A Buyer’s Perspective
Personal property not included
Ask Phyllis: a blog series of frequently asked real estate questions. Personal property not included Dear Phyllis, I recently bought a home, and my real estate agent assured me the washer, dryer, and refrigerator were included. The Zi...
Undisclosed Death
Ask Phyllis: a blog series of frequently asked real estate questions. Undisclosed Death Dear Phyllis, My daughter and her husband purchased a home in Azusa six months ago. The house was sold via probate and was a fixer, but my son-in-...
What is a Contingent Offer?
A “contingent offer” occurs when a buyer makes an offer on a home, the seller accepts it, and the purchase depends on meeting specific criteria. Contingent offers are crucial because they allow home buyers to back out and have their earnest...
Advantages of Homeownership: Stability, Equity, and More
There are numerous advantages of homeownership: Equity and Investment: As you pay down your mortgage, you build equity in your home, which can be a valuable financial asset. Real estate often appreciates over time, potentially providing a g...
Why is there a housing shortage
Why is there a housing shortage? It is due to the mortgage rate trap, creating a persistent challenge for the Los Angeles housing market. One major issue currently hurting the housing supply is the "mortgage rate trap." Many homeowners a...
Using the same Realtor for buying and selling
Ask Phyllis: a blog series of frequently asked real estate questions. Using the same Realtor for buying and selling Dear Phyllis, I listed my Glendale home with the Realtor who sold it to me twenty years ago. As I plan to move to La C...
National Association of Realtors Commission Lawsuit
You might have heard about the recent National Association of Realtors (NAR) commission lawsuit. It will impact how Realtors are paid and the costs borne by home buyers and sellers. Let me try to explain my understanding of the lawsuit. ...
Escrow Closed for First-Time Home Buyers
Harb and Co. is happy to report that escrow has closed for our first-time home buyers on their charming 2-bedroom townhome with a loft. Our client toured eight townhomes. They submitted an offer for a townhome that the assessor had legal...
