Los Angeles Real Estate Blog

Silver Lake Pedestrian Path invites a walk around the Reservoir

Silver Lake Pedestrian Walking Path officially opened in Dec. 20Residents of Silver Lake can now safely stroll around the Silver Lake Reservoir.  After years of planning and construction, the last 2/3 of a mile of the Silver Lake walking path from Armstrong Avenue to the dog park officially opened on December 20.  Joggers, fitness walkers, people with dogs and mommies with strollers have all enjoyed walking around the reservoir.  Now they can do it without worrying about cars on Silver Lake Blvd.  The new crushed granite path completes the 2 mile circuit and makes for a much more pleasant way to get some fresh air and exercise. Fans of architecture can take a peek at the Nuetra Colony on their way around the reservoir. This collection of modernist...

Los Angeles Short sales and REO's - Don't assume the bank won't pay for anything

I have buyers interested in looking at a particular home that is listed as a short sale. In their price range, this is not at all unexpected.  I have explained the process to them and they realize that banks are not into making repairs or losing any more money on a sale than necessary.  At the same time, they are first time buyers with limit funds and they need a clear idea of the costs involved in any potential purchase. The listing of the house in question has agent remarks indicating that the "bank will not pay for termite or city occupancy requirements" and that the "buyer is to waive these requirements."  Why would a listing agent make such an assumption? I am not new to short sales and REO's and have successfully closed a number of such transactions.  What I don't understand is why so many listing agents make the blanket statement that "the bank won't pay for anything" and the property is being sold "strict as-is". In my experience, this has not necessarily been the case. If you have...

The Value in Working with a Los Angeles Real Estate Agent

These days, with so much information available online, it's really important to show our value beyond unlocking doors.  Being from the old school myself, I could not imagine making such a huge financial investment as buying a home without the help of a professional.  I don't do my own taxes, or my own dental work for that matter!  However, the vast amounts of information available online seem to be leading some consumers to believe that they really don't need us. I just closed an escrow with buyers who initially felt that way, but admitted to me during the process that they were seeing things from a new perspective.  I asked if they would mind putting something in writing that might help me (and other Realtors) understand a bit better where they were coming from.  Here it is: How Jenny Durling Proved Me Wrong: I do all my shopping online. When it came time to buy a house, naturally, I felt that online shopping was vastly superior to the outdated methods of old.  Why would I need a person involved...
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