By Coco Clayman-Cook
Value is the single most important thing when considering real estate. This is true for both buyers and sellers. The numbers attached to the market will go up and down but it is all relative to value. If you own something of value it will survive any market and still serve you well.
If you follow the trends in today's market, Los Angeles Condominiums continue to rank high in value. As gas prices continue to yo-yo more and more consumers are looking for ways to cut their gas bills. Living closer to work is one valuable answer. While other cities are struggling the Downtown Los Angeles economy continues to grow stronger.
Westside Los Angeles Condos aren't just close to the job market they are close to everything. Beaches, museums, nightlife, world class restaurants, shopping, studios, theatres and schools are all nearby.
Proximity is just one of the many values of a Westside condominium. To see exactly what is available on the market give me a call, I will be happy to show you the value of today's condominiums.
By Coco Clayman Cook
Spring is here and it is time to spruce up the plants on your balcony. Personally, I love orchids, succulents and flowering plants. But the other day I visited a friend who has created a wonderful garden on her balcony, all with vegetable plants. It was clever, chic, healthy and quite beautiful, not to mention economical.
I especially loved her hanging salad bowls. She has always had tiered hanging baskets of flowers on her balcony, this year they have lettuces, herbs, spinach and even heirloom cherry tomatoes. They were lovely. While I was there she took a pair of scissors and snipped a salad for me. Gourmet salad greens with fresh spinach, cilantro and a few tomatoes, does it get any better than that?
This spring take a look at your balcony and consider what kind of a garden you would enjoy having.
By Coco Clayman-Cook
Home ownership has plenty of advantages, but one of the easiest to recognize is the tax advantages. It is widely known that a great time to purchase property is when the cost of ownership is similar to or less than the cost to rent. If the cost to rent is even close to buying the owner will generally find that after taxes are taken into consideration it is actually cheaper to own than to rent.
Imagine being able to build equity, having the freedom of home ownership and all for less money than to rent. Why wouldn't you choose to own?
The truth is that right now the cost to buy is quickly approaching the cost to rent. Pair that with the new tax credit in the economic stimulus package and you have a win-win situation.
Don't miss out on this exciting opportunity. Buy now and reap the benefits. For information on how home ownership can affect your taxes call my office, I love showing renters how truly transformational owning a home can be.
By Coco Clayman-Cook
Are you interested in buying a condominium? The new economic stimulus package has a special enticement just for you. If you have not owned a primary residence in the last three years the new law considers you a "first time home buyer". In some cases you can even own a vacation home and still qualify. If you buy a home this year, before December 1st you can potentially qualify for an $8,000 refundable tax credit.
If you keep your home for more than three years the tax credit does not ever have to be repaid. If you sell within 3 years it does need to be repaid, although there are some provisions for death and divorce.
This is a great incentive for home buyers. There are some restrictions and a salary cap in order to qualify for the credit. If you would like more info about whether you qualify for the tax credit, please contact me. I'll be happy to show you how you can make this tax credit work for you.
By Coco Clayman-Cook
I believe in being honest with my clients. There are times when honesty is not appreciated; it is in those times when I think it is doubly important to be honest. I am versed in the sale of REO property. I am REO MAC trained and certified, and like a lot of people I was excited last summer to tell my clients about the exciting deals that were available in the REO arena of Real Estate for Los Angeles. REO properties are those that have been foreclosed on by the bank, they failed to sell at auction and have now returned to the bank for sale in order to recoup their losses. Here is the thing I want to be clear about. Banks are not giving these properties away.
There are many unscrupulous people out there claiming that banks are taking pennies on the dollar. Believe me when I say, it's simply not true. However, what is true is that banks are offering these properties for discounted prices, most of the time. I have seen some local REO properties that I personally feel are inappropriately priced with advice from over anxious Realtors who are looking to make a wider profit.
If you are interested in buying REO property, make sure you are working with an honest professional who has REO experience. If you live in the LA area call me I will be happy to show you the worthwhile REO properties that are currently available.
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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