La Jolla Real Estate: La Jolla Luxury Homes

Today, it is not uncommon to see La Jolla Real Estate homeowners turning into landlords. 

La Jolla Home Owners who have moved out of the area or simply want to acquire an increased income might find themselves in need of a renter.

There are plenty of nightmare stories out there about bad tenants, but following a few simple guidelines will help attract the right kind of tenants. 

Click Here: Beautiful La Jolla Luxury Home for Rent!

Location is key to draw the attention of responsible tenants.  Desirable neighborhoods lower the possibility of bad residents.  In addition, your La Jolla Home should be in good condition and appear well maintained and completely redone in both the interior and exterior.

Put "For Rent" signs on your yard. Prospects contacting you from a sign they have seen on your yard should be considered serious since they know the home's exact location and have already taken a look at the home's exterior.  

Be quick to reply and answer questions about your La Jolla Real Estate property, this will make all the difference. 

Most important of all, you must conduct a background check on your prospective tenants.  This will ensure that what the prospective tenant is telling you is true. 

Also you must adhere to a written tenant selection plan that is in compliant with all Federal, State and Local Fair Housing Laws and the Federal Fair Credit Reporting Act. 

For more information on any La Jolla Luxury Homes for Sale, contact:

Maxine & Marti Gellens
1299 Prospect Street,
Suite 303
La Jolla, CA 92037
Tel: 858-551-6630

Now, more than ever is the perfect time for first-time homebuyers to purchase a La Jolla Real Estate Home!

Government incentives like the first-time homebuyers $8,000 tax credit and historically low interest rates are opportunities that should not be passed up!

The president and founder of Weichert, Realtors, one of the nation's largest independently owned real estate companies, encourages first time homebuyers to take advantage of this time. 

He states that both mortgage rates and home prices are favorable and that recent economic news is encouraging, all great reasons to buy La Jolla Real Estate. 

Read Also: La Jolla Home Shopping Tips for 1st time home buyers

Recent signs of a stabilizing market mark another incentive to start looking into the available La Jolla homes for sale.  According to the National Association of Realtors, home sales increased in 39 states in the second quarter of this year.  Furthermore, for the first time in three years there was an increase in the value of homes.

Another noteworthy reason for buying a home in this time is that it can save you money. La Jolla Home Buyers can chose a fixed-rate mortgage, which can be locked in to a lower, less expensive payment that will stay the same.  Rent on the other hand can increase yearly. 

Opportunities like these make the dream of homeownership an attainable reality.

For more information on any La Jolla Luxury Homes for Sale, contact:

Maxine & Marti Gellens
1299 Prospect Street,
Suite 303
La Jolla, CA 92037
Tel: 858-551-6630

You Can Sell Your Oceanfront La Jolla Homes Faster Than You Think!

It's heading towards fall, and your luxury oceanfront La Jolla home still has that "For Sale" sign out in the front yard. Remember, it's not your home anymore, so you may have rearrange a few things in order to make it seem like somebody else's oceanfront La Jolla home. Here are the top five reasons oceanfront La Jolla homes don't sell, and how to go about addressing these particular predicaments.

1. It's a Buyer's Market

The number one problem is sticker shock. A high price can quickly turn off a buyer and prevent them from entering the door. It's the hardest thing you'll have to ever do but don't be afraid to lower the asking price. People need to know they can afford the place first; then they can come on in and admire all your new remodels and updates. But what's pricey? And how low is too low? It all depends on the market. So do some house shopping yourself and check out the local competition. See what similar houses in your neighborhood are going for and then lowball them. Comparatively, your house will immediately look like a bargain. And if you must dip below your comfort level, think about dropping your realtor and sell it yourself so you can recoup all profits.

Read Also:  Renovating Oceanfront Properties: La Jolla Oceanfront homes

2. Adverse Investments

You've spent a lot of time fixing your home, but did the money go to the right places? For example, there's nothing wrong with sprucing up your landscaping, but if you have a backyard full of decks, fountains, and streams, yet your kitchen is dated and falling apart, you may be not be getting the proper mileage out of your remodel. Even an outdoor pool isn't a great bargaining chip since only 20% of buyers (aside from the Southwest) look for this in a house. So if you're struggling to sell and still have equity built up, think about renovating a few key areas. The biggest sellers are kitchens and bathrooms. Other rooms may take a fresh coat, but these two areas are crucial. And don't get crazy with granite counters or hardwood floors (this could actually inflate the price, making it less marketable). Instead, refinish the cabinets. Replace a vanity with a pedestal sink. Get a couple new appliances. These small investments instantly double the appeal of a room.

Read Also:  SOLD In La Jolla!

3. Don't Live in the Dark

You have a great house but can anyone see it? It's amazing how sellers spend time and money on renovations only to not highlight these selling points. What's even more remarkable is what a little light can do to a room. Open up the space by adding natural light or larger windows (even if this means just opening the drapes). Take down the dark, busy wallpaper and wood paneling: not only is this stuff probably outdated, it can make a room feel claustrophobic. Repaint the walls a lighter shade and replace the light fixtures (or add more if needed). Install spotlights in your yard or track lighting under the cabinets to highlight counter space. Buyers want their future house to be open, airy, and inviting, so just a few brightening installations can help a small room become roomier.

4. That Is So You!

Two words you never want to hear at an open house: "That's . . . interesting!" Yes, you've made your house a home. You've made it part of your personality. That's great, but when you're selling it's not about you. Therefore you have to remove your life from the space and allow the buyer to imagine their life moving in. It's hard to cut the apron strings, but keep your as home neutral as possible. This doesn't mean you have to paint every wall white (this sterile remodel can actually decrease its value), but strange never sells. Take down the animal heads from the study. Remove the keg fridge from the kitchen. Most people don't own a ping pong table, so get it out of the living room and into the garage. Get rid of the leopard-print rugs. Take down the "interesting" art pieces. Eliminate anything that appears unusual to the rest of the general population.

Read Also:  How To sell Your Homes: La Jolla

5. You're On Stage

Staging is important to conceal the blemishes and highlight the features. It's not unethical to put your best foot forward. You're just trying to get buyers interested; inspections and negotiations come later. So hide the eyesores: put a slip cover over an old couch, cover the A/C unit with a window treatment, or place a rug over a stain. Then enhance the selling points: clean the windows, cut the grass, set out flowers in the kitchen, and light candles in the bathroom. And if you're already moved out, rent furniture for the open house: a furnished home always looks bigger and better than an empty space.

Read Also:  La Jolla Luxury Oceanfront Home Staging