Studio City, CA Real Estate News

By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Unemployment rate drops to 7.8% in October   It seems that our current administrations plans for economic recovery are hard at work.  From an economic standpoint, it takes an extremely methodical and well-planned approach to combat such severe economic depression.  I'm glad to see the progress that is being made.   Los Angeles Homes For Sale Los Angeles Condos For Sale Los Angeles Townhomes For Sale
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By Risa Liebster, Toluca Lake Real Estate
(Ramsey-Shilling Associates)
Beautiful Studio City Townhouse - Open Sunday 7/29 2PM to 5PM Gorgeous, stylish 3 bed / 2.5 bath multi-level townhouse in great Studio City location. Spacious with 1700 sqft of living space just a short walk or bike ride from the shops and restaurants of vibrant Ventura Blvd. and a stone's throw from Toluca Lake. Granite and stainless cook's kitchen, large master with ensuite jacuzzi bath and walk-in closet, dining room, living room with fireplace and private balcony. Complete with two secure underground parking spaces and personal storage area. A perfect home in the City with everything you need including a view of the City lights. The lifestyle you want IS within reach! Address: 10866 Bluffside, #4, Studio City, CA 91604
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Governor Brown Signs Homeowner Bill of Rights I received notification from the California Department of Real Estate and California Association of Realtors yesterday that the Bill of Rights has now been signed into law by Governor Brown. This is very important subject matter for those homeowners that are struggling with their mortgage payments, or perhaps may see some potential mortgage issues coming up in the near future. This law aims to avoid foreclosure where possible to help stabilize California's housing market and prevent the other negative effects of foreclosures on families, communities, and the economy. The new law will generally prohibit lenders from engaging in dual tracking, require a single point of contact for borrowers seeking foreclosure prevention alternatives, provide ...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
"The 45 Lessons Life Taught Me" - by Regina Brett, 90 years old This was sent to me from a good friend via email. Regina Brett is a woman who just turned 90 and writes a regular column. I HAD to pass it on to all of my Peeps because I know how hard most of us work within our efforts to get ahead. Sending this over to everyone with positive energy: 1. Life isn't fair, but it's still good. 2. When in doubt, just take the next small step. 3. Life is too short – enjoy it. 4. Your job won't take care of you when you are sick. Your friends and family will. 5. Don't buy stuff you don't need. 6. You don't have to win every argument. Stay true to yourself. 7. Cry with someone. It's more healing than crying alone. 8. It's OK to get angry with God. He can take it. 9. Save for things that matter. 1...
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By David Robinson, Call Now (877) 828-0710
(Lloyd Cullen Real Estate)
Lloyd Cullen Real Estate is a local Studio City Short Sale Realtor. As a Studio City Short Sale Company that specializes in short sales, you are assured the highest standard of professionalism and can always count on our Studio City Short Sale Realtor to help answer any questions you have in regards to Studio City Short Sales. Studio City Short Sale Realtor Lloyd Cullen is a local Studio City Short Sale Expert with experienced Studio City Short Sale Agents here to assist you.   Studio City Short Sale Realtor We specialize in Short Sales for Studio City and Surrounding Areas At Lloyd Cullen Real Estate, our Studio City Short Sale Specialist has a reputation for providing quality service to their clients. Short sales in Studio City are more common than people may think but it is not somet...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
How to coach your buyers through the short sale process The process of obtaining an accepted offer and successfully closing on a short sale transaction on the buying side can be one of the most tedious and stressful things we do currently as real estate agents. But it doesn't really have to be if you use a recipe for success for you and your buyers. One of the most important issues in the beginning is knowing how to craft an offer that is conducive to a successful short sale closing. Here is a task list that will help: 1. Obviously, you want to make sure there is a short sale addendum to the contract.  Why? Because you need to make sure there is a time period that is clearly stated that the buyer will wait for the written approval(s) so that contractually they can safely exit the deal i...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Chase Takes $2 Billion Dollar Loss On Bad Investment - Have they not learned ANYTHING?!!! This just BURNS me up! After only a matter of just a few years since our mortgage crises they are engaging in this kind of activity? REALLY?!! Do we have a vaccination for greed at our pharmacies?  If so, I think every single one of those executives responsible for this need to be rounded up like cattle and given a shot in the a$$ with the ANTI-GREED medication!! HONESTLY!! Enough is enough!!  We spent HOW MUCH of our hard-earned taxpayers money to bail them out?  For WHAT? They're like crack addicts with who need to go to detox for the greed habit that they can't seem to kick. Los Angeles Homes For Sale Los Angeles Condos For Sale Los Angeles Townhomes For Sale  
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
How To Win in a Multiple Offer Situation when you are limited on price Well, it seems that we're back in the type of market where multiple offers are becoming common. There's a mixed bag of buyers out there - conventional buyers, FHA buyers, VA buyers, and all-cash buyers and investors. In a multiple offer situation, the offer price is probably one of the biggest factors when the seller is deciding which offers to entertain or accept. But what do you do when you've reached your affordable max and can't really come up any more in price? Here's just a few things that I recommend to my buyers.  It requires a little investigative work, but it may pay off for you. 1. Find out where the seller is moving to, and what logistics are involved with that - Is is the case where and when they're movi...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
ActiveRain Meetup Los Angeles - Had a Great Time! We had our last ActiveRain Meetup yesterday at the Good Earth Restaurant in Studio City, CA. The food was outstanding, and we had some really great conversations about the real estate market here in Los Angeles. In fact, I'm actually referring a client to ActiveRain member John Pusa. He covers the Glendale area, and I have a client who speaks one of the languages that John does, so we're going to work together to help this client. I LOVE the cinnamon iced tea they have there!  I tried a new dish they have there which is the salmon risotto with brown rice and meditteranean veggies simmered in a very flavorful tomato sauce with kalmata olives. The Good Earth has a very unique atmosphere in that it is an indoor garden setting with ponds and...
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ActiveRain Los Angeles Meetup - Studio City, CA - Friday, April 20th - 7PM......Be there and win a FREE Partner Membership to Referral Exchange of Southern California! For those of you Rainers in the Los Angeles area, this will be a great opportunity for you to meet some of your ActiveRain peers in person. A lot of great things happen at these meet ups!  Good information and good times! Would love to see you there and meet you in person!  That's how personal agent-to-agent referrals start - meeting someone in person! Time, Date and Location is as follows: Friday, April 20th, 7PMThe Good Earth Restaurant12345 Ventura Blvd, Studio City, CA  91604 PLEASE RSVP to me so that I can get a head count for tablespace. All the best,   Los Angeles Homes For Sale Los Angeles Condos For Sale Los Ange...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
It's Unanimous - The Market Has Officially Turned I've spoken to several agents around the country and it's pretty unanimous - the market has officially turned! Los Angeles, Phoenix, New York, Austin, Miami, Chicago, and more have all reported unbelievable amounts of activity. And this activity is the spark plug to the slow rise in home prices into our next chapter of a normal market. Congratulations to those buyers who purchased in the last few years - you officially came in at bottom. For those buyers who were on the fence waiting for the market to continue to drop even more, that ship has sailed.  We are now becoming a seller's market once again, especially with inventory levels as low as they are in some areas. I have many buyers in the $300k and below range that are finding it diff...
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ActiveRain Los Angeles Meetup - Studio City, CA - Friday, April 20th - 7PM......Be there and win a FREE Partner Membership to Referral Exchange of Southern California! For those of you Rainers in the Los Angeles area, this will be a great opportunity for you to meet some of your ActiveRain peers in person. A lot of great things happen at these meet ups!  Good information and good times! And there will be an added bonus.  At our MeetUp, we will be raffling off a FREE membership to Referral Exchange! Time, Date and Location is as follows: Friday, April 20th, 7PMThe Good Earth Restaurant12345 Ventura Blvd, Studio City, CA  91604 PLEASE RSVP to me so that I can get a head count for tablespace. All the best,   Los Angeles Homes For Sale Los Angeles Condos For Sale Los Angeles Townhomes For S...
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By Adrienne Kessler
(Rodeo Realty - Beverly Hills)
Great Market News Luck of the Irish Edition   While the weather this weekend does not make me feel particularly celebratory or lucky, I do think that this St. Paddy’s day washed away the bad and will bring in the good. The latest pending home index released by the National Association of Realtors showed pending home sales are on the upswing and at the highest level since April of 2010. Mortgage rates continue to decline and remain near record lows. Perhaps the luck of the Irish will keep it that way.   Fifteen-year fixed-rate mortgages are down, from the week prior, to an average of 3.13%. Thirty-year fixed rate mortgages are down to an average of 3.88% compared to 3.9% the week earlier. Most of us don’t have a pot of gold, so mortgage rates continuing to stay low, can only make this an...
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By Seana Yates
(Thrive Homes and Estates)
  4230 Bellingham Ave.   Studio City, 91604   5 Bedroom, 4 1/2 Bath   $1,749,000   I’m usually in favor of older homes with a lot of character, as opposed to newer builds, with their cookie cutter tendencies, but this fantastic cape cod in Studio City is a glorious exception.  Located in the very desirable zip code of Studio City, 91406, this 5 bedroom home is over 3900 square feet.  Interestingly enough, the Studio City Council just passed an ordinance restricting homes this size to be built anymore.  The ordinance was designed to stop “McMansions” from crowding out their lots.  In my opinion, this doesn’t qualify as a McMansion, because it was so tastefully done.  Scroll down to see what I mean.       My favorite part of this elegant kitchen is the chandelier, but the beveled marble ...
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By Seana Yates
(Thrive Homes and Estates)
11206 Laurie Dr. Studio City, CA 91604 2 Bedroom, 2 Bath $909,000 Imagine having this view from your back yard.  This 2 bedroom, 2 bathroom Studio City home has 180 degree views of the valley.  If I lived here I don’t think I’d ever go inside.  Luckily, the home is outfitted with huge picture windows so you can see the view from the living room, the kitchen and even the bedroom.   Built in 1954, an extensive renovation of this mid-century home in 2008 brought it into the twenty teens with several changes, including a new, open kitchen complete with stainless steel appliances and granite.   Read more... Listing courtesy of Bill Lustig – John Aaroe Group.
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Multiple Offers Increasing in So California - The Tide has Officially Turned.......... We are seeing mutliple offers all over the place here in Southern California.  And not only in certain price ranges, but across the board. Our listing in Stevenson Ranch has 10 offers on it after only a week and a half! Our North Hollywood condo listing that has been on the market for quite a while just recently ended up with multiple offers. Not only that, but on the buying side we are ending up in multiple offers with the offers we're writing for our buyers. Our Encino, CA buyers - 4 offers on the property Our Stevenson Ranch buyers - 3 offers on the property Our Calabasas buyers - 3 offers on the property There was even one agent in our office that reported a Tarzana / Woodland Hills home that has ...
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By Adrienne Kessler
(Rodeo Realty - Beverly Hills)
Fannie issued an article about how 2012 is the year of the political economy. Stating that the rise and fall of our housing market would be based entirely on how the economy itself fares this year. And so far so good. The housing sector is showing improvement due to gains in employment.   Not only that but Fannie believes the second half of this year will be great for the housing market because of positive consumer behavior. The global economy is to be considered when trying to make a housing forecast. But the Brightside of 2012 will show growth because of predictions for our domestic economy and thus the housing sector. I don’t love politics and relying on a political economy isn’t my favorite plan. But good news is good news. So I like it.
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Ralph's Weekly Legal What-If Scenarios: Contract Addendums - Who Signs What And Why? 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: Jane is the listing agent, and is representing her seller, Adam, in an escrow.  Steve is the buyer's agent, ...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
Become an exclusive preferred referral agent in your area - www.referralexchangegroup.com Referral Exchange is an exclusive, invitation-only business networking organization that is cutting edge. With our affiliate and partner memberships and teleconference capabilities, you can receive referral business in your area. Many of our members have been involved in other networking communities and have decided to make Referral Exchange their business network of choice.  What they feel are the strengths of Referral Exchange is that we make the absolute BEST use of your time as a member.  We get it.  We're all busy working professionals and the time dedicated to attending a business function must be worth that time.  It must yield results. Our chapter meetings are free of rigid formats and non-...
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By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
The banks responses to SB458 begins to rear it's ugly head................. The recent passage of California Senate Bill 458 prohibits both 1st AND junior lienholders from pursuing a deficiency judgement OR requiring the seller to contribute cash proceeds upon successful closing of a short sale. Well, many of us were waiting to see what the banks responses were going to be, and it has hit me first hand on one of my short sales. The 2nd lien on this file, Wells Fargo Home Equity, just told me today that since they are no longer legally able to ask for cash proceeds from the seller, that they would like 2% of the commissions credited to THEM!! For a second there, I had to ask the negotiator to repeat herself because I wasn't sure exactly what she was saying. Once I had it clarified that i...
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