If you are planning to buy or sell a house, you should be familiar with the new Residential Purchase Agreement. "Oh, my Realtor will tell me what I need to know," you say. Think again! This contract underwent some major changes within the last couple of years, and continues to have little tweaks done to it with no real fanfare at least twice a year. Most of these changes are designed to clarify items that didn't even exist a few years ago, like leased solar and alarm systems. But some items that don't look like a big change can be if they apply to you. Also, There are some subtle bombs hidden in straight-forward boiler plate sentences.
Welcome to LA Digs, the real estate and community blog written by Tracy King and Keely Myres. Here, we share tips, market updates, and local news bits to keep you informed on what's happening in Northeast Los Angeles and the surrounding neighborhoods. Read on to learn about the latest in your neighborhood!
Eagle Rock real estate isn't the only hot happening in the area!
Eagle Rock businesses really stepped out for We Heart Eagle Rock Shop Small the last Saturday of November. There were 38 businesses on the map, all located along our main two commercial streets, Eagle Rock and Colorado Boulevards. Most of these businesses are "Mom and Pop," privately owned shops by people who live right here in Northeast Los Angeles. I visited a few, mostly the new businesses that I hadn't seen before. I was so impressed by the individuality and quality of the shops we are so lucky to have in our community. I started my Christmas shopping today in earnest and found gifts that I wouldn't have thought of if I were just shopping on the Internet--not that you couldn't shop in most of these stores online, but it's so much more inspiring to see items in person.
Well, my friends in Northeast LA and nearby environs, Northeast Los Angeles real estate is truly in our own special spaceship of home-buying and home-selling activity. The California Association of Realtors Chief Economist, Leslie Appleton Young, gave a talk on the state of California's housing in the recent past. According to her charts and statistics, California has not yet reached the peak prices of 2007.
In contrast. we are experiencing the highest sales prices ever in Los Angeles--from the beaches to the mountains, across almost all communities. Is it any wonder that one of the most common questions we Realtors are asked now is "So when is this bubble going to burst?"
Here is the latest update for Northeast LA real estate market.
The Pasadena Humane Society & SPCA is an independent, donor-supported, non-profit agency that provides animal care and services for homeless and owned animals in our community. PHS takes in nearly 12,000 animals each year from the cities of Arcadia, Bradbury, Glendale, La Cañada Flintridge, Monrovia, Pasadena, San Marino, Sierra Madre and South Pasadena.
This week we were excited to send a donation to the Dahlia Heights PTA on behalf of our clients whom we helped to sell their first home, a sweet bungalow in Eagle Rock, and purchase their next Eagle Rock home!
Dahlia Heights is a beloved elementary school here in Eagle Rock. Since it is no longer considered a Title 1 school, the PTA is working compensate for the hundreds of thousands of dollars the school no longer has in the budget for staffing, extra programs and other resources.