If you've been seeing homes for sale in Studio City and L.A. lately, you've surely seen many brand-new Cape Cod-style homes with lots of neutral finishes, white-on-white decorating, and a general starkness that seems to be the hallmark of the local r.e. market.
Are you ready for something different? I thought so. Both houses on today's fave list are in the traditional style that used to be so popular -- and I hope will be again.
The first, above, is 4167 Klump Ave. in the Woodbridge Park area of Studio City. This great neighborhood features lots of mature foliage and one-of-a kind homes. It is completely walkable to stores, restaurants and Tujunga Village. The house itself has lots of warm traditional touches in its delightful public living spaces, but also has an open floor plan. It also has a green yard and guest house with full bath (total 4 beds, 4 baths, about 3k sf including the bonus sf). It's listed at $1,249,000 and I bet it will be sold this weekend.
The next is 11212 Canton Drive, just east of Laurel Canyon Blvd. Listed for $1,799,000, this house has 4 beds, 4 baths, about 3300 sf on a gorgeous, private, terraced lot. The country-French interior charmed my pants off along with big sunny rooms and all the outside greenery. It's on a quiet cul-de-sac and is really close to lots of hiking trails. It's so refreshing to see lush, comfy decorating again.
Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Showing posts with label Laurel Canyon properties. Show all posts
Showing posts with label Laurel Canyon properties. Show all posts
Friday, February 12, 2016
Monday, June 08, 2015
What happens if either a buyer or seller passes away during an escrow?
This is one of the strangest sales I've ever been involved in. Names and address withheld here. Recently, I represented a buyer couple with an off-market sale in Laurel Canyon. They wished to buy their neighbor's house. The actual seller was the neighbor's mother and the family lives in Utah. The seller family hates Realtors (o what a surprise) and they represented themselves in the deal. That is never easy and working with the sellers was like trying to pull a mule up a ladder.
It took a long time to get the property in escrow, but the buyers really wanted to purchase it. In the middle of the escrow, the seller passed away. Without a will or a trust. Which means probate court in both California and Utah to properly dispose of the seller's assets, including this house.
What happens with a property transaction when a party to the sale passes away? It stops the escrow, and often ends it. Things didn't look good here -- I thought it would be hard to get the whole seller family to agree on anything having to do with the disposition of the assets. That's what the probate process is for. But my buyers were determined. They found a California probate attorney that claimed to be able to get the probate done in 60 days (it can sometimes take 6 months). And they helped the Utah folks find an attorney in that state. It's a much quicker process in Utah.
Anyway, surprise! The property went through probate in two months, the sale was back on, and it closed last week. Kudos to my buyers for their very hard work and perseverance. Where there's a will, there's a way, no pun intended.
It took a long time to get the property in escrow, but the buyers really wanted to purchase it. In the middle of the escrow, the seller passed away. Without a will or a trust. Which means probate court in both California and Utah to properly dispose of the seller's assets, including this house.
What happens with a property transaction when a party to the sale passes away? It stops the escrow, and often ends it. Things didn't look good here -- I thought it would be hard to get the whole seller family to agree on anything having to do with the disposition of the assets. That's what the probate process is for. But my buyers were determined. They found a California probate attorney that claimed to be able to get the probate done in 60 days (it can sometimes take 6 months). And they helped the Utah folks find an attorney in that state. It's a much quicker process in Utah.
Anyway, surprise! The property went through probate in two months, the sale was back on, and it closed last week. Kudos to my buyers for their very hard work and perseverance. Where there's a will, there's a way, no pun intended.
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