Archive for June, 2009

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Design-vs-Content-DESIGN-WINS

June 28, 2009

DON”T MISS THIS ARTICLE

As a designer and realtor I have been saying for years that Design wins over Content. And finally I’ve been vindicated. I’m so happy to say that someone in the real estate industry supports my premise. Check out the article below in Inman News to see why Design Wins over Content. It will change your perspective and probably your website!

http://www.inman.com/buyers-sellers/columnists/roberthahn/design-vs-content-design-winsI

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Keller Williams Grand Opening Celebration Tonight

June 27, 2009

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Keller Williams Realty Los Feliz Celebrates our move to Hillhurst Ave. with a Grand Opening Charity Event. June 27th 7-10pm

Dj Music, Photo Exhibition,Hors D’oeuvres,Wine,Silent Auction (7-9pm) and Lots of Fun. Hope you can celebrate with us.

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California Market a tipping-point phenomenon

June 22, 2009

Home sales in the hard-hit California market have recently reached levels that are nearly twice as high compared to when they were in the trough.

Evidently the California housing market is experiencing a tipping-point phenomenon: potential buyers suddenly wanting to enter the market all at once. People have waited and waited for the best time to enter the market. Why buy now if prices will be lower later? After having tumbled from unsustainable heights, home prices there are highly attractive and within budget for many fence-sitters. So when some buyers started to enter the market, other bystanders just couldn’t let others take advantage of the great buying opportunity. Many are now fighting to jump into the market. Multiple-bidding on lower-priced homes are said to be common in California. People who “lose out” during a bidding war don’t simply go home and wipe away their tears — they come back with almost vengeance-like determination and hope their next bid will be the highest. What does that mean for home prices? Though the year-over-year price measurement will continue to show declines in California, probably for the remainder of the year, the month-to-month price trends will more likely be on an upswing. In short, people who buy in June 2009 will likely see a price gain in June 2010.

By Lawrence Yun, Chief Economist, NAR Research

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18 OFFERS ON 1 PROPERTY

June 22, 2009

Feeding Frenzy in LA

The picture has definitely changed. Does this mean we have hit the bottom and are turning a corner on our way up. I typically work on the eastside of Los Angeles areas including Silver Lake, Los Feliz, Eagle Rock, Echo Park, Mt. Washington, Hollywood, Atwater, Highland Park. Buyers in the lower price range $250,000 – 500,000 have been putting away their money waiting for the ripest time for them to lunge into the market. Well some may have waited to long. I put an offer in on a property on a Monday in the san fernando valley in the mid $300,000. It was a strong offer – above asking price and very clean we basically asked for nothing.My client was so excited about the house and really wanted to buy it. On Wednesday I received a call from the other agent letting me know that she had received 18 offers and 6 were accepted none of which was mine. This seems to be a very typical story. Agents are writing offers like crazy and having a very difficult time getting the offer excepted. In so many cases the seller’s agent doesn’t even get back to you. As the foreclosure market tightens up we will see less inventory and many more multiple offer deals. The moral of the story is if you see a house your client loves I wouldn’t try to offer less then the asking price andi n many case more. Buyers are again experiencing competition. In this market most homes are a good deal in that the prices have gone down, but don’t expect the banks or private citizens to be giving away houses.

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3rd Annual Kites Over Silver Lake Festival

June 9, 2009

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Kites Over Silver Lake: Join the fun at the Third Annual Kites Over Silver Lake Festival, Saturday, June 20th, 12 Noon to 5:00 pm. The free event will feature Face painting, story telling, kites for children both to paint and to fly and a Children’s Art Exhibit. All this will take place at Bellevue Park, 826 Lucile. Note that there’s a parking lot off Marathon, but parking is limited. Walk or carpool if you can. A Silver Lake Improvement Assoc. Event

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Shakespeare at Barnsdall Park

June 9, 2009

Independent Shakespeare Company: On Friday, June 26th, the Company kicks off its 2009 season. Come see The Tempest at 7:30 pm in Barnsdall Park, 4800 Hollywood Blvd. (at the top of Olive Hill, between Vermont and Edgemont). Admission is free but donations are greatfully received. Reservations are highly recommended. To reserve your seat:
http://www.independentshakespeare.com or call (323) 836-0288.