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At the turn of the millennium, a gameshow started to dominate pop culture in the U.S. due to its lofty promises of wild riches. Today, Who Wants to Be a Millionaire could easily be retitled Who Wants to Own a Home in Los Angeles. Sure, it’s not as catchy. But it pretty much equates to the same thing. The Los Angeles Times summed it up as much in their recent ...
The current real estate market has left many of us pondering why we see such a shortage of homes for sale. If you've ever wondered why homeowners aren’t putting their properties on the market, or if you're contemplating whether now is the right time to sell, this information is for you. Reasons Sellers Hesitate: Fear of Not Finding a Replacement Home: ...
It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...
Hope you’ve been well! I wanted to write you with some exciting news that you likely aren’t seeing in the headlines. You’ve no doubt heard a lot of talk about a housing market crash on the horizon to rival the events of 2008. It’s all over the news. But it’s also not exactly the story… in fact, it’s not even close. There w...
Thursday, January 11 was a momentous day for JohnHart Real Estate as our leadership team hosted our one-off {RE}VOLUTION event. At an undisclosed Glendale location, we introduced our agents to not one, not two, but six revenue streams. Experts presented opportunities, shared ideas… threw beach balls. You just had to be there. But the launch of a new company committed to transfo...
The key to making top dollar when selling your home isn't a secret—it's all about discipline and effort. Many people cut corners, resulting in lower potential prices. Don’t be one of them. In my years in real estate, I’ve seen countless examples where smart, well-placed investments of time and money have significantly boosted sales prices and sped up sales. This gui...
Recent reports indicate a notable change in the housing market, with price gains shrinking in many areas and sellers beginning to reduce prices after a stagnant spring season. For the first time since the early days of the COVID-19 pandemic in 2020, the typical home sold for slightly less than its asking price—0.3% lower—during the four weeks ending June 23. This is a significant sh...
August 2024 brought a breath of fresh air to home buyers weary from battling a relentless seller's market. While headlines may still scream about market volatility, a closer look at the absorption rate data reveals a more balanced reality. This analysis dives deeper into the August 2024 absorption rates, highlighting key trends and offering insights into what this means for both buyers and ...
Navigating the complexities of the IRS tax code, especially concerning 1031 Exchanges, can be challenging. Here’s a straightforward guide to help you understand which properties qualify for a 1031 Exchange, allowing you to defer capital gains taxes effectively. Defining Like-Kind Real Property Like-Kind Property: Properties held for: Productive use in a trade or business,...
So, you're considering joining the world of condo ownership? Congratulations! Choosing condo life offers a fantastic blend of convenience and community. But before you dive headfirst into condo hunting, there's an important distinction to understand: warrantable vs. non-warrantable condos. This distinction is particularly important when it comes to securing a mortgage. Le...
