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The Best Los Angeles Neighborhoods with the Most Personality
Los Angeles is a seemingly eternal expanse of concrete and asphalt. This urban environment retains a rich, diverse culture that stretches back hundreds of eventful years. It’s beauty in the form of beaches, bricks, colors, and people combines to create a spectacular mosaic.
It is undoubtedly a city, but LA’s sheer openness differentiates itself from places like Seattle, Chicago, and New York. Those places are built tall and centralized, while LA is vast and largely open. The many neighborhoods that make up LA all have their own personality, here is a guide to the best of them:
Find Everything You Need Downtown
Although LA is not known for its skyline, skyscrapers can be found in the downtown area. But the real beauty of Los Angeles is the expansive nature of the city.
However, while you’re in the area, you have to see Walt Disney Concert Hall in the heart of downtown. Spanning over three and a half acres, the stainless steel exterior speaks to the creative spirit that is so evident in this city. The venue is an iconic Los Angeles landmark and a dream to play in for musicians all over the world.
If you prefer to sip cocktails while reliving your childhood, head on over to EightyTwo. This massive arcade bar has over 50 rotating classic games and offers quality drinks at a reasonable price. Sushi lovers should be sure to swing through Little Tokyo just around the block for rotary sushi on the way home.
Find Out the Local’s Version of Hollywood in WeHo and NoHo
Hollywood is normally depicted as the haven for the world’s stars and a place where paparazzi prey. However, the reality is that it’s a tourist trap and entirely underwhelming. Get away from the crowds and experience Los Angeles’ true Hollywood in WeHo (West Hollywood) and NoHo (North Hollywood).
The trimmed palms and well manicured lawns of WeHo reflect the polished nature that the area embraces so well. It is the home luxury shopping, high-end clubs, and the largest LGBTQ community in LA. It is almost impossible to not have a good time here, the atmosphere is entirely friendly and constantly upbeat. While in the area, try to control your laughter at the Comedy Store, both Jim Carrey and Robin Williams got their start performing here.
NoHo is the artistic hub of LA. It’s here that you’ll find writers, actors, directors, and dancers all congregated around indie theaters talking about their last performance or audition. The night scene here is also fun and diverse. The Federal Bar, a gourmet gastro pub converted from an old bank, is a must see. Tasting the Latino flavors of street vendors around the neighborhood is also a great idea.
Experience the Radiating Energy of Venice Beach
Venice Beach is home to the world famous Muscle Beach and possibly the most exciting boardwalk on the West Coast. It also has canals designed to mimic the Italian waterways from where it derives its name. Loud and vibrant, Venice Beach is capable of broadcasting its energy across the city.
The walk-up beach bars, hundreds of murals, and surf shops are emblematic of the carefree SoCal attitude that so many visitors wish to immerse themselves. The area’s energy is unique and extremely infective. It’s one of those places that leaves a lasting impression on every visitor.
Fall in Love With the Santa Monica Pier
Just up the beach you’ll find Santa Monica. It stands in fairly stark contrast to Venice, boasting a quieter lifestyle and a picturesque California beach. But how could we forget about the world famous Santa Monica Pier?
The pier is the thing to see while visiting. You’ll want to get here with an empty stomach as it has restaurants offering everything from seafood that was caught that day and authentic Italian food. You’ll forget all about the gorgeous beach below as you continue to indulge in the succulent samples of fresh, buttery lobster and the refreshing tastes of tequila margaritas offered at the pier. There’s even an amusement park located right above the crashing surf.
As you can see, this city is comprised of many different neighborhoods all with their own unique personality. Whether you’re looking for a gut busting laugh, delicious seafood, or beautiful beaches, Los Angeles has all you could ask for. The only question left to ask is, when are you coming out to experience everything the City of Angels has to offer?
Home Values - Who Do You Trust?
When you are sick, you go to a doctor! When your tooth hurts, you go to a dentist! And when you are ready to buy or sell your home and move, you call Laura. Probably the biggest question on the mind of every homeowner is “how much is my home worth”. You may be surprised to know there are several different ways you can find out: Here are some of them:
Free Online Estimates: Free appraisal sites offer quick estimates of home values based on analysis of publicly available information, such as tax records. However in my professional opinion these sites are very inaccurate. I have put in addresses of properties in neighborhoods where I KNOW the values and I have never gotten a correct value! STAY CLEAR!
Fee-Based Online Appraisals: Some online sites offer property valuation reports you can download for a fee. These are computer-generated analyses based on publicly available information, so they may be useful only if you don't want to spend time looking up records yourself. But once again, you do not want someone who does not know your living area to give you a general price quote!
Real Estate Comparative Market Analyses: Comparative market analysis, or comps, are reports prepared by real estate professionals that estimate a selling price for your house. They're based on the agent's knowledge of the area as well as asking prices and recent sale prices for comparable properties in your neighborhood. Th
Home Appraisals: A full professional appraisal is a must if you're applying for a loan and is always going to be the most precise evaluation of your home's worth. Keep in mind that a good appraiser isn't in a position to profit from the appraisal, and his or her fee will be based purely on time and expertise.
Understand Before Signing Contracts
Real Estate contracts are legally binding! Make sure you are able to read and understand them BEFORE you sign or are ready to proceed with buying or selling!
Ask for a copy of the contracts ahead of time so you have plenty of time to sit and discuss them with your agent!
I give my clients copy of them before we begin, then we have a sit down and discuss them!
Real Estate is a huge transaction, isn't it worth your time to know what you are putting the pen to paper?
Types of Real Estate Sales - Coffee Time with the Realty Goddess
https://youtu.be/swxL643JKYw
When you are purchasing a home you will come across many different "types" of sales. Short-Sales, Stand, HUD, Trust, REO...it can be confusing. This broadcast will look into the terms and untangle the mystery.
If you are in the Los Angeles area, I would love the opportunity to earn your business.
Laura Key, REALTOR Cal BRE 01908085 Laura.A.Key@gmail.com www.KeyCaliforniaHomes.com
Follow me on: Periscope & Twitter: @RealtyGoddess Snapchat: @RealtyGoddess Instagram: @realtygoddess1 Facebook: www.Facebook.com/RealtyGoddess
How To Find A Realtor (Buyer)
[youtube https://www.youtube.com/watch?v=Hf7vgVU_IGs&w=420&h=315] Did you know most people choose a Realtor by spinning the wheel of fortune? When you are buying a home, you really should take the time to interview agents to help your buying experience the most enjoyable as it can be.
Did you know not all agents work the same? Some don't work weekends, some don't want to work with buyers, some only work certain hours of the day, some are part time, etc. But how will this benefit you when you are working hard to find the home of your dreams.
Interviewing agents is a extremely important part of successfully buying a home.
Enjoy the above Periscope broadcast to learn a few things when choosing a Realtor! (recorded March 19, 2016)
Please note I have a correction: If an agent tells you they will not let you out of a buyer's agency, please think long and hard before signing.
Follow me...
Snapchat: @realtygoddess Periscope & Twitter: @realtygoddess Instagram: realtygoddess1 Facebook: www.Facebook.com/RealtyGoddess Website: www.KeyCaliforniaHomes.com
The “KEY” to your real estate dreams!
Lots of Los Angeles Real Estate Agents want to be stars as big as the celebrities they cater to. Me? I just want to help people find the homes that make them happy and help them to create a sanctuary for future dreams and lasting memories.
Laura Key 310-866-8422 Laura.A.Key@gmail.com Cal BRE #01908085
Finding Extra Space In Your Home!
Look how much extra storage space can be
gained when you install toe-kick drawers!
Find your next home with me! Text LKHOMES to 87778 to download the MLS on your mobile phone,or visit http://87778.mobi/lkhomes to download the FREE app on your iPad/Tablet
Repurpose An Old Door
You would be surprised what you can do with old items that normally put in the trash! Great imagination!
An old door as a bookshelf - brilliant!
Find your next home with me! Text LKHOMES to 87778 to download the MLS on your mobile phone, or visit http://87778.mobi/lkhomes to download the FREE app on your iPad/Tablet
Laura Key - the Ultimate Answer to All Real Estate Needs (Press Release)
Laura Key - the Ultimate Answer to All Real Estate Needs
In the world of cut throat competition and greed where every penny is considered precious, Laura Key uses her heart while doing business. The real estate specialist has decided to donate $100 in her client’s name after the closing of every deal.
Los Angeles, CA -- (SBWIRE) -- 12/13/2013 -- Everybody has heard of real estate agents who brag about finding homes for celebrities, later using that as a tool to promote themselves and increase business. But, Laura Key is a REALTOR® with a difference, she is not only one of the most competent realtors that one can find around the Los Angeles and Beverly Hills area, but one of the very few realtors who has an inclination towards social service.
She has decided to donate $100 to one of the five non profitable organizations in the area, every time she closes an escrow- that too in the client’s name! Inspired by the popular quote- “Charity begins at home, but should not end there.” By Thomas Fuller, she makes sure that she is fulfilling her social responsibilities and returning a percentage of what she takes from it.
Making a business deal with Laura Key is one of the most convenient things to do. Unlike her competition, she is a professional who will provide her personal touch to understand every requirement that her client has. Her mobile application enables the users to find homes without having to compromise much on their busy lifestyles. They can find new homes or homes for sale from wherever at any given point in time. Her objective is to make sure that her clients have found their dream home where they can make memories at an affordable price. Her prices are genuine and the services that she provides are worth much more.
About Laura Key A prominent name in business for over seven years, Laura Key is a prominent name in the real estate business. She is a compassionate, enthusiastic and dedicated woman who will happily go the extra mile to make sure that her clients are satisfied with the outcomes of the deal that they strike with her. She understands that a home has a lot of sentimental value to the inhabitants and look at it as a place for solace, peace and comfort.
Media Contact: Name: Laura A. Key e-mail id: Laura.A.Key@gmail.com Ph. No.: (310) 866-8422 Website: http://www.KeyCaliforniaHomes.com
Find your next home with me! Instant and free access to the MLS! Text LKHOMES to 87778 or visit http://87778.mobi/LKHOMES! Available on Smartphones and Tablets!
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Tree Hugging REALTOR®
This weekend I had a wonderful time previewing homes in Hancock Park. You would think that since I see so many homes with clients the last thing I would want to do on a rare off Sunday is go see more homes! Sometimes you find treasures worth more than gold. Such is the finding of this fabulous tree. This great maze of branches and leaves still lives behind a multi-million fixer upper.
The minute you see this fallen beauty you know it has stories to tell. Children climbing it's branches, picnics under it's once upright limbs. You just don't see things like this everyday. And even though this old tree has fallen, it will still have many stories to tell. I do hope that the new owners leave it right where it is, so it can create future stories for all to wonder at.
There is something so rare, so beautiful and so peaceful about standing beside it. I could not fit the whole tree in a single photo. Look at the first photo, you will see the base and some of it's exposed roots.
Memories, precious memories this tree holds! I feel all the more wiser just for seeing this classic beauty!
Ready to start making memories of your own? Find your new home today! Text LKHOMES to 87778 for your FREE. Or call me today and let's get started on your personal journey! 310.866.8422
Hancock Park, Memories, California Homes, Holiday Joy, Childhood Dreams, Trees, Old Trees, Wisdom, Peace, Peaceful, Joy, Majestic, Realty Goddess, Realtor Goddess, Real Estate Agent, #1 Agent, Windsor Square, Mid-Wilshire
Hard at Work In Real Estate
Looking for A New Home? Text LKHOMES to 87778 to get instant free access to the MLS! Or Call me at 310.866.8422
Homes are turning over quickly in Los Angeles! Let me work hard for you!
California Real Estate, Los Angeles Homes, Homes for Sale, Larchmont Homes for Sale, Hancock Park Homes for Sale, Windsor Square Homes for Sale, West Hollywood Homes for Sale, Koreatown Homes for Sale, Realty Goddess, Top Los Angeles Real Estate Agent, Real Estate Agent, Realtor, MLS, Home Search
FHA Limits for Los Angeles Area
Homeownership is not out of reach. FHA limits in California are one of the highest in the country. I have great lenders that can help you reach your real estate goals! Call me to get started on your homeownership goals!!! Laura Key 310.866.8422
Here are the current limits for Los Angeles (as of August 23, 2013) FHA allows 3.5% downpayment over a 15 to 30 year term!
Single Family $729,750
Duplex $934,200
Tri-Plex $1,129,250
Four-Plex $1,403,400
Source: FHA.com
More Renters Say They Want to Own, Survey Finds
Interested in purchasing a new home! I have a team that can help you reach your real estate goals! Call me today! Laura Key 310.866.8422
The majority of renters say home ownership is one of their highest priorities for their future, and more renters are saying they want to buy soon, according to the 2013 National Housing Pulse Survey, conducted by the National Association of REALTORS®. Renters are showing stronger desires for home ownership compared to recent years, according to the survey.
“Home ownership matters to Americans who consistently realize the many benefits it provides to communities, families, and the nation’s economy,” says NAR President Gary Thomas. “Due to high housing affordability and today’s interest rates it makes sense for people to consider home ownership over renting. In fact, in many parts of the country it’s cheaper to own a home than to rent one. Therefore, it’s no surprise that renters recognize that owning a home offers tremendous long-term benefits and is an investment in their future.”
Fifty one percent of renters say that eventually owning a home is one of their highest personal priorities, up from 42 percent in the 2011 survey.
The survey found that 80 percent of the 2,000 Americans surveyed say they believe buying a home is a good financial decision. Sixty-eight percent said now is a good time to buy a home, too.
Their main motivations to home ownership: Building equity, wanting a stable and safe environment, and the freedom to choose where to live, the survey found.
Meanwhile, the main obstacles to home ownership have remained the same over the years: saving for the down payment, closing costs, low wages, and student loan debt.
“Student loan debt is a concern for many consumers in today’s market, especially first-time buyers,” Thomas says. “Buyers with student loan debt may find it difficult to access mortgage credit, as well as save for a down payment. Pending mortgage finance regulations requiring higher down payments could also contribute to the already tight lending environment. REALTORS® are working with regulators to address this issue and are committed to making sure those who are willing and able to own a home have the opportunity to pursue that dream.”
IRS Simplifies Home Office Deduction
Working from home can be beneficial! Hope these tips help! Need a home checkup? Call me Laura Key 310.866.8422
The number of home owners who work from home at least one day a week increased nearly 10 percent — from 9.5 million to 13.4 million — between 1999 and 2010, according to U.S. Census Bureau data. However, only 3.4 million home owners claimed deductions for business use of a home in 2010, according to the IRS.
The IRS recently announced a new safe harbor provision for home office deductions for the 2013 tax year.
“This allows at-home workers the option to simply take a deduction capped at $1,500 per year based on $5 a square foot for up to 300 square feet,” FOX Business reported. “The requirement that home office space be exclusively used for business and limitations on income earned from that business still applies, and direct business expenses unrelated to the home (advertising, supplies and wages paid to employees, etc.) are fully deductible.”
"The home office deduction is one of the most misunderstood and abused deductions out there," says Margaret Munro, a tax consultant, about the changes. "If you have a valid home office, you take the deduction because you shouldn't be paying tax on money that you're using for your business."
For more information on the deduction, visit the IRS Web site.
Source: “IRS' Simpler Home Tax Deduction Cuts Through the Clutter,” FOX Business (July 24, 2013)
Sellers Jack Up Price After Offer is Accepted
Until a contract is SIGNED it is not accepted! Be very careful when "words" or a simple "handshake" is used! It might come back to haunt you! Laura Key 310.866.8422
Some home sellers are accepting a buyer’s offer, even having a contract drawn up, only to ask for a higher price a few days later.
The move called “goalpost-shifting” is becoming more common in competitive markets with limited inventories of homes for sale, The New York Times reports. Some sellers keep the bidding on their homes going even after they’ve said they'll accept an offer from a buyer.
The New York Times describes a recent incident where a buyer offered $912,000 for a condo that was originally listed for $800,000, which had attracted more than a dozen offers. The seller accepted the buyer’s offer and a contract was written. However, a few days later the seller notified the buyer that the price had increased to $995,000. The buyer refused to increase his offer, and lost out on the unit. The seller ended up selling to another buyer who offered $1.1 million.
The practice is controversial, but The New York Times quotes brokers who note that buyers are learning a tough lesson: Until signatures are on a contract, a deal isn’t done. Also, they note the buyer is generally given the opportunity to increase their offer. However, other agents say it’s a greedy move on sellers’ part and that once sellers give their word, they should honor it.
“It’s surprising how ugly it’s getting,” says Robert Frankel, a real estate lawyer who frequently handles closings. “If you don’t hear back about a contract in two days, there are usually some shenanigans going on.”
Source: DAILY REAL ESTATE NEWS | MONDAY, JULY 22, 2013
The Real Estate World is moving and shaking, make sure you have an expert to help you during these times. Call Laura today! 310.866.8422
5 Home Inspection Red Flags
Inspection is always a good way to see the bones of your new home! Do not ever skimp on inspection! Laura Key 310.866.8422
A home inspection is a buyer’s opportunity to see if any problems lurk that may prove expensive to fix later. Home inspections nearly always uncover something in a home to watch for or minor repairs needed. But what repairs should buyers especially be alarmed about that could possibly send them back to the negotiation table? Tom Kraeutler of The Money Pit, a nationally syndicated radio show on home improvement, points out some of the following home inspection red flags:
- Termites and pests: The sooner termites are detected, and steps can be taken to get rid of them, the better.
- Drainage issues: A home that has poor drainage can have wood rot and wet basements and crawlspaces, which can then lead to major mold growth.
- Mold: Pervasive mold growth may indicate an issue with improper ventilation issues and can also cause health issues to those living in the home.
- Faulty foundations: A cracked or crumbling foundation could be a very expensive repair.
- Wiring issues: Outdated wiring or overloaded circuits can pose a fire hazard.
Source: DAILY REAL ESTATE NEWS | MONDAY, JULY 22, 2013
Call me today! Let's get you started on making your home dreams come true! Laura Key 310.866.8422
Where Asking Prices Are Rising the Most
California is rising fast, yet it's not at the highest it's ever been. Interested in buying or selling! Let me assist you in reaching your real estate goals! Laura Key 310.866.8422
Median list prices in May edged up 2.10 percent month-over-month, as housing inventories also were on the rise, creating a greater balance between supply and demand, according to realtor.com’s latest Real Estate Health Report.
The nationwide median list price was $199,000 for May, and up 4.79 percent year-over-year.
"We are seeing large regional markets across the country leading the way to national recovery. These regions are acting as a microcosm for what's slowly happening in the larger real estate market," says Steve Berkowitz, chief executive officer of Move. "Overall, we're seeing seller confidence beginning to respond to consumer demand. Nationally, there are more homes going on the market for a shorter amount of time. And this is happening in our hot markets on a much larger scale."
California housing markets are seeing some of the highest median price gains. The following 10 markets have seen the highest year-over-year list price gains:
1. Sacramento, Calif.: up 42.45%
- Median list price: $284,900
2. Oakland, Calif.: up 38.27%
- Median list price: $495,000
3. Detroit, Mich.: up 31.73%
- Median list price: $125,000
4. San Jose, Calif.: up 30.58%
- Median list price: $679,000
5. Los Angeles-Long Beach, Calif.: up 27.80%
- Median list price: $428,000
6. Fresno, Calif.: up 27.48%
- Median list price: $219,900
7. Phoenix-Mesa, Ariz.: up 27.03%
- Median list price: $235,000
8. Stockton-Lodi, Calif.: up 25.63%
- Median list price: $199,750
9. Reno, Nev.: up 24.23%
- Median list price: $235,900
10. Santa Barbara-Santa Maria-Lompoc, Calif.: up 24%
- Median list price: $775,000
Source: realtor.com®
Search for your next home for FREE! Click below!
Laura Key
Realty Goddess
Laura Key on CBS News
Bankruptcy And Buying A House - Is It Smart To Buy A House After Bankruptcy?
Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home.
Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home.
Reasons to Delay the Buying Process after Bankruptcy
If you consult with mortgage or financial experts, they will likely discourage you from buying a home following a bankruptcy. After your bankruptcy is discharged, there is a black cloud that looms over your credit report.
When any prospective lender reviews your report, they will be notified of your recent or past bankruptcy. In some instances, this justifies an immediate denial. On the other hand, there are lenders eager to help you establish or rebuild your credit. Thus, they will approve a loan request. Nonetheless, the penalties are steep.
Higher mortgage rates can be anticipated when purchasing a home after bankruptcy, especially if you have not established other credit accounts. Mortgage lenders consider two factors: credit scores and credit reports.
Although a bankruptcy appears on your credit report, having a high credit score will increase your odds of getting a comparable rate. Unfortunately, if you buy immediately following a bankruptcy, you will not have the opportunity to boost your score.
Reasons to Buy a Home after Bankruptcy
Lenders will approve mortgage loan applications one day following a discharge. Therefore, it is possible to get a home after a bankruptcy. Buying a home is perfect for rebuilding credit. Moreover, it is the quickest way to increase your credit score.
After a bankruptcy, the average person has a credit score below 600. Good credit consist of credit scores 650 and above. Maintaining current mortgage payments will gradually increase your score. After two years of regular payments, you will have established a good payment history. Hence, you may qualify for a low rate refinancing, which may lower your mortgage payments.
Ready to search for your new home? Start here!
Crenshaw Line Is Really Coming! - Green Line
After a long haul and many battles the Green Line is coming to Crenshaw!
Not sure how much you have been following along but the Crenshaw District IS getting its own Light Rail/Subway. Last week the planned light rail received a boost from the Metropolitan Transportation Authority staff recommending a $1.27 billion contract to build the line. The Line will begin at The Aviation Station along the Green Line, travel north along La Cienaga( meet a soon to be people mover at Century Blvd that will that take travelers directly into the soon-but-not-too-soon Grand Terminal at LAX), touch the eastern tip of Westchester with a station at Hindry to serve the Westchester community. The Light Rail will hit a slight right along Florence, cutting through Downtown Inglewood and finally hitting Crenshaw Blvd in Hyde Park at Crenshaw and Florence. The train will continue north along Crenshaw all the way to expo, submerging underground after Slauson Ave. with a subway stop at Leimert Park at or around Vernon amd another subway stop at MLK Blvd with a underground entrance to the Baldwin Hills Crenshaw Plaza. Bravo!
On June 27, the full Metro board is scheduled to vote on the contract and whether to approve Walsh/Shea Corridor Constructors as the contractor.
Source: SouthLA: Crenshaw on the Move
5 Things You Should Know Before You Flip A Property
Money is made at the buy, not the sell of your flip. When flipping a house your money is made at the purchase not at the sell of the house. So, many times people buy a house with the intentions of making a huge profit only to find out that they could not make any money after all the renovations because the purchased price of the house was to high.
1. Money is made at the buy, not the sell of your flip. When flipping a house your money is made at the purchase not at the sell of the house. So, many times people buy a house with the intentions of making a huge profit only to find out that they could not make any money after all the renovations because the purchased price of the house was to high. When you purchase your property you need to be sure that you buy the house with enough money to make renovations, have carrying cost, and add about 5 $6,000. Now, cost is at $147,000, and that is if everything goes as planned. Profit is under 10,000 dollars. The mistake was made at the purchase at the home, not the sell.
2. Get an inspection on the home - Get a complete inspection done on your property. By, spending a few hundred dollars on this expense you can save thousands in problems that you cannot see. Foundation, Pest, Wood Rot, Etc... By, getting a full inspection you can rest assured that you know every thing that is wrong with the property before its to late. In the contact for the house you need to make sure that you have 7 days to have a inspection preformed, and if the inspection finds problems that are going to cost more money that you are willing to spend you can get out of the contract with no penalties.
3. Don't do the work yourself: - Get a contractor or several sub-contractors and have the work done quickly. You need to have you house flipped ASAP, so that you can get it on the market and get it sold. When I started flipping my brother and me did a house together, and we did all the construction. I had a construction background and figured it would save thousands, but it took us over 4 months to get the work done that a contractor could have had the work done in a month. But, we trying to save money on our flip did all the work on our time off and after work, and it just took to long. On our 2'nd flip we used contractors for almost everything and had the house completely flipped with a new roof, new air conditioning, new hardwood, and much more in only 3 weeks. We did not have to spend all our time working on the property and were able to spend that time looking for the next deal. This is how you get rich in real estate.
4. Place the property 1 to 2 percent below market value: If you are wanting to flip real estate and make money the object is to buy and sell the property as quickly as possible, so that you can move on to the next house. If you purchase a house and try to sell it at top dollar to make and extra couple of thousand dollars on your flip, and end up holding it for 6 months you are loosing money. Get the house on the market at a price that is going to blow the competition away, and you will sell it no matter what the market conditions. On our second house the market for selling house went down do to the housing market as a whole, and the tightening of the loans across America. We were told that you could not sell a property in this market, but we went ahead anyway and flipped our house. After 3 weeks on the market we had 3 people wanting to buy the house. Why, because we offered it at such a great deal that people wanted to jump on it. That is what you have to do especially if the market is slow.
5. Use a real estate agent - Do not try to sell you house on your own. Harness the power of a real estate agent and the power of the MLS system. When you do a FSBO you are depending on people driving by your house and seeing you sign, with a real estate agent you have someone actively marketing you house to get it sold. Once again this will free up more time for you to look for more great deals. If you want to help the process I have found that craigslist and listing you house in google adwords help to, but use these tools with the help of a agent such as Laura Key to make sure I have all my bases covered.
I hope this article has been helpful with the basics needs of flipping a house. If you will study and learn you will make money. But, do your homework before you purchase a house, and make sure that you can pull a profit on your deal. Then, make it happen! I am a Investor Friendly Agent, let's get you some deals! Laura Key 310.866.8422
Laura Key on CBS News
Great Burbank HUD Home! 2 Bed 2 Bath
HUD Homes are a wonderful way to purchase your first home! Most are FHA approved and don't need much work at all. Make sure you use a HUD experienced agent as myself! I have helped many families obtain their Home Dreams with HUD! Call me today for more info! Laura Key 310.866.8422
