Articles -Buyers
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How Much Home Can You Really Afford? 06-01-2015

The current real estate market has led to frustration and anxiety for many potential buyers. Having good credit scores, enough funds for down payment, and adequate loan pre-approval is often not enough for them to succeed in buying the ideal home when it comes on the market.

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Why Your Purchase Offer Was Not Accepted 05-01-2015

There are a variety of reasons that buyers’ home purchase offers are not successful.  The price, of course, is most commonly why a seller does not accept a buyer’s offer.  However, it may be worthwhile considering other factors that may be involved. Perhaps another rejection could be avoided, or at least the odds of success increased.

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Are The Holidays A Good Time To Buy Or Sell A Home? 12-01-2014

Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period?  Conventional belief has generally been that November-December is the worst time of the year to have a home on the market.  The reasons for this thinking are that people go on vacation, holidays distract attention, bad weather may inhibit some buyers, and many real estate agents discourage home sellers from winter listings.

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Today's Home Purchase Process 10-01-2014

Although the same contract forms are used in the selling and buying of a home, the process and timing are not at all the same. Sellers often decide to sell within a few months of actually putting their home on the market, whereas most buyers begin their search for a new home 6-18 months before they contact a real estate agent.

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Leasing During a Remodel 05-01-2014

When people decide that their home no longer works as well as it had, they may choose to sell  and  buy a larger place, or perhaps they are ready for a lifestyle change that involves moving out of the area. Others may really love their location, but find that the current layout or size of their home has become too challenging to live with. The choice becomes either to move or to remodel their current home.

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Buyer Do's and Dont's 02-10-2014

Although the Palisades housing inventory has increased somewhat since its near-historic lows in December, there is still a serious shortage of homes available in most price ranges of our highly desirable neighborhoods. We continue to see a substantial number of all-cash buyers, people coming with investment capital from overseas, and all-cash investors still on the hunt for suitable properties.

 What does a buyer need to do in order to increase their odds of succeeding in such a difficult market environment? There are several actions that will significantly increase the probability of success.

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Palisades Housing Market - Looking Back and Forward 01-03-2014

As we begin 2014, the number of homes available for sale in Pacific Palisades is as low as it has been since the end of 2004.  There are only 54 homes on the market, which is the same level of supply as at the beginning of 2013. Due to the high demand for Palisades houses especially under $2 million, the average list price is almost unbelievably 50 percent higher than it was 12 months ago.

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An Unprecedented Market 11-15-2013

Real estate prices in the Palisades have continued a steady and much stronger increase than could reasonably have been expected. Fueled by a historically low cost of money, the number of homes sold in 2013 is 20% greater than last year. This has resulted in prices being about 15% higher than last year.  As long as the number of homes available for sale is less than would be sold in 4-6 months, the upward pressure on prices is likely to continue.

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A Close Look at the Current Palisades Market 10-01-2013

We are often asked, “How is the market doing now? Where do you see it headed?” The answers to these questions have been relatively easy to give for the last year or so. Today, however, this is not at all an easy subject to fully understand.

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Palisades Home Leases 09-16-2013

There continues to be much interest in the local real estate leasing market.  Owners who choose not to sell their current property for various reasons have asked what is involved and how the process works if they decide to lease. We are also asked if this is a good area to purchase real estate for long-term investments and if the income from leasing would be enough to justify the investment.

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