WED, 7 OCT AT 10:00 PDT
Phil Atwan LIVE - 1031 Exchanges
Absolute stunner in the #HollywoodHills Bird Streets.
This epic modern compound boasts 5 bedrooms and 6 1/2 baths on approximately 11,500 sqft.
Listed at a modest $26,000,000 - this home could be yours!
@coldwellbanker
ACTION ALERT: In light of the horrific situation in Armenia and Artsakh affecting the civilian population, including children, we have taken time to research the ways in which we can be helpful as a company. Considering the supplies that are in need, we feel that it is best to support a financial donation of any amount at this time. To donate, please visit https://www.himnadram.org/en. Any amount will go towards medical and other necessary supplies.
Together we can take a stand for a peaceful earth. Thank you!
Just Sold!
📍Sylmar, CA 91342
A spacious two-story new home featuring hard surface flooring throughout the living areas, an open-concept kitchen layout overlooking the great room and the private yard with vistas of the hills.
First Glance:
💰$773,081
🏠 2076 sqft
🛏 3 Beds
🛁 3 Baths
As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.
To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.
Let’s connect today to make sure you have the guidance you need to price your home right this fall!
Just Sold!
📍Glendale, CA 91201
Quintessential Spanish cloaked with character in the highly sought after El Miradero neighborhood of #Glendale
First Glance:
💰 $975,000
🏠 1369 sqft
🛏 2
🛀 2
Realtor: @armenbandarianrealtor
Just Sold!
📍Glendale, CA
👨👩👧👦 Represented Buyer
First Glance:
💰 $2,300,000
🏡 2,458 sqft
🛏 3 Bed
🛁 4 Bath
Stunning fully-automated smart home! Located in the sought-after Glendale hills, this high-tech home is a generational masterpiece.
🙋♀️: @hasmik729
Rick Bonyadi
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.
The Biggest Perk for Buyers: Low Mortgage Rates
Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that’s slightly higher than the record-lows from 2020 and earlier this year, it’s still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers. This is a huge advantage for buyers and helps to make owning a home attainable for more households – and there’s good reason to strive for homeownership.
The Biggest Perk for Sellers: Low Inventory
Today, there are simply not enough houses on the market for the number of buyers looking to purchase them, and it’s creating a serious sellers’ market. The lack of houses for sale continues to challenge the market, and with low mortgage rates fueling buyer demand, homes are hard for buyers to find today.
Buyers are clearly eager to purchase, and because of the shortage of inventory available, they’re often entering bidding wars. This is one of the factors keeping home prices strong and giving sellers leverage in the negotiation process.
-MyKCM
Just Sold!
📍Sylmar, CA
👨👩👧👦 Represented Buyer
First Glance:
💰 $800,000
🏡 2,885 sqft
🛏 4 Bed
🛁 3 Bath
Nestled in the rolling hills gated community of Mountain Terrace is this impressive two story traditional home. Plenty of space for family and entertaining!
🙋♀️: @talin_isa
Rick Bonyadi
Just Sold!
📍Glendale, CA
👨👩👧👦 Represented Seller
First Glance:
💰 $745,000
🏡 1,420 sqft
🛏 3 Bed
🛁 3 Bath
Private corner unit townhome with a huge patio and gorgeous views of the surrounding Glendale mountains.
🙋♂️: Armen Avedian
Rick Bonyadi
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could offer and still get the home. The asking price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than the list price. It was unthinkable to pay more than what the seller was asking.
Today is different.
The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some cases, they sell for a lot more. In this market, you likely can’t shop for a home with the old-school mentality of refusing to pay full price or more for a house.
Because of the shortage of inventory of houses for sale, many homes are actually being offered in an auction-like atmosphere in which the highest bidder wins the home. In an actual auction, the seller of an item agrees to take the highest bid, and many sellers set a reserve price on the item they’re selling. A reserve price is the minimum amount a seller will accept as the winning bid.
When navigating a competitive housing market, think of the list price of the house as the reserve price at an auction. It’s the minimum the seller will accept in many cases. Today, the asking price is often becoming the floor of the negotiation rather than the ceiling. Therefore, if you really love a home, know that it may ultimately sell for more than the sellers are asking.
-MyKCM
Just Sold!
📍Northridge, CA
👨👩👧👦 Represented Buyer
First Glance:
💰 $735,000
🏡 1,392 sqft
🛏 4 Bed
🛁 2 Bath
Wonderful mid century open concept home with a modern aesthetic showcasing tons of natural light!
🙋♀️: @herminetemurian
Rick Bonyadi
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years.
The Freddie Mac report led to articles like the one published by The Real Deal titled, House or ATM? Cash-Out Refinances Spiked in 2020, which reports:
“Americans treated their homes like ATMs last year, withdrawing $152.7 billion amid a cash-out refinancing spree not seen since before the 2008 financial crisis.”
Whenever you combine the terms “spiked,” “homes like ATMs,” and “financial crisis,” it conjures up memories of the housing crash we experienced in 2008.
However, that comparison is invalid for three reasons:
1. Americans are sitting on much more home equity today.
2. Homeowners cashed-out a much smaller amount this time.
3. Fewer homeowners tapped their equity in 2020 than in 2006.
Bottom Line
It’s true that many Americans liquidated a portion of the equity in their homes last year for various reasons. However, less than half of them tapped their equity compared to 2006, and they cashed-out less than one-third of that available equity. Today’s cash-out refinance situation bears no resemblance to the situation that preceded the housing crash.
-MyKCM
Just Sold!
📍Palmdale, CA
👨👩👧👦 Represented Buyer
First Glance:
💰 $380,500
🏡 1,584 sqft
🛏 4 Bed
🛁 2 Bath
Beautifully remodeled 4 bedroom home with nearly 1,600 sqft, featuring gorgeous two tone interior paint and stylish flooring throughout.
🙋♀️: @realestate_bysilva
Rick Bonyadi
Just Sold!
📍Granada Hills, CA
👨👩👧👦 Represented Buyer
First Glance:
💰 $800,000
🏡 1,750 sqft
🛏 3 Bed
🛁 2 Bath
Absolutely wonderful 3 bed 2 bath Granada Hills home exuding charm and warmth!
🙋♂️: @sold_by_harout
Rick Bonyadi
Just Sold!
📍Santa Clarita, CA
👨👩👧👦 Represented Buyer
First Glance:
💰 $880,000
🏡 2,547 sqft
🛏 4 Bed
🛁 3 Bath
Gorgeous home in the desirable Plum Canyon community with stunning views!
🙋♀️: @andreasellsla
🙋♀️: @karinehmegerdichian
Rick Bonyadi
