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Showing posts with label Betancourt Real Estate Group. Show all posts
Showing posts with label Betancourt Real Estate Group. Show all posts

Friday, July 17, 2015

NEW PRICE!! Hollywood Hills Vacant Land for Sale

Hollywood Hills Vacant Land Opportunity 

Beachwood Canyon
3065 Belden Drive, Hollywood Hills

NEW PRICE |  $140,000   | 6,317 sf lot

 

Lot Size: 6,317 sq ft
Zoning: R1-1
APN #: 5583007003
Lot: 45

Community Plan Area: Hollywood 
Specific Plan Area: Hollywoodland
Hillside Ordinance

Purchase includes: Soil Report

Public Information on the lot can be viewed at ZIMAS.ORG or NavigateLA.

For more photos, visit: www.BetancourtRealEstateGroup.com

 



Monday, June 30, 2014

Spacious Move-In Ready Condo


Westminster, Los Angeles, California
2 Bedroom | 2 Bathroom | 1,510 sq ft
 
This spacious Los Angeles condo features a spectacular open floor plan and stylish kitchen. Enjoy the beautiful natural light and tree-lined street.

Want to find a condo? Go to: www.BetancourtRealEstateGroup.com

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Monday, December 2, 2013

Mortgage Rates Rise for 30 year fixed loan to 4.29%



Last week, interest rates rise before the Thanksgiving holiday.  Freddie Mac has stated that the average interest rate rose from 4.22% to 4.29% for a 30-year fixed loan rate.  Rates for a 15-year loan rates rose from 3.27% to 3.33%.  

According to the Standard & Poor's/Case-Shiller index released last Tuesday, showed home prices increase in 20 major cities by 13.3% from September 2012.  For example, a home on the market last year was listed at $350,000 will have list price of $396,550 in the current market.  

How is the increase of mortgage rates effect the real estate market?  One factor is the home sales prices are declining which is stabilizing the multiple offer situation we saw earlier this year.  The seasonal trend for the fall and winter is normal to be low.  

The National Association of Realtors reported a pending sale decrease for the fifth consecutive month. 

It will be interesting to see how the market will shift in January 2014 and in the peak season of Spring 2014.  

For more information about the local market and local homes for sale, visit www.BetancourtRealEstateGroup.com or email us with a list of your search criteria.

Source: LATimes.com 

Tuesday, November 12, 2013

JUST SOLD - Renovated Condo in Sherman Oaks

 5003 TILDEN AVE                                                                                                              

Sherman Oaks, California
2 Bedrooms | 2 Baths | 949 sqft

JUST SOLD! Closed in 27 days!

Move in ready condo with recent renovations.  Walking distance to beautiful Park and downtown Sherman Oaks! Successfully Represented Buyer.



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Wednesday, August 21, 2013

Monday, August 12, 2013

Home Sellers: Overprice or Underprice your Home on the Real Estate Market?




It's a seller's market with buyers overbidding on properties and this trend doesn't seem to be dying down.  When setting an asking price, homeowners are coming across two school of thought:  

1) OVERPRICING 

Homeowners and agents believe that a higher asking price will draw higher offers from potential buyers.  This technique works when inventory is low when there is little "ACTIVE" homes on the market.  

2) PRICE BELOW NEARBY PROPERTIES

Homeowners and agents believe that pricing homes below nearby properties by 5% ot 10% will create a bidding war.   This technique works great in a heated market and for buyers who are looking for a bargain.  The bidding war has seen a potentially of 10% or 15% to the sale price! 





Which technique is best? 

Every house is different and discussing with a Local Realtor like myself will help you determine with strategy works for your home and you.

For a complementary home value report and our marketing strategies, contact us at www.BetancourtRealEstateGroup.com.  We cover Encino, Sherman Oaks and surrounding areas.

Source: WSJ.com
Graphs and Charts: Redfin.com

Monday, July 8, 2013

How Will Mortgage Interest Rates Effect Your Mortgage Payment

by Yvette Betancourt

Interest rates jumped one percent within a week in the month of June 2013.  Talking with the mortgage lenders I have done business in the past, told me that same thing -  the era of historical low interests are O-V-E-R!!!  The same week that interest rates jumped a whole percent, I read an article on my LinkedIn network that rates would continue to rise by the end of the year.  Some analyst dared to mention six percent interest rates.  

But what does all these numbers mean?  How will it effect buyers and sellers?  

It all comes down to numbers.  For sellers, the interest rate affects the refinancing of their home.

For buyers, it means a change in your purchase price range as price of homes continue to rise. 

Let's look at three Case Studies that will reflect a mortgage payment at three different interest rate:

Case Studio #1  at 3.5% rate

Conventional Loan

Purchase Price of Home: $450,000
10% downpayment of: $45,000
Loan amount for home: $405,000

Closing Costs in month of July

Fixed Cost: $7,893  
Pre-Paid Cost: $4,267
Total: $12,160 

Grand Total Due at Closing of Escrow (downpayment + closing costs): $57,160.00

Payment Info:

Principal and Interest: $1,818.63
Haz. Insurance: $131.25
M. Tax: 462.00
PMI: $178.88

PITI: $2,590.76


Case Studio #2  at 4.5% rate

Conventional Loan

Purchase Price of Home: $450,000
10% downpayment of: $45,000
Loan amount for home: $405,000

Closing Costs in the month of July

Fixed Cost: $7,893  
Pre-Paid Cost: $4,433
Total: $12,326
Grand Total Due at Closing of Escrow (downpayment + closing costs) : $57,326

Payment Info:

Principal and Interest: $2,052.08
Haz. Insurance: $131.25
M. Tax: $462.00
PMI: $178.88

PITI: $2,824.20

Case Studio #2  at 6% rate

Conventional Loan

Purchase Price of Home: $450,000
10% downpayment of: $45,000
Loan amount for home: $405,000

Closing Costs in the month of July

Fixed Cost: $7,893  
Pre-Paid Cost: $4,683
Total: $12,576
Grand Total Due at Closing of Escrow (downpayment + closing costs) : $57,576

Payment Info:

Principal and Interest: $2,428.18
Haz. Insurance: $131.25
M. Tax: $462.00
PMI: $178.88

PITI: $3,200.30

The increase of 1% in interest rates is $233.44 mortgage payment difference and $250.00 of closing cost difference. If interest rates rise to 6%, the difference is increase by $609.54 mortgage payment and $416 of closing cost difference. 

Is now a good time to enter the real estate market?

Contact me for more information about today's real estate market.



Monday, June 3, 2013

15 Door Knocker Designs - Like or Leave Alone?

by Yvette Betancourt 

When you visit someone, the first impression of that home is created as soon as you reach the entrance. Naturally, the same thing happens for your guests as well.  Check out these unique door knockers that can create a lasting impression. 


Wednesday, May 29, 2013

Are Foreclosure Becoming a Rare Sale?

by Yvette Betancourt 


According to CoreLogic, foreclosure inventory continued to shrink in April.  24% down from last year.  The shadow of foreclosure and distress continues to fade.  Six states have year-over-year declines in the foreclosure inventory of more than 40 percent, and one of those states is  California.  How much of decline?  How about 50 percent. 

In today's market, standard sales have become the norm.  Every now and then you can spot a foreclosures/shortsale property.





Tuesday, May 21, 2013

5 Easy and Budget-Friendly Tips to Get Your Home Ready to Sell

We can all learn a little something from professional home stagers.  I know I can! 

To stage or not to stage? It's a sensitive subject to homeowners.  Do you allow someone to move your furniture and personal items to appeals the general public of buyers? For me, it almost implies that the home you’ve been living in quite comfortably isn’t actually good enough for everyone else. 

The truth of the matter is that we can all learn a little something from professional home stagers. The good news is that many of these things are easy to do and budget-friendly to boot!   


1. Declutter and Get Organize

The number one rule of home staging is to get rid of all clutter. The best way to do that is to have a designated place for everything whether it's file boxes in the office or storage jars in the kitchen

TIP: This task can seem daunting (which is why there are probably companies you can hire to do this for you) but if you think of tackling one room per weekend you could have a well organized and clutter-free house by end of summer. 


2. Freshen Up with Paint

Home stagers will tell you that in order to have the best chance of selling your home you should choose neutral paint colours that appeal to a wide spectrum of buyers. There is no denying that a freshly painted house seems cleaner, brighter and more welcoming. 

TIP: If it's been a few years (or decades!), you might want to consider a touch up. You’ll be amazed at what a difference a little paint can make. 


3. Rearrange Furniture

Oftentimes, all it takes to revitalize your home is a simple reshuffling of the existing furniture. Don’t be surprised if your home stager tells you to move some of your items into storage and distribute what's left around the house. 

TIP: In order to create more space and flow you might want to remove some of the chairs from your dining room and add them to your living space. Conversely, you might take an occasional chair from your living room and place it in the hallway. See what rearranging your own furniture can do for your space. 


4. Add Decorative Touches

The role of a good stylist is to add those small decorative touches that turn a ho-hum space into something intriguing and dynamic. 

TIP: Take a look through your closets and see what accessories you have that could make your place look a little more pulled-together. Look for items that are either all in the same colour palette or the same shape. Repetition is key!   


5. Create Zones

Potential home buyers like to imagine their life in your space. By creating distinct zones of eating, relaxing, studying, playing and working, you allow them to envision a harmonious day-to-day routine in their new digs. 

TIP: Take the time to walk around your house to see if there are any spaces that are not being used to their full potential. Try to think as a stranger -- what would bother you if you weren't already totally used to it? 


Are you thinking of selling? Contact me, Yvette Betancourt, for a complimentary home value.




Tuesday, April 30, 2013

Los Angeles River Fun Run - THIS SUNDAY!!!


Gather the family and sign up for this family friendly event! Kids are free with parent signup.  Free Parking for runners at Costco.  

Opening ceremony starts at 7am.

Sign up at lariverfunrun.com

Monday, April 29, 2013

March pending home sales hit highest level since 2010!


by Yvette Betancourt

It's here and it's happening..... the seller's market.  According to the LA Times, March was the highest numbers of pending sales since 2010!  That is a 7% increase since last year's number for the same month. 

Due to the limited supply of homes for sale, the increase in sale prices have already shown. This change is affecting first time home buyers to investors. 

With this new information, will the National Association of Realtors' chief economist, Lawrence Yun, predication of median price for existing home sales to rise about 7.5% come true?

Only time will tell the true answer....only money is on a "YES"


Tuesday, April 23, 2013

SUSHI + LOUNGE MUSIC + SPORTS BROADCASTING


By Yvette Betancourt

Looking for a great place to grab sushi? Try Sushi Mac at Sherman Oaks.  Prices are paid by the plate. Enjoy the bar seating while listening to lounge music and watching the latest sport broadcasting on the big screen tv.   Don't forget to bring CASH.  

Wednesday, April 10, 2013

NEW CONSTRUCTION HOMES ARE UP 17% SINCE LAST YEAR


Since last year, new construction home sales are up 17 percent.  And surprise... surprise...low inventory of unsold units available.  (story of the 2013 real estate season) There are new homes being planned but won't be ready or built anytime soon.  Builders are having a hard time keeping up with the housing demand.  
This gives home sellers a great opportunity to sell their home or refinance their home.  
Think of selling, sign up for a complimentary home evaluation report.
Looking to refinance, email me for a list of lender we work with.