SoCal Properties

Southern California is Having a Pandemic Real Estate Boom By Ian Spiegelman Great short article covering the current market as it stands today... We are starting to see the same trends as in why people are buying like crazy right now The biggest motivating factor is that people who most likely were already going to purchase a home have done so due to the lockdown keeping them in less than ideal residences With COVID still giving us no clear sign as to when things will go back to normal, families in small homes have decided it is time to upgrade and spread their legs And with a majority of businesses looking to keep a majority of workers at home finishing tasks, commuting time to and from work seems to be an afterthought Also we have to mention the average rates of mortgages staying at all times lows making it easier for families to afford payments of a bigger home It looks like we will have a strong year in real estate but because none of us have a crystal ball it’s still too soon to gauge whether the market will slow down The link to the article https://www.lamag.com//southern-california-is-having-a-pa/ Have a blessed day

What do you do when someone isn’t holding up their part of the bargain? Do you lash out and belittle them? Do you blame the circumstances?... Do you avoid the problem? No, no and absolutely not..... Find a solution even if that means you have to do work than is expected of you. Because at the end of the day the person buying and/or selling a home don’t care about the problem or who’s fault it is. All they care about is if they can buy and/or sell a home with the help of an agent who goes above and beyond their call of duty! This is how life works, and here the SoCal Properties Team believes this is how we must conduct ourselves in EVERYTHING we do! We take extreme accountability for our business transactions, business relationships, finances, social relationships and every single activity or action we are involved in.

Update on New Listings 10452 Shangri La Dr, Huntington Beach - Coming to the market next week! - 4 BD / 4 BA... - Great Location - Turn Key 2332 W Lincoln St, Long Beach - Duplex - Rear Unit Vacant - Good Financials Contact Mark Perez for more info: (562) 751-0660 [email protected]

Another day closer to our Wealth Building Seminar! Regardless if you are an experienced investor or a green investor, learning from someone in the real estate market will be beneficial to your investing career! As always we reserve 30minutes for questions after the seminar.... Link to event: https://www.eventbrite.com/e/wealth-building-seminar-ticket #invest #investinyourself #investing #investment #investmentproperty #investor #investors #investments #investingtips #investingforbeginners #realestate #realestateinvesting #realestateinvestor #realestatetips #financialfreedom #financialliteracy #finance #financialindependence #financetips

SoCal Properties Active Listings 1) 2949 Kenwood Ave, Los Angeles 2) 3973 Arlington St, Los Angeles... 3) 518 W 48th St, Los Angeles 4) 1205 Acacia Ave, Compton

GREAT ARTICLE for anyone looking for a market update on Los Angeles County! Important Takeaways: 1) Median Home Price: $664,160... 2) Home Sales for Single Family Detached Homes: +10.5% 3) Unsold Inventory for Single Family Detached Homes : 2.1 months 4) Median Time on the Market for Single Family Detached Homes: 9 Days Excerpt from article: We will discuss the Los Angeles housing market trends and forecast for 2021. Due to coronavirus home sales dropped over the past couple of months but prices remained high and in June, we saw the first rebound in home sales. Home prices & sales are accelerating year-over-year across the Southern California housing market and Los Angeles is no exception.

"How do you know if a property makes sense in terms of purchase price and rental market rate? The 1% Rule The goal is that the monthly rental income equal around 1% of the purchase price. For example, if you purchase a property for $400,000 then your goal is to collect around $4,000 in rent per month. It's not a hard number, it's flexible. Often times, more expensive neighborhoods have lower than a 1% return but do not have as much wear and tear and/or has different apprecia...tion rates." - Sergio Orzynski See more

New Listing Coming Soon 2332 W Lincoln St, Long Beach 2 Units... Both are 2 BD / 1 BA Great Financials Contact Mark Perez for more info! (562) 754-0660 [email protected]

JUST CLOSED 286 Coyote Dr, Colton 2710 S Normandie, Los Angeles... 2 Closings to start the New Year has us starting the year strong!

Transaction Tuesday! What happens when your client owns a property in Los Angeles while she lives in Northern California and has agreed to sell the property? Sounds easy right? Not an issue when we have access to wonderful tools such as DocuSign to get signatures for documents. ... Well this client preferred to do things the old school way which requires pen and paper. There is nothing wrong with prefering old school methods in this day and age. There is something special about pen meeting paper when most of us are so accustomed to typing and emailing each other, you could say it is more personal. But when timelines and deadlines can make or break a deal and mailing documents is not instantaneous, how do you overcome these obstacles?