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Dear Friends and Neighbors,
Many now realize that it’s a great time to buy a home. It might also be an
opportune time to sell your house. Here are the five reasons we believe now may be a
perfect time to put your house on the market. If you have any questions or would like to
speak to us about listing your home please feel free to give us a call.
Joan and John
 
1. Demand Is High
The most recent Existing Home Sales Reports by the National Association of
Realtors (NAR) show a double digit percent increase in sales year-over year;
sales have remained above last year’s levels for over 25 months. There are
buyers out there right now and they are serious about purchasing.

2. Supply Is Beginning to Increase
Total housing inventory is again approaching historic norms of a 5 month
supply compared with 4.3 months in January. Many expect inventory to continue
to rise as 3.2 million homeowners escaped the shackles of negative equity in
the last 12 months and an additional 1.9 million are expected to enter positive
equity in the next 12 months. Selling now while demand is high and before
supply increases may garner you your best price.

3. New Construction Is Coming Back
Over the last several years, most homeowners selling their home did not have
to compete with a new construction project around the block. As the market is
recovering, more and more builders are jumping back in. These ‘shiny’ new homes
will again become competition as they are an attractive alternative for many
purchasers.

4. Interest Rates Will Again Rise
Although Freddie Mac’s Primary Mortgage Market Survey shows that interest
rates for a 30-year mortgage have softened recently, most experts predict that
they will begin to rise later this year. The Mortgage Bankers Association,
Fannie Mae, Freddie Mac and the National Association of Realtors are in unison
projecting that rates will be up almost a full percentage point by this time
next year.Whether you are moving up or moving down, your housing expense will be more
a year from now if a mortgage is necessary to purchase your next home.

5. It’s Time to Move On with Your Life
Look at the reason you are thinking about selling and decide whether it is
worth waiting. Is the possibility of a few extra dollars more important than
being with family; more important than your health; more important than having
the freedom to go on with your life the way you think you should?
You already know the answers to the questions we just asked. You have the
power to take back control of your situation by putting the house on the market
today. The time may have come for you and your family to move on and start
living the life you desire. That is what is truly important.

REDUCED!
547 N. Las Palmas, Hancock Park 90004  $1,895,000
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Glossary Of Architectural Terms: CRESTING
An ornamental ridge usually located at the peak or edge of a roof commonly iron.

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SOLD! 2249 Bronson Hill, Hollywood 90068

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Best Friends Animal Rescue has loads of animals that need homes.
Click the photo to find your new best friend!

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August: New Listing in Hollywood Hills

Dear friends and neighbors,
Existing-home sales rose strongly in July, with the median price maintaining double-digit year-over-year increases, according to the National Association of Realtors.
The median price has risen at double-digit rates for the past eight months, and is now 7.3 percent below the all-time record of $230,400 in July 2006. Two years ago, the median price was 25.7 percent below the peak.
Lawrence Yun, chief economist, for the National Board of Realtors said recently “ Mortgage interest rates are at the highest level in two years, pushing some buyers off the sidelines.” According to Freddie Mac, the rate for a 30-year, conventional, fixed-rate mortgage rose to 4.37 percent in July from 4.07 percent in June, and is the highest since July 2011 when it was 4.55 percent; the rate was 3.55 percent in July 2012.. Maybe this finally means we are seeing the market has actually recovered. The inventory continues to be a problem,  we still need more homes to sell.  If you know of anyone who might be interested in selling please consider sending  them our way.  We appreciate all your referrals.
Joan and John

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JUST LISTED:

2249 Bronson Hill Drive, Hollywood Hills 90068 -  $1,200,000
3 Beds 2 Baths  2879sq ft
1920′s Country English Tudor Updated for the 21st Century Lifestyle of Today’s Discriminating Buyer.Smooth Stucco Exterior and Flagstone Stairway lead into the Gracious Living and Formal Dining Rooms with High Ceilings, Woodburning, Vintage Tile Fireplace, Hardwood Floors, Craftsman Designed Wood Cabinetry, Windows and Doors Throughout; French Doors. Updated Cook’s Kitchen with Center Island/Breakfast Bar.Library/Study with Built-Ins and Glass-Paned Entry Doors. Two Bedrooms Upstairs with Office/3ed Bedroom and Bath. Lower Level Features Separate Entrance, Convertible Bedroom and Bath, Media Room, Recreation/Storage Room and Laundry. Central A/C and Heat, Built-In Sound System and Dual-Paned Windows.Terraced, Street-to-Street Yard with Cozy Entertainment Areas and One-Car Garage. A Truly Unique Property!

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If you haven’t yet registered for Strut Your Mutt 2013 — the dog walk and festival that saves lives and helps create a brighter future for homeless pets around the country — we thought we’d try to tempt you with a special surprise. We’re now offering the chance to score the ultimate prize, not only for homeless pets nationwide, but also for your own pup: Be the top fundraiser* between July 10 and August 13, 2013, and win a lifetime subscription to BarkBox!**
What is BarkBox? you ask. BarkBox is a New York City-based dog-lovin’ company that believes every dog in the world should be happy and healthy. They send hand-picked, high-quality dog products to pups across the U.S. and Canada every month. Each box is full of four to six pup-tested bones, bully sticks, toys, treats, gadgets and more. BarkBox donates 10% of proceeds to shelters and rescue groups. For more information about BarkBox, please click here:
So what are you waiting for? Join us for a day of big fun, including activities, refreshments, contests, photo ops, and more. The whole family’s invited – two – and four-legged members alike!
We’re looking forward to seeing you there! Strut your mutt, and help Save Them All™..

Real Estate prices are climbing

Dear friends and neighbors,
Hope you are having a great summer! Home prices continue to rise, many indicators are showing we are heading into an upward cycle.  If you or someone you know is thinking about selling please have them give us a call. We look forward to hearing from you.
Sincerely,
Joan and John

ANOTHER SOLD! 3620 AMESBURY ROAD, LOS FELIZ 90027

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URBAN VIBE, COUNTRY FLAIR & SPECTACULAR VIEWS!

French Country Architecture with a Modern Twist and Expansive Views of the LA Cityscape, Dodge Stadium Fireworks, Surrounding Hillsides, San Pedro Harbor and the Westside Lights. Four Sets of French Doors–from Living Room, Dining Room, Master and Sun Room–open onto a huge, redwood deck soaring above the terraced yard with room for a pool. Three Bedrooms and Two Baths; Hardwood Floors; Central Heat and A/C; Living Room with vaulted, wood-beamed ceiling and fireplace; Dining Room; Updated Kitchen with utility room and laundry; Media Room wired for sound and video with polished concrete floors, wood-burning fireplace and original built-in shelves; Separate Office; Sun Room. Ample Closets and Storage Areas Throughout. Two-Car Garage with Storage.
A Truly Unique Property!

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Home price rebound has look of a boom…
The 28% surge in Southern California’s median home price in June sets a record, exceeding any month during the housing bubble last decade.

The housing recovery is looking more like another housing boom, with prices rising at a record pace.
The median home price in Southern California surged a stunning 28% in June compared with a year earlier — outpacing any month during last decade’s housing bubble. The gain puts the median at $385,000, up from $300,000 last June.
Some experts warn that prices, driven by short supply, should cool off soon. Investors who have flooded the region with cash purchases will probably retreat, they say, as a fresh supply of sellers and builders moves in. But others see nothing but higher prices ahead, with supply staying tight and buyers scrambling to close deals before the window of affordability slams shut…..read more
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New Listing in Hancock Park!

Dear Friends and Neighbors,
In a weekly survey of what lenders are offering to solid borrowers, Freddie Mac reported Thursday that the average rate for a 30-year fixed loan rose from 3.59% last week to 3.81% early this week. It was the highest in more than a year, contrasting with the record low of 3.31% set last fall.  The rates remain extraordinarily low by historical standards. The typical rate exceeded 16% during inflationary times in 1981 and 1982,  and the annual average topped 8% as recently as 2000. With loans being this affordable it is a very good time to invest or buy a home. If you or someone you know is interested in buying or selling please send them our way. We appreciate all your referrals.
Best, Joan and John

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NEW LISTING: 545 N. Las Palmas Ave., Hancock Park 90004
Offered at $1,925,000
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Tuscan villa circa 1925 interpreted for today’s California lifestyle with luxurious finishes throughout. Enter the walled, courtyard pathway to a mature garden with intimate sitting areas and harmonious stone fountain which lead into the dramatic living areas of this three bedroom, two bath grand old-world home with separate one bedroom, one bath guesthouse. gracious entryway to living room with vaulted ceiling; sculpted, wood-burning fireplace, hardwood floors; formal dining room, updated cook’s kitchen, family room and master suite with french doors leading to al fresco dining patio, gated yard w/ fountains, bonus room and pool. two-car garage. a truly unique property. For more photos click here

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We’re thrilled to announce a new foster program here at the Sanctuary! And you don’t have to be a Best Friends member to be a part of it – anyone in your area can help these precious pets.
Our foster program matches some of the more adoptable animals at Best Friends Animal Sanctuary – older puppies and kittens and young adult dogs and cats – with families who can provide loving temporary homes, while helping to find them forever homes. When you foster a healthy, young dog or cat, you’ll be helping to save lives by making room at the Sanctuary for older homeless pets with special needs, who may need longer to find adoptive families.
If you have room in your home and heart, please consider fostering a Sanctuary pet. As a foster parent, you’ll receive a “starter kit” with food, toys, crate or carrier, collar or harness, leash, and more. If you foster a dog, Best Friends will also provide training support to help you learn how to socialize and teach your foster pup basic skills to make him or her even more adoptable.
Before going to their foster homes, all pets will be spayed or neutered, vaccinated and vet-checked. Most pets will find forever homes before additional vet care is required. But if any vet care is needed during the time you are fostering, Best Friends will cover the cost or care at the Sanctuary.
Foster pets will be featured on Best Friends’ Adorable Adoptables website, and you’ll receive detailed guidelines to help you place your foster pet in a forever home. Plus, our adoption staff will be available to provide advice and assistance. If you can foster a Sanctuary pet, please contact Kristi at kristil@bestfriends.org or 435-644-2001, ext. 4223. Or, help spread the word by forwarding this email to any pet-loving people in your area.

Rememberance and a Brand New Listing!

 

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JUST LISTED: 3620 Amesbury Road, Los Feliz
Price: $1,350,000 – 3 Bedrooms 1.75 Baths

French Country with a Modern Twist and Expansive Views of the LA Cityscape, Dodger Stadium Fireworks, Surrounding Hillsides, San Pedro Harbor and the Westside Lights. Four sets of French doors–from Living Room, Dining Room, Master and Sun Room– open onto a huge, redwood deck soaring above the terraced yard with room for a pool. Three Bedrooms and Two Baths; Hardwood Floors; Living Room with vaulted, wood-beamed ceiling and fireplace; Dining Room; Updated Kitchen with utility room and laundry; Media Room wired for sound and video, with wood-burning fireplace, original built-ins and painted concrete floors; Separate Office. Ample Closet and Storage Areas Throughout. Two-Car Garage with Storage. A Truly Unique Property!

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BUY!
*Tax/Financial Benefits
Homebuyers can take potentially advantage of a whole slew of tax benefits, such as:

– Mortgage Interest Deductions
As long as your mortgage balance is smaller than the price of your home, mortgage interest is fully deductible on your tax return. Interest is the largest component of your mortgage payment. In some cases, you may also deduct homeowners association fees and property taxes.
– Property Tax Deductions
Real estate property taxes paid for a first home and a vacation home are fully deductible for income tax purposes. In California, Prop 13 limits property tax increases to 2 percent per year or the rate of inflation, whichever is less.
– Capital Gain Exclusion
If you’ve lived in your house for two of the past five years, you can exclude up to $250,000 for an individual or up to $500,000 for a married couple of profit from capital gains.
– Preferential Tax Treatment
If you receive more profit from the sale of your home than the allowable exclusion, that profit will be considered a capital asset as long as you owned your home for more than one year.
– Building Equity
Over time, you may be able to use the equity you build to fund home improvements, or pay off other, higher interest debts, such as credit card debts or student loans.

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Founded in 2006, Dogs Without Borders is a non profit 501-c-3 rescue organization based in Los Angeles, California. DWB rescues stray and abandoned dogs from local shelters and as far away as Taiwan and Mexico. Spearheaded by Galit Reuben and backed by hard-working, dedicated volunteers, DWB stands behind their dogs offering their clients advice and support for the duration of their dogs’ lives to ensure happy and successful adoptions.
Dogs Without Borders does not have a facility and relies solely on foster volunteers to house and care for their rescue dogs until they are adopted. DWB is proud to have placed over 2,000 dogs since its inception, and will continue to rescue thousands more with the support of generous donations, fosters, and volunteers. DONATE

Looking For Your Special Pal?
Adoption Fair – Tailwaggers Begins: June 1, 1:00 pm – 4:00 pm
Where: Tailwaggers
Address: 1929 N. Bronson Ave., Hollywood, CA, 90068, United States

See Our New Listing!

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2013 Has Started Strong!

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May the Magic of the Season be Yours…

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Happy Holidays!

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