Also, bring a trusted contractor through the property before you make the offer to eyeball it for any egregious issues.
The only thing a realtor will do is the comm between you and the seller agent, which YOU want to control. Once the seller accepts the offer, which may take some negotiating, the escrow & title co do all the work. The only thing a realtor does at this point is send you endless disclosures that absolve them of any responsibility and protect them//their firm from lawsuits!
in fact, the entire house buying process is filled with such disclosures and indemnities, as all liability and responsibility gets shifted onto the buyer these days due to the rampant greed and fraudulent practices by mortgage cos, title/escrow cos and realtors before the econ meltdown! So the consumer carries the burden! READ EVERYTHING!
Once you write the offer, which is on a standard form for which you can get detailed instructions, demand a decent contingency period (don't let anyone pressure you here into a 17 day contingency period, as big mistake), DO NOT WASTE YOUR $ on a general inspection. Pay the higher price for specialty inspections for roof, plumbing, electrical, geo (if necessary like if the prop is on a hillside), pool, etc. A GI takes no responsibility for anything, and only "inspects" the property in a very superficial way. You can conduct your own inspections to a degree by checking the working order of appliances, fixtures, etc. and let the specialists do the rest. Its worth the extra $. Get written bids for all issues that need repair or replacement to present to the seller.
A lawyer can make sure you are not agreeing to any dubious clauses or commitments, and will examine offer doc, disclosures, closing docs, etc. also, don't let the seller pressure you into accepting their escrow company. - you should compare fees between three different candidates, then if the seller balks, show them the fee differences if their choice is more expensive. Although they will lead you to believe it's the law that seller chooses escrow co, this is untrue. Also, as with every escrow and title company, watch the junk fees and demand they lower or remove them. Examples are "eDoc" fees, courier services (which they either don't even use or mark up), etc. insist on seeing actual receipts for all junk fees.
The use of this board to circumvent giving you real advice and pitch you for business, epitomizes the nature of the real estate broker/agent business. They are not on the buyer's side!
I think I know which property on Holly Drive you are referring to.
Are you currently working with a buyer's agent? If not, I would be happy to represent you and provide you some more information about the property as well as comparable sales in the area.
Feel free to contact me directly with any questions or concerns at (310) 717-1321 or JamieTian@RodeoRE.com.
Rodeo Realty Fine Estates
If you didn't already find a place, I would like to help you find a great house for you and your family.
Email me what you are looking for and maybe I can find you a foreclosure not on the market that may want to sell to you.
Let me know if you know of anyone looking for a job in real estate, or would like to get a real estate license. We are opening 12-24 offices in the next two years.
Al Goldberg Broker
Do you want me to email you an offer, or meet with you today?
Albert Maxwell Goldberg Broker
Sp - sold price of each sold
Sm - Maximum sold price.
Av - assessed value of each sold
Rf - Ratio Sp/av
Pt - price trajectory
Avrg RF* (subject)AV*%Pt For all solds
((AVRG SPSF * (subject)SF)*((LPSF/SPSF)*100)))*Pt
Offer which ever is higher and below Sm
I am a local Prudential California Realtor and work in 90068 very often and my office is close by to the townhome. If you have no buyer's agent, please call or text me now and we can put your offer together based on the area comps and I can submit it today. My lender can get you preapproved if you are not already, as it is a requirement and needs to be submitted with the offer. I am happy to privately discuss all details and explain my strategy for successfully getting you the home in this very competitive market we are in.
Jan Braveman, Realtor
PRUDENTIAL CALIF REALTY
13300 Ventura Blvd.
Sherman Oaks, CA. 91423
This community is very unique to the area in how new they are + being a townhome style w/ attached garage, so finding 'comps' is tougher.
"Fair" - is highly subjective in this market with bidding wars & buyers willing to pay over an appraised value to get properties. This is the only place on the market for the size/price/#of beds & attached garage. I wouldn't be surprised if this place sells closer to $630-650K based on other nearby condo sales.
I can research this are some more with regards to comparable sales, let me know if you would like to work with me & see the unit. Showing times are highly restrictive & tomorrow is the only day it's available to be seen.
Shoot me an email directly, I don't look back on this same Trulia posting for answers after mine.
Emily S. Knell
Realtor Since 1996
Realty ONE Group
To find a great buyer broker read the link I've attached below.
Have your Realtor do a Comparative Market Analysis (CMA) on the property using SOLD comps within a one mile radius of the property (the closer, the better) that have SOLD within the last 3-6 months. This will give you current market value and this is what you should base your offer on, not on list price - which may be too high or too low.
It is hard to know the current value without an exact address and without taking a look at the condition of the property. I would be happy to help you decide on a price to offer by providing you comparable recent sales in the area. This is the best way to see what would be a fair amount to offer for the property.
Feel free to contact me and I can provide you with more information and/or help you write up an offer.