If you are interested in having some listings sent to you, feel free to call me at (818) 268-8099.
Lake Balboa is a real up-and-coming area with many tract homes that were built in the 50s. I've seen a huge influx of investors flipping old properties, updating them and selling them as turn-key homes in the 400k range. I live in Lake Balboa and love it because there are so many parks and mature trees and friendly families. Property values will likely increase due to the flippers.
Reseda is much like Lake Balboa, but is further away from the 405.
If you work with local inventor they can provide you with all statistics about this area.
In general, I see more foreclosures and short sale in Reseda, while Encino city has them, but much less.
I would agree with Bandele in regards to ratings. I have done numerous purchases and refi's in the Lake Balboa and Encino neighborhoods lately....there is a lot of activity within those two areas. Prices in the Lake Balboa area especially terrific terrific right now and with the near all-time lows of current interest rates, mortgage payments are at their lowest levels in years.
If you would like some information on the financing and/or pre-qualification and pre-approval process, please let me know. It's an important first step as most Realtors will need a pre-approval letter to submit with an offer once you find your dream home as most sellers and their agents will not entertain offers without a pre-approved client in today's market.
I also have some great free reports on my blog/website you can request. Just visit my website, select the Free Reports tab and contact me via the embedded form for which reports you would be interested in.
Good luck on your house hunting and please feel free to contact me at anytime with questions and/or for assistance.
All my best,
The CA Mortgage Guy
As far as a rate goes I think is
1.Studio City ; 2.Shernman Oaks and 3. Encino.
Here is my web site :( http://www.rumi.listingbook.com ) that you can be able to recieve every morning free report with update houses on the market.
I live and work in Encino. If you have any questions feel free to call me: 818-913-3886
HEY, KEVIN I'LL SET YOU UP WITH MLS GUEST ACCESS!
Go to themls.com and click GUEST SEARCH.
That's what the whole damn world does!
SEE? WHO NEEDS GOOD 'OL MICHAEL!?
The concept is similar to that of stock traders that sell short and buy back to make money as the stock rebounds.
Also, you may consider looking in areas that have a high inventory of homes for sale (like 10 months or more). These sellers are going to be much more likely to entertain all offers, even ones that are much less than the asking price.
To learn more, click on the link to our site. Or look for LA Home Search on your favorite search engine.