To Sell Now or Later?

According to the MLS, 11 homes are currently for sale in Playa Vista.  This is less than one month’s worth of inventory, which virtually ensures that if you properly price and market a home, it will sell quickly.  Demand has lessened since the spring and summer with buying properties as cash …

Supply and Demand Issues and Implications for Playa Vista Buyers and Sellers

The title of this post seems like the title for a dissertation.   There is certainly plenty to write on the subject, however this will be a synopsis of the issues as I realize this blog post is meant to be interesting as well as informative. As you may know, there was a …

Interest Rates Need To Go Up

At this point the government has done all they can to stimulate housing and they have done a good job.  Financial incentives for buyers, encouraging banks and underwater homeowners to do short sales, refinances and principal reductions to prevent some foreclosures.  Great job, gov’t, but we need to take a step back and …

Rare, 3 Bedroom/3 Bath Single Level Generates Significant Interest

The Dorian is unquestionably the most prestigious building in Playa Vista.  Even the neighbors at Chatelaine would (or should) admit that Standard Pacific’s version 2.0 45 unit condo project is not only 4 years newer, but is a tad spicier.  While no one can argue Dorian’s appeal, Standard Pacific did …

Prices Set to Rise in Playa Vista

After several years of price declines, the demand/supply ratio has shifted in 2012.  Pent up demand combined with affordability and consumer confidence in addition to optimism on Playa Vista’s reputation moving forward has contributed to an inventory shortage that will be observed as median price increases before EOY 2012. For 2 bedrooms …

Short Sale Counter Offer Strategy

I experienced a first this week. The first time a seller countered an offer from one of my buyers on a short sale asking contingencies to begin right away upon seller-acceptance, not at the time of bank approval. I was immediately taken aback by this almost insulting suggestion – my …

Myth Buster – Listing Your Home in December is a Bad Idea

While the holiday season it may not always be the most convenient time for Playa Vista home sellers to have their home ready to sell, I can say that doing so might be worth the inconvenience. It is my opinion that it does not matter when you list your Playa …

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