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Posts tagged ‘Los Angeles homes for sale’

15
Jul

Seduce Buyers with Savvy Staging – II

As promised, here’s a sequel to my previous article about home staging. Coupled with the earlier tips, this new set of ideas definitely will pump up the sales appeal of your beautiful L.A. home. Absorb these pearls of wisdom, then implement them full force. You’ll be amazed at their selling power.

Go Deep – You want your home looking spotless. Why? Because prospective buyers do. So gather up your vast collection cleaning supplies cloths, cleansers, brushes – all of it. Now rub, wipe, rinse, and scrub everything from floors to fridge until the place shines. Believe me, it’ll make a huge difference.

Remember the Little Things – Believe it or not, buyers are a picky bunch. And they’ll notice all the little things about your home. All those tiny details might not be grabbing your attention, but they’ll be on buyer radar the second they waltz through the door…maybe before. This means, you need to get busy and conceal scratches and nicks with touch-up paint, plaster up those unsightly holes, and shine up all the beautiful brass doorknobs.

Cabinetry Counts – Polish the wood and wipe the glass clean until it gleams. Then add some pizzazz with eye-catching pulls and handles. Appliances should get the same VIP treatment.

Well, that should get you further along down the road to staging success. Even more about staging your L.A. home for sale in future installments. In the meantime, if you have any questions or thoughts on the topic, be sure to send them my way. The comment box is now open.

And, of course, if you want to be connected to the latest info and opportunities in the Beverly Hills real estate market, I’m ready to make it happen.  Call or email today.

Back soon.

Terre Steinbeck

terre.steinbeck@gmail.com

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

8
Jul

Show Termites the Door…Before They Eat It

If you’re a resident of So Cal, your home likely will have two things: a mortgage and termites. One won’t go away until you pay it off. You can’t pay termites off. At least, nobody has been able to discover their price. But there are ways to keep them from establishing a beachhead in your beautiful L.A. home.

Now don’t go saying you ain’t got none of the little freeloaders. Even if the swarm has yet to pitch their tents, they’ll soon be taking up residence, munching 2×4’s and 2×6’s round the clock. Yes, the mighty mites are on lunch break 24/7. Must have some union.

Five Ways to Keep Termites from Trespassing

Be Warned. For a few hundred greenbacks, you can pick up a termite monitoring system that will warn you about uninvited guests.

Put Up Barriers.  Termite Barriers come in three forms — chemical, physical, and biological.  Any one of these measures will discourage even the heartiest of the breed from entering your premises. “Big deal,” they’ll smirk.  “Plenty of oak next door. Now start flapping them wings.”

Minimize Contact. Wood siding, latticework, door and window frames, and similar structures should be a minimum of six inches above ground. Ground to wood contact is a convenient bridge into your home. You might as well roll out a little red carpet, too.

Keep it Dry.  Termites are fools for dampness. Therefore, make sure there’s no accumulated moisture near your home’s foundation. Gutters, downspouts, and splash blocks are all great at keeping the water – and termites – away.

Don’t Encourage.  You already know what’s on the termite menu. So don’t offer them a banquet by storing lumber, firewood, or other types of wood near your home’s foundation or crawlspace.

If you’d like more info about keeping your home termite-free, feel free to bug me.  Or just fire your questions or comments into the box below. There’s plenty of space.

And, of course, if you want to be connected to the latest info and opportunities in the Beverly Hills real estate market, I’m ready to make it happen.  Call or email today.

Back soon.

Terre Steinbeck

terre.steinbeck@gmail.com

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

4
Jul

Seduce Buyers with Savvy Staging

Your L.A. home is perfectly priced. All systems go. It’s flying off the shelf into the hands of some eager buyer. Guess again. Quick sales take more than juicy prices in today’s market. Your place has to stand out from the crowd. And that, my friends, takes staging.

This quick-step guide offers you some of the basics. The rest is up to you. You can put this wise counsel into practice. Or watch in frustration as all the well-staged homes within a ten mile radius leave yours in the dust.

Depersonalize – Yes, yes, you absolutely adore your home. Who doesn’t? (Well, I can think of a few.) At any rate, if you’re selling your home, stop thinking of it as your home. It’s their home. Whoever their turns out to be. So depersonalize with extreme prejudice. This means, lose all the stuff that screams YOU. You know, photos of the family picnic, Timmy’s graduation, dog’s first furball. It’s all gotta go, go, go.

De-Clutter – A close relative of depersonalizing. But don’t stress. There’s a place on Ebay for all those little knick-knacks loaded onto your overburdened shelves. You’ll also want to remove carelessly discarded items such as the high-fashion roller blades you flung across the room. Even closets need that clean, clear look. So extract all those dusty garments you haven’t worn since Clinton sat in the oval office.

Neutralize – Your idea of the perfect interior color scheme might be fluorescent green walls with a light peach trim. But, as hard as this is to believe, prospective buyers might have different preferences. Heighten the appeal of your L.A. home by painting it in soothing, neutral shades such as beige. And save the fluorescent green for your Beamer.

Well, that should get you started. More on staging your L.A. home for sale in future installments. In the meantime, if you have any questions or thoughts on the topic, be sure to send them my way. The comment box is now open.

Back soon.

Terre Steinbeck

terre.steinbeck@gmail.com

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

 

30
Jun

For Every Home, a Buyer

More than a few realtors consider the real estate market one big Kmart. Their credo is simple: drop a home’s price until it flies off the shelf. Apparently, I can’t see the blue light. Or maybe I’m just plain stubborn. But I refuse, REFUSE to kick down the price of a home just to make the quick sale. Call me a rebel, but this L.A. realtor prefers to get the best possible price for my clients. No matter how long it takes.

That’s definitely the case with a beautiful home I had listed.  It’s a sprawling Spanish-style gem with two added guest houses. For three months, hundreds of people swarmed in to look it over. Their opinion was unanimous – the home was a knockout!  But through some glitch in the fabric of the universe, it just didn’t work for anybody. My manager and my co-lister urged me to slash the price. “Uh-uh,” I resisted.  “This home is worth every penny of the asking price. It might take a week, a month, or a half-year. But somebody will come along in due time and snatch it up.”

Well, after three months of waiting it out, that somebody did arrive on the scene. For them, this L.A. home was absolute perfection. And they snapped it up in two seconds flat.

Waiting three months translated to an extra $100,000 for my clients. (Last year, a similar gain was achieved after six months for a client.) All of which goes to show that in the world real estate, patience is indeed a virtue. And as for all you naysayers, I just have one simple message –

Told ya so!

See you next time.

Terre Steinbeck

terre.steinbeck@gmail.com

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

26
Jun

Sometimes It’s What’s on the Outside That Counts

Whether you’re selling your L.A. home or just keeping it hale and hearty, a good number of you spend endless hours cleaning, sprucing, and decorating the beautiful interior until it shines like the Tiffany diamond. But throughout these noble endeavors, you’re probably neglecting a critically important element in the attractiveness department – the exterior. You might not be able to judge a book by its cover. Homes, however, are another matter. The outside goes a long, long way to enhancing the value and appeal of your beloved property.

When it comes to the outdoor realm, choice landscaping is among the top value-enhancers. Nothing like a well-placed row of cacti to boost your home’s ranchy appeal. Now don’t press the panic button. You don’t need to spend a king’s ransom on landscaper fees. In fact, you can get the job done all on your own thanks to  –

Terre’s Guide to Do It Yourself Landscaping

  1. Make Room for Flora – Widen your flower beds to a width of four to six feet, and populate with colorful flowers.
  2. Don’t Get Caught With Your Plants Down – Plants and other flora can show a lot of wear and tear over time. Replace this dull bunch with fresh foliage, and watch the place liven up.
  3. Grab Some Attention – A unique tree or shrub offers great potential as a focal point.  Align one of these soil-dwellers with a key architectural point on your property. Good spots are a corner of the garage, home, or front yard.
  4. Be a Stickler for Style – Unless you prefer hedges shaped like enormous ice cubes, loose the electric clippers. These are infamous for carving beautiful foliage into geometric monstrosities. Far better to let your inner stylist loose with a hand-powered model.

Now that you’re well versed in the finer points of the landscaping arts, I’m expecting great things from you. If you have your own landscaping wisdom or photos to add, be sure to fire your thoughts into the comment box or send your pics in my direction. And, of course, if you have any questions about this or any other Beverly Hills real estate issue, absolutely send them my way.

Terre Steinbeck

terre.steinbeck@gmail.com

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

24
Jun

Neighbor Wars II: Mean Waters

A short while back, this dedicated Beverly Hills realtor published an article instructing visitors in the fine art of a triggering a neighbor war. Well, you’ll be pleased to know I’m back with another stimulating guide for transforming a simple, fixable problem into a major flare up. For this go-around, I’ll be focusing on the well-known issue of broken pipes.

When pipes rupture in a common wall dwelling, such as beautiful condominium, boffo conflict potential exists. Let’s start with the most obvious way for triggering an eruption.

Don’t file a claim with your homeowner’s insurance carrier. This would solve the problem with minimum hassles and headaches. But it’s a far too easy solution. After all, why let your neighbors escape your wrath? It’s their pipes that ruptured and soaked your walls and carpet like the Nile during flood season. Hey, you’ve accumulated all that pent-up anger thanks to endless hours on the traffic-clogged 405.  It’s time to unleash. Way more fun than lounging poolside.

Point those fingers. What better use for your fingers than pointing them accusatorily at your neighbors? Supplement the finger-pointing with verbal kindling such as ‘You should have replaced the plumbing a long time ago’ , ‘You flush too often’ , and ‘You could have hired somebody to monitor your pipes while you were in Hawaii’.  The great part about this phase is that your common wall neighbors will be doing the same to you, leading to speedy escalation.

Insist the HOA reimburse you. Uh-uh.  Even if the almighty Association covers your plumbing catastrophe, they won’t file a claim unless the damage blankets the community. Lots of little claims can make the HOA both undesirable and un-insurable in the carrier’s eyes. Therefore, you’ll want to keep harassing The Association to cover the costs.  No better way to be on their s*** list.

Well, that wraps another lesson. If you have something to add, be sure to fire your thoughts into the comment box. And, of course, if you have any questions about this or any other Beverly Hills real estate issue, absolutely send them my way.

Terre Steinbeck

terre.steinbeck@gmail.com

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

17
Jun

Don’t Get Lulled into Rabbit Hole Real Estate

You’ve just tumbled down a long, winding rabbit hole. You land in a place full of brightly-glowing flowers and whimsical characters who say strange things. There in a shady corner is your L.A. home. And dozens of buyers are converging on the property, offering exactly what you think the property is worth.

This, my friends, is what must happen if you intend to sell your L.A. home for the price tag YOU want. Because in the real world, you don’t set the value of your property – the market does. Plain and simple.

For some strange reason, certain people believe we agents just wave a magic wand, and POOF! – a home sells for the grand sum envisioned by the seller. Uh-uh, nope. While it’s true realtors have been known to nudge a little something extra at the negotiation table, the final sum won’t be dramatically different from the going rate. Ultimately, it’s the house not the realtor that sells the house.

So get used to it, sellers. Home prices all revolve around the economic rules of supply and demand, just like AT&T stock. Like it or not, the market is the master.

Despite this fact of real estate life, however, many is the time I encounter people who prefer to roam around in Wonderland. Just recently, I represented a seller who couldn’t understand why his property was stalled in the marketplace while everything else within walking distance was flying off the shelf. “Uh, well, it’s like this,” explained both me and the buyer’s agent. “All the others are listed at $700,000. Yours is going for 900k….Notice any difference?”

So the choice is yours. Price your L.A. home in line with the marketplace. Or buy a round-trip ticket to Wonderland. Because that’s the only place where emotion pricing works.

If you have anything to say about this, be sure to chime in. That’s what comment boxes are for. And, of course, if you have any questions, send them my way.

Terre Steinbeck

terre.steinbeck@gmail.com

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

10
Jun

More to Foreclosure Than Meets the Ear

Oh, the frustration! Thousands of people out there buzzing about things they don’t fully understand. Like ‘foreclosure property’.  Seems it’s on everyone’s lips. But did you know there are actually different phases of the foreclosure process?  Didn’t think so. Now if you’re good, I’ll share some of the biggies with you. Ready? OK…

Foreclosure 101

  • The homeowner stops paying the monthly mortgage. This generally is not cause for celebration among lenders, so typically this group will –
  • File a Notice of Default (NOD), and voila! — the house in question is officially in FORECLOSURE.
  • The lender launches the selling process. But don’t expect the one-day swimsuit sale at Macy’s. A year or more might breeze by before the auction date is even set. During this time lag, a homeowner can:
  1. Watch the bank eventually yank their home away.
  2. Do a short sale. You’re basically asking the bank to accept a loan reduction. Sure, they’re losing money.  But in the long run, they’ll probably wind up with the same haul they’d get on the auction block.

For the bank, the latter move is a major headache-reducer. I mean, if said foreclosed upon property doesn’t woo an auction buyer, it’s the bank’s to sell. So lenders get all the fun of hiring a realtor, fixing the place up, sitting on the property until sold, and forking over a 6% commission. Who needs that?!!

As responsible sellers, banks are inclined to keep their real estate owned (REO) properties in tip-top shape. This gives buyers a welcome guarantee of quality, well-maintained merchandise.  Short sales, on the other hand, are a mystery. Did the owner care for the property? Probably not. According to the immutable laws of human nature, most people just don’t give a shoestring about something they’re going to lose.

So you can see there’s more to foreclosure than meets the ear. Fortunately, you’re now well-versed in the differences between a NOD, being in foreclosure, a short sale, and an REO. And that means you’re poised to pounce on the current crop of L.A. foreclosure properties. I’m telling you, this niche definitely is adding major pep to our real estate recovery. How hot is the foreclosure frenzy? A year ago on my street, four foreclosure homes had ‘for sale’ signs in front. That number now stands at zero. I rest my case.

If you’d like to learn more about the gold mine of opportunities in the L.A. foreclosure market, I’m ready to help. Contact Terre Steinbeck for you complimentary consultation.