10 Mistakes to Avoid When Selling Your Home

Victor Quiroz Real Estate Agent Berkshire Hathaway Home Services California Properties

Selling your home may seem like a mystifying process, but it doesn’t require any hidden knowledge that the real estate industry is keeping secret. In other words, “if you price it right and you prepare it right and you don’t let any buyers in until it’s all ready, your house will sell in any market,” says Anne DuBray, a real estate broker with Coldwell Banker Residential Brokerage in northern Illinois and southern Wisconsin.

But selling a house can become more difficult if you ignore the tried-and-true practices that have helped home sellers in the past. Read more here.

 

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America’s Top Small Cities Will Blow Your Mind: Can You Guess Where’s Best?

Victor Quiroz Real Estate Agent Berkshire Hathaway Home Services California Properties

Do you adore living in a city, but cringe at the sky-high cost of housing there—or even whether you’ll be able to find a nice place for dinner and drinks? Then the perfect compromise may be to steer clear of the big cities and head toward a small city instead—starting with Leawood, KS.

Located about 10 miles south of Kansas City, Leawood, with a population of just under 35,000, was recently ranked 2019’s best small city in America by WalletHub. Read more here.

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Listed at $250M, Bel Air behemoth sells for $94M

Victor Quiroz Real Estate Agent Berkshire Hathaway Home Services California Propeties

What does $94 million in Los Angeles real estate buy? Twenty-one bathrooms, 12 bedrooms, an infinity pool, a wall of candy dispensers, elevators lined with crocodile skin, a James Bond-themed theater, a four-lane bowling alley, and a helipad.

Those were some of the amenities advertised in a spec mansion that hit the market in 2017 with a headline-grabbing $250 million price tag. Citing sources with knowledge of the transaction, the Wall Street Journal reports today that the Bel Air property has sold for $156 million less. Read more here.

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The salary you need to buy a house in 10 of the largest cities in the US

Victor Quiroz Real Estate Agent Berkshire Hathaway Home Services California Properties

If you’re in the market for a house, you might want to look outside of California. According to a new report from HSH.com, a site that tracks mortgage rates, the four most expensive metro areas in the country are in the Golden State.

HSH.com’s quarterly report estimates the annual income needed to qualify for the median mortgage in the 50 largest metro areas in the U.S. It uses data from the National Association of Realtors, the Mortgage Bankers Association and available property tax and insurance information to make its calculations.

It also assumes a down payment of 20%, a fixed-rate, 30-year mortgage and an industry standard 28% debt-to-income ratio for buyers. Read more here.

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The best things to do in LA this summer

Victor Quiroz Real Estate Agent Berkshire Hathaway Home Services California Properties

Looking for something to do over Labor Day weekend? Welcome to Curbed LA’s city guide, a map of 26 essential things to do in Los Angeles. Suited for locals and visitors alike and curated by Curbed editors, this map is a guide for an ideal summer weekend in Los Angeles. It’s also inspiration for entertaining out-of-town friends and family—without visiting a single tourist trap

The pocket guide is updated seasonally, spotlighting cultural institutions, the outdoors, and beautiful spaces. With summer in full swing, picks include kayaking in the Naples Canals, touring Malibu’s spectacular first beach house, feasting on seafood at the waterfront, and viewing a powerful exhibit on black art at the Broad. Read more here.

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Land values in these two states are growing faster than in California

Across the country, the price of land occupied by single-family homes ticked up from 2012 to 2017. But despite soaring housing costs in California, the Golden State didn’t rise to the top of the list.

According to a recent report from the Joint Center for Housing Studies of Harvard University, both Nevada and Colorado actually outpaced California when it comes to the increase in land values per acre. Read more here.

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LA housing construction surging—for now

Builders in Los Angeles County are on track to complete nearly 10,000 new homes before the end of the year, according to a new report from real estate company Marcus and Millichap.

The 9,400 units of housing on the way in the second half of 2019 is higher than the number of units constructed in all of 2018—or 2017.

Most economists agree that building new housing is a key part of addressing steep rental prices and home costs throughout the state. Gov. Gavin Newsom pledged last year to oversee construction of 3.5 million new homes by 2025. If distributed according to population, that would leave LA County responsible for contributing nearly 900,000 residences to that total. Read more here.

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