Just sold! I represented out of town buyers on this charming craftsman in Vermont Harbor. It’s near USC and Leimert Park. 4 bedroom, 2 bath, 1800sf. Wrap around porch. Stained glass in the den. Dozens of built in cabinets, dressers and bookcases. Sleeping porches, plate racks, wainscoting, tile fireplace… It needs some updating but it has all the original charm and craftsman detail! I’m so excited to see the reno. Sold for $535k. 15k below asking!
It’s fall, which means we can get out our sweaters and boots. It also means slightly less crazy house hunting. Typically late spring and summer are the craziest time around here. This is partially driven by the fact that everyone with kids wants to move during the summer break. Also, the weather is nice and people go to more open houses. In the fall and during the winter holidays a lot of casual buyers are distracted with other things going on. So, this time of year is ideal for serious buyers to buckle down. I would still expect multiple offers on most LA homes, but there will likely be less offers, which means your odds improve!
MARKET UPDATES / FINANCE
Mortgage rates still incredibly low, but up a bit because of the jobs report
Want to know why tons of SF people are moving here?
90% of families have had their wealth decline over last 27 years
Millionaire gives money advice to millennials
How are young buyers putting in all cash offer? Some are tapping equity in their parents house
HOME BUYING PROCESS
The mortgage process – what you need to know (infographic)
You do NOT need 20% down
LOCAL
LA prices keep climbing – 5th straight month
LA Renters expected to pay $136 more a month by 2019
CA landlords can’t threaten undocumented immigrant tenants anymore
What 1m will get you in LA
Cookbook opening second bigger location in the Figueroa corridor
20 things to do this fall in LA
DESIGN / HOME / RENOVATION
New roof is the best return on investment (podcast)
Easy DIY projects to add value to your home
The problem with tiny homes – where do you park it legally?
Srsl? I have way crazier real estate stories… just ask me
How to grout tile like a pro
Best investment furniture pieces for you first house