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NHM Rafic Vartan : le point sur l’économie des USA au 31 août 2019

Le 05/03/2019 | Par | Catégorie: INTERNATIONAL



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le point sur l'économie

des USA

par Rafic Vartan pour NHM

 

Market update for the week ending August 31 2019

 

CRUDE OIL 55.16 GOLD 1.529.20 SILVER 18.48EUR/USD 1.10

 
Stock market –  U.S. stocks climbed higher last week, finishing the volatile month of August on a high note. Behind the rally was optimism that further escalation in the trade spat between the U.S. and China will be avoided based on vague conciliatory comments from both sides. Economic data also helped after showing that consumer spending, which accounts for 70% of economic growth, rose by 4.7% in the second quarter, the strongest gain in four years. The Dow Jones Industrial Average closed the week at 26,403.28, up 3% from 25,628.90 last week. It’s up 13.19% year to date. The S&P 500 closed the week at 2,926.46, up 2.79% from 2,847.11 last week. It is up 16.74% year to date. The NASDAQ closed the week at 7,962.88, up 2.72% from 7,751.77 last week. The NASDAQ is up 20% year to date.
 Treasury bond yields –  The 10 year Treasury bond closed the week yielding 1.50%, down from 1.52% last week. The 30 year Treasury bond yield ended the week at 1.96%, down from 2.02% last week. We watch Treasury bond yields because mortgage rates follow bond yields.
 
Mortgage rates hold steady –  The August 29, 2019 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 3.58%, up from 3.55% last week. The 15 year fixed was 3.06%, up from 3.03% last week. The 5 year adjustable rate mortgage ( ARM) was 3.31%, down from 3.32% last week.
 
8 Real estate documents to keep after buying a home –  Which real estate documents should you keep after buying a home? After all, you don't want to have to file all of it if you don't have to, but you also don't want to chuck something crucial. Your closing company is required by law to keep a record of your closing documents, so that's a good fallback in case you misplace yours. Still, it's smart for you to keep important documents on hand. So, of the hundreds of documents you’ll encounter during the home buying process, here are the ones you should keep and why.

 

  1. Buyer’s agent agreement –  When you choose a real estate agent, you sign a buyer’s agent agreement. A contract between you and the brokerage, stating that the agent represents you in the purchase of your home. This agreement outlines the terms of the relationship with your agent.
  2. Purchase agreement –  Every home sale starts with a real estate purchase agreement. A legally binding contract signed by home buyers and sellers that confirms that they agree upon a certain purchase price, closing date, and other terms.
  3. Addenda, amendments, or riders –  These types of documents alter or amend the terms of your purchase contract. For example, if a survey reveals that there’s an encroaching fence built by a neighbor, and you’d like the fence removed, the sales contract has to be formally amended. Addenda, amendments, and riders are often related to home inspections or appraisals, and because they change the original terms of the signed contract, they’re worth holding onto.
  4. Seller disclosures –  Sellers are required by law to disclose certain problems with the home, both present and past, that they're aware of that could affect its value. These disclosures might include lead-based paint, pest infestations, and renovations done without a permit.
  5. Home inspection report –  After your home inspection, your inspector should produce a report with detailed notes on the condition of the home and any potential problems. This document is an extremely detailed list of everything that the home inspector finds, and it typically includes photos of problem areas. By keeping this report, you’ll have a record of any repairs that you may need to make to the property in the future.
  6. Closing disclosure –  Mortgage lenders must provide borrowers with a closing disclosure ( also called a CD) at least three business days before settlement. This document spells out things such as your loan term ( typically 15 or 30 years), loan type ( a fixed-rate or adjustable-rate mortgage), the interest rate, and closing costs, among other financials. Your CD is an itemized list of all the costs associated with closing and your mortgage, and it’s important to have for future reference. It’s also the document you’ll need when you go to file your taxes, since you can take deductions for things such as mortgage points.
  7. Title insurance policy –  Title insurance offers protection against any competing claims to a home. As part of the process, the insurer will run a title search of public records, seeking loose ends such as liens against the property or fraudulent signatures on ownership documents.
  8. Property deed –  When you take title and become the sole owner of the property, you’ll receive a deed. A legal document that confirms or conveys the ownership rights to the home. It must be a physical document signed by both the buyer and the seller. Presenting a property deed is the only way to show someone you legally own the home you’re residing in. Because the deed is sent to you directly, neither your mortgage lender nor title company is required to keep a copy of it.

 What is an acceleration clause? Find out now before you mess up your mortgage –  What is an acceleration clause? If you have a mortgage, odds are your contract includes an acceleration clause. It basically means that if you break any terms of your loan, your lender can demand "accelerated" payment. In other words, rather than paying that money back over 15 or 30 years as planned, the whole amount is due immediately. Sound stressful? Here's what home buyers and owners should know about a mortgage acceleration clause, including what triggers it and how to keep this scary scenario from happening. 

What is an acceleration clause? –  An acceleration clause is a part of the standard mortgage agreement used by Fannie Mae, a contract used in most of residential mortgages. And even if your mortgage is not backed by Fannie Mae, most lenders have some form of an acceleration clause in place. If you adhere to your mortgage contract by paying your monthly bill on time and otherwise, you will avoid ever triggering this acceleration clause. But if you violate any of your contract's terms, watch out. If any terms of the loan agreement are not met, the mortgage note holder has the right to call the note. 

What can trigger an acceleration clause? –  The most common reason lenders accelerate a mortgage is because a borrower has failed to make monthly mortgage payments. But most mortgages also allow acceleration if another part of the contract is breached. Other common covenants that could trigger acceleration include the following:

  • Not having home insurance or not keeping it current
  • Not paying property taxes, or paying them late
  • Failing to keep the home in livable condition
  • Attempting to transfer the property without approval from the lender

Each mortgage contract is different, so make sure to read yours carefully to know what could trigger your acceleration clause. 

The mortgage acceleration process –  Generally a letter will arrive informing a borrower that the lender has triggered the acceleration clause. The letter will give the amount due, consisting of the balance of the loan, plus interest on any missed payments. This letter will also include the date by which you must pay up. Typically, that will be within 30 days of receiving the letter. If you can't pay, the lender will proceed to the next step, foreclosure, where the lender assumes ownership of your home in an attempt to recoup its costs. A lender doesn't have to accelerate your loan to foreclose on your home, but often it will. It's kind of a formality. It's one last chance to pay before the foreclosure process begins. 

What can you do if your mortgage is accelerated? –  It's important to note that even if your mortgage is accelerated, you can still avoid foreclosure. It doesn't mean that there's no other option left. Usually, you can work with your lender to fix the problem and have your mortgage reinstated. That could mean paying the missed payments ( with interest) or fixing whatever caused the lender to call the loan. Sometimes, your lender will also restructure your loan, called loan modification, making your payments smaller so that you can afford them. Each servicer has their own specific guidelines for modification.  They may extend your loan's terms, reduce your interest rate, or come up with a delayed repayment schedule that works for both parties.

 
 

 

 

 

 

 Quote of the week
 

One's life has value so long as
one attributes value to the life of others
by means of love, friendship, indignation and compassion.

 
Simone de Beauvoir

 

 

Have a wonderful week!
 

Thinking of Selling or Buying?

call me !

3 1 0 . 9 2 0 . 0 7 9 7
contact@vartanandco.com

Let me make this
Sale or Buy
as pleasant and fruitful as possible
For You!

 

Number of HOUSE & CONDO currently for sale in
 
LOS ANGELES  –   999+  &  99+
BEVERLY HILLS  –   448  &  68
WEST HOLLYWOOD  –    325  &  117
BRENTWOOD  –   135  &  30
MANHATTAN BEACH  –   104  &  18
MARINA DEL REY  –   33  &  60
VENICE  –   86  &  11
CULVER CITY  –   33  &  12
SANTA MONICA  –   85  &  98
PACIFIC PALISADES  –   109  &  27
MALIBU  –   205  &  57
CALABASAS  –    103  &  15
ENCINO  –   142  &  39
SHERMAN OAKS  –   169  &  63
STUDIO CITY  –   83  &  30
BURBANK  –   56  &  25
GLENDALE  –   103  &  52
PASADENA  –   207  &  121
 

 

Votre Agent immobilier à Lo s Angeles    .    Pour plus d'information appelez au 310.920.0797

 

 

 

 

 
 
What's my home worth?
 
 
 

 

 

 

t your doors off their hinges –  Remove all your interior doors, besides those that lead to bedrooms, bathrooms, and closets. The farther the eye can see, the better. Not only will your have hinking there’s more depth to your house than there actually is.

 

 

 

 

 

 

Friendship is the shadow of the evening,
which increases with the setting sun of life.

 
Jean de La Fontaine
 

 

Have a wonderful week!
 

Thinking of Selling or Buying?

call me !

3 1 0 . 9 2 0 . 0 7 9 7
contact@vartanandco.com

Let me make this
Sale or Buy
as pleasant and fruitful as possible
For You!

 

Number of HOUSE & CONDO currently for sale in
 
LOS ANGELES  –   999+  &  99+
BEVERLY HILLS  –   448  &  68
WEST HOLLYWOOD  –    325  &  117
BRENTWOOD  –   135  &  30
MANHATTAN BEACH  –   104  &  18
MARINA DEL REY  –   33  &  60
VENICE  –   86  &  11
CULVER CITY  –   33  &  12
SANTA MONICA  –   85  &  98
PACIFIC PALISADES  –   109  &  27
MALIBU  –   205  &  57
CALABASAS  –    103  &  15
ENCINO  –   142  &  39
SHERMAN OAKS  –   169  &  63
STUDIO CITY  –   83  &  30
BURBANK  –   56  &  25
GLENDALE  –   103  &  52
PASADENA  –   207  &  121
 

 

Votre Agent immobilier à Lo s Angeles    .    Pour plus d'information appelez au 310.920.0797

 

 

 

 

 

 

  
 
 
What's my home worth?
 
 
 
 
 
 

 

 

 

 

 

 
 
 

M

 

 

 Quote of the week
 

Death is not the greatest loss in life.
The greatest loss is what dies inside us
while we live.

Norman cousins
 

 

Have a wonderful week!
 

Thinking of Selling or Buying?

call me !

3 1 0 . 9 2 0 . 0 7 9 7
contact@vartanandco.com

Let me make this
Sale or Buy
as pleasant and fruitful as possible
For You!

 

Number of HOUSE & CONDO currently for sale in
 
LOS ANGELES  –   999+  &  99+
BEVERLY HILLS  –   448  &  68
WEST HOLLYWOOD  –    325  &  117
BRENTWOOD  –   135  &  30
MANHATTAN BEACH  –   104  &  18
MARINA DEL REY  –   33  &  60
VENICE  –   86  &  11
CULVER CITY  –   33  &  12
SANTA MONICA  –   85  &  98
PACIFIC PALISADES  –   109  &  27
MALIBU  –   205  &  57
CALABASAS  –    103  &  15
ENCINO  –   142  &  39
SHERMAN OAKS  –   169  &  63
STUDIO CITY  –   83  &  30
BURBANK  –   56  &  25
GLENDALE  –   103  &  52
PASADENA  –   207  &  121
 

 

Votre Agent immobilier à Lo s Angeles    .    Pour plus d'information appelez au 310.920.0797

 

 

 

 

 

 

 

 

 

 

 
 
 

is what someone is willing to pay for a property, often influenced by emotion and how competitive the area is. In a multiple bidding situation, prices are driven up because buyers get emotionally caught up in the bidding process and may pay well over an appraised value. If someone really wants a property, they won't care what the appraised value is, they simply want it no matter what. Meanwhile, the appraisal has more to do with “bones” and any significant historical changes made to the property. While both real estate agents and appraisers use comparable sales ( also called “comps”), and the two values often end up being similar, the market value is the one you should be most concerned with as a seller. Got it? We compare other properties that are close to this property, similar in size, construction, and condition, that have recently sold or are on the market. I always do a walk-through of the property with my sellers and talk with them before arriving at a number they feel comfortable listing at.

 

 

The final word –  Getting an appraisal in advance isn’t just a waste of your time. It’s also expensive. Depending on where you live, appraisals start at $300 to $500, and if you own a lot of land or a very large house, you may end up paying a lot more. An appraisal can cost thousands depending upon how big the home is. Land is also very hard to appraise, so sometimes a land appraisal is higher than homes. Getting an appraisal done ahead of time might even end up losing you money on your home sale. Getting an appraisal before putting your property on the market may actually cause you to get less for your property, as the appraised value could very likely be lower than what you believe is the property's market value. My final word to you, dear seller! Save yourself some time and aggravation. Let the buyer foot the bill on this one!
 

What is escrow? How it keeps home buyers and sellers safe –   What is escrow? In real estate, an escrow account is a secure holding area where important items ( the earnest money and contracts) are kept safe by an escrow company until the deal is closed and the house officially changes hands. Escrow is also a contractual arrangement in which a third party ( usually the escrow officer) maintains money and documents until the deal is done and escrow is closed.

How escrow works –  The escrow agents are a third party. They are there to make sure everything during the transaction proceeds smoothly, including the transfers of money and documents, and to hold assets safely in an escrow account until disbursement. Escrow protects all of the relevant parties in a real estate transaction, including the seller, the home buyer, and the lender, by ensuring that no escrow funds from your lender and other property change hands until all of the conditions in the agreement have been met. Along the way, proper documentation is filed with the escrow agent or the escrow company as each step toward closing is completed. Contingencies that might be part of the process could include home inspection, repairs, mortgage approval, and other tasks that need to be accomplished by the buyer or seller. And every time one of those steps is completed, the buyer or seller signs off with a contingency release form, then the transaction moves to the next step ( and one step closer to closing). Once all conditions are met and the transaction is finalized, the closing costs are paid and the money due to the sellers is disbursed from your lender. Meanwhile an escrow officer clears ( or records) the title, which means the buyer officially owns the home.

How much does escrow cost? –  That varies. As well as whether the buyer or the seller ( or both) pays. With the fee for this real estate service typically totaling about 1% to 3% of the cost of the home.
 
The earnest money deposit –  Earnest money ( also known as an escrow deposit) is a dollar amount buyers put into an escrow account after a seller accepts their offer. The escrow company holds the money in an escrow account for the duration of the transaction. Another way to think of it is as a "good-faith” deposit into an escrow account, which will compensate the seller if the buyer breaches the contract and fails to close.

Can you borrow earnest money from your lender? –  Most home buyers come up with cash for escrow and deposit it into the escrow account from their own funds. The payment amount is small compared with the cost of the home and the loan, and the home buyers may not even have a mortgage lender yet when they make an offer on a home. However, earnest money can be borrowed from your lender, but there are certain rules involved. First time buyers are most likely to need to go to their mortgage lender to make this escrow account deposit. Your lender will ultimately count the deposit toward closing costs and the down payment on the house.

How escrow protects you during the real estate buying process –  Escrow may seem like a pain, but here's how it can work in your favor. Let's say, for example, the buyer had a home inspection contingency and discovered that the roof needed repairs. The seller agrees to fix the roof. However, during the buyer's final walk-through, she finds that the roof hasn’t been repaired as expected. In this case, the seller won’t see a dime of the buyer’s money until the roof is fixed. Talk about a nice safeguard! Sellers benefit from escrow, too. Let's say the buyers get cold feet at the last minute and bail on the transaction. This may be disappointing to the seller, but at the very least, buyers have typically payed a sizable chunk of change for their earnest money deposit. This money, often totaling 1% to 3% of the purchase price of a home, has been held in escrow. When buyers back out with no legitimate reason, they forfeit that money to the seller. A decent consolation for the sale's failure and the expense of making mortgage payments and other expenses while the home was off the market. Escrow, in other words, is the equivalent of bumpers on cars, keeping everyone safe as they move forward in a real estate transaction. Odds are, no one's trying to swindle anyone. But isn't it nice to know that if something does go wrong, escrow is there to for you?

What is an escrow account on a mortgage account? –  When a homeowner makes monthly payments to the mortgage servicer, part of each payment goes toward the mortgage and part of it goes into an escrow account for payment of property taxes and insurance premiums such as homeowners insurance or mortgage insurance. When those bills are due, the escrow service uses the funds in the escrow account to make payment to your insurance company and to the county for property taxes. If more money accumulates in your escrow account from monthly payments than is necessary to pay property taxes and insurance, the mortgage company sends you a refund check, and may lower your monthly mortgage payment. On the other hand, if insurance premiums and property tax expenses go up, your mortgage holder may send you a bill for the difference, or raise your monthly loan payments.

 

 

 

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Quote of the week
 

Love is like an hourglass,
with the heart filling up as the brain empties

Jules Renard
 

 

Have a wonderful week!
 

Thinking of Selling or Buying?

call me !

3 1 0 . 9 2 0 . 0 7 9 7
contact@vartanandco.com

Let me make this
Sale or Buy
as pleasant and fruitful as possible
For You!

 

Number of HOUSE & CONDO currently for sale in
 
LOS ANGELES  –   999+  &  99+
BEVERLY HILLS  –   448  &  68
WEST HOLLYWOOD  –    325  &  117
BRENTWOOD  –   135  &  30
MANHATTAN BEACH  –   104  &  18
MARINA DEL REY  –   33  &  60
VENICE  –   86  &  11
CULVER CITY  –   33  &  12
SANTA MONICA  –   85  &  98
PACIFIC PALISADES  –   109  &  27
MALIBU  –   205  &  57
CALABASAS  –    103  &  15
ENCINO  –   142  &  39
SHERMAN OAKS  –   169  &  63
STUDIO CITY  –   83  &  30
BURBANK  –   56  &  25
GLENDALE  –   103  &  52
PASADENA  –   207  &  121
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CULVER CITY  –   33  &  12
SANTA MONICA  –   85  &  98
PACIFIC PALISADES  –   109  &  27
MALIBU  –   205  &  57
CALABASAS  –    103  &  15
ENCINO  –   142  &  39
SHERMAN OAKS  –   169  &  63
STUDIO CITY  –   83  &  30
BURBANK  –   56  &  25
GLENDALE  –   103  &  52
PASADENA  –   207  &  121
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

Stock market –  U.S. stocks closed at fresh record highs, helped by better than feared corporate earnings results and a stronger than expected second quarter GDP. Even though U.S. economic growth slowed in the second quarter as trade and business investment weighed on growth, consumer spending, the biggest part of the economy, topped estimates, increasing 4.3%. The strong GDP report comes as the Fed is expected to cut rates next week in response to low inflation and risks from slowing global growth. The Dow Jones Industrial Average closed the week at 27,192.45. It’s up 16.5% year to date. The S&P 500 closed the week at 3,025.86. It is up 20.7% year to date. The NASDAQ closed the week at 8,330.21. The NASDAQ is up 25.5% year to date.
 

 

 

 

 

 

 

 

 

 

Treasury Bond Yields –  The 10 year Treasury bond closed the week yielding 2.08%, up from 2.04% last week. The 30 year Treasury bond yield ended the week at 2.6%, up from 2.55% last week. We watch Treasury bond yields because mortgage rates follow bond yields.
 

Mortgage rates –  The July 25, 2019 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 3.75%, unchanged from 3.75% last week. The 15 year fixed was 3.18%, unchanged from 3.18% last week. The 5 year adjustable rate mortgage ( ARM) was 3.47%, unchanged from 3.47% last week.
 

California home sales retreat in June. 2019 housing market outlook revised upward –  After rebounding in May, California home sales fell below the benchmark 400,000 level in June as sales declined from both the previous month and year, the California Association of Realtors ( C.A.R.) reported. Existing, single family home sales totaled 389,690 in June on a seasonally adjusted annualized rate, down 4.2% from May and down 5.1% from June 2018. June’s statewide median home price was $611,420, virtually unchanged from May and up 1.4% from June 2018. C.A.R.’s 2019 California housing market forecast was revised upward to 385,460 single family home sales and a median price of $593,000.
 

Condo vs. House. How to choose the right home for you –  If your new home debate is down to condo vs. house, congratulations are in order. You've cut out co-ops, townhouses and a whole lot more. But you've still got to choose between a condominium and a single family house. How do you make the final choice? Take a look at the differences between these two popular housing options, and the benefits each can provide to you and your family.

Location –  First and foremost, you must decide where you want to live. From there, find out about the condo and single family house options in the area. If you want to be in the heart of the city, condos will be more prevalent. However, for the same price, you could potentially find a single family home just a short commute away.

Privacy –  Think about how much privacy you would like. Having complete privacy is possible in a single family house, while condo living means neighbors will be quite close. Condos may not offer private outdoor space. 

Responsibility –  When it comes to decisions affecting your home, do you feel comfortable involving neighbors? Many condo communities have strict rules about everything from paint choices to the hours when you can take out your trash cans. Singl family home communities tend to be more lenient, unless the community has a home owners' association ( HOA).

Maintenance –  Many condos include maintenance fees that cover landscaping and even exterior maintenance on the unit. With a home, the home owner will have to take care of any maintenance. Many HOA communities do take care of exteriors, but specifics vary from neighborhood to neighborhood.

Budget –  How much do you want to spend on the property? Condos are usually more affordable than a house, even with the housing market in flux. Give this point considerable thought. The last thing you want is to overextend financially
 

Deed vs. Title. What's the difference? Terms home buyers need to know –  Deed vs. title. What's the difference? Most people use the terms interchangeably, but there's a significant difference between the two. A distinction that's important to understand when you're ready to purchase a home. So let's look at what distinguishes deed from title.

The difference between these 2 real estate terms –  A deed is a legal document used to confirm or convey the ownership rights to a property. It must be a physical document signed by both the buyer and the seller. Title, however, is the legal way of saying you have ownership of the property. The title is not a document, but a concept that says you have the rights to use that property. So when you buy a property, you will receive the deed, a document that proves you own it. That deed is an official document that says you have title to the real estate.

How to get the deed and take title of a property –  To get the deed and "take title," or legally own the property, your lender will perform a title search. This ensures that the seller has the legal right to transfer ownership of the property to you, and that there are no liens against it. If everything is clear, then at closing the seller will transfer the title to you, and you become the legal possessor of the property. The escrow company will then ensure the deed is recorded with the county assessor's office. You'll generally get a notification a few weeks after closing that your deed has been recorded. If you don't, check with the professional who did your closing and ensure that the paperwork has been filed. At that point, you have the deed and title to the real estate and the property is all yours.

What is title insurance? –  Even with all of the due diligence a title company does before closing, there are rare instances when title problems can pop up later ( missed liens and other legal issues that can be very costly to resolve). To protect against any financial loss, two types of title insurance exist. Owner's title insurance and lender's title insurance. Unlike other types of insurance that protect the policyholder from events that may happen in the future, an owner’s title policy protects the buyer from events that have happened in the past. That may jeopardize their financial interest, such as title defects from fraud or paperwork errors, unpaid liens against the property, or claims that someone else is the real, legal property owner. On the other hand, when you secure a mortgage, your lender or bank will require that you purchase lender's title insurance to protect the lender's investment in case any title problems arise. Lender's title insurance essentially protects the lender's interest in your property, which is typically until your mortgage is paid off.
 

What are granny pods? A way to keep aging parents close to home –  After children grow up and leave the nest, their parents may enjoy their newfound freedom for a while. But as those parents grow older, they and their adult kids may think about living close together again, but in a way that preserves everyone's independence. And voila! The granny pod. An affordable living solution for retirees wanting to downsize.

What is a granny pod? –  Basically, a granny pod is a small modular home, typically between 300 and 500 square feet, that sits in the backyard of a main house. Think of it as an in-law unit that's designed to be easier to navigate for elderly folks who may have difficulties with mobility or vision. While the tiny space is ideal for one person, couples can certainly live in the space, too. Like a tiny house, each granny pod typically has a bedroom, living room, kitchenette, and bathroom. Also, the unit is mobile, so that if the whole family relocates, Grandma's pod can come, too.

Benefits of a granny pod –  What makes a granny pod particularly suitable for seniors are the universal design features such as wide doorways, to allow wheelchair access, an open floor plan, and a walk-in shower. For those needing more advanced medical care, some granny pods feature a virtual system that can track one’s blood pressure, glucose levels, heart rate, and blood gases, and share that information with the occupant’s family and physician. Some systems are also equipped to verbally remind the occupant to take their medications! Some granny pods are also designed with voice controlled smart home features such as door locks, lighting, heating, and window shades. Others are built with more advanced medical amenities like pressurized ventilation systems to keep outdoor air from leaking inside if the resident has a compromised immune system.

How much does a granny pod cost? –  The price of a granny pod can range from $40,000 to $125,000, depending on the size and the amenities included. And since you can't take out a mortgage for one that will need to be paid upfront. On the other hand, the amount is comparable to a down payment on a regular home. Also, since the pod will share water, sewer, and power with the main house, the property owners will likely see an increase in their utility bills.

Disadvantages of owning a granny pod –  If you are considering a granny pod, it’s important to be aware that your property may not be zoned for the addition of an alternative living unit like a guesthouse or granny pod. Although some communities have zoning laws which are pod friendly, in most cases there are several restrictions to follow. Therefore, be sure to inquire with your city planning office about the process of building on your property and the type of permits you'll need.

Granny pods and multigenerational living –  Over the past several years more and more homeowners have expressed interest in them when looking for a home to buy. I work with more and more buyers who are looking for a multigenerational solution for their families. Granny pods can keep the family together, eliminate high nursing home costs, and allow the elderly to keep their privacy and their dignity.

 

 

 

 

 

 

 

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Quote of the week
 

Do not wait!
The time will never be “Just Right.” Start where you stand,
and work with whatever tools you may have at your command,
and better tools will be found as you go along.

Napoleon Hill
 

 

Have a wonderful week!
 

Thinking of Selling or Buying?

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thinking of Selling or Buying?

call me !

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contact@vartanandco.com

Let me make this
Sale or Buy
as pleasant and fruitful as possible
For You!

 

Number of HOUSE & CONDO currently for sale in
 
LOS ANGELES  –   999+  &  99+
BEVERLY HILLS  –   448  &  68
WEST HOLLYWOOD  –    325  &  117
BRENTWOOD  –   135  &  30
MANHATTAN BEACH  –   104  &  18
MARINA DEL REY  –   33  &  60
VENICE  –   86  &  11
CULVER CITY  –   33  &  12
SANTA MONICA  –   85  &  98
PACIFIC PALISADES  –   109  &  27
MALIBU  –   205  &  57
CALABASAS  –    103  &  15
ENCINO  –   142  &  39
SHERMAN OAKS  –   169  &  63
STUDIO CITY  –   83  &  30
BURBANK  –   56  &  25
GLENDALE  –   103  &  52
PASADENA  –   207  &  121
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
What's my home worth?
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
What's my home worth?
 
 

 

Rodeo Realty
RODEO REALTY 
202 North Canon Drive 
Beverly Hills, CA 90210

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RAFICVARTAN 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REALTOR 

CalBRE Lic. # 01893467

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

310.920.0797

Vartan & Co. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

www.vartanandco.com 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maison à Los Angeles 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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