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Sergey Fednov's Blog

By SERGEY FEDNOV *** 424-777-9377 | Agent in Beverly Hills, CA
  • Martin Johnson, lead singer and songwriter for Boys Like Girls, has put his Studio City home up for sale at $1.1 million.

    Posted Under: Home Buying in Studio City, Home Selling in Studio City, Celebrity Homes in Studio City  |  June 5, 2013 2:54 PM  |  365 views  |  No comments

    Martin Johnson, lead singer and songwriter for Boys Like Girls, has put his Studio City home up for sale at $1.1 million.

    The three-story contemporary, built in 1978, features vaulted ceilings, balconies, canyon views, two fireplaces, two bedrooms, 2.5 bathrooms and 2,681 square feet of living space. The more than quarter-acre lot has fruit trees, a lawn and a hot tub.

    Boys Like Girls released a self-titled album in 2006, "Love Drunk" in 2009 and "Crazy World" last year. Johnson has worked with Taylor Swift and Hannah Montana, among others, as a songwriter and producer.


    ____________________

    Help with Any Real Estate Transaction - Buy or Sell 

    Call me 424-777-9377 -  FREE CONSULTATION! 



    Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

    Sergey Fednov - Trust Sale










    Sergey Fednov

    President - Realtor®
    - Trust Sale Realty -

    Residential & Commercial Real Estate
    _______________________________
    Toll Free: 1-855-TRUST-55
    Toll Free: 1-855-878-7855
    Phone: 424-777-9377
    Fax: 310-356-4925
    www.TrustSale.com 
    Lic# 01896869
    TrustSale.com

  • Zack Greinke has bought a gated home in Studio City for $4.575 million.

    Posted Under: Home Buying in Studio City, Home Selling in Studio City, Celebrity Homes in Studio City  |  June 5, 2013 2:39 PM  |  377 views  |  No comments

    Zack Greinke has bought a gated home in Studio City for $4.575 million.

    The Craftsman-style two-structure compound, built last year, features an art studio, bar, gym, library/study, media room, seven bedrooms, nine full bathrooms and two powder rooms. The more than 1 acre of grounds includes a nine-car motor court, swimming pool and a waterfall with a walking bridge.

    Right-hander Greinke, 29, pitched a shutout against the Pittsburgh Pirates in his season opener for the Dodgers, but was later sidelined with a broken collarbone. The former American League Cy Young Award winner signed a six-year, $147-million contract with the ball club in December.




    ____________________

    Help with Any Real Estate Transaction - Buy or Sell 

    Call me 424-777-9377 -  FREE CONSULTATION! 



    Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

    Sergey Fednov - Trust Sale










    Sergey Fednov

    President - Realtor®
    - Trust Sale Realty -

    Residential & Commercial Real Estate
    _______________________________
    Toll Free: 1-855-TRUST-55
    Toll Free: 1-855-878-7855
    Phone: 424-777-9377
    Fax: 310-356-4925
    www.TrustSale.com 
    Lic# 01896869
    TrustSale.com

  • Some homes are slow to sell even in the hottest markets

    Posted Under: Home Buying in Studio City, Home Selling in Studio City, Financing in Studio City  |  June 5, 2013 2:12 PM  |  365 views  |  No comments

     With full-fledged sellers' markets underway in dozens of metropolitan areas around the country, new research has found curious statistical patterns emerging: Even in cities where listings get multiple offers within days or hours, significant numbers of homes are sitting on the market for six months, 12 months or more with no takers.
    Call them turnoff listings. Despite roaring sales paces all around them, for one reason or another these houses send shoppers scurrying away, often because of mispricing, excessive restrictions on access to buyers and agents, failure to clean or make repairs and a variety of other marketing bungles.
    Researchers at Trulia, a real estate listings site, say the existence of large numbers of unsold houses in the midst of high-activity markets is more common than generally assumed. Jed Kolko, chief economist for Trulia, suggested that "even in the tightest markets, there is a 'long tail' of homes languishing" unsold for extended periods.

    For example, in one of the fastest-paced sales areas in the country, San Jose — where the median time from listing to sale is just 20 days — one out of 10 houses has been on the market for 161 days or more. In metropolitan Boston, where houses go from listing to sale in a median 42 days, 10% go unsold for 257 days or more.
    Data provided for this column by MRIS, the multiple listing service covering metropolitan Washington, D.C., indicate that in the hottest neighborhoods, houses sell in a median five to 12 days. Yet from 10% to 12.5% of listings in some areas sit without buyers for six months or more.
    Nationally, according to new data from the National Assn. of Realtors, 44% of all new listings take 90 days or more to sell, 22% take six to 12 months and 9% take more than a year.
    Why the glacial pace for certain homes in even the fastest-moving sellers' markets? Realty agents who visit houses with potential buyers in tow aren't shy about sharing the major reasons. One agent, Jeff Dowler of Solutions Real Estate in Carlsbad, Calif., says more often than not, the root problem is the owners of the property. As he guides shoppers from one listing to another, "I see homes being sabotaged by owners all the time."
    Sabotaged? Not intentionally, says Dowler, but by "doing things or not doing things that would make the house easier to sell." Demanding an unrealistically high asking price — and refusing to negotiate on lower but qualified offers — is the top turnoff for Dowler and many other agents showing homes.
    Imposing severe restrictions on when and by whom the house can be shown is another. For example, sellers who will only allow showings between 10 a.m. and noon on Saturdays, or who require a 24-hour advance notice before appointments to show during the week, or who won't let anyone in unless they or the listing agent are present, inevitably delay offers and sales.
    Patricia Kennedy, an agent with Evers & Co. in Washington, D.C., recently blogged on ActiveRain, a real estate site, about "annoyingly inflexible" restrictions: "What? You want to show my house in a half-hour? Sorry, but I'm covering my gray. Go away!" But, wrote Kennedy, "if I can't show it, I can't sell it. Sorry. If you're a pill about showings, you are sending the buyer's agent a message that you'll probably be a pill throughout the transaction!"
    Other big turnoffs:
    •Poorly cleaned, messy houses with obvious deferred maintenance.
    •Sellers who insist on being present — or hover nearby — when shoppers visit so they can point out every feature they improved or like. Better for sellers to be out of the house or out of sight.
    •Smells inside the house that are either bad — especially from dogs, cats and other pets — or come across as contrived, such as scented candles, potpourri plug-ins, etc. When buyers encounter obviously artificial smells they wonder: What are the owners covering up?
    Just because houses are selling fast in your area doesn't mean yours will. You've got to think of it as a product you're marketing, not just as your home. Get it in shape to sell. Price it realistically. Be flexible and cooperative on showings and negotiations. Unless it has grossly off-putting features — costly physical defects, ugly design, bad location, bad schools — your property should sell.

    __________________

    Help with Any Real Estate Transaction - Buy or Sell 

    Call me 424-777-9377 -  FREE CONSULTATION! 



    Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

    Sergey Fednov - Trust Sale










    Sergey Fednov

    President - Realtor®
    - Trust Sale Realty -

    Residential & Commercial Real Estate
    _______________________________
    Toll Free: 1-855-TRUST-55
    Toll Free: 1-855-878-7855
    Phone: 424-777-9377
    Fax: 310-356-4925
    www.TrustSale.com 
    Lic# 01896869
    TrustSale.com

  • Kara DioGuardi Sells Studio City Home in Los Angeles for $6.3 Million

    Posted Under: Home Buying in Studio City, Home Selling in Studio City, Celebrity Homes in Studio City  |  January 11, 2013 12:56 AM  |  367 views  |  No comments

    Producer/lyricist and former "American Idol" judge, Kara DioGuardi, has sold her Studio City mansion in Los Angeles for $6.3 million. She had first listed the property for sale in September 2011 with an asking price of $10 million.

    The home was offered for a monthly rental of $45000 before going up for sale. It is surprising that a house as stunning as the Studio City mansion went unclaimed so long. However, the home finally sold around 4 million lesser than the original asking price, reports Trulia.

    The home comprises of 5 bedrooms and 7 bathrooms all spread out across an area of 7600 square feet. The place is laden with luxury amenities like an unending pool, saunas and hot tubs, a solarium and a beautiful river stone fireplace.

    The home also boasts of a huge yard filled with lush green trees, ponds, decks and fountains. An art studio also adorns the place. The home is not only a sign of pure elegance but is also within walking distance from the shops and restaurants of Los Angeles, reports the Wall Street Journal.

    DioGuardi and her architect husband Mike McCuddy purchased the home in 2007. It was originally built in 1923. The couple spent ample time renovating and redesigning the home. However, they decided to sell it in order to be able to spend more time with family on the east coast. They also own a home in The Hollywood Hills, reports The Los Angeles Times.

    DioGuardi is an eminent hit song maker and has penned down some raging chart busters for popular singers like Christina Aguilera and Britney Spears. She has appeared on T.V shows like "American Idol" and "The One: Making a Music star". She wrote songs for musical serial "Glee" and "Hannah Montana". She is also a Grammy-nominated song writer and winner of many BMI pop and country music awards.

    ____________________

    Help with Any Real Estate Transaction - Buy or Sell 

    Call me 424-777-9377 -  FREE CONSULTATION! 



    Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

    Sergey Fednov - Trust Sale










    Sergey Fednov

    President - Realtor®
    - Trust Sale Realty -

    Residential & Commercial Real Estate
    _______________________________
    Toll Free: 1-855-TRUST-55
    Toll Free: 1-855-878-7855
    Phone: 424-777-9377
    Fax: 310-356-4925
    www.TrustSale.com 
    Lic# 01896869
    TrustSale.com

  • New Mortgage Rules Unveiled by CFPB

    Posted Under: Market Conditions in Studio City, Home Buying in Studio City, Home Selling in Studio City  |  January 11, 2013 12:47 AM  |  384 views  |  No comments

    Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out.

    The new mortgage rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a range of obligations and restrictions on lenders, including bans on the risky "interest-only" and "no documentation" loans that helped inflate the housing bubble.

    Lenders will be required to verify and inspect borrowers' financial records. The new mortgage rules discourage them from saddling borrowers with total debt payments totaling more than 43 percent of the person's annual income. That includes existing debts like credit cards and student loans.

    CFPB Director Richard Cordray, in remarks prepared for an event Thursday, called the rules "the true essence of 'responsible lending.' "

    The rules, which take effect in 2014, aim to "make sure that people who work hard to buy their own home can be assured of not only greater consumer protections but also reasonable access to credit," he said.

    Cordray noted that in years leading up to the 2008 financial crisis, consumers could easily obtain mortgages that they could not afford to repay. In contrast, in subsequent years banks tightened lending so much that few could qualify for a home loan.

    The new mortgage rules seek out a middle ground by protecting consumers from bad loans while giving banks the legal assurances they need to increase lending, he said.

    The mortgage-lending overhaul is a priority for the agency, which was created under the 2010 financial law known as the Dodd-Frank Act. The agency is charged with reducing the risk of a credit bubble by helping to ensure that borrowers are better informed and loans are more likely to be repaid.

    The agency is charged with writing and enforcing rules that flesh out the law passed by Congress. Some provisions are required under the law, but the agency had broad discretion in designing many of the new requirements.

    The rules limit features like teaser rates that adjust upward and large "balloon payments" that must be made at the end of the loan period.

    They include several exceptions aimed at ensuring a smooth phase-in and protecting access to credit for underserved groups. For example, the strict cap on how much debt consumers may take on will not apply immediately. Loans that meet separate federal standards also would be permitted for the first seven years.

    Balloon payments would be allowed for certain small lenders that operate in rural or underserved communities, because other loans may not be available in those areas.

    The bureau also proposed amendments that would exempt from the rules some loans made by community banks, credit unions and nonprofit lenders that work with low- and moderate-income consumers.
    ____________________

    Help with Any Real Estate Transaction - Buy or Sell 

    Call me 424-777-9377 -  FREE CONSULTATION! 



    Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

    Sergey Fednov - Trust Sale










    Sergey Fednov

    President - Realtor®
    - Trust Sale Realty -

    Residential & Commercial Real Estate
    _______________________________
    Toll Free: 1-855-TRUST-55
    Toll Free: 1-855-878-7855
    Phone: 424-777-9377
    Fax: 310-356-4925
    www.TrustSale.com 
    Lic# 01896869
    TrustSale.com

  • No droids, but there's a 'vator

    Posted Under: Home Buying in Studio City, Home Selling in Studio City, Celebrity Homes in Studio City  |  November 16, 2012 2:22 PM  |  354 views  |  No comments


    "Star Wars" actor Hayden Christensen has his house in Studio City for sale at $2.65 million.

    Built in 1990, the modern-style house features a step-down living room, high ceilings, three fireplaces, five bedrooms and five bathrooms in its 6,302 square feet of living space. An elevator leads to the third-floor master suite, which has a fireplace and dual walk-in closets. The three-quarter-acre lot includes a saltwater swimming pool with spa, flat yard space, mature trees and a three-car garage.

    Christensen, 31, gained widespread recognition in the role of Anakin Skywalker (Darth Vader) in "Star Wars: Episode II — Attack of the Clones" (2002) and "Star Wars: Episode III — Revenge of the Sith" (2005). Another "Star Wars" film is expected in 2015, according to Walt Disney Co., which just agreed to buy Lucasfilm, the company that controls the "Star Wars" franchise.

    More recently, the actor starred in "Jumper" (2008), "Takers" (2010) and "Vanishing on 7th Street" (2010). Christensen and Nicolas Cage will star in "Outcast," expected next year.

    Public records show the house last changed hands in 2003 for $1.425 million.


    ____________________

    Help with Any Real Estate Transaction - Buy or Sell 

    Call me 424-777-9377 -  FREE CONSULTATION! 



    Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

    Sergey Fednov - Trust Sale










    Sergey Fednov

    President - Realtor®
    - Trust Sale Realty -

    Residential & Commercial Real Estate
    _______________________________
    Toll Free: 1-855-TRUST-55
    Toll Free: 1-855-878-7855
    Phone: 424-777-9377
    Fax: 310-356-4925
    www.TrustSale.com 
    Lic# 01896869
    TrustSale.com

  • Negative equity declines with rising prices

    Posted Under: Market Conditions in Studio City, Home Buying in Studio City, Home Selling in Studio City  |  November 16, 2012 1:51 PM  |  360 views  |  No comments

    Rising home prices are helping trim the ranks of underwater homeowners in Los Angeles and Orange counties, a new report by real estate information company Zillow Inc. says.

    There were an estimated 438,012 homes underwater in Los Angeles and Orange counties in the third quarter. A home is underwater when the outstanding debt on the property is more than what the home would fetch in a sale.

    That represented about 25.9% of homes with mortgages in the region, down from 28.9% in the second quarter. 

    The website estimates that there is roughly $58.9 billion worth of negative equity in the two counties. 

    In a news release, Zillow chief economist Stan Humphries said the decrease in negative equity should help homeowners looking to refinance out of costly loans or sell their properties. Of homes that were in negative equity at the end of the third quarter, 2 in 5 were underwater by 20% or less, Zillow estimated.

    “A substantial number of homes are still locked up in negative equity, unable to enter the existing resale market despite the desires of their owner," Humphries said. "The housing market has found real momentum of its own but is not immune from shocks to the broader economy."

    Nationally, homes with negative equity declined to 28.2% of all homes in the third quarter from 30.9% in the previous quarter. It was the first time that Zillow's report had noted negative equity falling below 30%.

    Slightly more than 14 million U.S. homeowners with a mortgage were underwater last quarter, down from 15.3 million in the second quarter. Of the 30 major metropolitan area covered in the Zillow report, the ones with the biggest drops in negative equity were Phoenix, Las Vegas, Denver, Sacramento and Orlando, Fla.



    ____________________

    Help with Any Real Estate Transaction - Buy or Sell 

    Call me 424-777-9377 -  FREE CONSULTATION! 



    Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.

    Sergey Fednov - Trust Sale










    Sergey Fednov

    President - Realtor®
    - Trust Sale Realty -

    Residential & Commercial Real Estate
    _______________________________
    Toll Free: 1-855-TRUST-55
    Toll Free: 1-855-878-7855
    Phone: 424-777-9377
    Fax: 310-356-4925
    www.TrustSale.com 
    Lic# 01896869
    TrustSale.com

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