A Los Angeles native, Rohit knows the cities well and understands the subtleties that differentiate the various neighborhoods. After earning his B.A in Economics at the University of California Riverside in 2009, Rohit started working at Rodeo Realty. Rohit believes that giving someone what they want or need is not the same as sales. He provides clients with enough HONEST information with a positive energetic attitude so that clients can be informed in the process. Whether that means making the sale or not, Rohit is always looking out for his client’s best interest.
Rohit’s previous experience in retail sales and marketing provides him with a background that allows him to connect with his diverse clientele on many levels. This helps him determine the best fit for each individual, couple and family. Rohit enjoys creating long lasting relationships with his clients, and finds true satisfaction in the joy they experience when the search is over and he is able to hand them the keys to their new home. Rohit attributes his success to his persistence and constant need to better oneself. He is always coming up with new ways to make a home buyer or sellers life easier. He is fluent in Hindi, Sindhi and English.+ Read More
7 days ago ·
Just Sold! 28596 Herrera St. Valencia. Was asking $448,000 sold for $453,000 in 1 week! Represented the Seller. Thankful for happy clients on both ends. Stay safe, stay HOME :) #therohitmahtani #realtor #rodeorealty #luxurylifestyle #luxuryhomes #justsold #homesinvalencia #valenciahomes ... See MoreSee Less
7 days ago ·
INTEREST RATES & HOUSING UPDATE MARCH 17th 2020
As many of you are aware the Corona Virus crisis has brought down interest rates. Some lenders ran out of funds and staff to process all the loan activity caused by an overflow of refinancing to take advantage of low rates. The lenders also had funds invested in other investments which have dropped with the stock, and other investment markets. Because of that, we had rates rise last week. Fortunately, the Fed has begun purchasing mortgage securities and rates fell again yesterday. THAT IS THE RISKY ONE. Mortgage money could dry up and rates could go up. The virus will eventually be defeated, but buyer’s interest rate will be fixed for 10-30 years depending on the loan they chose. Get your Loans Locked and closed to take advantage of this.
Buyer activity - While it’s still busy that can change quickly. I expect it will. As people remain in their homes sales will probably slow. I’d expect that people still looking are pretty serious.
Prices - The number of homes that are 30-days late or more is near historic lows. We just don’t have many distressed sellers. Because of loan requirements put in place after the financial crisis and rapid appreciation, property owners have good equity positions. I fully expect that this crises will cause a recession, which will increase distressed sales. People with equity sell and take their equity. People don’t let their home go into foreclosure and walk away from their equity. They don’t need to do a short sale. A home is worth what a buyer will pay and what a seller will take. Bank employees and people doing short sales have no motivation to get the highest and best price. That’s what caused prices to drop in the early 90s and from 2007-2010. I don’t see that happening now. I also don’t see interest rates increasing much. They will probably pop back to where they were in January and remain there. I think there will be plenty of demand to absorb any increase in distressed sales. I’d expect this recession will be similar to the recession in the early 2000’s where real estate prices actually rose slightly. I don’t expect prices to keep rising close to year over year double digits as they have in recent months and years.
This is unprecedented. Hopefully it will not last a prolonged period of time. This will all pass, and we will be fine. Let’s stay healthy and safe. Be smart and stay clear of others! And Call me for all your Real Estate Needs! ... See MoreSee Less
2 weeks ago ·
In Escrow! Representing the Buyers! 15424 Camarillo St Sherman Oaks. Was Asking $1,549,000. Two homes on one lot! *Rare* #therohitmahtani #realtor #inescrow #luxurylifestyle #luxuryhomes #luxuryliving #shermanoaks #encino #homesforsaleshermanoaks #homesforsaleencino #rodeorealty ... See MoreSee Less
4 weeks ago ·