Monday, May 05, 2014

It's the beginning of May -- where are the L.A. area houses for sale?

If you are searching for a home in the SFV or elsewhere in the L.A. area, you may be wondering why there aren't more homes for sale.  Or you may be wondering where the homes for sale are.  You're right -- inventory is very, very short, except for condos and townhomes.  And many, many other buyers are looking for a home as well.  Here's what you can do: 1) consider a different area.  I know you want to live in Silverlake or Studio City, but why not consider neighborhoods in Glendale or North Hollywood? Prices will be lower there, too, and most neighborhoods offer lots of attractions that you may like. 2) If you don't have a family, consider a smaller home or a condo.  You can usually always add on to a single family home, and if you need a home office you might be able to convert your dining room or garage space (I bet 95% of garage spaces are used for storage and not for parking.) I know, I know; this is all so easy for me to say.

If you are thinking about selling your home, you are probably wondering: a) where you're going to go.  The homes you may move into are just as expensive as the house you're selling.  So there goes your profit. And b) you want to stay put for your commute or your kids' school or another good reason.  Selling and moving will be really tough.  I don't have suggestions here, except: home prices have come roaring back.  If you are considering making a life change, this year may present great opportunities for you, at least as far as home profits go.  Will home prices continue to increase? Nobody knows.  If you're thinking about selling, I'm happy to prepare a comparative market analysis for you that will show you what you may gain -- just call me.

1 comment:

  1. Thanks for sharing this post. Its really good information.

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