Century City/westwood (Los Angeles, CA)
By Tim Lorenz, 949 874-2247
(TIM LORENZ - Elite Home Sales Team)
1907 Greenfield Ave., Los Angeles Under Contract in 17 Days   $1,350,000         This home was origionally listed at $1,350,000. This home is a standard sale and a beautiful craftsman home.     This beautiful home has hardwood floors and chanderliers, plus skylights.  The home is in the Century City, Westwood area of Los Angeles.  Very close to the University of California at Los Angeles.  The home has been referbished and is shows that the owner enjoyed the home as much as I enjoy the Craftsman style.  If you want your home sold contact us.  
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
What is FIRPTA? Understanding the facts about FIRPTA FIRPTA is the acronym for Foreign Investor Real Property Tax Act. The disposition of US Real Property interest by a foreign nations is subject to the Foreign Investment in Real Property Tax Act of 1980 (also know by most as FIRPTA) income tax withholding. Basically what it means is that the United States is authorized to tax foreign person on the sale of US Real Property. If you have a Foreign National who is selling Real Property at least in California, most Escrow Companies will follow the instructions of the principals in withholding and remitting the payments to the Internal Revenue Service (IRS) on their behalf. Most reputable Escrow Companies will have a process in place for accommodating the ability “to hold back funds” if the ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Do you know what a Homestead is? This is another Title Insurance Question you might want to be familiar with and inquire about when you are purchasing a home.  As most of you know I have written a few blog posts about Title Insurance. I find it is very important to be familiar with Title issues; it can make a great deal of difference whether it will be an easier Escrow Period or a harder one. The more knowledgeable you are the easier it will be. The Homestead Act is very complex in nature and if it is not properly prepared may be invalid. Therefore I suggest that you consult an attorney for your specific situation or at least a Title Officer before you take title on a property. Generally most people want to know how the Homestead Exemption works. In simple terms it may protect your equi...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Century City / Westwood, CA Condominium Market Report for February 2011. As you know I have been a big proponent of Looking at Housing Trends, I find that is the key to getting the correct picture. It is important to look at the Monthly numbers, but we should not be caught up with the Headlines. There have been delays due to Lenders, Appraisers and other unforeseen reasons. Now with that said I am very excited to report that The Active Listings for February have increased month over month from 257 to 271. The larger the selection the more Realistic the Sellers are and the Buyers are more motivated, since they have a selection they can choose from and go to escrow with. At the current expectation that the interest rates did not get raised the buyers decided to continue and purchase prope...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The 2011 ACATEMY Awards are being Held in Westwood,CA!Do not miss it! "The" Cat Adoption Event of the Year! Meet Colin Purrth, Nicole Kitman, Kat Winslet and other stars at an unforgettable Hollywood event. The stars will shine in their classic tuxedos or elegant black, white, orange (the in-color this season), muted grey or striped ensembles. Also closely watched this year are feline favorites up for Best Motion Picture including "True Kitt", and "The Kitties Are All Right" Best Friends Animal Society ( http://www.bestfriends.org )  invites all of you to the Red Carpet this Sunday Saturday, February 19th, 11am-6pm Hotel Palomar-Westwood ( http://www.hotelpalomar-lawestwood.com) 10740 Wilshire Blvd at the Corner of Selby Avenue Meet over 200 adoptable VIP cats and kittens from LA Animal...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
In Case you have not heard Borders is Reorganizing via Chapter 11! In Case you have not heard Borders is Reorganizing via Chapter 11. I just received an email from Mike Edwards, President and CEO of Borders Inc. (www.borders.com) He blames or should I say references the ongoing impact of the difficult US economy in conjunction with the rapidly changing book selling environment. As some of you know I am an avid book reader as well as book collector. Two weeks ago one of my all time favorite independent bookstores closed their doors forever (The Mystery Book Store in Westwood outside UCLA) I did not blog about it I was just too sad about the turn of events. Borders on the other hand have been struggling for the past two years and it was just a matter of time when this was going to happen....
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Century City Condominium Market Report for December 2010. It was an interesting year some areas did poorly others did well. So let us see how Century City fared. There were 240 Active Condominiums on the Market for the month of December 2010. This was a 3% drop over the December 2009 numbers. Not significant but worth monitoring what the trend will be for the next few months. Supply is down 3 per cent and Demand is up 2 per cent. That is a very interesting number. This is a small increase in the confidence of buyers another number we should watch closely in the next few months to see if this trend continues.  An important statistic is the Days on Market. 83 per cent increase in Days on Market tells us that it takes longer to sell a Property; hence correct pricing is critical otherwise t...
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