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ask phyllis a real estate question

Reverse Mortgage Confusion

Ask Phyllis: a blog series of frequently asked real estate questions. Reverse Mortgage Confusion Dear Phyllis, I enjoyed reading your column and have learned a lot about reverse mortgages. I have moved in with my parents, who are in th...

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La Crescenta Real Estate January 2024

La Crescenta Real Estate Market January 2024

Let's dive into the La Crescenta real estate market for January 2024 and compare it to January 2023. Last month, eleven homes sold, down from January last year's fourteen. However, the average sales and median price both decreased this January ...

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ask phyllis a real estate question

What are the responsibilities of a buyer’s agent?

Ask Phyllis: a blog series of frequently asked real estate questions. What are the responsibilities of a buyer’s agent? Dear Phyllis, I am a fan of your column and your blog. My daughter and her husband recently purchased their firs...

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Are Bidding Wars Here to Stay

Are Bidding Wars Here to Stay?

If you've been considering the purchase of a home, you may have hoped that higher interest rates would lead to fewer bidding wars. However, despite rates and the economy pushing some buyers out of the market, bidding wars are here to stay for n...

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What is a buydown

What is a buydown?

  Temporary buydowns can be a strategy for buyers to access lower mortgage payments initially, providing initial payment savings. Sometimes it can be negotiated that the seller funds these temporary buydowns to make the property more at...

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Glendale Fourplex sold

Glendale Fourplex sold

I am so relieved to report this Glendale fourplex sold! Some are much more difficult than others. We listed this property in September of 2023. We understand that endless showings are a disruption. Typically, tenants are unhappy when their "hom...

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ask phyllis a real estate question

Creating a healthy home environment

Ask Phyllis: a blog series of frequently asked real estate questions. Dear Phyllis, I have been a longtime fan of your real estate column. My elderly mother will be moving in with us. She has respiratory problems, and I am curious if you...

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Pasadena Real Estate Market December 2023

Pasadena Real Estate Market December 2023

Let's dive into the Pasadena real estate market for December 2023. The absorption rate was the lowest for the year, which is typical for the end of the year. Most Pasadena homes continue to sell over the asking price. Thirty of the fifty-two ho...

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