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Encino, Sherman Oaks & hood living

News and events in Valley+Los Angeles. Housing. Style. Encino & Beyond

By Inna Ivchenko | Agent in Encino, CA
  • A letter of pre-qualification or pre-approval. What’s the difference?

    Posted Under: Home Buying in Los Angeles, Financing in Los Angeles  |  April 18, 2014 12:43 AM  |  391 views  |  No comments
    A pre-approval letter is more reliable than a pre-qualification letter.

    A pre-qualification letter has too many loopholes. It includes language such as “pending verification of buyer provided information.” Anyone can get a prequalification letter.  You just call a mortgage broker or lender, provide some basic financial information, then wait a few minutes for the letter to be emailed or faxed. Buyers can even get a pre-qualification letter from a Web site:  they enter some information, click "submit" and voilà! (Financial fast food. Want fries with that?)

    A pre-approval letter, on the other hand, has more substance, and it’s harder to obtain. It involves lender verification of the information provided by the buyer. Rather than taking the buyer’s word on faith, the lender will ask for documentation to confirm employment, income, the source of the buyer’s down payment and other aspects of their financial situation.

    Obtaining a pre-approval is more time-consuming than a pre-qualification letter, which is exactly why it carries more weight in the eyes of sellers and listing agents.
  • Home prices on the rise in California

    Posted Under: Market Conditions in Los Angeles, Home Buying in Los Angeles, Home Ownership in Los Angeles  |  March 8, 2013 3:55 PM  |  1,149 views  |  No comments

    Home prices on the rise in California

    After a year of sizable improvements to home prices nationwide, homeowners with properties for sale in Los Angeles County may be more confident in their ability to earn a profitable amount when unloading their property. The latest report from the California Association of Realtors found that higher home prices have made the market less affordable, but this indicates healthier conditions.

    CAR said that the percentage of buyers who could afford to purchase a median-priced existing home in the Golden State decreased to 48 percent in the final quarter of 2012, down slightly from the previous quarter when 49 percent could afford a property. This figure is also down from the fourth quarter of 2011, when 55 percent of residents could purchase a home comfortably.

    Despite the slight decline in affordability, the report noted that some markets in Southern California, including Los Angeles County, Napa, Ventura and Santa Cruz saw improvements on a quarter-over-quarter basis, but real estate in Santa Barbara, San Francisco and Monterey counties saw notable gains in home prices.

    The state's median price was $353,190, considerably higher than the national median. This required homebuyers to earn a minimum income of $66,940 each year to qualify for a mortgage in the last quarter of the year.


    If you would like to purchase a property in Los Angeles or Valley area, call me today.
    I will work hard to assist you with the most important purchase of your life. Put my experience to your benefit. Call me today to get started on your home buying search!
    /Click the link below to search for a properties/

    If you desided it is time for you to sell your house, call me now!
    I'll look out for your best interests, give you my professional opinion, and skillfully negotiate the top price for your house and  the whole transaction for you. With my expertise, knowledge, research and my team of dedicated professionals, your home is as good as sold.

    Inna Ivchenko

    www.innaivchenko.com

    Los Angeles/Valley Realtor, PSC, GRI. Specialization: Short Sales. # 01828994

    (310) 867-0698



  • Tax Facts Home Sellers Should Know

    Posted Under: Home Selling in Los Angeles, Rent vs Buy in Los Angeles, Property Q&A in Los Angeles  |  November 8, 2012 1:48 PM  |  922 views  |  No comments
    6 Tax Facts about your home you want to know!
  • LAPD Crime Mapping: up-to- date statistics at your fingerprints( select the area!)

    Posted Under: Quality of Life in Los Angeles, Crime & Safety in Los Angeles, In My Neighborhood in Los Angeles  |  October 21, 2012 1:55 AM  |  1,059 views  |  No comments

    Get up-to-date crime statistics for neighborhoods throughout Los Angeles. Being informed about crime in your community is the first step in preventing future occurrences.

    www.crimemapping.com

    The Los Angeles Police Department will directly feed its crime data to the Omega Group to ensure that each crime is reported accurately on the site. The records themselves are also put through an exclusive data scrubbing process that works to locate each crime incident geographically, to a hundred block.

    A link to the crime maps can be found at www.lapdonline.org, and by clicking on Crimemapping in the left navigation or the link above. Once on the Crimemapping.com site, users can “filter” crimes from a list of law enforcement agencies that provide data to the site, and click on Part One crimes for specific information such as the date and time each crime occurred. Important links are also provided, as well a feature that allows users to view crime trends and subscribe to receive free Crime Alerts via e-mail when new activity occurs in their area.

    From me: 

    I noticed many of you ask questions about crime situation in specific neighborhoods, so I thought, this information from LAPD ( up to day crime statistics and free updates) can be very helpful.

    www.crimemapping.com   WORKS FOR ANY STATE AND ANY NEIGHBORHOOD!

    Here,  how the Encino crime map looks~ {click to open the map}

    I believe, it is really impressive technologies, yet, it is easy to use.

    Stay safe and proactive!

    Inna:)

  • The Getty: places to visit while in LA

    Posted Under: Entertainment & Nightlife in Los Angeles, Parks & Recreation in Los Angeles, In My Neighborhood in Los Angeles  |  October 3, 2012 3:39 AM  |  927 views  |  No comments
    One of my favorite places to visit here, in Los Angeles is The Getty Center.
    Stunning architecture, beautiful views, and a standing collection that rivals some of the best in the USA .
    You'll find here special exhibits and events( movies, concerts, etc.), the gardens, the cafes, and an outstanding gift shop. 
    So much to do and see!

    the Getty
    This beautiful, sprawling complex designed by Richard Meier, took 14 years to plan, design and then build atop a mountain.
    You reach the area by a tram , located right outside the parking garage (it costs $15 to park, but the Getty Center is free).
    An architectural grid of 30-inch squares from Italy, well-placed circles, textures, water with free-formed rocks, and flora were deliberately placed, down to the travertine portal that "frames" the view toward the ocean and downtown of LA.




    1200 Getty Center Dr

    Los Angeles, CA 90049
    Neighborhood: Brentwood, Encino, along 405.
    (310) 440-7300



    Hours:

    Tue-Thu, Sun 10 am - 5:30 pm

    Fri 9 am - 9 pm

    Sat 10 am - 9 pm

    Tip: The Japanese Maze Garden is especially nice after dark.

  • Local Market Condition: Number of Homes Sold 2nd Q 2012 vs 2011

    Posted Under: Market Conditions in Los Angeles, Home Buying in Los Angeles, Home Selling in Los Angeles  |  September 22, 2012 12:32 AM  |  518 views  |  No comments

    Let me know what you think of these numbers!

    Residential Real Estate Sales are ...Hot!

    SINGLE- SINGLE-FAMILY HOMES | MARKET CLIMATE MAP | NUMBER of HOMES SOLD 2nd Quarter 2012 vs. 2011 

     Published August 12, 2012




    Hottest areas:
    red: over 30% increase in sales of homes:
    Westwood Centure City: 75% up!!!!!!!
    Park Hills Heights: 142%
    Playa Del Rey: 111.11%
    even Downtown LA: 68.18%!
    Others.

    While blue is more than 30% decrease: Playa Vista : 60% drop in sales ( but there are mostly condos in this area, so these numbers are not very meaningful)
    Pacific Palisades: 14.46% drop.

    All areas: 14.84% increase in number of homes sold for this period of 2012 vs 2011.

    While:
    Median price biggest increases:
    Malibu Beach: 106.57% ( MP: 6.1mln vs 2,950,000 in 2011 2Q)
    Beverly Hills: 65.30% ( MP: near 4.7mln vs 2830,000)
    etc.

    Median price decreases of a single family residence:
    Topanga: 29.04% down ( now MP is 755k vs 794k in 2011)
    Brentwood: 22.61% ( now MP is 1675,000 vs 2165,000 in 2011)
    ect.
    All areas: MP for single family residence this days dropped 4.9% comparing the same period of 2011.

    p.s. If you want this information in PDF, send me email with a subject line:
    Market Climate Map LA ( please specify: for condos or houses)
    and I'll send you 2 pages( Use only Adobe Reader to open!):
    1. Single Family Homes/Condos Market climate map : madian price 2nd quarter 2012 vs 2011;
    2. Single Family Homes/Condos Market climate map: number of homes sold 2nd quarter 2012 vs 2011.
  • Things to do in Los Angeles, CA ( 2012)

    Posted Under: Entertainment & Nightlife in Los Angeles, Parks & Recreation in Los Angeles, In My Neighborhood in Los Angeles  |  June 25, 2012 1:41 PM  |  770 views  |  No comments

    The L.A. Times put together a great list of 100 things to do this summer.  Below is a selection:

    The Los Angeles Film Festival - June 14 – 24

    The Festival opens with Woody Allen’s new movie “To Rome With Love” and includes discussions with creators of popular TV series.

    Roger Medearis at the Huntington Library – June 16 – September 17
    Painter Roger Medearis’ sculptures, landscape and life paintings.

    Fathers’ Day Post Game Catch at Dodger Stadium – June 17th
    The program will benefit the Prostate Cancer Foundation.  Nominate your Dad to be the MLB MVP.

    Dwell on Design at the L.A. Convention Center - June 22-24
    Dwell Magazine will showcase the best in modern design.

    Gay Men’s Chorus of Los Angeles Fade to Blue  -  June 23 and 24
    Lee Ann Rimes will join the Chorus at the Saban Theater to perform their first country show.

    Glen Campbell’s Goodbye Tour at The Hollywood Bowl  - June 24
    Special guests will join Country legend, Glen  Campbell, for his final tour.

    Griffith Park Free Shakespeare Festival   – June 28 – September 2
    This year the Independent Shakespeare Company will perform “The Winter’s Tale”, “A Midsummer Night’s Dream”, and “The Comedy of Errors.”

    Mr. & Mrs. Muscle Beach –  July 4

    Watch a competition between men and women who work their bodies, at the famous Muscle Beach in Venice.

    Pageant of the Masters – July 7 – August 31
    This is a drive, but if you haven’t been, definitely a must-see. Participants depict famous paintings.  You almost feel like you are looking at the real thing.

    The Santa Monica Pier Twilight Concert Series –  July 7 – September 8
    This is the 28th in the series of music on the pier.  You can listen, dance, wherever the mood takes you.

    CitySolve Urban Race Los Angeles Ultimate Urban Adventure Race – July 21
    Participate in your own “Amazing Race”, a scavenger hunt solving clues and exploring Los Angeles at the same time.

    Nike 3-on-3 Basketball Tournament – August 4 – 5
    Grab two friends and enter the tournament near the Staples Center.

    Tchaikovsky and Fireworks and the Hollywood Bowl – September 7 and 8
    An annual tradition under the stars.

    Feel free to share/add  other things you think are worth knowing about this summer!

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