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Los Angeles, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Diane and I have been going to the Festival of Books for the past 24+ years. If memory serves me correctly, we only missed the first two... Now with that said this year we did not get a new coffee mug. Usually, we get one every year commemorating our visit to the Festival of Books. This year was a total disappointment.The marketing was too vague and too discouraging. In the old days if you wanted to see an author you did not have to pay to enter. This year the message was mistakenly focused on, that you cannot get to see a panel or an author unless you pay for a ticket. Really??? False messaging. Sadly, many bought into this message including us.I told Diane it was just poor English and not clear messaging... we disagreed... on a side note I was right.So, with that said, let me tell you...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Friday Funday: I thought how about a fun dinner.... I always cruise the Internet, and I saw someone post a recipe for baked cabbage. Loved the idea and it so happened I had cabbage in the fridge as well as I always have olive oil.Now I thought this would go well with bake Argentinian Red Shrimp.Then I figured how about some great Red Lobster Cheddar Bay Bisquists to accompany the dinner Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
2401 San Marco Dr. Los Angeles CA 90068: Accepting Backup Offers...Directions : Head East on Franklin Ave to Cahuenga BLVD (N) first right (E)on to Dix St and first left (n) on Holly Dr. to the end turn (L) to San Marco, land is just past 2407 San Marco Dr.Remarks: Best priced vacant land in the Beach Wood Canyon area. Truly a fantastic opportunity to build your dream home in the highly desirable Hollywood Dell section of the Hollywood Hills East. This lot is equally desirable for a developer to build for spec. The house next to this lot on a more difficult upslope with smaller frontage was built recently. This up sloped lot has about 58 ft of frontage with panoramic canyon views. Just imagine being surrounded by nature and multimillion dollar homes and still be minutes from the city an...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
As most of you who read my posts, we have been supporting the Los Angeles Festival of Books for the past 24 plus years. We missed the first two and then we became loyal supporters year after year. Yesterday we went and you can read my post of what I thought. Now with that said we did not go this year the second day, like we always did two days in a row. Ironically, I had an easy day with real estate today.Well, not to dwell on it here are a few Fotos that I did not post yesterday.No matter what I wish you a wonderful week ahead and if you have time enjoy reading books. Please buy and read books. Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you ach...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Market Observations -Week of June 28, 2010 I have noticed that the Mortgage rates have dropped probably to the lowest level in decades last week and the affordability of homes is now very favorable for buyers. The cause of this drop in the Mortgage rates is due to the uncertainty of the extent of the global economic growth as well as the continued low inflation levels. The Financial Reform Bill was passed last week by Congress. The affect on the mortgage lending and the home buying process is yet to be seen. The impact will be mostly noticed how the regulatory discretion will be handled over time. Consumer Confidence rose to the highest level since January of 2008. The biggest economic event for this week will be the Employment report on Friday. This will affect the long term confidence...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The Wilshire at 10580 Wilshire was built in 1991.  Almost all units have been remodeled with floor to ceiling windows and private elevators to each unit. This is probably the finest condominium building in the city of Los Angeles and has every amenity known to man. 3 units have sold over the past year, with an average price of $1,996,667. Average days on the market for those homes sold was 96. At present there are 3 units available in the building for sale with an average price of $2,296,333. Average days on the market is 147. There are 3 units for lease from $9,750 to $19,500. Search The Wilshire Condos for Sale and Lease
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
This house at 1149 Manzanita St., Echo Park is just waiting for its new owners.  Look at the ambassadors.  
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By Risa Liebster, Toluca Lake Real Estate
(Ramsey-Shilling Associates)
The Price is Right - Savvy Home Sellers Accept the State of the Market   When it comes to selling your home, there are many questions to ask. One of the most important questions has to do with whether or not you can accept the current state of the market and price your home properly. Human nature being what it is, many home sellers make the common mistake of over-valuing their property. Sure, there may have been a lot of living in the home, perhaps hands-on personalization and many wonderful memories, but this does not increase the market value in most buyers' eyes. In the end, a real estate transaction is business; the less emotional one is about the pending sale (while difficult) the more successful one will be. Savvy home sellers are aware of these points. They listen closely to thei...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The Californian at 10800 Wilshire was built in 2005.  With a spectacular 2-story lobby, 24 hour valet and concierge service, heated lap pool with cabanas, temperature controlled wine cellars and much more The Californian is luxury living at its best. 6 units have sold over the past year, with an average price of $2,408,333.  Average days on the market for those homes sold was 287. At present there are 6 units available in the building for sale with an average price of $2,521,667. Average days on the market is 122. There are 3 units for lease from $10,500 to $13,950. Search listings at The Californian
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
10560 Wilshire Blvd. is one of the most prestigious buildings on the Wilshire Corridor, built in 1982,it is a full wervice building with 24 hour valet, concierge, spa, pool, gym and much more. 5 units have sold over the past year, with an average price of $991,000.  Average days on the market for those homes sold was 122. At present there are 2 units available in the building for sale, one at $2,150,000 - 2 bed 2 bath 2,152 sq ft, and one at $845,000 - 2 bed 2.5 bath 1,935 sq. ft.  Average days on the market is 50. There is one 2 bed 2.5 bath 1,935 sq. ft. unit for lease for $4,500. Search condos for saleand lease at 10560 Wilshire
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By Fred Sweezer Sr. CMI, LLC., HUD 203k Consultant
(Hud Certified 203K Consultant)
  FHA Loan Basics       An FHA loan is a federal-assistance mortgage loan offered by qualified lenders and backed by the Federal Housing Administration.     During the Great Depression of the 1930s, soaring foreclosure and default rates led lenders to tighten their loan requirements to the detriment of the prospective homeowner. The FHA was created during this time to provide lending institutions (such as banks, savings and loan associations, and mortgage companies) with sufficient insurance to allow them to ease up on eligibility requirements for borrowers so that they could be approved for loans that they could not otherwise afford. If a borrower defaults on an FHA loan, the FHA pays off the mortgage from a reservoir of collected fees. The FHA funds this reservoir with fees charged to...
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By Matt Sweeney, Rich Kids Real Estate
(Rich Kids Real Estate: The Brokerage)
OK, summer "fun" might be a bit of a stretch, but since it's a slow week in the world of real estate (not a ton of great inventory yesterday to showcase nor much by way as market news) I thought I would share some things to do and places to grab a bite while you are saving for that 20% deposit to put down on the purchase of your new home. Let's face it, when you are a rich kid on a bud-jay (as in Tar-jay) for whatever the reason (maybe you are saving for your new home, just bought it, or are simply a flat broke rich kid in the making but love reading my blog), summer fun in the City of Angels can seem a little bleak when funds are tight. Don't start selling your clothing to Wasteland just yet in order to afford that 1 drink at Trousdale - there is still hope for a good time! 1. Cheap Ic...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The sales office at The Carlyle Residences at 10776 Wilshire was open today so I took the opportunity to visit this magnificent building. Built in 2008, but opened in August 2009, The Carlyle Residences is almost 20% sold.  The lobby features a magnificent Dale Chihuly chandelier and Fendi Casa furnishings. This is a truly magnficent building worthy of the most discriminating buyer. More details and sample units available at The Carlyle Residences.  
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
  The Carlyle Residences, 10776 Wilshire Blvd. built in 2008, is the ultimate in luxury condo living.  With 78 private residences among the largest on the Wilshire Corridor, the lobby was designed by Fendi Casa and features a beautiful Dale Chihuly chandelier. Among the amenties are 24 hour white glove concierge service, private elevators for each unit, fully-equipped gym designed by Sports Club L.A. Two units sold over the past year, one for $4,700,000 and one for $7,267,500. Average days on the market was 46. At present there are 5 units available in the building ranging from $1,995,000 to $13,795,000. Average days on the market are 71. There are currently no units for lease. Search condos for sale at The Carlyle Residences  
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By Stewart Penn - BRE# 01339266, Stewart Penn - Associate Broker
(Windermere Real Estate - Palm Springs)
Los Angeles Realtor - Stewart Penn - 310.844.6515 (Click on the logo for Testimonials) Search The MLS - Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, Bel Air, Santa Monica, Malibu, Brentwood, Century City, Westwood, Beverly Center, Miracle Mile, West Hollywood, Sunset Strip, Hollywood Hills, Hancock Park, Sherman Oaks, Studio City and throughout the greater Los Angeles area.
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
La Tour, 10380 Wilshire Blvd. an ultra modern building built in 1990, is one of the top ten buildings in Los Angeles. 2 units have sold over the past year, with an average price of $2,925,000.  Average days on the market for those homes sold was 135. At present there are 8 units available in the building for sale ranging from $1,795,000 to $3,100,000.  Average days on the market is 198. There are 3 units for lease at $16,000, $15,000 and $10,000. Seach La Tour Condos for sale Search La Tour Condos for lease  
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By Brian Skaar, Purchase Loan Specialist - VA, FHA, Conventional
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
An overview of the California VA Loan process We would like to give our Veterans an overview of what to expect when it comes to California VA Loans.  The process for purchasing a home with a VA Mortgage is nearly the same as refinancing with a new VA Loan.  Our goal here is to provide a basic understanding of the VA Loan Process for our Veterans and Active Duty Personnel to make the process a bit easier. If you are purchasing a home, the first step is the loan Pre-Approval.  A VA refinance loan doesn't require pre-approval.   Here are the most common tasks for a VA Loan Process: A VA appraisal must be ordered on all Purchase loans and some Refinances. Title insurance is ordered and issued. The Veteran will need to shop for Homeowners Insurance (or Hazard insurance) and the new policy mu...
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By Brian Skaar, Purchase Loan Specialist - VA, FHA, Conventional
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
VanDyk Mortgage offers FHA 203K Rehab Loans and FHA 203K Streamline Rehab Loans. VanDyk Mortgage has been making FHA loans since 1987, and one of the more useful FHA loans is the FHA 203K loan.  It allows you to finance rehab and renovation costs into a one-time close FHA Loan.  We offer the FHA 203K loan products up to your FHA county limits.   Here are some past articles on 203K loans that we have reposted for your reference: Please don't fear Rehab Want to buy a Bank Repo or Bank REO? FHA Streamlines for homebuyers There are many uses for FHA 203K loans.   You can use them to purchase a home that is in immediate need of repairs or work completion.  You can buy a bank owned home that wouldn't otherwise pass basic occupancy readiness requirements and use the loan proceeds to complete t...
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By Brian Skaar, Purchase Loan Specialist - VA, FHA, Conventional
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
California VA Loans and FHA Home Mortgage Loans - VanDyk Mortgage - California VA Lender & FHA Lender. VanDyk Mortgage is your source for VA Loans and FHA Loans in California. We have been making FHA, VA, Conforming, and Jumbo loans since 1987.   VanDyk Mortgage is a Direct Lender. We offer many loan programs for California Homebuyers and California Homeowners to Purchase and refinance homes. FHA & FHA Jumbo (aka High Balance) VA & VA Jumbo (aka High Balance) Conforming & Conforming Jumbo (aka High Balance or Super Conforming) Jumbo Loans to $3m California FHA Loans are available up to $729,750 with just 3.5% down payment in high cost counties. The FHA 2010 Loan Limit for California is up to $729,750.  California FHA Loans that are over $417K up to $729,750 are called FHA Jumbo or FHA H...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
While surfing the interenet  for articles about how big the BP Oil Spill actually is, I found an interesting site that allows you to view the disaster in its true perspective: ifitwasmyhome.com Check out the site and see the true magnitude and extent of this catstrophe. The data used to create the spill image comes from the National Oceanic and Atmospheric Administration. This is really scary and a national tragedy!
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Premier Realty Assoc)
(818)276-6882  Short Sale Agent in San Fernando Valley, Los Angeles, CA including Palmdale, Lancaster (HABLO ESPANOL) Please call Lupe to list or sale your home as Short Sale at NO COST TO YOU. There are 4 things you should know if you want to buy again after a successful short sale - CALL LUPE TODAY for a free consultation.  LLAME A LUPE para una consulta gratis !  (818)276-6882 1.  Forget about lender guidelines to qualify for the next home with FHA or Conventional loans.If your lender won't lend to you, don't worry to much, in the next several years there will be plenty of others out there that will be willing to lend.  In the meantime, enjoy the low payment and freedom of renting.  If that toilet breaks, let the landlord pay for it...2.  Save for a down paymentDon't go spending ever...
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By Monique Carrabba
(The Carrabba Group/Keller Williams)
Many homes on the market right now are short sales. What that means is the seller is likely in default (they are behind on their mortgage payment) and are asking the bank(s) that hold the loans on the property to take less than what the loan balance is. The listing agent typically prices the home for less than what is owned to the bank (this is where the term "short sale" comes from). Many people laugh when I tell them it's a short sale as the process can take many months to close. Once you write an offer on a short sale that is agreed to by the seller, it is submitted to the bank by the listing agent. The seller submits financial information and a hardship letter to the bank with the short sale package. This package goes to the short sale department and someone at the bank reviews the ...
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Located in the Graham neighborhood of Los Angeles, this fully restored, energy efficient 5bd/3ba duplex is ideal for the large, extended family.  This lovely duplex features a 3bd/2ba home with an updated kitchen and bathrooms that have granite counters, new cabinets and new tile flooring.  There is also an additional 1bd/1ba "granny suite" that also has an updated kitchen and bathroom with granite counters, new cabinets and new tile flooring.  Both units also have new energy efficient central air and heating units.  Walking distance from shopping, entertainment and public transit, the best part is that this home is eligible for up to $75,000 in NSP down payment assistance and is only being offered to low-medium income first time buyers - NO ALL CASH INVESTORS.  NSP down payment assista...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Sorry about not posting much lately, We have been working hard on the new 203k software that is being released on July 4th. This programmers have been using a lot of my time but it is looking very good. You are gonna like it. Back in a week or so with some new posts for you... thanks, M
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