Real Estate Know-How

Geroge Chung Realtors Listing
A few issues ago, we spoke about what is happening to the velocity of the real estate market in Mar Vista. In January 2014, real estate home prices increased fast and sold higher than previous quarters. The most important contribution to the increase, we believe, is the Internet. The Internet accelerates a buyer’s home search. Twenty years ago, home shopping ... More
11359 Mc Cune Ave.
Home Evaluation Now, that we have established the importance of the CMA area, I would like to move the home evaluation about the home and its features. Lot Size and Dimensions We start with the lot size and lot dimensions. In the Mar Vista/90066 area, the lot size is of paramount importance, because of the anti-McMansion ordinances that have been ... More
House on charts - Competitive Market Analysis Image
Many of you have asked me what your CMA area is and what does CMA mean. Let me go back to the beginning, CMA is the acronym for Comparable Market Analysis. I have heard some agents use the words Competitive Market Analysis. Another industry term used by REO managers is Broker Price Opinion. So in layman terms, it is an ... More
Video Walkthrough Image
Have you been interested in a home and liked what you saw in the pictures, but when you took the time to see the home in-person, the entire house seemed different? This is very common. We have a solution. On our new website, we are featuring videos that will walk you through the home’s interior, exterior, and key features that ... More
What Happened in 2013 and What to Expect in 2014 2013 was a turbulent year. It started out with a bang with the continuing increase in prices from 2012 surge. By mid year, it appears that the buyers simply were exhausted from the multiple offers and were out bid by all cash buyer (usually rehab/flippers). In addition, the Federal Reserve ... More
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