Sherman Oaks, CA Real Estate News

By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
What does it cost just to call yourself a Realtor® ?   Let's run the numbers....... Have you ever thought about how much money it costs just to call yourself a Realtor® ?  We as agents know that it is expensive, but let's get right down to it and crunch the numbers. For the sake of example, I will be using my own scenario as a licensed agent in the state of California, and we'll be basing this on an annual amount. $155.00    - National Association of Realtor Dues$184.00    - California Association of Realtor Dues$150.00    - Local Association of Realtor Dues$500.00    - MLS Access Fees$1,200.00 - E&O Insurance$85.00     - Business Cards$385.00   - SupraKey Dues$475.00   - SupraBoxes$600.00    - Increased amount of auto insurance required by broker$900.00    - Website$600.00    - Open Ho...
Comments 13
By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Ralph's Helpful Tips:  Make sure you load your buyers up with business cards for open houses One thing you can NEVER have too many of is business cards.  You really should be going through them like water.  Why?  Because each card that is floating around out there is just one more marketing piece that is reminding everyone around that YOU are the go-to person in real estate. When working with buyers in the property viewing and discovery stage, don't skimp out on business cards and make sure you load your buyers up with at least 15-25 business cards.  And if they run out, give them 15-25 more!! Not only for the obvious reasons of possible referrals, but you and I both know that there are some unscrupulous agents out there who will try and "assimilate" your clients at open houses. Give yo...
Comments 13
By Seana Yates
(Thrive Homes and Estates)
4712 Columbus Ave Sherman Oaks, CA 914032 Bedroom, 1 Bathroom $490,000 Built in 1941, this tidy, mid-century (ish) bungalow is an affordable starter home with character.  It’s in the great location of Sherman Oaks near the Galleria, Ventura Blvd. and easy freeway access.  The wood floors are in fabulous condition and the home has been updated with dual pane windows. The rich, wood-lined den has beamed ceilings, a large brick fireplace, and built in book cases.  It has a glass door which exits to the large, brick patio and back yard.  Read more and see more photos.... Listing courtesy of Elizabeth Marquart – RE/MAX Execs West L.A.
Comments 1
By Emily Rose Newmark
(Keller Williams Realty)
  CASH IS KING! Especially in this market!  Did you know that 38% of the deals on the market in the Greater Los Angeles area are CASH ONLY deals? This is not to mention the thousands of Foreclosure homes that will be sold on the courthouse steps in 2012.  CASH IS KING! Especially in this market!  Buyers fortunate enough to possess the capital it takes to purchase properties ALL CASH are scooping up the deals by the dozens! These properites are then rehabbed and flipped at market value which is still a good deal for the entry level Buyer using 3.5-20% down to purchase the move in condition homes.  Its really a WIN/WIN for everyone involved and its going to help our recovery in California tremendously as well!  CASH IS KING! Especially in this market!  In early 2011 I put together a Full ...
Comments 7
By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Ralph's Weekly Legal What-If Scenarios: Encroachment - "Don't Fence Me In!" Each Monday, I'm going to post a "What If" Scenario that presents a legal issue in a real estate hypothetical situation. Each Sunday, either the correct legal answer (or most likely legal resolution) to the situation will be posted. These are great opportunities to keep your real estate legal chops honed and tuned as a real estate professional.  And I'm sure there will be some interesting discussions going on related to these hypothetical situations.  Some of you may also have had identical situations in the past that will bring some interesting light to the answers. Here is this week's scenario: A buyer, Bob, purchases a property in 2008.  Later that same year he decides to put up a fence.  Unknown to Bob at th...
Comments 47
By Emily Rose Newmark
(Keller Williams Realty)
List of New California Laws 2012 Child Booster Seat LawThe new California Booster Seat Law outlaws parents, guardians, or drivers from transporting on a highway in a motor vehicle any child under 8 years old without securing that child in an appropriate child restraint meeting federal motor vehicle safety standards. The new California law does contain a provision, however, that a child under 8 years of age who is 4'9" inches in height or taller may use a safety belt rather than a child safety seat or booster seat. Employment Credit Check LawEmployers can no longer request credit reports for Californians unless they are working or seeking work in a financial institution, law enforcement or the state Justice Department. The law also exempts anyone who:(1) has access to people's bank or c...
Comments 2
By Emily Rose Newmark
(Keller Williams Realty)
2012 Mortgage rate forecast...   FIND OUT THE VALUE OF ANY HOME FOR FREE HERE!!: www.LosAngelesHomeValuesFree.com   Originally posted in Wall Street Journal Online 12.14.11 by Drew Fitzgerald: Mortgage rates are expected to remain very low at least through mid-2012, while housing activity improves slightly, according to Freddie Mac’s economic and housing outlook released Wednesday. The outlook also projects fewer single-family home-loan originations but more multifamily lending in 2012. The rental market is likely to lead growth in the lending industry, though parts of the country will also benefit from increased activity in the single-family home market. 2012 mortgage rate forcast is effected by high unemployment and a glut of foreclosed properties have depressed the housing market in...
Comments 2
By Emily Rose Newmark
(Keller Williams Realty)
Has California Turned the corner to recovery? California may finally have turned the corner into recovery, with the job market slated for slow but steady growth over the next two years, according to a report released today by UCLA's Anderson Forecast. "Have we turned the corner in the Golden State? Perhaps we have," wrote UCLA senior economist Jerry Nickelsburg. "The last two months have yielded both job growth in excess of the U.S. rate and job growth which is widespread throughout the state." It was the second time in two days that a Southern California think tank has predicted increased job growth in the state. On Tuesday, Chapman University in Orange issued a similar report, predicting slightly higher growth than UCLA. (To see the Union-Tribune's article on the Chapman report, click...
Comments 2
By Robert Schmalz, Cal. Lic Broker
(West Los Angeles Real Estate Group)
4 BEDROOMS / 3 BATHS / 2773 SQ FT / 12240 SQ FT LOT SHERMAN OAKS NEAR BEL AIR BANK OWNED PROPERTY NEW ON THE MARFKET LIST PRICE $874,900 As with all distressed properties, short sales and bank owned foreclosures, the listing are very volatile and change on a daily basis. If you are interested please contact me a.s.a.p. at 310.505.5571   This traditional updated home is located in the Prime Royal Woods area of Sherman Oaks. The property was built in 1959 and extensively remodeled in 1973. Features include a granite kitchen, breakfast room with beautiful peek a boo city/mountain view, large family/living room with wet bar and sliding glass doors to backyard area, large formal dining room with recessed ceiling and three generous sized bedrooms downstairs (one with private bath and outdoor ...
Comments 2
By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
  To get a free list of best buys of upscale and luxury homes currently in Sherman Oaks, CA, and surrounding cities, click on the links below.  When you see a home that interest you, call Bandele Oguntomilade for a showing at 818-825-6996.  You may also visit my website at  www.BogunRealtyAndLuxuryHomes.com To view other homes click on links below: Woodland Hills Homes, Woodland Hills Real Estate, West Hills Real Estate,  Calabasas Real Estate, Encino Real Estate, Tarzana Real Estate, Studio City Real Estate, Sherman Oaks Real Estate, Hidden Hills Real Estate, Malibu Real Estate and Beverly Hills Real Estate Bargain Luxury Homes in Sherman Oaks, CA CLICK HERESearch MLS - All Homes CLICK HEREWhat’s My Home Worth Today  CLICK HEREGet $1000 at Close of Escrow with Bogun Realty & Luxury Hom...
Comments 1
By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
I invite potential home buyers to click on the links below and find you the best home deals in Sherman Oaks, California, and surrounding cities.  When you see a home that interest you, call Bandele Oguntomilade for a showing at 818-825-6996.  You may also visit my website at  www.BogunRealtyAndLuxuryHomes.com To view other homes click on links below: Woodland Hills Homes, Woodland Hills Real Estate, West Hills Real Estate,  Calabasas Real Estate, Encino Real Estate, Tarzana Real Estate, Studio City Real Estate, Sherman Oaks Real Estate, Hidden Hills Real Estate, Malibu Real Estate and Beverly Hills Real Estate Find a Great Home Deal in Sherman Oaks, CA CLICK HERESearch MLS - All Homes CLICK HEREWhat’s My Home Worth Today  CLICK HEREGet $1000 at Close of Escrow with Bogun Realty & Luxury...
Comments 0
By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
    I invite bargain home hunters seeking bank-owned or foreclosure homes in Sherman Oaks, California, and surrounding cities, to click on the links below and find you the best home deals in Studio City, California, and surrounding cities.  When you see a home that interest you, call Bandele Oguntomilade for a showing at 818-825-6996.  You may also visit my website at  www.BogunRealtyAndLuxuryHomes.com   Contact us for all properties in Southern California, including but not limited to Woodland Hills Real Estate, Calabasas Real Estate, Encino Real Estate, Tarzana Real Estate, Studio City Real Estate, Sherman Oaks Real Estate, Hidden Hills Real Estate, Malibu Real Estate and Beverly Hills Real Estate. Foreclosures + Bank-Owned Homes in Sherman Oaks CLICK HERESearch MLS - All Homes CLICK ...
Comments 0
By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
To get a free list of fantastic short sale homes in Sherman Oaks, California, and surrounding cities, click on the links below and find you the best home deals in Sherman Oaks, California.  When you see a home that interest you, call Bandele Oguntomilade for a showing at 818-825-6996.  You may also visit my website at  www.BogunRealtyAndLuxuryHomes.com Contact us for all properties in Southern California, including but not limited to Woodland Hills Real Estate, Calabasas Real Estate, Encino Real Estate, Tarzana Real Estate, Studio City Real Estate, Sherman Oaks Real Estate, Hidden Hills Real Estate, Malibu Real Estate and Beverly Hills Real Estate.   Short Sale Homes in Sherman Oaks CLICK HERESearch MLS - All Homes CLICK HEREWhat’s My Home Worth Today  CLICK HEREGet $1000 at Close of Es...
Comments 0
By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
 Fixer uppers and handyman specials often represent a good way to get a great deal on a home. As long as you are aware that these homes need work, are prepared to create a realistic budget ahead of time, and remember to leave yourself some financial "wiggle room", you can have an ideal home for much less than what comparable homes, already in top condition are selling for.  If you are the type of person who recognizes a "diamond in the rough" you'll know a great deal when you see one, and will be interested in getting a free List of Fixer-Upper Homes in Sherman Oaks, California.   To get a free list of Fixer-Upper Homes in Sherman Oaks, California, and surrounding cities, click on the links below.  When you see a home that interest you, call Bandele Oguntomilade for a showing at 818-825...
Comments 3
By Emily Rose Newmark
(Keller Williams Realty)
The Recyclable House - Green Deconstruction vs. Demolition As I was completeing the educational requirements for my NAR GREEN Designation, I learned of a new and uncommon practice that is beginging to gain recognition accross the country among "GREEN" the construction industry.    Check out this awesome article I found about Ken Ortiz, the only certified deconstructionist in the midwest. What he's doing is amazing! This article is full of great links to other GREEN resources as well. http://www.chicagoreader.com/chicago/the-recyclable-house/Content?oid=1109143   The Recyclable House - Green Deconstruction vs. Demolition
Comments 3
By Emily Rose Newmark
(Keller Williams Realty)
NEW BENNET & ISAKSON BILL SCARY FOR THE HOUSING MARKET!   New Bennet & Isakson bill scary for the housing market! There is a new BILL that could hinder the housing market. Senators Bennet & Isakson want to ADD UTILITIES INTO THE DEBT RATIO WHEN QUALIFYING A HOME BUYER. They want to LOWER the Qualified Potential of every Buyer!!  Qualifying ratios are set where they are because people have other expenses. These costs are already considered in the ratios. This doesn’t help the housing market.   Write them and let them know this is a bad idea. It is called the S.A.V.E Act. = Sensible Accounting to Value Energy.   Contact Senator Bennet: http://bennet.senate.gov/contact/ Contact Senator Isakson: http://isakson..senate.gov/contact.cfm New Bennet & Isakson bill scary for the housing Market! ...
Comments 5
By Emily Rose Newmark
(Keller Williams Realty)
Mortgage Lender's Top Red Flags. In an effort to issue quality loans that will actually become a performing asset to banks, lenders have stepped up their fraud prevention and are heavily scrutinizing mortgage applications.  The research firm CoreLogic estimates that fraudulent residential mortgage originations will total $7.4 billion in 2011, nearly 40% lower than the $12 billion in 2012! Investigations typically begin the moment an application is received. The lenders verify your Social Security number and often check to see if a borrower's name shows up on the government terrorist list! They will check credit reports and verify employment and then do it again days before closing the deal so be careful what you do while in escrow on a home purchase for which you need a loan!  Mortgage ...
Comments 3
By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
I'm a psychological counselor and a matchmaker that just so happens to hold a real estate license....... I was thinking about this the other day, and it seems to me that I spend at least 75% of my time these days being a matchmaker and psychological counselor rather than just a Realtor. I mean, the key to working with buyers, anyway, is finding the right home that basically turns them on and gives them warm fuzzies.  Listening to what is on their wish list, being attentive to their life styles, and becoming familiar enough with their finances and personal style so that you know what properties to put in front of them is a skill that only comes with being a seasoned agent.  That is the first biggest accomplishment towards a successful transaction.  Being a highly intuitive MatchMaker is ...
Comments 35
By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Bank of America Cooperative Short Sale vs.  SB458 - Which trumps which? For those of you that are familiar with Bank of America's "Cooperative" Short sale, it basically has very similar features as a HAFA short sale except for one important thing:  It does not allow the seller to remove Bank of America's right to pursue the deficiency after the short sale closes. In most cases, I've found that the Cooperative short sale is not in my clients best interest.  Not only for the important factor I mentioned above, but also due to a timeline where if the transaction is not closed within 120 days, then BofA, as the servicer of the loan, will mandate a deed-in-lieu of foreclosure. But my question is, even though BofA creates this short sale with this important disclosure of their right to pursue...
Comments 5
By Emily Rose Newmark
(Keller Williams Realty)
Consumer confidence down, retail sales up!?  Apparently Consumer confidence is way down according to recent reports, however retail sales are up! Hmmm....Doesn't add up right? Where is the money for these shopping sprees coming from? Maybe its actually coming from looming foreclosures.  Some Americans have figured out that they can stay in default int their homes that they're upside down on for an extremely long time NOT paying their mortgage and in some cases even get paid by the bank after a foreclosure to move out in a "cash for keys" agreement. I guess not paying mortgage in some cases up to 3 years can free up a bunch of money to go shopping! Sounds so backwards, but its happening. While the majority of Americans work hard to stay good on their mortgage commitments, and some have l...
Comments 2