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Market Conditions in 90013 : Real Estate Advice

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  • Home Buying1
  • Home Selling0
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Activity 106
Mon Oct 8, 2007
Brett Dunne - DayBreak Group answered:

East Los Angeles does still command good values, but in general for that area values are stagnet to lower.
0 votes 1 answer Share Flag
Mon Oct 15, 2007
Dustin Anderson answered:
Hi Sara,

It all depends on what you need to get out of your home to purchase the new home. The best thing to do is to sit down with a Realtor who will give you an honest opinion of what your numbers are and then you can evaluate what the best route would be.

If you would like to find out the value of your home and what the best possible route is for you, then give me a call at 818-445-1035.
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Tue Jan 28, 2014
Stan Mikhalsky answered:
I don't think anyone wil answer that with 100% assurance. However, I don't see that market will recover in following 2 years. There is a reason -- current administration willbe in the office for one more year and whoever will come next, there will be a year at least to do something about market because this person will be new and it takes time to do something. IMHO. ... more
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Thu Oct 18, 2007
Cecilia answered:
Hi Jason
You can take a look at home ownership data in Los Angeles by neighborhood here:
It has home ownership data, home prices, etc.
Hope that helps
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Sat Jan 4, 2014
Jaira (Ventura County Realtor) answered:
Most of Los Angeles County currently is a buyers market. Existing homes are staying on the market longer, and sellers are much more negotiable when in comes to terms. Most listings will except below asking price. So first find a good reputable agent and have them run comparble home sales in the area you are considering before submitting your offer and then depending upon how long the property has been on the market determine how much below list price you are going to offer, the longer the home has been on the market, generally the lower offer, your offer can be because the seller will be in a position to accept lower offers the longer he has been on the market and he feels the urgency to sell.
I hope this helps.
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0 votes 4 answers Share Flag
Wed Apr 11, 2012
Richard answered:
This is a very difficult question to answer. But, my comments depend primarily on the type of investment property you are interested in purchasing. For example, it is nearly impossible to find a multi-tenant property that will provide you cash flow unless you are willing to make a down payment of 40 - 50%. On the other hand, you may find a few commercial properties that offer better terms. In general, California is a tough market compared to say, Texas or North Carolina, where you can get a positive cash flow with much less of an initial investment. I've written an Excel spreadsheet that will calculate Net Operating Income, Before Tax Cash Flow, Return on Initial Equity, Return on Total Equity, Cap Rates, Etc. The calculations rely, of course, on the aquisition data you enter. I'll be glad to send it ot you by email if you would like a copy.

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