RR
MARCH #1
2012
REAL ESTATE NEWS
Homebuying Do’s and Don’ts
Here are some tips for house hunting success:
Do research the neighborhood: Looking at thehouse is obviously a priori
ty but it’s crucial to
check out the community as a whole.
Do understand all your total monthly costs
–
insurance, taxes, mortgage, upkeep, etc.
Don’t leave yourself cash poor when buying –
youstill need to furnish your home and be able tohandle any unexpected expenses
Don’t buy the priciest home on the block –
it maybe harder to sell in the future and may not providethe same return as other homes
Do get pre-approved
–
not only will it help youunderstand what you can afford, but it will alsomake your offers more serious
Don’t trust everything you read or are told –
homeads are written to draw your interest and the
seller’s agent
might try and do the same. Be asmart buyer and do your own investigation (orhave your agent help you)
Don’t buy just for t
he furnishings/design - a greatdesigner can make a home look fabulous, but itmay not fit your needs. Instead, make sure thespace will fit your furnishings and your lifestyle,focusing on the size and floor plan.
Do be careful with real estate auctions andforeclosures
–
they can often be bid up and comewith some uncovered issues. You can get a gooddeal, just make sure you do your research.
Do buy based on what you need, not what youmay want. The average home is owned for 8years, so think about what you need now and mayneed in the upcoming years.
Do use a good professional team
–
seller
s don’t
always disclose the entire truth
–
a good agentand inspector can help get to the bottom of anyissues
Do look at multiple homes
–
buying the first homeyou see (without comparison) could lead you tooverpay or miss out on another great home. Themore homes you look at, the more educated youwill be about the market.
Location:
2651 Nottingham Place, Los Angeles, CA90027
Beds:
2
Baths:
3 full
Square Feet:
2,835
History:
Scarlett Johansson and Ryan Reynoldsbought this house for $2.9 million in August 2010.While they divorced back in July 2010, they justlisted their home for sale. Known as The WongHouse, the home was built in 1969 by award-winning architects Buff & Hensman.
Asking Price:
$3.65 million
Features:
The home was recently restored andupgraded to be eco-friendly (including solar power).Multiple walls of glass lead to the large outside deck(with plenty of room for entertaining), yard, fire pit,and saltwater pool. Inside, the home features a den,a library, an office, and a private master suite. Themaster suite includes its own walled garden andoutdoor bath. The property is gated, very private,has a video security system, and a direct accessgarage. Plus, there are fantastic city views from theback yard, deck, and kitchen. Finally, in case this
isn’t enough, the home comes with plans for a
second story.FOR ALL OF YOUR REAL ESTATE NEEDS
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