LA City intends to DOUBLE the Real Estate Transfer taxes

For neighborhoods under the control of the City of LA such as Sherman Oaks, Studio City and Encino, selling a home is about to get much more expensive.  A proposal currently under review by the council will drastically raise the taxes charged to homeowners when they sell their home.

When a home sells the current “city transfer tax” is $4.40 per $1,000 of sale price, or about $2,200 on a $500,000 home sale.  This is in addition to the $1.10 per $1,000 the county charges.  Under the new proposal that amount will rise to $9.00 per $1,000.  or $4,500 on a half million dollar house.

The housing market is just in the beggining stages of a recovery Continue reading

3907 Stone Canyon – House Sold in Sherman Oaks, CA

3907 Stone Canyone, Sherman Oaks, CA

SOLD for $1,125,000 in September 2012

3 Bedroom
3 Bath
3,350 sqft
3.02 Acres

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This fabulous home is just looking for the right owner to buy it and transform it into a showplace. Up a long private drive this oasis sits on a large flat pad with a large yard that overlooks Stone Canyon and Continue reading

In Honor of Conner 2012 VNSO Park

imageThe second annual 5k Walk/Run fundraiser wil take place on October 14, 2012 in VNSO Park, Sherman Oaks.  This walk is staged to honor the memory of Connor Lynch and to raise awareness and promote the safety of runners, pedestrians, cyclists and young drivers.  Last years event was a huge success.  Join your freinds, neighbors and the local community in this great cause.

On October 19, 2010, Conor Lynch was killed by a hit-and-run driver while training with his cross country team. He was 16 years old.  Conor was an incredible son, brother, student, athlete, and friend.

Get more information at http://www.inhonorofconnor or .

Search For Homes 4 Sale

Easy Access to Multiple Listing Homes for SaleNow available on  3 different ways to search for homes for sale.

1) direct one time easy search by address (click here) Just driving by a house and want the listing information.  This is a great way to get the stats you want.  Quick and Simple!

2) An ongoing notification of listing you may be interested in (click here) This service, ListingBook, is a powerful way to actively search for homes that meet your particular needs.  This service, unlike many others, has a direct, live link to the MLS so the data is almost immediately updated.  You can change the search parameters as often as you like.  This is also a good way to keep track of happenings in your local neighborhood. Find out who is selling and for how much. Set the parameters for you neighborhood and this program will work for your into perpetuity.

3) A Smartphone App (click here or scan QR code with smartphone) This app will use your phones GPS to locate all active listings and open houses in your vicinity.  You can request more info or a showing which will be sent directly to me for follow up.

Text 325D to 87778 for Smartphone App


Continue reading

The City Of LA and The Law of Diminishing Returns

Parking In City of LAIt has finally happened, and the City of LA still does not get it!  The simple economic law of diminishing returns.  Our city, which has no idea what a limited budget means, thinks that they can continue to raise “fees” to cover their excesses.  Yet, as pointed out in this article, despite much more efficient collection techniques, the number of tickets written has dropped from 3.5 million in 2003 to the current 2.5 million in 2011. 

That’s The Ticket (LA Daily News Article May 19, 2012)

It should not take a rocket scientist to figure out the reason.  Tickets in 2003 were much less expensive, my memory is that a typical street sweeping ticket was in the $30 range.  The current $68+ dollar ticket cuts deeply into the typical Angelenos pocket.  Continue reading

Officer, There’s A Head in the Head

I sold a house in the Sherman Oaks Area the week before the New Year holiday to a buyer who was going to demolish the house. It was just down the street from my own home.  The house had been previously owned by a guy who was obsessed with “slasher” and “texas chainsaw” type movies.  So much so that he had made a few flicks himself at the house Continue reading

Memorial Weekend May 2012 VNSO Sherman Oaks Park Music

Sherman Oaks Music in the Park Memorial Day 2012Come visit the event to be at, to be seen at, to be heard at in Sherman Oaks this Memorial Day at the VNSO Park.  Music in the Park May 27, 2012 Sunday 4 pm – 6 pm.

At 14201 Huston Street, Sherman Oaks, 91423 (Just North of Riverside, West of Hazeltine)

Featuring Horace Heidt’s Big Band Foundation, Addmission is free.  This is a very speical tribute to American Legion Post 193 as well as all the others have served protecting America’s way of Life!  For more information call 818=995-6827.

Be sure to bring a blanket or lawnchair for this evening of great music, dancing, even a dance contest leading up to a cermony to honor our war veterans on the Memorial day 2012 at the VNSO Park.

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Obama to Visit Clooney Party at Studio City Home

Word has it that President is slated to visit the Studio City home of George Clooney on May 10, 2012 to attend a party.  This could have far reaching affects on Studio City and the surrounding areas of Hollywood, Sherman Oaks, Toluca Lake and even Beverly Hills.  The largest impact possible is the complete closure of the twisty turny hilly Laurel Canyon Boulevard, the major artery thru the canyon between Hollywood Hills and Studio City.  Of course this will put extreme pressure on Coldwater Canyon and Beverly Glen which pass between Beverly Hills and Sherman Oaks.  Other impacts will be a complete no fly zone over the area as well as shutting down the Fryman Canyon walking path as well as the parking lot at the bottom of that park which may be used for one of the security staging areas.  It is sure that secret service will be crawling all over the very tony Fryman Canyon Area as well as all the surronding areas.  Judging from past visits from the President this could have impacts on nearby 101 freeway as well as the storied Mulholland Drive which has scenic overviews of both the San Fernando Valley as well as the “West Side”.

Short Sale Tax Relief In Sherman Oaks & Studio City

Many homeowners who are in distress with underwater mortgages are taking the path of the short sale process to get out from under their mortgage.

In the sales process the real estate agent, the negotiator and the owners lender come together to facilitate the sale of the house to a new buyer.  All is well and good with the house being sold, the new buyer living in the house and most important of all the seller moving on with their life after this tramatic experience.

But low and behold the seller gets an envelope in the mail with another frightening IRS form 1099, Miscellaneous Income Form.  Continue reading

Short Sales and Loan Modifications In Sherman Oaks

There are many homes that are “underwater” in the local Sherman Oaks, Studio city home market.  Underwater meaning that the owner of the house owes more than the house is currently worth for sale with a Real Estate Agent.  Essentially, there are 3 different solutions for this situation. Continue reading