• Compass DRE# 01991628
  • Address: 2120 Colorado Blvd., Suite #1, Eagle Rock, CA 90041
  • Office Phone: 323-274-2148

Tracy King Blog - Eagle Rock Real Estate - Northeast Los Angeles Realtor

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Tracy King's Blog

Welcome to LA Digs, the real estate and Northeast Los Angeles community blog written by Realtors 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!

Tracy King begins her 27th successful year as a real estate professional specializing in buying and selling homes in Northeast Los Angeles with a depth of experience that makes her the only choice for both the first-time home buyer and the seasoned real estate investor.

What's So Great About Highland Park?

WHAT’S SO GREAT ABOUT HIGHLAND PARK, 90042? Lots of things!

 

 

    • It’s an easy commute to Downtown LA or downtown Pasadena by car, bus or the Gold Line. http://www.metro.net/

 

 

 

 

    • Great food! Lots of Latin foods from tacos to menudo, but there is more. Check out my Restaurant Guide. www.LADigs.com for names and addresses, but here are some highlights:



Cafe de Leche
The York
My Taco
Chico’s
Johnny’s
Schodorf’s Luncheonette
Folliero’s
La Abeja

 

 

    • Figueroa Produce has a real meat market, organic produce, a wide variety of ethnic foods--all at great prices! http://figueroaproduce.com/

 

    • Galco’s Old World Market and Soda Pop Stop. 5702 York Blvd. Long for some orange Nehi or curious about Grapette? Over 400 kinds of soda here. Plus good deli sandwiches. http://www.sodapopstop.com/



What are your favorite parts of Highland Park?

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Reminder! Tracy King's New Weekly Email

Have you signed up for our all new weekly email update on real estate and Northeast LA?  We've switched email providers to improve the way we send you new listings, real estate news, open houses, and community info.

Here's a sample of the new and improved weekly email.

To get on the new list, sign up here.

We look forward to staying in touch with you!

Thanks,

Tracy King and Keely Myres
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It’s Up, It’s Down, It’s Up--It’s the Highland Park Market Update!

How is 90042 doing this year over last year at this time?

What looks like bad news is that the number of listings is up while the number of pending and closed sales is down:

But wait! Look at the average price per square foot!


And look at the average sales price vs. list price!


What is a buyer or seller to do?

If you listen to the news, you will be so confused. One day it’s a good market and housing is a good buy, the next day there is more trouble to come.


Right now, interest rates are back under the 5% range, sellers who are realistic and motivated are eager to sell, and buyers who have the courage to take advantage of this market can find good quality homes to buy.  So all of you, call me!  If you are motivated, I can help you realize your real estate goals.
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1047 Hits

Home Affordability Reaches New Highs

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Trusts, Wills, and Real Estate

When it comes to planning and organizing our “stuff” and making arrangements for our eventual demise, we act like we think we will live forever. The stories range from “my kids will get to deal with this” to “oh, we have a will and everything is set.” My guess is, 1 out of maybe 50 or even 100 people actually have sensible and useful arrangements made for what happens to themselves, their stuff, and their heirs after they pass on.

Without naming names, let me just share that there are people near and dear to me that  are among the majority of people unwilling to address the details of what to do with what they leave behind. Members of my family have had to play guessing games about “what would she have wanted us to do with ?” that cover a range of subjects from cremation or burial to who’s name is the house in? I’m not really pointing fingers, I know I should address some subjects like this for myself as well. I understand the reluctance to come to grips with the fact that none of us get out of here alive. But my husband and I did have wills and a trust drawn up a number of years ago.

Scenario 1: These days, many people live together without benefit of formal marriage. Yet, if one person owns a property separately and there is no will, the “partner” may have no legal standing to claim the property.

Scenario 2: A married couple have no children and no will. Let’s say the wife inherits property from a deceased parent in co-ownership with her brother. What happens if she passes away with no will? The probate laws will govern who inherits her share and very likely her husband will have a claim on the property even if she wanted it to go to her brother’s family. Or the property will have to be sold to settle the estate.

Scenario 3: An elderly couple have a will but no trust. The will was drawn up 40 years earlier and the laws have changed since then. One of the couple has a stroke and is no longer able to sign or understand a legal document. The other spouse no longer wants to live in the house and decides to sell it. He has to go to court and be declared his wife’s conservator in order to sign the deed on her behalf.

A very important fact that few people understand is that even if you have a will, your estate will have to be probated. This is an expensive, time consuming and cumbersome process. The best way you can escape probate court if you have property is to have a properly drawn up trust. Many people have thought that the joint tenancy method of holding property will take care of any issues and often that is true, but again you have the question of who eventually inherits and the state’s view may be different than what you really want.

A very simple and complete description of everything you need to have in place and why is here: http://www.amerilawyer.com/living_trust.htm. I don’t know anything about the law firm, but their website is very easy to understand and use.
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1281 Hits

Hike to Echo Mountain, Altadena

Another clear, beautful morning for our 5 1/2 mile hike.

Photo

Sent from my iPhone

Posted via email from Tracy's LA Real Estate

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822 Hits

Good Job News!


Unemployment Rate Drops Below 9%


The national unemployment rate fell to 8.9 percent in February, as employers added 192,000 jobs to their payrolls, according to figures just released by the U.S. Department of Labor. The rate is down from 9.0 percent in January and 9.4 percent as recently as December.


Posted via email from Tracy's LA Real Estate



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Please help support The Altadena Foothills Conservancy

This won't even cost you any money! Unless of course you decide to buy some great Patagonia clothes...

This month, AFC is competing with two other nonprofits for a grant through Patagonia Pasadena's "Voice Your Choice" program.

If you're in Old Town Pasadena during March, you might swing by the Patagonia store at Fair Oaks Avenue and Union Street to cast a vote for AFC. We'll receive $2,500 if we get the most in-store votes -- money that would fund our search for new open space to acquire and preserve.

AFC board members will be in the store between noon and 5 p.m. on Saturday, March 19, and Sunday, March 20, talking to Patagonia customers about AFC.  Drop in and say hello! Or, if you'd like to join us at the table and help spread the word about local land conservation, reply to this e-mail and let us know when you're available.



Best,


Nancy L.C. Steele


President, Arroyos & Foothills Conservancy


Posted via email from Tracy's LA Real Estate

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703 Hits

Altadena feels like Taos here

$1,545,000 and well worth it.

Sent from my iPhone

Posted via email from Tracy's LA Real Estate

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823 Hits

Kickoff Event for Eagle Rock's Centennial Celebration

Eagle Rock’s Centennial Year Begins...February 26 was a classic Eagle Rock day. Kickoff events started at 2 pm at the Center for the Arts, which has become the community center for our hometown within the great City of Los Angeles. Beginning with family-oriented events like the Dahlia Elementary School program and ranging through the Eagle Rock High Latin Jazz band and the Eagle Rock Jazz Quartet, the room was packed with folks of all ages.

Several community groups had booths including TERA (The Eagle Rock Association) promoting their fundraiser Guess Who’s Coming to Dinner and their plan to slow down Colorado Blvd and save lives. The Centennial committee and Eagle Rock Valley Historical Society had great Eagle Rock stuff for sale from $5 calendars to mugs that we can buy online beginning next week. Treepeople has organized Saturday, March 26 for tree planting along Colorado Blvd and April 30 for tree planting along York Blvd in Highland Park. Register for tree care and tree planting at www.treepeople.org. Linda Allen told us about ERCPR, the group that has been working to improve the sights we see in the commercial corridor.

Every kind of group and individual was there celebrating the hundredth year of Eagle Rock. It was a great program from the kid events to Eric Warren’s presentation of the history of the buildings in Eagle Rock to the Dahlia cocktails and the unique performance by Morganne, our very own local chanteuse. Hors d’ouerves were served by the Eagle Rock High Key Club. Besides the tickets sold for the cocktails and wine, raffle tickets for prizes donated by local merchants helped defray the cost of the day and to add a bit to the Centennial kitty. Our local elected officials came with encouraging speeches and certificates of recognition for about half the people in the room.

I applaud the hard work of all the volunteers who made this day so special, and am so glad I was one of the diverse, eclectic, and friendly crowd that showed up to take part in the day.

Next up, this Friday, March 4, is Eagle Rock Day at the Los Angeles City Council Chambers beginning at 10 am at 200 N Spring St, 90012. RSVP to 323-254-5295 by Tuesday, March 1 to make parking arrangements. Attendees are asked to wear green if possible.

Posted via email from Tracy's LA Real Estate



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1153 Hits

Turn your lawn into a Food Forest!

*Turn a Lawn into a Garden*

"Swan Song for the Lawn" with Larry Santoyo of Earthflow Design Learn how to transform a water-guzzling lawn into a garden paradise.

Join us Sat & Sun, March 12/13, 10:30 am to 4:00 pm in Eagle Rock$25 per day ($40 for both days with one payment)In this hands-on workshop you will learn the basics of Food Forestry, garden design, sustainable landscape construction and more.

Spread the word! RSVP for details and to pre-register via paypal to reserve your space toJoan Stevens 323-630-4673 This email address is being protected from spambots. You need JavaScript enabled to view it.

*Please, no persons under 18 years old -no pets

Posted via email from Tracy's LA Real Estate

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Oxy Lofts - A New Home Option for Eagle Rock

You all know we love Eagle Rock. In our humble opinion, Northeast LA is the best place to live, and we're not afraid to let everyone know it!

Well, now we've got a new option for all you Eagle Rock home-searches: Oxy Lofts! Perfect for those of you that want some square footage to call your own but don't want the hassle of taking care of an actual house. The 32 units at Oxy Lofts are classic post-and-beam architectural design with open floor plans, large windows, and natural materials. Complete with patios and balconies that bring the outdoors in, these units are California living at its best.

Courtyard



And even better - this project is FHA-approved! You could get into your new digs for as little as 3.5% down!

Even better than THAT, we can help you get settled in for as little as $359,000! I know what you're thinking, "But Tracy and Keely, for $359,000 I probably get only a one bedroom in such a stylish looking building!" But you would think wrong - $359,000 is the asking price for a 2 bedroom, 3 bath with 1167SF - what a deal!

So here's the thing. Go check out the Oxy Lofts. You will fall in love. As an added bonus - if you sign in and say you're with Tracy King, we'll give you a $10 gift card to The Bucket*. Of course we are here to help you navigate your way into a purchase, so don't hesitate to give us a call if you have questions. Or if you've completely fallen in love.

Oxy Lofts are open for your viewing pleasure daily from 11am to 2pm, Wed/Thu to 6pm, and Sat/Sun to 4pm.

For more pictures go here. For more information go here. If you have questions call us at 626.844.2256.

Loft Living to Kitchen


*(first 25 people to register with Tracy King at the Oxy Lofts open houses get a $10 gift card to the Bucket)

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2163 Hits

A Loan Modification Story Edging Toward Success

Here is an inside description of one family's experience with navigating the loan modification process. These are clients of mine who sold their first home that their growing family had outgrown and bought a larger one right at the peak of the market and then had the misfortune of losing a job and half their income. I've always admired these people for their positive attitude about whatever came their way and their ability to keep moving forward. They sent me this story of their experiences because they want to help others navigate these very choppy and treacherous waters if they can. Please feel free to comment or ask questions and I will get them to my client for whatever answers might be available.

Our story is a familiar one.
In January 2010, my husband lost his job. We could no longer afford our mortgage
payments, so we stopped making them. That sounds much easier than it actually was
(emotionally, anyway). We’d purchased our house at the height of the market so we
owed about $120k more than what we could sell it for. A regular sale wasn’t an option
for us. We began researching our other options and after talking to friends in similar
situations, reading articles and discussion boards online, we came to the conclusion
that despite Obama’s Making Home Affordable program (HAMP) and despite all the
efforts of millions of homeowners trying to save their homes, very few people actually
succeeded. Our particular loan structure made a work-out even more difficult. We began
trying to make ourselves comfortable with the idea that we would be losing our home.
Thanks to a persistent friend who couldn’t accept that we were going to let it go so easily,
we rallied. This month, we were offered a trial modification from our bank, which gets
us 90% of the way to getting a permanent modification. Here’s what we did right.

We bought our second mortgage.
We bought our home 4 years ago with two loans: the 1st mortgage was 80% of the
purchase price and the 2nd was 20%. Indymac held our 1st and CitiMortgage held the
2nd. This definitely made our journey more complicated. Thanks to a conversation with
a financial counselor, I discovered that it was possible to negotiate with the bank to buy
our second loan (a settlement). It’s basically like doing a short sale, except we could be
our own buyers. I did a little research on it, and despite not really having much in
savings, we thought we’d give it a try. I called the bank and asked to talk to someone
about a settlement. They transferred me to the loss mitigation department, who had me
fill out some paperwork and submit a hardship letter, which I wrote. In it, I outlined that
we had a hardship (income loss) that we’d like to make good on our loan in any way that
we could. I explained that because we bought at the height of the market, if our house
sold today in a short sale or foreclosure, after paying off our 1st mortgage, there would be
nothing left for the 2nd. I offered to settle with them by paying $9,000 for my $119,000
loan. It seemed impossible, but worth a shot. A few weeks later, they called and
countered. They offered $12,000 and I took it! I wired in the $12,000 and within a
couple of weeks the loan was written off as ‘settled for less than the amount owed.’ We
took a hit on our credit, but it meant that if we did lose our home, they couldn’t come
after us for the money later and if we didn’t lose our home, it was again worth
approximately market value.

We called a HUD Counselor and our Congressman.
After buying our 2nd mortgage, we started trying to modify our 1st. This was not
easy. This application was about 67 pages. It required constant updating (sending in
a new paystub every two weeks, a new bank statement every month and writing letters
explaining things when the packet was kicked back because the reviewer was confused).
I called 2x a week to check on the status of the modification and to see if they needed
any new documents. After 4 months, I had to resubmit my application (again, 67 pages)
because it had expired. And after 5 months, we got a notice on our door that our house was being sold at auction. It seemed like the end. But we had two things on our side.

First, our HUD counselor knew the California laws: that they couldn’t sell our home at
auction while we were in the HAMP modification process. She called our bank on our
behalf and made sure that we had a process for stopping the sale (that process was, of
course, complicated). Second, I’d contacted our congressman early in the modification
process, asking for his help. His office had a contact within the bank, who they regularly
called to check on the status of our loan. That’s all they could really do, but just the
fact that the congressman was working on our behalf helped us get special attention. I
called his office as soon as we got the foreclosure notice on our door. Within days, the
bank called us (this NEVER happens) to tell us that our sale was put on hold, that the
escalations department was handling our modification and that they were trying to finish
it.

Three weeks later, we had an offer for a trial modification. From what I understand, this
means that the bank has established that we are eligible for a permanent modification and
that they can offer us a new loan. They are offering us a new payment, which is about
30% less than our old payments combined, and if we make those payments on time for 3
months, they should offer us a permanent modification. There are still things that could
go wrong. Trial payments have been known to go on much longer than 3 months. Banks
are overwhelmed and under-staffed, so they make mistakes. But this is a win, and for
now, we’ll take it.

Find yourself in a similar situation?
• Call a HUD counselor. Operation HOPE was very helpful to us: http://
www.operationhope.org/smdev/
• Contact your congressman and ask if he/she can assist you when dealing with
your bank. On Congressman Becerra’s website, he has a button right on his home
page that says “How can I help you?”: http://becerra.house.gov/
• Be persistent. It is a lot of hard work. But if you’re willing to fight, you might
just save your home.




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1535 Hits

Pet Adoption Festival Tomorrow!

“Adopt a Valentine” - Pet Adoption Festival
Saturday, February 12, 11am-3pm
Special Festival Day Adoption Discounts:
$83.50 (max) per dog - $50.50 (max) per cat (fees include spay/neuter, vaccinations & microchip)

Games - Food - Vendors - Door Prizes - Contribution Prizes
$25 Microchipping your pets
Located on the lawns of the North Central Animal Shelter - 3202 Lacy Street, Los Angeles 90031

Sponsors for this event include Arroyo Seco Neighborhood Council, Atwater Village Neighborhood Council, City Councilmember José Huizar, Council President Eric Garcetti, and L.A. City Animal Services.

See the flyer here:Pet Adoption Festival

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1167 Hits

Huge Price Reduction! 1857 Hanscom Drive, South Pasadena

1857 Hanscom Drive
SOUTH PASADENA, CA
HUGE PRICE REDUCTION! OPEN SATURDAY, FEBRUARY 12, 2-4PM AND SUNDAY, FEBRUARY 13, 2-4PM! For more pictures and info go to www.1857Hanscom.com.

4BR/3+1BA Single Family House
$799,000
Year Built 1966
Sq Footage 1,891
Bedrooms 4
Bathrooms 3 full, 1 partial
Floors 3
Parking Unspecified
Lot Size 5,190 sqft
HOA/Maint $0 per month
Description

Enjoy stunning sunset views from two levels of decks on this sophisticated 3-level home. Updated kitchen, living room, dining area flow out to the deck and create an open floorplan for entertaining and easy California living. Second level features 4 original bedrooms (one has been remodeled to a large laundry room but hookups remain in the garage as well), with 2 bathrooms. The third level is not included in assessor's square footage and offers an office area, storage room, bathroom with sauna/wine cellar opportunity, and the most fabulous man-cave in town with bar, home theater potential, huge space. REST measured the house to be over 3100 square feet. Seller says third level is permitted
Property Features

Central A/C Central heat Fireplace
Family room Living room Bonus/Rec room
Office/Den Dining room Dishwasher
Refrigerator Stove/Oven Microwave
Washer Dryer Laundry area - inside
Balcony, Deck, or Patio
Community Features

Garage parking
Other Special Features

Actual square footage is 3,100 including third level
Third level includes space for office, storage, family room and more!
South Pasadena School District
For more pictures and floor plan visit www.1857Hanscom.com
Additional Photos

1857 Hanscom Drive
Living Room
Kitchen
Balcony
Family Room
Bedroom
Contact Info
Tracy King
Coldwell Banker
DRE Lic#01048877
(626) 844-2256
For sale by agent/broker

Equal Opportunity Housing
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New listing! 652 Milo Terrace, Highland Park

652 Milo Terrace
HIGHLAND PARK, CA
NEW LISTING! For more pictures and information visit www.652MiloTerrace.com

2BR/1BA Single Family House
$399,000
Year Built 1937
Sq Footage 1,163
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 3,270 sqft
HOA/Maint $0 per month
Description

Want an affordable home that doesn't require a lot of work to make it your own?This light and airy 1937 traditional offers an open floorplan with the living, dining rooms and kitchen flowing from one to the other. The bedrooms are spacious as well. Original details throughout include bathroom tiles, the fireplace, the high coved ceiling in the living room, and hardwood floors. Comfortably updated with central air & heat. The backyard is a secret patio garden with garage rooftop deck. You can entertain with ease and have no lawn to mow.
Property Features

Central A/C Central heat Fireplace
Hardwood floor Tile floor Living room
Dining room Refrigerator Stove/Oven
Laundry area - garage Yard
Other Special Features

Traditional exterior with Spanish style on the inside
Many original details maintained - hardwood floor, 1930s bathroom tile, fireplace
Outdoor space features a deck and patio - no lawn to maintain!
Open floor plan from kitchen to living room
Additional Photos

652 Milo Terrace
Kitchen
Living Room
Master Bedroom
Bath
Deck
Contact Info
Tracy King
Coldwell Banker
DRE Lic#01048877
(626) 844-2256
For sale by agent/broker

Equal Opportunity Housing
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1302 Hits

New listing! 5024 Monte Bonito Drive, Eagle Rock

5024 Monte Bonito Drive
EAGLE ROCK, CA
New listing! Open Sunday, February 6, 12-3pm; Tuesday, February 8, 10-2pm; and Thursday, February 10, 10-2pm.

5BR/2BA Single Family House
$599,000
Year Built 1927
Sq Footage 2,599
Bedrooms 5
Bathrooms 2 full, 0 partial
Floors 2
Parking 2 Car garage
Lot Size 6,250 sqft
HOA/Maint $0 per month
Description

Character and style emanate from this lovely spacious Tudor-style home located above Colorado Blvd. The treetop views from the living room are framed by the original picture window. Gracious arches separate the dining room from the living and family rooms. The kitchen includes a breakfast eating area. The floorplan can accommodate several lifestyle choices. Want a large master suite with its own office or sitting room? Or maybe two master suites including the upstairs layout? Do you need 5 bedrooms? Or would you rather have separate offices for each family member? The backyard is fenced and private, ready for your al fresco barbecue party.
Property Features

Central A/C Fireplace Hardwood floor
Family room Living room Office/Den
Dining room Breakfast nook Dishwasher
Laundry area - inside Balcony, Deck, or Patio Yard
Other Special Features

Spacious Tudor-style home with character details
Located north of Colorado Blvd. in Eagle Rock
Floor plan can accomodate several lifestyle choices
The backyard is fenced and private, ready for your al fresco barbecue party.
Additional Photos

5024 Monte Bonito Drive
Living Room
Original Details
Dining Room
Kitchen
Yard
Contact Info
Tracy King
Coldwell Banker
DRE Lic#01048877
(626) 844-2256
For sale by agent/broker

Equal Opportunity Housing
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1305 Hits

NEW LISTING! 1402 Hill Drive, Eagle Rock

1402 Hill Drive
EAGLE ROCK, CA
NEW LISTING! Open Sunday, February 6, 1-4pm; Tuesday, February 8, 10-2pm; and Thursday, February 10, 10-2pm.

3BR/2BA Single Family House
$649,900
Year Built 1937
Sq Footage 1,711
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 6,534 sqft
HOA/Maint $0 per month
Description

This Deco-era traditional has been rescued from a shabby past and transformed into a spacious updated home with all the modern conveniences--from central air & heat to a restaurant-style stainless steel stove. From the original front door and entry hall to the brick patio off the back, tradition has been honored in this quality re-do. The living room is graciously large, with original French doors and windows, hardwood floors, wainscoting, and tailored brick (decorative) fireplace all accented with Martha Stewart paint colors. The kitchen and bathrooms are new but recall the bygone days with marble counters and subway tile. Enjoy the best of both old and new--all on the most prestigious street in Eagle Rock.
Property Features

Central A/C Central heat Fireplace
Walk-in closet Hardwood floor Tile floor
Living room Dining room Dishwasher
Refrigerator Stove/Oven Laundry area - inside
Balcony, Deck, or Patio Yard
Community Features

Garage parking Covered parking Laundry on-site
Other Special Features

Completely renovated Deco-era home
Located on the most desirable street in Eagle Rock
All the modern conveniences amidst original charm
Kitchen and baths totally new, but maintain character details
Gracious living room with French doors leading to patio and lawn
Additional Photos

1402 Hill Drive
Living Room
Dining Room
Kitchen
Master Bedroom
Patio and Yard
Contact Info
Tracy King
Coldwell Banker
DRE Lic#01048877
(626) 844-2256
For sale by agent/broker

Equal Opportunity Housing
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1415 Hits

Deal of the Day

Available to see 12-3 Sunday. English Tudor in Eagle Rock. Flexible floorplan offers as many as 5 bedrooms, 2 baths, den, family room and more! $599,000!

Sent from my iPhone

Posted via email from Tracy's LA Real Estate

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Design Tips to Sell Homes

One of the panels we attended at the Inman Connect Real Estate Conference in New York a couple weeks ago featured Vern Yip from HGTV's "Deserving Design." He was fantastic to listen to and had a lot of great tips for showcasing a home to really appeal to its buying audience. Here is his presentation (you can skip ahead to 11:45 to get to the tips): Design Tips to Sell Homes. You can read the transcript of the presentation here.

And here are his "Best Ideas for Staging Your Home":

1. Present an optimal space plan

Optimize every room with a space plan that keeps rooms open and easy to negotiate, while showcasing how to utilize unusual spaces. Moving furniture around doesn't cost anything! This is so critical because not everyone who enters a property has the ability to envision how that property can be fully utilized. Sometimes people just aren't visual people, that's not what they do. Presenting an optimal space plan is the first and most critical portion of really showcasing what makes a property special.

A couple of examples:


  • Take an awkward nook in a bedroom or kitchen and turn it into a home office.

  • Use a dining room table as a place for meals and a desk for projects. In Urban Oasis New York, Vern used a table that seats six, but also served as a desk complete with pedestals for storage and electronics. He points out that it also serves as a prep surface for the open layout kitchen - all to show viewers how to optimize square footage in a small apartment.

  • Hide a laundry unit behind doors in the kitchen, or a hall closet, or a bathroom closet.

It's really about showing people how a space plan can improve their space and what they're actually getting.

2. Stick to a monochromatic scheme

A monochromatic room with minimal contrast looks bigger because the number of visual breaks is minimized. When you diminish contrast you actually expand the visual plane. Neutral colors in tans, warm grays, taupes, and shades of warm white have the most flexibility for adapting rooms to anyone's style and have the broadest appeal. A fresh coat of paint is the best investment when staging a property for sale.

An example:

In one unit from the show Selling New York there were some serious architectural elements in the living area. Everything in this unit is painted a warm white color, even some of the furniture is white. So the structural element blends in with the environment. You can accent it if you want, but painting it the same color as the wall diminishes it so if somebody doesn't necessarily like it, it fades into the background.

SELLING NEW YORK BIGGER JPEG

3. Incorporate organic elements

Real elements will make a property look well cared for and add an appealing sense of life, vibrancy and vitality to a space. They don't have to necessarily always be fresh flowers or plants. A couple of examples:


  • Instead of fresh flowers, Vern staged three clear jars with different kinds of hard candy in the entry area of the Urban Oasis New York Unit (he also mentioned "candy is questionable as to whether or not it's organic, but again it's injecting that sense of life to a space").

  • A bowl of apples is a great way to go. They can last three to four weeks, are relatively cheap, and they give a lot of life to a space.

  • One of Vern's favorite tricks: Monstera leaves in a vase (placed on a nightstand or bathroom counter looks great). They are a couple dollars each and last for several weeks.

monsteraleaves

4. Edit to showcase a space

Editing is free and an invaluable tool for expanding the visual volume of a room while also making it look neater, cleaner, and more expensive. When it comes to accessories, fewer items with higher individual impact offers the most bang for your buck.

People have a natural tendency to just accumulate stuff. Before going on the market it's important to go through a home and really edit down your belongings so that a potential buyer can visually understand what's happening in the property they're looking at.

An example:

Yip.Bedroom-HighRes-1

"This is a bedroom from Urban Oasis New York. It's not the world's largest bedroom, but we've done the monochromatic color scheme and we've really pared it down. We put one large, central bed there, we have these pedestals on either side showcasing these keystones from a demolished brownstone here in Manhattan, and these pedestals also have niches so that they serve as night stands. Fewer things, really substantial things. More meaningful things, but fewer things really help showcase the property."

5. Place visual emphasis on highlights of a room

Whether a space has a fantastic view, a tremendous volume, or incredible floors, the highlight of a room should always be underscored dramatically! This is so important because every room has highlights, it's really up to you to now find out what those are and highlight them.

If, say, the highlight is an unobstructed view - put low furniture near the window and keep a monochromatic scheme to not distract the eye from the view.

6. Remember secondary spaces

Finish and accessorize auxiliary spaces. Bathrooms, guest rooms, and home offices should be treated as primary spaces and showcased with furniture, accessories, and organic items to illustrate that a property has many possibilities.

Everybody thinks about the living room, everybody thinks of the dining room, everybody thinks about the master bedroom. But you have to think about the secondary spaces as well if you really want to sell a property.

A couple of examples:


  • In bathrooms: include artwork on the walls, place fresh towels in a basket, put a plant on the counter.

  • In guest bedrooms: make sure there are fresh linens on the bed, put lamps on the side tables, add an organic element to a dresser.


So those are your tips today on how design can really help sell a property. Of course, if this all sounds like way too much work for you to handle before you sell your home, staging is a great option to showcase your home for the market. We work with a fantastic stager who will come in and make a detailed list of what needs to be done to make your home look fantastic.

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Tracy King, Realtor
DRE# 01048877
Phone: 323-274-2148 | This email address is being protected from spambots. You need JavaScript enabled to view it.
COMPASS DRE# 01991628

Keely Myres, Realtor
DRE# 01834633
Phone: 323-274-2148 | This email address is being protected from spambots. You need JavaScript enabled to view it.
COMPASS DRE# 01991628

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