Beverly Hills, CA Real Estate News

By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
Beverly Hills, California is synonymous with luxury.  For most people that is probably what they think of first when they hear Beverly Hills. And why not?Beverly Hills is home to one of the most exclusive shopping districts around, Rodeo Drive. And it is also known for the celebrities who live there and the lifestyles of the rich and famous so often portrayed by the media. The allure of Beverly Hills is perhaps as much a product of the attention paid to it by the media, films and magazines as it is the lifestyle one can enjoy if you can afford it.From a real estate perspective, Beverly Hills is one of the more expensive zip codes in the US, although it is eclipsed by communities such as Rancho Santa Fenear me in San Diego, and Sagaponack, New York (for 2006 rated the most expensive zip ...
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By Sheron Cardin, ARTIST - A Home Stager/Sellers Best Friend!
(California Moods Inc)
I have been meaning to get this information into print for a few months now and decluttering my cluttered to do list is my current project I am passionately attacking.Awhile back I wrote about a new show on VH1 called Fabulous Life Presents Really Rich Real Estate. I paid close attention to what the agents said about the homes, what they think are features, and how many were repeated throughout the shows (3). Create or enhance as many of these features as possible...large foyerbeautifully landscapedoutdoor entertaining areas lush lawnsgourmet kitchenmedia roomspa bathtowel warmerswater featuremarblegranitetumbled stonerubbed concrete counters and floorsgallery wallshigh ceilingsskylightsviewslarge closetsneutral color schemeprivacyBelow is the next really interesting show on July 12th. ...
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By Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn
Joyce Rey of Coldwell Banker Previews lists $125M property   New US record sale? asks Wall Street Journal          The Beverly Hills office of Coldwell Banker has listed what the Wall Street Journal says could be a property that will set a new US record for a home sale.Joyce Rey of Coldwell Banker's Beverly Hills office listed the $125M property on behalf of Suzanne Saperstein, the recently divorced wife of Texan millionaire David I Saperstein. She got the house.Modeled on Versailles and other French palaces, the 45,000 square foot estate, known as Fleur de Lys, ties for second place most expensive listing price with Donald Trump's $125M listing of his Palm Beach mansion. First place belongs to Prince Bandar bin Sultan's ranch in Aspen, CO which is listed for $135M.The US record for a h...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
With a drumroll, let’s reveal and discuss the results of First Republic Bank’s Prestige Index for Los Angeles, California. An earlier article about San Diego’s Prestige Index offered some interesting data. Hopefully the report on the Los Angeles luxury home market won’t disappoint!As might be expected, the pace of luxury home appreciation in Los Angeles has cooled somewhat, but is far from being in the tank. The report reveals that at mid-2006, the average price for a luxury home in Los Angeles stood at  a record $2.29 million—a $253,000 increase from a year earlier. That’s a healthy 12.4 percent increase (What bubble???). The rate of increase in the luxury home market, though, appears to be slowing.Los Angeles homes in marquee locations, says the FRB report, remain in hot demand, but t...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
....Like, IS Kirk Kerkorian heading from the Hills????                                   Speaking of gossip….Legenary Kirk Kerkorian has just cut the $25 million asking price of his 30–acre Beverly Hills mansion to a reasonable $18 million, after it has languished on the market for nearly a year. His lovely gated estate boasts a Mediterranean-styled main home, two guest cottages, two pools, two tennis courts, a putting green and lots of room for expansion.The Wall Street Journal reports that Mr. Kerkorian, 89, has purchased this estate in three different phases. The first parcel was purchased for $5.7 million in 1989. The other two were added in subsequent transactions. The package is listed by Coldwell Banker in Beverly Hills.All this leads Active Rain's Gossip mongers to wonder if the...
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By Eddy Martinez
(Nationwide Funding Group)
The Basic Requirements of a Lease include :(1) Length of Time(2) Amount of rental payments(3) Names of Parties(4) Description of the Property  Other useful facts about leases that you may have or not have known : - If more than 1 year, it must be in writing- Signed by lessor (landlord)- Lessee (tenant) does not have to sign lease- Reversionary right belongs to the lessor- Possessory right belongs to the lessee- A rental is presumed to be month to month unless it is specified otherwise- Agricultural lease limited to a maximum of 51 years- Urban lease limited to maximum of 99 years -Mineral , oil , and gas leases are limited to a maximum of 99 years  Eddy MartinezBest Rate Funding - Direct Lender - Wholesale RatesSenior Loan ConsultantDirect Line: 1-888-702-2225 x. 115E- Fax :1-310-943-65...
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By Eddy Martinez
(Nationwide Funding Group)
Seller Financing Disclosure Statement (continued).......The arranger of credit must deliver a disclosure statement as soon as possible before the execution of any note and security document. The statement must be signed by the arranger of credit, the buyer and seller, who are each to receive a copy,The disclosure statement must include : -comprehensive information about the financing-cautions applicable to certain types of financing-suggestions of procedures which will protect the parties during the terms of the financingThe arranger of credit does NOT have to deliver a disclosure statement to a buyer or seller who is entitled to recieve a disclosure under the regulations of the Federal Truth-In-Lending Act, Real Estate Settlement Procedures Act (RESPA) or a mortgage loan disclosure sta...
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By Eddy Martinez
(Nationwide Funding Group)
Brian Brady was kind enough to write a blog about my absence due to the birth if my first child and i would like to thank him again. http://activerain.com/blogsview/16884/Eduardo-Rapido-Becomes-a   I would also like to thank Scott Gormley Californias number one Active Rain broker http://activerain.com/lendingmagician  for the kind email he sent me today. His wife is also expecting a bundle of joy next month. This experience was life changing to say the least to have the ability to bring a child into the world helps you appreciate life much more. When my wife was pregnant i honestly couldnt believe that i was going to be a father but when i first laid on baby Eddy in the operating room it hit me. I am truly blessed and thank the guy upstairs for this gift. I will now work ten times harde...
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