Wednesday, October 28, 2009
Sunday, October 25, 2009
Yesterday, my client Steven and I took a look at several townhouses. I was very pleasantly surprised by this pud/townhouse development in North Hollywood, of all places. The borders are Saticoy on the north, Laurel Canyon on the east, Whitsett on the West and Runnymeade (I think) on the south. Although I thought I knew all the complexes in the area, this was a new one for me (there's a joke here someplace about old dogs and new tricks).
Saturday, October 24, 2009
Wednesday, October 14, 2009
Hi, L.A. Times clipping service here. The title above links to today's story "Housing upturn occurring in some parts of So. Cal., data show." This is not news to those of us with our boots on the ground. Of course, there are all sorts of caveats in the article, and median prices are still lower than they were in 2006, but still.
But still indeed. There's also another L.A. Times story here, stating that mortgage professionals expect foreclosures to rise next year.
Tuesday, October 13, 2009
"The new law also bans so-called negative-amortization loans, which offer the option of monthly payments so low that the loan amounts can actually grow over time." - This is huge.
"Late Sunday night, the governor signed AB 260 by Assemblyman Ted Lieu (D-Torrance). The measure, which takes effect Jan. 1, tightens restrictions on mortgage brokers so they cannot steer borrowers to riskier, higher-interest loans when they qualify for less-expensive ones. " - Also huge.
"AB 957, by Assemblywoman Cathleen Galgiani (D-Stockton), allows buyers of foreclosed homes to choose local escrow officers, rather than being forced to use the escrow company chosen by the seller." - Not so huge, in fact this is completely useless. Now, if there was a bill that prevented seller banks from making buyers prequalify with them, that would be huge.
Sunday, October 11, 2009
Friday, October 09, 2009
Thursday, October 08, 2009
Wednesday, October 07, 2009
Sunday, October 04, 2009
-The place was a cluttered mess.
- Bedsheets for curtains.
- A newer kitchen but every inch of counter space was being taken up by stuff and the sink was full of dirty dishes.
-Somebody sleeping in one of the two bedrooms.
-Garage converted to guest house/shack.
-Owner with scary-looking prison tats, plus lots of underwear showing.
And they want $600k for this? I know it's in Toluca Lake, but...
Thursday, October 01, 2009
The latest trend is home marketing has appeared this week: many Realtors are only showing a property once or twice. No, not once or twice to you. Once or twice, period. The house is usually held open for a couple of hours one day, then maybe a couple of hours another day. And then offers are due. But what if you want to come back and see the house when it's quiet? Or bring parents or spouses back? IMO, a home should be very easy to show for at least seven days in order for everybody who is looking to have an opportunity to see it. If you're a seller, casting your net wide is the way to get the highest and best sales price. If you're a buyer, you should be able to take a second or third look to make sure it's the house for you.