Tiffany Thompson
Phone:
(310) 776-0258
Fax:
(310) 943-1962

Email




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For all your real estate needs.
Los Angeles · Hollywood Hills · Hollywood · Hancock Park · Hollywood Hills · Beverly Hills · Miracle Mile · Santa Monica · Venice · Culver City · Westwood · Century City · West Los Angeles · Los Feliz

Tiffany Thompson, Los Angeles Real Estate Consultant
 

Tiffany Thompson

· Sales Production Awards 2006, 2007, 2008, 2009

· California Native with 10 Years in Los Angeles

· Background in Technology and Marketing

more...

Thinking of Buying or Selling Your Home in Los Angeles? 

Whether you're just getting started or know exactly what you're looking for, I'm here to help.  As a California native, and L.A. resident for over a decade, I'll help you find the neighborhood and home that best suits your lifestyle and guide you through the buying process for a smooth transaction.  When selling your home, I'll help you stage your home for maximum appeal, to sell it quickly for a great price.   
 
My clients have saved tens of thousands of dollars buying and selling their homes this year.  But don't take my word for it.  As the majority of my business comes from referrals from my clients, past co-workers and friends, customer satisfaction is my first priority.  Read what other Buyers, Sellers and Agents have had to say here: Client Testimonials or check out a few Success Stories.
 
If you're looking for a talented agent with your best interests at heart, give me a call. I'll happily answer your questions and see where we go from there. I look forward to hearing from you.

Best Wishes,
 

Tiffany Thompson 
(310) 776-0258  
tiffany@tiffanyforhomes.com

 

 Real Estate Market Watch 2010

The Latest Buzz:  The first half of 2010 showed significant improvements over the past few years, with sales up and multiple offers common.  The median home price in Los Angeles County in July was up 4.6% over July 2009.  Westside, up 33.5%. San Fernando Valley, up 3.45%.  Overall, prices are still well below the peak in 2006.  The Federal and California home buyer credits ran out in June, presumable causing the 20.6% drop in Southern California home sales from June to July which coincided with a dip in the median home price by 1.7% from June to July.  August numbers are coming soon.

Interest rates have managed to stay in the low 4s, the lowest rates on record since 1970, saving buyers hundreds of dollars per month on mortgage interest, and allowing more buyers to afford the home they want.  For comparison, $400,000 borrowed at 4.5% on a 30-year fixed loan is $2,026.74; whereas at 5.5%, it's $2,271.16.  The result, more homebuyers can afford to own their home.  As of Aug. 19, 2010, the percentage of households in Los Angeles that could afford to buy an entry-level home stood at 56 percent.

Information Sources: DataQuick Information Systems and the California Association of Realtors.
 
If you own your home and want to stay where you are and can afford to hold onto your property until the market heals itself, that may be the right choice.  But, if you plan to buy a different home when you sell, and have equity in your home now, this may actually be the perfect market for you.  You could benefit by transferring your equity into a new home, waiving capital gains taxes, locking in a low price, low interest rates, and low property taxes while you can.  It's never been more important to properly stage, price and market your home when selling.  Overpriced or overcluttered homes sit on the market indefinitely while well-priced homes sell like hotcakes in multiple offers.  If you plan to sell your home this year, make it as attractive as possible and price it right to attract more buyers.  I'll help you identify what small fixes you can make to get the most for your home and help you stage it as well.  Together, we'll get you the best price for today's market.
  
Now may not be the right time for everyone to buy or sell, but it may be right for you. If you're on the fence, let's talk about the pros and cons and see if now's the time for you to buy or sell real estate.  Call me at (310) 776-0258 or click here to contact me online.
 
 
  
   
 
Powered by Mortgage Rates @ MBR
 
The Rise and Fall of Interest Rates:  Over the last few months rates have risen, fallen, and risen again. Rates fluctuate daily, dramatically changing what you can afford.  The government has pumped millions of dollars into purchasing mortgage-backed securities to help keep rates low.  The result: the lowest interest rates in 50 years.  Interest rates in the low 4s are available to qualified buyers.  Just a handful of years ago, the going rate was 6.5%. 
 
For more real estate information or to subscribe to my monthly e-newsletter, click here to sign up online.
 
 
What does $2,500 buy you? The difference between 5% and 6% is actually a difference of 20% in the amount of interest you pay towards your mortgage.  Interest rate increases dramatically effect the amount of home you can afford.  Here are some examples of how interest rates effect your buying power:

Amortized over 30-years with a fixed-rate mortgage with 20% down:
  • At 5%, historically low, $2,500 would get you $465,704 in loans, a $582,130 home.
  • At 5.5%, the same $2,500 gets you $440,304 in loans, a $550,380 home.
  • At 6%, you lose over $60,000 in buying power from the original $582k.  $2,500 gets you only $416,979 in loans. A $521,223 home at 20% down.
  • At 6.5%, where we were headed just a year ago, it's down to $395,527. A $494,408 home.
  • At 7%, roughly the historical average, you get $375,769.  A home price of $469,711.  That's over $110,000 less than what you can afford at an interest rate of 5%.
To find out what you qualify for, call me at (310) 776-0258 or click here to contact me online.


 
 
Real Market Stats:
Take a look at these live charts from Trulia showing the past 12 months' trends in home prices from Westside Los Angeles through the Hollywood Hills and Los Feliz.  
 
Los Angeles Real Estate - Trulia
 
Wondering about your area?  Give me a call and I'll help you sort through the data. 

Tiffany Thompson
(310) 776-0258
tiffany@tiffanyforhomes.com 
 
 

FOR SALE!
22014 De La Osa, Woodland Hills Ca
22014 De La Osa St,
Woodland Hills, CA
2 Bed / 2 Bath, 1330sqft
Price: $479,000

LOOKING FOR BACKUP!
6513 Neddy Ave, West Hills, CA
West Hills, Valley Park Home
6513 Neddy Ave., West Hills, CA
3 Bed / 2 Bath, 1570sqft
Price: $442,000
In Escrow OVER Asking Price. 


NOW AVAILABLE FOR RENT  

13700 Marina Pointe Dr #622
Azurra Luxury High Rise
Marina Del Rey, $2,295/month
 
 
S O L D !
Woodland Hills 4Bd/3Ba $879,000
SOLD FOR FULL PRICE!
$879,000
3824 Saint Johnswood Drive
4 Bed/3Bath w/Pool 
 

Azurra Luxury High Rise
13700 Marina Pointe Dr #622
Marina Del Rey, SOLD $290,000
NOW AVAILABLE FOR RENT $2,400/month



SOLD for $492,000.
Multiple Offers. Over asking.
Just 10 Days on Market.
3613 Glendon Ave. #204, 90034

 


SOLD: $846,000, Multiple Offers
$17,000 Over Asking Price
1818 Kemper, Mt. Washington
3 BD/2.5 BA + Loft & Sky Garden



SOLD in 16 Days: $617,000
Multiple Offers
7276 Woodrow Wilson Dr.
2 Bed / 1 Bath Hollywood Hills 

 
  
I'm always looking for more properties to add to my repertoire.  If you've been thinking of selling your home, but
don't know where to start, give me a call.  I'll walk you through the listing, selling and buying processes and make
sure you have everything you need to make an informed decision.  See the Seller's Resources section for more
information.
 
For more real estate information or to subscribe to my monthly e-newsletter, click here to sign up online. 
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