Portfolio Home Realty is a licensed California real estate brokerage (DRE #02232009) serving home buyers in Burbank, Los Angeles County, California. We provide full-service buyer representation and return 1% of the purchase price to the buyer as cash at closing.

How the rebate works in Burbank: The seller pays a 2.5% buyer agent commission ($26,250 on a $1.05M home). Portfolio Home Realty retains 1.5% ($15,750) and returns 1% ($10,500) to the buyer at closing.

Median home price in Burbank: $1.05M. Cash rebate on median purchase: $10,500.

Pre-qualification: Buyers should get pre-qualified before searching. Our partner iLoanCA (https://www.iloanca.com) provides free, fast pre-qualification with no credit impact.

Contact: (949) 379-5320 | mike.basti@portfoliohomerealty.com | 13763 Fiji Way, Marina Del Rey, CA 90292  ·  4000 MacArthur Blvd, Ste 600, Newport Beach, CA 92660 | DRE #02232009

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Burbank tree-lined residential street with single-story ranch homes and green lawns — Portfolio Home Realty buyer agent
Burbank, Los Angeles County

Buy a Home in Burbank
Get Cash Back at Closing

Portfolio Home Realty serves Burbank buyers with full-service representation and a 1% cash-back rebate at closing. At the Burbank median home price of $1.05M., buyers receive $10,500 back. DRE #02232009.

Full-service buyer agents in Burbank. The seller pays our commission — we return 1% of the purchase price to you at closing. Expert representation, real money back. Get pre-qualified first →

$1.05M
Median Price
22 days
Avg. on Market
$10,500
Your Cash Rebate
Seller's
Market Type
Get my free rebate estimate →
📅 Last updated: May 2025  ·  Median prices reflect April 2025 market data  ·  View all buyer guides →

Buying a Home in Burbank, California

Burbank is the "Media Capital of the World," and that isn't just a slogan — Warner Bros., Disney, Nickelodeon and a cluster of post-production houses anchor a local economy that keeps housing demand steady and personal. Buyers here are heavily drawn from the entertainment industry, plus families chasing the well-regarded Burbank Unified schools and the small-town feel of a city that runs its own police, fire and Burbank Water and Power. At a median around $1.05M it's one of the more attainable footholds in the studio-adjacent Valley, which is exactly why it moves fast — a Seller's Market averaging just 22 days on market.

The housing is mostly 1920s-to-1950s single-family: Spanish, Traditional and Mid-Century homes on modest lots, which means original electrical panels, foundations, sewer laterals and unpermitted garage conversions are common things to check. Our Burbank buyer agents know which blocks and eras carry which issues, and because the seller pays our commission we return 1% at closing — $10,500 on a $1.05M purchase, money you can put toward a rate buydown, repairs or your reserves.

Burbank Neighborhoods & Submarkets

Burbank's neighborhoods each have a distinct feel — walkable and vintage in one, equestrian in another, hillside in a third. Here's how our agents frame them.

Magnolia Park

The city's most-loved walkable pocket — 1920s-40s bungalows steps from the vintage shops and cafes of Magnolia Boulevard. Charm and character sell fast here and often draw multiple offers.

Around city median

Rancho District

Burbank's equestrian enclave near the LA Equestrian Center, where properties come with horse zoning, stables and bridle paths. A rare, tightly held niche that commands a premium.

Above city median

Burbank Hills

View homes rising into the Verdugo foothills, generally the city's most expensive tier for the outlook and larger lots. Worth checking access, grade and fire-zone status before you offer.

Well above city median

Media District & South Burbank

Condos, townhomes and smaller homes closest to the studios and the 5 — the most attainable entry point and a favorite of industry professionals who want a short commute.

Below city median

What Our Agents Know About Burbank

A fast market full of pre-war houses rewards buyers who move quickly but inspect carefully. These are the things worth knowing before you write in Burbank.

Charming Older Homes Need a Closer Look

Most of Burbank's housing predates 1960, so knob-and-tube or original panels, galvanized plumbing, clay sewer laterals and unpermitted garage or additions are routine finds. We push for a sewer scope and permit-history check up front — and your $10,500 rebate can help fund the credits or repairs those inspections uncover.

Well-Priced Homes Go in Under Three Weeks

Burbank is a firm Seller's Market averaging 22 days on market, and turnkey homes in Magnolia Park or near the studios frequently draw multiple offers. Being fully underwritten and ready to tour same-week is what wins here — not simply the highest number.

The Studios and Schools Drive Demand

Proximity to Warner Bros. and Disney and access to Burbank Unified schools are the two forces that keep this market tight. We help you weigh commute, school boundaries and resale so you're buying where demand — and value — will hold.

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From our Blog

How the 1% Cash Back Rebate Works

Expert advice for Burbank home buyers — read our full guide.

Read →
Buyer Tip

Why You Should Get Pre-Qualified Before Searching in Burbank

Most sellers won't consider your offer without it — here's how to get it done in 5 minutes, free.

Read →
Portfolio Home Realty Buyer Tip — Burbank

On a pre-war Burbank home, add a sewer-line camera scope and a permit-history pull to your standard inspections — clay laterals and unpermitted garage conversions are two of the most common (and costly) surprises in this housing stock. Then come in fully underwritten, not just pre-approved: in a 22-day seller's market, iron-clad financing is often what lets you write same-day and beat competing offers.

Why Burbank Buyers Choose Portfolio Home Realty

In a fast market of century-old houses, an agent who knows the blocks and the building quirks — and pays you back — makes the difference. Here's what working with us looks like in Burbank:

Local knowledge of Magnolia Park, the Rancho, Burbank Hills and the Media District
Sewer-scope, permit-history and pre-war systems vetting on older homes
Same-week showings and offer strategy for a fast 22-day market
$10,500 back at closing (1% of purchase price) toward repairs or a rate buydown

How the Burbank Cash Rebate Works

The buyer-agent commission is already built into the seller's contract — it's priced into the deal whether or not you use it. We collect it, keep our share, and rebate 1% of the purchase price straight back to you at closing. On a $1.05M Burbank home that's $10,500, real money toward repair credits on an older house, your rate buydown, or cash reserves. Here's the breakdown:

Get Pre-Qualified Before You Buy in Burbank

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Why pre-qualify first?

Know your real budget

Stop guessing. Get an exact number so you only tour homes you can actually buy — and negotiate with confidence.

🏆

Win in Burbank's market

Sellers won't consider offers without a pre-qual letter. In a competitive market, it's the difference between winning and losing.

Move fast when it matters

The best homes go fast. With financing lined up, you can submit an offer the same day you find the right home.

Answer a few quick questions and get your free pre-qualification letter — no commitment, no hard credit pull.

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Source: Freddie Mac PMMS via FRED

✦ What To Know Before Buying Here

  • Median home price in Burbank: $1.05M — you get $10,500 back at closing
  • Market: LA County — competitive, pre-qualification required before offers
  • Your agent: Portfolio Home Realty DRE #02232009 — full service, no trade-offs
  • Next step: Get pre-qualified free — takes 5 minutes, no credit pull

Your Rebate at Closing — $1.05M Purchase

Seller pays our commission · We share it with you

Seller pays buyer agent commission (2.5%)
$26,250
Portfolio Home Realty retains (1.5%)
$15,750
Your cash rebate at closing (1%)
$10,500

Rebate up to 1% of purchase price. Subject to lender approval.

Frequently Asked Questions — Buying in Burbank

How much cash back can I get when buying in Burbank?
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Portfolio Home Realty returns 1% of the purchase price to you at closing. On a $1.05M purchase — near Burbank's median — that's $10,500 in cash back. The rebate is completely legal under California law and doesn't affect your purchase price or the seller's proceeds.
Does getting a rebate affect the quality of representation I receive?
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Not at all. Our agents provide full-service representation — property search, tours, offer writing, negotiation, inspection coordination, and escrow management. With Burbank's mostly pre-1960 housing, that also means arranging sewer scopes, pulling permit history and flagging unpermitted conversions before your contingencies expire. The rebate comes from our side of the commission structure, not from cutting corners on service.
What's the current Burbank real estate market like?
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Burbank is currently a Seller's Market, with a median sale price of $1.05M and homes averaging just 22 days on market. Studio-industry demand and the draw of Burbank Unified schools keep well-priced homes — especially in Magnolia Park and near the studios — moving fast, often with multiple offers. Our agents provide a current comparative market analysis for any home you're considering before you make an offer.

About Portfolio Home Realty in Burbank

Portfolio Home Realty is a licensed California real estate brokerage (DRE #02232009) serving home buyers throughout Los Angeles County and greater Southern California. Our Burbank buyer agents provide full-service representation while returning 1% of the purchase price to our clients as a cash rebate at closing. To speak with a Burbank buyer agent, call (949) 379-5320 or email mike.basti@portfoliohomerealty.com.

Buy in Burbank —
Get Cash Back.

Talk to a licensed Burbank buyer agent today. Free consultation, no obligation. We'll walk you through your exact rebate estimate and answer every question.

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(949) 379-5320
🏦

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Browse real-time MLS listings in Burbank and all of Southern California. Any home you buy earns you 1% cash back at closing.

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