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Heather Paul's Blog

By Heather Paul | Agent in Santa Monica, CA
  • Thinking of Buying a Home in LA: Is It Better to Rent or Buy Right Now?

    Posted Under: Home Buying in Los Angeles, Property Q&A in Los Angeles, Rentals in Los Angeles  |  October 27, 2011 12:37 PM  |  1,094 views  |  No comments
    Rents are going up and going up quickly in many areas of LA County.  In the last year, some areas rents have risen over $1,000 a month.  Many people are wondering if they should continue renting or just buy a home right now.  Our simple answer to this question is "BUY, BUY, BUY!", with the amazing home prices right now and outstandingly low interest rates, you may never find a better time to buy real estate! Local property values have been increasing steadily which is another great sign that buying a home or condo right now is the right thing to do versus just renting.  

    FIND A LOCAL LOS ANGELES REAL ESTATE AGENT


    Search homes for sale,property listings,mls home search,Santa Monica listingsSearch Los Angeles Real Estate Listings-One of the Best Resources Available to Buyers is this LA Real Estate website



    Buy a Home Now: Renters are Now Outspending Owners on Housing

    Renters now spend five percent more of their household budgets on housing costs than do homeowners, and the difference is growing as rents rise.

    Since 2005, homeowners’ expenditures for housing have risen from 31.9 percent of their household budget to 33.2 percent, but renters’ costs have risen even more, from 35.6 percent to 38.4 percent, according to the October CoreLogic U.S. Housing and Mortgage Trends.

    Since 1985, homeowners have increased their housing expenditure allocation by 12 percent, while renters increased by 22 percent.

    As consumers allocate more of their expenditures toward housing, they have less money to spend on non-housing consumption. The largest decline in a household’s budget occurred in transportation expenditures which fell by 17 percent and 22 percent since 1985 for homeowners and renters, respectively, CoreLogic said.

    The increased spending allocation for housing, which is largely due to the stagnation of incomes among Americans of home buying age beginning in the 1990s, has actually contributed to the decrease in homeownership by making buying a home more difficult.

    Demographics have also contributed to the decline in homeownership. For the 25 to 34 age group, the homeownership rate fell from 51.6 percent in 1980 to 42.0 percent in 2010. For 35 to 44 year olds, homeownership rates fell from 71.2 percent to 62.3 percent over the same time period.

    The CoreLogic report also found that a significant number of foreclosures are remaining on the market for as long as four years or more. One out of five REO foreclosures (21 percent) are taking more than a year to sell. Nearly 10 percent, or 23,200 properties that were auctioned in 2006, remained in REO as of Q2 2010. In other words, these properties have been in REO continuously since 2006.

    If you are looking to buy, rent, or sell Real Estate Right Now-it truly is a great time again for Los Angeles Real Estate.  You can find great deals in Los Angeles, it just takes using a local professional to achieve this.

     

    ar130369891112351 Santa Monica Sales Tax is Going Up: Will You Keep Shopping in Santa Monica or Spend Your Time and Money Elsewhere?       Call Me Today for All Your Los Angeles Real Estate Needs!

        Heather Paul, Realtor (310)586-0364 or (310)923-2334

                     “Your Local Los Angeles "LA" Luxury Real Estate Expert”

                        www.HeatherPaulOnline.com

  • Luxury Apartments for Rent in Venice, California

    Posted Under: Rental Basics in Venice, For Rent in Venice, Rentals in Venice  |  October 19, 2011 7:46 AM  |  1,760 views  |  No comments

    VENICE BEACH RENTALS: LUXURY RENTALS IN VENICE, CA

    FIND A LOCAL REAL ESTATE AGENT

    Location! Location! Location! Walk to Famous Venice Beach, Main St, Abbot Kinney, Restaurants, Shopping, Parks, and more! Gorgeous 3 Bedroom 3 Bath 2 Story Town house, upgrades throughout including stunning wood floors, fantastic gourmet kitchen with all stainless steel appliances, 2 small yards, luxurious bathrooms, washer and dryer hookups inside. Entertain outdoors on the outstanding Roof Top Deck! Huge 2 Car Private Garage! Super Bright Unit! Over 2000 Sq Ft of Living Space in Prime Venice Beach! Hurry! This one won't last long! To view more detailed information on this great property, click here:

    AMAZING VENICE RENTALS

    To View All Venice Beach Rentals & Homes for Rent in Venice, Ca-Click Here to See All Rentals Now:

    http://heatherpaulonline.com/venice-ca-rentals/

    NEWER CONSTRUCTION! HIGHLY UPGRADED TOWNHOME

    GORGEOUS HARDWOOD FLOORS THROUGHOUT, COZY FIREPLACE IN FORMAL LIVING ROOM

    GOURMET KITCHEN WITH HIGH END STAINLESS STEEL APPLIANCES

    AMAZING ROOF TOP DECK FOR ALL YOUR PARTIES & ENTERTAINING! WALK TO VENICE BEACH, MAIN ST, GREAT RESTAURANTS AND SHOPPING!

    search homes for sale,real estate listings,condos for sale,santa monica homes for sale

     

     

     SEARCH ALL VENICE RENTALS AND PROPERTIES FOR LEASE ON THE WESTSIDE

     

     

    ar130369891112351 Venice Beach Postal Service announces plans to relocate from historic Venice Post Office building to larger site across street       Call Me Today for All Your Real Estate Needs!

        Heather Paul, Realtor (310)586-0364 or (424)625-1037

                     “Your Local Real Estate Expert”

                        www.HeatherPaulOnline.com

  • Westside Rentals-Search All Westside Rentals in Los Angeles County

    Posted Under: In My Neighborhood in Los Angeles, For Rent in Los Angeles, Rentals in Los Angeles  |  June 17, 2011 8:26 AM  |  1,362 views  |  No comments

    Westside Rentals

    Search All Properties Available for Lease/Rent on the Westside-View Home, Condos, Townhomes, and Apartments for Rent in Santa Monica, West Los Angeles, Brentwood, Malibu, Venice, Marina Del Rey, Culver City, and the Entire "Westside" Areas

    Westside Rental Housing List

    Santa Monica Homes for Rent         West La Homes for Rent

    Santa Monica Condos for Rent          West LA Condos for Rent

    Santa Monica Apartments for Rent          West LA Apartments for Rent

     

    Malibu Homes for Rent                                     Venice Beach Homes for Rent

    Malibu Condos for Rent                                       Venice Beach Condos for Rent

    Malibu Apartments for Rent                                Venice Beach Apartments for Rent

     

    Culver City Homes for Rent                                   Marina Del Rey Homes for Rent

    Culver City Condos for Rent                                  Marina Del Rey Condos for Rent

    Culver City Apartments for Rent                   Marina Del Rey Apartments for Rent

     

    Beverly Hills Homes for Rent                        Brentwood Homes for Rent

    Beverly Hills Condos for Rent                       Brentwood Condos for Rent

    Beverly Hills Apartments for Rent                        Brentwood Apartments for Rent

     

    Click Here to Search All Westside Rentals

     

    Search All Homes, Condos, & Apartments for Sale

    ar130369891112351 Did you go to the Festival of Books? What did you think?       Call Me Today for All Your Real Estate Needs!

        Heather Paul, Realtor (310)586-0364 or (424)625-1037

                     “Your Local Real Estate Expert”

                        www.HeatherPaulOnline.com

     

    Facebook Add Did you go to the Festival of Books? What did you think? Twitter Follow Did you go to the Festival of Books? What did you think?

  • Buying or Purchasing Rental Property-Patience is the Key to Getting a Good Deal

    Posted Under: General Area, Home Buying, How To..., Rentals  |  October 22, 2010 6:58 AM  |  910 views  |  No comments

    Patience is Key When Looking For and Purchasing Rental Property

    As today’s economy continues to struggle, homeowners across the country are looking for ways to make ends meet, and many are taking on the role of landlord. While jumping into the rental scene may seem enticing, it is important to make sure you are prepared for the task before you get started. 

    According to the experts at AllBusiness.com, the following tips will help homeowners looking to buy rental property find success, no matter what the market. 

    Do your homework and find a reputable agent or broker
    . Taking the time to find a reputable real estate agent or broker before you begin searching for a rental property is crucial. The agent or broker that you ultimately choose to work with should know the neighborhood(s) where you are interested in buying, in addition to helping you choose properties that fit your needs. 

    Make sure your finances are organized. Going through your finances and making sure everything is in order is a crucial part of the purchasing process that shouldn’t be overlooked. If there is any chance that you will be taking out a mortgage in order to finance your rental property, it is important to do your research early to make sure there are no discrepancies on your credit report. If you find that your credit report is inaccurate, report it immediately so you can get the problem resolved quickly.

    Set a maximum amount you can afford to pay. Before you even begin looking at properties, you should carefully examine your finances and your current situation to establish the maximum amount of money you can afford to spend. By not coming up with a number beforehand, it is easy to get carried away and spend more money than you should have. 

    Schedule a home inspection. Before you buy a rental property, be sure to call in a professional home inspector who will come and evaluate the home. Home inspectors will be able to tell you if the home is safe to live in, and if there are any problems that need to be addressed. This is a great way to avoid expensive repairs down the road. 

    Take a close look at the neighborhood. Once you have found the property that will best suit your needs, be sure to take the time and get to know the neighborhood. It is usually a good idea to visit the neighborhood during the day and at night so you can get an accurate feel for what the area is like. 

    Stay up-to-date. If you are looking to purchase a rental property in an area in which you aren’t familiar, you should do your homework and get to know the local real estate market. The agent or broker you are working with will be able to provide you with current information about the area as well. 

    Ask around. These days, people are turning any situation into a networking opportunity, so be sure to take advantage of those around you when looking for a rental property. It doesn’t hurt to ask friends, family, business owners and individuals who live in the area whether there is anything available or if they know of anyone who may be leaving the area at some point. Initiating this dialogue will keep you top of mind when something does come along. 

    Don’t settle. Just like you wouldn’t settle if you were in the process of buying your primary residence, it is important to treat the rental property search the same way. It may take a while to find the perfect rental location, so be patient with the process. 

    Ask for comparables. Your agent or broker can provide you with information regarding comparable properties in the area. It is important to take notice of the rental income, sales price, square footage and other relevant information to be sure you are getting a good deal.

    Contact Me for All Your Rental Investing Needs!
    Heather Paul, Realtor
    Coldwell Banker Residential Brokerage
    (424)625-1037
    www.HeatherPaul.ListingBook.com 

 
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