Home Buying in Santa Monica : Real Estate Advice

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David Cooper, Real Estate Pro in Los Angeles, CA
David Cooper answered:
Rent vs. Buying in Santa Monica
Santa Monica is as expensive as Newport Beach. You can do a quick drive by on Sunday open houses and verify for yourself how expensive it is. Your rental numbers seem realistic

Dav ... more
0 votes Share Flag Sun May 15, 2011 Home Buying in Santa Monica
Dp2, Other/Just Looking in Virginia
Dp2 answered:
Is it unwise to buy an investment rental property in a rent controlled area such as Santa Monica?
It depends on your exit strategy and your numbers.
0 votes Share Flag Fri Nov 1, 2013 Home Buying in Santa Monica
John Juarez, Real Estate Pro in Fremont, CA
John Juarez answered:
short sale
And what is it that you are asking about "short sale"?
0 votes Share Flag Tue Mar 8, 2011 Home Buying in 90403
Heather Paul, Real Estate Pro in Santa Monica, CA
Heather Paul answered:
Are there any lease to own homes on the west side?
Yes, there are a few of them. Which area are you looking to live in Santa Monica?

Heather Paul, Realtor
"Your Local Real Estate Expert"
Coldwell Banker Santa Monica
424- ... more
0 votes Share Flag Fri Feb 25, 2011 Home Buying in Santa Monica
Tara M Moore,  in Tucson, AZ
Tara M Moore answered:
i am buying a home. seller completed the wood inspection and provided report of work done on all section 1 items. Should i still do my own inspection?
Hi Umlia,

This is a great question. There are a few things to look at. Is the company they used reputable? What does your gut say about the whole thing? and what does your Realtor a ... more
0 votes Share Flag Thu Apr 14, 2011 Home Buying in Santa Monica
Elizabeth Sa…,  in Fort Collins, CO
Elizabeth Salinas Kelley answered:
i am new RE broker. i have an accepted offer from seller. How do i ensure that i will receive the commission. How do i know how much i will receive?
Your listing agreement and/or disclosures should address this. Your commission will be according to your full commission agreement, unless you had a different agreement at the time of ... more
0 votes Share Flag Sun Jan 16, 2011 Home Buying in Santa Monica
Kris Kanan, Renter in Santa Monica, CA
Kris Kanan answered:
Looking to relocate to SM next year and find a new job. Will I be able to secure a loan?
Hi,

I believe you simply need to provide proof of income in the same field for 2 years, not necessarily with the same employer. If you would like to find out for sure, I can refer yo ... more
0 votes Share Flag Mon Jan 31, 2011 Home Buying in Santa Monica
Andrew Jones, Real Estate Pro in Venice Beach, CA
Andrew Jones answered:
What would be a good investment property in the Santa Monica area?
Hi Suzie,

As a home buyer there are good long-term investments for appreciation, but L.A. (& Santa Monica) don't have a lot of great opportunities for pure investors. Income ... more
0 votes Share Flag Mon Sep 24, 2012 Home Buying in Santa Monica
Joseph Monte…, Real Estate Pro in Los Angeles, CA
Joseph Montemarano answered:
If a bank owns a foreclosed house, will they sell to me if i can put $200k down and pay them the mortgage from my income and not through a bank loan?
If you indeed can't get a loan then your best option is to find a seller willing to do seller financing.
That said, if you find a really good mortgage broker, then he or she shoul ... more
0 votes Share Flag Fri Jul 30, 2010 Home Buying in 90405
Dorene Slavi…, Real Estate Pro in Torrance, CA
Dorene Slavitz answered:
i will be working primarily near the west la va hospital & would like to buy in santa monica/venice most convenient for my commute. suggestions?
Hi Sarah,
I do know of homes in that price range which would be a short commute to your job but they are not located in your target area. You may also access the MLS from my website ... more
0 votes Share Flag Wed Jul 21, 2010 Home Buying in Santa Monica
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
Do mobile homes generally appreciate in value? In other words, are they a good investment?
Trailers and double wides both go DOWN in value. They are a depreciating asset and after 5 years are a lot harder to finance and after 20 years (maybe a bit less) are almost impossible ... more
0 votes Share Flag Fri Aug 13, 2010 Home Buying in Pico
Dorene Slavi…, Real Estate Pro in Torrance, CA
Dorene Slavitz answered:
Commercial agent/brokers:I'm looking for an exclusive commercial real estate property. Preferrable not listing in the los angeles westside
Dear Ikem,
I'm not grasping your question. Are you looking for an unlisted commercial property 5-7SF? Warehouse or Retail?
0 votes Share Flag Wed Mar 24, 2010 Home Buying in Santa Monica
Aaron Mirsky, Real Estate Pro in Los Angeles, CA
Aaron Mirsky answered:
Is there any rule when the escrow needs to be closed after court confirmation day in the probate sale?
Hi Thomas,

I don't believe there is a rule that determines the length of escrow. Generally speaking, the shorter the escrow, the more competitive the offer. The executor might ... more
0 votes Share Flag Tue Dec 15, 2009 Home Buying in Santa Monica
Emily Knell, Real Estate Pro in Huntington Beach, CA
Emily Knell answered:
When is the escrow opened in a probate sale with a court confirmation? When the title search needs to be started? Thomas California
Escrow could be opened once you have an acceptance from the owner or executor, even though the sale is still subject to court confirmation. There should be an attorney assigned to the ... more
0 votes Share Flag Tue Dec 15, 2009 Home Buying in Santa Monica
Yvonne Ferna…, Real Estate Pro in Santa Monica, CA
Yvonne Fernandes answered:
I'm interested in this TIC property http://www.trulia.com/property/1092134016-822-3rd-St-4-Santa-Monica-CA-90403I'm looking for an
Tenants in common (TIC) are investors who share an undivided interest in a particular property. If you are considering a venture of this nature, it is wise to seek the advice of legal ... more
0 votes Share Flag Sat Nov 21, 2009 Home Buying in Santa Monica
Bentley Advi…,  in San Mateo, CA
Bentley Advisors answered:
Can an alien on working visa own a property in America?
Yes. A non-permanent resident alien on an H1B work visa may own property. As a matter of fact, foreign nationals w/ no visa may "own" property in America. If you're as ... more
0 votes Share Flag Sun Nov 15, 2009 Home Buying in Santa Monica
John Barry, Real Estate Pro in Eagle Rock, VA
John Barry answered:
Is it unethical for a real estate agent/broker to steal a prospective purchaser away from another agent. The
Hi Stephenj,

Yes, this would most certainly be considered unethical. Whenever I am speaking to anyone who may be a prospective client, asks me to help them view a propert, etc., I A ... more
0 votes Share Flag Sun Nov 15, 2009 Home Buying in Santa Monica
Jodi Summers, Real Estate Pro in Pacific Palisades, CA
Jodi Summers answered:
condo with street parking only, buy or not?
If your condo is west of LIncoln Blvd. parking can be difficult.
Best….

Jodi Summers
Sotheby’s International Realty
jodi@jodisummers.com
www.SoCalGreenRealEstateBlog ... more
0 votes Share Flag Thu Jun 25, 2009 Home Buying in Santa Monica
Diamondc, Home Buyer in Los Angeles, CA
Diamondc answered:
I have 1,200,000 in cash. I will have $5,000 a month in income. How expensive a house can I afford?
i would say in the region of 50 - 100k
:-)
0 votes Share Flag Wed Sep 7, 2011 Home Buying in Santa Monica
Jodi Summers, Real Estate Pro in Pacific Palisades, CA
Jodi Summers answered:
How and where do I find out about short sales? My family and I are looking to buy.
Email me @ jodi@jodisummers.com and I'll send you some detailed information that I share with my clients regarding the short sale process. It's too detailed for this short format.

Be ... more
0 votes Share Flag Sat May 30, 2009 Home Buying in Santa Monica
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