Warning about Burbank Unified School Registration 02/19/2010

02/19/2010 - Burbank, CA
The Burbank Unified School district has started warning parents to register their children early for the upcoming 2010/2011 school year. Parents are being informed by letter and automated phone call that due to limited school site allotment, students may not be able to attend the schools in their immediate areas. Students may be forced into second or third choice schools. Our advice to those with school aged children who are thinking about moving to the Burbank area should check with the Burbank Unified School district as early as possible.

For more information contact the Burbank Unified School District at (818)729-4502 or check out their website:http://www.burbank.k12.ca.us/index.aspx?page=1

Featured Burbank Home of the Week 02/18/10

Our featured Burbank home this week is at 2633 N Buena Vista Street Burbank, CA 91504 listed for $559,000.00. This home is a 3 bedroom, 2 bath home with approx 1624 sq feet of living space. The home features two fireplaces, a den, living room/dining room combination, and a detached two car garage. The home is in excellent condition and is convenient to highways, shopping, and located within the desirable Burbank Unified School district. This home is also in close proximity to Burbank's Woodbury University for those looking for a property to house their attending children. We are hosting an open house on this property on Sunday 02/21/2010 from 1 - 4PM. For more information, email us at either phil@philandjill.com, or jill@philandjill.com. Have a great week!

New Homebuyer Workshop

Free! No Obligation - Just Great Information
Bring a friend !
Saturday February 6th 10:30-11:30 Am
Where: Bill Toth and Associates
4417 West Magnolia Blvd.
Burbank, CA 91505

Seating is Limited
Reserve Your Spot Today
philipkeppel@yahoo.com

http://philandjill.com
 DRE #s 01868844, 01875431

The State of Burbank, CA - Is It the Right Time to Sell?

Yes and no, it depends on which price category your home falls into. For example, the Burbank, CA inventory of homes in the $400,000 - $600,000 range is way down from years past creating a very competitive market where homes are selling above list. If one has been waiting to sell his or her home, now would be a great time - before the spring rush brings a flood of new properties to the market.

Overall, interest has been high.  We've seen a significant uptick in people attending our open houses. Many of these prospective buyers have been lamenting the lack of inventory and subsequent increased competition. First time home buyers have been most effected by the added competition with cash buyers/investors winning most offer battles. F.H.A buyers just cannot compete with cash buyers who place upwards of 20% down on the few desirable properties that come to the market. 

That said, we're once again seeing the flippers returning to the market. Many have asked - how can this be? Didn't these flippers lose their shirts when the market crashed? Some did, but many of these investors only lost the money they put down by simply walking away from their properties. After all, one does not need exceptional credit to buy homes once securing adequate cash reserves which many did during the boom years. They could now afford to sit back on the sidelines waiting for prices to fall before jumping back into the market. 

Now that many buyers are having problems securing financing with the new lending rules, cash buyers are taking advantage of the situation by buying the available low cost properties, investing a minimal amount in upgrades and then flipping the properties for a higher price once again. Those who are in a position to sell should while this market benefits them. Have a great day folks!