Hector My Realtor Blog Page

  Featured image credit:  Stan Shebs Living in the entertainment capital of the planet, we have our fair share of mansions in LA. And we mean mansions by  every  definition. Obviously, the word “mansion” more or less means something. But the details change slightly depending on who you ask. So what makes a house a mansion? Here’s the clearest answer possible… Why Agents Don’t Like to Use the “M” Word Photo credit:  G. Edward Johnson If you read through the property descriptions on JohnHart’s listings, you’ll never find the word “mansion.” That’s because real estate professionals try to avoid using the word. Sometimes, it just can’t be avoided.  For example, if the iconic Doheny Mansion were listed, the listing agent would obviously employ the “m” word without a second thought. But, in most cases, listing descriptions skirt the use of the word “mansion” because it sets up expectations that can’t always be met by the loose definition.  So, is it square f...

  If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. His track record of accuracy speaks for itself. But beyond that, he’s also been in this industry through some dizzying highs and nauseating lows.  An Abundance of Equity is Keeping Home Prices High Photo credit:  Envato Depending on your personal situation, you may find it difficult to believe that there is currently an abundance of equity. But in the United States alone, we’re not just looking at billions in equity. We’re looking at  trillions . According to the Federal Reserve,  $27.8 trillion  to be specific. In fact, homeowners have so much equity that banks are beginning to extend equity ...