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Real Estate Link Love: March 2017

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Boom! In escrow. This renovated homesteader cabin is in Twenty Nine Palms, near the border with Joshua Tree on 2.5 acres of land. It’s completely renovated and it has a number skylights and a million outlets because previous owner planned to use it exclusively as an art studio. It is totally open on the interior, with just a walled off bathroom. It has a brand new IKEA kitchen and bathroom and is ready to move in. Now it just needs a swanky patio, shade structure and some hammocks!

LA real estate up 7% in last year, median home price $525k
More than 1/2 of all LA homes sold for more than 1m in February
Airbnbs in Los Angeles are the most profitable in California
The asian supermarket in Echo Park is being converted to lofts and retails
On my bucket list… I want to build a house with a conversation pit
Silver Lake reservoir is being filled early due to our wet winter
8 mid range furniture companies to check out when you get sick of IKEA
Boyle Heights multi-family for sale for 1.6m… I remember when it was for sale a couple of years ago for a lot less
Guess who made the list of sexiest places to stay in Joshua Tree?!!
I have been thinking a lot about silence lately
High desert emerging as an arts destination, go see Desert X
Artist replaces billboards with images of landscapes they are blocking
Midcentury desert house for $250k
Mindset you will need to thrive in the future of work
Budget kitchen remodels – what can you do for 10-15k?
How to make your kitchen look more expensive – my tip, add a beverage/wine fridge
Caesarstone and Silestone counters are now more popular than granite
East coast Eichler for $490k
Altadena post and beam time capsule house
Why millennials are really into plants


Sick and tired of your landlord? Worried about rising interest rates?
Want to own a little piece of LA?
Let’s get 
coffee and talk about your life

See more: Case Studies, Link Love, News

Real Estate Link Love: February 2017

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In escrow! Duplex in Boyle Heights. This property has two one-story houses on a corner lot, with each house facing a different street. The houses each have their own driveway and fenced yard, so it really doesn’t look like a duplex. They just look like any other two neighboring houses on a street. One house is vacant and my clients plan to renovate it and owner occupy it. The second slightly smaller house (shown in the photo) is tenant occupied. The houses need some TLC, but they have great craftsman bones and details. There is an extra wide parkway and lots of trees. I can’t wait to see how they fix it up!


My next 1st Time Home Buyer Q + A is March 5th – invite your friends!

How the Trump administration may impact home buying in 2017

Emily Henderson’s Glendale house on the market

More 2017 real estate predictions: Forbes, Washington Post, USA Today

White House suspends Obama administrations reduction in mortgage Insurance – FHA

2017 rents still rising in LA

Interest rates going up slowly

Why westsiders moving to NELA? Median home price in Venice 2m

CA renters now allowed to install electric car charging stations

LA to acquire G2 land to build park – great news for Cypress Park and Glassell Park

A desert pre-fab for sale in Yucca Valley

Why hasn’t MacArthur Park gentrified?


Thinking about buying a place in LA?
Not sure if better to buy or rent? Worried about interest rates?

Let’s get coffee and talk about it.

See more: Case Studies, Just Sold, Link Love, Market Updates, News

Real Estate Link Love: January 2017

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JUST CLOSED! So excited for my clients. They were renting in Angelino Heights and loved the neighborhood and being close to Echo Park Lake and and the nearby restaurants. You won’t believe this but we found them a home 5 doors down from where they were renting! I was joking they could just walk all their stuff down to the new house. It’s a cosmetic fixer, it doesn’t have the best street appeal now, but just check back in 6 months. This place is going to be stunning. And it has an amazing deep terraced backyard. And views of the DTLA skyline from the kitchen!

My next 1st Time Home Buyer Q + A is March 5th – invite your friends!

Hot neighborhoods: Glassell Park and Cypress Park (prices up 25% in 2016)

Choosing paint colors for your house can turn into existential crisis

Neighborhood guide: Leimart Park, West Adams

New state laws may make it easier to build “in-law” units in LA

How to build a high end kitchen on the cheap

Investor says NOT buying a home the biggest mistake by millennials

Rare cave house in Utah for auction

Trying to change your life? Creative Visualization will help make it happen


Thinking about buying a place in LA? Confused? Need Caffeine?
Let’s get coffee and talk about your life.

See more: Case Studies, Just Sold, Link Love

Pssss — Thinking about buying a house in Los Angeles?

1st time home buyer event!


Hey Guys!

Is 2017 the year you finally pull the trigger and buy a little piece of LA?  Not sure if you should keep renting or buy a house? We have had historically low interest rates for a while now, but the are starting to creep up. Now would be a great time to start moving in the direction of home ownership.

Join me for my next 1st Time Home Buyer Q + A on March 5th, at 6pm. Bring your partner, friends and join us for drinks, middle eastern food and a ton of great info!

Highlights

  • We will look at the LOCAL MARKET CONDITIONS and why things are so damn expensive.
  • We will talk about INTEREST RATES and why the historically low rates are starting to go up.
  • Natalie Salins from Movement Mortgage will be here to answer all your FINANCIAL QUESTIONS: Types of loans, interest rates, pre-qualification, taxes, etc.  She will also give some great tips on raising your credit scores and discuss ways to get people with non-traditional (freelance) income approved. She is a-mazing!
  • I’ll going to talk about the home buying PROCESS and answer your questions about what to expect. 
  • I’ll explain some common real estate TERMINOLOGY that can be confusing.
  • I’ll show you how to decide if RENTING or BUYING make more sense for you.
  • We will talk about FIXERS and deciding how much you can take on in a REMODEL.
  • I’ll share some tips on how to write a really great BUYER’s LETTER.
  • I’ll show you how to weigh if it is better for you to RENT or BUY.
  • We will talk about the EMOTIONAL part of buying a house.
  • We can talk about up and coming NEIGHBORHOODS, particularly on the east side.
  • Plus, any other QUESTIONS!

Come hungry, we are getting middle eastern food from Carousel — it will be delish.

Please RSVP via email to pattyhume@kw.com. Space is limited to 12 people since it is at my house. + Feel free to invite friends, but just make sure they RSVP! This will fill up quickly.

XOXO,

See more: Buyer 101, Events

Real Estate Hot Links: December 2016

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Yay! Very excited for my client who just closed on this mid century fixer in Silver Lake. It has a butterfly roof and was designed by the Jo Paul Rognstad, who was a student of Whitney Smith and influenced by the case study homes. It has sweeping view of the Silver Lake reservoir, the observatory and the Hollywood sign. It’s a real gem and I’m excited to see what my client (who is a designer) does with the renovation.

Real estate predictions for 2017  & more predictions –  rising interest rates, easier credit

Interest rates have risen sharply in the last 8 weeks, if you are on the fence now would be a good time to buy

Hot hot hot neighborhoods 2016 – Atwater, Boyle Hts, Silverlake-Echo Park, Venice, etc.

Renovating? Apps you need on your phone

More single women buying houses

LA artists moving to Antelope Valley

Where are people going if they leave LA? The desert

Home prices in Joshua Tree jump 30% in 1 year

Palm Springs market updates

Stunning LA midcentury homes sold in 2016

Zsa-Zsa’s Palms Springs house on the market for under 1m


Thinking of buying or selling in Los Angeles? Or just getting the hell out of dodge?

Let’s get coffee and discuss your dreams


See more: Link Love, Market Updates, News

How Property Taxes are Determined

HOW PROPERTY TAXES ARE DETERMINED Property taxes are governed by California State law and collected by the county. The County Assessor must first assess the value of your property to determine the amount of property tax based on the assessed value (cash or market value) at the time of purchase. This value increases not more […]

See more: Buyer 101, Seller 101
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Real Estate Hot Links: August 2016

IN ESCROW —  super cute 2 bedroom, 1 bath condo in El Sereno with a great view, balcony and high walkability score! If you are still renting it may be possible to buy for the same monthly price as renting. How to finance 2nd home as Airbnb Indoor Lighting Roundup (it’s got everything…) Malibu house Brady Bunch star bought at […]

See more: Link Love, News
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Real Estate Hot Links: July 2016

JUST SOLD! I represented the buyers on this property in City Terrace. 4 bedroom, 2 bath + finished art studio. It has a massive plaza like patio for a backyard and epic views towards Long Beach. After a lot of negotiation they got it for 15k under asking. And I even negotiated to get the vintage umbrella table included in […]

See more: Link Love, News