2017 was a strong year for real estate.  We had another year of appreciation with some areas seeing double digit gains from last year.  (January's Newsletter will breakdown the overall increase).  We started to see a slow down towards the end of the year.  It will be interesting to see how the first quarter looks as the dust starts to settle with the new Tax Reform.

Many analysts are forecasting that 2018 will also be a strong year for real estate in Los Angeles.  It’s important to note that the Los Angeles real estate market behaves very differently than other markets in the country.  Everyone wants to live in LA so you know the demand will always be high.  With a lack of supply of homes and a strong demand of able and willing buyers, Los Angeles is in a world of its own in regards to real estate.    

The Key indicators to keep an eye on in 2018 are interest rates, the supply of homes, number of sales and how long properties stay on the market before getting sold.   These metrics will give us insight as to the strength of the market moving forward.  We will keep an eye on these indicators and update you through our monthly newsletters.  

Advice for SELLERS:

Dennis@DennisAdelpour.com - 310.573.8670

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Advice for BUYERS:

I have not said this in a long time, but it’s a great to be a buyer right now.  Interest rates are still very low and historically speaking, this is the time of the year that buyers should expect to get the best deal.  Be aggressive with properties that have been on the market for 60 days or more.  Make an offer that makes sense for you and see if the seller will accept.  You never know.  This is where an experienced negotiator becomes critical.  Don’t low ball and try to meet in the middle.  There is a specific way to negotiate a great deal and writing low ball offers isn’t going to work in this market.  If anything, you may offend the seller which will close off all future negotiations for you.  Make sure you know the comps and make a good argument for your price.   

Your best bet is still off market properties.  There are many sellers out there, even if their properties are not on the market.  We have ways of identifying these off market sellers for our buyers.  I can’t say this enough - LOOK OFF MARKET!  It takes money and hustle from your realtor to find these opportunities, but they are out there.  Send us an email with what you are looking for and there is a good chance we have a few off market opportunities we can show you now!     

Connect with us to help you find off market properties through our proven strategies.   
Dennis@DennisAdelpour.com - 310.573.8670

 Our Team has Access to the Following
OFF MARKET opportunities.

3 in Beverly Hills
2 in Brentwood
2 in Pacific Palisades
1 in Westwood
1 in Hollywood

2 in Sherman Oaks (South of the BLVD)
5 in Tarzana (South of the BLVD)
7 in Encino (South of the BLVD)

If you are looking, please email our team your criteria and we will let you know if your needs fit one of our opportunities. Team@DennisAdelpour.com.