THE BLOG

04
Aug

Buyers Demand

Do you know what happens when buyer demand outpaces the supply of homes for sale? Appreciation! If you’ve been thinking about selling your home, this might be the the right time for you – Let’s talk.
04
Aug

Live Like a Local – Sherman Oaks

What to eat?

On The Thirty- Established in 2013, with a passion for California wine and beer, a commitment to local, organic and fresh fare, and a hip and happening atmosphere this a great spot on Ventura Boulevard to check out. http://www.onthethirty.com/

Augustine Wine Bar- With an amazing rotating wine list and access to rare vintage wines by the glass, this is a perfect place to mingle. With an amazing kitchen led by Chef Simon Tan, dedicated and rich small plates, great for coupling with your favorite glass of wine. http://www.augustinewinebar.com/

Midici- This Neapolitan inspired restaurant offers a true experience. Offering functional art, cultural food, elegant decor and upscale atmosphere. http://www.mymidici.com/

Blue Dog Tavern-Recently voted one of the “Best Sports Bars” in Los Angeles by L.A. Weekly, the tavern has captured the imagination of the greater community in which it thrives. Since 2009, over 500,000 meals have been served to customers who arrive with anticipation and leave with a joyful experience loving the boundless energy and feeling of community the Blue Dog offers. (The burgers are amazing) http://www.bluedogbeertavern.com/

Where to stay?
If your goal is to experience the city like a local I suggest taking advantage of one of the amazing options on Air BnB. Here are some of my favorites listed below.

https://www.airbnb.com/s/sherman-oaks

What to do?

Sherman Oaks Galleria- With a variety of shops and dining options, this open-air mall is a great place to catch up with friends and do some light shopping. In addition, have a nice spa day at Burke Williams or catch a movie and the upscale Arclight Theater. http://www.shermanoaksgalleria.com/

Farmers Market- Whether you are looking for vegetables for your homemade ratatouille or simply love to shop local fare, you have a couple great options in Sherman Oaks. Check out the Farmer’s Market at Westfields on Tuesday from 3-7p or the Studio City Farmer’s Market on Laurel Pl and Redford Ave on Sunday 8a-2p.
http://studiocityfarmersmarket.com/

Castle Park- Sherman Oaks Castle Park is the San Fernando Valley’s premier family entertainment center. Enjoy the finest miniature golf, arcade and batting cages. Great family fun for kids of all ages!
http://www.laparks.org/castlepark

Night Life- Sherman Oaks/ Ventura Blvd offer a wide array of options for a night out. Whether you are looking for a nice glass of wine and relaxed atmosphere or live music and dancing there are many options. Check out this Yelp list with the best nightlife in Sherman Oaks. http://bit.ly/2feTIhj

03
Aug

State of Real Estate Market

How about the state of this real estate market! And how does it impact you, whether you’re a buyer or a seller? Check out this infographic to get a better understanding, then let’s talk so we can discuss values and strategies.
02
Aug

Americans Still Believe Real Estate is Best Long-Term Investment

When Americans were asked what would be the best 10 year investment, can you guess what they said? Check out this article to see the results. Hint…it shouldn’t shock you 🙂
01
Aug

A ‘Buyer’ in Hand is Worth Two in the Bush

In today’s Sellers Market, it’s easy for the Seller to be overconfident and feel that they posses all the power. This is true to an extent, but there are lines Sellers should be aware of and try not to cross. Check out this article to learn more about best practices for Sellers, then let’s talk strategy!
31
Jul

Rising Home Prices Mean Great News for Homeowners

What do current home prices mean for homeowners? (Hint…It’s GOOD NEWS!) Check out this article to see how rising prices and buyer demand are contributing to the equity in your home.
Ready to make your move? Let’s Connect.

 

31
Jul

Travel Tuesday- Paso Robles

Paso Robles is one my favorite places to visit!. There are so many amazing wineries and the views from each one is just breathtaking (yes, I’ve been to nearly every one!). Just a 3-hour ride from Los Angeles, we recommend checking out Hotel Cheval and the 10 attractions below:

  1. Epoch Winery
  2. Hearst Castle
  3. Calcareous Vineyard
  4. Justin Winery
  5. Sculpterra Winery & Sculpture Garden
  6. Jada Vineyards
  7. Estrella Warbird Air Museum
  8. Peachy Canyon Winery
  9. Studios on the Park
  10. Tin City Breweries & Wineries

Don’t forget to share your trip on Instagram and tag @MelissaMenardHomes!

28
Jul

US Housing Inventory

Wow…US Housing Inventory is at an all time low! Most homes that come on the market today are receiving multiple offers, producing higher selling prices. Is NOW the right time for YOU to sell? Find out now…
27
Jul

Ready to Fall in Love?

Single and excited to fall in love? Check out the statistics for the number of singles who are falling in love with (& buying) their first homes.
26
Jul

The Art of… The Off Market Deal

In the Seller’s Market we are currently experiencing, there are a number of ways to sell a property, one of which is referred to as the “off-market” deal

Definition

An off-market deal is a term used to define a property that listed for sale with a broker but not put on the Multiple Listing Service (MLS) or with a sign in the yard. Essentially the home is sold without any public advertising. It is sold through relationships and networking.

Why Sell Off-Market?

Reasons for a homeowner to sell their property off-market are varied and can include the need for a quick sale due to family or financial situations, or even avoiding the hassle of preparing a home for sale. Here in Los Angeles, a common motivation we see for an off-market sale is the desire for privacy due to high profile clients.

The Benefits

So how does the seller benefit from an off-market deal?

Privacy – the general public doesn’t know the property ever changed hands

Buyers may be willing to pay a premium for not having to compete against other buyers for a property.

No hassles – sellers don’t have to worry about having a home constantly clean and “show ready” every day, or vacate their home for a whole day for an open house.

The Pricing Strategy

Are sellers leaving money on the table by selling off-market? The short answer is NO, as long as the seller and the broker have done their homework with respect to pricing the home accordingly. The salient point being that the price for the off-market home is not the same as the price of the home put on the MLS.

For example, a seller and their agent determine that the best price to list their 3-bedroom home in Westwood is $1,349,000. In this market however, it’s possible that demand may drive the price up as high as $1,400,000 with multiple offers. So the off-market price is $1,400,000. The buyer pays a premium to buy the home without the stress of competing with other buyers, at a price it was likely going to hit anyway.

Know the Risks

There’s always risk involved with any strategy, and no matter how much research is done by you and your broker, there is always going to be the risk of having left money on the table. Nobody can predict the ultimate sales price of a property because the determining factors are fluid:

  1. Market Conditions at the time of sale
  2. Inventory levels at the time of sale
  3. Interest Rates at the time of sale
  4. Buyer Pool at the time of sale

Ultimately, it boils down to the motivation of the seller when it comes time to list their property for sale, on – or off– the market.

In the last year I have had the privilege of helping a handful of buyers in off-market deals.  I’d love the opportunity to sit down with you to discuss your goals and options. So let’s talk.