San Fernando Valley & the Westside
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Nikki Abish The Agency · CA DRE #01844904

The Calabasas and Encino move, without two mortgages running at once

Calabasas, Hidden Hills, Encino, Sherman Oaks, Woodland Hills. Buy the next house first. Then sell yours empty, staged, and on your own timeline.

The AgencyCalabasas · Hidden Hills · Encino · Sherman Oaks · Woodland HillsBridge and jumbo structures through a direct lending partner
Talk through the move
A conversation about the actual numbers. Nothing signed, nothing pulled.
The real problem

At this price point the gap between the two closings is the whole problem.

Nobody in Calabasas or Encino wants to carry two mortgages, and nobody wants to sell first and rent for four months with a family. So the move gets postponed, not because the equity is not there, but because the two transactions will not line up on their own. They almost never do. The gap is structural, and it is financeable.

Talk through the move
What changes it

Bridge and jumbo, handled by the lender directly

At $2M and up the financing is the transaction. Working with a direct lending partner holding 237 lenders means the structure gets designed before the offer goes out, instead of discovered in underwriting.

Talk through the move
Questions people here actually ask

Straight answers, before you need them

Can I buy in Calabasas before selling my current home?
Yes. That is a bridge, and at this price point it is the normal way the move gets done. You buy first, move once, then list your home vacant and staged. A vacant, staged home in the Valley almost always outperforms one being shown around a family.
Will I be carrying two mortgages?
Not necessarily. Bridge structures range from a small flat lender fee to no payment at all during the bridge period, depending on your equity and the expected gap. The question worth asking early is what the gap actually costs. That is a number, and it can be produced before you commit to anything.
What does the insurance situation mean for buying in a wildfire zone?
It means insurance is now a diligence item on the same footing as the inspection, not a formality at the end. Quotes should be pulled during your contingency period in the higher-risk Calabasas, Hidden Hills and Agoura corridors. The answer can change what a property is worth to you.
How much do jumbo lenders want in reserves right now?
It varies by lender and by file, which is the actual point: reserve requirements are one of the widest-ranging guidelines in jumbo lending. Being told a single bank's number is not the same as being told the range across the market.
My income is mostly self-employed or project-based. Does that kill a jumbo?
No. Bank-statement, P&L and asset-depletion qualifying all exist specifically for this, and they are used constantly at this price point in this market. It changes which lender the file goes to, not whether it gets done.
Talk through the move
A conversation about the actual numbers. Nothing signed, nothing pulled.
Coverage
San Fernando Valley & the Westside: Calabasas · Hidden Hills · Encino · Sherman Oaks · Woodland Hills · Tarzana · Studio City · Northridge · Porter Ranch

Talk through the move

The Agency

Tell me the situation in a sentence. You get a straight answer back, not a drip campaign.

Nikki Abish will reply personally. No list, no drip, and your number is not sold or shared.
Got it. Nikki Abish will call you back, usually the same day. Need it sooner? Call 818-219-1250