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

Email


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

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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. 

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

What Buyers, Sellers and Real Estate Agents are saying about Tiffany


 Real Estate Market Watch 2010

The Latest Buzz: The housing market is in an interesting place.  Property values in Los Angeles took their biggest hit between 2007 and 2009 with prices continuing to decline until mid 2009 when sales picked up and the median home price in Los Angeles began to rise.  The rise in home prices is due to a combination of factors including a more normal distribution of home sales including both high and low end properties, increased demand and low supply, and an expiring tax incentive.  This year we expect quite a few foreclosures and short sales to hit the market, pulling prices downwards, while interest rates creep upwards increasing the cost of homeownership despite decreasing prices.  For sellers who need to sell, or who want to move up to a more valuable property, now would be the time to do so, before prices decline.  For buyers, buying a house now locks in low interest rates and takes advantage of the latest home buying credits. Now may not the right time for everyone, 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 to buy or sell.
 
Home Buying Credit Extended Include First Time and Repeat Buyers! President Obama signed the Worker, Homeownership and Business Assistance Act of 2009 on November 6, 2009, extending the home buyer tax credit which was due to expire November 30, 2009. The extended credit applies to both first time home buyers and repeat home buyers who have a purchase of a primary residence under contract by April 30, 2010, and close by June 30, 2010. It gives up to $8,000 to qualifying buyers who have not owned a home in the past 3 years, and up to $6,500 to qualifying buyers who have owned a primary residence for a consecutive five of the past eight years - allowing even those who have already sold their home to qualify!  The new credit increases the maximum salary to $145,000 for single filers, and $245,000 for couples filing jointly, and phases out for single filers making over $125,000 and couples making over $225,000.  You’ll see the credit at tax time, either as a savings on what you owe, or as a refund!
 
Consult your tax advisor for more information and restrictions, and visit http://www.irs.gov/newsroom/article/0,,id=204671,00.html or http://www.federalhousingtaxcredit.com/
 
For military and federal employee benefits, visit http://www.irs.gov/newsroom/article/0,,id=215594,00.html
 
  
 
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.  In a Jan. 12 forecast, the Mortgage Bankers Association projected that rates on 30-year fixed-rate mortgages will rise from an average of 4.9 percent during the final quarter of last year to 6.1 percent in the final quarter of this year, 6.3 percent in the final quarter of 2011, and 6.6 percent during the last three months of 2012. 
 
What does $2,500 buy you? Amortized over 30-years with a fixed-rate mortgage:
  • At 5%, historically low, $2,500 would get you $465,704 in loans.    
  • At 5.5%, the same $2,500 gets you $440,304.
  • At 6%, you lose nearly $50,000 in buying power from the original $465k.  $2,500 gets you only $416,979.
  • At 6.5%, where we were headed just a year ago, it's down to $395,527.
  • At 7%, roughly the historical average, you get $375,769Nearly $90,000 less than the $465,704 we started with at 5%.
To find out what you qualify for, call me at (310) 776-0258 or click here to contact me online.



 
 
For more real estate information or to subscribe to my monthly e-newsletter, click here to sign up online.
 
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 if you plan to buy a different home when you sell, you could benefit by transferring your equity into a new home, by locking in a low price, low interest rates, and low property taxes while you can.  If you need to sell this year, do it quickly before it loses more value, make it as attractive as possible, and price it right to attract more buyers.  Waiting could cost you money.  It's never been more important to properly stage, price and market your home when selling.  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.
 
Buyer's AND Seller's Market?
Prices have come down nearly everywhere in the past year making buying a home very attractive and affordable to buyers and investors.  So much so that inventory is very low and it has become a seller's market for homes priced within conforming loan guidelines.  Homes are selling in just a few days with multiple offers over the asking price.  For those who need to sell their home or have equity and want to upgrade to something bigger or better, locking in low interest rates and low property taxes, it's a great time to sell.  For those who are upsidedown on their mortgage (owing more than the house is worth) and can afford to stay where they are, that may be the better choice.

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 
 

 

F O R   L E A S E:

13700 Marina Pointe Dr #622
Azurra Luxury High Rise
Marina Del Rey
Listed at $2,450/month

S O L D :
3613 Glendon Ave. #204, 90034
Listed at $489,000.
JUST SOLD for $492,000.
Multiple Offers.
Just 10 Days on Market.

Culver City Adjacent Condo,
View Virtual Tour


1818 Kemper, Mt. Washington
3 BD/2.5 BA + Loft & Sky Garden
SOLD:
$846,000
View Virtual Tour 


7276 Woodrow Wilson Dr.
2 Bed / 1 Bath Hollywood Hills
SOLD: $617,000
View Virtual Tour

 
  
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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