David Hitt, Coldwell Banker

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  • Real Estate Professional
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  • Coldwell Banker Residential Brokerage
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  • (818) 422-1702
David Hitt, Coldwell Banker,  in Sherman Oaks
  • 71 Answers
  • 8 First Answers
  • 29 Useful Answers
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About Me
David has been associated with some of the top Real Estate firms in Southern California & has been recognized as a consistent Multi-Million Dollar Producer. David's work in Real Estate Marketing & Advertising prior to his successful career in sales gives that added advantage to his clients. He is known as a problem solver & strong client advocate. He has a reputation for being quick, responsive & a strong negotiator. Most of his current sales come from repeat customers & referrals from past satisfied clients.

David is a native of Southern California & currently resides in Sherman Oaks. He received his Real Estate license in 1996. Most of David's past clients comment on his enthusiasm & positive attitude. He has assisted both Sellers & Buyers in San Fernando Valley & Los Angeles.

David’s website http://www.san-fernando-valley-ca-real-estate.com gets 30,000-35,000 hits a month & comes up in the top search results of Google, Yahoo & MSN.

Licensed Broker

GRI-Graduate Realtor Institute

SRES-Seniors Real Estate Specialist

ABR-Accredited Buyer's Representative

ePRO-Certified Internet Professionalism
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David Hitt,…'s Questions (0)
David Hitt,…'s Answers (71)

Short sale approved, buyer backed out

David Hitt, Coldwell Banker answered:
I cannot guarantee this information and recommend you should seek tax and legal advice from appropriate professionals. Since the short sale is approved I would give it a shot to relist since and try to avoid foreclosure. I believe that a short sale is better than a foreclosure on your credit. Lastly, I agree with one of the previous postings that the banks would rather try and negotiate on a short sale than to take on the great expense and time of foreclosing and taking this property into their inventory. Good luck. - Thu Oct 30 2008, 07:31
David Hitt, Coldwell Banker answered:
I would recommend that you find a good buyers agent who will do the foot work for you. Tell them exactly what types of updating you are or are not willing to do and other specifics of what you are looking for. That way they can gather the necessary information for you and report back to you saving you a lot of time. In California an agent is obligated and can only disclose the material facts that the seller has made them aware of or what can be seen visually without going on the roof or underneath the house. I suggest you contact a Coldwell Banker office in your area and speak to the Manager/Broker to explain your situation to have them recommend the right Buyers Agent. Good luck. - Thu Oct 30 2008, 07:18

How do you know what to offer on a house??

David Hitt, Coldwell Banker answered:
Schelly, my suggestion would be to consult with your realtor and ask them to pull up recent sales comparable (comps) of homes around the same square footage as the subject property. Have them get you two sets of comps for the immediate area (not farther than 1 mile away). One set from the MLS (multiple listing service) and one from the local title company(will pick up any For Sale By Owner Sales). Ask them to go back 3-4 months no more because any farther back it will not reflect the current market since we are in a declining market. After reviewing the information you may even want to drive by the homes that are most like the subject home to get a sense of each one. That should give you a good idea of the fair market value. Also, you should find out how long the subject property has been on the market as well of the comparable homes. If the subject home is on the market a while that may give you an indication the price may be a little high. Finally find out why the home owner is selling too to get a sense of their motivation. Good luck. - Wed Oct 22 2008, 22:00
David Hitt, Coldwell Banker answered:
As I am not an attorney and I am not qualified to give legal advice. You should contact your Realtor to attempt to resolve the matter with the seller and the Listing Agent. If you are unsuccessful you can let them all know you are going to seek legal counsel on the matter. You may or may not decide to contact a real estate attorney to see what your legal rights are and worst case scenario a letter from a attorney can sometimes motivate people. Good luck. - Tue May 6 2008, 08:03
David Hitt, Coldwell Banker answered:
You should get a referral of a reputable Realtor from a friend, family member or associate. If you have no luck then you should call the Coldwell Banker office locally and ask to speak to the manager for an appropriate buyer's agent. Please check out this link to view the benefits of working with a Realtor when buying a home http://www.car.org/index.php?id=MjgzMw== . A Realtor run the recent sales comparables in the area to give you an idea of the fair market value. Zillow is generally a good place to start as a reference but a lot of times it is off because it does not take into consideration location and condition in it's appraisal. Good luck. - Tue May 6 2008, 07:51
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