L.A. real estate news and insights.
If you live in a condo, take a look at the price per square foot other units in your building have recently sold for.
That is one way to figure out what your unit is currently worth.
It's not as easy with a single-family home.
Unlike a condo, with a single-family home, you have to take the lot size into consideration as well.
On this episode, I answer the following four real estate questions:
1) I'm looking online at homes for sale. They all list the price per square foot. What does $500 per square foot mean?
2) We are in the final stages of closing on a condo. We are just about a week away from closing escrow. I'm not really sure this is the right place for us anymore. What's the worst thing that can happen if we back out of the deal now?
3) When I purchase a home, do I have to put the title of the property in my name?
4) I put in an offer on a property, but the listing agent said I have to get pre-approved with their lender before the seller can accept my offer. Why do I have to go through that process if I already got pre-approved through my own lender?
We have almost 20,000 followers on Instagram... come join us @DanielLosAngeles!
Asking price: $7,500,000
It's been on the market now for 53 days... I bet there will be a price reduction soon!
Once they hit the 60 days on market milestone, I'm guessing the price will drop down to $6,999,999.
What do you think they should reduce the price down to?
