Buying or Selling a Short Sale in Los Angeles – Who Decides Which Offer to Accept?

Don't hire a clueless Real estate agent for your Los Angeles short sale

Who decides which offer to accept? The Homeowner. One  major misconception about short sales that has been repeated so often that people have come to believe it is that all offers are presented to the bank – and the bank's asset manager makes the decision on which offer to accept. Generally speaking, this simply isn't the case. In a Los Angeles short sale, the property still "belongs' to the seller and it is the seller (with the help of … [Read more...]

Silverlake Home Price Statistics Can Be Misleading

How much is this Silverlake property worth?

Before you get excited over the latest national, regional, or local home prices as reported in the news media, know if they are comparing apples to apples.  The news reports use either the average or the median (middle) home price for a given time period. And the numbers can be misleading. In some markets, the investors moved in immediately after the crash, buying every low priced home they could find to turn them into rental properties. … [Read more...]

Buy Income property in Silver Lake and get help paying your mortgage

Allyn morris Silver Ridge duplex

Buy Income property in Silver Lake  and get help paying your mortgage. If you are currently renting a home or apartment in Silver Lake or Echo Park and are considering buying your first property, does it have to be single family home?   Why not start off with an income property instead of a house and stop throwing money away on rent?  Your landlord has been letting you pay his mortgage, why not let somebody help you pay yours instead? … [Read more...]

Pets and Real Estate Don’t Mix

leave your pet home when shopping for real estate

Pets and Real Estate Don't Mix   Whether you're buying or selling a home here in Silver Lake, pets and real estate simply don't mix. If you're selling a house, the best thing to do is take your pets with you when you vacate for showings. If that's not possible, they need to be contained in a kennel or a kennel cage. Why? Three reasons. Some prospective buyers are deathly afraid of dogs and cats. If your pet is loose in the house, … [Read more...]

What the Yelp!?

Why

What the Yelp or What's with Yelp? Both good questions. If you are like me, you probably check reviews on Yelp for a variety of things. For me it's mostly restaurants but I know alot of people look on Yelp for anything and everything. That being the case, it only made sense that I have a business profile on Yelp as well. I would imagine alot of agents do. So let me just rant a little here. If you aren't already aware of it, Yelp has an … [Read more...]