Phase II Housing and What it Means for You

We’ve known for some time that there is more housing coming to Playa Vista, East of the current development.  It’s only recently that it has been announced what some of the new home product will be.   The following (partial) list of properties expected to be built was taken from Playa Vista Today: …

Holidays to Start Early for Potential Playa Vista Sellers, Buyers: “Memo Not Received”

Having recently been through three multiple offer situations for one buyer client and finally securing the third and best property over the weekend, it is clear that this is not a healthy real estate market.  Sellers have not been in a position of power like this in 7 years and …

Supply and Demand Issues and Implications for Playa Vista Buyers and Sellers

The title of this post seems like the title for a dissertation.   There is certainly plenty to write on the subject, however this will be a synopsis of the issues as I realize this blog post is meant to be interesting as well as informative. As you may know, there was a …

Is Docusign Leading the Real Estate Comeback?

For the last two years or so, electronic signatures on real estate forms through platforms such as Docusign have gone from non-existent to fringe to the norm.  These forms are widely accepted for offer purposes and only in certain cases are denied by lenders, in which case, hand signatures must be …

Major Lenders Underwhelm in Customer Service

On two recent listings, I have been dismayed at the customer service of two major lenders that were obtaining financing on behalf of the buyer, the tweedle dumb and tweedle dumber of residential lending, Wells Fargo and Chase. On the Wells Fargo transaction, the buyer requested a 45 day escrow …

Multiple Offers Frequent in Playa Vista and California

If you’re in the market to buy, you’ve probably sensed there is a lot of competition these days for a limited supply of properties.  Well this cool, but marginally relevant, chart shows the percentage of California properties with multiple offers since 2000.  It does not show Playa Vista specifically or anything for 2012, …

Two New 2 Bedroom Listings

With the stronger market, two new homes were listed today as STANDARD sales.  Incidentally, both are unit #103.  A year ago, I believe these may have been listed in the $400’s or not listed at all, but with the new higher prices, we have a little bit of decent inventory: Villa …

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