Real Estate 
General Topics affecting / related to the 1-4 unit Residential Real Estate Market
There are currently 40 blog entries related to this category.
Los Angeles Real Estate Summer of 2010: "You gotta pay to play"
Tuesday, June 22nd, 2010 at 12:27am. 178 Views, 1 Comments.
Facts of Todays Los Angeles Real Estate Market
Prices are stabilizing, Bank owned inventory is going down, Short Sales are increasing which means long wait times, the fiasco in Europe is causing interest rates to drop to ridiculous levels, this will be the last hurrah for low interest rates, I think they will go up to the mid to high 5's and everyone will complain because they are too high which will slow down sales volumes and potentially have a downward effect on prices. The buyers that think they are going to wait to buy because prices are about to collapse won't get what they want, prices will yo-yo but obviously nothing like the drop we saw from 2005-2009. If you can't afford a house for sale in the Los Angeles Real Estate market you want to be in…
Top 10 sought-after home features
Tuesday, June 22nd, 2010 at 12:20am. 288 Views, 0 Comments.
Inman News posted an article (see link below) with some interesting statistics compiled by Zip Realty about what homebuyers want and equally as important, what they don't want.
Top 10 most desired home features and the percentage of respondents who ranked the feature as high priority:
1. Garage or parking space: 86.8 percent.
2. Master suite: 78.9 percent.
3. Ample storage space: 72 percent.
4. Large or walk-in closets: 66.5 percent.
5. Guest bedroom: 66.4 percent.
6. Outdoor entertainment area: 64.3 percent.
7. Gourmet or updated kitchen: 60.6 percent.
8. Breakfast room or eat-in kitchen: 55.8 percent.
9. Large yard: 43.2 percent.
10. Wood floors: 40.8 percent.
And sellers should keep in mind not only what homebuyers want, but also what they…
Get your Los Angeles County Property Taxes Re-assesed Starting Today 6/1/2010!!
Tuesday, June 1st, 2010 at 1:51pm. 254 Views, 0 Comments.
Whats the one good thing about dropping home values?
Getting your property taxes re-assessed.
Today, June 1st 2010 is the begginning of the period that the LA County Tax Assessor will begin to review appeal applications for decline in value. The Assessors office has automatically begun to proactively review values from January 1 to June 1, to see if you Los Angeles County property assesment has been reduced click here . If you disagree with the value, the last day to file for a formal assesment appeal is November 30th, 2010.
This process can be done online now and there is no charge to have your property reviewed for re-assessment.
**FEDERAL TAX CREDIT EXPIRES APRIL 30TH 2010*
Wednesday, April 28th, 2010 at 5:14pm. 184 Views, 0 Comments.
The federal tax credit for home buyers is set to expire on April 30th 2010!!
Buyers and Sellers need to be in a purchase contract by this date and the transaction needs to close escrow by June 30th 2010 to qualify for this tax credit.
This a hard federal government deadline and it will _NOT_ be extended!!
2010 State Tax Credit for New and First-Time California Home Buyer
Thursday, April 22nd, 2010 at 1:59am. 423 Views, 0 Comments.
Guidelines for the 2010 Tax Credit for New & First Time Home Buyers have been officially posted on the California Franchise Tax Boards website:
http://www.ftb.ca.gov/individuals/new_home_credit.shtml
Highligts:
- Max $10,000
- Starts for escrows closed after May 1st, 2010 and before January 2011
- Total amount of allocated tax credit for all taxpayers may not exceed $100 million for the New Home Credit and $100 million for the First-Time Buyer Credit
- State will allocate money for the tax credits on a first-come, first-served basis
No more Taxes after Short Sales for California Home Sellers
Tuesday, April 20th, 2010 at 5:24pm. 437 Views, 0 Comments.
Sellers that short sale Los Angeles Real Estate no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law April 12th 2010, Senate Bill 401 generally aligns California's tax treatment of mortgage debt relief income with federal law. For debt forgiven on a loan secured by a "qualified principal residence," borrowers will now be exempt from both federal and state income tax consequences. The existing federal exemption is for indebtedness up to $2 million, whereas the new California exemption is for indebtedness up to $800,000 and forgiven debt up to $500,000.
"Qualified principal residence" indebtedness is defined as debt incurred in acquiring, constructing, or substantially…
IET Real Estate has moved!!
Monday, April 12th, 2010 at 4:44pm. 127 Views, 0 Comments.
New Office Address:
3745 Long Beach Blvd
Suite 200
Long Beach, CA 90807
Old Office Address:
4425 Atlantic Ave.
Ste B21-A
Long Beach, CA 90807
We moved but not far, per Microsoft Streets & Trips (Great mapping program) we're only 1 mile from our previous location.
Help Haitian Earthquake Relief Efforts by Buying or Selling your next Property with IET Real Estate Los Angeles
Thursday, January 14th, 2010 at 1:57pm. 284 Views, 0 Comments.
For the next 6 months IET Real Estate & our affiliated Mortgage Brokerage (IET Capital) will donate $100 at close of escrow for every transaction to emergency relief efforts for victims of the 1/12/2010 earthquake in Haiti.
Please help us help those in desperate need.
Element Loft Auction in Marina Del Rey - Panoramic Views from different vantage points on the building
Wednesday, December 9th, 2009 at 12:37am. 1111 Views, 1 Comments.
Click to open pictures in new window
Element Building Marina Del Rey Loft Auction Panoramic Views
Panoramic View from the balcony of Penthouse Unit 501
Northwest facing view from penthouse unit # 512
Southwest facing view from penthouse unit # 512
View North from 5th Floor
View of Common BBQ area from the 5th Floor
The turnout for this auction should be good, at my first info session 11/28/09 the classroom was only 30-40% full. When I went back 12/6/2009 the auction company had moved the class to a bigger unit and people were lined up out the door...
Auction is in 4 days, if you want to participate better register now!!
For information on how the auction is going to run see my previous post
View all photos of Element Auction Marina Del…
Whittier Real Estate Market Report Winter 2009
Tuesday, December 8th, 2009 at 9:27pm. 350 Views, 0 Comments.
Whittier California: Even in Winter, a Wonderfully Liveable Community
The holiday season is a great time to enjoy Whittier's own brand of winter cheer; and in keeping with the trends in real estate over the last few months, a choice time to buy Whittier area property.
Sales of single family homes in October 2009 in Whittier added up to 117, with the average sales price hovering around $370K. While the majority of homes sold for prices between 3% and 20% lower than those of a year earlier--October 2008--homes sold in the 90601 and 90602 zip codes actually showed a sharp increase in price, certainly great news for Whittier area home sellers!
The average listing price among Whitter area homes for sale at the end of November was $453K , with some 350…
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