All Forum Posts by: Aaron Xie

I feel that LA is just way too big. Land is not as scarce as I thought it was. If people want larger and newer homes, they can find plenty of them on the east side, such as Rancho Cucamonga, and people are used to travelling for hours to work. Just my two cents, but I might be wrong. Willing to learn more about the LA market.

I agree. But what I find is that  a double size lot won't sell for double price (far less than double) even on the same street in the same community. But a double size house can almost sell for double price. 

In addition, in the past two years, I see few demolishes happening in cities along Highway 210,10 and 60, such as Acadia, Glendora, Covina, Wallnut, Rowland heights, Hacienda heights, Ontario, Chino, Chino hill, Corona. Additions are rare as well. Usually, houses are painted, installed with new floors and new windows and then put on the market. No structure change to the house. 

In other hot markets, houses less than 15 years old are usually teared down and replaced with a much larger one. 

@Manolo D. Yes, just because this is LA, land value should be the most important factor, instead of being the third or the fourth. People should mainly pay for the land instead of the attachment on top it. 

Just to leave my mark on this post :)!

Can anyone recommend a home inspector in Los Angeles County that can give ball park repair/renovation estimation? Thanks.

I found that in the Greater LA Area, in a given neighborhood or community, house price is usually determined by two factors: (1) the square footage of the house and (2) the condition of the house. Lot size has some impact, but not as important as the first two factors. That's opposite to my experience from other markets. Shouldn't land be the most important and most expensive factor? 

Sorry for all the grammar mistakes and typos, I hate typing on my smart phone...

@Roy N. It is in California. I have been looking for SFH for my own stay in the Greater Los Angeles area for about 3 weeks.

The owner just passed away, and the house is in a trust. The house has been rented for two year, and the current tenant looks nice and cooperative (according to my agent and according to my personal experience from meeting the tenant at the house). The current tenant agrees to move out within one month from the day the offer is accepted. And my agent told me that this agreement with the tenant is in paper and can been seen after the offer is submitted.

My question is: is anything I should pay special attention, especially because it is in a trust and the current occupied by a tenant? This is my first time dealing with a trust....