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Bel Air- Holmby Hills, CA the coveted 90077 Zip Code
Bel Air – Holmby Hills, CA the coveted 90077 Zip code Most people consider Bel Air- Holmby Hills as one of the more affluent pocket’s of Los Angeles, CA. Clearly they get the idea with good reason, since Elizabeth Taylor, Ronald Reagan and the Frank Sinatra called Bel Air as their home for most of their lives, it is not a misconception. These are just a few names of the many affluent residents I am name- dropping, because I am trying to keep the rest private. Amazingly enough Bel Air consists of less than seven square miles of Real Estate. Just one of the many interesting facts that most people do not know about Bel Air is, that the average age of Bel Air residents over 50 years of age. This is much higher than any other part of the greater Los Angeles. Clearly there are a disproportionately higher number of older residents in Bel Air and younger residents of Los Angeles do not live in Bel AirJ! There are other benefits of living in Bel Air, such as being in the Warner School System. This just happens to be one of the benefits. Also being to close proximity to the Bel Air Country Club is another benefit. Keep in mind it is by invitation only as well as by residency. On top of that there is a large initiation fee tooJ. Lastly I would like to mention being close to the Bel Air Hotel is nice too. The hotel boasts of some great amenities and their Restaurant is nothing to be ashamed of eitherJ. There have been some high end listings as well as some high end sales in the previous six months; hence I will have to write another post about that soon. Just to tease you one sold not too long ago for over $88million and I have written a blog post about that a while backJ 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 moreWestchester, CA Single Family Residence : Under Contract Statistics…
Westchester, CA Single Family Residencial Real Estate: “Under Contract Statistics” I have found that over time there is always a larger focus on Active listings that are on the market. People focus on the asking price, the number of them on the market. Although they are important numbers they do not tell the real story. Let’s be realistic: Sellers can ask all they want and will find agents that are willing to list it for them. Then of course the other number most people focus on is the Sold Statistics. Clearly valuable information the combination of the two you get a good idea how the market is doing. One of the least analyzed or viewed numbers are the “Under Contract Statistics”. These are the homes that are Pending or Accepting Backup Offers. To me these are the critical numbers that complete the whole picture how a particular market is doing. If you see a lot of properties under contract with fewer active listings and lots of sold listings, that lets you know that it is a fast moving sellers market. Then when you dig deeper you will discover that the “Listings on Market time” is clearly very short. Hence if you are a buyer you can plan and strategize how to proceed with submitting an offer. Anyway you get the idea. Now with that said let us look at the Westchester, CA Single Family Residences Statistics that are “Under Contract”: 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 moreWestchester,CA: A small glimpse into the history and geography…
Westchester, CA: A small glimpse into the history and geography of this community Westchester is the home to LAX, Los Angeles International Airport that is. Since those of you who read my blog posts know that I always enjoy providing and discussing how diverse the greater Los Angeles real estate market is. Too many people have the misconception that Los Angeles is only home to the multimillion dollar mansions and the population consists of only the super rich. If you are unfamiliar with Westchester let me share with you a few interesting facts: 1. Westchester consists of a little less than eleven square miles of real estate. 2. The largest neighbor is Los Angeles International Airport (LAX) and is considered part of Westchester. 3. It is also surrounded by Playa Del Rey, Culver City, El Segundo, Inglewood and Lenox to name a few of its adjacent neighbors. 4. Westchester does not call home to many of the notable members of the entertainment community as their local residents. Never the less there are a few people from the entertainment industry who call Westchester their home. 5. The Average Income is around $106,000-$135,000 per year depending whose figures you are quoting. This is often considered low for the greater Los Angeles area. Clearly a middle class pocket of Los Angeles at the moment. 6. The population is around 40,000 give or take again depending whose figures you go by. It is very conveniently located not only to the Airport but to other areas of Los Angeles. For example Westchester at its furthest point is only about nine miles driving distance to the Ocean and in some points less than one mile from it. Beverly Hills is about six miles in a straight line distance that should tell you something why it is a valuable location from a convenience standpoint. 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 moreSOLD!!! Vacant land on Vera Canyon, Malibu, CA SOLD by Endre Barath!
SOLD!!! Vacant land on Vera Canyon, Malibu, CA SOLD!! by Endre Barath, Jr.! There have been many challenging lots which I managed to sell over the years. This one was clearly on the top of the list. The property has had numerous challenges: It was a hillside land, so the hillside ordinance has jurisdiction over the building process. The builders will need to prepare a Geology & Soils Report. Then there was a stream running across from it. Hence an environmental impact report has to be done to make sure how to protect the stream i.e.: a bridge has to be built. Then on top there were protected vegetation such as Oak Trees on the property so an Arborists report has to be filed and worked out in order to build i.e.: determine which trees can be moved and which ones have to be worked around. Then on top of all that the normal Natural Hazards Report has to be done to find out in which of the natural peril this property is located in and how to work around that. Needless to say I appreciated the buyer and the buyer’s agent working through all these challenges. Then on the last second before it was to record someone put a Judgment on the land so the recording was pulled and the issues had to be cleared up. So a ten day all cash escrow took about 45 plus days to close. Clearly it was amazing what the Title Company & the Escrow Company did. This was truly a joint effort by all parties. Oh and did I mention the Sales Price was $30,000. Often we end up working much harder for the smallest commissions. Never the less many people are of the mistaken idea that we make easy moneyJ 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 moreWord from the 106th Millionaire on Active Rain Endre Barath LA Realtor
Word from the 106th Millionaire on Active Rain: Endre Barath, Jr. Greater Los Angeles Realtor! Hello fellow Active Rain Members: most of you know me I have been around a while… I usually express my opinions openly and clearly within the community. No one can say that they are not sure where I stand on a subject. Quite frankly I have often taken the “less then prudent” or should I say “not the politically correct position”. In spite of my positions, in spite of the glitches over the years by the technology, in spite of the unannounced “improvements”, in spite of taking on the “favorites of the moment on Active Rain” many of who are not here anymore if I might state, somehow I managed to reach the Million Point Mark. I became the 106th millionaire on Active Rain. Quietly not making a big deal I just want you to know I reached it with many obstacles in my personal life, my business life and in spite of the glitches of Active Rain and in spite of all the changes on Active Rain I still reached it. Somehow by the encouragement of the community I got here. Somehow with my razor sharp focus I got here. So now I would like to share with you some important messages that I believe got me here? There were a handful of members on Active Rain, none of them are here anymore who gave me great advice. Their message to me was clear as day, they said to me… I will just repeat it here: 1. Do not get confused about the drama around you. Keep in mind what your real objective is: to generate new business and spread the word about you. 2. Do not get depressed about things you have no control over, such as the changes the bad management decisions: focus on what you want to achieve on this platform 3. IT is not about what other people do, what other people say: it is getting your message out. Now this message I wanted to share and on top of the advice I receive I would like to add my own advice: 4. In addition to getting your message out, focus on building relationships. It is not about the points it is about the connections you make here. I have ex-Active Rain friends on Google, on Face Book and other platforms which I cherish. 5. Do not get confused: it is getting your message out so clients can find you so do not get buried with the day to day politics on the platform or who are the favorites of today’s management. 6. Keep in mind most of them will be gone and directions will change before you reach the millionaire status. 7. It is great to get’ featured’, but do not grouse when you know you wrote a great post and it did not get featured. I can assure you, many of my best posts went under the radar of getting featured and some of my mediocre ones did get featured. In conclusion: I do not like or liked many of the changes on Active Rain, never the less I am grateful that Active Rain allowed me a platform where buyers and sellers could find me from all over...
read moreWordless Wednesdays: How to stay cool in a Hot Beverly Hills RE Market
Wordless Wednesdays: How to stay cool in a hot Beverly Hills Real Estate Market! Shaved Ice ofcourse complements of our Manager and the Home Warrantee Representative of First American! 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 moreThere are three constants in life: Change, Choice and Principles….
“There are three constants in life: Change, Choice and Principles” Steven Covey This is one of my favorite quotes by Steven Covey. Most people knew him of the 7 habits of highly effective people. My favorite book of his was the “Principle Centered Leadership”. If you have not read it, I encourage you to do so. It is a great book for people who have dilemmas such as: How do I balance personal and professional areas of life in the middle of constant crises and pressures? If that does not sound like Real Estate day to day, I am not sure what does. There are many other great ideas that he has in the book. Many people would learn great ideas from him. There are other quotes Steven Covey became famous for, one of them is on the cover of this book see for yourselfJ! 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 moreBusiness Etiquette 101: Pet Peeves of Endre Barath Greater LA Realtor!
Business Etiquette 101: Pet Peeves of Endre Barath, Jr. Greater Los Angeles Realtor! As most of you know I am very accommodating and willing to help out anyone Real Estate related. Needless to say I have a few Pet Peeves that I will never modify: 1. If you call me from a Private Number be prepared to get my Voice Mail. I will be happy to call you back provided you leave your number and repeat it for clarification purposes. 2. If I am in a meeting with a client be prepared to get my Voice Mail. I am not rude and the client has my undivided attention. After all we have not met yet. 3. If you call me from an Unidentified Number be prepared to get my Voice Mail. Same rules as #1 apply. 4. If you put me on speakerphone without asking or making me aware I find that rude. Therefore be prepared that you have just lots me as a trusted advisor or at the minimum did not earn my respect. On the other hand if you tell me that you are driving and ask if I do not mind I will put you on speaker phone. That I can live with… I just find it that if you do not give me the courtesy you are a rude person and if you are rude in the first few minutes of our conversation I would hate to see what you are like when we start getting serious and negotiating offers… Therefore you might need to work with someone else. 5. I always introduce myself when I answer the phone please give me the same courtesy. I will do everything in my power to help you get the best property at the best price, just treat me with courtesy and class as I will treat you. Honestly in today’s world we still need to remain Charming & Savvy. I am not asking a lot, but if you cannot do that, then clearly I am not the Realtor with whom you should work. Now if you are Charming & Savvy let’s connectJ I look forward to your call or email. IF you love animals then we will really get along fine tooJ! 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 Sundays: An unusual tree in Los Angeles, CA, 90045
Speechless Sundays: An unusual tree in Los Angeles, CA 90045. On a side note I have never seen a tree like this and would love to know the name…. 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 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 moreHow much would you pay for this view? 6993 La Presa Drive, LA 90068
How much would you pay for this view? 6993 La Presa Drive, Los Angeles, CA 90068 Yesterday, I was at a Probate Auction in the coveted Outpost Estates. The actual address was 6993 La Presa Drive, Los Angeles, CA 90068, some of you who read my blog posts on a consistent basis; know I have written about the benefit of living in Outpost Estates. In case you missed one of them check out this link http://actvra.in/HRS This property was marketed for the past three week through all the venues Realtors get the word out. My client, his architect and his partner we all went and saw this property at least twice prior to bidding. I did my market research and based on the most recent comps determined that a new home on the size of land could command a huge dollar amount. Having stayed close to all the activity I was aware that there were at least fifty or more people who spent time at the property. Now keep in mind these were just the ones that signed in. I suspect another twenty five or more went at different times. Clearly there would be a lot of people present for the auction. This was a no contingency best and highest price auction. All investigation had to be done in advance as to size, and what could actually be built here and needless to say the ability to perform was indicated by bringing a Cashier’s Check for $10,000 to be allowed to bid and having a blank check to be able to write the difference of the 10% of the accepted bid. Keep in mind the lot size was about 18,000 sq ft and the house as far as I was concerned was a total teardown. He property was underpriced and was listed at $699,000. I did the research and shared the comps with my client. I anticipated the highest value to be around $1,200,000. They felt that they would be willing to go to $850,000. For that price I thought it would be a great upside to it. I suspected the property will go out somewhere around $950,000-$1,000,000. The bidding was moving slow and started sputtering around $800,000. It looked promising at this point. Then there were three people who did not even step into the bidding until this point. Needless to say then it took off like a rocket ship to about $1,150,000. Then there were only two bidders left and would you believe it the winning bid was $1,270,000. Although I was disappointed that we did not win the bid, I felt clearly vindicated and my clients understood that the value in the Greater Los Angeles Real Estate market is there for not only buying but creating some fantastic properties. After all isn’t this a $5million dollar view once it is done? 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I...
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