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Home Buying in Toluca Lake : Real Estate Advice

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  • Home Buying4
  • Home Selling1
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Activity 4
Sun Mar 11, 2012
Sara Mehrpouyan answered:
Hi Zguri,

Which complex are you referring to? We cannot see that information with your question. I can only guess that you are talking about 10639 Woodbridge? If so, these are new units (new construction). The photos are from the model unit which has been staged with furniture. Please feel free to contact me directly at 818-903-2040 or by email smehr818@gmail.com if you are interested in viewing these units or any other properties. It is to your benefit to have your own agent representing you. Thank you.

Sara Mehrpouyan
Rodeo Realty
Direct 818-903-2040

Sign up for New Property Listing Alerts By Email Here: www.newlosangeleshomesearch.com
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0 votes 1 answer Share Flag
Mon Nov 14, 2011
SERGEY FEDNOV *** 424-777-9377 answered:
I work a lot with overseas clients and will be happy to help out.
I can also arrange financing.

____________________
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

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
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2 votes 8 answers Share Flag
Fri Sep 30, 2011
Linwood Fullam, III answered:
Hello,
I live on the Toluca Lake/Burbank town line, and the area you're looking in are highly desireable. Studio City and Toluca lake are near Warner Bros, and Disney, St. Joes hospital, as well as major highways that make it easier to get to downtown, Hollywood, and the Westside.

For easy math lets look at a $500,000 house with 20% down which means $400,000 mortgage. There are many very nice condos and townhomes available for $500,000, and fewer fixer type 2-3 bedroom houses, but at this price range generally need some serious remodel work. Assuming good credit that would provide a 4.5% interest rate your mortgage payment would be $2,026/mo. Taxes would be $5000/year or $417/month. HOAs, and Condo Insurance is extra for a condo/townhome which could be300-400/mo. This totals around 2,800 per month after the 20% down. There are tax benefits to consider which can reduce your payment using the mortgage interest rate tax deduction which is dependant on your tax bracket, but 500-800 per month is rough estimate based ont that $2,026 mortgage. In this scenario your payments if you bought are back to $2,000-$2,300/month. Renting a house, condo, or towhome for $2,000-$2,300 per month does not rent you as nice a condo as buying a $500,000 condo could get you in my professional opinion.

If you buy a condo/townhome you're living with people who generally stay put longer and seem to care more about their neighbors and the place they're living in since they own it.
If you remodel and change decorations you can first of all make the changes without asking your landlord, and when you sell or rent the place in 2-10 years you may recoup some of the costs in updating or painting.

Since we're bouning along the bottom of the housing market and nobody knows when it will turn around its tough to suggest buying with your 2 year timing, but with a 10 year range it makes more financial sense. The housing market will change at some point for sure, and when it changes rents will go up, over long period of time that's for sure. But Taxes due to prop 13 in California, and your mortgage payments on a 30 year fixed will remain the same, then drops in 30 years when it's paid off to just taxes, insurance and HOAs.

Renting is a good idea for a year to get a sense of what areas in LA you like, what your commute is like, and gives you a chance to figure out where you'd eventually like to settle. As a 20/30 year old buying a house is usually a good idea, and gives you a lot of benefits, as well as a lot of responsibilities. There's a lot to consider! I hope this helps!

Please let me knwo if I can help in any way.
Linwood Fullam
Rodeo Realty
818/207-0080
Linwood@Rodeore.com
DRE # 01895482
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1 vote 5 answers Share Flag
Mon Aug 8, 2011
Dot Chance answered:
Bethany,

This property has been on the market in the past and the listings have expired. I did some research to find the owner of the home. If you have serious interest in the purchase of this very lovely estate please contact me and I will pursue the owner on your behalf.

All my best,
Dot Chance, Realtor®
Certified Distressed Property Expert – CDPE®
DRE License #01494182
Keller Williams Realty World Media Center
www.DotChance.com
818.339.7712
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