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Find useful information about the real estate market in Pacific palisades, Santa Monica, Brentwood and California in general.

101 Reasons to Use a Real Estate Agent

John Portman : March 6, 2014 9:04 pm : Real Estate in California

Why Hiring an agent ?

Typical Pre-Listing Activities

1. Research Current Properties
2. Research Sales Activity from MLS and public records databases
3. Provide Average Days on Market Assessment
4. Review Property Tax Roll
5. Prepare a Comparable Market Analysis (CMA)
6. Verify Ownership and Deed Type
7. Verify County Public Property Records
8. Perform Curb Appeal Assessment
9. Provide Public School Value
10. Provide a Listing Presentation
11. Analyze Current Market Conditions
12. Present Credentials
13. Deliver CMA Results
14. Discuss Planning and Strategy
15. Explain Listing Contract, Disclosures & Addendum
16. Screen Calls from Buyers or Agents
17. Explain Homeowner Warranty

Selling the Property Activities

18. Review Title Details
19. Order Plat Map
20. Create Showing Instructions
21. Obtain Mortgage Loan Information
22. Review Homeowner Association Fees and Bylaws
23. Submit Homeowner Warranty Application
24. Add Homeowner Warranty in MLS
25. Review Electricity Details
26. Arrange Inspections for City Sewer/Septic Tank Systems
27. Collect Natural Gas Information
28. Provide Security System Status
29. Determine Termite Bond Status
30. Analyze Lead-based Paint Status
31. Distribute Disclosure Packages
32. Prepare Property Amenities
33. Detail Inclusions & Conveyances with Sale
34. Compile Repairs Needed List
35. Send Seller Vacancy Checklist
36. Install Lockbox
37. Make Copies of Leases for Rental Units (if applicable)
38. Verify Rents, Utilities, Water, and Deposits for Rentals
39. Inform Tenants of Listing for Rentals
40. Install Yard Sign
41. Perform Interior Assessment
42. Perform Exterior Assessment

Advertising and Marketing a Listing

43. Enter a Profile Sheet into the MLS Listing Database
44. Provide Copies of MLS Agreement
45. Take Additional Photos for MLS and Marketing
46. Create and Advertise Property Listing
47. Coordinate Showing Times
48. Create and Mail Flyers
49. Compare MLS Listings
50. Develop Marketing Brochure
51. Notify the Network Referral Program
52. Create Special Feature Cards
53. Analyze Feedback Emails and Faxes

Handling Offers and Contracts

54. Receive Offer(s) to Purchase
55. Evaluate Net Sheet
56. Counsel and Mediate Offer(s)
57. Deliver Seller’s Disclosure
58. Obtain Pre-qualification Letter
59. Negotiate Offers on the Seller’s Behalf
60. Mediate Counteroffers or Amendments
61. Fax Contract Copies
62. Deliver ‘Offer to Purchase’ Copies
63. Assist with Escrow Account
64. Distribute Under-Contract Showing Restrictions
65. Update MLS to “Sale Pending”
66. Review Credit Report
67. Deliver Unrecorded Property Information
68. Order Well Flow Test Reports (if applicable)
69. Order Termite Inspection (if applicable)
70. Order Mold Inspection (if applicable)
71. Confirm Deposit and Buyer’s Employment
72. Follow Up with Loan Processing
73. Communicate with Lender
74. Confirm Approval of Loan
75. Remove Loan Contingency

Home Inspection and Home Appraisal Activities

76. Coordinate Buyer’s Home Inspection
77. Review Home Inspector’s Report
78. Interpret Loan Limits
79. Verify Home Inspection Clauses
80. Contractor Preparation
81. Confirm Repair Completion
82. Attend Appraiser Appointment
83. Provide Appraiser Information and Remove Contingency

Closing Preparations and Actions

84. Ensure Contract is Sealed
85. Coordinate Closing Process
86. Coordinate Closing Formal Procedure
87. Assist with Title Issues
88. Perform Final Walk-through
89. Verify Tax and Utility Preparations
90. Review and Distribute Final Closing Figures
91. Request Closing Document Copies
92. Confirm Receipt of Title Insurance Commitment
93. Make Homeowners Warranty Available
94. Review Closing Documents
95. Confirm and Assist with Final Deposit
96. Coordinate with Next Purchase
97. Ensure “No Surprises” Closing
98. Final MLS Update
99. Follow Up and Resolve Repairs
100. Documentation Follow Up
101. Hand the keys to the new owners


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Palisades Realty article in

John Portman : October 28, 2013 8:24 pm : Pacific Palisades Real estate, Real Estate in California

Carl Lewis sells Pacific Palisades house

The home features ocean and canyon views and a see-through fireplace that connects the master bedroom and office/den.

Ten-time Olympic medal winner Carl Lewis has sold his Pacific Palisades home for $2.5 million, the Multiple Listing Service shows.

The contemporary Mediterranean, built in 1991, is on nearly a third of an acre with ocean and canyon views, a swimming pool and spa, a fish pond, a gazebo and fruit trees. A see-through fireplace connects the master bedroom with an attached area that can be used as an office or a den. There are four bedrooms, 4 1/2 bathrooms and 5,307 square feet of living space.

Lewis, 49, won nine Olympic gold medals and one silver in track and field in his heydey from the late ’70s to mid-’90s. The sprinter and long jumper had purchased the house in 2002 for $1.75 million. It had been on the market since January.

Edna Gyepes of Coldwell Banker, Pacific Palisades, and Lorene Roberts of Palisades Realty had the listing. Gyepes and Blanca Chavoya, also of Coldwell Banker, Pacific Palisades, represented the buyer.

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5 Reasons you need a Realtor ©

John Portman : October 15, 2013 9:43 pm : Real Estate in California, Uncategorized

Top 5 Reasons :

Why You Need a Realtor ©

5 Reasons you need a realtor


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Million Dollar Listings

John Portman : October 7, 2013 11:16 pm : Real Estate in California

Forget million-dollar listings. The next smash hit real estate TV show could well be “$100 Million Listing.”

Brokers and real estate analysts say there are now more than a dozen homes in the U.S. listed or quietly on the market for $100 million or more.

That’s believed to top the number of $100 million-plus listings during the peak of the housing boom in 2007. more »

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How to set the right price for my home

John Portman : October 7, 2013 8:15 pm : Pacific Palisades Real estate

The best way to find the market value (reasonable selling price) of your home is to look at comparable sales in your neighborhood within the past 6 months or so. These are actual completed sales, not homes that are currently on the market. You can’t judge the value of your house based on what someone is hoping to get for theirs. more »

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