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...
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 ...
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...
To remain one of La Crescenta's top real estate agents, staying current with the La Crescenta luxury real estate market is crucial. 5234 Briggs Ave La Crescenta was the most expensive La Crescenta home in January. This luxury property was ini...
Ask Phyllis: a blog series of frequently asked real estate questions.
Dear Phyllis,
My son has an accepted offer on a condo. He went to a busy open house; there were other offers, and he felt pressured into making a strong offer. The uni...
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...
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...
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...
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...
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...