Stephanie Payab - Encino, CA Real Estate, Tarzana, CA Real Estate, Sherman Oaks, CA Real Estate


The real estate market is filled with many high-quality residences, and after a comprehensive search, you've found a residence that fits your personal needs and budget perfectly. However, you may need to think twice before you submit an offer on this residence. There are many factors that homebuyers should consider before they make an offer on a house, including: 1. Neighborhood Ideally, you'll want to find a home in a community filled with friendly neighbors. But in many cases, homebuyers may focus exclusively on a residence and ignore the neighborhood entirely. Taking a walk around a neighborhood often allows you to get a better feel about what it is like to live in a neighborhood and may give you a chance to meet some of the neighbors as well. Also, a simple walk around the block will provide you with a better idea about whether a house's value may rise or fall in the foreseeable future. For instance, a neighborhood filled with houses with well-maintained front lawns, nearby parks and schools and other local amenities may prosper for years to come, and home values may rise in this neighborhood over the next few years. 2. Crime No one wants to live in an unsafe area, and you can learn about crime near a prospective home before you submit an offer on a residence. Contacting a local police station usually is a great idea for homebuyers who want to find out about crime statistics in a particular area. Furthermore, your real estate agent can provide insights into crime in a specific area and help you determine whether a particular house is the best option. 3. Traffic Although your dream home features all of the amenities you want, it might fail to provide you with quick, easy access to your office day after day. For example, traffic can be a problem if your house is located in or near a major city. And if you need to travel to work every day, it is important to understand how traffic could affect your daily commute. To better understand traffic patterns in a particular area, try driving to a residence at different times during the day. By doing so, you can learn about traffic patterns near a house and be better equipped to make a more informed decision about whether to submit an offer on a residence. 4. Taxes You've been pre-approved for a mortgage and have established a monthly budget for a new home, but taxes may vary depending on where you move. Thus, you'll want to learn as much as possible about potential taxes that you could face at a new residence before you submit an offer. Taxes may add up quickly, but homebuyers who budget accordingly can minimize the risk that they'll fall behind on tax bills. And with support from your real estate agent, you can learn about taxes that you may encounter if you purchase a particular residence. If you're fully satisfied with a residence after you consider the aforementioned factors, you'll be ready to submit an offer and move one step closer to moving into your dream house.

Welcome to this Tarzana oasis! Behind the charming gate, this picturesque private property has everything you could possibly need to feel comfortably at home. This 5 bedroom/5 bathroom house with additional bonus room+bathroom (totaling 6 bathrooms) in a separate unit above the garage, has gorgeous wood floors with ample space & storage. The recently updated kitchen shows off it's features, including oversized refrigerator and stainless steel double ovens, and has a lot of counter space. Great for entertaining, it boasts a formal dining room, living room, large family room, and what could be a library/playroom/office. Off of the kitchen, there are maid's quarters which are currently being used as an office w/built-ins. There is also a downstairs powder room that is easily accessible for guests. The kitchen leads to a beautiful patio area overlooking the tranquil backyard with built-in BBQ. The spacious master suite has a fireplace, walk-in closets and bathroom. 3 additional upstairs bedrooms are nice-sized, with one en-suite. The huge bonus room above the garage has a drop down movie screen that is perfect for a screening room, office or playroom. Additional features include: upstairs laundry rooms and downstairs "mud" room, synthetic grass, 3 car garage, locking front gate, electric gate to the huge driveway and so much more!

More Info on this Property | Sign up for Updates

18305 Tarzana Drive, Tarzana, CA 91356  

$8,500
Price
6
Bedrooms
6/1
Full/Half Baths
Welcome to this Tarzana oasis! Behind the charming gate, this picturesque private property has everything you could possibly need to feel comfortably at home. This 5 bedroom/5 bathroom house with additional bonus room bathroom (totaling 6 bathrooms) in a separate unit above the garage, has gorgeous wood floors with ample space & storage. The recently updated kitchen shows off it's features, including oversized refrigerator and stainless steel double ovens, and has a lot of counter space. Great for entertaining, it boasts a formal dining room, living room, large family room, and what could be a library/playroom/office. Off of the kitchen, there are maid's quarters which are currently being used as an office w/built-ins. There is also a downstairs powder room that is easily accessible for guests. The kitchen leads to a beautiful patio area overlooking the tranquil backyard with built-in BBQ. The spacious master suite has a fireplace, walk-in closets and bathroom. 3 additional upstairs bedrooms are nice-sized, with one en-suite. The huge bonus room above the garage has a drop down movie screen that is perfect for a screening room, office or playroom. Additional features include: upstairs laundry rooms and downstairs "mud" room, synthetic grass, 3 car garage, locking front gate, electric gate to the huge driveway and so much more!



This listing recently sold for $770,000.

5955 Vanalden Avenue, Tarzana, CA 91356  

$785,000
Price
$770,000
Sale Price
3
Bedrooms
3
Baths
Once you see this charming house on it's tranquil, tree-lined street, you won't want to leave! This 3BD/3BA Tarzana home has an open floor plan filled with updates including a spacious remodeled kitchen with stainless steel appliances, granite counters and large island. The kitchen overlooks an eating area, family room and dining area. Crown molding, french doors, speakers, and a fireplace adorn the great room. Two bedrooms are en-suite and all 3 bathrooms are updated. Ample storage space throughout the home. The backyard has a large sparkling gated pool with heater and a nice-sized patio perfect for entertaining. Water conserving features include solar panels, tankless water heater and imitation grass. You won't want to miss seeing this gem!


Buying your dream home should be simple. Unfortunately, challenges may arise during the homebuying journey, particularly for those who fail to budget accordingly.

Establishing a budget before you begin your home search is paramount. With a budget in place, you can explore houses that fall within your price range and move closer to finding a great residence that you can enjoy for years to come.

Ultimately, creating a homebuying budget can be easy – here are three tips to help homebuyers establish budgets.

1. Consider your utility costs.

Although you may be able to get pre-approved for a mortgage and determine exactly how much you'll need to pay for a house, you'll still need to account for utility expenses month after month.

Electricity, heat and other utility costs can add up quickly. However, a diligent homebuyer should have no trouble estimating his or her monthly utility fees.

Examining your current utility expenses can help you understand how much you may wind up paying in utility charges at your new address. Also, don't forget to consult with your real estate agent, as this professional may be able to provide details about the average utility costs associated with a particular residence.

2. Manage your debt.

If you decide to purchase a "fixer-upper," i.e. a home that requires extensive home repairs, you'll likely need to commit substantial time and resources to complete home renovation projects. Thus, you'll want to consider any home repair tasks that you may need to complete at a new address and budget for them before you make an offer on a house.

In addition, knowing your credit score can help you understand your debt. You are entitled to a free copy of your credit report from each of the three major credit reporting agencies (Experian, Equifax and TransUnion), and each report will provide information about any outstanding debt. That way, you can learn about your debt and find ways to minimize it prior to purchasing a residence.

3. Account for closing costs and miscellaneous expenses.

Home closing costs will include your loan origination, title insurance and appraisal fees and often range between 3 percent and 7 percent of your total loan amount. You'll want to account for these expenses as you establish a homebuying budget to ensure you can secure your dream house without delay.

Spend some time learning about all of the expenses that may impact your monthly home expenses too. For example, if you purchase a condo, you may face monthly homeowners association fees in addition to your mortgage costs. Or, if you plan to have a baby in the near future, you'll want to consider how the costs of raising a child may impact your ability to cover your mortgage expenses.

If you ever have concerns or questions about establishing a homebuying budget, be sure to consult with your real estate agent. Remember, your real estate agent is available to help you in any way possible and will do what it takes to ensure you can establish the right homebuying budget.




Loading