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Playa Vista Market Report for April 2010
Playa Vista Market Report for April, 2010 Although I am very late with this valuable information, as the old saying goes” better late than never” with that here we go. The Active listing inventory has dropped from the previous month by about 7.5%. This is quite strange, since the spring market is in full force and you would think Sellers would want their properties on the Market. This of course has a ripple effect, when there are fewer properties on the market to choose from, and then there will be fewer properties in Escrow. For the period in April there were 15 properties in Escrow this is in direct proportion to the active listings. There was a 7.5% drop in the Pending Properties compared to the month of March as well. Not surprisingly there was an 8.3% drop in the Sold inventory as well. So with that let’s hope that the month of May will bring a large increase to these numbers. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations. ...
read moreSOLD! 4920 Amigo Ave, Tarzana,CA. SOLD!
After many weeks of not being able to get on AR, I am finally back. Three Market Reports are late, and I am many blog posts behind. The good news is I have many closings under my belt as well. One I am particularly proud of…. “The fixer” in Tarzana, CA, Seller and Buyer both happy, the ultimate reward to a Realtor, well at least to this Realtor. To be able to sell the house which needed a lot of work in less than seventy days in this market, shows that if you do everything, Marketing, Making yourself available for showings and do a few open houses, one of them will sell it for you. Pricing it close enough to where people at least come to see the home helps as well. If you are ready to sell your home. Please reach out to me and consider it SOLD! If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue...
read moreDid you know that a reconveyance of a Trust Deed needs to be recorded: is that a surprise?
Did you know that a reconveyance of a Trust Deed needs to be recorded? This should not come as a surprise to anyone. Now that more and more creative sales are taking place, such as seller financing, this is important to let the buyers know, that once they paid off the loan to the seller, they need to have the Trust Deed reconveyed by the seller. The seller has to sign the Reconveyance; they need to notarize it and then take it to the County for Recording. If this is not done, then the buyer s could be in a precarious position, when they try to sell the property. Hopefully the previous party is still somewhere accessible, willing and alive to re-convey the Trust Deed. This is not an everyday issue; nevertheless it can create added challenges to a closing. Listing Agents should check with their Title Representatives when they take a listing to make sure the property does not hold any surprises. Buyer’s agents should check as well to make sure that prior to finishing the negotiations they discover these potential minefields of the Escrow. Do not wait until it becomes a Surprise. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read moreThe Ultimate lifestyle in Beverly Hills Just Sold! The Montage Hotel just received a new Owner for one of their Units.
Beverly Hills has sold the most Expensive Condominium year to date. Can you guess where it is? Can you guess how much it sold for? To keep you from racking your brains out, let me share with you. The address is 225 n Canon Dr. Unit #8D. The Ultimate lifestyle is located on the 8th floor of the Spanish Colonial Revival-style Montage Hotel in Beverly Hills. The unit is Walking distance from my office at 166 N Canon Dr. The Montage was built in 2008 and this unit sold for $10,650,000.00. The closing date was April 09, 2010. What do you get for it? The living square feet is approximately 5000 sq ft, consisting of four bedrooms and four and a half baths. The home owner dues are a monthly $6,064.00 there are still 19 units in various price ranges available. Should you be interested in viewing and ultimately purchasing one of them, feel free to contact me. I would look forward in representing you in purchasing the Ultimate Life Style in Beverly Hill. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue...
read moreNBA Playoffs have started: This made me reflect what is more important Character or Reputation in our Profession
As the NBA Playoffs have started, I was lucky to get home and be able to watch the last half of the Boston Celtics Miami Heat game.WOW what a game, coming from behind and winning. Now that is what the salesman in me loved. The Boston Celtics players have brought with them all their skills to the game, giving their all and ultimately beating the Miami Heat. This made me reflect. That is exactly what a Realtor does; the Skills are brought to the table when representing buyers or sellers. For buyers the Realtor is negotiating the best deal in their purchase. For the sellers the Realtor is Marketing the property and then negotiating the sale to the best the Market Conditions allow. The best and most respected basketball coach John Wooden in his book “Wooden- a lifetime of observations and reflections on and off the court” said Character is the most important ingredient. He states clearly one should be more concerned with your Character than with your Reputation. I found this fascinating being in a business where we are always focused on Reputation. Wooden states Reputation is often based on Character—but not always. Wooden states that a person of character is Trustworthy and honest…..the other kind of person looks for the easy way out….. I have never found the easy way, so I had to work harder and longer and I developed Character. If you agree with this way of doing business, then you are subscribing to John Wooden’ Fundamental Goal. The goal in life is the same as in basketball: make the effort to do the best you are capable of doing. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations. ...
read moreSpeechless Sunday April 11,2010
Speechless Sunday, April 11, 2010 Douggy & Jack are watching El Nino Rain. I know you guys always here me say it is 70 Degrees and Sunshine. Not tonight it is pouring down. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue...
read moreEarthquake Tips Post #3 , Southern California living in Earthquake Country
Earthquake Tips Post #3 As you know, previously I have written a couple of post about’ earthquake myths’. We just had one in the not too distant past, a week ago to be exact, a 7.2 Earthquake. This one was larger than the Northridge quake of 1994. It went relatively unnoticed in the major media outlets for a number of reasons. One as you know the Media likes sensationalism, l for one am grateful that there was less than five people who died, hence it was not newsworthy. Diane (my other half) was on the East Coast and she told me, it did not even make it in the news, only as a one liner. As you know Southern California is big on earthquake readiness and response services. Our teams have helped all over the world, Haiti being to most recent one. There is no substitute for keeping your family prepared. The purpose of this post is for you to create a checklist for what to do, before, during and after an earthquake. The Haitian and Chilean earthquakes should be a wakeup call to all Californians; the “big one” is just a matter of “when”. So the best solution is to use the Boy scouts Motto “always be prepared”. •· Develop a Family Plan •· Set aside supplies •· Check the supplies periodically •· Have important numbers & addresses available •· Let relatives know where you can be found •· Have an evacuation plan for pets & family •· Keep batteries and replace them regularly •· Keep a supply on non-perishable food on had •· Have water in containers ready to go •· Have clothing and change of clothing packed In conclusion, I suggest make believe you will be asked to go camping with no notice for five days. If you have everything for that ready, then you are ready for the “big one” This is not meant to scare anyone, rather it is meant to educate non native, i.e.: Southern California Transplants from other parts of the world, country who are not familiar with the earthquakes that occur here. This is for all who relocated to the Greater Los Angeles area. As an east coast transplant, I had to learn the hard way. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue...
read moreCentury City Condominium Market Report for March 2010
Century City Condominium Market Report for March 2010.This has been an amazing month for Century City, the inventory has increased so buyers have more choices. The most interesting statistic is the Pending properties on the market; there has been a phenomenal increase over last month. There are 31 Condominiums that have not removed their contingencies and sellers are accepting Back up Offers, more telling is that there are 47 properties in Escrow just waiting to Close. This is sending a strong message that the spring home-buying season is very robust. These statistics are more interesting nowadays then the Sold statistics. Previously we used to focus on Sold Properties. Nowadays because Mortgage Originators are taking a longer time to close, this is skewing the numbers, hence it makes more sense to look at the Pending Statistics, and how the Real Estate Market is actually performing. The sold numbers are very impressive as well. There were 24 Sold transactions reported for the month of March, 2010. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue...
read morePlaya Vista Condominium Market Report for March 2010
The Playa Vista Condominium Market Report for March 2010 looks quite different from the February report. The Active Inventory had a slight uptick, currently there are 33 active listings on the market. There was a greater increase in the properties that went into Escrow this month vs. last month. There are 11 Condominiums which are Accepting Backup Offers and 20 are pending. This I attribute to the new California Tax Incentive for buyers. As the Federal Incentive is fading into the sunset here comes California with a Tax Incentive. The sold properties are slightly less than February’s, nevertheless there were 6 sold properties. In today’s Banking Environment we need to be cautious when we look at the sold numbers. It can send a deceptive message month to month as well as year over year, because loans are taking longer to get approved. Partially this is due to delays in Appraisals as well as due to closer scrutinizing of the potential buyers financial well being. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue...
read moreMarina Del Rey,CA Condominium Market Report for March,2010
Marina Del Rey,CA Condominium Market Report for March,2010. Well the Spring Home buying season is upon us. Major League Baseball had its open games already. So with that let us see how the Marina Del Rey home buyers decided as well as the sellers. The inventory appears to be comparable. For the month of March there were 141 active listings. There were only one more than the previous month. Now properties in Escrow had a dramatic down turn for the month of March, from 79 properties there was an unbelievable drop to 20 properties in Escrow. Of the 20 Condominiums in Escrow 6 are still accepting back- up- offers, and 14 have removed all their investigation contingencies. What is even more interesting that only 10 properties closed this month? For having 53 Pending in the previous month, it is a strong indication that Loans are taking a long time to close. Way to long for my taste. This delay throws of the normal statistics, hence when the media compares year over year, month over month they get the wrong impression, hence their analysis is off. If you would like to have current, accurate analysis, feel free to get in touch with me directly. If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue...
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