Katherine Kelly Lang Selling Home in Sherman Oaks

Soap star Katherine Kelly Lang, who has played Brooke Logan Forrester on CBS’s the “Bold and the Beautiful” since 1987, and husband, entertainment industry executive Alex D’Andrea, have listed their Sherman Oaks home.

The South of the Blvd. abode blends warmth, charm and impeccable designer interiors. It has 3,410 square feet of living space, 5 bedrooms and 3 baths. Soaring ceilings, wood floors, fireplace, and a 7’ built-in wine rack are just a few of the home’s perks.

The generous master suite includes a spa tub, separate shower and walk-in closet. The backyard boasts a basketball goal, lush landscaping, viewing area, and even a putting green.

Lang and D’Andrea’s home is situated in the Dixie Canyon Elementary boundaries and close to many prestigious private schools. The house is priced at $1.449 million and Todd Jones of Rodeo Realty is the listing agent.

For more information visit: www.toddjoneshomes.com/dixiecanyon.aspx

Kenny Roger's Former Home On the Market

Lauren Case and Stefani Porter of Rodeo’s Woodland Hills office are co-listing the former home of country music icon Kenny Rogers. The 3,147 square foot Spanish Hacienda hideaway is on more than an acre of land in the Mulholland Scenic Corridor. Apparently Kenny Rogers was the home’s first owner back in the late 1970s.
Designed for indoor/outdoor living, the home has numerous French doors opening to pergola covered patios featuring a built-in BBQ grill, a large swimmer’s pool and spa, a putting green, flat lawns and mature landscaping.
Close to hiking, bike trails and urban areas, the multi-level 4 bedroom, 3 bath residence has sweeping mountain views from bedroom verandas, custom plaster walls, carved wood & iron entry door, tall ceilings, wood beams, skylights, and imported French stone & tile accents.

The chef’s kitchen has a large custom built eat-in granite table large enough to seat six with wood cabinetry and wine rack beneath, granite counters, Sub Zero fridge, and Viking range with grill. For more information contact Lauren at (818) 974-8722 or Stefani at (818) 999-2030. You can also visit the listings section of http://www.laurencase.com/.

Renewing Your Real Estate License

The “Broker’s Corner” contains information on current issues regarding the Department of Real Estate, National Association of REALTORS, California Association of REALTORS and legislative activity affecting our industry.
By Ken Davis of Rodeo Realty
I would like to address procedures for renewing your real estate license. The DRE provides two methods for renewing your license, whether it be a Salesperson’s or Broker’s license.
The first is sending paper documents by mail. Assuming 3-5 days for the post office to deliver, and 3-5 days for the DRE to log it in and cash your check or charge your credit card, you can expect at least 6-10 days before you have any evidence the DRE has acknowledged your renewal application and accepted your payment.
If you have 2-3 months before your license expires, you probably will not experience the stress of your license expiring on the DRE website. Or maybe you will. The DRE is generally running 45-60 days late in processing mail-in renewals.
If your license expires, the DRE requires your broker to sever you from Rodeo Realty, until proof of renewal is provided. The DRE forbids you from practicing your profession while your license is expired. This is not something any of us want to face.
The second method is “E-Licensing”. You simply file the same information you would have submitted by mail, but you do it on-line. When you complete the on-line form, you fill out a credit card payment authorization and click the submit button.
If you have a broker’s license, you are finished. If you have a salesperson’s license your broker is immediately notified by e-mail that your renewal has been submitted electronically. Your broker logs into the DRE e-licensing page and acknowledges the submission. In a nanosecond, your license expiration date is advanced four years and you and your broker can go on to more important things.
The moral of the story is, if at all possible, please use E-Licensing to renew your license. It will save you stress and make your broker smile!

Pricing a Home Competitively: Rodeo Realty Agents Share Thoughts

In the current housing market, sellers are trying to make up for lost ground from the housing bubble burst, and buyers are trying to snatch up properties for rock-bottom prices. Both are understandable positions to take.
But how do you get the former to list their homes at competitive prices and the latter to make realistic offers? Here are a few thoughts from Rodeo Realty agents.
Ron Tanzman of Rodeo Realty’s Calabasas office said it’s important to suss out the educated versus unrealistic buyers and sellers.
For the “unrealistic” ones, find out how they came up with their numbers. Are they basing those numbers on pure emotion, desire to make up for lost ground in the economy or what?
Tanzman said in most cases he can get buyers to list at a competitive price by simply showing them comparables in the area. If not, he pulls the “Sale or sit close” – e.g. If it’s priced at X amount you can plan on selling. If it’s priced at Y you can plan on sitting on the home.
Homes in the under $500,000 segment are netting multiple offers when priced right, he said. Those in the $700,000+ are moving when priced competitively. Otherwise, they may sit for five or six months and go through multiple price reductions.
For buyers, “winning” is often more of the objective than price alone. So Tanzman points out multiple ways they can win right now. Historically low mortgage rates and the benefits of home ownership are a couple examples. If they’re still not willing to budge from an unreasonable offer, and that offer isn’t gaining traction with the seller, it might be time to show them another property.
Denise Nelan of Rodeo’s Studio City office said one of the hardest factors to contend with is buyers and sellers thinking they know about real estate. Unfortunately, many get their information from friends or web sites that are out of touch with specific market realities.
She stresses comparable sales in the area. When dealing with a buyer who’s asking for everything under the sun during the negotiation, she also may ask them to put themselves in the shoes of the seller.
Nelan recalls one multiple offer scenario where a buyer asked the seller to “pay for any and all repairs.” Needless to say, the vagueness and potentially expensive nature of that statement didn’t go over so well.
Agents have to learn to count to 10, take a breath, and write or lose offers until they get the one that sticks, said Nelan. Sometimes you also have to know when to pull back. Agent’s communication skills are certainly being put to the test right now, she added.
Scott Cort of Rodeo’s Beverly Hills office lists properties ranging from $600,000 to $13 million. Despite money being dirt cheap right now, there has been very little activity on some of his listings – a fact he chalks up to some sellers not being willing to drop their prices.
In contrast, he recently listed a short sale property for $699,000 (Mind you, all of his properties are A-A+) That listing netted more activity than some of his others combined
Cort said you have to be realistic with sellers up-front and have a lot of patience.
He draws up Excel spreadsheets for sellers and lets the comparables speak for themselves. In one case where a seller was asking too much for a property, it took a month of e-mailing back and forth for the seller to digest the realistic asking price. He finally came to terms with reality and dropped the price.

By Eric Billingsley, publicist, Rodeo Realty

Bob Mackie's Former Beverly Hills Home

bob mackie house

Rodeo Realty’s Joe Babajian is listing the former Beverly Hills abode of fashion designer Bob Mackie. It is located in the desirable “Crest” streets in prime BHPO. Recently renovated designer interiors include: a dramatic living room with fireplace and 12’ ceiling; showroom-quality kitchen with top-of-the-line appliances that opens into a family room; formal dining room; and separate office. The master suite features a sitting room, dual closets and master bath with spa tub. There are four other bedrooms including a staff room with separate entry. Floor-to-ceiling windows throughout the house provide plenty of natural light and prime views of the city. Other features include wood floors, integrated audio visual system and security system. And the grounds? The property is on a street-to-street lot that offers a tranquil and private setting. It also has a large patio and fire pit for entertaining. List price: $2,695,000. See more at: http://www.9314lloydcrestdr.com/