Do you believe the housing market will finally recover this year?
I have always believed in the housing market — whether it is up or down, owning a piece of California real estate cannot be wrong. The housing market will always recover. We were fortunate to have interest rates as low as they were for so many years, allowing people to refinance and have more reasonable payments. But, as you know, the real estate market is cyclical and we just need to be patient.
What should people expect if they are looking to buy or sell a home this summer or fall?
Spring and summer are always a positive real estate market. People are more apt to move because they may be making job changes or because children are out of school. Buyers should expect that it will be a competitive market the remainder of the year. That being said, I also believe that sellers need to be reasonable with their asking price; otherwise, they will miss an opportunity to sell.
Navigating today’s real estate market can be intimidating, especially for first-time homebuyers. What do you do to put first-time buyers at ease, and how do you guide them through the process?
When working with first-time home buyers, I ease their nerves by meeting with them first. I explain to them the current pulse of the market and advise them what to expect and the process of buying a home or investment property. When we find something that they would like to pursue, they already have an idea of what to expect.
What is your biggest recent real estate achievement?
My most proud real estate achievement is the fact that my long-term career and client relationships have afforded me a constant stream of business throughout the years. Whether the market is up or down, I have had clients to take care of and business. I am grateful to my past clients for always trusting me through their lives, including the multiple generations whom I have been able to assist in achieving the dream of homeownership.
What sales pitch do you give to someone considering making the move to Toluca Lake?
Toluca Lake does not need a sales pitch. When I drive my clients down Riverside Drive, they fall in love with the Village. I share my experiences with the wonderful restaurants and eateries, shops and community. I always enjoy educating my clients about the history of Toluca Lake’s past and what is to come in the future.
Is there anything else we haven’t asked about that you want to tell readers?
Toluca Lake is one of the best communities; it’s small enough for a village surrounded by major studios, businesses and corporations. Even though it is becoming more well known, we are still an exclusive community.
For more information, visit lorikingestates.com or call (818) 402-4175.