Studio City, CA

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.

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 44 offers on it!

We've seen it before. This is the beginning of the tide beginning to turn from a buyer's "shooting fish out of a barrel" market more towards a seller's market.

Get your buyers in now while the price points are still low. Based on my experience, I don't think they're going to stay that way for very long.

• Los Angeles Homes For Sale
• Los Angeles Condos For Sale
• Los Angeles Townhomes For Sale

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.

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, and he is representing his buyer Carol.

Things are going fairly well with the escrow, and the loan approval took a little longer than expected, thus creating the need to close escrow a few days later than what the contract states. Carol is using her brother-in-law Derek as the loan broker to obtain the loan.

An addendum is drawn up to extend the closing date out 5 more days than the original contract states. The addendum is drawn up using ZipForms C.A.R. form ADM (see sample below), and the principles and agents sign the form in the designated signature lines on the addendum.

About a year later, Carol, during her plans to add on a new wing to the home, discovers via her contractor that there was an old underground septic tank that was never disclosed to her by the seller. The seller was aware of the septic tank, but did not disclose it, not even to Jane his listing agent.

It will cost Carol approximately $20,000 to excavate the septic tank and fill in the soil properly for the type of renovations she is making.

Carol is considering litigation to recover the damages she must pay to remediate the old septic tank.

If Carol decides to file a lawsuit, will anyone be be responsible for the damages? And if so, why?

(Hint: The answer may surprise you.....)

Post your definition of what the answer is, and the correct answer along with the relative laws that apply will be posted on Sunday.

Good luck!

• Los Angeles Homes For Sale
• Los Angeles Condos For Sale
• Los Angeles Townhomes For Sale

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-productive activity, or membership rituals that do not make the best use of your valuable time. We get right down to it!

One of the most unique features of our chapter meetings are the Member Focus Masterminds section. That is when all the other members sit down and figure out how they can bring referrals to YOU specifically.