Aug. 9, 2021

Buyers: Avoid These 3 Common Mistakes

Here are three common mistakes buyers need to avoid in today’s market.

 

When you’re in the market to buy a home, be sure to avoid making these common mistakes:

 

1. Not working with a good lender. Before you begin your home search, be sure to align yourself with a qualified local lender. Find out all of the costs involved in buying a house, such as what your estimated monthly payment would be. The last thing you want to do is fall in love with a house only to find out that you can’t afford it.

 

2. Misunderstanding the listing price. When you’re looking at homes on Zillow or Redfin, you’ll see what a house is listed for, but make sure when you’re looking at certain areas that you’re also looking at the sold data for those areas. On my website, you can see a list of homes that have sold nearby, which lets you compare and contrast them to find out what the home will most likely sell for in the current market.

“The last thing you want to do is fall in love with a house only to find out that you can’t afford it.”

 

3. Working with an inexperienced agent. Many factors are involved with getting your offer accepted in this hot market, so make sure that you’re working with an agent who strives to represent you to the best of their abilities. Too many times buyers have called me for help, telling me that their previous agent simply told them to go on Zillow to look for homes. Experienced agents will help their clients every step of the way.

 

If you’re in the market to buy a home and have any questions or need assistance, feel free to reach out to us. We’d be happy to go over your options and come up with a strategy to help you succeed.

Posted in Home Buyer Tips
July 27, 2021

Checking in on Our Local Market

Here is a quick update about how our local real estate market is doing.

 

This June in La Mirada, the median sales price for a single-family home was approximately $700,000. That’s up 13% from June 2020, when the median sales price was $620,000. What’s behind this? It’s a combination of a few things: low interest rates, super high demand, and limited inventory.

 

Now let’s talk about days on market, or how long a property is available on the open market before it goes under contract. For single-family homes in our area, it took just six days for available homes to go under contract, compared to 12 days this same time last year. The median percent of the original price received is what buyers are offering to sellers for their homes compared to the original listing price. In June, our sellers received 102% of their asking price, which is an increase from 100% in June 2020. In terms of inventory, we currently have less than a 30-day supply, which is low compared to last year.

 

If you’re thinking about selling your home, reach out to us to learn how you can take advantage of this market, sell your home on your terms, and net the most money with as little inconvenience as possible. If you have any questions, don’t hesitate to contact us. We’d love to help you.

Posted in Market Updates
June 17, 2021

Is Now the Time to Sell in Our Market?

Now’s the time to sell in our market.

In case you didn’t know, we’re in a seller’s market. Inventory levels for single-family residential homes, condos, and townhomes are extremely low. If you’re ready to cash out and sell your home, now’s a great time to do so. 

What do the numbers from last May tell us? Year over year, new listings dropped 5.1% from 3,900 to 3,700 homes. Meanwhile, the average sale price rose 22% in that time from $646,000 to $789,000. During the whole month, sellers’ average list-to-sale price ratio was 105%, which, again, is great news if you’re considering selling. 

I want to congratulate one of our recent clients and thank them for giving my team and me the opportunity to sell their home in the Landmark Adult Community. They sold it for $40,000 over list price, which was the highest sale in the area. We can do the same thing for you, so if you’re ready to list or want to schedule a consultation detailing what to expect when hiring a real estate agent, give me a call or send me an email. I’d love to hear from you. Make sure you stay tuned for future videos so we can help you stay ahead of the curve in our market. 

Posted in Market Updates
Oct. 30, 2020

Whittier Single Family Home Prices Up 13.1% In September

Whittier, CA Geoffrey Luna

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Posted in News
Oct. 19, 2020

La Mirada Single Family Home Prices Up 13.8% In September

La Mirada Single Family Home Sales Price is up 13.8% in September 2020 from a year ago! In September 2019 the average sales price was $626,679, last month in September the average sales price for a single family home was $713,000. Home Sales are through the roof right now due to the historically low interest rates but also due to the lack of inventory of homes on the market. Geoffrey Luna of The Cartur Group that serves La Mirada has provided this data.To see how much your La Mirada Home is worth click here https://bit.ly/3k3tXg0 . 

 

Posted in Market Updates
Sept. 10, 2020

La Mirada Average SFR Sales Price Up 7.6% In August

La Mirada Single Family Home Sales Price is up 7.6% in August 2020 from a year ago! In August 2019 the average sales price was $625,750, last month in August the average sales price for a single family home was $673,069. Home Sales are through the roof right now due to the historically low interest rates but also due to the lack of inventory of homes on the market. Geoffrey Luna of The Cartur Group that serves La Mirada has provided this data.To see how much your La Mirada Home is worth click here https://bit.ly/3k3tXg0 . 

Posted in Market Updates
May 22, 2020

Prominent West LA Investor Remodels A Jaw Dropping North Montebello Home

Modern Montebello Masterpiece 

This Investor has done some amazing projects throughout his 30 years of experience in Southern California but this Modern Montebello Home is nothing short of amazing! North Montebello is a very nice and quiet area that is literally 15 min away from Downtown Los Angeles! Just off the 60 Freeway sits this beautifully remodeled modern beauty. Sitting on a 13,778 SqFt lot and being the last home with no neighbors to your left on a private cul de sac in beautiful North Montebello. From it's smooth white finish to it's custom features throughout the home you will sure fall in love. Listed by Geoffrey Luna DRE#02039592 from The Cartur Group based in Southern California they have truly done some amazing marketing for this home! Check it out!

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Listed by Geoffrey Luna 

DRE#02039592

TNG Real Estate | The Cartur Group

www.carturgroup.com

Click Below For All Details About This Home

https://bit.ly/2AUBVXC

Posted in News
May 1, 2020

La Mirada Housing Market Report April 2020 | Geoffrey Luna | La Mirada, CA

With all the drama surrounding the corona virus the La Mirada Housing Market has seen some inventory issues since this virus first came on the scene which explains the low days on market to sell a home. The Good news is the average Sales Price for a Single Family Home is just around $668k in April this year which is 6.9% higher than last year! 

Find Out What Your La Mirada Home is Worth: https://bit.ly/3cLhydg

Create a Free Custom Market Report: https://bit.ly/3g3IfvS

 

 

 

Posted in Market Updates
June 10, 2019

Good Deal On 4 Units In Rosemead Coming Soon To The Market

Great opportunity to own a fourplex in the city of Rosemead with tons of potential. This unique property is conveniently located next to the 60 Freeway along with the great shopping amenities like the Monterey Park Market Place and The Shops at Montebello. Each unit is equipped with the highly sought after 2 beds and 1 bath layout and all have their own single car garage while also containing their own washer & dryer hookup. Whether you are looking to live in one and rent the others or purchase for rental income this property is a rare opportunity. This property still falls under residential financing meaning that you could get into this property with a low down payment. Please contact Geoffrey Luna with any questions. 

Click Here To Learn More:

https://bit.ly/2K7Zuj3

Posted in News
April 30, 2019

Check Out The Transformation Of 9825 Melgar Drive in the Beautiful Sungold Hills Of Whittier, CA

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9825 Melgar Drive Whittier, CA 

Offered at $699,888

 Nestled on a quiet street in the highly desired Sungold Hills of Whittier, CA this luxurious, modern style, pool home features a great layout on a nice sized lot. From its panoramic views to its award winning school districts this home also has tons of upgrades that add to its modern ambiance. When you walk up to this spectacular home you will notice its manicured landscape and remodeled concrete along with its new vinyl windows and upgraded 2 car detached garage. This entertainer’s home has a beautifully upgraded patio with installed fans and TV to go along with its awesome pool and panoramic view. Once you go inside you will notice its large family room with a beautifully upgraded fireplace along with its installed surround sound speakers. This highly upgraded kitchen features custom oak cabinets and custom granite with a lot more. Come and check out this wonderful home as it will not last long.

 

 

For Any Questions Please Call 

Geoffrey Luna 

T.N.G Real Estate Consultants

(562)-686-4593

Posted in News