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Robert Rodriguez's Blog

By Robert Rodriguez | Agent in 90210
  • Are searching for homes in west la? Are you interested in buying in the 90025

    Posted Under: Home Buying in West Los Angeles, Home Selling in West Los Angeles, In My Neighborhood in West Los Angeles  |  April 2, 2012 8:30 PM  |  339 views  |  No comments
    This is the coolest IDX/interactive map I have come across. imarketyourhome.com

    West Los Angeles real estate.

  • HOW ARE MARKET CINDITIONS IN PLAYA VISTA, CA?

    Posted Under: Market Conditions in Playa Vista, Home Selling in Playa Vista  |  January 30, 2012 5:24 PM  |  399 views  |  No comments

    Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October from a downwardly revised 4.90 million in September, and are 13.5 percent above the 4.38 million unit level in October 2010.

    Contract failures are cancellations caused by declined mortgage applications, failures in loan underwriting from appraised values coming in below the negotiated price, or other problems including home inspections and employment losses. "Other recent factors include disruption in the National Flood Insurance Program, and lower loan limits for conventional mortgages, which paradoxically force some of the most creditworthy consumers to pay unnecessarily higher interest rates," Yun said.

    Single-family home sales increased 1.6 percent to a seasonally adjusted annual rate of 4.38 million in October from 4.31 million in September, and are 13.8 percent higher than the 3.85 million-unit pace one year ago. The median existing single-family home price was $161,600 in October, which is 5.8 percent below October 2010.
  • HOW ARE MARKET CONDITIONS IN MAR VISTA, CA?

    Posted Under: Market Conditions in Mar Vista, Home Selling in Mar Vista  |  January 30, 2012 5:20 PM  |  404 views  |  No comments
    2011 ended with 63 active listings on the market 47 houses in escrow and 276 sold. The highest sale was 2.8 million at 3547 Mountain View a gated home with over 6000 sq ft of home on a 19,256 ft lot. This home had panoramic views, pool and a 2 bedrrom guest house. We will see a better real estate market in 2012 with historically low interest rates.
  • HOW ARE MARKET CONDITIONS IN CULVER CITY?

    Posted Under: Market Conditions in Culver City, Home Selling in Culver City  |  January 30, 2012 5:11 PM  |  378 views  |  No comments

    Culver City's home resale inventories decreased, with a 9 percent decrease since December 2012. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in January. The median listing price in Culver City went down from December to January. There were a total of 5 price increases and 26 price decreases.  Check out this cool link about home sales in 2012 - click here.
  • Home values in Encino

    Posted Under: Home Buying in Los Angeles County, Home Selling in Los Angeles County, Property Q&A in Los Angeles County  |  January 18, 2012 1:59 PM  |  297 views  |  No comments
    Buying or Selling in Encino?

    We specialize in the Valley Real Estate market and can provide you with an detailed analysis of your home worth. To get a full market analysis of your home or
    if you are looking to purchase in Encino or the San Fernando Valley, feel free to contact me directly:

    The Property Shop

    thepropertyshopre@gmail.com

    (310)571-5973 - Direct

  • Home values in Tarzana

    Posted Under: Home Buying in Los Angeles County, Home Selling in Los Angeles County, Property Q&A in Los Angeles County  |  January 18, 2012 1:57 PM  |  270 views  |  No comments

    Buying or Selling in Tarzana?

    We specialize in the Valley Real Estate market and can provide you with an detailed analysis of your home worth. To get a full market analysis of your home or
    if you are looking to purchase in Tarzana or the San Fernando Valley, feel free to contact me directly:

    The Property Shop

    thepropertyshopre@gmail.com

    (310)571-5973 - Direct

  • Selecting a listing Agent

    Posted Under: Home Selling in Los Angeles County, Property Q&A in Los Angeles County  |  January 18, 2012 12:11 PM  |  244 views  |  1 comment

    Selecting an Agent

    Selecting an Real Estate Agent based on the list price they suggest is a dangerous proposition. Your selection of a Real Estate Professional should be what they bring to the table and the analysis that they do on your home.  For instance, there should be a breakdown of what is for sale, what has sold.   Sometimes it is important to look at the home compared to other homes in several different ways.

    • You may look just at square footage
    • Number of bedrooms/baths
    • You criteria may be to just a small section of town
    • Factors like new construction in your area will affect the value of homes that are 20 or 30 years old
    • Many times there are no comps that come up with so there are many adjustments that are made for the homes you are comparing

    This type of analysis can take hours if done correctly.  Be wary of agents that first ask you what you think your home is worth and then magically come up with a price that matches your number.  Although it may be hard to hear the potential value of your Buffalo home, believe me it is a lot harder to hear that you need yet another price reduction after you list your home.

    What is Buying a Listing?

    "Buying a Listing" is a term used by many agents when they see overpriced listings on the market. “Oh that agent bought that listing…  There are agents out there that will take an overpriced listing to just put their sign in the lawn and give them the ability to advertise a listing in a specific community.

    You need to ask yourself:  “Exactly who does that benefit?”

    The agent that takes an over-priced listing knows full well that home sellers are influenced by the signs in the neighborhood and will call agents that have homes listed in their area.  They also know that they are not going to sell that home without significant price reductions are ok with that.  Their goal is to break into a new market.  They think that they will get the seller to drop their price after a couple of weeks.  Meanwhile you lose valuable marketing time and start on the slippery slope of chasing the market down.

    Why is it bad when an agent Buy Listings?

    First off the first 30 days are the most important in the marketing efforts of a home for sale.  Today the most important factor in getting a home sold is PRICE.  That is not to say that location is not important, it just means that homes priced correctly are selling quickly and in many instances with multiple offers. Start out too high and you are going to have to do price reductions to come in line with other homes for sale.  Wait too long, you will have to reduce even lower than what other agents may have told you when you first started looking to sell your home.

    When you overprice your home — you immediately are at a severe disadvantage to the other listings on the market.  As you sit on the market, people ignore your home and the longer you sit on the market, the more people wonder “What is wrong with that home?” Your home becomes stigmatized and you are in the position to chase the market down.

    The Property Shop

    thepropertyshopre@gmail.com

    (310)571-5973 - Direct

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