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Posts tagged ‘West Los Angeles homes for sale’

25
May

What You Don’t Know Can Hurt You

I got another one of those calls the other day. Happens all the time. It’s the kind that starts off full of promise – somebody saw an amazing Beverly Hills home. And now they want yours truly to help them snag it from the marketplace. So I put the real estate gears in motion. And lo and behold, I discover said home sold over six months ago!

Why did this important piece of info escape the notice of these well-intentioned people? Simple. They, like many other home shoppers, discovered this Beverly Hills home on one of the trendy new sites devoted to real estate listings. Zillow, Trulia, and Real Estate Blocker spring immediately to mind. There are hundreds more out there.

Now don’t get me wrong. These online destinations often are wonderful resources. They provide  a wealth of useful information covering everything from mortgage calculation to ‘walk scores’ to local realtors. BUT — these sites aren’t required to divulge as much information as the more reliable Multiple Listing Service. Case in point: the MLS must clearly indicate that a home has been sold within three days of closing. Any realtor who fails to update a sold listing within the required period gets slapped with a fine that’s higher than the moon.

Another tidbit these sites might omit is whether or not a house is bank-owned, a short sale, or traditional sale. Each of these scenarios typically requires a different amount of time to close. If a buyer doesn’t know which one they’re jumping into, they could be in for an unexpectedly long and bumpy ride.

So use these sites as a starting point. Relying on them for anything more is going upstream without a paddle. The only way you’ll get the full scoop on a Beverly Hills home for sale is by consulting a real estate professional. Unless you prefer unwanted surprises and numerous additions to your yearly headache count.

20
May

Don’t Buy a Beverly Hills Home the Way You Buy a Stock

You’ve analyzed, surveyed, dug up and devoured every report in the known universe. You’ve timed the moment down to the precise nanosecond. You know the very instant the price will touch bottom. And you’ll be ready to pounce on the Real Estate deal of the century.

WRONG! Take it from this seasoned wheeler-dealer. Buying a home is NOT like buying a stock. Unlike jumping on choice equities at that ‘golden moment’, purchasing a piece of Beverly Hills real estate is a lateral move. There are no opening bells, no fevered rushes for IPO’s, no computer generated moves. Things just don’t roll that way in the world of real estate.

But roll they do. And people, real estate prices are rolling northward — especially in key markets throughout Southern California. So stop waiting for the Los Angeles real estate market to hit bottom. That ship has sailed. Have a look at current prices. Then compare them to last year’s. See the difference?

Still, there are legions of you defiant holdouts waiting for your inspiring buy moment so you can lowball your way into a juicy deal. These are the people who’ve turned real estate buying into a game of personal triumph. Unfortunately, it’s a game anyone now on the playing field will lose. Houses are routinely generating multiple offers in a steadily rising market. I know. I’m out there in the trenches. I see it every day. Like it or not, the real winners will be savvy buyers who jump in before the prices climb any further.

The good news is, there’s still time to grab a great deal. If you’d like to learn how to get the most out of the current Beverly Hills real estate market, contact me today. I’ll be delighted to schedule a complimentary consultation.

Terre Steinbeck

Office (310) 724-7100
Cell (310) 666-4094
Email
Terre.Steinbeck@gmail.com