In order to make an offer, you should contact a real estate agent in the area of the home. They can provide you with a list of the recently sold homes in that area that are comparable to the home you are interested in. This way you are able to make an educated offer.... more
Prices have been rising, and while I think they'll continue to rise through the end of the summer, others feel they might be topping out for the time being.
We have roughly 3.5 months of inventory in LA. A normal market would have closer to 6 months of inventory, which means that it's still a sellers market (there's low inventory). Inventory is higher than it was at this time last year (a little under 2.5 months at that time). So, things are slowing down, but well-priced homes are still going fast with multiple offers.
If you don't get in now, I'd suggest waiting until the winter, when the peak buying season is behind us.... more
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