Suzette Sells La

Right now, for every $100,000 of Loan Amount, your mortgage payment on a 3% interest, 30 year fixed rate mortgage would be about $422 per month. By contrast, in 2000, at an interest rate of 6%, the same mortgage loan would cost you $600. Big difference in monthly payments, isn't it? So if you're paying $3000 in rent today, you could instead OWN YOUR OWN $700,000 House or Condo! And right now, with only a FIVE PERCENT DOWN PAYMENT. Think about it!

ECONOMIC UPDATE For The Week Ending February 20, 2021 Stock markets ended the week slightly lower on inflation fears - U.S. retail sales jumped 5.3% in January.... This unexpected jump was credited mostly to consumers spending stimulus checks, as well as a general feeling that the worst of COVID is behind us. On the other hand, investor’s confidence in the economy, and a tremendous amount of stimulus money being added to the economy, has promoted fears of inflation. Those inflation fears, and economic optimism have caused bond yields to increase. Higher bond yields lead to higher interest rates which increases borrowing costs for businesses, consumers, governments, and mortgages. This held stock markets from jumping again this week despite strong corporate earnings, a drop in COVID cases, and strong data from just about all sectors. The Dow Jones Industrial Average closed the week at 31,494.32, up 0.1% from 31,458.40 last week. It is up 2.9% year-to-date. The S&P 500 closed the week at 3,906.71, down 0.7% from 3,934.83 last week. It is up 4.0% year-to-date. The NASDAQ closed the week at 13,874.36, down 1.6% from 14,094.47 last week. It is up 7.7% year-to-date. U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 1.34%, up from 1.20% last week. The 30-year treasury bond yield ended the week at 2.14%, up from 2.01% last week. We watch bond yields because mortgage rates often follow treasury bond yields. Mortgage rates - The February 18, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 2.81%, up from 2.73% last week. The 15-year fixed was 2.21% almost unchanged from 2.19% last week. The 5-year ARM was 2.77%, almost unchanged from 2.79% last week. California existing home sales - The California Association of Realtors reported that existing, single-family home sales totaled 484,730 on an annualized basis in January. That represented a year-over-year increase of 22.5% from the 395,700 annualized rate of homes sold in January 2020. The median price paid for a home in California was $699,890, up 21.7% from the median price of $575,160 last January. Inventory levels were lower than one year ago. There was just a 1.5-month supply of homes for sale in January, down from a 3.4-month supply one year ago.

You may not realize it, but Owning your Own Home HELPS YOU when: >You're experiencing FINANCIAL HARDSHIP (job loss, medical expenses) >You need money to START A NEW BUSINESS >You want to INVEST IN A LOVED ONE'S FUTURE (College?)

Wishing all the world a very happy, healthy, safe, prosperous, and peaceful New Year! Filled with love and laughter! And for everyone: more fun in 21! 2020? It’s so OVER, thankfully.

INTEREST RATE UPDATE: Bonds are up, interest rates will be going up. If you're thinking of buying, don't wait. You'll pay more.INTEREST RATE UPDATE: Bonds are up, interest rates will be going up. If you're thinking of buying, don't wait. You'll pay more.

Thinking about selling in the near future? Have a read....

WISHING YOU ALL A MERRY CHRISTMAS and MORE FUN IN '21! To put a smile on your face:

VERY IMPORTANT! If you change something in your financial picture while you're in the process of obtaining a mortgage, it could cause your loan to be denied, and you could also lose the chance to purchase the home you've selected!

Just in: The most home sales EVER in November, happened this November 2020! Sales are through the roof! Not kidding.

California Proposition 19: What Does This Mean for Property Tax Transfers and Exemptions? from Best Best & Krieger, Attorneys at Law: Children Inheriting Parent...s’ Property Will Be Impacted Financially Newly passed Proposition 19 will have potentially severe financial consequences for children inheriting property from their parents. Approved by California voters in the November election, Prop. 19 marks a landmark change to Prop. 13, the 1978 law that aims to limit property taxes. Eligible homeowners may now transfer their tax basis anywhere within the State and to a property of greater value, whereas previously homeowners were limited to transfers within certain counties and to homes of the same or lesser market value. Prop. 19 increases the number of times that certain people may transfer their tax assessments. If a person is 55 years or older, has severe disabilities, or lost a home in a natural disaster, the person may transfer their tax assessment up to three times now (up from one). The new law also requires market-value reassessments for inherited properties that are not used as the heir’s principal residence. For those property owners age 55 and older, they will be able to blend the taxable value of their old home with the value of a new, more expensive home, which will result in positive property tax savings. For example, if a senior couple sold their home with an assessed value of $250,000 for $2 million and bought a new home for $3 million, the new home’s assessed value would be $1.25 million, which is the $250,000 assessed value, plus the $1 million increase in home value. But unfortunately, many people will experience a negative impact from Prop. 19, since it considerably limits the availability of the parent-child exclusion for purposes of real estate tax assessments and the resulting property-tax consequences. Prior to Prop. 19’s passage, parents could transfer a primary residence to children without any new fair-market reassessment, regardless of how the children chose to use the real property. Effectively, this would allow children to avail themselves of the same property tax basis that their parents enjoyed. Additionally, any secondary property, such as a vacation home, rental property or commercial property, could be transferred with up to $1 million of the assessed value being exempt from the increase in property taxes again, regardless of its use by the children. Beginning Feb. 16, children who inherit real property from their parents will have to factor in increased property taxes in the decision to keep or sell the property. If a child chooses to keep the real property and use it as the child’s primary residence, then up to $1 million of the reassessed value will be excluded from the new property-tax basis. (Before, primary residences could be transferred with no cap.) If the child chooses to keep the property as a second home, vacation home or rental property (anything other than as the child’s primary residence), there is no $1 million exclusion and the child will face a significant increase in property taxes. For example, if parents purchased a rental property in 1940 for $50,000, and the value of the rental property is more than $1 million when it is transferred to a child after Feb. 16, the parents’ tax basis does not pass to the child. The child will now have to pay property taxes based on the assessed fair market value, which will significantly affect the child’s decision to keep or sell.

Forebearance means that your Lender will allow you to skip some mortgage payments during this tough time; the missed payments will be added to the back end of y...our loan instead, extending the payoff date for a few months. It has saved millions of people this year from impending foreclosure. See more

Interesting, isn't it? Property values are continuing to rise, and transactions are continuing as if it's Summertime, amidst the pandemic. For example, Septembe...r 2020 sales and listings were the highest on record of ANY September in the history of the USA. October 2020 was the third highest in history. This volume of transactions into Winter is unprecedented. There are not enough houses on the market right now to satisfy all the Buyers, so Multiple Offers on almost everything are still the norm! We've never seen this before. If you're even thinking of selling in the next 6 months, sooner rather than later would make good sense, since we don't know how long this surge will last. Click to read more: See more

View from the window of my house on Como lake, Italy. The opposite shore village is Torno. Where are you seeing from? Stay in good health

Hello my Friends, This year has been a very difficult one for us all. It has irreparably changed so many people's lives, worldwide. In the days when we were tr...ying to be better people, there was more kindness between us than friction. If we all focus on the things we have in common, we will all get along better than if we focus on the ways we are different. So I'm sending out a thought to the Universe, in the hopes that the collective unconscious will absorb it: Let's be kind to one another; and try to spread light instead of darkness, in everything we do, say, post, tweet, and retweet. Because what we focus on expands. Wishing you safe, Happy Holidays, and a better 2021 for us all. Take care and be well, All the best to you! Suzette See more

Right now there are not enough homes on the market for all the buyers out there! We're getting multiple Offers on almost everything, pushing the sales price of ...each home higher! This has never happened before during Holiday season...so if you're thinking of selling, now is a very good time! Read why: See more

Top of the morning!

Wow! Let's do more of this!

MORTGAGE INTEREST RATES & REAL ESTATE UPDATE: The average contract interest rate right now, for 30-year fixed-rate mortgages with conforming loan balances ($510...,400 or less) decreased to a survey low of 2.92% from 2.99%. Mortgage applications to purchase a home rose 4% for the week and were 19% higher than the same week one year ago. (CNBC) 30 year Fixed - 2.78% 15 year Fixed - 2.32% 5/1 ARM - 2.89% (ARM=Adjustable Rate Mortgage Displayed information assumes a customer with a 740 credit score borrowing a conventional loan for a single-family, primary residence, paying zero discount points, and a 80% loan-to-home-value ratio. These rates are the lowest in US history, EVER. *All rates are estimates and/or averages* THIS MEANS THAT IF YOU BORROW $1,000,000 now for 30 years at 2.78%, your mortgage payment would be about: $4,098 month. When mortgage interest rates were at 6%, the same loan payment would have been $5,996 per month ~ almost $6,000. This is one of the reasons the Real Estate market is still going very strong in December 2020. See more

Do you know these things?

If you're currently trying to buy a home right now:

Things to think about:

15.5% increase from last year and climbing for the last 104 months! If you are thinking about selling, NOW is the time and I can help. Call me today for a free ...market analysis of your home. 310-346-7919 Economic update for the week ending November 28, 2020: Stock markets rose to historic highs again last week - In a holiday shortened week stocks continued to climb. More news on the vaccine front indicates that approval to begin widespread vaccinations is just weeks away. The Dow Jones Industrial Average is up almost 13% for the month. The Dow closed the week at 29,910.37, up 2.2% from 29,293.48 last week. It’s up 4.8% year-to-date. The S&P 500 closed the week at 3,638.35, up 0.8% from 3,557.54 last week. It is up 10.1% year-to-date. The NASDAQ closed the week at 12,205.85, up 3.0% from 11,854.97 last week. It’s up 36% year-to-date. U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 0.84% almost unchanged from 0.83% last week. The 30-year treasury bond yield ended the week at 1.57%, up slightly from 1.53% last week. We watch bond yields because mortgage rates often follow treasury bond yields. Mortgage rates - The November 25, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.72%, unchanged from 2.72% last week. The 15-year fixed was 2.28%, unchanged from 2.28% last week. The 5-year ARM was 3.18%, up from 2.85% last week. U.S. Existing-home sales continue to spike in October - The National Association of Realtors reported that existing home sales in October rose 4.3% month-over-month from September and rose 26.6% year-over-year from the number of homes sold in October 2019. The median price paid for a home increased 15.5% from one year ago. That marked the 104th straight month of year-over-year increases in the median price. Theinventory level in the United States was 1.42 million homes, a 2.5-month supply. That’s a record low. There was a 2.7-month supply last month and a 3.9-month supply in October 2019. I hope you had a very happy Thanksgiving and I wish you an enjoyable holiday season! See more

Recent Home Sales in Brentwood: A Sampling from Suzette Kitselman, Rodeo Realty. Brentwood Single Family Residences Sold in the last 3 months ~ Real Estate Upda...te: ~2 Bdrms, 3 Ba, 3000 sq. ft Sold for $1, 450,000 ~ 30 days on market,(lowest price) ~5 Bdrms, 7 Ba, 9200 sq. ft, Sold for $25,800,000 in 75 days. (top price) ~143 Brentwood Homes Sold in the last 3 months ~ most are in the $2M-$.5M price range. More homes have sold nationwide this Fall 2020 than any previous year in the Fall, in the history of the US; it's unprecedented. Let me know if you have questions or need more information. Stay Positive and Test Negative! See more

Recent Home Sales in in Hancock Park: A Sampling from Suzette Kitselman, Rodeo Realty. Hancock Park Single Family Residences Sold in the last 3 months ~ Real Es...tate Update: ~3 Bdrms, 3 Ba, 1450 sq. ft Sold for $915,000 ~ 40 days on market,(lowest price) ~9 Bdrms, 11 Ba; 13,150 sq. ft, Sold for $11,500,000 in 34 days~ $1M OVER ASKING PRICE! (top price) ~147 Hancock Park Homes Sold in the last 3 months ~ most are in the $1M-$3M price range. More homes have sold nationwide this Fall 2020 than any previous year in the Fall, in the history of the US; it's unprecedented. Let me know if you have questions or need more information. Stay Positive and Test Negative! See more

Who knew? What do you think? LOL

ECONOMIC UPDATE for the week ending November 14, 2020 Stock markets - Stocks advanced further this week after the announcement that Pfizer’s COVID-19 vaccine ha...d proven to be 90% effective. By week’s end other vaccine manufactures also reported that they were experiencing similar results. The Trump administration announced that the vaccine will be available to the most vulnerable by the end of the year. Despite COVID-19 cases spiking in across the country, and Europe, the threat of stay at homes orders in some states, anticipation of a vaccine kept investors optimistic. The Dow Jones Industrial Average closed the week at 29,471.81, up 4.1% from 28,343.40 last week. It’s up 3.3% year-to-date. (The all-time record high for the DOW was 29,553 on 12, 2020.) The S&P 500 closed the week at 3,585.15, up 2.2% from 3,509.44 last week. This is a all-time record close. It’s up 11% year-to-date. The NASDAQ closed the week at 11,829.28, down 0.6% from 11,895.23 last week. It’s up 31.8% year-to-date. U.S. Treasury bond yields - The 10-year treasury bond closed the week yielding 0.89%, up from 0.83% last week. The 30-year treasury bond yield ended the week at 1.65%, up from 1.60% last week. We watch bond yields because mortgage rates often follow treasury bond yields. Mortgage rates - The November 12, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.84%, up from 2.78% last week. The 15-year fixed was 2.34%, almost unchanged from 2.32% last week. The 5-year ARM was 3.11%, up from 2.89% last week (this is not a popular product and not many lenders are offering it). California third quarter home affordability report - Every quarter the California Association of Realtors issues a housing affordability report. They have reported that a surge in home prices made homes less affordable in the third quarter of 2020. They reported that 28% of California households could afford to purchase a $693,680 median priced home in the third quarter of 2020. That brought home affordability down from 33% in the second quarter. It was 31% one year ago. A minimum annual income of $127,200 was needed to qualify for a monthly payment of $3,180. The California Association of Realtors always uses the same formula to remain consistent. It is the principal, interest, property tax and insurance payment on a 30-year fixed rate mortgage with 20% down. The average interest rate in the third quarter was 3.15%. Condominiums and townhomes were more affordable. They found that 42% of California households were able to purchase a $512,000 median priced condo or townhome. An annual income of $94,000 was needed to qualify for the monthly payment of $2,350. Rates were lower at the end of the quarter, but prices were higher. It will be interesting to see what the fourth quarter figures are. Have a great weekend! See more

In case you're waiting to sell next year, think again. Interest rates may go up next year, so there won't be so many Buyers out there. Here's why:

Marvelous news!

Here's what we're doing to minimize any covid risks, and IT'S WORKING!

Have you wondered?

RIP Sir Sean! You made an impact on us all....xoxo

This will answer a lot of the questions I get:

Think about it.....

If you're thinking of waiting for real estate prices to go down, don't hold your breath. Here's why:

Click to read the article....

Wouldn’t you love to visit this place?

Have you been thinking of buying a home? Interest rates are super low! = Lower Mortgage Payments! Here's a short video I made to explain how the process works

Incredible stairway!

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On the road today

Did you know this?

Sweet Rental or Owner-Occupy + Income Property for Sale in Silverlake! $799,000 #SuzetteSellsLA #Realtor #Realty #RealEstate #Broker #ForSale #NewHome #HouseHun...ting #MillionDollarListing #HomeSale #HomesForSale #Property #Properties #Investment #HomeListing #Housing #CreditReport #JustListed #Renovated #Fixer #LuxuryLiving #SuzetteKitselman #SuzetteinLA #RodeoRealty #SuzetteKitselmanTopTeninCalifornia See more

Have you ever asked yourself this question? I made this little video for you! Please let me know if you have any questions, ok? I'm not a mortgage broker anymore, but was one for 10 years.... Just breaking it down for you....

More energy efficient, easier to maintain, accessible to everyone, with good reselling potential down the road.....

Notes from a local philosopher.....click to expand the photos and read the full message of each! :)

This is what's happening now in the Luxury Marketplace.....

Hey There! The low mortgage interest rates you've heard about mean that your mortgage PAYMENT will be LOWER to get into a new home than EVER BEFORE. I'm not ki...dding! When I started in Real Estate, the mortgage interest rate was 18% and people were buying like crazy. Now it's around 3%. Whats the difference? Loan amount: $500,000 ~ interest rate 18% ~ 30 year loan ~ payment $7,535 month Loan Amount: $500,000 ~ interest rate 10% ~ 30 year loan ~ payment $4388 month Loan Amount $500,000 ~ interest rate 6% ~ 30 year loan ~ payment $2,998 month NOW: Loan Amount: $500,000 ~ interest rate 3% ~ 30 year loan ~ payment $2,108 per month! ITS THE SAME LOAN AMOUNT ~ SAME HOUSE. These are all based on a fixed rate loan for 30 years, Principal & Interest payments from the mortgage calculator. See more

Hey Friends! How do you like my new video? Please have a look and let me know ~ ok?

FYI: Home Buyer Traffic jumped again in July, recording a 60% INCREASE in nationwide showing activity. Click to read more, including the sources of the data, so you know I'm not blowing smoke up your skirt! It's an excellent time to sell, wherever you are in America.

Here's a truly heartwarming story about the bond formed between a little 4-year-old girl and some construction workers that will make you believe that we all ca...n make a difference when we give a child the gift of our time. A young family moved into a house, next to a vacant lot. One day, a construction crew turned up to start building a house on the empty lot. The young family's 4-year-old daughter naturally took an interest in all the activity going on next door and spent much of each day observing the workers. Eventually the construction crew, all of them "gems-in-the-rough," more or less, adopted her as a kind of project mascot.They chatted with her, let her sit with them while they had coffee and lunch breaks, and gave her 20 little jobs to do here and there to make her feel important. At the end of the first week, they even presented her with a pay envelope containing ten dollars.The little girl took this home to her mother who suggested that she take her ten dollars "pay" she'd received to the bank the next day to start a savings account.When the girl and her mom got to the bank, the teller was equally impressed and asked the little girl how she had come by her very own pay check at such a young age.The little girl proudly replied, "I worked last week with a real construction crew building the new house next door to us." "Oh my goodness gracious," said the teller, "and will you be working on the house again this week, too..?"The little girl replied, "I will, if those assholes at Home Depot ever deliver the fucking drywall". ~ from a friend in Australia See more

What a great idea! Do you have kids home schooling right now? (who doesn't?)

People are MOVING!

This will break Pasadena records if it sells at the $40M asking price:

As I point out in my youtube video, How to Buy a Home ~ the Guide for the First Time Home Buyer, being Pre-Approved with your Lender puts YOU in the best bargaining position when you make an Offer on Your New Home! Your Offer is not taken seriously WITHOUT this Pre-Approval! Read more to find out why:

This quick little video (scroll down) is full of great info....

Have you ever asked yourself this question? If you like it, please like & subscribe, thanks SO much!

Let me know if you’re interested

Hey People! Have a look at my Channel on YouTube for lots of Real Estate tips & info!

LOOK! If you got a $300,000 Mortgage in the 1970's, your payment would be DOUBLE what it is NOW! THATS HOW LOW THE INTEREST RATES ARE TODAY. Excellent time to BUY, great time to SELL.

Client sent me flowers!

This gets the prize for the most interesting upcycle of a piano though definitely not for me! Even for a pianophile this is waaaay over the top literally & figuratively! How could you mount this thing????