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Here's where we will tell you about best buys on real estate.  These best buys on real estate can include homes for sale or homes for rent.  We will tell you about condos and townhouses as well as single family homes and investment properties that are available.  You will be able to fnd links direct to the seller's website or to the realtor's website so you can get more information.  We will be concentrating on real estate for sale or for rent in the Southern California area including homes for sale or rent in Los Angeles, Orange, Ventura, San Bernardino and Riverside counties.

IS THERE REALLY A BELOW MARKET VALUE HOME?

Update February 2, 2016  I have a problem with real estate agents who tell me that a house for sale is selling for "below market value." My problem with that statement is that the actual market value for any home isn't known until the home actually sells and the checks change hands. Any price before that moment is only an estimate. To say that a home is priced at "below market value" is best a guess.

The other day a Realtor friend showed me photos of a house with a master bathroom in need of remodeling and upgrades. He said the house was priced "below market value" because of the need for the remodeling. I said to him it is wrong to say the home was priced at "below market value" becuase that particular home, with that bathroom in need of remodeling, had its own market value and could not be priced the way other houses in the neighborhood could be priced.

Indeed every home is unique and every home has its own market value. Even identical homes on the same block would not necessarily have the same market value if one was painted blue and one was painted green, or if one was in the middle of the block while one was on the corner.

This is why I reject phrases and descriptions that include "below market value." All homes have a unique market value and to say that one is priced lower than others only means that its market value is not the same market value that another home has.

WHAT IS YOUR HOME REALLY WORTH WHEN YOU WANT TO SELL IT?

Update January 18, 2016  A friend of mine pointed out to me that there are some big differences between what several online real estate websites say homes are worth in hisneighborhood. Another friend who was in the discussion said the best way to determine the market value is to ask a real estate professional. I disagreed with the idea of depending on a real estate professional. Unfortunately anyone including a real estate professional can give you a "market value" for your home. But that doesn't mean the real estate professional's estimate is what the property will sell for.

A bitter fact is any real estate professional can tell you that your home is worth a certain price to lure you into giving them the sales listing. The fact is market values are set only when the checks change hands and the deed is delivered. Yesterday's selling price is not tomorrow's selling price.

Unfortunately it's happened too many times: a real estate agent says "your home should sell for XXX dollars..." and three months later the agent is telling you to accept a lower bid because that's all you're going to get.

Yes, you should ask a real estate professional for guidance on pricing and you should check what websites have for prices in the area. But these are estimates at best of what will happen.

WHAT ABOUT FOREIGN CURRENCY TRANSACTIONS?

Update January 2, 2018  If you're living abroad when you sell your home and need to exchange these dollars into foreign currency like Euro, or British Pound, you will be facing the uncertainty of the fluctuations of the currency markets. By the time you actually your home and the papers have been signed and the checks exchanged, currencies can heavily fluctuate and directly affect the bottom line of your sale. This is why you should consider those specialized companies that can help minimize the uncertainty of currency exchange by fixing a future rate today. For more information view World First Currency Transfer, a FinCEN licensed operator.

Here on our new media website "Moneyman" Alan Mendelson who is the original Best Deals TV Show reporter on KCAL9 and consumer advocate, shows you the best deals on TV, and the best buys, bargains and where savvy shoppers go to save, and how to get the most for "your money" with the best of Los Angeles, Orange County, Ventura County, Riverside County and San Bernardino County.  Our Best Buys TV Show has the best TV deals and is the only regularly scheduled weekly best deals TV show in Southern California.  We show you the best buys and best deals on TV and more deals and bargains on www.alanbestbuys.com and www.bestbuystvshow.com and watch for our Las Vegas TV show Vegas Best Buys.  Some of the content can come from paid advertising and from our advertiser paid TV infomercial programs.  The Best Buys TV Show is a paid infomercial program which may also include news and information which is not sponsored or paid for by advertisers.  AlanBestBuys.com has the highest ranking among competitive sites in Southern California according to the independent website ranking companies Alexa.com and Quantcast.com and our Best Buys TV Show is the most watched shopping and consumer information show in Southern California.

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