Northeast Los Angeles Real Estate: Information Overload!

By: Tracy King Realty   01/18/2016
Keywords: Tracy King , Highland Park real estate , Washington homes , Northeast Los Angeles

We are in the Information Age to end all Information Ages. Not just when it comes to buying and selling real estate but in all matters of “life”. We are bombarded by all kinds of information all the time thanks to the Internet, hundreds of TV channels, and social media. It's a new world, for sure, and it's exciting, fun, and overwhelming.

This applies to the real estate world in a major way. We can look up a Zestimate of what homes in Glassell Park might be worth by just typing in its address on our phone app. We can see the sales history of homes in Hermon, CA from the beginning of its recorded history. We can watch a video of the inside of the sewer line or chimney of a fixer in Highland Park. We can see how designers are remodeling Highland Park houses on blogs, and how homebuyers are finding their homes on television shows.

These are all things that simply were not available to prospective homebuyers 15 years ago. It's really wonderful that we can know so much about what we could only guess at before. But with all the information comes information overload.

Today, many real estate offices are paperless, but there is even more "paperwork" (and information) to understand than ever before. Every year, the number of disclosures and disclaimers grows, the inspections become more detailed, and the number of articles on “what to pay attention to when buying a home” triples.

What is a buyer supposed to conclude from all this information? Many buyers today do what they always have--they ask their friends and family what they should do. Only now, their friends and family may be thousands of Facebook, Pinterest or Instagram buddies.

Caught up in a multiple offer contest, both buyers and sellers feel exuberant. But when the dust settles and escrow is opened with that magic buyer who loves your house more than anyone else, the inspection period begins. And they discover that no house is perfect.

This is the crux of the matter: Buyers today often feel like they are paying so much for a home that it should be perfect--it should be just like what they see on HGTV inside and out. In 2002, people didn't have access to the technology and information available today. And like today, in 2002-2006, there was little inventory and prices were racing up. But there was no Pinterest, no Instagram, no Facebook posts inviting everyone you know to comment. But what does all of this information, advice, and opinion really mean?

Just like diagnosing your aches and pains on WebMD, there comes the time when you need to consult a professional. We need deeper, more personal knowledge than a website can give us. Buyers and sellers today need to work with knowledgeable professionals who can help them make sense of their data as well.

Keywords: Tracy King , Highland Park real estate , Washington homes , Northeast Los Angeles

Contact Tracy King Realty

Email

Print this page

Other news and updates from Tracy King Realty

01/22/2017

Pasadena Real Estate: A Look at the Numbers

Pasadena is considereda powerhouse city located only ten minutes northeast of Los Angeles. The city has earned a reputation as


01/22/2017

Mt. Washington Real Estate: A Look at the Numbers

For many years - decades, in fact - the LA district of Mount Washington was one of the hidden treasures


01/22/2017

Echo Park Real Estate: A Look at the Numbers

From LA’s earliest days, people have wanted to live in the storied neighborhood of Echo Park. It is a densely


12/27/2016

Highland Park, CA Homes and Real Estate - A Look at the Numbers

In Los Angeles real estate circles, everyone is talking about Highland Park. Like other Northeast LA neighborhoods like Silver Lake,


12/21/2016

Glassell Park Real Estate - What the Numbers Tell Us

Real estate in Glassell Park, a hillside neighborhood adjacent to red-hot Mt. Washington and Highland Park - is in high


12/21/2016

Altadena Real Estate - A Look at the Numbers

The real estate market in Altadena, CA is red hot. Homes for sale in Altadena command high prices and never


10/11/2016

Why Buying a Home in Glendale, CA is a Good Idea

Glendale is the third largest city in Los Angeles County. This suburb of the Greater Los Angeles Area is the


10/11/2016

Why Altadena, CA is a Great Place to Buy a Home

Altadena is a charming city located north of Pasadena, CA and south below the hills of the picturesque San Gabriel


09/28/2016

Highland Park: A Look at Real Estate and Architecture

To those monitoring real estate trends in Los Angeles, it’s no surprise at all to know that the NELA district


09/28/2016

Highland Park: The New Echo Park

Echo Park has the reputation of being one of the greatest neighborhoods in LA. It’s more affordable than Silver Lake,


09/28/2016

Glassell Park Real Estate: It's All About Spacious Contemporary Hillside Homes

Glassell Park is a hilly span of land in Northeast Los Angeles and several areas of NELA have been experiencing


07/22/2016

Los Angeles' Mt. Washington: A House Flippers Paradise

The Northeast Los Angeles community of Mt. Washington is one of LA’s hottest real estate markets. Homes for sale in


07/22/2016

Living Life in Historic Highland Park

The Los Angeles community of Highland Park is an in-demand community whose rich history lays the foreground for a unique


06/22/2016

Highland Park: Trendy for Real Estate and Dining

Los Angeles’ most exciting enclave is the chic, trend setting, artistic living Highland Park. And it isn’t just the rising


06/22/2016

Eagle Rock: Trendy for Real Estate and Dining

Eagle Rock is a popular neighborhood based in the hilly region of Northeast Los Angeles. Notarized by a giant rock