Home Buying in Burbank : Real Estate Advice

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MCM_STL, Home Buyer in Saint Louis, MO
MCM_STL answered:
We are debating whether to expand our current home or buy a new home. What is more cost effective in the long run (we will probably move in 5 years)?
I 100% feel your pain when it comes to living in a house that's too small for your needs.

You will lose money if you expand now and move in 5 years. Nearly all home "improvements" c ... more
0 votes Share Flag Fri Jan 22, 2016 Home Buying in Burbank
,  in
answered:
How common are cash buyers in Burbank in the current market?
One way to try to compete with cash buyers is with a hard money loan. An experienced seller (or seller's agent) knows that hard money loans fund much faster and with less hiccups than c ... more
0 votes Share Flag Thu Jun 25, 2015 Home Buying in Burbank
Richard Litt…, Real Estate Pro in Orange, CA
Richard Littlefield answered:
I am a 100% disabled veteran. So my first home in Old Hickory, TN. Now back to CA. because of health issues. So this will be my second use of my Home
Welcome back to CA.

The good news is that even though you have bought another home, you still pay no fees on this one!!!

Yes you can by a foreclosure, but the VA loans do require ... more
0 votes Share Flag Thu May 21, 2015 Home Buying in Burbank
Sara.eva, Home Buyer in Menifee, CA
Sara.eva answered:
I qualify for a VA loan. I am a student full time; receive untaxable income; I have 90 days to find a house or rent again. Which is the better option?
If you qualify for a loan, there are many reasons to buy instead of rent. When you rent, you are paying money each month that you can never get back. If you decide to buy, your monthly ... more
1 vote Share Flag Wed May 20, 2015 Home Buying in Burbank
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Sheryl Arndt answered:
SHOW AVERAGE RENTS IN BURBANK
Hello David, are you looking to buy an investment property to rent out as you are registered as a "Home Buyer" posting in "Home Buying in Burbank" asking a rental question?

Unfortuna ... more
0 votes Share Flag Thu Apr 2, 2015 Home Buying in Burbank
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Sheryl Arndt answered:
what is the average one bedroom rent in Burbank?
Hello David, unfortunately the inventory is quite low currently and the rentals in Burbank start from $2,200 for 1bd 1ba condo and $2,290 for 2bd 2ba condo and up. The purchase start fr ... more
0 votes Share Flag Thu Apr 2, 2015 Home Buying in Burbank
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Sheryl Arndt answered:
First time homebuyer
Hello Lynn, yes if you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve and you can be emailed l ... more
1 vote Share Flag Wed Mar 18, 2015 Home Buying in Burbank
Arbi  Sarkis…, Real Estate Pro in Glendale, CA
Arbi Sarkissian answered:
Thoughts on purchasing a home adjacent to an apartment building in Burbank?
Resale will be affected but you are most likely getting the property for a discount as well. A positive take on it is that the home is most likely zoned appropriately for multi-units so ... more
0 votes Share Flag Mon Aug 18, 2014 Home Buying in Burbank
Von Bonilla, Real Estate Pro in Arcadia, CA
Von Bonilla answered:
What about buying a house across from an elementary school?
Hi Dave,

It all depends on your preference. If you have family members that attend that school that would be a plus, if not then it's up to you.

Von
0 votes Share Flag Wed Apr 23, 2014 Home Buying in Burbank
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
I am looking for a move in apartment that is renovated, has a pool (not a deal breaker) and allows small dogs. My price range is 900-1200.
I would look on Craig's List & on Apartment.com .You can also drive around in the neighborhood with for rent signs,some owners just put up signs for rent signs & don't do any on-line or ... more
0 votes Share Flag Sun Jan 19, 2014 Home Buying in 91505
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
Earnest Money Deposit
Hi Alex !

Happy Sunday !

The earnest money deposit is what it said it is, you are given an opportunity to buy the home.The seller is taking the property off the market for you.You ... more
0 votes Share Flag Sun Jan 19, 2014 Home Buying in Burbank
Alex Greer, Real Estate Pro in San Jose, CA
Alex Greer answered:
Open House This Saturday from 1-4 in Burbank, CA....
Sounds like you are hurting for buyers. Maybe a preferred lender like myself will help attract buyers.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes Share Flag Sat Oct 5, 2013 Home Buying in Burbank
Buttersgm, Home Buyer in Burbank, CA
Buttersgm answered:
is it still possible to buy a 3 bedrooms house in Burbank under 160000,for a cash buyer???and if yes ,where???
Not since 1992. Never buy SFR's for rentals. Spend your money on a duplex in north Hollywood.
0 votes Share Flag Fri Jul 19, 2013 Home Buying in Burbank
Joel Johnson, Real Estate Pro in Blomington, MN
Joel Johnson answered:
I am a first time home buyer. Is it advisable to go for a ForeClosure property?
Depends. Are you able to make minor repairs? I highly recommend getting a thorough home inspection to identify any major repairs. Distress property on average is sold at 15-25% disco ... more
0 votes Share Flag Wed Jul 3, 2013 Home Buying in Burbank
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
does the property at 215 w. linden avenue, burbank, ca have a basement?
215 Linden appears to be a 3- unit,it would probably not have a basement ,but may have a raised foundation with a small crawl space ,let me know if i can answer any other questions for ... more
0 votes Share Flag Wed May 29, 2013 Home Buying in Burbank
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
everything in burbank worth buying under $400,000 is not out there.priced outta my own town.
The market has bottomed out ,the first price jump is usually the biggest,there are home coming on the market close to $400,000.00 .You may have to adjust your price up a bit .Good Luck ... more
1 vote Share Flag Wed May 29, 2013 Home Buying in Burbank
Denise Weste…, Real Estate Pro in Sherman Oaks, CA
Denise Western answered:
We are relocating from Atlanta to LA in June 2013. We want to lease a single family home for $2,500. Retired couple so schools are not an issue.
Hello,

Yes, it may be a bit too early to start your search. I'm a Realtor with Prudential Califoria Realty in Sherman Oaks. I do, however, live in Burbank - for the past 25 1/2 yea ... more
0 votes Share Flag Mon Feb 4, 2013 Home Buying in Burbank
Linda Grigor…, Real Estate Pro in Burbank, CA
Linda Grigorian answered:
In real estate lingo, what's the difference between "fixer" and "needs TLC"? Are there degrees of fixes needed and where does TLC fall on that scale?
Fixer can be anything from outdated kitchen and baths to major concerns including exterior issues. Much broader implications.
TLC may be referred to a home that is simply a bit outdate ... more
0 votes Share Flag Tue Jan 22, 2013 Home Buying in Burbank
Douglas Lagos, Real Estate Pro in Los Angeles, CA
Douglas Lagos answered:
I am currently self employed and involved in a number of businesses- I find it extremely difficult to get a conventional loan.
Hi Jep,

Loan officers will require at least 2 years of tax returns. If you are self employed, copies from a CPA for the last 2 years tax returns, and current year.

You need to hav ... more
0 votes Share Flag Wed Jan 16, 2013 Home Buying in Burbank
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