Dear Friends,

Exciting new feature to our marketing, a new video of our listing and eventually our site will be video friendly for those who have reading issues…

Hot Property:  
We are rolling out our newest and hottest property to date from DigsLA in the hot Atwater Village, named top 6 emerging neighborhoods in the US by
Details Magazine  http://www.details.com/culture-trends/critical-eye/201202/new-chic-urban-neighborhoods   
I am calling the the Atwater Masterpiece.  It is perfect in every way.
Design and building team, DigsLA rebuilt this home from the bottom up in extremely high quality and style.  This home will still be new 20 years.  To commemorate the vernissage of this new listing, we’ve gone video.  Below, in addition to the online ad, you will find our first video of a listing.  Let us know what you think.
Because the market is extremely hot right now, we will have an
open house Saturday and Sunday this weekend.  The property in Culver City we had sold on the first weekend.  We expect the same with this one.  If you or some one you know is interested in buying let them know about this one immediately.  You can forward this email or hit the Face Book Like button which will share it with your friends.

Market update:
As I have been predicting, the market has surged forward in the past six months.  Please make sure you are aware that our LA market is very different than the rest of the US and must be looked at in that way when reading Market statistics in the news.  There is very little inventory on the market and aggressive buyers who don’t want to miss out on these incredibly low interest rates.  Some are the lowest ever.  I thought, as many did, that we would have a surge from the foreclosed properties that have been threatening to flood the market.  None in sight.
This has become a great time for Real Estate and for loans.  Refinancing is the most active it’s ever been.  Do not wait to find out what you can qualify for, or refinance.  Let me know if you have any questions regarding loans, we have one of the best Loan Departments in Los Angeles, Allstate Bancorp.
Have a great weekend.

Latest Video

What an incredible month it’s been.  Great weather, albeit a bit disconcerting because we are in… winter, great signs in the economy, and an incredibly active Real Estate market.
Normally the Real Estate market slows down over the winter, but it has actually picked up instead.  A great sign indicating we have turned a corner with this very difficult Real Estate market over the past few years.  We should see a stronger market through the rest of the year and gaining momentum.  With interest rates as low as they are, buyers are able to afford more of a home which is helping the market and making it a great time to sell for those seller’s who have been waiting for the right time.

Loans  
Extremely low mortgages have help buoy the market and a lot of homeowners have taken advantage of lowering their monthly payments as well as overall debt by enormous amounts.  If you are wondering if you can refinance, jump on it immediately.  Our sister company, Allstate Bancorp has been able to refinance many people I know who could not otherwise.  On top of it, the banks are covering the closing cost, so it’s virtually a free refinance, to lower your payments.  Incredible.  More information

Investment Properties
In the last News Letter I sent out, I included three incredible investment opportunities and within a week we had four offers on each one of them.  One was a great single family home in Weho, the other a lot in Weho, and the third was an eight unit income property across from the Grove.  That one was a pocket listing I had with an asking price of $1,490,000.  It is in escrow at $1,630,000.  These are clear indications that Real Estate is the place where everyone wants to put their money right now.  It’s not hard to understand why.  Prices are at incredible lows, and interest rates are at historic lows as well.  There is only up from here.

Hot Properties
I am unveiling another hot properties I mentioned in my last News Letter by the Sunset Strip.  This is by far the best deal in the area because it is a “Quick Sale.”  The seller wants to sell quickly which is why the price is so low, at $1,000,000.  I call it New England On The Sunset Strip.  A great property, in one of the best locations in LA.  Extremely versatile: it is a home with a “West Wing” for a great work environment; or it can also work very well as a very cool production space, which it has for Sargent House  a record label that has exploded in the past few years.  I’m having two open houses this weekend Saturday and Sunday, to accommodate the amount of activity I am getting on it.  Come by and say hello.

Hello everyone,
Let me begin by wishing you all a happy and prosperous new year, and what a game yesterday.  Go Giants!
Many have been asking why the delay in the News Letters.  The Holidays of course, but more importantly, it’s been extremely active in what is usually a quieter period which is a great sign of course.  We have also been dedicating this last period to expanding our marketing, which included revamping our website.
If you haven’t heard interest rates have fallen to ridiculous levels which has allowed us to refinanced dozens of clients, even those who thought it impossible or who have refinanced recently.  Our loan department has access to new loan programs for just about anyone, even those who have stated incomes, or who may have little or no equity in their homes.  If you or someone you know has any questions about this, call me as soon as possible: (323)559-9000.
These low rates make it one of the best times in history to buy as well.  For those in the market to buy we have some great properties including a few pocket listings that will be hitting on the market shortly.  Some of these include: West Hollywood near Laurel Canyon, 4 bedroom 3,000sft classic;  The up and coming very hip Atwater Village, completely redesigned and renovated beauty by the well known renovating group: DIGSLA, the last few properties we’ve sold for them have gone well above asking price on the first weekend; and another great property is an extremely high-end renovation in Beachwood Canyon, 4 bedrooms with staggering city views.
As for a great “live in” or investment, below is a unique opportunity near the “Spaulding Square” area of West Hollywood.  A beautiful house with a large lot in the low $600′s.  This is a foreclosure and will go very fast.
If you or some one you know may be interested in any of these properties, let me know as soon as possible.
For those looking to sell, this would be the best time in the year to get going.  If you or someone you know is wondering what direction to go in, I would be happy to outline your options with a detailed analysis of your particular financial and property situation.
As for our marketing update, we have drastically increased out online presence with Zillow, Trulia, Realtor.com, and Yahoo.com.  This allows us to reach literally millions of people when listing properties.  Last year alone well over a million potential buyers viewed our listings which is why we were able to sell our properties quickly, and at the highest price possible.
We’ve also renovated out Website, making it look even better and more user-friendly.  Additionally, we purchased an incredible property search tool, which I have coined:
Magic Map.  This is truly the easiest and most convenient way to search properties, outside of having our team search for you.  If you prefer this search approach, let us know.

Market Update

As for the Real Estate market update:  We’ve seen prices go up and down over the past 12 to 18 months.  Central Los Angeles is a very particular market and will be affected differently than the rest of the country over all.  Even within areas of Los Angeles, we will see different trends.  From Los Feliz to the Hollywood Hills West and Beverly Hills, I feel we will be doing well this year and see stabilization, which we are already feeling from the surge in activity, especially in the $1m to $2m range.  Beverly Hills, for example, has seen the most cash purchases ever in the $3m plus range.  Part of the positive sign in higher end properties is due to the new loan programs in these prices.
There is still a lot of properties in the lower end that are dealing with the foreclosure issues, but that should be offset, if not partially, by buyers eager to take advantage of the low interest rates.  We could still see a small slide in this range.  This shouldn’t prevent buyers from buying because of the benefits of owning still outweigh any slide, especially because of the savings they are receiving from the low interest rates.  Most buyers are planning to keep their home long term which will offset any slide, as well as paying a mortgage that is less than what they would be in rent, and paying down their principle.  It’s the smart move and more and more people are taking advantage of this before the boat sets sail and they miss out again….
Let me know your thoughts on my News Letters, and if you find what you read interesting, let others know.

Cultural Corner

My brother Salvator Xuereb’s hugely successful play “It’s Just Sex…” is coming back by popular demand.  It’s being groomed for a potential New York City Release, and if you haven’t seen it yet, run!  Most who have seen it go at least twice.  It’s that good of a play.  The reviews are unanimously great.  It begins the weekend after Valentine’s for 6 quick weeks.
Tickets:    www.tworoadstheater.com

If you find these News Letters interesting, it would mean a lot to us if you would pass them along to your friends and family. This can easily be done by clicking the forwarding icon at bottom of page and inserting the email addresses, or just by forwarding this email. You can also click the “F,” “T,” and “I” icons to put it on your Facebook, Twitter, and Linked In Pages. Clicking the “F Like” icon also very important. Alternatively, you can opt out if want to discontinue receiving these emails at the bottom of the page.
10% of our proceeds are donated to charity

Hot Properties Around Town:    
Below are Emmanuel’s Favorite Properties of the month and are not necessarily listed with Team X or 360 Realty.

Hollywood Hills, Top of Nichols Canyon $4,990,000

Laurel Canyon 3 bd 12,000 sft lot $1,250,000

For more information on property listings please visit our website http://teamxrealestate.com

You have not heard from me in a little while because we have been working on introducing the most incredible new technology for searching properties, and, just about everything you are looking for.  I am officially naming it, MAGIC MAP.

The most incredible new search map has just been launched and we are the first in Los Angeles to implement it on our site.  We just purchased the licensing and installed it on teamXrealestate.com.  The difference is going from “dial up” to DSL, which is launching our site to the next generation of online search before anyone else is even aware of the technology.
This new technology combines all the great map search on the Web: Zillow, Google, Wikepedia, 411, Government searches, everything you could want into one simple point a click, in what I have coined, the Magic Map.  Just as easily you can save you searches, or save the map you are working with, create others, all with a simple click of a button.  It is literally that easy which is why I am so enthusiastic about it.  This is the same advancement as when Iphone first came out, changing phones forever.
This is what it looks like.  Be the first to to take it for a test run by clicking on it.

Los Feliz Homes For Sale

In these maps you can search very specific areas, streets, Zip codes, even neighborhoods, then scroll or drag the map to your anywhere, zoom in or out, and all your searches pop up immediately.  This map has been designed, and is on our site, for the convenience of searching properties; but, you can add schools, for example, and when the school is selected, public or private, all of the school’s statistics pops up.  The same happens for neighborhoods, Zip codes, cities, etc.  One could include cafés (or just search Starbucks), markets, restaurants, sold properties, golf courses, just about anything your lifestyle is suited to.  This tab is actually called the “Lifestyle” tab on the map.  When searching properties, and the amount of bedrooms is chosen with a simple drag of a knob, for example, all the other properties evaporate just as quickly as the knob is dragged.  The searches are directly fed from the local professional MLS’s.  You will not find a more accurate and extremely convenient and easy search for properties anywhere, except, of course, if you ask me to search for you…  I assure you, there is no more efficient convenient way than if I search for you, internet or no internet…
This map is like playing a game, and addictive.  You will want to save to your favorites, and put it on your desktop.  You’ll want to go back to it to search just about anything you are looking for in LA.  No need to find the different websites for all your searches anymore.  It’s all in one place now.  This is just one more way we strive to make life a bit more luxurious for our clients and the community while keeping you on the cutting edge of technology and, “in the know.”  You’ll want to pass this on to your friends, and I would love to hear your feedback.  You will also notice our newly designed Team X website and property page, with incredible images.  We are still in renovations, and fine tuning proportions, framing, etc, and should be finished in the next few days.  Try it now: MAGIC MAP
If you like this, I ask that you “like” it here on all the social medias, as well as on my site.  I would also ask you to pass this on to your friends and family.  This doesn’t work unless everyone is taking advantage of it.
In our “Hot Properties” we have a great investment property in Lake Balboa for sale at an incredible price: 3br 1,700Sft just listed for $230,000 in great shape.  I have also included a spectacular architectural masterpiece in Venice as well.  Great news, the Tuscan Villa 3.5acr with 360° views has dropped to $759,000 from $850,000.  The sellers want to move to their next great project out of state, immediately.  Take advantage.  This is in Shadow Hills, Sunland, the last area with land in LA.  More and more are discovering it, which makes this area a great investment.  Multimillion dollar homes are being built all around this hilltop, for example.
Please do not hesitate to ask me questions, or for advice and valuations.  We are working with several business managers assessing their clients best position with regards to Real Estate.  This includes refinancing some very difficult loans, even when the business managers believe they are too far underwater, and even for the jumbo loans over $2m and $3m.  We are also advising them on selling, purchasing, and when the time is right to Short Sale.
In the meantime, have a great Thanksgiving, one of my favorite holidays.  Enjoy your family and friends!

Emmanuel Xuereb

http://teamxrealestate.com

Welcome to our new site! Thank you for visiting!