Broker LA | Beverly Hills Trusted Realtor

Peter Karami & Associate Realtors
8685 Wilshire Blvd. Suite 18
Beverly Hills, CA 90211
Phone 310-818-3286 | 818-300-3005

Realtor's Blog Post New Entry

The Market dictates what the property is worth.

Posted by Nataliya Romanenko on January 11, 2015 at 10:15 PM Comments comments (0)

Sadly, most of the Sellers tend to overprice their homes when they intend to put it up for sale. It is their most precious possession and understandably, they value it for so many reasons. Overpricing is a risky game to play. Lack of knowledge about the current market conditions or emotional attachment can also play a role in how Sellers will price their property. So many times we’ve seen that Real Estate Agent just goes with what the Seller wants, so they can just get a listi...

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Plan ahead and get big return on your REAL ESTATE investment.

Posted by Nataliya Romanenko on January 1, 2015 at 1:35 PM Comments comments (0)

In hopes for Big Money, many home owners waiting for the market to dictate even more return on their investment, not realizing that at some point Real Estate Market will be flooded with homes for sale, and at the same time there will be not enough qualified buyers to actually be able to buy at the price that seller is asking. We are starting to see this trend now. Word of advice for homeowners is to do what makes sense, considering your own Real Estate goals and plans. Make sure to consult a ...

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For Sale By Owner

Posted by Nataliya Romanenko on December 30, 2014 at 6:55 PM Comments comments (0)

Buyers, who have been looking for a home to purchase, will drive by in the neighborhoods they are hoping to live in and sometimes there will be a sign for sale by owner. Curiously they might call to find out more information on it. Hopefully these buyers already have an Agent, who represents them during the transaction to come. What about the Seller? Who will represent the Seller if an offer to buy their home will be presented, and what does the buyer’s agent getting themselves into? Re...

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Security Deposit is Not the Last Month RENT

Posted by Peter Karami on November 2, 2014 at 9:55 PM Comments 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...

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Reverse Mortgage is a good REAL ESTATE solution for Seniors!

Posted by Peter Karami on November 2, 2014 at 12:30 AM Comments 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...

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Eight ways to help your home put its best face forward and return the most profit in a sale!

Posted by Peter Karami on October 31, 2014 at 12:05 PM Comments 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...

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Current Market and it's impact on the home ownership

Posted by Nataliya Romanenko on October 27, 2014 at 2:50 PM Comments 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...

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Sell your House and get the most out of your investment.

Posted by Nataliya Romanenko on October 27, 2014 at 2:40 PM Comments 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...

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Why is the house in Bel Air still on the market unsold?

Posted by Peter Karami on October 19, 2014 at 11:55 PM Comments 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 ...

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Not all online reviews are Trustworthy

Posted by Peter Karami on October 18, 2014 at 2:50 AM Comments 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...

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How to Sell a small and tiny House

Posted by Peter Karami on October 13, 2014 at 3:50 AM Comments 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...

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Rental properties may not the best investment

Posted by Peter Karami on October 13, 2014 at 3:40 AM Comments 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...

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Importance of Negotiating skills for your Realtor

Posted by Nataliya Romanenko on October 10, 2014 at 3:20 AM Comments 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...

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New York investors are looking to Downtown Los Angdeles

Posted by Nataliya Romanenko on October 6, 2014 at 2:10 PM Comments 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 ...

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Southern California median house prices hit post-recession high

Posted by Peter Karami on October 4, 2014 at 3:25 AM Comments 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 ...

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Beverly Hills Studio for RENT

Posted by Peter Karami on October 3, 2014 at 6:55 PM Comments 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...

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My personal experience with distressed market!

Posted by Peter Karami on October 3, 2014 at 5:50 PM Comments 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...

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The RPA (Residential Purchase Agreement) is going to be modified...

Posted by Peter Karami on September 16, 2014 at 9:20 PM Comments 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...

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Home prices on the rise.

Posted by Nataliya Romanenko on June 22, 2014 at 2:40 AM Comments comments (0)

Economic recovery is playing a huge role in the Real Estate market and prices of homes are still climbing up, giving home owners hope to cash out on their investment with a positive return. Home buyers are trying to buy property as fast as they can. So, they can also grow their money during this jump in prices on Real Estate, but is this another " buble" roling on us? "The return of the bubble? Thanks to the economic recovery, the Westside tech boom, the end of the foreclosure wave and the re...

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Hiring a professional Property manager is one of the most important steps in owning an investment property.

Posted by Nataliya Romanenko on June 4, 2014 at 2:40 PM Comments comments (0)

We all know how important is to be clever about the ways we can creat a good investement. Owning and Investment properties can bring you joy and headache both on a case by case base. So, let's talk about doing property management and if you should do it yourself or hire a professional to do it for you.

It is believed that hiring a professional property management company may be a smart move one can make if own investment properties. One important factor is that property managment compa...

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