Lezlie Brazil

When purchasing a home without the required permits, the new buyer often times must pay to correct the past owner's misdeeds. The new buyer is advised to pay for an inspection and permit (which may include late fees). Upon examination, the inspector will require anything deemed unsafe to be corrected. In order to make a proper assessment, the inspector may also require that any concealed parts of the project be revealed - open up a wall, for example, to see wiring or plumbing.

Unpermitted projects can affect:

Your ability to secure a loan - Most appraisers will reduce the price of the property based on any unpermitted areas. The lender is only going to offer a loan substantiated by a professional appraiser hired by the lender.
Your liability - If anything occurs as a result of unpermitted construction, you could be held financially liable. For instance, if a fire erupts as a result of problematic electrical wiring, then your fire insurance company may deny coverage of the claim.

The best thing to do is to contact the local Building & Safety Department and request a copy of the permit history on the property. Then you can move forward with obtaining any necessary inspections or permits. This process should begin well in advance of removing any inspection contingencies.

For more info on building permits, please contact:

Los Angeles Dept. of Building & Safety
201 N. Figueroa Street
Los Angeles 90012
www.ladbs.org

Good luck and feel free to contact me for more information.

Lezlie Brazil
Keller Williams Realty
4644 Admiralty Way
Marina Del Rey, CA 90292
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com
Whttp:// www.lezliebrazil.com - Fri Jul 18 2008, 15:51

Hi John,

The Crescent Park unit is still available after 136 days on market and no price reductions. Additionally, a CPU at Waterstone has become available. It's the same listing price as Crescent Park, but at 790 square feet, it's a larger unit with lower HOA fees.

Contact me if you need any additional information.

Lezlie Brazil
Keller Williams Realty
4644 Admiralty Way
Marina Del Rey, CA 90292
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com
Whttp:// www.lezliebrazil.com - Fri Jul 18 2008, 15:06

Hi John,

My research indicates that this unit is listed at $345K. It's a 1+1 with 642 square feet. The HOA fees are $520 and the property has been listed for over 100 days with no price reductions. The bank should definitely be ready to negotiate!

If you need some assistance negotiating the deal, please contact me:

Lezlie Brazil
Keller Williams Realty
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com
Whttp:// www.lezliebrazil.com - Mon Jun 16 2008, 17:49

Hi Katerin,

I am a Class of '95 UCLA Alumni and I am very familiar with the Westwood area.

I am not sure what your price range is, but currently, there is a 900 square foot, lender owned 2+1 on the market in the Wilshire Corridor.

Contact me for more details (including photos) and to schedule a property tour.

Lezlie Brazil
Keller Williams Realty
4644 Admiralty Way
Marina Del Rey, CA 90292
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com
Whttp:// www.lezliebrazil.com - Fri Jul 18 2008, 14:55

Hi Dirk,

I am a Class of '95 UCLA Alumni and I am definitely familiar with Westwood housing.

In your price range, there are mostly single and 1 bedroom listings in the area. However, there is a 2 bedroom that recently came on the market in your price range as well.

These units are located inside the high rise complexes on the major streets and feature such amenities as controlled access, clubhouses, pools and fitness centers. The square footage of these units range from 650-850 square feet.

Contact me for details (including photos) or to schedule property tours. Go BRUINS!

Lezlie Brazil
Keller Williams Realty
4644 Admiralty Way
Marina Del Rey, CA 90292
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com
Whttp:// www.lezliebrazil.com - Fri Jul 18 2008, 14:38

Absolutely! Right now there are two 2+2's on the market for $480K and $499K respectively. Contact me for more details.

Lezlie Brazil
Keller Williams Realty
T 310-991-4263
F 310-861-0207
E lezliebrazil@kw.com
Whttp:// www.lezliebrazil.com - Mon Jun 23 2008, 16:20