I am an agent here in West Los Angeles and I would be happy to talk to you about your options and help you find a home. Unfortunately, the inventory right now in Los Angeles is extremely low and we are seeing multiple offers on most properties, but that doesn't mean its impossible. With an FHA loan, it is more difficult to get your offer accepted among 20 offers but there are things that can be done to strengthen your offer.
Please feel free to contact me at JamieTian@RodeoRE.com or (310) 717-1321 and let me know more about your situation, your budget, and what are you looking for (location, # of bedrooms, etc). I would be happy to send you over a list of homes that fit your criteria. Also, if you have not yet been pre-approved, you should do that right away before starting your home search.
Frankly, I'm not sure that foreclosures and short sales are the best way to go. People are under the impression (often wrong) that that's where you find good deals. But when inventory is tight, that's one of the first places people will be looking. Now, if you find an agent who says differently, I defer to their opinion. Still....
So, here's the trick: Look for houses that are NOT listed...at least not listed as for sale.
For instance, look at houses listed for rent. If you find one you like, make a purchase offer on it.
Or--just drive through communities. Find one that meets your needs. Have your agent send letter to all the homeowners there expressing an interest. That's called creating your own opportunities.
Or try to get a jump on properties. Sometimes people plan on fixing their properties up before selling--new paint, new carpet, etc. Contact suppliers like that. Tell them that you're looking for people who are getting their homes ready to sell. Offer an incentive to anyone who gives you a lead, or to one who gives you a successful lead. Before some on Trulia say that you'd be acting as a real estate agent without a license: You're not giving a commission. You're paying for a sales lead.
And when you get agents who ARE interested in helping you, choose an established one from a large, active brokerage. Reason: They'll hear about properties before they hit the MLS. Example: In my office, there's a sales meeting every week. Part of that meeting involves going around the room, with each agent saying what he/she has clients looking for and each agent saying what he/she has or will soon have coming on the market. There are plenty of times I've seen one agent say, "We'll be having a 3 bed/2 bath in Pimmit Hills coming on the market next week around $375,000. Another agent says, "I've got a client looking for that sort of property; let's talk." And often enough, the property ends up under contract the same day it's put on the MLS. The buyers preview the property and get their offer ready to submit the moment it comes on the market.
Those are just a few ways to find properties in a really tight market.
Hope that helps.
I don't know what the problem is, you have enough to find a home in the West Los Angeles area. FHA can be a block for some sales, but not necessarily. There are not as many short-sales available, with you may not need to go that route. I just looked at a home for one of my buyers yesterday, in a very nice area that was in the $600,000 range.
The only thing I can think of is that some agents do not work with buyers, but prefer to work with listings only. Others have taken the time to sharpen their skills and become accredited "Buyer Representatives". They work a lot with buyers, including first-time buyers and they love it!
That's what you need, a really excellent, pro-active, and hard working "Buyer Agent" to help you.
IF you are still looking feel free to email me or call directly. I would be happy to discuss your needs.
The FHA financing may be difficult when you're competing with other offers, however it's not impossible. The agent that is assisting you needs to know how to make your offer "more attractive" to have a better chance of the seller accepting. I have worked with FHA buyers before and on the Westside (LA) as well. Feel free to contact me directly at 818-903-2040.
Sara Mehrpouyan CDPE
Direct Phone 818-903-2040
Dre License #01712757
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Hopefully, you get some good names from this post. A lot of what I've done for my FHA buyers is find inventory that is NOT on the MLS...for instance, investors, and for sale by owners. Your odds will be better if you find something that is not yet on the official market.
Best of luck.
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First of all I am sorry for your confussion and lack of support! I can't speak for anyone else, but I do know that Melissa and I will do our best to answer all your questions and return your calls in a timely manner. We consider ourselves Professionals and we will deliver our services in such a fashion. We believe in fast curteous service with the ability to meet your needs. The industry is growing and becoming more technology based! I believe we as REALTORS need to be up on all aspects of technology and communication. We are not in the same area ,but will be more than happy to give my opinion on certain matters .
Dan and Melissa
$750K is not a bad number at all. It's the FHA part that pushes away many agents. I would be happy to talk with you and discuss your options. Nothing scares me. I give my clients loyalty and perseverence for the same in return.
Keller Williams Larchmont
(323) 272-6657/(323) 559-4422
Call me or email or text me your email address and I will send you a list of homes not yet on the market, that are in foreclosure. If you like any I will contact the seller for you to see if they will sell to you.
Albert Goldberg Broker
I would be happy to assist you in your search.
Susan Bo'ur Realtor
I'm sorry to say I don't know the area so I don't know who to recommend. There is a Short Sale Specialist: http://shortsaleprola.com that is active on Trulia.
Here is a network of short sale specialists: http://www.short-sale-specialists.com/california/
Best of luck!