L.A. real estate news and insights.
This is my 8th real estate transaction over at 4610 Densmore Ave.
The buyers insisted on using their lender to purchase the condo... big mistake!
The lender failed to come through with the loan.
Luckily, I always have a back up plan.
Text me what you are looking for and I'll let you know what off-market properties I have that match your search criteria.
818-445-7953
Asking price: $1,555,000.
Imagine what you could add on to this 17,000 square foot lot...
6 offers for my 6th listing at this Encino complex!
The sellers wanted to move the property as quickly as possible, so they took my advice and had the unit painted and staged.
It came out looking like a model unit!
The robocallers who want to buy your house want to offer you 15% less than what your property is worth.
If you want a easy transaction, take that deal.
If you want top dollar, put it on the market so everyone knows it's for sale.
The choice is yours.
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.
This is not an official stat from the National Association of Realtors.
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This stat is based on my experience, out in the field, working in Los Angeles.
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I always get multiple offers on properties that I am selling. Based on what I have seen during these multiple offer situations, about 40% of the offers are from all cash buyers.
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FYI 20% is the national average (according to the National Association of Realtors).
Once a potential buyer clicks on your properties ad on facebook, you can re-target them.
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That means you can keep advertising to that specific person about your home over and over again.
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Ask your agent if they know how to do this. He/She will probably say yes... ask them to give you a demonstration to make sure they are telling the truth.
Your listing will get its most exposure on day one.
What's the point of posting more pictures in a couple of days? Most of your audience will be gone by then.
I know this is tough to hear... but buyers don’t care how much money you need.
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They are going to pay market value for your home.
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Period.
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They are not going to pay you more money just because you NEED more money.
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The sooner you realize that, the sooner you will sell your home.
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Tag someone who has been having trouble selling their property.
I can email you a 3 minute video explaining exactly how our 72 Hour Home Selling Program works.
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Text me your email address at 818-445-7953.
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I will send you the video immediately.
Tell your agent your real estate goals, then let her tell you her plan to make that happen.
If it sounds off, find another agent with a plan that meets your needs.
Get more answers to your real estate questions at Facebook.com/TheDanielLosAngeles
A short sale is when you pay your lender back less than what you owe them.
Get more answers to your real estate questions at Facebook.com/DanielLosAngelesShow
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.
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.
