Matthew Paul

It has finally become a BUYER'S MARKET, at least in Los Angeles!!! Here are a few main reasons why this market is ideal for home buyers:

1. Prices are dropping!

As I follow listings that I have seen on either Broker's Caravan, open houses or just appointments, I track each and every listing and continue to see prices dropping much quicker than I see them change status to "looking for a backup" or "sold." As homes continue to sit on the market and the urge for people wanting or in need to move, there is no other choice but to drop prices. Buyers should swoop in and make an offer on homes that have sat on the market for some time.

2. Interest Rates are LOW!

Anytime interest rates are at or below 6% it is a very good time to take out a loan. Of course these interest rates fluctuate so often that it is best to get in there at a low point and lock in your rate.

3. Many Homes on Market

There are so many homes and condominiums on the market right now. Buyers’ have choices. Many choices. Do they want to do some work and customize their home just as they like it? Do they want a move-in condition house, where all they need to do is bring furniture? Do they want a fixer and or land to build their dream home? There are so many options, layouts, upgrades to make your lifestyle just as you like it.

4. Rents Increase

Rents are not getting any cheaper. Every single year a tenant stays in their apartment, rent increases. Every single time a tenant moves out of the apartment, rent increases. This is what landlords do. They do this because they can. Rent control in the Los Angeles, Santa Monica, West Hollywood, Beverly Hills, etc. areas allow for rents to increase. Become your own landlord!!!

5. Foreclosures

Foreclosures are unfortunate for some and fortunate for others. Banks and lending companies are taking over homes, condos, and properties at a high rate now because of non-payments. Banks and lending companies are not in the real estate business; therefore are selling homes, condos, and property for under market value. Buyers should be aware of this and take advantage of foreclosed properties.

http://www.liveinwestlosangeles.com

Brentwood in the heart of Western Los Angeles has many large single family homes, as well as condominiums, and townhomes. Brentwood is in the most central part of West Los Angeles. It is about a 5 minute drive to the Pacific Ocean and Santa Monica and about 5 minute drive to Westwood, Wilshire Corridor, and the UCLA campus. The three main arteries of traffic through Brentwood are Sunset Blvd., Wilshire Blvd., and San Vicente Blvd. These three main roads contain great restaurants and retail shopping. The shopping in Brentwood, LA include mainstream stores and many boutiques that have unique styles. Brentwood is also convienently located minutes from the 405 freeway and 10 freeway.
Brentwood has probably the best weather in all of LA. It gets an ocean breeze without the fog and the city warmth without so much smog.
Brentwood in Los Angeles has covers quite a large area. Brentwood, CA in Los Angeles goes from the top of Mandeville Canyon which is in the Santa Monica Mountains, to the corner of Veteran and Wilshire. These two locations in Brentwood District of LA are completely different. The real estate in Mandeville Canyon and the Santa Monica Mountains are mainly single family homes with driveways, 2 car garages, 2 stories and more of a traditional feeling. Many of the houses in Mandeville Cyn. have canyon views. Off of Rockingham Avenue and many of the streets just north of Sunset Blvd. are mainly large single family homes with large, flat lots. The areas north of Sunset Boulevard range in price from $1.2 million up to about $15 million.
The condominium areas of Brentwood are in the flats South of Sunset Blvd surrounding San Vicente Blvd, Wilshire Blvd, and Barrington Ave. The condos in Brentwood in Los Angeles offer many great amenities and features. The main feature that people enjoy are being able to walk to restaurants, food, markets, shops, coffee, and countless of other things. Also, many condos are located in areas convienent to the freeway. In Brentwood, condos are either full service buildings, or just controlled access. The full service condo buildings in Brentwood usually have 24 hour valet and security, pools, tennis courts, fitness centers, roof decks, and other amenities. All the condominium buildings in Brentwood Los Angeles offer unique features. http://www.liveinwestlosangeles.com