Every time you open a newspaper or look on line there is another report about how bad the economy is and how much worse it is going to get. I'm not here to blow smoke at anyone, but I do want to remind you that you have a choice about how you react to such reports.
You can choose to believe reports about how bad the real estate market is; but how easy will it be for you to do your job effectively if you really let yourself believe that the market is down for the count? You might still be able to do your job but it will feel like an uphill battle.
Or you can choose to take what the media reports with a grain of salt. You can wake up every morning willing to see what the day has in store for you; instead of focusing on predictions you can focus on what is before you.
If you focus on what is, you will find doing your job to be easier, more satisfying. It's entirely up to you.
Spring has sprung. I love this time of year when everything seems to be new again. There is something is the air, an electricity, a reminder that all things are possible. For me Spring's arrival is a great excuse to be grateful. I try to incorporate gratitude into my daily life by including it in my daily meditation. But anytime I have an excuse to up the ante, I do so. And Spring seems like a billboard for gratitude. It is the reminder that nature has a way of overcoming everything. The crocus that tunnels through the dirt to raise its head to the sun is a symbol of strength, faith and miracles.
So today I offer thanks for my life and the fact that I can breathe and walk. I am deeply grateful that my life has meaning and the work that I have chosen touches many lives. I am thankful that when the sun rises each morning and shines on my balcony that I am filled with a sense of peace, safety and harmony. I am grateful for all of the wonderful people - friends, family, co-workers and clients who fill my life and bring me joy. I am a very lucky woman.
One of the many gifts of vertical living is the ability to entertain with ease. You can choose to have an intimate dinner party on your balcony featuring ocean breezes, the sun setting on the LA skyline and fine Californian wines. Or you can choose to have a sumptuous catered charity event for 300 of your colleagues, all with minimum of fuss.
Most luxury condominiums in Los Angeles offer at least one public dinning/meeting room with an attached kitchen for just such events. So you never have to search for a venue no matter what size event you are planning. When you own a luxury condo, you own so much more than your own residence, you have ownership of an entire lifestyle that is centered on fulfilling your every need.
6:15 You rise from a satisfying slumber to watch the sun creep over the horizon and shine on the Los Angeles skyline while enjoying freshly squeezed orange juice.
7:15 You enjoy a brisk work out in the either the fitness center or swim laps in the heated pool and treat yourself to ten minutes in the state-of-the-art sauna.
8:15 You reach into your concierge closet to find your Prada suit cleaned, pressed and delivered.
9:00 Elegant glass doors swish open as the Doorman nods good morning. You step into the fresh LA morning and decide to walk the three blocks to work.
11:45 The Doorman tips his hat hello as you usher your business guests into the state-of- the-art conference room, where you will be hosting a catered lunch prepared in the adjoining chef's kitchen.
2:00 Your luncheon meeting was such a complete success, you call the concierge in your building and ask the concierge to send your assistant an orchid for handling the particulars but window shop for yourself on the way back.
4:15 Back at the office, you realize that you forgot to pick up flowers for the hostess of the dinner party you will be attending this evening. You call the concierge back and ask that they produce a wine basket and within seconds your gift for the dinner party is solved.
5:15 You enjoy a leisurely shower, there is no need to rush, where you are going is just minutes away, and the wine basket has magically appeared in your concierge closet.
6:05 The valet parks your car at your feet and hands you the keys while wishing you a pleasant evening. Your assistant text messages you thanking you for the orchid arrangement.
10:45 You stand on the balcony of your luxury condo watching the twinkling lights of Los Angeles, crisp ocean air intoxicating your senses and think about what a pleasant day it has been.
Now that is the LA Condo Lifestyle.
Congratulations! You've decided that you would like to purchase an REO because you've heard a great success story from a friend who acquired a great home, it might need a little work, but they got it at a great price. You've enlisted the help of a professional realtor such as myself, who has a proven track record. If you live in the Los Angeles area I hope you've decided to work with me, I firmly believe in treating yourself to the best.
You've begun to look at properties with your realtor, always mindful to be looking for value. When looking for typical real estate your realtor will talk about "comps", the recent sale price of comparable properties in your area. When looking at REO's your realtor will talk with you about writing an offer and how the bank has determined their asking price. There is always a "break even amount". Banks are not selling properties for 60 cents on the dollar. I get calls all the time looking for these kinds of deals and they do not exist. Yes we hear stories, but the stories are largely urban myth and certainly not about the Los Angeles - Westside market. Banks are in business and it behooves our entire financial structure for them to maintain good business practices. Which means, in all likelihood they are going to want to at least break even, if not make a few dollars. Having said that, if a bank receives a reasonable offer from a qualified buyer, things can and do move very quickly. The banks are overloaded and their staff is trying to keep up - patience is important here. The key to finding value in an REO is finding a home that appraises for, or will appraise for after repairs, more than the bank break even amount. When you find that REO property you've found your success story.
Top Performer in the sale & marketing of Westside Luxury Real Estate. Specializing in low rise condominiums, high rise condominiums, new projects, consulting with developers and the art of negotiation
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