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Kessler-Bergin Group Blog

The Green News In Real Estate!

By Kessler-Bergin Group | Agent in Los Angeles, CA
  • Good Time To Buy

    Posted Under: Market Conditions in Hollywood Hills, Home Buying in Hollywood Hills  |  October 18, 2010 2:36 PM  |  477 views  |  No comments

    Most people would definitely say that now is a good time to buy your dream home. As the old adage goes, one's misfortune is another's good luck.

    With the financial crunch, property value is lower than expected. Enticing interest and mortgage rates are likewise being offered. More and more homes are lining up towards foreclosure and a good number of homeowners opting to sell; you may be able to get your home at a price that fits your budget perfectly.

    Many property websites will give you basic real estate information. However websites may not give all the property details, location and photos of homes, condominiums and real estate finds, they can only give you initial mortgage
    estimates and computations, Of course, while you may be able to successfully make the initial transactions online, it is always to your best interest to hire an agent  to ask the right questions and see the property for yourself.

    The A Team LA will ensure you are indeed purchasing a property that fits your needs as well as that of your family.  That way you will know that you are indeed making an excellent purchase for your dream home.

  • Rent or Buy?

    Posted Under: Home Buying in Hollywood Hills  |  June 9, 2010 2:25 PM  |  416 views  |  1 comment

    Until recently, the perennial real estate question of whether to rent or buy was dead. During the boom years, the question was largely irrelevant as people rushed to pay ever increasing prices for already expensive real estate. But now that national home prices have slid substantially and potential buyers are being more cautious, the debate has been reinvigorated.

    Many people hunting for a home these days are considering both alternatives, according to Tara-Nicholle Nelson, a spokeswoman for Trulia, the real estate website. "We did a survey of site visitors and found that 30% of them were thinking either of buying or renting," she said.

    In response, on Thursday the company will launch a Rent vs. Buy index for 50 major cities.

    To determine which option is better, Trulia compares the costs of buying a two-bedroom condo with the costs of renting one. Then, Nelson said, the results can be extrapolated to other classes of homes, such as larger single-family houses.

    Another factor, of course, is price stability. Unlike home prices, rents tend to rise or fall just a few percentage points each year. Even 2009's record decline in average rents was a paltry 2.9%, according to Reis Inc, which tracks the rental market.

  • Refi Madness: As rates Edge Lower

    Posted Under: Market Conditions in Hollywood Hills  |  June 7, 2010 3:07 PM  |  480 views  |  No comments

    With mortgage rates near record lows, homeowners are applying to refinance their loans at the highest rate in seven months, the Mortgage Bankers Assn. said Wednesday.

    The volume of refinancing jumped 17% last week as the average contract rate for a 30-year fixed mortgage sank to 4.80% from 4.83% a week earlier, the mortgage trade group said. It was the highest volume since October, according to the group's weekly report on home loan applications.

    Refinance applications had begun to surge two weeks earlier as global investors worried about the European debt crisis fled to the perceived safety of U.S. Treasury securities. That drove down the yield on Treasuries and mortgage rates followed, as they generally do.

    Although the latest surge is powerful, it doesn't compare with the tidal wave of refinancing that took place after December 2008, when the Federal Reserve, battling the fierce recession, first lowered its benchmark interest rate to nearly zero.

    That burst of replacement home lending continued as rates bumped lower until September 2009, when 30-year fixed-rate loans dropped below the 5% threshold for the first time in decades, recalled Stew Larsen, head of mortgage banking for Bank of the West.

    There are still plenty of homeowners with higher-rate loans who have never refinanced despite several opportunities since then to lock in rates starting with a 4, he said.

    "Many of our customers now feel they missed a couple of other windows," Larsen said.

    The refinance share of mortgage activity was at 72% of total applications, up from 68% the previous week and the highest refinance in the survey since December 2009.

    Industry observers said any home purchasers who could do so completed their transactions by the end of April, when federal tax credits expired for people buying houses
  • As prices increase, inventory could also increase, this means good news for buyers!

    Posted Under: Market Conditions in Hollywood Hills  |  May 17, 2010 11:54 AM  |  478 views  |  No comments

    Can it be possible? Despite the housing bust and high foreclosure rates, in some areas real estate agents are complaining that they don't have enough homes to sell. In some areas, supplies are even bidding-war tight.

    In California, almost all cities have a short supply of single-family homes. That's especially true in the lower-priced categories, according to Leslie Appleton-Young, chief economist for the California Association of Realtors.

    In the higher price ranges, sales are slower than they would be because of continued problems in obtaining financing. Right now, most jumbo-mortgage lenders require down payments of 30% to 35%, but as that eases, sales of higher end homes should rise and supplies fall.

    Zillow surveys indicate there's a big pool of homeowners who have wanted to sell their homes during the past three years but market conditions either prevented sales or kept them from trying. The company estimates that 8% of homeowners are very likely to try to sell their homes in the next twelve months if they see signs of improvement in their local markets.

    "These sidelined sellers closely watch the market for signs of a possible turnaround and rush in if there's a hint of good news," said Stan Humphries, chief economist at Zillow.com.

    Please follow me on:

    http://www.trulia.com/profile/adriennekessler/

    http://findusahouse.com/

    http://activerain.com/action/referrals/beverlyhillsagent

     

    Adrienne Kessler
    Keller Williams Realty
    CA DRE#02155323  
     (310)722-6699
  • 5 reasons to buy a home now! Affordability returns to housing, and buyers have loads of negotiating power.

    Posted Under: Home Buying in Hollywood Hills  |  May 13, 2010 11:35 AM  |  399 views  |  No comments

    Many people are afraid to buy a home in times like these, with the economy tanking and home prices continuing to fall. But if you're brave enough to stray from the herd, you might be in for the home-buying opportunity of a lifetime.

    If you're qualified to buy a home now, and the purchase makes sense for your situation, and you're prepared to live in that home for at least five years, there are five reasons you may be headed for a great deal:

    1. Affordability is better than ever.

    2. You have inventory to choose from.

    3. Builders are offering big discounts.

    4. Mortgage rates are historically low.

    5. You can get a federal tax credit.


    The A Team L.A. New Listings

    Charming Quaint Cottage

    Offered at: $792,000

    4429 Saint Clair Ave., Studio City CA 91604

    MLS# 10-444891

    This charming 3 bedroom, 2 bathrooms California Cottage has a nice flow, wonderful romantic master suite.  Large kitchen open up to a great family room which leads out to a backyard and private pool. Carpenter school in a great location in Studio City.

    Take a tour:

    http://tour.circlepix.com/5N6RC8

     

     

    Fabulous remodeled Contemporary

    Offered at: $890,000

    4010 Alta Mesa Drive, Studio City CA 91604

    MLS# 10-443103

    FABULOUS REMODELED CONTEMPORARY HOME HAS AN OPEN FLOOR PLAN. GOURMET CHEF'S KITCHEN WITH THERMADOR APPLIANCES WITH CALABATTA MARBLE, LIVING AND DINING OPENS OUT TO A PATIO AND SECLUDED HILLSIDE GARDENS WITH PATHWAYS. 2 BEDS THAT LEAD OUT TO A PRIVATE SIDE YARD AND SPARKLING POOL.2 BEAUTIFULLY UPGRADED BATHS,VAULTED CEILINGS,HARDWOOD FLOORS,RECESSED LIGHTING,A TANKLESS WATER HEATED,COPPER PLUMBING THROUGHOUT,UPGRADE ELECTRICAL.SOUTH OF THE BLVD.A WONDERFUL RETREAT!

    Take a tour:

    http://tour.circlepix.com/5NMD6P

     

     

    Gorgeous Bridgehampton Estate

    Offered at: $2,075,000

    4212 Lemp Ave., Studio City CA 91604

    MLS# 09-407185

    Enter into this private, gated unique estate. With the most grand living room and vaulted beamed ceilings that give a 5000 sqft. look and feel. This 4 bedroom 5 bathroom home is beautifully appointed with archways, 2 unique custom fireplaces, stained glass doors, surround sound throughout, hardwood floors, crown molding, built-ins, French doors, and a water purification system throughout, Gourmet cook's stainless steel and granite kitchen with a vaulted ceiling that gives you an appetite for the good life. All baths and the kitchen are graced with Walker Zanger tiles.It has 2 private master suites with great views to a huge spectacular pool and it's very private backyard. Double lot which is beautifully landscaped. Lots of flat land. This is truly a custom home with every detail. In the Studio City Colfax Meadows, Carpenter school district.

    Showings by Appointment only

    Take a tour:

    http://4212lemp.com/

     




    Adrienne Kessler

    310.722.6699

    Adrienne@beverlyhillsmoves.com

    www.Beverlyhillsmoves.com

    DRE# 01255323

     

     
  • Here's your feel good Monday news...

    Posted Under: Market Conditions in Hollywood Hills  |  May 10, 2010 11:36 AM  |  465 views  |  No comments

    On Thursday, we saw some encouraging numbers for existing home sales. On Friday, it's new-home sales, and the numbers are even better: Sales up about 27% last month, the biggest jump in -- wait for it -- nearly half a century (that's 47 years for those who prefer specificity). This  could be a rock-solid sign that the housing market hasn't just hit bottom but is returning to healthy levels. Me, I'm an optimist; I'll go with the latter.


    "underneath their glory is their story"


    Adrienne Kessler
    Keller Williams Realty
    CA DRE#02155323  
     (310)722-6699
  • So is independent home selling right for you?

    Posted Under: Home Selling in Hollywood Hills  |  May 5, 2010 12:12 PM  |  442 views  |  No comments

    As a home seller, you’ve already discovered one of the most valuable tools is to market your home. Some homeowners feel that once there is a sign on their property or their home is advertised in the newspaper and internet, that’s all the exposure they need. However, research reveals that independent sellers accounted for only 12 % of all homes sold.

    You may have already considered what a realtor can do for you, to market your home in this market:

    · The A Team LA has far greater resources for locating buyers and steering them to your home.

    · We have a vested interest (commission) in selling your home for the highest amount possible.

    · We provide buyer leads from a list of established contacts

    · We have access to specialized real estate Internet marketing involving multiple channels; for maximum online exposure and lead generation

    · We make sure in advance that prospective buyers are financially able to buy your home

    · The A team LA can spot buyer turnoffs, advise you on what to improve, and figure out your home's true worth based on the local market.

    ·  FIND OUT MORE…Subscribe to http://findusahouse.com/ for 10 FREE tips on boosting the value of your home.

     

     

    So is independent home selling right for you? Perhaps the best to look at the question is this way: Do you have the time and energy to take on a part-time job that pays roughly 6 percent of the selling price of your home? If not, hire the pros.

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