L.A. real estate news and insights.
Founder of Bird Scooters Travis VanderZanden sells his LA mansion at a BIG loss.
Original asking price: $24,995,000
Selling price: $10,775,000 – off market
This home has 6 bed/9 bath, over 10,000 sq. ft. of living space, and is on a 56,832 sq. ft. lot.
There will only be 1 off-market showing for this Brentwood Park property - August 15th.
The home will officially hit the market in September.
Text me for more info 818-445-7953.
Your friend told you they are interested in selling their home sometime in 2020. You should let them know that they need to act sooner rather than later. Typically most real estate transactions take place in Springtime. Due to the Coronavirus and homeowners holding off on selling their homes, home sale transactions were down about 40% during the 2020 Spring selling season. Because of this home selling delay, the Spring selling season has essentially been pushed to Summer 2020. It's projected that the Los Angeles area will have an uptick in inventory and have a very strong buyer demand for the entire Summer season. I am recommending to your friend that they sell during this peak time and not wait until Fall or Winter.
The reason to not delay is that the flu season will start in Fall and many of us will get the common flu. Since the symptoms for the Coronavirus and the flu are similar, I am anticipating that during this time daily news reports will say that a second wave of the Coronavirus is coming. This news will make sellers rethink their plans of putting their home on the market. Because of this, I expect the market to see a repeat of what happened when the stay-at-home order was put in place back in late March. If you are not aware, during that time real estate escrows were being canceled left and right. Sellers were offering buyers $10K, $20K, $30k in credits just to stay in escrow. Some buyers took the deal, most did not. Compound that with home sales traditionally being slow in the 4th quarter due to the holidays, and you essentially have a standstill in the real estate market. That's why I am confident that this Summer will be the best time for your friend to see multiple offers on their home and to sell for top dollar.
When your friend is ready to sell their home, I can help them with the sale. Text their name and number to 818-445-7953, and I'll take care of the rest.
Thank you for all your referrals so far this year! I truly appreciate you helping my business thrive during a pandemic.
This beautiful, historic 1920's townhouse is selling for $899,998.
The "El Cabrillo" condominium complex is one of six remaining Spanish revival courtyard buildings.
The courtyard has been featured in both television and movies.
This 1 bedroom, 1 bath townhouse is in the heart of Hollywood.
It is within walking distance of the Hollywood Bowl, several theaters, restaurants, clubs, and more.
This completely remodeled home is the cheapest property to hit the market this week in Burbank.
Located on Clybourn Ave. this 3 bed, 2 bath single-family home is listed for $779,000.
The better you know the market, the faster you can identify a good deal.
Track properties that interest you, see what they sell for, and go to open houses.
This will give you an overall feel for the market.
Then connect with a seasoned agent that will guide you the rest of the way.
Original asking price: $19,995,000
Sold price: $16,825,000
This is the most expensive home to sell in the city of Los Angels this week.
Do you want to get top dollar for your property so you can purchase a bigger home?
Do you want to sell as fast as possible because you have a job transfer?
Do you want to sell in as-is condition because you don't want to deal with repairs?
Let's figure out what is important to you and build a selling strategy around your needs.-Call/text me 818-445-7953.
Let's have a 5 minute phone conversation to see if we are a good fit.
Read your properties public remarks on Redfin, Trulia, Zillow, Etc.
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Proofread it and make sure everything that your agent is saying about your property is in fact correct.
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You will get sued if the remarks your agent put are wrong or misleading.
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And make sure the remarks don't say you are a "Motivated Seller".
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When I am representing a buyer and see those 2 words... I attack!
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I tell my client to put in an offer much lower than the asking price.
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I do this because I want to find out just how “motivated” the seller is.
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You can learn from this.
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If you want top dollar, don't give off the vibe that you are desperate to sell.
