Home Buying in Laguna Woods : Real Estate Advice

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aloha2645, Home Buyer in Glendora, CA
aloha2645 asked:
For the past few days I am unable to open the home photos. I thought it might be a problem with my home computer, but I tried to open the photos on my work computer and can't open them there either. My home e-address is aloha2645@gmail.com. I'm not going to continue with your site if I can't open the photos. Thanks…
0 votes Share Flag Sun Feb 21, 2016 Home Buying in Laguna Woods
Elizabeth Coe, Real Estate Pro in Irvine, CA
Elizabeth Coe answered:
How many rental condo's and co-ops can one couple own in addition to the condo they occupy?
You are only permitted to own one coop. You can own many condo's but you are only allow to rent one a live in one. If you wanted to buy others to flip you can do that.
You can own a on ... more
0 votes Share Flag Thu Feb 11, 2016 Home Buying in Laguna Woods
Elizabeth Coe, Real Estate Pro in Irvine, CA
Elizabeth Coe answered:
I want to buy a co-op for my father in Laguna Woods. I heard today that they no longer allow you to do that. Is this correct? Any way to make it work?
They have changed some of the rules, and I don't have a exact answer, but I can find out for you.

I do know of a resend situation where a son was buying a coop for his mother with h ... more
0 votes Share Flag Thu Feb 11, 2016 Home Buying in Laguna Woods
Frances Hicks,  in Laguna Niguel, CA
Frances Hicks answered:
I just started looking for a home in Laguna Woods and I had a really bad experience already with a Listing Agent that works for the onsite Brokerage.
I have a listing coming up for a 2 bedroom in Laguna Woods, give me a call and we can discuss. it is not on the MLS as yet. Frances 949-456-9777
0 votes Share Flag Wed Apr 1, 2015 Home Buying in Laguna Woods
Richard Litt…, Real Estate Pro in Orange, CA
Richard Littlefield answered:
I would love to rent a furnished 2br 2b place(apt.,condo, twnh.) in July to experience the community lifestyle. Any suggestions?
Click on my picture, send my what your want:

Beds

Baths

How much per month

There are actually a lot there to rent right now.

I will send you a free list no cost no obliga ... more
0 votes Share Flag Fri Mar 13, 2015 Home Buying in Laguna Woods
Alex Greer, Real Estate Pro in San Jose, CA
Alex Greer answered:
Interested in buying a property in Laguna Woods Village, but live out of state currently, any suggestions?
Sounds like you need a real estate agent. I would be more than happy to send over my list of preferred agents in the area.

I do not check replies, so if you have a comment or questio ... more
0 votes Share Flag Fri Mar 6, 2015 Home Buying in Laguna Woods
t333chen, Home Buyer in Somerset, NJ
t333chen answered:
Comparing Leisure World Seal Beach with Laguna Woods Village ?
Richard,

Did you find answers ? I am on the same boat. Could you please share your knowledge?

Thank you,
Chris
0 votes Share Flag Mon Dec 29, 2014 Home Buying in Laguna Woods
Cheryl Pelle…, Real Estate Pro in Los Alamitos, CA
Cheryl Pellettieri answered:
Seville model seems more expensive than other coop models, is that true? Why?
The Casa Monaco and Anadaluz models are a little more expensive. They are 3 bedrooms with a garage. You will find the pricing will vary depending on the gate number you choose and the l ... more
0 votes Share Flag Sun Dec 14, 2014 Home Buying in Laguna Woods
Randall Ortiz, Real Estate Pro in Sacramento, CA
Randall Ortiz answered:
In Laguna woods, is it possible for a non relative to purchase a co-op for someone? Or a condo?
Contact a couple lenders so they can go over the situation with you, shouldn't be a problem as long as they qualify.
0 votes Share Flag Mon Sep 29, 2014 Home Buying in Laguna Woods
Melchor, REA…, Real Estate Pro in Orange, CA
Melchor, REALTOR®, M.Ed answered:
Why are so many places up for sale at Laguna Woods....is there a problem? So Cheap....so I am asking if it is too good to be true ..something must be
Hello Star Eyes,

First and foremost, thank you for posting a question here at trulia. I appreciate it. Real estate prices range between the number of bedrooms and bathrooms. I am her ... more
0 votes Share Flag Sun Jul 27, 2014 Home Buying in Laguna Woods
Marie - 55+…, Real Estate Pro in Mission Viejo, CA
Marie - 55+ Lifestyle Specialist answered:
What are typical costs involved for selling a condo in LWV and also buying costs for a co-op in LWV?
Typical costs for selling a home in LWV would include fees for escrow, title insurance (for condo; not coop) property inspections, buyer home warranty and various other miscellaneous c ... more
0 votes Share Flag Thu Jun 5, 2014 Home Buying in Laguna Woods
Marie - 55+…, Real Estate Pro in Mission Viejo, CA
Marie - 55+ Lifestyle Specialist answered:
I was considering buying in Laguna woods, but was told that the owner could only rent the property 50% of the year. Is this true?
This was true until just recently. In the past, coops could be rented only for 6 months out of any given 12 month period of time. This has changed and coops can be rented the same as ... more
0 votes Share Flag Tue Jun 3, 2014 Home Buying in Laguna Woods
Marie - 55+…, Real Estate Pro in Mission Viejo, CA
Marie - 55+ Lifestyle Specialist answered:
a condo that you lease...who pays the homeownwer insurannce?
The owner carries the basic homeowners insurance. You would purchase a renters policy to cover your liability as well as your personal belongings. Many landlord's require that you pr ... more
0 votes Share Flag Tue Jun 3, 2014 Home Buying in Laguna Woods
Marie - 55+…, Real Estate Pro in Mission Viejo, CA
Marie - 55+ Lifestyle Specialist answered:
Can someone explain what are the differences between condo and coop?
In Laguna Woods (formerly Leisure World), title to a condo is given through a grant deed and recorded with the County as a matter of public record. Homeowners pay their property taxes ... more
0 votes Share Flag Wed May 7, 2014 Home Buying in Laguna Woods
Claudia Mull…, Real Estate Pro in
Claudia Muller Gravelle answered:
What if I have $1.5 million in liquid assets that I live on, but none it is shows as taxable income, will I meet the income requirements?
We do have a loan that looks at your liquid assets as income.
What we do is multiply your 1.5M by approx 5% and then divide by 360 for a monthly income.
This loan would require a mini ... more
0 votes Share Flag Tue Mar 4, 2014 Home Buying in Laguna Woods
Jennifer Fiv…, Real Estate Pro in Red Hook, NY
Jennifer Fivelsdal answered:
What is included in the HOA?
This really depends on the complex. Examples of what could be covered are; maintenance of common areas, taxes, improvements. You could get hit with special assessment if the roof or ... more
0 votes Share Flag Tue Dec 17, 2013 Home Buying in Laguna Woods
Janice Martin,  in Laguna Woods, CA
Janice Martin answered:
what impact does cash purchase have on qualifications for coop purchase?
Unfortunately the real answer is there is no impact. I've been battling for years to have the HOA financial requirements totally dismissed - but they have actually increased them. If I ... more
0 votes Share Flag Mon Dec 2, 2013 Home Buying in Laguna Woods
David Langdon, Real Estate Pro in Laguna Niguel, CA
David Langdon answered:
What are the financial requirements for a guarantor when buying if the proposed owner does not meet the $36,000 income for the coop?
The financial requirements for co-ops and condos are each different.

On a co-op, the guarantor must have annual income of at least $90,000 and marketable or income producing assets ... more
0 votes Share Flag Wed Nov 20, 2013 Home Buying in Laguna Woods
Steven Ornel…, Real Estate Pro in Fremont, CA
Steven Ornellas answered:
Several LW homes listed for sale on Trulia were SOLD months ago. Why are they still listed on Trulia's website??? This is irritating and misleading
Hi Randy,

Trulia is a popular destination site; however, Trulia IS NOT a true MLS; they are a MLS Data Syndicator. If you want true status/property accuracy (in 15 minute intervals) ... more
0 votes Share Flag Tue Oct 22, 2013 Home Buying in Laguna Woods
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
is there a limit on how many condos/co-ops one person can buy in Laguna woods?
When it comes to condos, you can own more then one as long as you qualify. This sounds to me like you're an investor. So have you considered financing for this property? There are some ... more
0 votes Share Flag Mon Oct 14, 2013 Home Buying in Laguna Woods
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