If You Are Underwater with Your Mortgage on Your Luxury Home Consider a Short Sale

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There is a common misconception that short sales and foreclosures tend to take place only with homes in mid-level price ranges. But the truth is that upscale homes are also impacted by the same marketplace dynamics as anyone else.

Luxury Home Short Sales Require More Discretion At Times
The challenges at hand with a home that is underwater remain the same regardless of price range however some may argue that luxury homes requiring a short sale need an extra degree of discretion during the handling and overall process.

The Goal is to Get Homeowners Into a Financially Comfortable Home
In the many years of experience handling these types of sales on distressed properties we have been able to successfully get thousands of homeowners through these stressful situations and into another home. The most important factor to consider is the homeowners’ comfort level and ability to manage the new home financially.

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If you would like to explore your options and learn more about how we can help you through a distressed property situation, we invite you to contact us at 310-909-6769 today!

The Importance of Pricing Correctly

When selling your home, one of the most important aspects is pricing it correctly. If you price too high, you won’t get any offers. If you price too low, you’ll lose money on your sale.

Pricing properly from the beginning is crucial. We are in a competitive market and buyers want to find value in your home. That doesn’t mean you have to have the lowest price out of all your competition, but your home should be in good condition.

If you have any questions about how to get your home ready for the market or how to find the best price for your property, give me a call at 310.909.6769

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How Will the Rising Interest Rates Affect the West Los Angeles Real Estate Market?

As you may know, interest rates have been on the rise the last couple of months. While they are still at a phenomenal rate and historically low, we don’t know when they will increase again.

So, how do increasing rates affect you? The biggest impact is on buyers. Every point rate that increases, decreases buying power by $11,000. You are getting less house for your money.

It also, affects sellers. Because a buyer’s power decreases, fewer people will be able to afford your home. As a seller, you want to get as many potential buyers interested; this helps drive price up and get you the best terms and conditions.

So, if you are thinking of buying or selling, now is the time! Give me a call so I can help!

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West LA Summer 2013 Market Update

If you are interested in buying a home, check out our full home search.
If you are interested in selling your home, check out our free home value report.

Hello everyone! My name is Bridget Stuart; I am with Keller Williams in Santa Monica and I work with buyers and sellers all over the west side of Los Angeles.

What’s happening in our current real estate market compared to last year?

It’s amazing how much things have changed within the past year. We already saw the market improving a little bit last year, especially for sellers. In some ways last year was a little bit better than this year in terms of buyers being to get houses because things are a lot more competitive now.

There is so few choices for buyers out there. In some of our towns, we have inventory as little as six weeks! It’s remarkably competitive and a great time to be a seller; prices are up nearly 30% compared to last year.

If you are a buyer, the market is very competitive. We are seeing multiple offers, even on luxury homes. I just did an offer for an investor and there were 20 offers on the property after only being on the market for a day.

I would love to assist you with any of your real estate needs so please give me a call at 310.909.6769