Real Estate Bulletin: The Ultimate Guide to Buying a Home
Welcome to the real estate newsletter. We have a big one for you this week.
That’s because “The Great SoCal House Hunt,” our comprehensive, step-by-step guide to buying your first home in Southern California, has been released.
Not to brag, but simply, there is no other resource like this for Angelenos. Real estate companies publish home buying guides, but they usually try to sell you something along the way. Other media have guides, but not ones that address the unique and demanding experience of buying a home here in Southern California.
Combining expert interviews, local anecdotes, tools, calculators and more, the guide is essential if you’re planning to buy a home this spring, summer or beyond. We’ve covered it all: how to get a mortgage, how to find an agent, how to master open houses, how to negotiate like a pro, and so much more. Even the illustrations are top notch.
The guide is available to subscribers only, so if you’ve been waiting for a reason to support your local newspaper, this is it. Help us help you.
Let me step down from my rostrum very quickly to tell you about some of the celebrity scoops we found this week. The biggest listing went on sale in Beverly Crest, where pop star Katy Perry is shopping at her Regency-style residence for $19.475 million.
The move comes a few years after Perry and her fiancé, actor Orlando Bloom, moved to a nine-acre estate in much quieter Montecito. Hopefully the sale is a little less dramatic than the time she tried to buy that convent in Los Feliz, which ended in a legal battle that brought down the Roman Catholic Archdiocese of Los Angeles and led to a nun’s death to the court.
On the coast in Carmel-by-the-Sea, the longtime home of the late actress and comedian Betty White has hit the market for $7.95 million. The three-story beach house is worth slightly more now than it was in 1978, when White bought the land for $170,000.
The week also brought good news for renters, as California lawmakers approved an emergency bill to extend the state’s eviction moratorium by three months until June 30. for relief funds due to the pandemic.
On the commercial side, we saw the next skyscraper in Downtown LA overcome a major hurdle in obtaining the approval of the city authorities. Plans for the $1.6 billion hotel-housing-retail complex called Angels Landing call for a 63-story tower that developers hope to complete before the 2028 Olympics.
While keeping up to date with the latest news, visit and like our Facebook page, where you can find real estate stories and updates throughout the week.
The Great SoCal House Hunt
Humiliation. Exhausting. Crushing. These are some of the words Times readers have used to describe their home buying experience. Emotional. Uplifting. Epic – those too. Use this guide to ease the path to your first home in Southern California with step-by-step expert advice, tips from successful homebuyers and more. Let’s start >>
The pop star is looking for a second sale
Katy Perry has already sold the guest house. Now she is selling the main house.
A year after unloading one of her two Beverly Crest properties for $7.5million, the pop star is shopping around the other for $19.475million – slightly more than the $18million she paid in 2017.
The listing comes a few years after Perry and her fiancé, actor Orlando Bloom, moved to the much quieter community of Montecito, where they dropped $14.2 million on a sprawling estate of more than nine acres.
Perry’s abode in Beverly Crest has plenty of space with over an acre. Tucked away behind gates, the Regency-style residence is accessed via a tree-lined driveway that spans a quarter of a mile.
Betty White’s Listings of Beach Houses for Sale
Months after her death, Betty White’s longtime Carmel-by-the-Sea coast home is up for grabs at $7.95 million.
It’s the first time the property has come on the market since White and her husband, game show host Allen Ludden, paid $170,000 for the gross land in 1978. They completed the home three years later. , commanding a three-story retreat with a design palette of wood, stone and glass.
Perched on a cliff above Ribera Beach, the house is nestled into the hillside and barely visible from the street. Inside, vaulted ceilings hang above a stone wall in the Great Room, which overlooks the ocean through walls of windows.
Lawmakers extend rent relief
California lawmakers on Thursday approved an emergency bill to extend the state’s eviction moratorium through June 30, giving government officials another three months to deliver rent relief payments to tenants who have experienced financial hardship due to the COVID-19 pandemic, writes Hannah Wiley.
The extension highlights the bureaucratic challenges that thousands of California tenants and landlords have faced over the past year applying for and obtaining approval for billions of dollars in emergency rent relief. It also puts pressure on state and local jurisdictions responsible for administering the funds to quickly deliver aid before July 1.
Assemblyman Tim Grayson, Democrat of Concord and one of the authors of Assembly Bill 2179, said Californians eligible for aid should not face deportation while waiting for payments are processed through a system criticized by Republicans and Democrats.
Downtown Skyscraper Clears Major Obstacle
Victor MacFarlane and R. Donahue Peebles devoted years to Angels Landing, a $1.6 billion hotel-housing-retail complex that would change the city’s skyline. The tallest tower in the Bunker Hill development at 63 stories would be among the tallest buildings in Los Angeles, writes Roger Vincent.
Developers said Monday that planning officials had approved so-called Angels Landing building rights, a major hurdle the project must clear before the 2028 Olympics are completed.
The developers have obtained environmental permits to build, made affordable housing commitments and reached agreements with union leaders, they said – all key elements needed to continue.
What we read
Gasoline prices are rising, food prices are rising, and the war in Ukraine is also crushing American homebuilders. Developers assumed supply chain shortages would ease early in the year, but the dispute has caused material prices to fluctuate rapidly, which will lead to price hikes and construction delays. CNN has the story.
Basketball and tennis courts are the typical Southern California must-have amenities, but in Arizona, one vendor opted for something suitable for colder temperatures: an ice hockey rink. The house is fairly normal on the main level, but the basement has been converted into a full-size ice rink, reports AZ Central. Electricity bill has to go through the roof.