Real Estate News April 2023


Mortgage rates around 6%

Inventory of homes for sale is low

Qualified buyers are out there

Job market holding up despite tech dip

Stock market improved in March

All together meaning better than expected for sellers!


We recently had a home that was dated, needed cosmetics, repairs and landscaping in Torrance. The seller decided to not prep the home for sale but just to sell it “as is”. We offered it off market to investors and some families willing to fix it up. The seller could not get the price they wanted in the “as is” condition. Then they invested approx. $40,000 using our contactors and recommendations of what to do to maximize the sales price. Preparing a home for sale is not necessarily the same as things you would do for yourself. You need to know the difference and that’s something we provide. The bottom line: they sold for $185,000 higher than they could get “as is” with a $40,000 investment. Would you call that a WIN?

We offer our clients the Compass Concierge Program.

When you are listed with the Millman Team, Compass has a program to provide money for paint, carpet, repairs, landscaping, staging, appliances etc. at NO interest or cost to you. You are able to use the tradespeople we recommend or your own. Simply pay back the money you used when the escrow closes. How sweet is that. Call us for details.

Remember don’t list with Ray and Jon unless you intend to move!