Were you about to put your house on the market just before the pandemic began? Like so many other expectations people had for 2020, coronavirus surely threw a wrench into those plans. 

These crazy few months have also made people rethink how they're living their lives. Maybe you're realizing that in these uncertain times you want to leave the city and move closer to your extended family so you and your kids can see them more regularly. It's at least a common thought many are having considering online home listing views have shown that there's a renewed interest in migrating to the suburbs.

No matter your reason for wanting to sell, you've probably held off because you're afraid that you won't be able to make a return on your investment. During…

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As states begin the slow process of reopening, there remains plenty of uncertainty about how to approach the process of buying and selling homes. 

After all, the coronavirus has impacted every industry in the U.S., and that includes the real estate industry. This is why many homebuyers have wondered whether it’s even possible to still close on a house during the coronavirus pandemic.  

The good news is that you absolutely can—you just need to be a bit more flexible and prepared than perhaps you would be during normal times. 

Here’s what you need to know.

You’ll want to get a coronavirus addendum in your contract

One of the most critical home buyer precautions to take if you’re closing on a house during the pandemic is the need to…

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Since the COVID-19 pandemic, over 1 million people in Los Angeles Country have filed for unemployment. With the economy taking a hit that will likely require years to recover from, it seems like the natural effect would be that housing prices begin to drop. After all, during the 2008 recession, the median price of a home reached a 30 year low. 

But while LA and the country at large have seen a big dip in home sales, the prices have stayed the same. The median listing price of a Los Angeles single-family residence has actually gone up 3% since last month. How could this be?

2008 vs. 2020: Supply and Demand 

Housing prices reflect the balance of supply and demand. Just before the economic collapse in 2008, predatory mortgage lending drove up…

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As stressful as this time is for everyone, quarantine has allowed for some extra opportunities inside to play catch-up: on reading, hobbies, or maybe to finally finish those last few seasons of The Wire... For me, I've been using this time to increase my skillset and ability to competently serve my client base. 

I was recently presented with this certificate after completing the Accredited Buyer's Representative Designation Course, and will soon be completing two other courses for certification. 

 

If you're looking to buy or sell a property, you should find a real estate agent that is constantly working to level up their knowledge and skillset because this is an ever-evolving industry, especially now. Contact me today to learn how we can save…

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Here are the latest statistics from the East Hollywood neighborhood real estate market. Check back to our blog often to find market reports from other neighborhoods in the Los Angeles area. 

  • The Majority of Single Family Residences in this area are sold as tear-downs for land value to developers to turn into multi-family apartments.
  • There were no active condo or townhomes for sale in East Hollywood as of May 11th, 2020. The Cha Cha Cha development in Virgil Village has completely sold out with the last unit in escrow as of May 5th, 2020, per listing agent Joy Bolger of Compass.
  • Long Term Rental Activity numbers only reflect MLS activity, many rentals are listed and leased without using the MLS via yard signs, Zillow Rental Manager,…

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The economic shutdown due to COVID-19 has caused a lot of devastation and confusion in the real estate and mortgage industries. There's a lot of conflicting information out there, and it can be difficult to find the answers you desperately need.

That's why we created this Los Angeles Real Estate COVID-19 Resource Page for property owners, property managers, and renters in the area. 

Of course, these resource links won't have all the answers you're looking for because everyone's situation is different, especially now. So if you have any real estate or mortgage questions, we'd be happy to set up a phone call or Zoom meeting to discuss any issues that have come up due to the economic shutdown. 

It's important that people come together during…

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Practicing social isolation is the most important thing we as a nation can do to "flatten the curve" and minimize the impact of COVID-19. Luckily, in the age of Netflix, there’s no shortage of things to watch while you’re housebound. 

But if we’re going to be stuck inside for a while, and it’s becoming likely that we will, we’re going to need more than just TV to get us through this. If you need some help thinking of ways to entertain yourself and your loved ones during social isolation, here are 10 ideas. 

1. Write Cards and Letters to the Elderly

This is a scary time for everyone, but no doubt it’s even more so for the elderly. They need love and comfort more than ever right now.

Making cards to send to nursing homes is a great…

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With the coronavirus spreading rapidly, those who host Airbnb or other short stay rental properties probably have more reason to worry than the rest of us. 

For one, many people are canceling their travel plans in light of the virus spreading, which means a loss of income. But the other side of the coin means allowing people traveling from all over the world into your property and potentially contaminating it. A sort of "damned if you do, damned if you don't" situation. 

If you do decide to continue renting out your space during this time, then you're probably wondering how you can protect your guests, your cleaners, and property managers from being exposed to the virus. Keep reading to learn more.

What is COVID-19 and Should You Be Worried?

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On top of everything else Los Angelenos have to worry about, add to the list the quickly spreading coronavirus. The state health department sites that since the beginning of February, 8,400 travelers have entered California by way of China.That means 8,400 people who have potentially been exposed to COVID-19. That number is especially troubling considering that many people who are testing positive for the virus--and are thus contagious--don’t have any symptoms. 

The thought of a massive outbreak in LA is scary, but the more you know about the virus, the more prepared you’ll be. Read on for what you need to know about the coronavirus. 

What is the Coronavirus?

COVID-19, or more commonly known as the coronavirus, was first discovered in China…

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Despite the Los Angeles City Council cracking down on Airbnb hosts in the last two years, the home sharing business is still booming, it seems. A new report by CBRE came out on January 27th indicating that in the fourth quarter of 2019, LA had the most active home sharing units in the country. Home sharing includes units from Airbnb, Homeaway, Sonder, and more.

Short Term Rental Restrictions

The city of Los Angeles has enacted a variety of rules restricting home sharing over the last few years. In July 2019, some rules that went into effect included hosts having to register with the city, renters needing landlord approval to host, and rent controlled units were banned from participating in home sharing, among other restrictions. However, these…

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