☠️Beware the Mello-Roos tax☠️
Episode 16 of The #AskDanielLosAngeles Show
On this episode, I answer the following 4 real estate questions:
1) I noticed some listings say there is a Mello-Roos tax. What's that?
2) On some real estate websites there are listings that get tagged as a "hot home". How can I get my property to show up as a "hot home"?
3) I'm thinking about selling my condo soon. What are some of the must have's for a buyer?
4) I got a voicemail from someone saying that they want to buy my house for top dollar. Is this a scam?
Have a real estate question you want answered on the show? Email the question to Daniel@ContempoRealtors.com
If you have a lot of showings for your home, but no offers, your priced too high
It's been 2 weeks. You have had a ton of showings, but no offers.... what's going on?
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The good news is that your marketing is working. Buyers are walking in your front door (lets not minimize how difficult this task is).
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The bad news is that by not putting in a offer, the buyers are telling you non verbally that your asking price is to high.
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In other words, whatever you are offering is not worth your asking price, so they simply pass on it.
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If you are in this situation, it's time to reevaluate your pricing strategy.
The best Tudor home in Glendale to sell this week
Would you ever buy a Tudor home?
Here is one of my favorite Tudor homes to sell this week in Glendale, CA.
Tell your Los Angeles friends we can help them achieve their real estate goals
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— Thank you for telling your friends and family about our real estate services.
— It means the world to us that you have been sharing our message with homeowners who are ready to make a move.
— Call or text any time to discuss your real estate needs 818-445-7953
What are the ways a seller can back out of a real estate deal in Los Angeles
If the buyer is not releasing one of their purchase contingencies, your agent has to send the buyer a notice to perform.
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If the buyer still does not respond to your notice, have your agent send a escrow cancellation form.
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At that point, the buyer either responds or you have to cancel escrow and find another buyer.
Episode 7 of The #AskDanielLosAngeles Show
In this episode of The #AskDanielLosAngeles Show, I answer the following questions:
1) What are the ways a seller can back out of a deal?
2) What do home designers do?
3) Do I have to tell the person who is buying my home that there is a registered sex offender living in my neighborhood?
4) What kind of info has been made public about my house?
Get more answers to your real estate questions on Facebook: Facebook.com/TheDanielLosAngeles
This is why these Burbank homes turned into "Expired Listings"
In order to succeed, we have to look at the listings that failed.
Only 1 out of these 34 expired listings had a marketing video.
If the homeowner had a video for their home, they may have brought more attention to their listing and eventually sell... maybe not... but at least the homeowner could say they tried as hard as possible.
Your "Days On Market" should say "0"
Ask your agent to show you your MLS listing.
Make sure the "DOM" or “Days On Market” reflects the actual amount of time you have been on the market.
How to know if a buyer can afford to purchase your property
If a buyer is submitting an offer on your home, you want to know if they can afford it right?
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Here is what the buyer will turn in to you when they submit an offer:
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-their purchase contract
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-their pre approval letter from their lender
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-their bank statement, AKA, their proof of funds
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The last 2 will show you if they can get a loan and if they have the cash for the down payment.