2013 Home Seller Survey

2013 Home Seller Survey
In August 2013, the California Association of Realtors conducted a survey of home sellers that bought a home between February 2013 and August 2013.

The 2013 Home Seller Survey infographic on the right shows the results of the survey:

  • 50% of the sellers sold their home above asking price.  One can safely say that the home was priced correctly, thus attracting enough buyers that overbid on the home.
  • On Average, they each received approximately 6 offers from buyers.  A home that is priced correctly will definitely receive multiple offers.

Top Reasons for Selling a Home:

  • 23% of home sellers felt that the time was right
  • 14% of home sellers sold due to financial difficulties.
  • 145 of home sellers sold because of the competitive interest rates.
  • 135 of home sellers sold because they felt th...
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Realtors, can you relate to the questions below?

  • Are you a Realtor that works from home like a lot of Realtors?
  • Have you been licensed and working full time in real estate for over 2 years?
  • Have you closed plenty of buyer and seller transactions?
  • Do you require minimal to zero help to close a real estate transaction?
  • Do you feel that your commission split with your real estate broker is unfair?
  • Most importantly, would you like to give yourself a pay raise?

Hey, as Realtors we work very hard to get the phone to ring and, ultimately,  close real estate transactions. At Realty Connection Group, we believe that you need to be compensated well for your efforts.  Therefore, if you are considering changing brokers, we believe that we can make you an offer that you will not refuse.

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Los Angeles Real Estate Broker

Los Angeles Real Estate Broker

Nicolas Romo has been licensed to help buyers and sellers with their real estate needs since April 2008. Since, he has helped many families buy and sell real estate throughout Los Angeles and southern California. He has plenty of experience with short sales, bank owned properties, regular/standard sales, as well as helping homeowners save their home from foreclosure. Nicolas obtained his real estate broker license in May 2013 and is currently broker/owner of Realty Connection Group. He is a college graduate and ex-police officer with a strong work ethic and excellent understanding of what it takes to sell and by real estate.

Nicolas loves hiking, weight training, going on excursions, reading, traveling, and enjoying the beauty of life with friends and famil...

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5 Reasons to Hire a Realtor

When it comes to buying or selling a home, the process can be quite confusing and stressful for most people. There is a myriad of paperwork that needs to be completed, disclosures that are required, timelines to be met, market statistics that need to be understood, and negotiations that need to take place, just to name a few of the actions/steps that must occur in all real estate transactions. Without a doubt, there is a lot to juggle and understand when buying or selling a home. This is why hiring a Real Estate Broker is recommended. Real Estate Brokers have the knowledge, education, and experience to help you with the transaction while protecting your best interest.

Below is a list of the 5 most important reasons to hire a real estate professional:

5 reasons to use a realtor

5 reasons to use a realtor

Should yo...

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Most Expensive Homes in Los Angeles

384 DelfernMost Expensive Los Angeles Home

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As of June 8, 2014, the most expensive home in Los Angeles is  located at 384 Delfern Drive, Los Angeles, CA 90077 and is currently in pending status for a whopping $75,000,000.

It features:

  • 10 bedrooms
  • 12.5 bathrooms
  • 15,520 sf of living space
  • 7.652 acres
  • Tennis Court
  • Pool
  • Massive motor court
  • Attached 4 car garage

Do you want to know what your Los Angeles home is worth? If so,  please visit www.LosAngelesCountyHomePrices.com to request your FREE home market analysis. No strings attached.

Or, contact:

Nicolas Romo | Real Estate Broker | BRE 01787685

Realty Connection Group

(800) 659-4610 x102

 

 

 

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Luis Uribe – American Financial Network

American Financial Network | Luis Uribe

Contact Mortgage Lender Luis Uribe today for all your home loan needs.
Luis and his team strive to deliver exceptional service to all of their clients.

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13800 Heacock St. Unit C-238
Moreno Valley, CA 92553

Office: (951) 653-4100
Mobile: (951) 966-6112
luis@mylenderluis.com

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Los Angeles Median Home Value

home-worthAs of April 30, 2014, the Los Angeles median home value is $506,000 according to Zillow.com. The home values in the city of Los Angeles have increased by approximately 15% during the last year. Real estate experts predict that home values will increase by approximately 7.0% in the next year.

What is your opinion? Do you think home prices will rise or fall?

What is your Los Angeles area home worth? Find out by visiting: http://www.LosAngelesCountyHomePrices.com

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California Real Estate Market Stats – March 2014

Below are the real estate market stats as of March 2014. As the chart indicates, the California median price increased by 14.9% from $379,000 to $435, 470 during the period from March 2013 through Marh 2014. Also, the fixed rate mortgage increased by 0.8% from 3.6% to 4.3% during the same period. Regardless of the interest rate increase, mortgage interest rates continue to be historically low making it a great time to invest in buying a home. Further, the unemployment rate in California decreased by 1.1% from 9.2% to 8.1%. Finally, the number of distressed sales (short sale and foreclosures) continues to decrease and the number of equity sales continues to rise, helping the real estate market continue to improve. Market_Stats_March_2014

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