Are you ready to sell your house? How exciting! Selling a home entails a whole lot more than just planting a “For Sale” sign on your front lawn or uploading a few photos of your home. Here are some tips on what we at Aspire Los Angeles would do to get your house ready before it goes on the market. These are ideas we use to increase the odds of receiving a great offer.
Hire a Real Estate Agent
Selling a home can seem to be a daunting task, and entail more than most homeowners think. But hiring the right agent at the start can make it a whole lot easier. With the insight from a real estate agent you’ll be able to have someone by your side that has your best interests at heart and guide you in the right direction. Here are 4 Reasons To Choose Aspire Los Angeles As Your Real Estate Firm. As an experienced real estate firm we will look out for your best interests, plan in advance to determine the best time to sell, maximize your proceeds and help alleviate your stress. Based on your needs we’ll match you with the right agent on our team.
Identify a game plan
Designing a home selling plan with one of our real estate agents is key to putting you in the best position for the most successful home sale. We’ll estimate your potential selling price, your costs and proceeds, and we’ll set a timeline to sell your home and get you connected to vendors we’ve worked with and trust. Vendors such as landscapers, painters, contractors, stagers, etc.
Once we’ve selected a target date to present your home to the market, we’ll create a timeline to make sure we have your house prepared on time. We’ll schedule all the pre-listing appointments like the cleaning crew, staging, photographer, videographer, etc. prior to the launch date, plan our showings and open houses. Though not always mentioned on the timeline, our agents will guide you through offer reviews, counter offers, and the inspection and appraisal period. We’ve got you covered.Once we’ve selected a target date to present your home to the market, we’ll create a timeline to make sure we have your house prepared on time. Prior to the launch date, we’ll schedule all the pre-listing appointments like the cleaning crew, staging, photographer, videographer, etc. We also plan the showings and open houses. Though not always mentioned on the timeline, our agents will guide you through offer reviews, counter offers, and the inspection and appraisal period. We’ve got you covered.
Determine the best ways to prep
You can lean on us for expert advice to make the prepping process easier and more profitable for you. Some of the things we’ll discuss include: improvements, cleaning, making repairs, decluttering, cleaning and staging. Preparations such as painting, repairs, renovations, and general sprucing up, but we will also take care of a marketing plan and make sure your home’s best features are displayed in their best light. Once we’ve discussed what should be done, we’ll hire the right team to execute the plan.
If you are interested in buying property or selling your home. We, at Aspire Los Angeles, would like to assist you in this matter. Please don’t hesitate to contact us. We look forward to connecting you with the right agent on our team.
So you are planning on moving to the city of Angels? The center of the film industry, fame & fortune but also miles and miles of beaches, nature, city parks, a wide array of amazing architecture and the best weather!
With a population close to 4 million, Los Angeles is one of the best places to live in the state of California. People from all over the world are moving to Los Angeles with its pristine natural landscape, amazing weather, never ending opportunities, and an abundance of things to do.
Are you in for a smooth transition? Here are some tips you’d like to consider before relocating to LA and diving into the California way of life.
Neighborhoods are really a big deal
The best neighborhoods in Los Angeles are among the most desirable in Southern California. Beach-side beauty, soaring skyscrapers, and picket-fence suburban living, we’ve got it all! Here are some examples. Culver city is located really central, has a great local town feel and shopping areas, as well as parks and schools. Los Feliz, located almost in the middle of the city, has easy access to Griffith Park and all its hikes and trails, as well as Vermont and Hillhurst, the local streets full of restaurants and shops. Downtown LA, where architecture meets walkability. Art deco high-rises to modern skyscrapers, nightlife. Downtown LA really has it all. Our favorite neighborhoods, Jefferson Park & West Adams with its gorgeous historic homes. A mix of Edwardian and Art Deco homes but the most prominent style to be found are Craftsman-style bungalows. Also centrally located and with a great community feeling.
Traffic is our way of life
No matter what neighborhood you choose to live in, traffic becomes part of your daily planning and routine. Before buying a home or looking for an apartment, make sure to factor in commuting time. It might be worth the extra money to live closer to work and essential amenities.
Unlike many other metropolitan areas, nature is all around in LA. Whether you love hiking through the mountains, skiing at Snow Summit, or enjoying the wonders of the ocean, there is something for you to do in the city.
The weather is truly amazing
One of the many reasons why people want to move to Los Angeles is for the weather alone. As part of the beloved California Mediterranean climate, residents enjoy mild to hot and dry weather all year round with virtually no humidity.
If you are planning on moving to Los Angeles. We, at Aspire Los Angeles, would like to assist you on your journey. We are passionate about our city. We look forward to connecting you with the right agent on our team.
When you’re a first time home buyer and you imagine your dream home, you probably picture a detached, single family house. A property that has only one residential unit. But that’s far from the only option available to first-time home buyers in today’s housing market. Another option is a multi-family home, which is increasingly popular nowadays.
What is a multi-family property?
A multi-family property is any property that has more than one unit. The smallest multi-family property has more than one unit and are called duplexes. The next step up are triplexes and fourplexes, having three and four units each, respectively. These multi-family units enable you to live in one unit and rent out the other(s) to offset your mortgage costs.
If you are a first time home buyer and weighing the options of a single family home versus multi family homes. Here are 4 reasons why you should consider a multi-family home as your first real estate purchase.
Lower Down Payment
One of the great benefits of buying a two to four unit multi-family home is that you can get a conventional primary residence mortgage with as little as 5% down. You could also qualify for Federal Housing Administration (FHA) and purchase a property with 3.5% down. If you’re a veteran or active-duty military, you may be able to get a home with 0%-down with a Veterans Affair loan.
Primary Residence Financing
It’s usually much cheaper to finance a primary home. If you’d like to take advantage of primary residence financing. You’ll get a lower interest rate and lower fees than you’d get for an investment property loan. If you’d like to qualify for primary residence financing, The United States Department of Housing and Urban Development (HUD), the parent of FHA, requires buyers of multi-family homes to occupy one of the units as your primary residence.
Lower Housing Payments
Another benefit of a multi-family home and therefore collecting rental income, is that it makes your housing payment lower or even erases it altogether. For example, if you buy a fourplex with a mortgage payment of $3000 per month and you collect $2500 in monthly rent from the other two units, your out-of-pocket housing payment drops to $500. Alternatively, you can use the rent money you collect to pay down your mortgage even faster.
Build equity faster
Buying a multifamily home instead of a single-family residence also lets you build equity faster — and by using your monthly rental income. For example, if you can spend $400,000 buying a triplex or $200,000 buying a single-family home, making your monthly mortgage payments on the triplex will build equity twice as fast.
Thus, there are many advantages to owning multi-family real estate. These include access to better financing opportunities, lower housing payments (due to rental income), and the ability to quickly grow one’s investment portfolio.
We at Aspire Los Angeles, would love to assist you in finding a sustainable multi-family unit which you can add to your investment dossier.
During shifts in the real estate market place, like the one we are experiencing right now, we receive more questions about real estate investing. Home prices are growing at a much slower pace and this can have a positive impact on income property prices for first time investors. The rental market is not indicated to slow down, we foresee it will keep on climbing, creating a great environment for investors.
Investing in real estate to create wealth is sound strategy, but what many don’t realize is that there are some very real dos and don’ts when it comes to making your (first) investment.
Real estate investing is not just exciting and potentially profitable – it’s also intimidating and carries with it some very real risks. As such, it’s important to pay attention to some of the main things that can help you get the absolute best results possible from your efforts.
These dos and don’ts can make a huge difference in your results, and can ensure that you find true success when investing in real estate. Here are the main points to keep in mind.
- Don’t Act Based on Emotions – It’s far too common for people to let their heart guide them when making an investment decision. But your mind is what you should be listening to. Logic and hard numbers should be a key factor in your investment – don’t act on emotions.
- Don’t Assume You Know It All – Investors making their first purchase often get cocky and assume that they have all the answers. It’s important not to assume that you know it all or that you can learn everything in a couple of days. Instead, be patient and take your time learning everything that you can. You’ll gain skills that will help you throughout your investments throughout the future – but only if you listen and learn.
- Do Your Research – Take the time to calculate expenses, potential profits, overall costs, and more. There’s no need to make a purchase without doing some due diligence, and making the right investment decision begins by knowing all you can about a property’s potential and your investment results.
- Don’t Ignore Debts – Be sure to pay attention to the debts that you carry into your investment. Everything from student loans to medical bills can have an impact on the rates you get and the terms of a loan, and the better your portfolio and your history, the better your results.
- Give Tenants Your Attention – It’s easy to ignore tenants once you have a property and a signed lease. But word of mouth makes a huge difference in your investment future, and giving tenants the attention they deserve is important.
The bottom line here is simple – don’t make rash decisions and be sure to consider all of your options carefully to make sure you get the results you need and get the best outcome from every investment.
It’s taken years, but you’ve put in tremendous work and finally reached a point where you’re ready to start your investment portfolio the right way. Starting an investment portfolio is something that you’ll want to consider carefully, but just remember that for many, real estate remains the go-to foundation for creating a solid portfolio that they can trust to last a lifetime.
Starting A Real Estate Investment Portfolio
Marshall Field, an entrepreneur from the 1800s, once said “Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” Outside of winning the lottery or landing a huge inheritance, he’s not too far off the mark even today. Real estate investors are well-known as being among the wealthiest in the country, and while your investment portfolio can rely on stocks, hedge funds, and more, it is well worth taking the time to build your real estate legacy as well.
Why Is Real Estate So Important? So just why should you consider owning real estate as an investment? There are several key reasons that stand out. Some of the main ones include:
- Leverage – Real estate is among only a handful of assets that allow you to use huge amounts of leverage to own the asset. Lenders will generally give you the money you need if you meet basic qualifications, and even a small 2% rise in your home’s value could give you double-digit returns on the investment.
- Supply and Demand – Mark Twain once said “Buy land. They’re not making it anymore.” That shows just why it’s worth investing in real estate. There is only so much of it to go around, and yet there is a constant demand for it. Simply put, it’s one of the most reliable options when building a portfolio.
- Inflation-Proof – Inflation can impact virtually everything out there in terms of cost, and makes it harder to get the most from your money at times. But real estate is one of the few things that is essentially inflation proof and that you can buy with confidence.
The key to succeeding when you’re creating a real estate legacy and starting your investment portfolio is to work with real estate pros who understand your goals. Take the time to talk to them about what you’re looking for, and they can help guide you towards investments that you can buy with confidence.