Wednesday, July 14, 2010

New Luxury Homes for Sale in the San Fernando Valley

Luxury Homes for Sale in the San Fernando Valley

Burbank Luxury Homes - Starting Price is $3,400,000

Calabasas Luxury Homes - Starting Price is $25,000,000

Encino Luxury Homes - Starting Price is $7,495,000

Glendale Luxury Homes - Starting Price is $2,990,000

The luxury real estate market has taken a big hit this past year with home-prices dropping fast and hard.  Wealthy individuals are considering strategic defaults in order to escape their money losing asset.

Sunday, July 11, 2010

Notary in LA

Are you looking to get your document notarized in Los Angeles? 

A traveling notary is unique in which they come to you.  It will save you time, money, and best of all, you'll get it done.  Keep in mind not all notaries work on the weekend or after hours.  A traveling notary can meet you after work, at work, home, coffee shop, etc...

It's best to try to schedule a traveling notary a day in advance.  Some notaries can meet you within 30 minutes if they are in the area.  Be sure to ask if a short notice will result in any additional fees.  Currently, a notary can only charge $10 a page per signature.  If two people are signing one document, the charge would be $20. 

There are only two documents a notary can certify.  A notary cannot certify a copy of a driver license, social security card, passport, etc...

From experience, popular areas that request traveling notaries are Burbank, Encino, Studio City, Tarzana, Woodland Hills, Sherman Oaks, Toluca Lake, Granada Hills. 

Call 1-888-810-4054 for a San Fernando Valley Notary.

Short Sale Secrets - Los Angeles Short Sale Homes

The short sale process is very complex, and I recommend only a licensed real estate agent (Realtor) handle your short sale.  Run if anybody asks for money upfront to handle your short sale in Los Angeles.

Listing your home on the market is important because the objective to getting the short sale process started is to find a buyer willing to pay market price for your home.  The word 'Market Price' is very important.  Let me explain...  Once your real estate agent puts a short sale package together and sends it to your lender(s) for short sale approval, they will eventually hire an appraiser to appraise your property.

It's important to choose an offer which will come close to what the home is really worth.  If the buyer tries to act smart by offering more than what the home is worth, then you'll both run into appraisal problems later.  Your agent, through experience and market knowledge, should price and accept offers which come close to what the home is really worth and going to sell for.

Obtaining this information is easy for a real estate agent (Realtor).  Realtors have access to real estate information not yet available to the general public and it's usually the same information an appraiser will see.  An appraisal will view three comparable sold homes near your home, one active, and one pending (in escrow). 

The most important objective is getting an offer in and having your agent submit the offer to the bank(s) for approval.  It doesn't really matter if that buyer decides not the buy your property later, you want to get the offer in and the process started. 

Later if the buyer decides not to buy your home for whatever reason, you have an approval from the bank and you'll know their bottom line as to what is the lowest offer they will take.  That's golden information which your real estate agent can use to relist your home as a short sale approved home.  At that point, finding another buyer will be quick and the home will most likely be sold in 45 days or less.

Saturday, July 03, 2010

North Hollywood Short Sale Homes

There are many strategies involved when writing an offer on a short sale homes.  The most important step is to work with a knowledgeable real estate agent who has sold many short sale properties for both buyers and sellers.

What you want to remember the most is that even though you write an offer on a short sale home and the seller accepts, it doesn't mean the lenders will approve your offer or the deal will every happen.  Write an offer and move forward.  Don't hang yourself up on one short sale home.  

A professional short sale agent will structure the offer in such a way to protect your interest and money in-case the deal falls through.  For one, don't do a home inspection or appraisal until you have a written confirmation from all lenders on title that the offer will be accepted. A short sale addendum protecting your interest should be used.

I've seen many buyers and sellers work with agents who don't know the ins and outs of selling a short sale home.  If you've found yourself homeless after many attempts with your current agent, call me for a free consultation.

Richard Johnston
Exclusive Estate Properties

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