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Market Conditions in Studio City : Real Estate Advice

  • All78
  • Local Info5
  • Home Buying24
  • Home Selling1
  • Market Conditions5

Activity 5
Wed Aug 20, 2014
Julie Kryukova Meggat answered:
Your best bet is to call the school and give them the address. I have many clients looking for property based on school district and while the internet is helpful, I find that speaking to the school direct will give you the most up to date information on eligibility and also availability of classes. I have seen schools fill up whether or not you are in that district. Please feel free to contact me any time with questions. I have many clients in the area and know it very well.


Julie Kryukova
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Wed Apr 23, 2014
Von Bonilla answered:
Hi Mariane,

Most owners prefer a lease term of 12 months or more. You do have to pay a premium (when and if they allow you to rent a home for six months) because of the loss of income as opposed to a 12 month term. You can search here for leases

Take care,
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Fri Jul 19, 2013
Jeri Creson answered:
I love this question… the history from this conversation circa 2008 pretty much says it all!

In 2008 - probably not your best move to purchase… a little too soon. Easy to say from a historical perspective, I know - but humor me. Fast forward to 2013 and we can see that we have, for all intents and purposes, hit the bottom and have bounced back up. A little. A little more in some areas than in others. Now we have new problems. For the entry level buyer hoping to find a home with less than 20% down, or those who do have 20%…but not a whole lot more - it's pretty slim pickins' out there. Multiple offers from all cash buyers are trumping most bidding wars. So who is to say that those who bought, on somewhat easier terms in 2008 won't, in the long run, be better off than the buyers being frozen out of today's market until the prices rise again, sufficiently enough to knock the all cash deals out of the running? Real estate is cyclical - and there is always a "catch" of some kind. Especially here in Southern California.

Good luck out there!
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Sun Feb 22, 2009
. answered:
Sat Apr 12, 2008
Jordan Stuhlmueller answered:
Hey all,

The verdict is in! Below is an outline of the jury's verdict to this case. Any thoughts?

"Friday, April 11, 2008

After only two hours of deliberation yesterday, the jury unanimously vindicated a buyer's agent accused by his clients of failing to disclose that two other homes in the neighborhood sold for less than what they paid. As a trial court case, this decision in Ummel v. Little is binding on the parties to the case, but has no binding authority for other cases. Moreover, the buyers may file an appeal.

This case involved a couple who bought a home in a coastal Carlsbad community in 2005 for $1.2 million. They regretted their purchase when they discovered that two other homes sold for about $150,000 less than theirs. They sued their real estate agent for negligent misrepresentation and breach of fiduciary duty. Their lawsuit grabbed national attention, given the recent downturn in the real estate market.

At the trial, the agent's attorney argued that there were valid reasons these two other properties sold for less. One home, for example, had a lap pool which was unappealing to many buyers, and the sellers wanted to rent back the home for two years."

All the best,
~ jordan elias
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