Disclosures to Buyers Reduced as Lenders Ask for More and More
It has become the expectation in a residential real estate transaction that the seller of a property in a standard sale should notify buyers of all known material facts about their property. While there is often plausible deniability as to what is “known” and differences in opinion as to what is …
Current State of the Playa Vista Market
It has been a wild 2+ years, but all good things must come to an end sooner or later. Exit the major supply and demand imbalance that has led to 30-40% price increases since the beginning of 2012 and enter market equilibrium. What a crazy thought that is as we …
Phase II Builders Endeavor to Prevent Buyer’s Agent Involvement
It seems so long since there has been any meaningful new construction on the Westside, but in Playa Vista Phase II, which is currently under construction, the homebuilders are again showing that they will do whatever it takes to scrape a profit at the expense of their customers. All of the …
Increasing Inventory Will Test Market Strength
Rapid price increases over the past 9 months in Playa Vista have brought a lot of would-be sellers off the fence in recent weeks. The number of homes for sale in Playa Vista has gone from a low of 9 in February to 22 as of today. Prices rising over …