Thinking About Selling?

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If you live in high demand areas such as Beverly Hills, The Hollywood Hills or West Hollywood and its surrounding areas, there is currently an inventory shortage.  Our group alone has over 40 buyers with no properties currently on the market that interest them. That being said, this is great news for sellers who have owned their homes for over 7 years.  Chances are, you have equity and options.

If you have equity, now is also the time to take advantage of "trading up" to a larger home.  With rates still at historic lows, your money will go quite a bit further as well.  The market has stabilized and properties that are priced well are even going into multiple offers. That certainly does not mean that there are no longer deals to be had.  They are out there, you just need to know how to find them.

Keep in mind, the areas we are discussing are different then the rest of the country.  What you might see on the national news, speaking in general about the Los Angeles Real Estate Market being in total distress, is only partly true.  The problem with their statistics is that they average all of the areas in the City of Los Angeles, good and bad.  Homes that at their peak would have been $400k, do not compare to million dollar plus estates.  They don't even compare to $400k condos.  Unfortunately this generalization doesn't help the markets that are actually stable and doing good.

That being said, you as a seller "living in the areas west of the Hollywood Hills," could be in a great position to sell. If you would like to have a no pressure conversation about your options or our 40 plus buyers needs, please send me an email at Jason@TopLARealtor or call our offices at (310) 623-0289.

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