IET Real Estate Los Angeles Blog

 

Though the lockdowns in LA have lasted longer than any of us would have hoped when this all began, I've used all that extra time at home improving my skill set as a real estate professional. I now have two new certifications under my belt that will allow me to better serve my clients. 

Accredited Buyer's Representative Designation

 

Seller Representative Specialist 

Receiving the ABR designation from the Real Estate Buyer's Agent Council and SRS certificate from the National Association of Realtors means that I'm now even better prepared to represent my clients buying and selling residential real estate. The new tools I've added to my kit allows me to handle your transactions with the utmost discretion and professionalism above and

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Since the pandemic began and Los Angeles restaurants were forced to close in-person dining, they've been struggling to stay afloat through take-out and delivery. With no hint of a restaurant industry federal bail-out coming in the foreseeable future, many beloved neighborhood spots have already been forced to close after treading water for six months.

Many of us in the community are left feeling powerless, but one small thing we can do is make it a point to support local restaurants instead of chains. Here is a list of some of our favorite East Side restaurants that you can visit for outdoor dining, or, if you're not comfortable with that just yet, for delivery or take out. 

1. Rockwell Table and Stage

The Rockwell in Los Feliz is known for

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California was teetering on the edge of a major eviction crisis on August 31st. Federal eviction protections for those affected by COVID-19 were set to expire on September 1st, and that would mean a tidal wave of people being forced out of their homes. But then the state legislature passed the AB3088 renter's protection bill, which would protect some renters from eviction through January 31st. 

Then, at the literal 11th hour, just before midnight, Governor Newsom signed the bill which then went into effect immediately. 

To fall under the bill's protection, a renter must still pay at least 25% of their rent and file a declaration with their landlord stating that their failure to pay is directly related to financial hardship caused by the

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Many are tempted to "test the market" by pricing their home higher than it's worth. Sellers think, "if it works and someone buys the house, great! If not, no big deal, I'll take the lower offer." But in these times, there probably won't be a neutral outcome, instead, overpricing your home can actually have a negative affect. 

Today, real estate professionals consider the strategy of testing the market to be dead and done with. Here's why you should price your home accurately:

You Guessed It...COVID-19 is a Big Factor

New safety measures to protect buyers and agents from coronavirus have created a lot more hoops to jump through if you want to check out a house for sale. You have to set up an appointment, fill out disclosures, and submit

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Charming and pristine 3br/2ba home in a quiet, up-and-coming Harvard Park neighborhood in South Los Angeles. After an extensive renovation in 2015, this beauty is move-in ready. The detached garage has great ADU potential for buyers interested in bringing in rental income. Enjoy the California lifestyle in the spacious backyard that includes lemon, tangerine, peach, and avocado producing fruit trees. 

For more information including details on the renovation, additional pictures, and price, contact us here! 

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Enjoy some peace and quiet in the middle of bustling East Hollywood. This 2br/1ba detached back house is the rear unit of two on a deep lot that is gated for maximum privacy and security. With a dedicated 1-car garage, storage space, private laundry area, yard space, and no shared walls, this home feels more like a Single Family Residence than an apartment. Plus, an independent HVAC system means no cross-contamination with the other unit. 

Built in 2014, the home feels sleek and modern with white oak hardwood floors, dual paned windows, insulation for temperature and sound, tankless h2O heater, shared backyard with veggie garden, central heat & air, W/D hookups in garage, wired for internet and security alarm.  A large 4'x4' skylight provides

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Surprisingly spacious, this 1920s California bungalow duplex has all the history and character you could want in the most prime area of Elysian Heights. This 1,623 square foot, 2-story property sits in the hills above Echo Park, mere steps away from Valerie Confection. It's a short walk to Echo Park Lake, the renowned local restaurants and bars on Sunset Blvd, or an easy drive to Dodger Stadium and Downtown. 

For more details and pictures, check out the complete listing information here! 

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The pandemic has made practically every company rethink how they operate in an effort to keep people safe. When Los Angeles was on full lockdown, the real estate industry pivoted to virtual home tours and open houses. Now that social distancing measures have been relaxed, looking at properties in person is possible again, but it's still not safe to go back to business as usual.

At the beginning of July, the Departments of Public Health and Cal/OSHA revised safety guidelines for real estate professionals conducting showings during COVID-19. If you decide to go house hunting (and now's a great time to do so with mortgage rates being historically low) here's what you can expect.

Walk-Ins Not Welcome

Open houses might not be strictly virtual now,

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Yesterday, Governor Newsom reinstated closures on most businesses in California, and on July 25th, the $600 weekly unemployment aid is set to expire. As coronavirus cases continue to surge in LA County, a renters relief program is desperately needed for so many out of work Los Angelinos who are on the brink of eviction. 

This month, the City of Los Angeles announced they would be allocating 103 million dollars for renters in need. Unfortunately, renters have to act fast, as the application window to receive a piece of that money is a mere five days, from Monday the 13th until 11:59 PM this Friday. Another caveat is that this assistance sum is expected to help up to 50,000 households, though the city anticipates there will be many more applications

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Prior to the pandemic, many small businesses in Los Angeles were struggling under the weight of soaring rent prices in the city. Now, entrepreneurs are being crushed by lockdowns with little hope that the federal government will swoop in to offer some relief, forcing them to figure things out for themselves. 

One option for micro-entrepreneurs, small businesses, or non-profits in the area is to apply for a grant through the LA Regional COVID-19 Recovery Fund. The fund has 3 million dollars available to disperse in $5,000 to $15,000 increments. Unlike the federal PPP loan program that "small" businesses (like, ahem, Sweetgreen and Shake Shack?) could apply for, the selection process for this grant will be through an equitable, weighted lottery

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