Get a free comparative market analysis of your home's value sent to you with no obligations.
Search for a Home
Find your Home's Value
|
Los Angeles · West Hollywood · Hollywood · Hancock Park · Hollywood Hills · Beverly Hills · Miracle Mile · Santa Monica · Venice · Culver City · Westwood · Century City · West Los Angeles · Los Feliz
Real Estate Market Watch 2009 The Latest Buzz: up to $18,000 available to home buyers! The stimulus package as well as housing stability packages have finally been passed. Amongst other incentives to individuals, the goverment has extended and improved a tax credit up to $8,000 for first time home buyers. California is also offering up to $10,000 to both new and seasoned homebuyers who buy new construction. Consult your tax advisor to see whether these credits can help you get the home you've been waiting for.
If you're looking to invest in real estate, right now is a great opportunity to find a great deal. Short sales. Foreclosures / Bank Owned properties. From beautifully renovated condos near West Hollywood for under $375,000, to a 2-bedroom home with a pool South of the Beverly Center under $700,000, there's a lot to choose from, including bank-owned property and sellers who are more willing to negotiate. Prices are soft and interest rates are still very low. We won't know where the bottom is until we've missed it. But we do know that it's taking less time to sell property now than a few months ago and there's less on the market. Those are usually the first indicators that we're near bottom. Look for the best deals and go for the best discount while it's still a buyer's market. When the market turns, you'll have more competition and sellers will have the upper hand. Ask me about good buys and foreclosures - they're out there. I'll help you locate and negotiate the best deal for you. And remember that the difference between 5% and 6% on your loan is a 20% increase in mortgage interest! Take advantage of today's low rates! The Rise and Fall of Interest Rates: Over the last few months rates have risen, fallen, and risen again. Rates fluctuate daily, dramatically changing what you can afford. That, coupled with changing lending guidelines, makes it difficult to determine how much you can afford. Speak with a lender to see what rate you qualify for and how much you can afford. It may be more than you think, but then again, it may be less. Contact me for more information on reputable lenders.
If you own your home and want to stay where you are and can afford to hold onto your property until the market heals itself, that may be the right choice, but if if you plan to buy a different home when you sell, you could benefit by transferring your equity into a new home, by locking in a low price, low interest rates, and low property taxes while you can. If you need to sell this year, do it quickly before it loses more value, make it as attractive as possible, and price it right to attract more buyers. Waiting could cost you money. It's never been more important to properly stage, price and market your home when selling. I'll help you identify what small fixes you can make to get the most for your home and help you stage it as well. Together, we'll get you the best price for today's market.What does $2,500 buy you? Amortized over 30-years with a fixed-rate mortgage:
Rising Home Prices? Prices in 2008 are down nearly everywhere over 2007, but have they already begun to make a rebound? Take a look at these live charts from Trulia showing the past 12 months' trends in home prices from Westside Los Angeles through the Hollywood Hills and Los Feliz.
Wondering about your area? Give me a call and I'll help you sort through the data.
Tiffany Thompson (310) 776-0258 tiffany@tiffanyforhomes.com For more real estate information or to subscribe to my monthly e-newsletter, click here to sign up online.
|
|
||||||||||||||||
I'm always looking for more properties to add to my repertoire. If you've been thinking of selling your home, but
don't know where to start, give me a call. I'll walk you through the listing, selling and buying processes and make sure you have everything you need to make an informed decision. See the Seller's Resources section for more information. For more real estate information or to subscribe to my monthly e-newsletter, click here to sign up online.
|
|||||||||||||||||
