Monday, June 05, 2006

Current Market Conditions

Single family homes currently range from $425,000 - $2,995,000. Charming character homes & neighborhoods keep Glendale a sought after destination. Prices are an excellent value when compared to adjoining Silver Lake and Los Feliz.

Numerous Distinct Neighborhoods, my favorites: Adams Hill (Eclectic, views, hillside), Cumberland Heights & Melwood Estates (Character Estates & Homes), Verdugo Woodlands (wooded - don't be surprised when you see deer), Chevy Chase & Glenoaks Canyon (more deer in a quiet canyon setting), Rossmoyne & Northwest (generally vintage homes on flat lots).

SELLERS TIPS: Stage your home for sale, Phyllis Harb offers the complimentary services of a professional home stager to assist you in preparing your home for sale. Often, simply rearranging furniture and decluttering enhance the marketability of your home. Other times, inexpensive improvements will be recommended in order to further maximize your profits.

BUYERS TIPS: Flexibility: escrow period, possible rent backs, etc. Your flexibility often is as important to the seller as the offered price. Of course homebuyers should be pre-qualified and the prequalification letter as well as evidence of your down payment should be submitted with your offer.

Cosmetic fixers may be the best opportunity for buyers to obtain a "deal". Cosmetic fixers are homes that offer updated major systems (roof, central air, etc.) but have unappealing flooring, wallpaper, etc.

Click on market conditions to view information about nearby cities.