usually means you will have to offer more money.
If the buyer for your home has a low credit score, tell them them you received an exact offer from someone else who has a better credit score.
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Tell that low credit score buyer that you will be forced to take the other offer unless they can offer more money.
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My bet is that you will get offered an additional $5,000 - $10,000 from that buyer.
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Take a trip to Italy with that extra cash... bring me back a 🍕!
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#ruthless
Our marketing skills ➕ our “Flexible Commission Listing”, guarantees that you will end up with the most money possible in your pocket when selling your home.
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Visit our website for full details ContempoRealtors.com
If your buying a home, your agent will know what the seller is willing to pay him in a commission fee before he even shows you the property.
If the seller is not offering enough money in compensation, he may choose to not show you that home.
Think about the buyer agents potential actions when strategizing the sale of your home.
If you are selling your home, typically you will pay your agents commission AND the buyers agents commission.
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In this situation, the buyers do not pay a dime towards commissions.
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Keep this in mind when preparing to sell your home.
