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Free Advice to Buyers & Sellers in the Greater Los Angeles Real Estate

Posted on Oct 8, 2012 by in Active Rain | 0 comments

Free Advice to Buyers & Sellers in the Greater Los Angeles Real Estate Market

I am a Visual Person and I enjoy great pictures, charts and drawings. Anything that catches my eye, I try to delve into it. As most of you know, the definition of ‘delve’ is to carry on intensive research for data and to investigate deeper into the subject. Now with that said, I recently read an article published by Realestate.com comparing the National Real Estate Market to a Roller Coaster Ride. This article & the visual caught my interest. (For your convenience here is the article http://www.realestate.com/advice/riding-the-trillion-dollar-real-estate-recovery-roller-coaster-56135  )

 

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It was not that long ago when people were comparing the Real Estate Market to a Bubble. I find both analogies interesting and in some respect accurate. Ironically at the same time I also see this as meaningless banter and of little value to the potential buyers and sellers of real property in their local micro markets.

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If you want to impress your circle of influence at a dinner party or if you crave for  attention  in the media, than you carry on conversations in person or via your blog about Bubbles & Roller Coaster Rides of Real Estate and throw out some huge numbers such a Trillions of Dollars and you will be getting noticed. Ironically we have become a society of “sound bites”, “catchy headlines” and we generally lack the attention span for details.

The sad truth of what has been influencing buying and selling of Real Estate for the past ten years has been what was reported in the media and unfortunately often times not necessarily accurately.

Real Estate buying and selling in the past 13 plus years has consisted of: 1. Trends, 2. Herd Mentality, and 3. Momentum.

Real Estate has always been local and the Real Market which I represent buyers and sellers in, is the Greater Los Angeles Real Estate. This is such a large and diverse area, hence it is even more critical to be familiar with the Micro Real Estate Pockets.

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As an example I will use Beverly Hills as the center point for my illustration.

 Potential Buyers could be searching in the Ultra Luxury Market of $20 million and above or there could be potential buyers in the $5 million to $10 million range as well as buyers who could be searching between $1million to $3million ranges. All these homes could be found within a 15 mile radius from my Office. At the same time there could be homes in the price points south of $1million as well even to the point of average sales price of $250k for a home.

Hence as a buyer and seller, you absolutely need a seasoned, knowledgeable Realtor who can guide you and let you know about the different Micro Pockets. Trends are important, but more importantly you should buy a home to live in. It is a simple concept, live within your means and stay for a long period of time, than you will be fine. Leave the headlines & sensationalisms to others and focus on finding a nice home that you look forward to going home after you worked hard all day.

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If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Brentwood, Bel Air, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.comor visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

 

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