Silver Lake Are Homes and Information

The Grand Ole Echo - Country Music & Sunday BBQ - April through September in Echo Park

Just because we are LA doesn't mean can get our country grove on in the Spring and Summer time! The Grand Ole Echo Americana and country music festival has kicked off it's season for the 6th time now.

Join hundreds of folks as they gather in Echo Park now through September every Sunday night at 5:30. Relax out on the Ole Echo backporch and enjoy some good ole' fashioned BBQ and lemonade and listen to the acoustic sounds of country and folk music.

Some of the best county bands in LA come out to party, dance and eat up the fixin's. Local bands include Mike Stinson and former members of the Blasters, The Black Crowes and members of the Wilco.

Located at 1822 Sunset Boulevard in Los Angeles in the Echo Park Neighborhood the Grand Ole Echo offers artists from all over the southern California area including those right in LA and beyond. Americana music is a combination of so many different kinds of music that you can usually find something to enjoy while visiting.

Come every Sunday or just when it suits you. It's an early venue from 5:30 - 9pm every Sunday so come and have dinner and kick back to enjoy the sounds of the local country hills.

The event is free and suitable for all agents. Costs for BBQ range from $5 - $12 depending on portion and choice. The following is the local line up through Summer. More bands are sure to follow as we get a little closer toward the Fall.

Upcoming Grand Ole Echo Shows!

Sunday April 17th: Dafni, Ladies Gun Club, Rick Shea

Sunday April 24: No Show/Easter

Sunday, May 1st: Waiting for confirmations

Sunday May 8th: Waiting for confirmations

Sunday May 15th: Haymaker, Sara Petite, Brian Whelan

Sunday, May 22nd: John Goraj, Michael & the Lonesome Playboys, The Whispering Pines

Sunday, May 29th: No Show/Memorial Day...See you at Topanga Days Festival!

Sunday, June 5th: Brett Detar, Eric Shea, Old Californio

Sunday, June 12th: Dan Krikorian, Patrolled by Radar, Leo Rondeau

Sunday, June 19th: opener waiting to be confirmed/ David Serby, Ted Russell Kamp CD release party

Sunday, June 26th: opener waiting to be confirmed/ Funeral Club, Kip Boardman

Sunday, July 3rd: No Show/ Holiday Weekend

Map of 1822 Sunset Boulevard in Los Angeles in the Echo Park Neighborhood

Broker Associate Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com
Copyright © 2011 By Jenny Durling * The Grand Ole Echo - Country Music & Sunday BBQ - April through September in Echo Park*

CONGRATULATIONS,  this is not an acceptance!  What?!

Some REO agents have really automated their processes. I recently wrote an offer for some clients on a duplex in the hills of Echo Park.  It's a great property: updated kitchens, separate parking, separate yards, view from both units and both units being delivered vacant. This is especially terrific since Los Angeles has some pretty heavy-duty rent control laws and being able to set market rents and find your own tenants is a huge plus.

OK, my clients like the property and we put an offer together. Per the MLS, offers were to be "present directly to the seller" by logging onto a website and following the instructions.  Talk about automating processes!  I had to register at the site as a licensed California real estate agent.  Then I had to enter my clients' names and contact info along with just a few terms of the offer:  Price, escrow period, cash or loan and earnest deposit amount.  That was it!  They didn't want me to send the actual offer to anyone.

So I submitted as requested and received an auto-response that the offer was 'received'.   A day later I got an email that there were multiple offers on the property and that best and final offers were due by 3pm the following day. I conferred with my clients and submitted a new, higher offer for the property within the prescribed time frames. It had to be submitted through the site like the original offer. I couldn't simply modify the offer I'd already submitted. 

Voila!  At the appointed time, I received a rejection email for the first offer.  A few minutes later, I received an email with the subject line: "CA - Altisource Homes Listing 00070848080TRNL1 Offer Accepted".  YAY!   The first line of the email stated "Congratulations! We would like to begin the documentation process regarding your offer..."  Yay again!

Not so fast... The email continued on with how I would be receiving a bank addendum within 24 hours and there was a list of items that must be returned with said addendum within 24 hours after that. The final line of the email?  "PLEASE NOTE THAT THIS E-MAIL DOES NOT CONSTITUTE ACCEPTANCE OF YOUR OFFER". 

OK, so what to tell the buyers. Congratulations, your offer was accepted, but then, not really? Yes, I realize that the bank will need the actual offer and I need to get a signed acceptance for it to be "official" but here we are on Dec 23. Are they really going to send me something in 24 hours and expect my clients to read, sign and return it on Christmas?  I called the number provided in the listing. It sounded like a huge call center.  Press 1 for this, press 2 for that... I finally spoke to a real person.  I was stunned to hear that there would actually be people working Christmas Eve, Christmas day and right through the holiday weekend. 

Honestly, I will be shocked if we get the stated addendum within 24 hours, but my clients and I will be ready to fill out forms and return documents on Christmas Day if that's really how this plays out.  I guess we'll just have to think of this as a Christmas present of sorts!

Happy Holidays everyone!

For more information on buying bank owned properties and information on buying or selling property in  Silver Lake, Los Feliz, Echo Park,  and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Copyright © 2010 By Jenny Durling *CONGRATULATIONS,  this is not an acceptance!  What?!*

Echo Park Condos - The Sunset Five condos in Echo Park still up for grabs

We haven't seen many newly constructed Echo Park Condos so the developers of the Sunset Five condo complex probably expected them to fly off the shelf.  You many have read my post about the Sunset Five condos in Echo Park.  I thought the units were over priced when they first came on the market, and 4 months later my opinion has not changed.

Below is a chart of the Sunset Five Echo Park Condos showing their relative size and price changes since they came on the market in October of 2009.

As you can see from the last column, the price reductions have not been significant. These units were originally listed with Furstenberg Realty.  From what I can see, there was nothing wrong with the agent or his marketing.  Like so many sellers, the developer failed to see that the "problem" is NOT the listing agent, but the price. These Echo Park Condos were relisted just days ago with Deasy Penner & Partners as if listing the units with an agent that "specializes" in architectural properties will really convince buyers to pay more than they should!  In my opinion, it's just another example of sellers having an inflated opinion of the value of their property.

Don't get me wrong, Echo Park is a great place to live but this complex is not like the Sunset Silver Lake lofts with their great locations within walking distance of Sunset Junction and The Cheese Store of Silver Lake.  These Echo Park condos are surrounded by some pretty shabby looking homes with a bus stop right in front.  Sure, this section of Sunset Blvd may someday be the place for all things hip but you may have to wait a while.

If the idea of a newly constructed modern style Echo Park condo appeals to you, then by all means you should check out the Sunset Five units. They are open today and easy to show at your convenience so give me a call at 213-215-4758 if you'd like to take a look.  These units are ripe for bigger price reductions so let me help you get the right price if you'd like to buy one.

For more information on   Echo Park,Silver Lake, Los Feliz,  and surrounding areas, contact me directly at 213-215-4758 or check out LApropertySolutions.com

Broker Associate
Keller Williams Realty, Los Feliz
213-215-4758
http://www.LApropertySolutions.com

Copyright © 2010 By Jenny Durling *All Rights Reserved * Sunset Five Echo Park condos