We invite all Real Estate Professionals to share their knowledge with prospect home buyers and home sellers. We hope, this will help clients to understand the home buying and selling process, home inspections, appraisal, and etc. That will help our community to make the best decision before engaging in any real estate transaction. If you are a real estate professional and you would like to share your knowledge, feel free to create anccount here for free!
|Posted by Peter Karami on November 3, 2014 at 3:00 AM||comments (0)|
Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.
The exchange can include like-kind property exclusively or i...Read Full Post »
|Posted by Peter Karami on November 2, 2014 at 9:55 PM||comments (0)|
After many years of managing multi residential properties and rented so many apartments, I understand there is a misconception about “first and last month rent” compared to first month rent and security deposit.
Usually, when a rent applicant completes rental application and the prospect tenant will is approved, after credit check and screening, landlord requires one month security deposit and first month rent. Security deposit requires from prospect tenants for...Read Full Post »
|Posted by Peter Karami on November 2, 2014 at 12:30 AM||comments (0)|
Reverse Mortgage is a great opportunity for many seniors over 62 years of age and older. A borrower (Mortgagor) goes to a bank and pledges the property to the lender (bank) and receives money.
If you’re 62 or older – and looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses – you may be considering a reverse mortgage. It’s a product that allows you to convert pa...Read Full Post »
|Posted by Peter Karami on October 31, 2014 at 12:05 PM||comments (0)|
The way your house looks from the street--attractively landscaped and well-maintained--can add thousands to its value and cut the time it takes to sell. But which projects pump up curb appeal most? Some spit and polish goes a long way, and so does a dose of color.
Tip #1: Wash your house’s face
Before you scrape any paint or plant more azaleas, wash the dirt, mildew, and general grunge off the outside of your house. REALTORS® say washing a house can add $10...Read Full Post »
|Posted by Nataliya Romanenko on October 27, 2014 at 2:50 PM||comments (0)|
It is always interesting to see where Real Estate Market is heading and how it is changing. According to a California Housing Market Forecast for 2015, median price for homes in California will grow to $463.7 compare to this year of $447.8 that is a growth of 3.5%. In addition, what is comforting is that forecast for unemployment rate expected to drop from 7.7% to 6.8% Click here. I hope that we will see more hou...Read Full Post »
|Posted by Nataliya Romanenko on October 27, 2014 at 2:40 PM||comments (0)|
If you are following Real Estate Market, you have noticed that it is not exactly exploding with inventory. There are definitely more buyers at this time, but they might as well stay in a position of renters, since inventory is so low.
In my opinion, this is a wonderful opportunity for a homeowner to get the best out of their investment by placing their House for Sale as soon as possible, while there are so many qualified prospecting buyers, who are willing, able and ready to buy. In ma...Read Full Post »
|Posted by Peter Karami on October 19, 2014 at 11:55 PM||comments (0)|
A client had asked to show her a townhouse in Bel Air area, a high end neighborhood in Los Angeles, which I did. She and her husband and I loved the location, the house and etc. Then, they asked me to write an offer and submit the offer to the seller, which I did. The offer submitted was from three people, the wife, her husband and their business partner.
After I submitted their offer, proof of down payment (fund) and their Loan Pre-approval to the Realtor representing the ...Read Full Post »
|Posted by Peter Karami on October 18, 2014 at 2:50 AM||comments (0)|
Not long ago, online shoppers would search a business profile on BBB.org (Better Business Bureau) before purchase an item to find more information about any company. Nowadays, there are Yelp, Amazon, ebay, Zillow, Trulia, Redfin and many more similar web sites where average consumer can turn into, and read and write feedbacks about services provided or products purchased by any specific business. How truthful those reviews are, only the Higher-Power knows!
It is clearly not...Read Full Post »
|Posted by Peter Karami on October 17, 2014 at 1:50 PM||comments (0)|
Two Bedrooms, Two Baths and Two Parking spots. LOCATED in a Resort Style COMPLEX. FEATURES INCLUDE Large Living Room, Dinning Area, Nice Size Kitchen, COMMUNITY OFFERS POOL, SPA, RECREATION area which is great for gatherings and BBQ Parties - Neat and LUSH GROUNDS, This Property is PRICED RIGHT for and IMMEDIATE SALE. Gas, earthquake insurance included in the monthly Home Owners Association fee.
20134 Leadwell Street #311, Winnetka, CA 91306
Read Full Post »
|Posted by Peter Karami on October 13, 2014 at 3:50 AM||comments (0)|
There are many ways to handel a sale of a small house. Basically, when a Realtor forsees the sale, S/he may advise the seller the implimcations of several steps to achive a sucessful sale. Though, these steps are not the only ones, they are very essential in many cases.
A) Space-Saving Features Are Key in a Tiny House
B) Utilize Outdoor Space
C) Highlight Energy-Saving Perks
D) For Tiny House Staging, Keep It Simple
Again these are not t...Read Full Post »
|Posted by Peter Karami on October 13, 2014 at 3:40 AM||comments (0)|
When it comes to the property management profession, any experience property manager knows that the most crucial aspect of the managing a property are: 1) keeping the property occupied at all time 2) Collecting rent on-time every month 3) Making sure the tenant is satisfied and living in a property that is habitable 4) all safety issues and trapping hazards must become known to manger and properly fixed.
Whether a property is a single family house, condominium or a multi r...Read Full Post »
|Posted by Nataliya Romanenko on October 10, 2014 at 3:20 AM||comments (0)|
When it comes to negotiation, not all Realtors are good at it. Sometimes lack of experience and expertise is standing on the way of making the best deal possible for the client they represent. In negotiatings, one has to be able to put personal ego off the table and look at what is at stake, and how she/he can represent their clients interest in a way that client is satisfied and happy with outcome of transaction. Many Realtors are very aggressive and this is not always the best practice and...Read Full Post »
|Posted by Peter Karami on October 9, 2014 at 4:15 PM||comments (0)|
Andreas Gindelhuber reportedly sold his house, and may soon get his iPhone 6 too. The man recently grabbed national – and international – headlines when he made an unusual addition to his listing ad for his two-story, three-bedroom Detroit home: He said he’d be willing to exchange the home for an iPhone 6.
Larry Else, the local agent hired to help Gindelhuber sell his investment property, told reporters that he asked Gindelhuber if he was serious about the offer. If he...Read Full Post »
|Posted by Nataliya Romanenko on October 6, 2014 at 2:10 PM||comments (0)|
Investors from China and Korea are not the only ones who are looking to expand their Real Estate investment portfolio. Investors from New York also are looking to take over the Commercial properties and Historical buildings in Downtown Los Angeles. No joke, they are mostly interested in commercial and historical buildings because of the wonderful financial return those investments can provide in a long term. Developers are also looking to invest in that area and in the near future many more ...Read Full Post »
|Posted by Peter Karami on October 6, 2014 at 12:00 AM||comments (0)|
Many times I've heard Realtors are talking about how difficult is to list a FSBO (For Sale By Owner) houses. Why? Because most of FSBO seller's either they think, they don't need a real estate agent to sell their home or they know indeed they can sell their own home. Now let's see what are the differences between those two. Well, it's very simple! Probably at least once in a life time, it has occurred to everyone that sometimes we ca...Read Full Post »
|Posted by Peter Karami on October 4, 2014 at 3:35 AM||comments (0)|
It is not surprising to me as a Real Estate Broker to see the lead generator companies are making more money than Realtors.
This is because I actively practice Real Estate, and I receive many phone calls everyday from companies like Zillow and Trulia requesting to either purchase advertising or renew my current advertisings. You should know, if you don't, that the money these companies are charging is significant and it can be from $50 per month to $5000 depends on Realtor's financial a...Read Full Post »
|Posted by Peter Karami on October 4, 2014 at 3:25 AM||comments (0)|
Sales were few but prices were high. That’s the message CoreLogic DataQuick provided about the Southern California housing market Thursday.
While activity hit a four-year low for the month of August, the median home price hit a post-recession high, according to the housing market tracker.
The region’s market continues to face a triple whammy, according to the company, of limited inventory, decreasing affordability and investor activity which was at its lowest level in ...Read Full Post »
|Posted by Peter Karami on October 3, 2014 at 6:55 PM||comments (4)|
A vacancy coming up in Beverly Hills. Soon, we will have a studio for rent in the quite small building in Beverly Hills located at 240 South Reeves Drive, Beverly Hills CA 90211
This specious unit features full kitchen with stove, refrigerator and double sink. This is a two story building and the unit located in the first floor. The kitchen is a good size (reasonable for the unit size) and apartment is light and bright.
The monthly rent has not been set yet but we will announce th...Read Full Post »
|Posted by Peter Karami on October 3, 2014 at 5:50 PM||comments (0)|
I remember back in the years 2007 to 2009 so many properties going up on the MLS as short sale and then after a few months or one year they were relisted as foreclosures. At that time, there were a few Real Estate Agents who had become experts in selling foreclosures and REO (Real Estate Owned by Bank) homes in the Los Angeles market.
I remember that I was driving around and showing properties that all have been listed with one Realtor. Soon after that in the years 2010 to 2011 especial...Read Full Post »
|Posted by Peter Karami on September 16, 2014 at 9:20 PM||comments (0)|
According to California Real Estate magazine, issued September 2015, the RPA will be revised. This is a good news for many Real Estate Agents. Finally, the CAR (California Association of Realtors) has taken the step to revise the residential purchase agreement provided on Zipforms. The current RPA was adapted in 1955 and since that time there are so many changes in the industry therefore it seemed missing some necessary terms and having some unnecessary terms. In my opinion, most terms on the...Read Full Post »