home sales

How To Find A Realtor (Buyer)

[youtube https://www.youtube.com/watch?v=Hf7vgVU_IGs&w=420&h=315] Did you know most people choose a Realtor by spinning the wheel of fortune? When you are buying a home, you really should take the time to interview agents to help your buying experience the most enjoyable as it can be.

Did you know not all agents work the same? Some don't work weekends, some don't want to work with buyers, some only work certain hours of the day, some are part time, etc.  But how will this benefit you when you are working hard to find the home of your dreams.

Interviewing agents is a extremely important part of successfully buying a home.

Enjoy the above Periscope broadcast to learn a few things when choosing a Realtor! (recorded March 19, 2016)

Please note I have a correction: If an agent tells you they will not let you out of a buyer's agency, please think long and hard before signing.

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Snapchat: @realtygoddess Periscope & Twitter: @realtygoddess Instagram: realtygoddess1 Facebook: www.Facebook.com/RealtyGoddess Website: www.KeyCaliforniaHomes.com

The “KEY” to your real estate dreams!

Lots of Los Angeles Real Estate Agents want to be stars as big as the celebrities they cater to. Me? I just want to help people find the homes that make them happy and help them to create a sanctuary for future dreams and lasting memories.

Laura Key 310-866-8422 Laura.A.Key@gmail.com Cal BRE #01908085

Happier Hardwood Floors

Hardwood Floors

Hardwood floors make for a beautiful, stunning addition to your home. However, they can bring new cleaning and maintenance challenges that aren’t present with carpet. Here are some tips for simple, efficient, and thorough hardwood floor cleaning.

Make the job easier Place mats on either side of your exterior doors and always remove your shoes before entering your home—and make sure your guests do the same. Protect the floors by placing felt (or similar) protectors on the feet of your furniture, and use area rugs to designate play areas for the kids. This will reduce extra dirt, dust, and floor scratches.

Weekly cleaning Sweeping with a standard broom will remove some dirt and dust, but not as much as a mop, wipe, or broom that’s been treated with a dusting agent such as a Swiffer. You could also invest in a vacuum that is designed for hardwood floors. Just be sure that the vacuum won’t leave scratches!

Deeper cleaning Regular sweeping will remove most dirt and dust, but occasionally you’ll need to give the floors a deeper cleaning to remove the dirt and grime that builds up in your floors’ seams. Use a wood-cleaning soap to thoroughly mop your floors, but make sure the mop isn’t sopping wet—you don’t want to leave standing water.

Spots and scuffs Most of the marks that occasionally show up on your floors, such as scuffs from rubber soles on boots and shoes—can be wiped away with a rag or very fine steel wool.

To find your next home: www.KeyCaliforniaHomes.com To find the value of your current home: www.CaliOnTheMove.com

The "KEY" to your real estate dreams!

Lots of Los Angeles Real Estate Agents want to be stars as big as the celebrities they cater to. Me? I just want to help people find the homes that make them happy and help them to create a sanctuary for future dreams and lasting memories.

Laura Key 310-866-8422 Laura.A.Key@gmail.com Cal BRE #01908085

Distressed Housing Market Shrinks Dramatically in Last 5 Years

Image Distressed housing market shrinks dramatically since housing downturn of Great Recession

LOS ANGELES (March 10) – Vastly improved home prices over the past five years have changed the landscape of California’s distressed housing market, which is now just a fraction of what it was during the Great Recession, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

In January 2009, 69.5 percent of all homes sold in California were distressed, which includes short sales and real estate-owned (REOs) properties. Five years later, that figure has shrunk to 15.6 percent.  More specifically, REOs comprised 60 percent of all sales in January 2009, while short sales made up 9.1 percent of all sales but rose to as high as 25.6 percent in January 2012. Short sales currently make up 9.2 percent of all sales.

During the same time period, California’s median home price has soared more than 64 percent from $249,960 in January 2009 to $410,990 in January 2014.

“The dramatic drop in the share of distressed sales throughout the state reflects a market that is fully transitioning from the housing downturn,” said C.A.R. President Kevin Brown.  “Significant home price appreciation over the past five years has lifted the market value of many underwater homes, and as a result, many homeowners have gained significant equity in their homes, resulting in fewer short sales and foreclosures.”

The statewide share of equity sales hit a high of 86.4 percent in November 2013 and has been above 80 percent for the past seven months.

In some of the hardest hit California counties, the distressed market in January 2009 was 93.6 percent in Stanislaus County, 93 percent in San Joaquin County, 89.5 percent in San Benito County, 86.1 percent in Kern County, 85.6 percent in Sacramento County, 84.2 percent in Fresno County, and 83.6 percent in Monterey County.  The distressed market now has shrunk to 24.8 percent in Stanislaus, 25.1 percent in San Joaquin, 17.5 percent in San Benito, 18.4 percent in Kern, 19.9 percent in Sacramento, 26.3 percent in Fresno, and 16.9 percent in Monterey counties.

Of the reporting counties, San Luis Obispo, Orange, Santa Clara, and San Mateo counties held the lowest share of distressed sales in January 2014 at 10.2 percent, 9.5 percent, 7.7 percent, and 6.8 percent, respectively.

Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Single-family Distressed Home Sales by Select Counties

 

Distressed Sales by County Jan. 2014 Jan. 2009
CA 15.6% 69.5%
El Dorado 20.1% 63.0%
Fresno 26.3% 84.2%
Kern 18.4% 86.1%
Los Angeles 15.8% 62.4%
Monterey 16.9% 83.6%
Orange 9.5% 60.3%
Placer 15.1% 68.1%
Riverside 15.6% 79.4%
Sacramento 19.9% 85.6%
San Benito 17.5% 89.5%
San Bernardino 21.7% 81.9%
San Joaquin 25.1% 93.0%
San Luis Obispo 10.2% 52.2%
San Mateo 6.8% 48.2%
Santa Clara 7.7% 68.0%
Santa Cruz 11.6% 56.6%
Stanislaus 24.8% 93.6%
Tulare 20.0% 45.8%
Yolo 13.3% 74.5%

Tree Hugging REALTOR®

This weekend I had a wonderful time previewing homes in Hancock Park.  You would think that since I see so many homes with clients the last thing I would want to do on a rare off Sunday is go see more homes! Sometimes you find treasures worth more than gold.  Such is the finding of this fabulous tree.  This great maze of branches and leaves still lives behind a multi-million fixer upper.

The minute you see this fallen beauty you know it has stories to tell.  Children climbing it's branches, picnics under it's once upright limbs. You just don't see things like this everyday.  And even though this old tree has fallen, it will still have many stories to tell.  I do hope that the new owners leave it right where it is, so it can create future stories for all to wonder at.  

There is something so rare, so beautiful and so peaceful about standing beside it.  I could not fit the whole tree in a single photo.  Look at the first photo, you will see the base and some of it's exposed roots.

image

Now, look in your left hand corner at the person standing beside the tree.  You can clearly see just how majestic this beautiful tree actually is! In fact it reminds me of the trees that come to life in "Lord of the Rings" the ones who can hold you tight in their grasp while traveling great distances.image

Memories, precious memories this tree holds! I feel all the more wiser just for seeing this classic beauty!

Ready to start making memories of your own?  Find your new home today! Text LKHOMES to 87778 for your FREE. Or call me today and let's get started on your personal journey! 310.866.8422

Hancock Park, Memories, California Homes, Holiday Joy, Childhood Dreams, Trees, Old Trees, Wisdom, Peace, Peaceful, Joy, Majestic, Realty Goddess, Realtor Goddess, Real Estate Agent, #1 Agent, Windsor Square, Mid-Wilshire

More Renters Say They Want to Own, Survey Finds

Interested in purchasing a new home! I have a team that can help you reach your real estate goals!  Call me today! Laura Key 310.866.8422

House in Hand

The majority of renters say home ownership is one of their highest priorities for their future, and more renters are saying they want to buy soon, according to the 2013 National Housing Pulse Survey, conducted by the National Association of REALTORS®. Renters are showing stronger desires for home ownership compared to recent years, according to the survey. 

“Home ownership matters to Americans who consistently realize the many benefits it provides to communities, families, and the nation’s economy,” says NAR President Gary Thomas. “Due to high housing affordability and today’s interest rates it makes sense for people to consider home ownership over renting. In fact, in many parts of the country it’s cheaper to own a home than to rent one. Therefore, it’s no surprise that renters recognize that owning a home offers tremendous long-term benefits and is an investment in their future.”

Fifty one percent of renters say that eventually owning a home is one of their highest personal priorities, up from 42 percent in the 2011 survey.

The survey found that 80 percent of the 2,000 Americans surveyed say they believe buying a home is a good financial decision. Sixty-eight percent said now is a good time to buy a home, too. 

Their main motivations to home ownership: Building equity, wanting a stable and safe environment, and the freedom to choose where to live, the survey found. 

Meanwhile, the main obstacles to home ownership have remained the same over the years: saving for the down payment, closing costs, low wages, and student loan debt. 

“Student loan debt is a concern for many consumers in today’s market, especially first-time buyers,” Thomas says. “Buyers with student loan debt may find it difficult to access mortgage credit, as well as save for a down payment. Pending mortgage finance regulations requiring higher down payments could also contribute to the already tight lending environment. REALTORS® are working with regulators to address this issue and are committed to making sure those who are willing and able to own a home have the opportunity to pursue that dream.”

Source: National Association of REALTORS(R)

A Bit About Mold

There are a number of little things to look out for when purchasing a new home. Normally the things to consider includes such things as location, wiring, the condition of the house itself, and several other factors. One of these factors that the home buying public is becoming more concerned with is mold.

OLYMPUS DIGITAL CAMERA There are a number of little things to look out for when purchasing a new home. Normally the things to consider includes such things as location, wiring, the condition of the house itself, and several other factors. One of these factors that the home buying public is becoming more concerned with is mold. There are many different types of mold that can occur in a home and lead not only to structural damage, but some health concerns as well. Mold is difficult to find in many homes as it grows exclusively in dark and moist areas that are usually hidden somewhere in the structural areas of the home such as attics and basements. By the time mold shows up in the actual living areas, chances are that it is all through the home.

One of the most likely places for mold to form is anywhere that moisture is improperly vented. Another area of concern is if a home has ever flooded and was not completely or properly cleaned and dried after. Leaky plumbing and basement crawlspaces are other likely candidates. Mold can be a difficult thing to completely get rid of as the only thing it needs to continue growth is an organic material such as wood, and moisture. Both of these items are usually abundant in any home. The most likely was that moisture finds its way into the home is through faulty or leaky roofs and foundations. Both of these areas should be checked over by an experienced mold inspector on a fairly regular basis if there is any worry of mold beginning to grow, or if these has been mold in the past. Mold can be an expensive problem to deal with so be pro-active about looking for it, it can save you money in the long run.

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Where Asking Prices Are Rising the Most

California is rising fast, yet it's not at the highest it's ever been. Interested in buying or selling!  Let me assist you in reaching your real estate goals! Laura Key 310.866.8422

House in Hand

Median list prices in May edged up 2.10 percent month-over-month, as housing inventories also were on the rise, creating a greater balance between supply and demand, according to realtor.com’s latest Real Estate Health Report. 

The nationwide median list price was $199,000 for May, and up 4.79 percent year-over-year. 

"We are seeing large regional markets across the country leading the way to national recovery. These regions are acting as a microcosm for what's slowly happening in the larger real estate market," says Steve Berkowitz, chief executive officer of Move. "Overall, we're seeing seller confidence beginning to respond to consumer demand. Nationally, there are more homes going on the market for a shorter amount of time.  And this is happening in our hot markets on a much larger scale."

California housing markets are seeing some of the highest median price gains. The following 10 markets have seen the highest year-over-year list price gains: 

1. Sacramento, Calif.: up 42.45%

  • Median list price: $284,900

2. Oakland, Calif.: up 38.27%

  • Median list price: $495,000

3. Detroit, Mich.: up 31.73%

  • Median list price: $125,000

4. San Jose, Calif.: up 30.58%

  • Median list price: $679,000

5. Los Angeles-Long Beach, Calif.: up 27.80%

  • Median list price: $428,000

6. Fresno, Calif.: up 27.48%

  • Median list price: $219,900

7. Phoenix-Mesa, Ariz.: up 27.03%

  • Median list price: $235,000

8. Stockton-Lodi, Calif.: up 25.63%

  • Median list price: $199,750

9. Reno, Nev.: up 24.23%

  • Median list price: $235,900

10. Santa Barbara-Santa Maria-Lompoc, Calif.: up 24%

  • Median list price: $775,000

Source: realtor.com®

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Laura Key

Realty Goddess

Laura Key on CBS News

Bankruptcy And Buying A House - Is It Smart To Buy A House After Bankruptcy?

 

Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home.

bankruptcy

Each year, millions of people file bankruptcy as a means of erasing their consumer debts. While this approach may relieve stress, a bankruptcy is damaging, and will hang over your head for the next ten years. Still, it is possible to overcome bankruptcy. The key is making smarter financial and credit decisions. With this said, some people choose to purchase a home after a bankruptcy. Here are a few pointers to consider when buying a home.

Reasons to Delay the Buying Process after Bankruptcy

If you consult with mortgage or financial experts, they will likely discourage you from buying a home following a bankruptcy. After your bankruptcy is discharged, there is a black cloud that looms over your credit report.

When any prospective lender reviews your report, they will be notified of your recent or past bankruptcy. In some instances, this justifies an immediate denial. On the other hand, there are lenders eager to help you establish or rebuild your credit. Thus, they will approve a loan request. Nonetheless, the penalties are steep.

Higher mortgage rates can be anticipated when purchasing a home after bankruptcy, especially if you have not established other credit accounts. Mortgage lenders consider two factors: credit scores and credit reports.

Although a bankruptcy appears on your credit report, having a high credit score will increase your odds of getting a comparable rate. Unfortunately, if you buy immediately following a bankruptcy, you will not have the opportunity to boost your score.

Reasons to Buy a Home after Bankruptcy

Lenders will approve mortgage loan applications one day following a discharge. Therefore, it is possible to get a home after a bankruptcy. Buying a home is perfect for rebuilding credit. Moreover, it is the quickest way to increase your credit score.

After a bankruptcy, the average person has a credit score below 600. Good credit consist of credit scores 650 and above. Maintaining current mortgage payments will gradually increase your score. After two years of regular payments, you will have established a good payment history. Hence, you may qualify for a low rate refinancing, which may lower your mortgage payments.

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Rare Opportunity to Buy by the Beach!

What a wonderful opportunity to live your dream of living by the beach! Redondo Beach to be exact! Call me for a scheduled showing! Laura Key 310.866.8422

630 The Village Unit 110 Redondo Beach, CA

$385,000

1 Bed 1 Bath 621 SqFt - HUD

Click Photo for Virtual Tour!!!

Redondo Beach

Call me today! Laura Key 310.866.8422!

Experienced HUD Selling Agent!

 

Laura Key on CBS News

 

 

Do Pets Make A Home Complete?

Some say a house is not a complete home without a pet? What are your thoughts? Meet Chewbacca and Fizgig, my furry babies!

970715_10200548971339923_1961295078_nI grew up in the country in a little country town in Kentucky.  When I was coming up we only had outdoor pets.  So naturally 11 years ago when my husband and I purchased our first home I started to get the gentle heartstring plugs of wanting a dog.  After much discussion and concern due to allergies, we proceeded to head out and get Chewbacca who is a full blood Shih Tzu.  Chewbacca is gentle, warm, kind loving, and just a special being and I enjoy having him around.  Well, after two years we thought maybe Chewbacca needed a companion.  So off we went and ended up with Fizgig who is also from the same parents of Chewbacca but has a totally different view on life.  He's stubborn, he barks, he is a little Tasmanian devil.  But he is still my furry baby and both of my pets do something every single day that warms my heart and lets me know they love me as much as I love them.  It's nothing like coming home to two little warm fuzzy faces who are happy to see you.  Chewbacca and Fizgig bring both my husband and I untold joy!  

In case you are wondering where the names came from, my husband is a movie buff.  Of course most know Chewbaccca is from Star Wars but most do not know where the name Fizgig came from.  Fizgig has his name from the little dog like creature in "The Dark Crystal" and if you know that movie, then you know exactly how my little monkey acts!

So what are you thoughts?  Is a house not a complete home without a pet?

Ready to create memories in your own home?  Start your journey by attending a FREE homebuyers workshop.  You will find info from credible lender's, the homebuying process taught by me, and lots more such as...what is escrow...Do I have to have an inspection? Contact me today for a class schedule!

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