SOLD! Beautifully Updated California Bungalow

Gorgeous updated California bungalow located in Los Angeles. Found this one for my first time home buyer who couldn't be happier with the house and the price. Imagine a 2 bedroom 1 bathroom house with a bonus guest house for $420,000 and in move-in condition! Yes, folks, you can afford a single family home in Los Angeles for under $500K. I can make it happen. Call me 323-528-9989

Those Sneaky Little (or BIG) Closing Costs

For all of you new buyers out there, don't forget one very important detail you don't hear much about when budgeting for your new purchase. In addition to the amount of money you will be putting down toward your new home purchase, you will also need to set aside some dough for closing costs.

Closing costs are basically service fees (mortgage costs, escrow charges), taxes and various other legal charges that buyers and sellers both pay to complete the transaction. It's not an exact science, but buyers can expect to pay anywhere from 1-2% of the purchase price toward closing costs.

So if you purchase a home for $700,000, you are likely to pay approximately $7,000 or higher, depending on the fees charged by your lender. There are additional fees like pre-paid property taxes and homeowner's insurance that you might also have to pay, depending on your loan and lender requirements.

The good news is that buyers traditionally DO NOT pay their Realtor's commission. That is paid by the seller through their agent. One very good reason to not embark on this journey alone! It is even possible to have the seller pay your closing costs. Ask me how.

Speak to a Realtor like me when you're getting ready to start home shopping. Call anytime 323-528-9989.

SOLD! - Gorgeous 3 Bedroom 2 Bath Mid-Century Pool Home in Palm Springs

Updated Mid-Century pool home in Ruth Hardy Park/Movie Colony East in Palm Springs. Check out this gorgeous 3 bedroom 2 bathroom home with desertscape and drought-resistant landscaping.

CALL ME IF YOU HAVE INTEREST BUYING A HOME LIKE THIS IN PALM SPRINGS OR LOS ANGELES! 323-528-9989

SOLD! 4 Bedroom 2 Bath Home in Chino Hills

I helped my buyers get this home for $540,000. It was originally listed for $550,000. Totally remodeled 4 bedroom 2 bathroom single family home with a large yard and swimming pool. All you buyers out there looking, please give me a call. I will make it happen for you. 323-528-9989 Gerry

SOLD! PLAYA DEL REY 2 BR 2 BA CONDO BY THE BEACH

This beauty received multiple offers and sold well over the asking price of $549,000. In fact, this gorgeous condo by the beach sold for $565,000. If you're interested in selling your condo or single family home, please give me a call at 323-528-9989.

Don't Wait for the Outcome of the Presidential Election

More and more buyers tell me they are waiting to put in offers on new homes until after the election. The problem with that is that when Hillary Clinton wins, the market will take off again. Beat the other buyers to the punch. Buy now!

Home Sales Slowing & Buyers Showing Reluctance

September 18, 2016

We don't need services like Zillow and other inaccurate real estate "bellwethers" to mislead consumers into thinking home prices, especially throughout Los Angeles, will continue to rise. It's just not true. Home sales were steady, with prices rising and competition among buyers fierce over this past year, but things have slowed. Buyers are not accepting the current pricing of many homes, which has largely been based on lack of inventory.

All you need to do is drive around the city and see all of the open house signs on street corners. Less than six months ago, you were lucky if you saw a handful of signs. Take a random neighborhood like West Hollywood in the 90069 zip code. There are currently 44 2-bedroom condos for sale in that one area. And that's just condos!

Inventory is becoming plentiful. I'm no economist, but I am on the front lines of real estate. I see the increased number of listings and the competing open house signs crammed together on street corners, all in real time. Increased inventory means more choices and more competition, which spells one thing: Price Flattening and Price Reductions.

This type of news usually reaches consumers at least thirty days after things are underway, but we see it as it unfolds. The good things is that this is good news for buyers and for sellers who don't get hung up on falsely created, unrealistic sale prices.

Will the housing market tank? No-no-no. The affordability belt, however, will loosen, and prices might drop just enough to give so many that deserve a shot at home ownership a window of opportunity to finally realize their American dream.

Don't blow your opportunity. Oftentimes when prices drop, they will pop back up a month or so later. Be prepared. Get pre-approved and find a Realtor like me to keep you on your toes. Opportunity is knocking. Open the door.