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Laura Twors' Blog

By Laura Twors | Agent in Pasadena, CA
  • Gorgeous Pasadena Craftsman Homes

    Posted Under: Home Buying in Pasadena, Design & Decor in Pasadena, In My Neighborhood in Pasadena  |  May 20, 2012 9:42 AM  |  256 views  |  No comments

    Pasadena has some amazing craftsman homes and this one is a true example of a well maintained and updated home.  Stop by for a visit on Sunday, May 20 from 1-4pm and see for yourself just how gorgeous this home is.   You're going to love it!  I'll be waiting for you.  See you soon.  1684 N. Allen, Pasadena 

    P.S.  the Pasadena marathon is happening today so check on-line for the appropriate route to travel!





  • Foreclosure Homes and Tenants. What You Should Know Before You Buy.

    Posted Under: Home Buying in Los Angeles, Foreclosure in Los Angeles, Property Q&A in Los Angeles  |  January 19, 2011 5:36 PM  |  563 views  |  3 comments

    Foreclosure Homes and Tenants. What You Should Know Before You Buy.


    If you plan on buying a foreclosure property and it is currently occupied by a tenant …… here is what you should know:

    A TENANT CAN NOT BE EVICTED FROM A HOME DUE TO FORECLOSURE under the Protecting Tenants at Foreclosure Act.

    This act requires that a new owner who takes title and possession of residential rental property through foreclosure must honor existing leases until the end of the lease term with 3 exceptions:

    1.    If the new owner plans to occupy the property as their personal residence;
    2.    If you have less than 90 days on the lease;
    3.    If you are on a month to month lease term.

    In each of these cases the new owner/landlord needs to provide the tenant with at least 90 days notice to vacated the property.

    Check your local city HUD website for more information, and in the City of Los Angeles check for additional rules and regulations that are listed under the rent stabilization act.

    And as always, feel free to contact me if you would like me to elaborate on anything that I have written.

    Laura Twors, Realtor®
    (310) 919.8375
    Laura@HousingAround.com
    www.HousingAround.com
    Keller Williams Realty
    DRE# 01756000

    Visit me on Facebook at All Things Pasadena
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  • First Impression Matter: Here are the top 5

    Posted Under: Home Selling in Los Angeles, Curb Appeal in Los Angeles, Remodel & Renovate in Los Angeles  |  January 10, 2011 5:29 PM  |  554 views  |  2 comments
    First Impressions Matter: Here are the top 5

    Considering selling your home in today’s market? Think twice before saying “no” when your agent asks you to make smart upgrades or improvements. This year’s Cost vs. Value Report, by Remodeling magazine shows that upgrades do in fact help with the bottom line. Realtors® from 80 cities across the country rank your home remodeling projects and tell which ones re-coup the value and bring in the most bang for your buck!

    Remodeling projects can make or break the sale of your home from the curbside view. Potential buyers start judging what they think your home is worth the minute they see the front door. Don’t give potential buyers a reason to chew your price down with relatively minor home improvements that you are to lazy to fix.

    Here are the top 5 improvements that can help you get the most money from the sale of your home.

    1. Front Door Replacement.  Estimated cost $1218. Estimated cost recouped 102.1%

    2. Garage Door Replacement. Estimated cost $1291. Estimated cost recouped 83.9%

    3. Siding replacement (fiber cement). Estimated cost $13,382. Estimated cost recouped 80%

    4. Kitchen Remodel (moderate).  Estimated cost $21,695. Estimated cost recouped 72.8%

    5. Deck Addition (wood). Estimated cost $10,973. Estimated cost recouped 72.8%

    These are some of the things that you can do to help boost the resale value of your home when you are considering selling. Costs will vary depending on finishes and labor charges. Keep in mind that when looking to choose a contractor or specialist for a job it is always best to ask your friends, family or agent to recommend someone so that you will be basing your decision on past experience. Also, always do a background check with the better business bureau for complaints against the company/professional and make sure that they are licensed and insured.

    Laura Twors, Realtor®
    (310) 919.8375
    Laura@HousingAround.com
    www.HousingAround.com
    Keller Williams Realty
  • Foreclosures, Contracts, and Addendums

    Posted Under: Home Buying in Los Angeles, Foreclosure in Los Angeles  |  January 10, 2011 5:18 PM  |  344 views  |  No comments

    Can I change something on a bank contract or addendum page for a foreclosure?

     

    If you are serious about buying the property the answer is NO.  Unfortunately, a foreclosure sale is “as is” and the additional contract addendums from the bank are required for purchase of the property.  These addendums are used to make the foreclosure process for the bank personnel more uniform, since purchase contracts vary from state to state.  It is also important that you understand that these addendum pages override your regular state contract.  Therefore, you need to read them thoroughly.  If you are not sure of what is being expected of you, ASK!

     

    Your agent may not have all the answers regarding the bank contracts since they are not standard state procedure, but your agent should do everything that he/she can to get the answers from the listing agent for you before you sign the papers.  If you are still not satisfied with your findings, consult an attorney.

     

    In my experience, the biggest bone of contention for the buyer is the per diem cost for each additional day that the transaction does not close.  These fees will vary depending on the lender holding the note, however, in my experience they have fallen in the ballpark of about $100 per day.

     

    You can get a great deal on a foreclosure sale, but it is not without it’s headaches.   Make sure that your agent has experience in dealing with foreclosures so that they can navigate you through the rough waters!

     

    Happy hunting!

     

    Laura Twors, Realtor®

    Mobile (310) 919.8375

    www.HousingAround.com


 
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