Dana Graham

Everything I’ve Written Category

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

The Company You Keep

How do you pick a Realtor?  I can tell you one thing that should be pretty far down the list:  the company the agent works for.  I am with Prudential, but I used to be with Coldwell Banker, and Century 21 before that.  While you clearly want an agent active in your area, their company affiliation is nearly irrelevant. The real estate business is unlike most others in that the agents are independent contractors, not employees of the broker.  In the...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

What Your Kids Don’t Know Can Hurt Them

If you've raised your family, the kids have moved away, and you are now just enjoying life in the same house, you might want to make sure the kids know what your wishes are when the time comes.  I know this sounds obvious, but having lived in Palos Verdes since 1947, many of my schoolmates, in addition to dealing with myriad issues at an emotional time,  are faced with selling the family home.  The problem is that, especially if they've moved out of the...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

Show Me Your List(ings)

When you're interviewing agents to sell your house, one the best things you can do is to ask them for a list of homes they've actually sold in your area.  If you're in Palos Verdes, a list of sales in the 90274 and 90275 zip codes would be appropriate.  Any others would be nearly irrelevant.  As explained below, the agent you're interviewing may not really be active in your area and/or may be starting with you.  If the agent isn't active...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

Property Inspections

Obtaining a property inspection is a crucial step in the buying process and a popular subject for TV shows.  As a veteran of those type of shows, I will just tell you that what ends up on the screen often bears little resemblance to what actually went on.  But I'm getting ahead of myself. While you want to have an inspection by a disinterested, but qualified, 3rd party (please be there for it), there are aspects of property inspection that may not...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

September 2013 Newsletter

Dear Neighbor:  In my July newsletter I mentioned that interest rates had just gone up about 2% (which is huge – 4% to 6%) about a week before I wrote it.  They have now settled to just under 5% now (loans over $729,750 are somewhat higher), but the predictable effect has transpired:  whereas in April when the market was absolutely berserk, there were as few as 112 homes for sale on the Hill; there are now 168, give or take.  For...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

Are Realtors Are Overpaid?

I've heard this question before, and I understand where it comes from.  The answer is generally no, however, and here's why: 1)  When you pay your Realtor a commission to sell your house, you are paying for the accumulation of (presumably) many years' experience being brought to bear.  While you are not generally paying your realtor to attract buyers (if you read my stuff you already know this), you are paying him/her for what happens when an offer(s) appears.  I get into...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

New Lease — Valmonte Family Home — Reduced!

Just listed at 112 Via Las Vegas is this lovely about 3000 square foot one-owner family home in the coveted Valmonte neighborhood of Palos Verdes Estates!  4 bedroom 3.5 baths, gleaming re-finished hardwood floors and new wall-to-wall carpet, 2-car garage + tons of off-street parking, huge laundry room and storage space galore.  This house has a living room, family room, rumpus room, storage room, dining area, and is located on 1.5 lots (lots of yard) on a cul de sac --...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

New on Market on El Rodeo

This 2750 square foot 4 bedroom + office 3 bath home has just come on the market. Completely remodeled, it features island kitchen with granite counters, high ceilings, family room off the kitchen, 2 bedrooms on main level, 2 more (including master suite) upstairs. The private rear garden includes a barbeque and lattice patio cover. 6710 El Rodeo in New Los Verdes. $1.2 million and should be a gonner at that. [nggallery id=30]Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

Pocket Listings

Whenever the market gets hot, the subject of pocket listings comes up.  A "pocket listing" is a signed listing with an agent who, for whatever reason, does not put that property on the general market.  The reasons might be that the seller doesn't want hordes of people tromping thru, or that the agent would like to see if his buyer will buy it before exposing it to other agents, thus ensuring the agent of a bigger commission.  While the first...Continue Reading!

All articles I’ve written on real estate for the last 10 or so years. Earlier than that, I’ll have to mail them to you

July, 2013, Newsletter

Dear Neighbor:  As I said in my March newsletter, “it’s just a matter of time (and not much time) before rates rise”.  Well, that time arrived last week as you probably heard on the news.  30-year fixed rates on loans over $730,000 have shot up to nearly 6% from around 4% a month ago.  Though it may look high, 6% is still low by historic standards (my parents loan on Pleasant Hill Drive was 6.25% in 1963), and it’s a pretty...Continue Reading!