- 121 Answers
- 3 Best Answers
- 25 First Answers
- 52 Useful Answers
Hello! I am a passionate, creative Realtor working in Long Beach, Lakewood, and Signal Hill. I specialize in the eclectic areas of Los Cerritos, Virginia Country Club, Wrigley, Wrigley Heights, Bixby Knolls, and California Heights. I'm enjoying this challenging market as it is rife with opportunities for those who can see them. I love this site and the thoughtful dialogue that takes place here. Feel free to contact me personally at (562)756-4144.
Karen Miller,
's Questions (2)
Karen Miller,
's Answers (121)
Hi Ray,
First of all, what the sellers paid 3 years ago has nothing to do with the value today! Maybe they underpaid then. Analyzing the comps is your best method of determining value. If truly comarable condos in the area are going for the mid 600,000s, you should offer in the low to mid 600,000s.
Do you have your own agent? If not, find someone right away who can advise you properly. If the sellers of this property won't budge, find another condo. There are plenty on the market today.
Good luck,
Karen Miller
(562)756-4144 - Thu Jul 24 2008, 23:05
Hi,
As with any property you are buying, a good home inspector is essential. When you decide how much to offer, you should only count permitted square feet into the equation. If you make an offer that you feel is fair & it is accepted, then you're in. Keep in mind that the appraiser will only count the permitted square feet into his report.
Keep in mind, that when you sell, you have to disclose the lack of permits, which will make the house more difficult to sell.
Karen Miller
When you go to sell this house, you will have to disclose that - Fri Jul 18 2008, 15:35
Due,
You have no obligation to pay for anything. Dot brings up a good point. Your Realtor should have had the buyer sign a form stating that although he/she was advised to have a home inspection, they declined.
I would hold off on consulting an attorney, unless Keith is correct in assuming that there are more serious disclosure issues.
Best of luck,
Karen Miller - Thu Jul 10 2008, 21:33
Elizabeth,
Don't contact your title company. In California we use escrow companies. Your Realtor should contact the escrow company to see if he/she can work this out. If it is an REO property, your Realtor should have recommeded that you counter the Per Diem charge - that you would only pay if you're the reason for the delay. Now it is too late.
You will probobly have to pay, since you agreed to do this.
Best of luck,
Karen Miller - Thu Jun 26 2008, 17:02
Elvis,
Of course it would be prudent to repair the damage. That wasn't the question asked. Another realtor had suggested checking with an attornery to learn what the seller's responsibilities are. That is a waste of money, since they seller's aren't obligated to make repairs. I hate to see people waste money.
Karen Miller - Tue Jun 24 2008, 17:00
Sorry Diana,
This is California. The seller's have no obligation to make requested repairs other than bracing the water heater & providing smoke detectors.
Karen Miller - Mon Jun 23 2008, 12:58