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LA Digs - Northeast LA Real Estate Blog

Welcome to LA Digs, the real estate and Northeast Los Angeles community blog written by Realtors Tracy King and Keely Myres.

Here, we share tips, market updates, and local news bits to keep you informed on what's happening in Northeast Los Angeles and the surrounding neighborhoods. Read on to learn about the latest in your neighborhood!

Introducing Compass Cares

Through this unique philanthropy program, we're giving back to the community, one home at a time. 

Our new hyper-local approach to giving and volunteering, Compass Cares empowers us to support causes that are meaningful to us — and to you! — right where it counts most: at home. 

With every transaction our team closes, we'll make a contribution to help local institutions continue to make our incredible community an even better place for us all to live.

Our team loves our hometown, but it's all of you—our clients—who inspire us to give back. Recently we've been honored to donate to Union Station Homeless Services, Center for the Arts Eagle Rock, and the Northcentral Animal Shelter on behalf of our clients. We look forward to sharing our progress with you as together we work toward an even brighter tomorrow.

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Introducing Compass Coming Soon

Introducing Compass Coming Soon

As your agent, our primary goal is to find new ways to sell your home as fast as possible for the highest price, so we couldn't be more excited to share a new initiative with you today: Compass Coming Soon. A unique pre-marketing opportunity, Coming Soon will allow us to reach potential buyers before officially listing your home. Why is this so important? For a few key reasons:

Greater demand.

From movie trailers to Fashion Week, other industries have mastered the art of pre-marketing. That’s what Compass Coming Soon is all about — building excitement and anticipation for your property.

Increased exposure.

With a Compass Coming Soon listing, you have not one, but two opportunities to launch your property: first on Compass.com, then later on the MLS and aggregator sites.

Invaluable insights.

We’ll gain key feedback regarding the initial pricing, photography, and positioning of your property ahead of listing it, without having to amass any days on market.

More flexibility.

Don’t have professional photos shot or staging completed just yet? No problem! You can get a head start with Coming Soon while you wrap up the details you’ll need to list with the MLS. 

What about buyers?

Coming Soon allows buyers to learn about these properties — as well as potentially view them and submit an offer — well in advance of the competition. In some cases, Compass Coming Soon listings are sold so quickly, they’re never even entered into the MLS! If you’re looking to buy, don’t miss this significant and unique opportunity to be first in line for the home of your dreams. 

Interested in learning more about the benefits of listing or buying with Compass Coming Soon? Call or email us today and let's get the conversation started!

View all Compass Coming Soon listings!

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The Emotions of Selling Your Home

My home of 18 years is sold! 
 
Putting my own theories to the test, I sold my house recently. I believe that Realtors ought to buy or sell property every few years just to stay in touch with how difficult it is. Difficult? Really? Yes—the home selling process is complex, but the really hard part is the emotion involved. Especially if you’ve enjoyed living in your old place. Good memories flood back (and at the most sensitive times, like when the buyers present you with a laundry list of what they want repaired or credited back.) 
 
“Ingrates! They don’t deserve my home, I’ll cancel the sale!” Nice revenge, but you can’t justcancel. You have to follow the rules that the written contract provides. So they can ask for you tofix things within their inspection period, and you can say no, or you can say yes, or go back tothem with a counter proposal. But you can’t just cancel unless you’ve given them a notice to perform and the deadline has passed. That one sentence is the meat of another whole blogpost, folks, so tune in again soon. 
 
You have to follow the contract and so do they, so you’d better be sure you understand what itsays before you sign it. How long are the contingency periods? What and when do you have todisclose? When do you have to have everything out? Did you agree to leave appliances? Howclean do you have to leave the place? 
 
Another emotion that often occurs is what looks like greed to the outside world, but is actuallykind of like comfort food—something hurts or someone feels sad or overwhelmed and moneyhelps to dull the pain. At least if you have to part with your beloved home, you can afford to dosomething fun with the proceeds. Not always, folks. The market might not agree with your “I justwant some fun” price. But, speaking from experience, you can dream, can’t you? Maybe youcan spend a week in Bora Bora with the money you save by being debt free…
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Home Upsizing, Downsizing Or "Rightsizing"? That Is the Question

Home Upsizing, Downsizing Or "Rightsizing"? That Is the Question

When we consider the important elements of our lives - like buying and selling our homes - the words we use and how we think about it matters.

Helping homebuyers and home sellers buy and sell real estate in NELA for as long as I have, I’ve seen it all. Homes for sale in Mt. Washington, for instance, offer large modern homes as well as tiny bungalows. Homes for sale in Pasadena offer ginormous California Craftsman homes as well as very small ones. Many are buying and selling homes to upsize. They need more space. But we also see many trying to downsize. They require less space.

Rather than thinking “upsize” or “downsize”, for many good reasons, we might ought to consider the modern term “rightsizing”.

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NELA Real Estate Market: An Affordable Issue with a Special Twist

NELA Real Estate Market: An Affordable Issue with a Special Twist

What we're seeing in the Eagle Rock, Highland Park and Mt. Washington housing market is happening all  around the state.

Interesting things are afoot in the Northeast LA real estate market. Anyone keeping their eye on prices of homes in Glassell Park and Mt. Washington have noticed that prices up from where they were just a year ago. Those watching homes in Highland Park and Eagle Rock are noticing homes staying on the market longer. What does it all mean?

Good question! Here’s the latest news from the top. Leslie Appleton-Young is California Realtors’ Chief Economist and we are lucky to have her help us make sense of a very big subject: the real estate market.

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