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Tuesday, April 30, 2013

Los Angeles River Fun Run - THIS SUNDAY!!!


Gather the family and sign up for this family friendly event! Kids are free with parent signup.  Free Parking for runners at Costco.  

Opening ceremony starts at 7am.

Sign up at lariverfunrun.com

Monday, April 29, 2013

March pending home sales hit highest level since 2010!


by Yvette Betancourt

It's here and it's happening..... the seller's market.  According to the LA Times, March was the highest numbers of pending sales since 2010!  That is a 7% increase since last year's number for the same month. 

Due to the limited supply of homes for sale, the increase in sale prices have already shown. This change is affecting first time home buyers to investors. 

With this new information, will the National Association of Realtors' chief economist, Lawrence Yun, predication of median price for existing home sales to rise about 7.5% come true?

Only time will tell the true answer....only money is on a "YES"


Wednesday, April 24, 2013

NEW FOOD CHAINS HITTING VENTURA BLVD







by Yvette Betancourt 

During my broker's caravan, I have come to notice a couple of changes on Ventura Blvd.  Near Kester and Ventura blvd, there is a sign in front of a modern retail building for Panera Bread and Chipotle opening soon in Sherman Oaks.  Near Havenyhurst and Ventura, a Porquito Mas has taken Numero One Pizza location.  

Looks interesting.....

Tuesday, April 23, 2013

SUSHI + LOUNGE MUSIC + SPORTS BROADCASTING


By Yvette Betancourt

Looking for a great place to grab sushi? Try Sushi Mac at Sherman Oaks.  Prices are paid by the plate. Enjoy the bar seating while listening to lounge music and watching the latest sport broadcasting on the big screen tv.   Don't forget to bring CASH.  

Monday, April 22, 2013

Is it time to sell in the market's Buyer Bidding War?

By Yvette Betancourt 

Homebuyers are streaming through open houses and making tens of thousands of dollars above asking price and still coming away empty-handed. 

The high intense demand has sent prices soaring, according to a report released Thursday by DataQuick.  This growing demand meets an exceptionally low supply of homes for sale.  

In desirable areas, open houses are jam packed which has created a frenzy of offers coming in within 24 hours or less and sales pending within a week! 

Homeowners, its has rarely been easier to sell.  

Get to know the process of selling your home in today's market. 

Friday, April 12, 2013

NEW LISTING - Encino Vacant Lot for Sale



Listing Information:

  •  4627 ENCINO Avenue
  •  Encino
  •  CA
  •  91316
  •  Encino (ENC)
  •  Los Angeles
  •  $1,699,000
  •  SR13059204 
    CARETS
  • Lot/Land/Acreage
  •  Resale/New
  •  Active
  • Property Information:

    •  0
    •  16988
    •  0.39
    •  Trees/Woods View
    •  Free Hold
An Opportunity to Design your Ultimate Estate Lifestyle on an Tree Lined Cul-de-sac, Adjacent to Rancho Estates!!!! The Parcel according to Tax Assessor's Records is 16,988 sq. ft. of useable land!! Construction Plans by Sayah Engineering for a 2 Story Construction of approximately 8,000 sq. ft. of Living Space that would include a Media Room, Grand Staircase, an Elevator, Library, Basement/Great Room, etc., are Available to Review!!!! Also, Available to Review is the Preliminary Soils Report by SubSurface Designs, Inc., and the Soils Report Approval Letter, City of Los Angeles!!! Supporting Data of Acceptable Grading, Sewer and Storm Drain Plans and Survey Showing Elevations and Culture are Also Available to Review!!! 




Wednesday, April 10, 2013

NEW CONSTRUCTION HOMES ARE UP 17% SINCE LAST YEAR


Since last year, new construction home sales are up 17 percent.  And surprise... surprise...low inventory of unsold units available.  (story of the 2013 real estate season) There are new homes being planned but won't be ready or built anytime soon.  Builders are having a hard time keeping up with the housing demand.  
This gives home sellers a great opportunity to sell their home or refinance their home.  
Think of selling, sign up for a complimentary home evaluation report.
Looking to refinance, email me for a list of lender we work with. 

Monday, April 1, 2013

Bank of America tops list of mortgage complaints nationwide


The lender has accounted for 30% of complaints to the Consumer Financial Protection Bureau, with two-thirds of them involving modifications.


The level of customer discontent — far greater than at home-lending rivals Wells Fargo & Co. and JPMorgan Chase & Co. — reflects BofA's struggles since its 2008 acquisition ofCountrywide Financial Corp. in Calabasas. Countrywide had become the No. 1 mortgage firm by specializing in subprime and other high-risk loans.

Two-thirds of the complaints involved BofA's handling of loan modifications, debt collection and foreclosures, a fact the bank attributed to the concentration of toxic Countrywide loans. An additional 20% involved customer-service problems, such as the handling of payments and escrow accounts for funds used to pay taxes and insurance.

The bank noted that the bureau's website shows that 98% of the problems have been resolved.