Los Angeles Realtor Charged for Price Gouging Victims of Eaton Fire 🦅 🌎 ⚓️

 



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Los Angeles Realtor Charged for Price Gouging Victims of Eaton Fire

Introduction and Initial Reaction

Shame. Shame on you. The Los Angeles real estate agent is being charged for price gouging on victims of the Eaton fire down in LA. Let's take a look real quick.


Details of the Price Gouging Incident

California Attorney General Rob Bonta today announced the filing of charges against a real estate agent, alleging that she attempted to price gouge a family evacuated due to the Los Angeles Eaton fire. This investigation was the result of a review of complaints received by the California Department of Justice.


The investigation revealed After being evacuated from the Eaton fire, the family began searching for rentals through their real estate agent and inquired About renting a Glendale home the defendant another Southern California real estate agent offered the family a new price that exceeded the listing price by more than 50 percent Which is over the 10 percent limit in penal code 396 shame on you.


Moral Reflection on the Incident


I get it. It's human nature, but we should be pulling together as a community, not exploiting those that have been. And we'll see what happens. If she's guilty shame on her. This episode is brought to you by the home inspection checklist.

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Bank Owned Property of the Week

This has been on the market for 152 days, nearly six months. And they've dropped the price 116, 000. I think this is a good buy. I think it's right for the taking it looks like somebody bought this, flipped it, ran out of money, and the bank foreclosed on them.


Their loss is your gain. I would say if you're in the market, this is a great opportunity for you. I wonder why it's still on the market. 

Homes for sale near Apple

Apple House of the Week

Apple house of the week, Katrine Court, not my listing, 2. 6 million dollars, three bedroom, two bath, 1, 500 square feet, built in 1958. And yeah, it's walking distance to the Apple campus, which is why I always do this Apple one.


Guys, this is awesome because it's in a cul de sac. I love cul de sacs. It's great because you don't get a lot of drive-by. You get kids that are hanging out there doing what kids do, I think you look at this house and it was upgraded, but not recently remodeled. I think people lived in it and improved it over time.


Yeah, there's a nice little picture of the Apple campus right there.

If you're interested, let's go take a look. 


Mountain View home of the week

Mountain View Home of the Week

Mountain View Home of the Week, Velarde Street. It's a two bedroom, two bath. Not my listing. 1,400 square feet, built in 1938. It is within walking distance of Castro Street. Let's take a quick look.


Yeah, it's a pretty house. I like it. If I were in the million 3, 000, 000 range market, I would definitely take a look at this one, Guys, if you're thinking about it. When buying a house, this list will help you look at four five, or six houses at a time.


Compare and contrast what, houses have been upgraded, which ones have dual pane windows, et cetera. If you're interested in downloading it, print it out before you go home shopping. It's easy to do. All right. 


Market Report and Final Thoughts

And 40 days on the market report. Nothing really is happening here.


We're just looking at it. Low inventory. People don't want to go out on a cold winter's day, but there are still houses being sold. We had 63 houses sold over the last week, 37 closed. Not at the point where we need to be but I think we're seeing a thawing out of the market We're seeing a little upward trend and that's good We're seeing a little bit more inventory come into Santa Clara County and people are actually pushing things out All of my listings right now are being pushed out a week or two to get on the market Just because the buyers that are out there right now, they're being persnickety and picky.


And I think it's good for you to wait until the market thaws out and then put your house on the market. You'll have more buyers. The rates might come down a little bit, probably not, but We'll see what happens.


That's it for now. Happy Wednesday. I'm Vito with Abitano. Thanks for watching. We'll see you out there.




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Vito Scarnecchia

Real Estate Broker, Veteran, Dad

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