50 Shades of Real Estate Love, Passion and Obsession

50 Shades of Real Estate Love, Passion and Obsession

In a weekend when Valentine’s Day love collides with 50 Shades of Grey obsession, you can’t help but ponder other loves, passions and obsessions that warrant celebrating. From an early age I have nurtured an unshakable love for Real Estate. Discovering how real estate creates that special type of shelter that everyone yearns to possess; it evens generates the brand of wealth that most cannot amass by simply working a job; and it gives great power to its owners who are fortunate enough to hold on to it at the right time and wise enough to let go when necessary.

I cherish the pure and innocent love of real estate inherent in every first time home buyer who asks me to help them acquire their first home. I sense their determination as they formulate plans to own their very first piece of the earth. I cheer them on as they save every penny, cut out the Starbucks coffee, eat tuna sandwiches for months and adopt other austerity measures until they secure the minimum 3.5% down-payment to qualify for an FHA loan. I celebrate with them when they close escrow, get their first set of keys and step over the threshold for the first time as homeowners.

I recognize that mature love for real estate in the family that has outgrown their starter home because their family has expanded beyond that town-home and they yearn for a single family home with a beautiful yard for their kids to play and located in a great school district. They are thrilled to discover that they have amassed substantial equity which will provide huge down-payment for their move-up home.

I tip my hat to the entrepreneurial passion (sometimes obsession) for real estate unique to investors, flippers, budding landlords who seek out diamonds in the rough and develop them into profitable ventures. These rare breeds spend countless hours at court house auctions, show up at bankruptcy sales, probate sales, scout out every fixer upper on the MLS, and even knock on doors of delinquent property tax homeowners. They endure many indignities, yet, they do not lose their focus on the gainful outcome. We all owe these flippers and investors a debt of gratitude for improving our neighborhoods with their cash infusion in previously dilapidated properties.

I am most touched by the elderly with foresight in the power of real estate to provide them with a safe and secure retirement. Their sage wisdom will earn them many dividends as they liquidate and swap their vast landed estates for smaller manageable condominiums in retirement or other fun communities.

Whether you are a first time home buyer, a move up buyer, an investor, landlord, flipper or a retiree downsizing, all of these loving and passionate real estate ventures are only made possible with the competent assistance of a good Realtor. If you wish to purchase a home or sell one, call Realtor Bandele Oguntomilade at 818-825-6996 or email her at Bandele@BogunRealty.com – she turns real estate possibilities into reality!

Bandele Oguntomilade is a Lawyer-Turned-Broker, a Top Realtor, Your # 1 Advocate in Real Estate, a Certified Residential Specialist and the Owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  Please visit us at http://www.BogunRealtyAndLuxuryHomes.com.
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Home Values Rose 6.7% in 2014 – What Is Your Home Worth Now . . .

As we enter the New Year, it is important to evaluate what our homes are worth now in light of the reported 6.7% appreciation that homes have gained across the nation in 2014. Below link allows you to get useful information about Your Current Property Value and Your Current Neighborhood Real Estate activities.  By clicking on below link, you can get the following information:

1. Your estimated current home value;
   2. Properties that have just been listed for sale in your neighborhood;
   3. Properties that recently sold in your neighborhood and the sold prices;
   4. Open Houses in your neighborhood;
   5. Rental properties in your neighborhood;
   6. Schools for homes in your neighborhood; and
   7. So much more . . .

What My Home Is Worth Now and My Neighborhood Real Estate Activities

If you are looking for a Free Home Evaluation, or desire to buy or sell your California Home, call Realtor Bandele Oguntomilade at 818-825-6996 or email at Bandele@BogunRealty.com.

Bandele is the Top REALTOR®, Real Estate Broker and Expert on the Sale of Luxury Homes and Homes in Court or Legal Process such as Short Sales, Divorce, Foreclosures, Bankruptcy and the owner of Bogun Realty and Luxury Homes. Focusing on Woodland Hills Homes, Woodland Hills Real Estate, West Hills Real Estate, Calabasas Real Estate, Encino Real Estate, Tarzana Real Estate, Studio City Real Estate, Sherman Oaks Real Estate, Toluca Lake Real Estate, Hidden Hills Real Estate, Malibu Real Estate and Beverly Hills Real Estate. Call 818-825-6996, Email Bandele@BogunRealty.com and visit www.BogunRealtyAndLuxuryHomes.com.

Open Houses Sat + Sun 1-4PM – Chino, CA – Renovated 3 BD Pool Home

Open-House Events:                   1-4PM on Saturday + Sunday

Property:                                          12375 Sycamore Ave, Chino, CA 91710

Virtual Tour:                                  www.12375Sycamore.com

Offered At:                                   $425,000

Call:                                            818-825-6996

Property Description:                  3 Bedrooms 2 Bathrooms Pool 2 CarGarage
See Detailed Description After Photos Below

 

www.12375Sycamore.com

Property Description:

Call 818-825-6996.

Open Houses 1-4PM on Saturday + Sunday.  Beautifully renovated 3 Bedroom, 2 Bathroom 1350sf single family detached home on 7241sf lot, with huge sparkling Pool, 2-Car Garage, on an immaculate cul-de-sac street in Chino adjacent to gorgeous public park.  Every room in this light-bright-and-airy home was elegantly renovated for that home buyer with the most pristine taste. Newly renovated large living room with cozy fireplace, separate formal dining room, new state-of-the-art gourmet kitchen, 3 spacious bedrooms, 2 new elegant bathrooms, new plumbing and faucets, new water heater, new electrical, new light fixtures and recessed lighting, beautiful new laminate floors throughout the home, new granite counter tops in kitchen and bathrooms, all new cabinets in abundance, new stainless steel appliances – Whirlpool stove and dishwasher, central heating and air-conditioning, new double pane windows, new doors/sliders/screens, newly re-finished glistening pool and new evergreen landscaping and irrigation system, and fully fenced back yard for maximum privacy.  Welcome Home.

 

 

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OTHER USEFUL LINKS:

Search MLS – All Homes CLICK HERE Get $1000 at Close of Escrow with Bogun Realty & Luxury Homes towards Your Closing Costs CLICK HERE Best Home Deals in Woodland Hills CLICK HERE Bargain Luxury Homes in Woodland Hills, Hidden Hills, Calabasas, Bell Canyon CLICK HERE Luxury Estates for Buyers CLICK HERE Foreclosures + Bank-Owned Homes in Woodland Hills CLICK HERE Foreclosure/REO/Bank-Owned Homes for Buyers CLICK HERE Short Sale Homes in Woodland Hills CLICK HERE Short-Sale Homes for Buyers CLICK HERE Fixer-Upper + Bargain Homes in Woodland Hills CLICK HERE Fixer Uppers for Bargain Hunters for Buyers CLICK HERE Seller Financed, Owner-Will-Carry, Lease-Option Homes CLICK HERE Fast-Track Short-Sales are Available to Home-Sellers in Distress – APPLY HERE! CLICK HERE FOR SELLERS CLICK HERE FOR BUYERS CLICK HERE Home Evaluation CLICK HERE Free Reports CLICK HERE Switch Utilities CLICK HERE Open Houses CLICK HERE Community Info CLICK HERE Schools CLICK HERE Free Credit Report CLICK HERE About Bogun Realty and Luxury Homes CLICK HERE Testimonials – The Good Kind of Gossip CLICK HERE Bandele’s Blog CLICK HERE Your Home Newsletters CLICK HERE Don’t Pay Another Cent in Rent to Your Landlord Before You Read This FREE Report CLICK HERE Luxury Homes & Distinctive Properties . . .  CLICK HERE 27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar CLICK HERE Fixer Upper Properties Hotlist CLICK HERE Distress Sales, Foreclosures, Bankruptcies & Short Sales CLICK HERE 11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale CLICK HERE Avoid These Costly Home-seller Mistakes When You Sell Your Home CLICK HERE Real Estate News CLICK HERE Mortgage Rates CLICK HERE Best Home Deals in Encino CLICK HERE Foreclosures + Bank-Owned Homes in Encino CLICK HERE Short Sale Homes in Encino CLICK HERE Fixer-Upper + Bargain Homes in Encino CLICK HERE Bargain Luxury Homes in Encino CLICK HERE Best Home Deals in Calabasas CLICK HERE Foreclosures + Bank-Owned Homes in Calabasas CLICK HERE Short Sale Homes in Calabasas CLICK HERE Fixer-Upper + Bargain Homes in Calabasas CLICK HERE Best Home Deals in Studio City CLICK HERE Foreclosures + Bank-Owned Homes in Studio City CLICK HERE Short Sale Homes in Studio City CLICK HERE Fixer-Upper + Bargain Homes in Studio City CLICK HERE Bargain Luxury Homes in Studio City CLICK HERE Best Home Deals in Sherman Oaks CLICK HERE Foreclosures + Bank-Owned Homes in Sherman Oaks CLICK HERE Short Sale Homes in Sherman Oaks CLICK HERE Fixer-Upper + Bargain Homes in Sherman Oaks CLICK HERE Bargain Luxury Homes in Sherman Oaks CLICK HERE Woodland Hills Real Estate – Woodland Hills Homes for Sale CLICK HERE Calabasas Real Estate – Calabasas Homes for Sale CLICK HERE Encino Real Estate – Encino Homes for Sale CLICK HERE Studio City Real Estate – Studio City Homes for Sale CLICK HERE Sherman Oaks Real Estate – Sherman Oaks Homes for Sale CLICK HERE Rental Homes + Lease Options Homes CLICK HERE Hidden Hills Real Estate – Hidden Hills Homes for Sale CLICK HERE Bell Canyon Real Estate – Bell Canyon Homes for Sale CLICK HERE

Open Houses Saturdays from 1-4PM – Santa Monica 3 Bedrooms, 1 Bathroom with Huge Lot

Open-House Events:                     1-4PM on Saturdays

Property:                                         2012 19^th Street, Santa Monica, CA 90404

Virtual Tour:                                    www.2012-19thStreet.com

Offered At:                                     $888,000

Call:                                                 818-825-6996

Property Description:                    3 Bedrooms, 1 Bathroom, Huge Lot
See Detailed Description After Photos Below

 
 

Property Description:

Open Houses 1-4PM on all Saturdays until sold.  Charming 3 Bedrooms, 1 Bathroom 1086sf home on large 7995sf lot in prime and highly desired neighborhood, one block from Santa Monica College.  Zoned SMR2 with potential to build multiple units.  Larger lot is perfect for developer.  Current home needs some TLC so bring your imagination and renovate into your dream home.  Perfect opportunity to enjoy the Santa Monica lifestyle – afternoon sea breezes, enchanting tree-lined street, walking distance from farmers market, grocery stores, public library, lovely restaurants, and the beach!   This original home is flooded with light because of its many windows; enjoy the flexibility of an open floor plan, a cozy fireplace in the living room, separate dining room, French doors, real hardwood floors in 2 bedrooms, many large closets, a detached garage and huge lot with infinite potential.  Tax assessor shows the property as 2 bedrooms but it really has 3 bedrooms.  This is a Probate sale subject to Probate Court Approval and Overbid Procedures.

Call 818-825-6996.

 

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OTHER USEFUL LINKS:

Search MLS – All Homes CLICK HEREGet $1000 at Close of Escrow with Bogun Realty & Luxury Homes towards Your Closing Costs CLICK HERE Best Home Deals in Woodland Hills CLICK HERE Bargain Luxury Homes in Woodland Hills, Hidden Hills, Calabasas, Bell Canyon CLICK HERE Luxury Estates for Buyers CLICK HERE Foreclosures + Bank-Owned Homes in Woodland Hills CLICK HERE Foreclosure/REO/Bank-Owned Homes for Buyers CLICK HERE Short Sale Homes in Woodland Hills CLICK HERE Short-Sale Homes for Buyers CLICK HERE Fixer-Upper + Bargain Homes in Woodland Hills CLICK HERE Fixer Uppers for Bargain Hunters for Buyers CLICK HERE Seller Financed, Owner-Will-Carry, Lease-Option Homes CLICK HERE Fast-Track Short-Sales are Available to Home-Sellers in Distress – APPLY HERE! CLICK HERE FOR SELLERS CLICK HERE FOR BUYERS CLICK HERE Home Evaluation CLICK HERE Free Reports CLICK HERE Switch Utilities CLICK HERE Open Houses CLICK HERE Community Info CLICK HERE Schools CLICK HERE Free Credit Report CLICK HERE About Bogun Realty and Luxury Homes CLICK HERE Testimonials – The Good Kind of Gossip CLICK HERE Bandele’s Blog CLICK HERE Your Home Newsletters CLICK HERE Don’t Pay Another Cent in Rent to Your Landlord Before You Read This FREE Report CLICK HERE Luxury Homes & Distinctive Properties . . .  CLICK HERE 27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar CLICK HERE Fixer Upper Properties Hotlist CLICK HERE Distress Sales, Foreclosures, Bankruptcies & Short Sales CLICK HERE 11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale CLICK HERE Avoid These Costly Home-seller Mistakes When You Sell Your Home CLICK HERE Real Estate News CLICK HERE Mortgage Rates CLICK HERE Best Home Deals in Encino CLICK HERE Foreclosures + Bank-Owned Homes in Encino CLICK HERE Short Sale Homes in Encino CLICK HERE Fixer-Upper + Bargain Homes in Encino CLICK HERE Bargain Luxury Homes in Encino CLICK HERE Best Home Deals in Calabasas CLICK HERE Foreclosures + Bank-Owned Homes in Calabasas CLICK HERE Short Sale Homes in Calabasas CLICK HERE Fixer-Upper + Bargain Homes in Calabasas CLICK HERE Best Home Deals in Studio City CLICK HERE Foreclosures + Bank-Owned Homes in Studio City CLICK HERE Short Sale Homes in Studio City CLICK HERE Fixer-Upper + Bargain Homes in Studio City CLICK HERE Bargain Luxury Homes in Studio City CLICK HERE Best Home Deals in Sherman Oaks CLICK HERE Foreclosures + Bank-Owned Homes in Sherman Oaks CLICK HERE Short Sale Homes in Sherman Oaks CLICK HERE Fixer-Upper + Bargain Homes in Sherman Oaks CLICK HERE Bargain Luxury Homes in Sherman Oaks CLICK HERE Woodland Hills Real Estate – Woodland Hills Homes for Sale CLICK HERE Calabasas Real Estate – Calabasas Homes for Sale CLICK HERE Encino Real Estate – Encino Homes for Sale CLICK HERE Studio City Real Estate – Studio City Homes for Sale CLICK HERE Sherman Oaks Real Estate – Sherman Oaks Homes for Sale CLICK HERE Rental Homes + Lease Options Homes CLICK HERE Hidden Hills Real Estate – Hidden Hills Homes for Sale CLICK HERE Bell Canyon Real Estate – Bell Canyon Homes for Sale CLICK HERE

Open House Saturday 2-5PM – Beautifully Renovated 3 Bedrooms, 1.5 Bathrooms Townhome – Panorama City

Open-House Events:                    Saturdays (August 9 and 16) from 2-5PM

Property:                                      9318 Van Nuys Blvd, Unit 26, Panorama City, CA 91402

Virtual Tour:                                  www.9318VanNuysUnit26.com

Offered At:                                     $235,000

Call:                                                 818-825-6996

Property Description:                   3 Bedrooms, 1.5 Bathrooms, Townhome
See Detailed Description After Photos Below

 

Property Description:

Open Saturday 2-5pm:  Beautifully renovated 2-level end-unit townhome with 3 bedrooms, 1.5 bathrooms in Panorama City close to everything (mall, restaurants, bus-line and community parks).  2 car garage, washer + dryer in the unit on the same level as all 3 bedrooms, new central air conditioning unit, new tankless water heater, new energy efficient double pane windows and door,  new carpet, new water conservation toilets, sinks, faucets, new paint, and custom blinds.  Sophisticated living room with crown moldings, state-of–the-art kitchen with new Corian counter tops, new cabinets, built-in microwave, new sink and garbage disposal.  Dining space opens to your own private over-sized fenced patio with fruit trees and drip irrigation, perfect for barbequing and lounging.  3 right-sized bedrooms decorated to perfection.  HOA Dues includes water, sewer and trash.  Sparkling and relaxing community pool.  Welcome Home.  Call 818-825-6996.

 

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OTHER USEFUL LINKS:                              

Search MLS – All Homes CLICK HERE What’s My Home Worth Today  CLICK HERE Get $1000 at Close of Escrow with Bogun Realty & Luxury Homes towards Your Closing Costs CLICK HERE Best Home Deals in Studio City CLICK HERE Foreclosures + Bank-Owned Homes in Studio City CLICK HERE Short Sale Homes in Studio City CLICK HERE Fixer-Upper + Bargain Homes in Studio City CLICK HERE Bargain Luxury Homes in Studio City CLICK HERE Best Home Deals in Encino CLICK HERE Foreclosures + Bank-Owned Homes in Encino CLICK HERE Short Sale Homes in Encino CLICK HERE Fixer-Upper + Bargain Homes in Encino CLICK HERE Bargain Luxury Homes in Encino CLICK HERE Bargain Luxury Homes in Woodland Hills, Hidden Hills, Calabasas, Bell Canyon CLICK HERE Foreclosures + Bank-Owned Homes in Woodland Hills CLICK HERE Short Sale Homes in Woodland Hills CLICK HERE Fixer-Upper + Bargain Homes in Woodland Hills CLICK HERE Best Home Deals in Calabasas CLICK HERE Foreclosures + Bank-Owned Homes in Calabasas CLICK HERE Short Sale Homes in Calabasas CLICK HERE Fixer-Upper + Bargain Homes in Calabasas CLICK HERE Seller Financed, Owner-Will-Carry, Lease-Option Homes CLICK HERE Fast-Track Short-Sales are Available to Home-Sellers in Distress – APPLY HERE! CLICK HERE FOR SELLERS CLICK HERE FOR BUYERS CLICK HERE Free Reports CLICK HERE Open Houses CLICK HERE Community Info CLICK HERE Schools CLICK HERE Free Credit Report CLICK HERE Testimonials – The Good Kind of Gossip CLICK HERE Bandele’s Blog CLICK HERE Free Home Buyer Seminar with Brunch CLICK HERE Your Home Newsletters CLICK HERE Don’t Pay Another Cent in Rent to Your Landlord Before You Read This FREE Report CLICK HERE 27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar CLICK HERE 11 High Cost Inspection Traps You Should Know About Weeks Before Listing Your Home For Sale CLICK HERE Avoid These Costly Home-seller Mistakes When You Sell Your Home CLICK HERE

Homes for Sale at The Oaks – Calabasas, CA

“The Oaks” is Calabasas’ premier guard-gated community of luxurious homes, uniquely designed to showcase architectural preferences of each home owner.   A harmonious melting pot of our best American cultural heritage with 557 magnificent homes ranging from $1.5 million to $20 million.

Looking For A Home at “The Oaks”?

Interested in finding a home for sale at “The Oaks”, Click Here to view currently available homes for sale at “The Oaks”.

Why Do People Live at “The Oaks”?

Luxurious living, grand estates, unparalleled privacy, glorious peace, magnificent vistas, rolling meadows have motivated some home purchases at “The Oaks”.  But there is so much more  . . . unique architectural identity and expression.  While Mediterranean architecture is predominant at “The Oaks”, you will frequently run into French Country, Colonial Revival, Spanish, Italian, English Country, an occasional Southern Plantation and even Neoclassical architectural styles.  All these styles artfully connected by lush, manicured rolling meadows, prairies, and endless vistas.   To highlight the “Prairie” theme, all street names begin with “Prado” meaning “Prairie” or “Meadow” – such as Prado De La Felicidad (Prairie of Happiness), Prado De Amor (Prairie of Love), Prado De Los Suenos (Prairie of Dreams), Prado Del Grandioso (Grand Prairie), etc.  Why do people live here?  You may say sophisticated homebuyers who “dream” of “grand” “happiness” and “love” frequently find their homes at “The Oaks”.

The Oaks’ Unmatched Amenities:

Homeowners at “The Oaks” enjoy a stately community center with a yoga room, kids’ room, library, game room, state-of-the-art gymnasium, several tennis courts and basketball courts, out-sized adult swimming pool, a baby pool, and 3 parks.  Homeowners Association dues range from approximately $375 to $635 per month.

Your Kids Will Attend The Best School in Southern California:

If you buy a home at The Oaks, your kids may attend any of the 3 public schools that have earned the highest ratings from www.GreatSchools.com.  Bay Laurel Elementary School is currently rated 8; Alice C. Stelle Middle School is currently rated 10 and Calabasas High School is currently rated 8.

Elegant Shopping and Famous Restaurants by The Oaks:

High-end trendy shops and chic restaurants are located close by at The Commons and downtown Calabasas.

Now, You Really Want To Find A Home at “The Oaks”, Right?:

Click Here to view currently available homes for sale at “The Oaks”.  By so doing, you may soon join other like-minded sophisticates who pursue their homeownership “dreams” of “grand” “happiness” and “love”.

If you are interested in selling your home or purchasing a home, contact Bandele Oguntomilade at 818-825-6996.  Bandele Oguntomilade is a Certified Residential Specialist, a Luxury Homes Expert, and the Broker and Owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com.

Bogun Realty and Luxury Homes – Open House Extraordinaire!

Bogun Realty and Luxury Homes – Open House Extraordinaire!

At Bogun Realty and Luxury Homes, we plan, implement, and enjoy the most extraordinary and successful open house events.  We simply relish the opportunity to list a home, entice the largest crowd of potential buyers that community has ever seen, and proudly present and flaunt the home in all of its delicious glory.

Why do we get so excited about open houses when many in our industry simply do not host open house events and some even perceive them as time wasting drudgery?  We embark on open houses like the announcement and presentation of a precious new-born child ala “Lion King” style or the announcement and victory walk of “Ms. America” at the end of the pageant.  In either case, our open house events are highly anticipated by endless prospective buyers because we create unprecedented buzz and excitement.  No exaggeration here, we really had over 600 visitors during a double-back Saturday and Sunday open house events at 4516 Petit Avenue, Encino, California which can be seen at www.4516Petit.com.

Before Open House Events :
1.  Just as in the birth of any “child”, no one is allowed to visit the home until the first open house.  This creates pent-up interest and ensures the home is only seen when it is “show-ready.”
2. We create compelling marketing pieces and dedicated virtual tour website for the property prior to open house events so prospective buyers eagerly consume the information and impatiently yearn to visit the property. The property is described in vivid and romanticized details – architectural styles, colors of nature, aromas of flowers, vegetation, vistas, and so much more.  See example at www.4516Petit.com.
3. We purchase “Open House” promotions on www.ListingBook.com which emails our open house announcements directly to over a million prospective buyers. We also promote our open houses on all the usual websites – MLS, Zillow, Trulia, Facebook, Twitter, Instagram, many exclusive luxury home websites and we garner vast interest with our intriguing blogs.
4. We install a “For Sale” sign on the property’s front lawn with beautiful colorful glossy brochures that specify date and time of upcoming open house events.

During Open Events:
1. We limit “Open House” directional signs on the street of the property to discourage “looky loos” and “mischievous elements” and encourage only serious prospective buyers who specifically learnt of the open house event from legitimate home buying portals. 
2. Visitors are allowed into the home only during open house hours (not before, not after). We treat the event very seriously and respect our homeowner’s time; as such, we want our visitors to do the same.
3. Visitors are greeted warmly, handed captivating brochures and they are required to complete the “Sign-In Book” providing their name, number, email, and other contact information.
4. We enthusiastically and ceremoniously unveil, expose, present, parade, flaunt and show-off the home as a precious trophy. We rattle off interesting architectural and community history, school district, humorous anecdotes, property features, and so much more. During the open house, we embody proud stewards of the home.

After Open House Events:
1. We thank all visitors who provided their contact information in the “Sign-In” Book. We also inform visitors of the next open house event.
2. Our crowded open houses guarantee that prospective buyers are convinced that the house is highly desired, multiple offers should be expected, and they should make their offer quickly.
3. We review and acknowledge receipt of all offers as soon as possible and promptly request any missing documents.
4. We sell the home in the shortest time and for the highest proceed.

 

Click Here -> To Request a Free Home Evaluation.

If you are interested in selling your home or purchasing a home, contact Bandele Oguntomilade at 818-825-6996.  Bandele Oguntomilade is a Certified Residential Specialist and the Broker and Owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com. 

Los Angeles County Homeowners – It is Time to Appeal Your Property Tax Assessment

Los Angeles County Homeowners – It is Time to Appeal Your Property Tax Assessment

In Los Angeles County, your property tax is based on LA County Tax Assessor’s determination of your property value.  As a homeowner, you have an opportunity to challenge your assessed property value between June 1 and November 30 of the current year.  Now, is that time of the year to challenge LA County Tax Assessor’s value of your home and reduce your property tax.  I encourage you to review your property tax value to determine if your property is being assessed a higher value than necessary. 

 

 

On the average, your property tax will the assessed value multiplied by 0.0125.  Thus, if your property is valued by the Tax Assessor at $700,000, your annual property tax will be approximately $700,000 x 0.0125 = $8,750.  However, if you can find 2 comparables that sold between January 1 and March 31 of the current year that support a value less than $700,000 (e.g. $500,000), then your property tax will be $500,000 x 0.0125 = $6,250.  This example realizes a $2,500 savings for the current year.

To challenge LA County Tax Assessor’s value of your home, you should complete the below 2 Forms, attach 2 comparables that sold between January 1 and March 31 of the current year, and file the completed Forms.  You can obtain comparables from your Realtor.  You must file the Forms between June 1 and November 30 of the current year.

Form 1: 2013 Decline-In-Value Review Application

Form 2:  Application for Changed Assessment 2013/14

If you are interested in selling your home or purchasing a home, contact Bandele Oguntomilade at 818-825-6996.  Bandele Oguntomilade is a Certified Residential Specialist and the Broker and Owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com.

Interest Rates Are Rising – Now Is The Time To Buy Your California Home.

 

Interest rates have recently been rising at an escalated rate.  The longer you wait to purchase your new California home, the higher the risk of you not being able to afford your intended home due to the rising interest rates.  This is based on the assumption that rates continue to hold or increase compared to the lows we had just weeks ago.  Below comparison of May 2013 interest rates to June 2013 interest rates clearly demonstrate the resulting shrinking purchase power due to rising interest rates.

Scenario			As of May 3rd			As of June 25th
Purchase	Loan amount (80%LTV)		Rate w/ 1 pt	Mtg Payment		Rate w/ 1 pt	Mtg Payment
Price	20% down – SFR		30 Year fixed	Princ+Int		30 Year fixed	Princ+Int
$300,000.00	$240,000.00		3.500%	$1,078.00		4.500%	$1,217.00
$350,000.00	$280,000.00		3.500%	$1,258.00		4.500%	$1,419.00
$400,000.00	$320,000.00		3.500%	$1,437.00		4.500%	$1,622.00
$450,000.00	$360,000.00		3.500%	$1,617.00		4.500%	$1,825.00
$500,000.00	$400,000.00		3.500%	$1,798.00		4.500%	$2,027.00
$600,000.00	$480,000.00		3.625%	$2,190.00		4.875%	$2,541.00
$700,000.00	$560,000.00		3.625%	$2,554.00		4.875%	$2,964.00
$800,000.00	$640,000.00		3.875%	$3,010.00		5.000%	$3,436.00
$900,000.00	$720,000.00		3.875%	$3,387.00		5.000%	$3,866.00
$1,000,000.0	$800,000.00		3.875%	$3,762.00		5.000%	$4,295.00

 

In summary, depending on the purchase price and loan amount, the rate change from early May 2013 to end of June 2013 has lowered the affordability from approximately $50,000 to $125,000 in purchase price.  I hope you find this information useful and conclude that now is the time to buy!!

If you are interested in selling your home or purchasing a home, contact Bandele Oguntomilade at 818-825-6996.  Bandele Oguntomilade is a Certified Residential Specialist and the Broker and Owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com. 

“Greatest Failure” versus “Respect for Homeowner’s Privacy” – You Decide!

For its June 2013 Challenge, Active Rain asks us (its members) to write about our “Greatest Failure” in exchange for  500 reward points.  At first blush, it seemed no amount of points would ever tempt me to publish an article titled “My Greatest Failure”.  Upon further reflection, I felt comfortable (even inspired) to write about why I had not embraced nor fully implemented one of real estate industry’s most popular marketing strategies “door-Knocking”.

“Door-Knocking” is a real estate industry practice where real estate agents and brokers carve out a specific “farm” of properties (about 200 to 500 homes) and on a periodic basis (usually, once per month) show up (un-invited) at each property, knock on the door and proceed to market their real estate services to the homeowner.  Many in our industry have found this practice to be exceptionally rewarding and have built significant wealth around spoils from this form of marketing.  Clearly, “door-knocking” requires a lot of the same skills that make sales people successful – intestinal fortitude, persistence, endurance, ability to quickly disarm hostile homeowners who resent putting up with uninvited sales professionals.

I have refrained from this industry practice of “door-knocking” for many reasons starting with the homeowner’s right to privacy.  While my top reason for refusing to “door-knock” is to respect personal privacy in one’s home; in business (as in life), I generally avoid the indignity of being kicked out of places I have not been invited.  I also avoid being attacked by vicious dogs and gun-wielding hostile homeowners.   I firmly believe that the home-owner’s right to privacy trumps any need to market my services in such an invasive manner especially when there are less invasive (and arguable just as effective) marketing alternatives to implement.

No doubt, door-knocking spans many professions and it is probably as old as the history of sales.  However, I know how irritated and violated I feel when I am in my PJs and have not groomed for the public, and yet an uninvited person (other than the mail-delivery person, the FedEx delivery person, etc.) shows up to market their wares.  And yes, the worst offenders are real estate sales professionals and religious invaders.  Understandably, I empathized with Michael Caine and Robert Duvall in the movie “Secondhand Lions” as they shot their double-barrel guns at every uninvited sales person that showed up on their land.

So you be the judge – does the need to market our real estate services trump the home-owner’s right to not have uninvited strangers knock on their door when the homeowner has not showered nor brushed his teeth, may be sleeping, children may be napping, infirmed or insomniacs may be enjoying limited precious sleep, or simply do not want to be bothered – especially when there are less intrusive alternatives such as sending the marketing material in the mail combined with a compelling internet presence?

Given above choices (and my personal and business sensibilities), I will always chose to “put a stamp on it”, respect the homeowner’s privacy and cop to the “greatest failure” of not “door-knocking”.

If you are interested in selling your home or purchasing a home, contact Bandele Oguntomilade at 818-825-6996.  Bandele Oguntomilade is a Certified Residential Specialist and the Broker and Owner of Bogun Realty and Luxury Homes in Woodland Hills, California.  You may visit us at http://www.BogunRealtyAndLuxuryHomes.com.