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How a Short Sale is Beneficial for the Home Owner Just a few months ago, the global financial situation was very grim, with people all over the world losing their jobs, their houses and even their investments that were supposedly cast in stone. In such a scenario, many who had taken the risk – which at that time was supposed to be the most practical way to get some liquidity – to mortgage their homes for loans. Many had two or even three mortgage on their homes. However, with the crumbling financial situation, these people were not able to make their mortgage payments, and banks came visiting them for retrieval of their loans. Such situations are not easy for the home owner as well as the banks. While home owners are put in a difficult legal, financial and embarrassing situation, the bank is left with property whose cost has suddenly plummeted down vastly. In such a situation, both stand to lose a lot, unless they opt for a short sale. A short sale is a kind of sale where the home owner can sell of their property at a lower price than what they owe to the bank. This procedure usually needs to be approved by the bank, and once done, would release the home owner from their liability to the bank. Here are three advantages that a short sale has on the home owner: Quick Solution: Handling a foreclosure is not simple for the homeowner. Not only does the homeowner have to handle the various legalities arising from a foreclosure, they also need to look for different residential solutions for them and their family. A short sale is therefore the best option for a homeowner to dispose of their mortgaged property in a quick and efficient manner. Also, with a short sale, the psychological and emotional distress of having a home foreclosed, and bank officials continuously pouring into the house to ask for payments is warded off. Good Credit History: With a short sale, the homeowner basically pays off the mortgage loan that their home carried. This makes a world of difference to their credit history, and they might even apply for another home loan once the paperwork is done with. A good credit record is very important for any citizen today, as quite recently credit records are being checked while offering jobs too. Mutual Understanding: A short sale is in the best interest of the home owner as well as the bank. The bank saves money on various processes that they might need to go through for a foreclosure, as well as saves itself from being stuck with real estate which would not get any great buyers in the current financial situation. Also, the bank too has to take into consideration its loan record, as too many bad loans may result in a scenario where they cannot give as many loans as they would like to. Therefore, there is an enhanced level of support when it comes to the two working on a short sale.
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How a Short Sale is Beneficial to a Bank A short sale is basically a sale that is carried out in the real estate market. There are several scenarios where a home owner falls back on a home loan because of different reasons. In this situation, the bank might move towards a foreclosure and the home owner might come into a difficult situation, not to mention an embarrassing one. However, with the short sale process, there is a benefit to the bank as well as the home owner. Here are the three basic benefits of a short sale for the bank. Banks Get Liquidity: Traditionally, banks have no interest in owning real estate. Owning real estate for any other purposes other than having their offices can tend to be a losing proposition to the bank, because then they would be bound by various aspects like rise and fall of real estate market, geographical lucrativeness of the real estate, etc. Also, even if they do get the property, it is not always possible for them to sell it quickly or at a price that they would like, because the real estate that they would own would be affected by the same aspects that the other estates in the market are. Because banks do not want to bother with these aspects, they would consider a foreclosed real estate as a dead investment. A short sale allows the bank to get their liquidity back, with a certain amount of it written off as a bad debt. Hassle-free Process: Short selling is quite a hassle free process, as compared to the mortgage or other kind of processes that can be carried out to get the loan or mortgage back. It is also a process where the bank would get unequivocal support from the home owner, because it solves the problem for both the parties. For example, foreclosing a mortgage is not as simple as it would seem for the banker as well as the debtor. There are several fees and charges that the bank would have to pay for the completion of the process. With approving a short sale, the bank basically saves itself from the vast number of fees and charges that they would need to pay otherwise. Rubs off History of Delinquent Loans for Banks: If you though that loan history matters only for individuals, you are in for a surprise. Even banks do need to keep an eye on the number of bad loans, and they might not be able to do business as they would like to if they have several bad loans. Therefore, a short sale is a very good way out for the banks, because not only do they get a considerable amount of their loan back, but also clear out their history of bad loans. These are the three major advantages for the money lender bank for going in for a short sale, as opposed to a foreclosure on the loan against real estate. Short sales are not just beneficial for the bank but also beneficial for the house owner. Therefore, more and more mortgaged homes are being sold in the short sale procedure, saving a lot of time and money for both parties.
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10 Things You Need To Know To Be A Successful Real Estate Agent In Los Angeles - Part Two Thank you for stopping by for the second part of this series. If you'd like, you can check out part one, which gave the first two teaching points of this series. We pick up at point number three. 3. Even though you may have a concept of which areas of the city are considered to have and which areas of the city are considered the have-nots, you need to verify for yourself because you could be wrong. There are areas of Santa Monica where some of the residents own homes that come in at around $150,000, which is considered a low priced house in the area. There are also areas of Compton that have homes starting at $500,000. Stereotyping areas of the city based on preconceived notions could lose you a lot of sales and customers. 4. Los Angeles is a city that deals with a lot of international moguls, therefore knowing more than one language is a definite plus. It is not just Spanish that you should be familiar with. It helps to be familiar with Asian languages such as Japanese, Chinese, and some dialects from India as much as Spanish, Portuguese, and French. If you don't know these languages, then you better know who and where to go to for help if you come across any potential foreign clients. Even those clients who normally would want to work with someone who speaks their language will work with someone who's not only competent but has gone out of their way to try to find a way to communicate with them. 5. Los Angeles may not have boroughs like New York City, but it does have a vast variety of neighborhoods. Neighborhoods are broken down either by asking the city or economy. For instance, everybody knows that Chinatown has mainly Chinese residents. But many people might not know that Echo Park, which is to be an area where many scenes used to be filmed for movies, is now predominately a Latino community. A successful real estate agent will know that Hollywood Hills is very popular among the rich because he gives them great views of the city, whereas areas like Westlake have poorer residents and higher incidences of crime. There are literally more than a couple hundred neighborhoods throughout the Los Angeles area, and successful real estate agents will know where all of them are, either by remembering them all or at least having them listed on a map so that they can locate them if they need to. 6. Los Angeles has a lot of cultural phenomena, and sometimes that's the most important thing to potential buyers, therefore, knowing where landmarks are is very critical for any real estate agent who wants to make money in the city. For instance, you have to know where the Hollywood Bowl is, as well as places like Wilshire Blvd., Sunset Strip, the Fairfax District, the Venice Boardwalk, and Mulholland Dr. It wouldn't hurt to know where some celebrities hang out, because even though you need to make sure that's not a big deal for you, it could be a big deal to some of your potential clients. Of course you always want to protect the rights and privacy of celebrities for fear of a backlash of any kind, but if you happen to know that Tom Hanks and his wife love to frequent a certain restaurant from time to time, it's a nice fact to have in the back of your mind.
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That is a truly difficult question to answer. The fact of the matter we just don’t know. What we do know is that prices have come down from last year and it would seem the market has slowed down some I believe this is a combination of $ 8,000 credit expiration and the summer. Statically speaking people just don’t buy as much in the summer time, there is just too much going on. In regards to price and the market hitting bottom, if we are not there yet we are very close. I say that because for the first time in a long time be are very close to cash flow, meaning that depending on the home value you could possible cover the mortgage payment if you decided to rent it out. I realize that that’s not your intention but it is a great indication of where we are. One of the reasons that homes that are in the $ 200,000 are flying off the shelf; it’s pretty much the same as renting. In the event it isn’t at a break even just give it a few more years and it will. In the higher end market we see pretty much the same thing and you can see the opportunity just by calculating the construction cost, most home on the market are significantly more expensive to build that what they’re selling for. Factor in that we have been in a down economy for the last few years no doubt about it. But as the saying goes what goes down will go up we have already lived the down part. The economy will improve. Remember that the amount of money that has been poured into the system hasn’t yet hit. Look at the current interest rate, it’s unreal sooner or later it will have to increase and when it does you will made a huge difference with your home purchase. Not only with the value its self but with amount of money you will be paying to the bank. You will probably sell your home and carry paper Don’t believe me, ask anyone that bought their home prior to the bubble, do they have equity? Have they made money? The answer is yes.
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There are a series of steps you need to take in the process of selling your home. These steps are necessary for you to succeed on selling it quickly and for the most amounts of money and it will also help you in the selection of the people that will help you sell. Step 1) create a file for this process, date it. Step 2), start by looking at your competition (other homes in your area). Try to attend as many open houses in your neighborhood, keep a flyer of all the homes you saw in the file. You need to find the best and worst home in the neighborhood; you should be working with at least 10 homes. Based on this information where do you feel you are in terms of condition and price? Be as objective as possible. What could you do to your home to improve its appeal? Step 3) Take pictures of your home and get them printed. Most large pharmacy can print them within minutes on paper. Many times seeing the pictures on print will reveal things that you might take for granted. One of the things we lose after living in a place for many years is perspective on “first impressions”. I once walked in a house that had velvet purple wall paper and a purple rug. Most buyers can’t see beyond what they are presented. The owner didn’t see anything wrong with it. Colors, design, furniture should be as neutral as possible as to appease as many buyers as possible. Step 4) Start talking to agents in your area. Google them to see if they have internet presents. Select a few and set up meetings. See who has a pulse on what is going on. Review their marketing plans. Avoid anyone that will only place on the property on the multiple listing services. In today’s market you need someone that thinks outside of the box. Do they have a website? Is the website page ranked? How much traffic do they receive? Ask them to provide you with a to-do list. What do they recommend? Some agents offer a free stager to come in a give you recommendations. 5) Once you have done all your due diligence set a date for go. As your agent the best time to sell. They should have information regarding the best time. For example in my market in the multimillion dollar mark most properties don’t sell in the third quarter. On the other hand 49% sell in the last quarter. Well I hope this has been of some help. Your property will sell in a timely manner if you follow these steps. The thing you always want to avoid is the listing to sit and become stale.
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Every once in a while you come across someone with true vision. Mark Newson is someone in that category. He has so much vision that there is no limit to the types of things that he can design, so much so that there's no real way to classify him. He had done home interiors and building interiors and exteriors; created furniture and wall treatments; designed buildings and structures; designed watches, silverware, and statues; and even designed a plane! Newson was born in Sydney Australia in 1963, and was blessed with the opportunity to travel with his family throughout his childhood. He showed an aptitude for design heading into college, and after graduating from Sydney College of the Arts in 1984 was awarded was awarded a grant from the Australian Crafts Council. In 1986 he had his first solo museum exhibition, and after moving to Tokyo in 1987 created some of his most eclectic designs in furniture over the next four years. During that period he had more museum showings of his designs in Tokyo and Switzerland. In 1991 he relocated to Paris where he was not only commissioned to design more furniture, but also started designing a number of different restaurants in major cities across the world such as London, Cologne, and New York City. He also continued winning more design awards, including the Prix du créateur de l’année du salon du meuble (Creator of the Year Furniture Fair) in Paris. In 1997 he moved to London and open up his studio, Marc Newson LTD, and has lived in London ever since. He decided to take on both larger and more exotic projects, and started creating things such as bicycles, bathroom accessories, a car, and airplane interiors. In 1998 he won the Top 50 Designers Award from I.D. Magazines, and in 1999 he won multiple awards including the Red Dot Design Award for product design in Germany for creating the Embryo chair. He won the Red Dot Design Award again in 2004 creating the Hemipod Watch. One could say that by 2004 the sky was the limit for Newson, as Qantas Airlines asked him to design the interior of a new fleet of airplanes as well as airport lounges in Sydney and Melbourne. And, since we were with the one pun, we might as well also add that his designs are out of this world, as he is also created the design for the interior of the space airplane that EADS Astrium, a division of the European Aeronautic Defence and Space Company, hopes to fly passengers back and forth into space by 2012. He also designed the uniforms that were worn by the Australian national team in the 2004 Olympics. By 2005, his fame and grown so much that he was named as one of the world's 100 most influential people by Time Magazine, and he bested that in 2008 by winning the man of the year award for design by GQ of Germany. In 2010 he was awarded a doctorate in visual arts from the University of Sydney. Newson has done a lot over the last 25 years, and it only 47 years of age has so much more to accomplish.
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Beverly Park
Beverly Park makes one wonder how Beverly Hills is only the 3rd most expensive real estate in the country. This exclusively private gated community harbors the world's richest gathering of mansions within a 250 acre space that's the home or former home to some of the most famous, infamous, and just plain rich celebrities known throughout the world. It also resides in the 90210 zip code, which means you can still watch some TV shows and feel a connection to the area.
There are two separate sections of Beverly Park, known as North Beverly Park and South Beverly Park. North Beverly Park is the more exclusive of the two sections, with 56 mansion out of 64 available lots, as some homeowners bought two lots so that they could build bigger places to live. South Beverly Park has only 16 mansions, and is sometimes at the whim of the other side regarding access to the community for staff and visitors.
How exclusive is this area in general? There's a 70-page homeowners contract that every resident has to agree to which basically states no home can be less than 5,000 square feet. With that said, none of the homes in the community are close to being that small, with the largest homes easily passing 40,000 square feet. It's one of the few communities in the country were there are often twice as many bathrooms as there are bedrooms.
And it's no wonder why. When one has a mansion, they're not relegated to only bedrooms, family rooms, and a kitchen. There's often more than one great room, media rooms, ballrooms (yes, a few homes in the area have their own ballroom), home studios, both indoor and outdoor swimming pools, tennis courts, stables, and game rooms. When one has to walk throughout all these rooms in a home that's on average nearly 30,000 square feet, sometimes there just isn't time to find a bathroom if there are only a few of them.
The community seems to also have an interesting mix of rich. Of course there are celebrities such as Eddie Murphy, Denzel Washington and Sylvester Stallone. There are also corporate stars, moguls such as Russ Weiner, the man who founded Rockstar Energy Drink, and Larry Flax, who founded the California Pizza Kitchen. Add to that those who bring international wealth and those who decide to remain a bit more anonymous and you have a community that's strangely diverse in its own way.
Being an exclusive gated community for the rich and famous, you know that security is tight. Initial security and gate access is paid for through their version of a community association, for which the North and the South seemed to have their own. Many of the homes have their own security as well, and something different about this gated community is that most of the homes in the community have their own gates surrounding their homes.
I hear you asking about price. It seems that some of the rich have suffered because of the problems with the financial health of the world, but you don't have to feel too sorry for these folks. At the low end some homes are going for around $8.5 million, while on the high end some have asked for as much as $50 million for their homes. Because of the price of homes in this neighborhood, sometimes it takes a couple of years to find a buyer, but there always seems to be some homes for sale so if you're interested, make a call.
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It's hard to be a successful real estate agent in Los Angeles. It's the second largest city in the country, the second largest urban area in the country, has multiple cities in having the metropolitan area, has multiple ethnic regions, has multiple financial districts, and of course is the home to many entertainment celebrities and high-priced players of all types. Unlike New York City, areas aren't broken down into boroughs that help define the city a little easier. It's also not a flatland; there are some areas with mountains, the ocean, tar pits, hills and valleys. There's also the uneasy alliance between the very rich, the moderately rich, the middle class, and those of lesser means somehow intermingling in some fashion while still maintaining their cultural uniqueness. In other words, there's a lot to know. Mega cities, of which Los Angeles is one, offer challenges and opportunities that real estate agents and other cities could never fathom. One can either be very successful or find themselves on the outside wondering why their phone isn't ringing. What can help to make someone successful as a real estate agent in Los Angeles? In this 3-part series I'm going to highlight 10 ways that could help you out. If your skills are up to par, these are just a few things you might want to consider to help you compete with other real estate agents throughout the city. 1. You have to get used to 2 ideas pretty quickly. The first is that though there are a lot of celebrities, for the most part they want to be treated just like everybody else. So, if you're going to fawn over a celebrity, don't go into real estate. The second is that there are a lot of rich people that you don't know about and aren't going to recognize, any future need him wrong they can cause you more damage than the celebrities. Therefore, you need to make sure that every single person you interact with is treated with the utmost respect, even if they come into your office wearing a holey T-shirt and holey jeans. 2. You need to know all of the pockets of Los Angeles because many people will refer to those areas without actually saying Los Angeles. Places like Long Beach, Santa Ana, Santa Monica, Riverside, and obviously Hollywood are all considered a part of Los Angeles. There are many other names as well, so real estate agents need to familiarize themselves with every single one of them. Did this whet your appetite? Most in the next segment.
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3 Tips for When You Need to Sell Your Home Fast To ensure that your home sells well in a buyer’s market, you must read these 3 tips for when you need to sell your home fast. To be in a seller’s market is very tricky. Speak to any estate agent and he’ll tell you that you can only get your price if your house sells within the first five weeks of listing it. If it takes any longer to sell, you have to chip off the price a little. Ensure that your price is right. Don’t quote an unrealistic price just because you want to sell your home fast, especially if you’re selling in a depressed market. Usually, home sellers make the mistake of pricing their homes far too high. But if you work with an estate agent, he will determine the price in your area and set the price just a little higher than that. However, if you decide to go it without a broker, you can check out the right prices in your area by looking up websites like HomeGain and Zillow, or ask for an appraisal. You can also determine the right price for your home by checking the listings of recent sales on an online home valuation service, or your local registry of deeds, etc. Factor in the condition of your house, any additions you might have made but don’t expect to sell for a much higher price than that of your neighborhood. Declutter your home. Clean your home, spruce it up as if you’re entertaining that day and remove as much unwanted stuff as you can. For example, have clear tabletops so that their surface area shows up immediately. Take off all family photos from the walls and shelves so that prospective buyers can picture their photos in the available space. You could also put away all unnecessary power strips, extension cords and electronics. Donate things you don’t really want, keep kitchen counters bare and if you still have too much stuff and nowhere to put it, rent a storage unit and dump all your things there. Improve your home curb appeal. Work on your curb to make it look appealing to sell your home fast—in fact, better than any other in your area. For starters, you could do some or all of these: You could trim the hedges and mow your lawn; paint doors, windows and walls in warm and neutral colors; replace blinds and drapes and give the exterior a coat of paint. Ensure that prospective buyers can read your house number clearly from the road. If you’re serious about selling your home fast, do the above.
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If you want to sell your house, you need to know some of the best ways to sell your house quickly. But what if your house isn’t sold as quickly as you want it to? Well, by using the following best methods, you can avert such a situation and sell your home fast. First, hire a really good broker who knows the area well. Next, price your house appropriately. After all, if it’s too expensive, no one will consider it. Perhaps, you’ve overpriced it. Well, don’t be adamant at fixing the price as per what you think, let the agent fix it since he knows just how much it will actually sell for. The fastest way to sell your house quick is to sell to a real estate investor. They are the ones who can pay ready cash for houses they’re keen to buy, which helps sellers. By paying cash, investors can close a deal within 72 hours. And, they are ready to buy houses in the condition they are, which allows sellers to avoid undergoing costly repair work, so you can sell your house quick when you approach a real estate investor. If you’ve been living in a cluttered home, clear it before people come to inspect it. Give it a coat of paint if you think it could do with one, and clean it like you’ve never done while you lived there. If you need to do some repairs such as changing the wiring or fixing the doors and windows, do these as more people will be interested in your house than before. Yet another good option is to use yard signs to sell your property yourself. This means putting up a sign that says For Sale by Owner. This method calls for a lot of hard work from you because it means that you not just put up the sign but also give direction signs to the plot to attract the maximum number of prospective buyers to your house. Once you do this, you’ll just have to wait and see who comes along to buy your house. By placing an ad in the local newspaper, you can hope to get the city’s eyeballs on to your house. But don’t restrict yourself to advertising in the main city paper rather also advertise in the small free papers and in online classifieds. These are some of the best ways to sell your house quickly, so what are you waiting for? Go ahead and put your house up for sale.
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Facing a Foreclosure: Is a Short Sale the Solution? If you’re faced with the daunting task of having to cut your losses and leave your home due to rising costs, adjustable rate mortgages, or simply the need to downsize, taking the “short sale” route may be and option worth considering. When you find that your home is worth considerably less than the current balance you owe on it, the process of negotiating a short sale may be in your best interest. A “short sale” is the term used when the current market value of your current home/property is “short of” the amount you actually owe on it. If you find yourself in this predicament, you are not alone. Millions of homeowners have found themselves in this situation and the numbers continue to rise. Fortunately, you are not at a total loss as you can save your home from foreclosure and possibly save your credit score by performing a “short sale” on your property. How a Short Sale Works When you decide to sell your home, the lender of your current mortgage must be involved every step of the way – not just you or your real estate agent. In most cases, a short sale works by you first explaining your hardship to the lender. From there, the lender will require that you “prove your hardship” by documenting in great detail the reason(s) as to why you can no longer pay the remaining amount on your mortgage loan. This documentation may contain items such as your credit card bills, bank statements, W-2 forms, and any other proof that shows you are unable to pay your bills. It is important to understand that the short sale route is not without its downsides, especially when it comes to lengthy and sometimes cumbersome paperwork that is involved. Even after stating your hardship, while this may not completely absolve your of the debt you owe, in some cases it may. However, in cases where additional assistance is needed, working with your title company or an attorney that can handle your paperwork might also consider approaching your lender on your behalf in order to ask for ‘forgiveness’ of your debt. The fact remains that lenders do not desire to amass homes. Instead, they are in the business of selling homes and making a profit. Therefore, if your short sale is accepted by your lender, this provides the lender with another alternative as opposed to foreclosing on the loan. Why Short Sales Are Still Sought After
The foreclosure process for a lender is very time consuming. When lenders have a large amount of foreclosed properties on their books, this could jeopardize their ability to insure loans later on down the road. With that in mind, you can see why lenders would be much more willing to take the short sale route when offered as opposed to navigating the foreclosure process. Will a Short Sale Affect My Credit? If you are forced to take on a short sale in order to avoid foreclosure, it is important to note that this may affect your credit, however, if this is not always the case as there are many instances where the amount you receive from a short sale for your home will be enough to clear your debt. If you lender decided to forgive your debt, as opposed to you receiving the funds from a buyer, the lender will then issue you a 1099 form for your taxes that is proof of the excused debt.
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Selling Your Home Quickly: How to Stage It to Sell If you are considering putting your home up for sale quickly, one of the most important aspects you will need to focus on is staging your home to ensure that potential buyers are attracted to not only your selling price, but the overall appeal of the home as well. Staging your home is an important process because it allows a potential buyer to actually envision themselves living in your home. Your job as the seller is to “set the scene” to close the deal with buyers interested in purchasing your property. Staging your home does not apply to just the inside of your home, but the outside (also referred to as “curb appeal”) as well. To ensure that you get started off on the right foot, use the following 3 tips to ensure that your home is poised for perfection: Get Rid of Excess Clutter Before you can invite any potential buyers into your home, de-cluttering is a must. In fact, it is by far the most important thing to do when staging your home. De-cluttering should not only be done to the outside of your home (e.g. clearing the lawn and backyard), but also the inside of your home in order to create a living space that looks larger than life due to the removal of excess items. Since you intend to move quickly, consider the de-cluttering stage a great way to get rid of items that you don’t need, as well as a jump start to packing up items that are taking up too much space and can be stored away quietly in your garage. Organize Your Storage Space Because potential buyers will be inspecting every nook and cranny of your home, organizing your storage space, whether it be your closets, under cabinet storage, pantries, or even the garage is important. By organizing spaces such as your closets and garage, you ensure that these spaces look larger than they normally are. In fact, just by paying attention to your closet space by pairing similar pants, shirts, skirts, and even like colors together, the creates storage areas that look as spacious as possible. Model Home Envy The closest you can get your home to look like a model home, the better. In fact, removing personal items such as family portraits and memorabilia that may be occupying your shelves is a great way to add a sense of décor to your home that aligns to the model home looks which focuses more on staging the home to showcase its spaciousness and killer selling points (e.g. crown molding, granite countertops, spacious kitchen) without all of the distractions. If after staging your home, it looks as though you’ve walked into a totally different residence, you should have no problem achieving the quick sale you’re looking for.
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Celebrity Homes As a realtor in the Los Angeles area, I deal with a lot of celebrity homes. In many cases, a celebrity home isn't all that much different from the homes that other people own. Some celebrities like ranch, split level, or single family 2-floor homes that looked the same as any other house. Some celebrities own mansions that have multiple rooms, but people with a high net worth can have homes that look pretty much the exact same. What separates a celebrity home from all other homes is that a celebrity either lives there or has lived there. That means that their home at some point is going to be seen in some fashion by the public, either in a magazine article or by having some bus company have drive-by tours of the home. Therefore, celebrities have to deal with things such as security and privacy issues that may go a bit farther than even those people that have more money than they have. Some celebrity homes are absolutely spectacular. There's very few homes in the country that can match Aaron Spelling's old home, the one his widowed wife is trying to sell for close to $100 million. That's probably the ultimate in celebrity homes as it comes to price. But many homes, such as the Mary Pickford home, might not cost as much money, but our steeped in tradition and history that makes it a sightseers dream. A funny thing about celebrity homes is that they're bought and sold more often than the homes of other people. In the Los Angeles/Beverly Hills area, it's not surprising to hear that a celebrity is selling a home and buying a new home that they've only been in a little more than a year. The reasons may sometimes be unclear, but the fact remains that some celebrities just can't seem to sit still in the house for all that long. Very few celebrities will ever come close to reaching a 30 year mortgage, unless they own homes in other areas around the country that almost nobody knows about. This means that there are always celebrity homes that are available for consumers if they act fast, and of course if they have the money to afford those homes. One reality is that once a celebrity has lived in the home, the value of that home increases even if the celebrity does nothing else to the house to help increase the value. So, a home that Cher might have lived in for only a year and then decides to sell will be worth a lot more to some people if they know that Cher lived there. That's the reason why some celebrities aren't hesitant and allowing their name to be used when they're selling a property as opposed to when they're buying one. There are some fantastic celebrity homes, whether they're for sale or not. Celebrity homes will often have amenities that other houses might not have. For instance, many homes have swimming pools, but not all homes have stables, tennis courts, or 10 car garages. Celebrity homes often have a lot of acreage around them to try to give them some privacy. There is no one style of celebrity home, therefore there's always a lot of variety. If you'd like to see how some of the celebrities live, check out the search engines for the Spelling home, then check out the homes of Eddie Murphy, Leo DiCaprio, Brian Austin Green and Paris Hilton to be amazed at just what kind of homes are out there.
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Beverly Hills Realtor Beverly Hills has the most famous ZIP code in the United States; 90210. It's the home to the rich and famous and those who want to be rich and famous. It's close to Hollywood, Los Angeles, Malibu, and so much more, including Disneyland and the LA Coliseum. To be a realtor in Beverly Hills, one has to know both the past and present of the area. Both of these are crucial to adding to the mystique of owning a home in the Beverly Hills area. For instance, you help your cause if you can tell potential investors that people like Will Rogers, Douglas Fairbanks Jr, and John Barrymore used to live in the area. It helps if you can tell potential buyers that people like Drew Barrymore, Kelsey Grammer, and Jerry Seinfeld have houses in the area now. It helps to be able to tell someone who's looking for quality that Beverly Hills homes usually start at least around $600,000 and go up from there. Not that one can't get a nice home in some areas of the country for less than $100,000, but it's expected that homes in Beverly Hills will cost a lot more and be a lot more as well. It's also expected that the quality of the homes in Beverly Hills, because of those prices, will be better. As a Beverly Hills realtor, it's expected that you know some celebrities and that you will not be swayed by the magnitude of those celebrities at the time they're being dealt with. Celebrities have fans all over the world; the last thing they need is someone trying to help them buy properties worth multimillions of dollars being starstruck and not paying attention to detail or their needs. And detail is what it's all about if you're going to be a realtor in Beverly Hills. You don't just get to walk around fabulous houses and notice how large the rooms are and comment on the paint job. You need to know what kind of materials went into constructing the home. You need to know how old all the appliances are including the chandeliers. You need to know who the previous owners were and be able to make sure that you use that information responsibly. You need to know about any potential problems with the home. You need to see the land and get to know the land and possibly the landscaper and groundskeeper as well. Finally, a Beverly Hills realtor has to get to know their clients a little bit better than the norm. You don't get the luxury of driving around with celebrities in your car and going from house to house, showing them 10 to 20 homes that you think they might like. You need to have more detail on their likes and dislikes, so that you can zero in on at most 2 to 3 homes that you believe will satisfy them. If you don't get it fast, your clients will leave you and find someone else who they believe is more in touch with their dreams and wishes for Beverly Hills property. And based on the types of commission that can be learned from helping someone purchase a Beverly Hills home, you don't want to take those kinds of chances. If you're looking for a home in the Beverly Hills area, it's best to work with someone who is familiar with the territory. A Beverly Hills realtor will know all the ins and outs, all the gossip and details of every property in their area that's available for consumers to purchase. The Beverly Hills market is unlike any other market in the world, so be sure to take care to use a professional who's proficient in the real estate in that area
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Realtor To The Stars There are some people who have called me "the Realtor to the Stars." One of the entities that used that particular imagínese nombre was In Touch Magazine. I have to say that I'm honored by the appellation, but at the same time, I'm not quite sure that everybody fully understands what it all means. Here's the easy part. Being a realtor to the stars means that I have worked with all types of celebrities in helping them both purchase and sell real estate. Most of that is residential, which means I have had the privilege of seeing some of the most amazing homes throughout the Los Angeles area, as well as some other areas of the state of California. It also means that I have met some very interesting and famous people. That's always nice, but that's really the easiest part of what I do. Why would those that some would call the rich and famous want to work with someone like me? Because the first thing they know is that they're going to have their privacy maintained and protected while I do what I do. Unless they specifically say I can use their name in trying to help them sell their property, they will remain anonymous. Realtors who work with famous people know the pressures that they go through as it pertains to publicity. Have a big star decide they want to sell their house, and all sorts of tabloids start speculating on the wealth or dying public persona of that person. It's almost never true, but that's what tabloids do. So, the stars and celebrities know they can trust us in protecting their name. The second thing they know is that, because of the reputation we work so hard to establish and then maintain, they will not be cheated, and no one will take advantage of them. Most realtors are good people who do a good job, but the reality is that when you're a realtor to the stars you have to go that extra step in examining properties that celebrities might want to purchase or sell because the net worth of these properties is usually fairly high. Because in this business all it takes is one client who doesn't like what you do to pretty much ruin your career, we take that extra care in making sure that not only are properties what they're advertised to be, but that we can get the best deal for them. The third thing they know about us is that, even though sometimes we do get a little bit of publicity, we still have the ability to work in the background in addressing all of their needs. We are not the ones who are going to broadcast that we recommend to a client that they make some cosmetic changes to a house that they're looking to sell. We're also not the ones who are going to walk into a house that were scoping out for a client and announce who the client is thta wants to buy the property. We're not about name dropping; we're about getting the job done for our client. Therefore, being called a realtor to the stars is a nice pen name to have, but it comes with a lot of responsibility. And we're willing to go that extra mile for all of our clients.
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