Home Buying in Los Angeles>Question Details

Gae Feher, Home Buyer in Los Angeles, CA

I'm moving my elderly parents to the L.A. area, from Chicago.

Asked by Gae Feher, Los Angeles, CA Mon Mar 9, 2009

I would like to find a nice home that I could share with them. Ideally it would have at least 3 bedrooms, and at least 2 bathrooms. Ideally, it would have a pool and yard. I want to keep the price down as low as possible, but could go as high as $2100, if necessary. I prefer to lease to own a house, or buy a house with little or no down payment. The areas that are most desirable to me are: Glendale, Atwater, Silver Lake, Montrose, La Crescenta, Burbank, Toluca Lake. I wanted to know who or where to start.....

Help the community by answering this question:


There is one home on the market 3+2 in Burbank and one in Glendale under $400,000. There are 4 in the Silver Lake Echo Park area but they are probably in Echo Park. Your first step is definitely a mortgage professional who will help you figure out how much you can spend/afford.
Eileen Lanza
Keller Williams Realty
0 votes Thank Flag Link Mon Mar 9, 2009
Hi Gae;
I think it would be a great idea to start with a mortgage broker, who can talk about the financing options available to you. Then, consider a resource like Listingbook .
Listingbook's property information comes straight from the MLS. With timely updates, you gain access to a trusted and dynamic resource. Listingbook is your destination for real estate information YOUR WAY. Unlike other real estate search Web sites, Listingbook provides accurate and timely information about listings in your local real estate market. More than just a property search, Listingbook presents unique data about individual properties or an entire market that you can't get anywhere else. Best of all, you and you parents can each have accounts, communicate back and forth with virtual "sticky notes", and select properties to view with an agent. My clients rave about it. What else makes Listingbook unique? With your Listingbook account, view up-to-the-minute area sales information including Days on Market, List Price, Price Changes, and Sold Price, if available. With Listingbook, you Know It All!
This will get you ready to select the right home for you and your parents. Hope this helps!
Deborah Bremner
REALTOR, 00588885
Certified Short Sale Professional
Certified Home Retention Specialist
(D) 818.564.6591
Blogging at: http://TheBremnerGroup.com/blog
0 votes Thank Flag Link Fri Mar 19, 2010
Hi Gae

It truly is a pleasure to work with buyers who know exactly what they want.
I would suggest starting with the following:

1) The first step would be to get pre-qualified with a lender
I can recommend 4 lenders my office uses

2) Contact a reliable real estate agent/broker.
If you would like I can generate a list of homes in the areas you mentioned above. I also have contacts who sell properties on a lease to own basis

I really look forward to working with you

Monica Hernandez - REALTOR(R), SFR
Century 21 Amber Realty
23705 Crenshaw Blvd Suite 100
Torrance, CA 90505
dre lic 01239118
0 votes Thank Flag Link Fri Mar 19, 2010
Hi Gae, at the risk of saying something terribly unpopular with some of my fellow agents...unless you have previous experience living in areas of LA - I would consider renting for a year before jumping in to our market. The areas you mention are clustered in one basic geographic region, however, a few are worlds apart in terms of living, community and style. Los Angeles is comprised of many different kinds of neighborhoods and areas that cater to different kinds of people with very distinct life styles. Where you live is where you find your daily happiness, and in the bigger picture, that's all that really matters isn't it? What we do with today?

We have a local service called : westsiderentals.com. It's an exceptional resource for shopping neighborhoods for renting, with a "MLS-like" picture and mapping feature. It costs $60 for 2 months. You'll get a very good picture of what your $2100 will purchase in terms of rent, and you'll get the chance to explore the area before getting locked in to a home in a market where it may be 3-5 years or more before you'll be able to recoup your closing costs and trade homes.

Good luck - and welcome to California!
0 votes Thank Flag Link Wed Mar 17, 2010
Hi Gae!

How are you? Let me know when you're ready to get the inspection done. We'll make sure that you know what you're buying. Have you had any luck so far?
0 votes Thank Flag Link Thu Mar 26, 2009
First of all, if you are a first time buyer take advantage of the FHA financing, which lets you become a home owner with as little as 3.5% down payment. The first step I would advise you to take would be to get pre-qualified by a reliable lender. Here is the contact information for one that I use Al Rivera (562) 587-5284 or you can visit his website at http://www.altheloanguy.com

Secondly you need to find a realtor that can help you with the whole process of buying a home. I can provide you with access to the mls for buyers so you can see what is on the market for the areas you are interested in. Send me an email alexandrasellshomes@yahoo.com and I will gladly set you up for free.

If you have any further questions feel free to ask.
0 votes Thank Flag Link Mon Mar 9, 2009
Have you talked to a mortage professional yet? When are you planning on moving?
0 votes Thank Flag Link Mon Mar 9, 2009
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