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Endre Barath,Jr.'s Blog

By Endre Barath,Jr. | Agent in Beverly Hills, CA
  • An unusual tree in Los Angeles, CA 90045

    Posted Under: General Area in Los Angeles, Home Buying in Los Angeles, In My Neighborhood in Los Angeles  |  June 26, 2014 5:54 PM  |  109 views  |  No comments

     An unusual tree in Los Angeles, CA 90045. On a side note I have never seen a tree like this and would love to know the name....


     have you ever seen a tree with blooms like this? It is not a Jacaranda, it is not a Tulip tree so any arborists out there? Please share with us.




    If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

  • How much would you pay for this view? 6993 La Presa Dr, Outpost Estates...

    Posted Under: Home Buying in Los Angeles, Home Selling in Los Angeles, Investment Properties in Los Angeles  |  June 26, 2014 5:50 PM  |  103 views  |  No comments

    How much would you pay for this view? 6993 La Presa Drive, Los Angeles, CA 90068

     

     

    Yesterday, I was at a Probate Auction in the coveted Outpost Estates. The actual address was 6993 La Presa Drive, Los Angeles, CA 90068, some of you who read my blog posts on a consistent basis; know I have written about the benefit of living in Outpost Estates. In case you missed one of them check out this link        http://actvra.in/HRS

              

    This property was marketed for the past three week through all the venues Realtors get the word out. My client, his architect and his partner we all went and saw this property at least twice prior to bidding. I did my market research and based on the most recent comps determined that a new home on the size of land could command a huge dollar amount. Having stayed close to all the activity I was aware that there were at least fifty or more people who spent time at the property. Now keep in mind these were just the ones that signed in. I suspect another twenty five or more went at different times.

    Clearly there would be a lot of people present for the auction. This was a no contingency best and highest price auction. All investigation had to be done in advance as to size, and what could actually be built here and needless to say the ability to perform was indicated by bringing a Cashier’s Check for $10,000 to be allowed to bid and having a blank check to be able to write the difference of the 10% of the accepted bid.

    Keep in mind the lot size was about 18,000 sq ft and the house as far as I was concerned was a total teardown.  He property was underpriced and was listed at $699,000. I did the research and shared the comps with my client. I anticipated the highest value to be around $1,200,000. They felt that they would be willing to go to $850,000. For that price I thought it would be a great upside to it. I suspected the property will go out somewhere around $950,000-$1,000,000.

    The bidding was moving slow and started sputtering around $800,000. It looked promising at this point. Then there were three people who did not even step into the bidding until this point. Needless to say then it took off like a rocket ship to about $1,150,000. Then there were only two bidders left and would you believe it the winning bid was $1,270,000.

    Although I was disappointed that we did not win the bid, I felt clearly vindicated and my clients understood that the value in the Greater Los Angeles Real Estate market is there for not only buying but creating some fantastic properties.

    After all isn’t this a $5million dollar view once it is done?


    If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

  • Day in the life of a Los Angeles Realtor: The challenges of staying ahead....

    Posted Under: General Area in Los Angeles, Quality of Life in Los Angeles, Tech Tips in Los Angeles  |  June 26, 2014 5:46 PM  |  158 views  |  No comments

    Day in the life of a Los Angeles Realtor: Challenges of staying ahead of the new technology.

    I have written more than once about how we as Realtors are always in the forefront of new technology. We are so obsessed with wanting to provide the best client service to our potential buyers as well as potential sellers that we tend to get the newest gadgets to provide faster and better information to our clients.

    Then there is another prevailing thought that influences us:  that is, if it works why change it? As most of you know I have been a loyal BlackBerry customer since they first came out with their smart phone. Once I got used to switching from a standard LG flip phone I was hooked. Hard to comprehend that has been over twelve plus years (if memory serves me right).

    I have had my BB Bold which served me well for most of what I needed which consisted of sending emails, as well as texting and answering the phone. I resisted the iPhone trend and I did not see a reason to jump ship and go to a different smart phone.

    Well long and short of it, there were comments from lenders, fellow agents, friends, clients and just in general from people I came in contact when will I come out of the stone ages? I kept reading about the trials and tribulations of the company and finally felt that change will be necessary.

    There were a few events as some of you know which pushed me over: 1. I started getting my email 15-30 minutes later. Verizon was pointing fingers at Godaddy, they in turn were pointing the fingers at BlackBerry and the finger pointing continued. 2. This was followed by the email servers going down which affected Verizon & BlackBerry as you know I was on the phone with all three for over 4.5-5hrs. Clearly I was of the impression that everything was fixed.   Sadly, that was not the case and now I realized that support was lacking at two out of the three places. 3. It was obvious to me, that these technological challenges were now affecting my client service. Therefore I need to rectify this problem ASAP.

    I have never been a fan of herd mentality. I needed a phone that seems to be functional and now with that said I jumped on the bandwagon that millions of Galaxy S5 owners cannot all be wrong.

    As I was setting up my phone, I discovered that Verizon actually knew that there was a 15 minute delays of providing emails to smart phones, but they failed to disclose this to me. How interesting it made me ponder:  Were this just a few bad Tech Support people or was this more intentionally trying to damage the reputation of BB? Why was the BB Tech Support person not aware that this is done by Verizon? Had they both been clear and straightforward in their clarification I might not have the new Galaxy S5.


    This of course made me think how important it is for us Realtors, that we convey our knowledge of the factors that influence Real Estate Values when we represent buyers or sellers. If we do not come across as trusted advisors, the buyers or sellers might not listen to us and they might lose out of a property and they might not sell their property all because we were not clear of the Real Estate Market in that pocket we were discussing.

    If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly 

  • Just Listed in the Trendy Sunset Strip area of Los Angeles! Fantastic View Lot!

    Posted Under: Quality of Life in Los Angeles, Home Selling in Los Angeles, Investment Properties in Los Angeles  |  June 8, 2014 3:55 PM  |  164 views  |  No comments

    Just Listed in the Trendy Sunset Strip Area of Los Angeles: Fantastic View Lot!

    Another fantastic postcard view of Downtown Los Angeles!!

    Endre Barath, Los Angeles Land specialist


     

    ADDRESS:   1601 Mountcrest , LOS ANGELES ,CA    90069

     

    LP:  $279,000  

     

     

       

     

     

     

    RESIDENTIAL LAND

    AREA: (3) Sunset Strip - Hollywood Hills West

    MLS#: 14-765613

    MAP: 592/H4

    APN:  5558-017-031

    SUB: 

    GAS: Other

    WATER: In Street

    ELECTRIC: In Street

    ADP: No

    ZONE: LAR1

    TELEPHONE: No

    TV/CABLE: No

    SEWER: 

    APX ACREAGE: N/A

    VIEW: Yes

    STAKED: No

    APX LDM: 

    APX LSZ: 5,119/VN

       
       

     


    DIRECTIONS: North of Sunset Blvd, head West on Franklin and North on to Mountcrest.

    REMARKS: Fantastic neighborhood with spectacular views in a multi million dollar neighborhood. There is a lot nearby also on the market for a much higher price point. Lot is close to all the Utilities, water, electric and sewer. Great for an owner user or a developer. Contact listing agent for additional information

     

     

    If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites athttp://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

  • What does it take to be a successful agent?

    What does it take to be a successful agent? What is success? 

    One of my fellow Active Rain members asked the simple question: what does it take to be a successful agent? This made me pause: What is success? To many the definition of success is the accumulation of wealth, money and or other material things. To others it is fame or some sort of recognition. To many people the definition of success could be compared to reaching the top of the mountain!

    top of the mountainImage courtesy of pat138241 / FreeDigitalPhotos.net

    To me this has never been a long term “goal” to reach the top of the mountain that is, because then where do you go from there? The only place is to go downhill or alternatively you have to look for a bigger mountain and once that is achieved then what? I am sure you get my point…

    To me success is not a destination place rather it is a continuous Journey with many twists and turns and many peaks and valleys. Keeping in mind I do like comfort, luxury and nice toys but that is not the goal and that is not how I measure success.

    winding road

    Image courtesy of satit_srihin / FreeDigitalPhotos.net

     

    I measure my success based on knowing that I gave one hundred per cent client service. Knowing that I did the best for my clients when I represented them in their purchase or sale of their home is my benchmark that I am a success. Keeping in mind not all clients rant and rave about how wonderful I was in giving them sound advice in their Real Estate Transaction. The ones who do verbalize it, I am grateful for the fact that not only did they recognize it but they acknowledged it too!

    Many years ago I saw Thomas Keller the Word Famous Chef of Bouchon and French Laundry and others fame. He made a statement which resonated with me, that there were times when he cooked a fantastic meal and no one praised it or they sent it back to the kitchen…then there were other times he received accolades for making a fantastic meal and he thought it was not his best… The message was clear he knew when he made the best meals and when he did not and that is all that mattered. The rest was either a bonus or not that important. So with that said I know I am a Successful Realtor, because I always look out for the best interest of my clients whether they thank me or not is not the most important aspect of what I do. I know I give them 100%effort and good advice, hence I am a Successful Realtor in the greater Los Angeles area!

     

    If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites athttp://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

  • When do you know you are ready to buy a home?You will know!

    Posted Under: Home Buying in Los Angeles, Rent vs Buy in Los Angeles, Property Q&A in Los Angeles  |  June 8, 2014 3:46 PM  |  176 views  |  No comments

    When do you know you are ready to buy a home?  It is like learning to swim: you will know! This post was inspired by one of my Active Rain friends asking the question: when will you be ready to swim?

    For many people this is the age old question: when do you know that you are ready to buy a home? The answer is: you will know! Clearly the answer is not as simple as it sounds.

    For most people there are concerns on many levels. Do they have enough cash down payment to afford the monthly mortgage, taxes and insurance? Do they feel they can handle the responsibility of home ownership? These and many similar questions are not only valid and but it is key in determining the motivation whether you are they ready to swim or not? A question metaphorically raised by individuals who are contemplating a home purchase.

    Buyer Pondering questions

     

    Image courtesy of Master isolated images / FreeDigitalPhotos.net

    Some people contemplate or should I say focus on making a change, because they are unhappy where they are living. For example some of this unhappiness is created by their landlord who  keeps raising their rent and not responding to concerns or issues reference, noise, safety, security and maintenance to name a few  of the points.

    Then there are others who see that people around them who rent remain in a vicious cycle of not having the ability to save up more money for a down payment, because the rents are increasing and so are all the cost of living items. Hence they keep watching as prices of homes are increasing and decide they better buy now, or they will be totally priced out of the market.

    There are potential buyers who are concerned that the interest rates will skyrocket and they will never have the opportunity to buy a home based on their income and family situation, so they decide it is time to buy a home.

    My parents got tired of Landlords telling them what they could or could not do. Then to boot the continuous rent increases were annoying too. Hence my father decided to take the jump in buying a home. That was one of the best decision he made in his life, at least he used to tell me this over and overJ.

     Now with that said:  When did I decide it was time to take the proverbial “dive” into home ownership? Having been in three different Universities and then joining the US Army and traveling on my own for about five years, I could safely say I have been independent and on my own for about ten years.

    I returned home to my parents’ home to. Keep in mind my bedroom was converted to my mother’s art studio. Needless to say not wanting to disrupt her private domain I moved into my father’s office. Add to this, I just returned from Germany as an Airborne Ranger, Infantry Captain and a  Veteran  not just of the military but of lots of fun times all over the US and EuropeJ.

    After about two weeks I knew it was time to buy my own home! Not having saved any money because of the fun I had all over the world, my father agreed as well it was time for me to have my own home. He graciously provided me with the down payment for my home as well as the closing costs. So like I said in the beginning of this post “You will know when it is time”J

    If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites athttp://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

  • Sending the right message is critical in any business particularly in Real Estate

    Posted Under: Home Buying in Beverly Hills, Home Selling in Beverly Hills, Investment Properties in Beverly Hills  |  June 8, 2014 3:43 PM  |  168 views  |  No comments

    Sending the right message is critical in any business particularly in Real Estate....

    I have always believed, preached and lived by the Motto: I Provide 100 Per Cent Client Service and I am your Trusted Advisor in all matters related to Real Estate Purchase or Sale! This has been my message and I have not only believed it but practiced it day in and day out. My clients understood this and knew they could email me day or night and they would get a response back relatively quickly. This has been my message my entire life in the client service industry and in particularly  being a Realtor in Los Angeles and facilitating  Real Estate Sales & Purchases in the Greater Los Angeles area. The customer service is critical everywhere. In the Greater Los Angeles area I believe it is more so, since the price points are so much higher therefore the expectations are higher as well.

    Anyway other business has to live or die by this motto as well. That of course it is not enough, they also need to send the right message.

    magic restroom cafe'

    Last October as in 2013 a New Restaurant opened up with much “fan fare” the restaurant was called: “The Magic Restroom Café”. Saw it on the news, their seats were Toilet Seats, the food was served in mini Toilet Bowls….somehow I did not have urge, want or desire to visit this restaurant. Having Udon Noodles & Popcorn Shrimp served in mini Toilet Bowls and being seated on Toilet Seats in the Restaurant is not what I had envisioned as a good time going out to dinner… I clearly felt the Message was wrong and I did not even want to blog about it until now...

    http://la.eater.com/tags/magic-restroom-cafe

    Well here we are eight months later and “The Magic Restroom Café” in the City of Industry has closed its doors. The headlines in the Food Blog Posts are “Magic Restroom Café Craps Out” well I was not surprised. Quite frankly I was amazed it lasted this long with the wrong message.

    magic restroom cafe'

    So what is your message to your clients? My message is: I am your Trusted Advisor in all matters related to Real Estate Purchase or Sale and I will provide 100 per cent Client Service!


    If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

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