$500k In LA – What Can It Buy?

$500k In LA – What Can It Buy?

$500k In LA – What Can It Buy? Welcome to the first post in Esquire Real Estate Brokerage, Inc.‘s new series – “What Can It Buy?”  Buyers who are completely new to the market often have little or no concept of what they can expect to afford with their budget.  To provide some guidance, Esquire Real Estate…

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California County Comparison

California County Comparison

California County Comparison We often hear that the Los Angeles real estate market is one of the most expensive markets in the country.  But is it really?  Thankfully, the California Association of Realtors maintains a database of statistics dating back to 1990 that allows us to examine the historical real estate markets within California and,…

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Title Insurance – Only In America

Title Insurance – Only In America

Title Insurance – Only In America The prevalence of title insurance is unique to the United States due to our system of recording real property transactions, liens, and encumbrances.  In most countries, the government guarantees the validity of real property transactions.  No such guarantee exists in the United States.  Instead, in very American fashion, insurance…

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Appraisals – The Bank’s Safety Net

Appraisals – The Bank’s Safety Net

Appraisals – The Bank’s Safety Net Obtaining an appraisal is part of any real estate transaction that involves a conventional or conforming loan.  The purpose of the appraisal is twofold: (1) it protects the buyer from overpaying for a property and (2) it protects the bank from lending in excess of its expected loan-to-value appraisal….

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Rent Or Buy – The Verdict Is In

Rent Or Buy – The Verdict Is In

Rent or Buy – The Verdict Is In Purchasers of property, particularly first time home buyers, often face the question of whether they should rent or buy.  Historically, rent was thought of as a cheaper alternative to purchasing a home and paying a monthly mortgage.  However, recent drops in median sale price of homes as…

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Pocket Listings – Sellers Beware

Pocket Listings – Sellers Beware

Pocket Listings – Sellers Beware What Is A Pocket Listing? Pocket listings refer to listing agreements that agents obtain with a seller that do not require that the listing be placed into the Multiple Listing Service (MLS).  In other words, it is a listing that an agent keeps in his or her “pocket” rather than advertising publicly. Pocket…

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Santa Monica Real Estate – A Market Study

Santa Monica Real Estate – A Market Study

Santa Monica Real Estate – A Diverse Beach Paradise Santa Monica is one of the most coveted markets in Los Angeles for both renters and buyers.  While it is often considered one of the wealthier areas in Los Angeles, according to the Los Angeles Times’ Mapping Los Angeles project the median income for the area…

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Mortgage Interest Deduction – Here To Stay

Mortgage Interest Deduction – Here To Stay

Eliminating The Mortgage Interest Deduction: Mission Impossible Over the past several years, faced with significant government spending deficits and debt, debate has arisen over whether the mortgage interest deduction should be eliminated or phased out as a means to generate income for the federal government.  While there is disagreement over whom the deduction benefits and whether…

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Palms Mar Vista Real Estate – A Market Study

Palms Mar Vista Real Estate – A Market Study

Palms Mar Vista Real Estate – Opportunity Awaits With the resurgence of the economy, the Palms Mar Vista real estate market has recently flourished, with many first time home buyers and new families identifying the area as an affordable alternative to the more expensive Santa Monica, Venice, Culver City, Cheviot Hills, and Marina Del Rey…

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