☠️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?
.
The good news is that your marketing is working. Buyers are walking in your front door (lets not minimize how difficult this task is).
.
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.
.
In other words, whatever you are offering is not worth your asking price, so they simply pass on it.
.
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.
Bob Hope estate just sold in Toluca Lake
My favorite Toluca Lake home to sell this week is the iconic #BobHope estate. Asking price $22 Million, sold for $15 Million.
Check out what curbed LA had to say about it...
Well, how about that—a sale has finally gone through on Bob and Dolores Hope’s former estate in Toluca Lake. Concluding a saga that began nearly six years ago, supermarket magnate Ron Burkle has acquired the 5.2-acre property for $15 million. This is the second Hope-related property in Burkle’s real estate portfolio: He picked up the couple’s John Lautner-designed Palm Springs residence for $13 million two years ago. The Burbank estate was first put on the market with an asking price of $27.5 million in 2013, and there it lingered, while sporadically getting price-chops. In 2017, Los Angeles City Councilman David Ryu introduced emergency legislation to have the property declared a historic-cultural monument after a buyer in escrow obtained a demolition permit for outlying buildings. Standing in firm opposition to this was Bob and Dolores’ daughter Linda Hope, who argued that historic designation would devalue the home and narrow the field of prospective buyers. Designation was denied after Ryu’s motion failed to get the ten votes necessary to pass. Burkle is reportedly planning to preserve and restore the main residence, which was originally built in 1939 by architect Robert Finkelhor and expanded into a 15,000 square foot home in the 1950s by Hollywood Regency architect John Elgin Woolf. The rambling property also includes indoor and outdoor pools, formal gardens, a guest house, a three-hole golf course, and a putting green. all proceeds from the sale will go to the Bob & Dolores Hope Foundation, in keeping with a stipulation in Dolores Hope’s will.
Tell your Los Angeles friends we can help them achieve their real estate goals
Without your help, our real estate business would be dead.
— 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.
.
If the buyer still does not respond to your notice, have your agent send a escrow cancellation form.
.
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.
Episode 6 of The #AskDanielLosAngels Show
In this episode of The #AskDanielLosAngeles Show, I answer the following questions:
-I want my house to look as nice as possible for showings, but I have so much clutter. What should I do with all my personal items?
-Can I sell a house that is rented out and has tenants living there?
-I'm in escrow right now on a Studio City home. We are finding out that there are problems with the foundation of the home. I need more time to look into it. Can my inspection period be extended?
-Are there still a lot of cash buyers out there?
Instagram: @DanielLosAngeles
Thank you for your attention
The spring home selling season is upon us. Are you ready?
They should be lucky you decided to sell your home!
.
You have the greatest property on the planet!
.
It's uniques, special, luxurious.
.
Time for you to go out there and dominate your competition!!!!
Tell your agent to email your homes listing info to his entire buyer database
Your agent should already have a list of buyers looking to buy a property similar to yours.
-
Make sure he emails the entire list the details of your for sale property.
-
If your agent doesn't have any buyers lined up... find a new agent.
Here are the 4 ways a home buyer can back out of a deal
Here are your 4 main buyer contingencies:
-inspection
-appraisal
-loan
-title
Get more answers to your real estate questions on The #AskDanielLosAngeles Show on my Facebook page Facebook.com/TheDanielLosAngeles
Here are 4 ways a home buyer can back out of a deal
As long as you cancel escrow within the time frames of your contingency periods, you can back out of the deal and get your deposit back.
What your home is worth has nothing to do with how much money you need
- I see this mistake all the time...
- Homeowners set an asking price for their home based on how much money they need to make their next move (and not on market data).
- But your not going to make this mistake... right?!
- Get more answers to your real estate questions on The #AskDanielLosAngeles Show on my Facebook page Facebook.com/TheDanielLosAngeles