via youtube.com
Take a tour of Two Rodeo Drive in Beverly Hills the Sunday Before Christmas.
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Showing posts with label Beverly Hills 90210. Show all posts
Showing posts with label Beverly Hills 90210. Show all posts
Sunday, December 23, 2012
Monday, September 17, 2012
My Secret Hidden Gems of Beverly Hills & Los Angeles for NBC LXTV Open House.
via youtube.com
My Secret Hidden Gems of Beverly Hills & Los Angeles for NBC LXTV Open House.
The Virginia Robinson Garden in Beverly Hills
The Frederick R. Weisman Foundation Gallery in Holmby Hills
The Conservatory Grill at The Montage in Beverly Hills
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Saturday, January 28, 2012
Housing Inventory In the US Ends Year Down 22%
By Nick Timiraos
There were fewer homes listed for sale at the end of 2011 than in any of the previous four years, a positive sign for the housing sector.
But appearances can be deceiving, and it remains to be seen whether the drop is the beginning of a real recovery or if inventory is being held down by sellers waiting for prices to pick up and banks moving slowly on foreclosures.
The 1.89 million homes on the market at the end of December represented a 6% decline from November and a 22.3% decline from one year ago, according to data compiled by Realtor.com.
Low inventories are an important ingredient for any housing recovery because prices could firm up in markets that have worked through their inventory.
Still, some real-estate agents aren’t celebrating because there’s a large backlog of potential foreclosures that haven’t yet been taken back and listed by banks. The inventory declines are particularly pronounced in certain states where banks have sharply slowed down foreclosures to correct document-handling abuses.
Moreover, some sellers have pulled their homes off the market to wait for a turn in prices, and that “pent up” demand from sellers could keep inventories higher once prices do rise.
Inventories were down for the year in all but one of the 145 markets tracked by Realtor.com, with Springfield, Ill., posting the only year-over-year inventory gain. The largest declines were recorded in Miami (-49.7%), Phoenix (-49.1%), and Bakersfield, Calif. (-46.6%).
The Realtor.com figures include sale listings from more than 900 multiple-listing services across the country. They don’t cover all homes for sale, including those that are “for sale by owner” and newly constructed homes that aren’t always listed by the services.
Nationally, median prices were down by 1% from November but up 5% from one year ago. Asking prices rose by 32.5% in Miami last year, with big increases in other Florida markets that include Naples (21.7%), Fort Myers-Cape Coral (21.5%), and Punta Gorda (19.4%).
Median asking prices fell from year-earlier levels in Detroit (-11%), Chicago (-10%), Las Vegas (-7.6%) and Sacramento, Calif. (-7%).
Inventories traditionally decline in December as sales slow during the holiday season. Listings have declined by 11% in December over the past 29 years, according to research firm Zelman & Associates.
Follow Nick @NickTimiraos
via blogs.wsj.com
Housing Inventory In the US Ends Year Down 22% . That is the biggest problem in the Los Angeles, Beverly Hills Real Estate market, we have so many buyers looking for homes and not enough good homes on the market.
Los Angeles, Platinum Triangle, Beverly Hills, Real Estate, 90210, Bel Air, Holmby Hills, Sunset Strip, Hollywood Hills, Luxury Estates, Mansions, Celebrity Homes, Homes For Sale, Listings, Realtor, Real Estate For sale, Luxury Homes, Los Angeles Realtor, Bel Air Real Estate, Christophe Choo, http://www.ChristopheChoo.com, beverly Hills real estate agent, Beverly Hills Realtor
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Thursday, September 1, 2011
3 Ways to Protect Your Escrow Deposit | Los Angeles-Platinum Triangle-Beverly Hills-Real Estate-90210-Bel Air-Holmby Hills-Sunset Strip-Hollywood Hills-Luxury Estates-Mansions-Celebrity Homes-Homes For Sale-Listings-Realtor-Real Estate – http://www.Chri
You’ve made an offer on a property, the seller has accepted, and you’re ‘in contract. Now it’s time to put your money where your mouth is, as the saying goes.
At this stage of the game, the buyer puts a deposit into an escrow account (it is not given directly to the seller). The more serious you are, the more of a deposit you’ll put up, usually maxing out at 3 percent of the agreed-upon price. As a listing agent, I’m always skeptical of a buyer who puts down a small deposit of, say, $500 or $1,000.
The deposit is a good-faith gesture to the seller, indicating you’re serious about buying their home. Once deposited, this money can’t be moved or touched without written consent from both buyer and seller. Upon the close of escrow, the earnest money deposit is applied to the balance of the down payment.
That doesn’t mean you can’t get your deposit back — or lose it, if you aren’t careful. From the time you put up the deposit until you close escrow, a lot can happen.
Here are the top 3 ways to protect your deposit.
1. Get to know the property during inspection.
Every house, no matter if it’s a 100-year-old Victorian or a modern marvel, should have some type of home inspection before it’s sold. Your contract should include a “contingency” for such an inspection, to protect you from unwittingly buying a money pit.
In an older home, the inspector will look at the foundation, the roof, and everything in between. You can have specialized inspectors go through the property as well, such as a heating, ventilation and air conditioning (HVAC) specialist, a pool inspector, a termite inspector, or a structural engineer, if the property merits it. Even in a new condo, you’ll want to make sure the appliances work, that there are enough electrical outlets, and that they are in working condition.
Bottom line:
Use an inspection to really get to know the ins and outs of your potential home to avoid costly surprises later.
Should the inspection uncover some problems, it’s time to decide if you can live with them or not. Inspection contingencies are often so general that the buyer can get out of the contract and have their full deposit returned. In fact, I always tell buyers that the property inspection contingency is their “get out of jail free” card. Because the contingency is often so broad, I’ve seen buyers use it as a way to walk away from a home they’ve had second thoughts about, without losing their deposit — even when the home is in great condition. It avoids home buyer’s regrets.
2. Get written notice that your loan has been approved and make sure the property doesn’t appraise for less than the purchase price.
Given tougher lending standards since the credit crisis, the appraisal/loan contingency is more important than ever.
You must have a contingency clause that allows you, the buyer, to receive full written approval from the bank for your loan. If your loan broker isn’t willing or able to give you written notice that your loan has been fully approved, do not remove this contingency. If you do, you risk forfeiting your deposit. I’ve seen lenders pull out or deny the loan at the last minute — like the day before they’re set to fund.
To protect your deposit, grill the loan broker and don’t feel pressured by the seller to move ahead. It’s absolutely appropriate to ask the seller for an extension if you need one. Everyone in the transaction should want to work together to make the deal go through. But if you sign off that you’re approved and then you’re denied a loan, you risk losing your deposit.
An appraisal contingency should be added to the loan contingency as well. The property needs to appraise at no less than the purchase price. Some buyers have a larger down payment and they may get loan approval even if the property appraisal comes in low. This isn’t good news. And as the buyer, you should be able to walk away or renegotiate the purchase price if the appraised value is less than the contract price.
3. Review the property disclosures carefully.
Along with property inspections, sellers are required in most real estate markets to complete a series of disclosures regarding their knowledge of and experience with the property. By law, sellers are required to disclose property defects, neighborhood nuisances, or anything that would negatively affect the property. Additionally, you should have the opportunity to review any local or state reports like a building permit history or a flood/earthquake map.
You should receive the seller’s disclosures and any required reports soon after your offer is accepted. In some markets, you may receive these disclosures before you make an offer. If you discover something negative about the property, this is your chance to say “no thanks” to the seller.
However, you’ll be required to sign off on these disclosures and reports. Once you’ve done that, your deposit is at risk. So take your time. Review everything carefully. Don’t be afraid to ask questions about what you’ve learned. If you feel something is vague, or if a particular disclosure brings up an issue for you, investigate it. Go back to the listing agent or the seller and ask for additional documentation, because your deposit is at stake.
For example, in one case, a seller disclosed there was some leaking in one window in the rear of the house. On the surface, it appeared to be a small leak. Upon further discussion and investigation, however, it was discovered that the leak was part of a much bigger roof and gutter/dry rot problem.
Thousands of dollars are at stake
Depending upon a home’s price, a buyer’s earnest money deposit can be a significant sum. A 3 percent deposit on a $450,000 property, for example, would be $13,500. That’s not the kind of money most people would want to lose. So take your time as you move from offer to contract to closing.
Brendon DeSimone is a Realtor and real estate expert based in San Francisco and New York. He is a contributor to Zillow Blog, has collaborated on multiple real estate books and is often quoted by major media outlets. You can follow Brendon on Twitter.
via zillow.com
3 Ways to Protect Your Escrow Deposit | Los Angeles-Platinum Triangle-Beverly Hills-Real Estate-90210-Bel Air-Holmby Hills-Sunset Strip-Hollywood Hills-Luxury Estates-Mansions-Celebrity Homes-Homes For Sale-Listings-Realtor-Real Estate – http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Sunday, January 9, 2011
Beverly Hills foreclosure listed at $16.95 million now on the market for $8.59 million. In search of the largest foreclosures. Los Angeles-Platnium Triangle-Beverly Hills-Bel Air-Holmby HIlls-Luxury Estates-Homes For Sale-Listings-Realtor-Real Estate -htt
Beverly Hills foreclosure listed at $16.95 million now on the market for $8.59 million. In search of the largest foreclosures. Beverly Hills and the 90210 correction.
Financially California is staring into a dark and deep economic abyss. Even if we start adding jobs at a fast pace it is likely to do very little for the housing market simply because the jobs being added do not have the income potential of the real estate heavy jobs during the housing bubble. Inflated home prices equaled inflated paychecks for many. It is hard to see a sudden surge in real estate values based on recent job growth trends. What is troubling is that even if the nationwide economy picks up California is likely to face structural problems because of looming liabilities. California needs to figure out a way to grow even faster merely to pay for stated expenses. The upper crust of the housing market is seeing large foreclosures hitting the market. Today we will take a look at another Beverly Hills foreclosure that is the biggest foreclosure we have covered on the blog.
Beverly Hills and the $16,950,000 foreclosure
2600 BOWMONT DR, Beverly Hills, CA 90210
Beds: 7
Baths: 8/1
Square feet: 10,000
Lot size: 1 acre
Let me start off by saying this is a great looking place by any measure. A large Beverly Hills home with all the amenities a buyer can ask for. Yet this home is part of the grim foreclosure statistics. It is interesting that the upper range of the housing market has stalled out with an intense ferocity. FHA insured loans or non-jumbo mortgages do not provide any support here. In our current housing market to purchase a home like this will require substantial document income. No aspiring actor making $1 million a year and loading up on an option ARM here. It was amazing that back in the bubble days we were seeing multi-million dollar loans from lenders like Washington Mutual going with nearly zero down. No wonder why these lenders went extinct.
Let us marvel at this home before moving on to the details:
“Nice rug.”
“Nice rug.”
“Nice view.”
This is definitely what you would consider a prime Southern California home. But apparently things are not moving so quickly. Let us look at the description:
“Lender Owned~Sequestered in a sml gated community resides this 10,000+ SF Contemporary Medit masterpiece. Features 7 bds, 8.5 ba~s + guest apt behind prvt gates w/ stunning city, canyon & valley views. Superior craftsmanship & sophisticated design in every corner of this well appointed homage to modern living. Grand vol & scale throughout. Stately columns, hand painted ceil & 2 stry entry lead to lrg LR, DR & FR w/ soaring ceilings, fplc & wall of windows. Lrg center isle eat in kit w/ Arclinea cabinets, 2 Elkay sinks, granite cntrs, side by side Subzero freezer & fridge, Miele oven & fpl. Spectac mstr suite w/ hrd wd flrs, fplc, prvt terr & huge walk-in closets. Top of the line amenities turn spacious his & her mstr baths into sophisticated personal spas. Covered loggia, rolling green lawns, well-designed pool & spa, outdoor kit w/ BBQ. Guest apt w/ full ba, walk in closet, prvt terr & sep entry. Motor crt & 5 car garage, Crestron Advantage System & CAT5 wiring. Orig listed at $16,950,000.”
This place was originally listed at $16,950,000 so I know many of you are already getting your checkbooks ready. How much action has taken place with the listing price? Let us take a look:
Little by little the price has come down. From a listing price of $16.95 million to $8.59 million. This is a 50 percent price drop in Beverly Hills! As we all know the upper end of the housing market is still largely in a housing bubble. If this home was perceived as being worth $16 million it would have sold to someone that would be in the market for a $16 million home. Of course the pool of buyers for this home is extremely small.
Let us look at some older sales history:
Source: Redfin
The place sold at a foreclosure auction in July of 2010 for $7.75 million. The current list price is still $845,000 over the foreclosure auction price. Assuming a six percent commission any profits on the second go around are getting slimmer.
Anyone in the market for a $16 million home for $8 million?
Today we salute Beverly Hills with our Real Homes of Genius Award.
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8 Jan, 2011 Keeping up with the Joneses, alt-a, banking, debt, housing 2011, million dollar homes, real-estate, real-homes-of-genius, southern-california-housing
Beverly Hills foreclosure listed at $16.95 million now on the market for $8.59 million. In search of the largest foreclosures. Los Angeles-Platnium Triangle-Beverly Hills-Bel Air-Holmby HIlls-Luxury Estates-Homes For Sale-Listings-Realtor-Real Estate -http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Wednesday, December 22, 2010
Sign up to get your FREE report on How Is The Real Estate Market in My Area? - Beverly Hills Real Estate-Beverly Hills Homes For Sale Luxury - Los Angeles-Platinum Triangle-Beverly Hills-Bel Air-Holmby Hills-Sunset Strip-Luxury Estates-Homes For Sale-List
Sign up to get your FREE report on How Is The Real Estate Market in My Area? - Beverly Hills Real Estate-Beverly Hills Homes For Sale Luxury - Los Angeles-Platinum Triangle-Beverly Hills-Bel Air-Holmby Hills-Sunset Strip-Luxury Estates-Homes For Sale-Listings-Realtor-Real Estate - http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Friday, August 13, 2010
Wednesday, August 11, 2010
We closed another escrow in the Holmby Hills section of the Platinum Triangle in Los Angeles across from the Playboy Mansion. Listed for $12,500,000 | Los Angeles Luxury Homes-Bel Air-Holmby Hills-Beverly Hills-Homes-Realtor-Real Estate-http://www.Christo
We closed another escrow in the Holmby Hills section of the Platinum Triangle in Los Angeles across from the Playboy Mansion. Listed for $12,500,000 and we represented an all cash buyer. Now that my clients are the new owners and neighbors with High Heffner, I think they will be invited to all the bunny parties! LOL! | Los Angeles Luxury Homes-Bel Air-Holmby Hills-Beverly Hills-Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Leeza Gibbons buys $6.6 million home in Beverly Hills. Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Leeza Gibbons buys $6.6 million home in Beverly Hills
Published: Tuesday, August 10, 2010, 12:53 PM Updated: Tuesday, August 10, 2010, 1:54 PM
Dan Steinberg / AP PhotoTelevision host Leeza Gibbons arrives at the World Wrestling Entertainment SummerSlam kick off party benefiting Betty's Battle in Los Angeles on Friday, Aug. 21, 2009.
Talk-show host Leeza Gibbons bought a new home in the 90210 zip code near neighbors such as David Geffen, Mike Ovitz, and David and Victoria Beckham.
According to the Realestalker, Gibbon's new digs measures 6,579 square feet with 5 bedrooms and 5 and half bathrooms. Additional amenities include a small gated motor court and 3-car garage, 4 fireplaces and staff quarters. Check out photos of her place. [Real Estalker]
The Los Angeles Times reports Gibbons sold her longtime Hollywood Hills compound for $4,795,000. Owned in the 1940s by actress Joan Crawford, the 11,137-square-foot Mediterranean is set behind gates on more than an acre of land. The main house, built in 1926, has seven bedrooms and eight bathrooms in three stories. [Los Angeles Times]
Gibbons owned Crawford's property since 1991. She bought the house for $1,995,000. Check out photos of this house. [Luxist]
What do you think of Leeza Gibbon's home?
Related links:
» Check out Mel Gibson's Malibu home.
» Have a look at Dr. Phil's Alamo style home.
Leeza Gibbons buys $6.6 million home in Beverly Hills. Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Tuesday, August 10, 2010
Beverly Hills Residents Outlive Most in L.A. County by 5.3 years. Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Residents of Beverly Hills can expect to live an average of 5.3 years longer than other L.A. County residents, according to a report released by the Department of Public Health.
The report Life Expectancy in Los Angeles County: How long do we live and why? analyzed data collected between 1991 and 2006 to show that while life expectancy in the county has been on a steady climb, "substantial disparities continue to exist."
Most county residents can expect to live 80.3 years. Beverly Hills seniors, however, live an average of 85.6 years. The city came in third place for the highest life expectancy rate in L.A. County, after La Canada Flintridge and Walnut.
Jane Winston, Senior Recreation Supervisor at Roxbury Park Community Center, says that Beverly Hills seniors stay healthy and active by taking advantage of the many senior-focused recreational activities offered by the city, from aerobics to sculpting.
"They care what they look like and feel like," Winston said. "They go to good doctors. They take advantage of the library, and they're well educated usually. They love current events."
Geography, ethnicity and financial status still play a large role in determining one's life span. The report highlighted a "strong correlation between economic hardship and life expectancy," claiming that earlier death "is higher among those who are poor, who have less education, and who have less social support and fewer economic resources."
Beverly Hills ranked as the county's 10th most affluent city in the same Public Health report (behind the likes of Hermosa Beach, Manhattan Beach and Redondo Beach, which ranked one, two and three).
But just 15 miles away from Beverly Hills in South Los Angeles, residents of Westmont—which ranked 91st for economic status—face the county's lowest life expectancy rate of 72.4 years.
"Average life expectancy is one of the most fundamental measures of the health of a population and community," said Jonathon Fielding, Director of Public Health, as quoted in the report.
Classes, activities and entertainment at the Roxbury Recreation Center include current events discussions, creative writing, origami, yoga, and stretch and tone classes. More information can be found on the Senior Programs section of the Roxbury website.
Beverly Hills Residents Outlive Most in L.A. County by 5.3 years. Could it be the water, the air, the weather????
Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Friday, August 6, 2010
La Terrasse, Beverly Hills Luxury Living | The newest condo project in Beverly Hills | Beverly Hills Homes-Condominiums-Realtor-Real Estate-http://www.ChristopheChoo.com
La Terrasse, Beverly Hills Luxury Living | The newest condo project in Beverly Hills | Beverly Hills Homes-Condominiums-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
The 11 Most Expensive Homes You Can Buy Right Now | Los Angeles-Beverly Hills Luxury Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
The 11 Most Expensive Homes You Can Buy Right Now | Los Angeles-Beverly Hills Luxury Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Thursday, August 5, 2010
Wednesday, August 4, 2010
Graphing 100 years of the roller coaster ride of U.S. home values | Los Angeles Luxury Homes-Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
via agentgenius.com
Graphing 100 years of the roller coaster ride of U.S. home values | Los Angeles Luxury Homes-Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
10 year History of US Home Values | Los Angeles Luxury Homes-Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
via ritholtz.com
10 year History of US Home Values | Los Angeles Luxury Homes-Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Monday, August 2, 2010
Spago Beverly Hills :: Wolfgang Puck Seasonal American Restaurant. THE place for lunch in Beverly Hills, especially on Friday where it is like a private club with all the regulars. Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
via wolfgangpuck.com
Spago Beverly Hills :: Wolfgang Puck Seasonal American Restaurant. THE place for lunch in Beverly Hills, especially on Friday where it is like a private club with all the regulars. I have been a huge fan of Wolgang Puck since he was first the chef at the old Ma Maison, back in the 80's, "remember that old place" Well I have now been a Spago regular for over 30 years and I am so lucky that it is just 1 block down the street from my office. WIth the great food, Wolfgang almost always there to visit with and my regular waiters and the awesome staff...it is about as good as it gets! Come bye and visit sometime! Beverly Hills Homes-Realtor-Real Estate-http://www.ChristopheChoo.com
Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale
Thursday, July 29, 2010
SOLD twice in 11 months! 424 Robert Lane, Beverly Hills, CA 90210 - presented by CHRISTOPHE CHOO Real Estate Group Beverly Hills. Beverly Hills Homes-Realtor-Beverly Hills Real Estate-http://www.ChristopheChoo.com
SOLD twice in 11 months! I first SOLD this home in the summer of 2009 to clients from Europe and I just re-sold it again this time representing BOTH the buyer and seller. If you are looking for results in selling your home or want and expert to help you find your next luxury home or property, please contact my office at (310)777-6342
424 Robert Lane, Beverly Hills, CA 90210 - presented by CHRISTOPHE CHOO Real Estate Group Beverly Hills. Beverly Hills Homes-Realtor-Beverly Hills Real Estate-http://www.ChristopheChoo.com
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