It's raining in LA today and I love it!
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That's because any buyer that sets up an appointment to see one of my listings today is guaranteed to be a motivated buyer.
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If you are not a motivated buyer, you are definitely not coming to see a house when it's pouring outside.
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You will wait until the weekends open house when its nice and sunny again.
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The real deals go down in the rain!
Will real estate agents assist with finding rental properties?
Some agents will help you find a rental unit, but 95% will not.
Your credit score can be raised by fixing any errors your creditors have made on your credit report
5 STEPS TO A BETTER CREDIT SCORE
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Step 1) 🤓Order your credit report
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Step 2) 🤔Look for any mistakes a creditor has made. For example, does your credit report show that you still have a old outstanding bill with Nordstrom for $142? Do you remember paying off this bill and you have a receipt to prove it? Good!
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Step 3) 😫Call your creditor tell them you paid that bill and that you can send them proof.
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Step 4) 🤔Wait 6 months and order another report. Does this new report reflect all the corrections you made with your creditors? Good! You should also see your improved credit score. I have seen some peoples score go up 100 point just off of this tactic.
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Step 5) 🤗Enjoy your higher credit score and send @DanielLosAngeles a delicious #keto friendly dessert.
Standard listing agreements force you to pay your real estate agent a full commission, even if you found the buyer yourself
That doesn't seem fair, does it?!
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After all, you did the hard work of finding the buyer yourself... why should your agent get paid the full commission?
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Unfortunately that is how standard listing agreements are written up. But your not gonna fall for that, right?
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I personally don't think it's fair either. That's why I have a Flexible Commission Listing.
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You find the buyer and want to pay a lower commission? No problem! I will write up the contract and take it through escrow for only 1%.
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Now that sounds fair right?!
How to check for liens against your property?
A lien usually comes from either unpaid taxes, a judgment made in court, or from unpaid bills.
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There are a number of liens creditors may place on your home.
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The most common are mechanic's liens, judgment liens, and tax liens.
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Mechanics lien: When general contractors, carpenters, plumbers, painters, or other type of repair companies work on your home, they may file a mechanics lien on the property as insurance to make sure they are paid.
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Judgment lien: If you have lost a court case and there was a judgment against you, the winning party of the lawsuit can file a judgment lien against your home until the payment is collected. This type of lien is also sometimes imposed by an attorney if you do not pay your bill for legal services.
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Tax lien: If you do not pay your federal, state, or county taxes, the government may file a tax lien on your home.
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A preliminary title report will show you all the liens that are against your property.
Is there a way to guarantee your home will pass inspection?
Can you guarantee your home inspection will go well?
No, but you can prepare for it by having an inspection done before you put your home on the market.
A low appraisal can prevent a buyer from purchasing your home
If your homes appraisal comes in low, you have 4 choices...
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1) Have the buyer come up with the difference in cash.
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2) Drop your purchase price to match the appraised value.
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3) meet the buyer somewhere in the middle... you drop your price, they come up with a little cash.
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4) cancel escrow and find a new buyer.
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The good news with option 4 is that a brand new appraiser will appraise your property. Hopefully they will appraise your home for the agreed upon purchase price. 🙏🏻🙏🏻🙏🏻
Top 2 sold properties in Burbank above Glenoaks Blvd.
Here are my top 2 properties that recently sold in Burbank above Glenoaks Blvd.
The sheriff could physically remove you from home if you stop paying your mortgage
Haven't paid your mortgage for a while? Are you getting foreclosed on?
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The sheriff could come and throw you out of the house.
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At that point your lender owns the home, not you.
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Oh, and those sheriffs are almost as big as this #Trex!
After removing all contingencies, whats the worst that can happen if I back out of escrow?
I have never had a client go through litigation, but I know of people that have. - You want to avoid this at all costs. - It’s simply time and money down the 🚽 - If you enter into a purchase contract, you better be ready to hold up your end of the deal.
How long does it take to sell a home?
How long did it take you to sell your home?
The national average is 63 days according to realtor.com.
Episode 8 of The #AskDanielLosAngeles Show
In this episode of The #AskDanielLosAngeles Show, I answer the following questions:
1) How long does selling a house usually take?
2) I already removed all of my contingencies but I have to back out of escrow. Whats the worst that can happen to me?
3) Whats the difference between a short sale and a foreclosure?
4) How accurate are Zillows "Zestimates"?
Follow me on Instagram @DanielLosAngeles
Thank you for your attention.