1712 Queens Ct, Los Angeles, CA a vacant LOT:  JUST SOLD!!

This lot was about an acre of land consisting of eight separate APN numbers, with the opportunity to potentially build one large estate or three smaller single family residences. There are some partial  city views from  this lot.

The buyer was from China, not only did he have a local Chinese Broker who represented him in the Transaction but in addition to it he used the services of a local Attorney who was also Chinese. Keep in mind here in California we have Escrows and we do not need Attorneys to do the closings.

The entire Transaction from Start to finish took 12 days to close. It was an ALL CASH Transaction and Sold for $740,000. Although it seems like a short escrow period, I have been negotiating with the buyer directly for the past eight monthsJ before the Broker and before the Attorney entered into the equationJ

The entire Transaction was done via the internet, nothing was printed or scanned. The entire Transaction was done via DocuSign including the Escrow Instructions! The Seller even had his proceeds wired to his bank. There were  only three  checks   which were Printed : one  to the Buyer’s Broker and to  my Broker and one to me. This was truly a Virtually Paperless Transaction. Once the transaction coordinator prepares the files will be on CD to the Seller and to me.

If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

1712 Queens Court, Los Angeles, CA 90069: Status Change Accepting Back Up Offers. The current list price was $790,000.00

This large parcel of land consist of eight APN numbers, the potential is there to build either one large estate with a pool and guest house or three homes  of modest size around 3000 sq. ft of living space. The total lot size is nearly an acre of land with city lights views.

The buyer is from Asia and he is keeping it close to the vest what his goal is. The Seller is thrilled since we were in multiple offers and now we are negotiating a back up offer in case the first buyer changes his mind.

The Seller and I will have a better idea in about ten days what the buyer will do. IF you are interested you need to hurry before we finish negotiating a first position back up.

If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

0 Barnes Lane, Los Angeles, CA 90046 JUST LISTED another Vacant Lot! $329,000!!

This lot is perfect for a developer or someone who wants well over a half an acre of land in the Hollywood Hills. It consists of seven lots and four APN numbers. What a great development opportunity. Gently upslope with Canyon view. Truly a great buy do not miss out!

Build one Grand Estate with a pool and a guest house with even room for Tennis Court. Alternatively a development opportunity for more homes, these lots are on a paper street paralleling Kirkwood Dr.

Buyer to investigate feasibility of how many homes could be built with the current Hillside Ordinance in Los Angeles.

These lots are extremely well priced. Do not wait too long or you will miss out on a great parcel of land! Lot is west of 8351 Kirkwood Dr. If you are a seasoned Developer ask me about the Teardown Home as well. (Not in the MLS)

If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

One of my favorite Chardonnay’s is produced by Chalone Vineyards in Monterey County, CA.

I f you are looking for a crisp, steely chardonnay, try their 2010 Estate Grown Chardonnay by Chalone. Talk to the Wine maker Robert Cook and he will agree with me, that this wine is fantastic. He attributes the wine being so exceptional is due the cool temperatures in 2010 and it allowed them to let the grapes ripen on the wine.

 I personally love the complex flavors, particularly the peach, pear and citrus flavors. (I do not care for the Oaky Chardonnays and Chalone will never produce wines like that).I also attribute the wonderful flavors to the soil as well as the elevation of where the grapes are grown.

 Just on a side note, Chalone Vineyard is the Official Wine of The PGA of America. Now keep in mind I was drinking their Chardonnays since the late 1980’s. (Way before the PGA) I actually went to the Winery and loved the fact that they emphasized that they were the oldest wine producing vineyard in Monterey County.

 They are located at a plateau of 1650 to 1800 feet in the Gavailan Mountain range, near the Pinnacles national Monument. The ride to this Vineyard is well worth it!

Check out their website and if you can join their Wine Club and you will be glad I turned you on to them

 http://www.Chalonevineyard.com   or call 1.800.407.9047

 On n a side notes their other wines such as their Granche are out of this world tooJ

If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

Greater Los Angeles Land Owners & Sellers: have you seen this article today on CNN Money?

In case you did not know it CNN Money is a Division of Fortune & Money Magazines on line. They just published a very interesting article http://money.cnn.com/2013/02/04/investing/housing-market/

Check it out!

Evidently Hedge Funds & Private Equity Firms are buying up vacant lots. This is a clear indication that they are confident of the long term direction the Real Estate Market is heading to, as well as the financial benefits of the Real Estate Market.

I can confirm that the last three months have supported this article based on my own Sales Volume, as well as the increase of activity in research and inquiry of my vacant land inventory in the Santa Monica Mountain range from Mt. Washington to Malibu.

As most of you know I am a Greater Los Angeles Land Specialist, hence I know it could take eight months to three years to build a home from Raw Land in the Greater Los Angeles area. Mostly it depends on a multitude of factors such as location as an example:  if you start building in Beachwood Canyon or Malibu it makes a huge difference in the timeline. The Land Approval process is long and not for the faint at heart.

This message is clear to me since I list and sell a large volume of vacant land in Los Angele; land is the last to start selling when the market is improving and first to drop out  when it is heading to a downturn of the market.

Hence do not miss out and buy yourself a vacant lot in the Greater Los Angeles area NOW!

If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

If you are a seller who is considering “Deed in Lieu of Foreclosure” Eight things you need to know!

If you are a seller who considers “Deed in Lieu of Foreclosure” the most important points to be aware are the following:

1.       In most cases a Deed in Lieu of Foreclosure is better than opting to be foreclosed on your home.

2.       Short Sales are different from Deed in Lieu of Foreclosure. The Borrower could be still liable for the loan amount not covered by the short sale as well as some Tax Liability as well.

3.       The Borrower must approach the Lender and the lender must agree, because the law is clear that the lender cannot approach a homeowner about giving up their home.

4.       The most important point to keep in mind is that “The Equity” will be lost on the home.

5.       There could be some Tax Consequences as well.

6.       The Credit History is affected by this action as well. Although it is better than a Foreclosure, as well as better than a Short Sale, still it is a black mark on the Borrower’s Credit History.

7.       I would recommend, before you proceed with this action, talk with your Tax Advisor as well as a Mortgage Broker to understand the consequences of this type of action.

8.       Lastly before you sign over the Deed also consult with a local Realtor to make sure what the Local Market is like where you live. Keep in mind you might not need to turn your deed over. It is possible that due to the short inventory you can get your home sold fast and without too much difficulty and maintain your Good Credit as well as your Equity on the home!

Then once you have all the information you can make an informed decision and do what is best for you in your circumstance!

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, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

Blogosphere is buzzing about FB’s Changes & what the ramifications will be for FB & Google.

There has been so much written I can hardly keep up. What it means, what will this do and everyone has an opinion one way or another. The deluge of the buzz is beyond my comprehension. Needless to say if you are not paying attention, than this will be another one of those moments: What happened? Why did they do it? I liked the old way betterJ

Now let’s keep in mind all the buzz is about a Beta Version not all the Billions of FB users are affected by it.( At least not yetJ) FB found a way to create a search experience unmatched by anyone else.  It seems to me it is a blend of Pinterest, Yelp & Google meshed together. It makes the search meaningful, or at least puts it in perspective. As you search for something you find out which one of your sphere of influence has seen or searched for the same information with their pictures as well as who is near you. Obviously this is in the beginning stages and just like G+ made changes from the Beta Testing phase to implementation phase. It did not happen overnight let’s also be realistic; Google will not be sleeping while this is happening. They will be working as well.

This is not a Battle of two Titans one Winning the other loosing, I believe the End User is the Winner, since both Giants will be creating something better and equally impressive.  On the surface observation it is FB vs. Google, now if you look deeper, it is two Giants being very competitive and the winner is the person who uses it.

I would recommend for Realtors and Affiliates to continue keeping their profiles on both platforms and remember what the goal is: Creating Relationships that might create long term friendships and long term referral relationships and new business because of Good Content. Anyway that is my take. Let me know where am I going wrong? Or share your thoughts here and do not forget to Plus1 if you read this on Google and if you read it on FB do not forget to LikeJ this.

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, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.