Home Buying in 90036 : Questions & Answers

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Don Brown, Real Estate Pro in Santa Monica, CA
Don Brown answered:
Need refi on upside down4plex in Texas before I purchase new property in L.A. Any suggestions?
Have you had an appraisal done on the subject to get a professional opinion as to the value of the subject?. I would start there. Give me a call or email me at Don@riocoestatepropertie ... more
0 votes Share Flag Thu Sep 12, 2013 Home Buying in 90036
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
Do you have any lease with option to buy properties?
Yes there are leases with option to buy but personally I shy away from them. Contract states:

- Said sale price
- Percentage of rent goes to down payment or reduction of sales pric ... more
0 votes Share Flag Sun Jun 16, 2013 Home Buying in 90036
Melissa, Renter in West Los Angeles, Los...
Melissa answered:
We have had an offer in on a short sale since mid April. This is also a bankruptcy. The court just gave approval 2 weeks ago for the seller to short
Unfortunately, it did not work out. October rolled around and we still hadn't heard from the bank. We ended up finding a standard sale that was much more than we wanted to spend, but we ... more
0 votes Share Flag Fri Jan 25, 2013 Home Buying in 90036
Kawain Payne,…, Real Estate Pro in Long Beach, CA
Kawain Payne, Realtor, Notary answered:
I am interested in a property that has been listed as a short sale for the last 150 days, and has dropped the
Hello Mamasion,

The amount of time it takes a bank to foreclose can vary. Some times it can be in as little as 90 days after the notice of default is filed. I have seen cases where p ... more
0 votes Share Flag Sat Jun 30, 2012 Home Buying in 90036
Kawain Payne,…, Real Estate Pro in Long Beach, CA
Kawain Payne, Realtor, Notary answered:
Some condos show the FHA status has expired. What needs to be done and how much to re-instate the status?
Hello Nancy,

Here are two ways to get FHA status renewed:

1. HOA needs to file a HRAP to have the FHA status renewed. It can take 6 to 8 weeks to get the status updated.

2. If ... more
0 votes Share Flag Sat Jun 30, 2012 Home Buying in 90036
Andrew Jones…, Real Estate Pro in Venice, CA
Andrew Jones (310)399-3740 answered:
Home value near school
Hi again Jay,

As agents we can't comment on the percieved qualities or differences of schools and neighborhoods because of serious equal treatment and anti-discrimination laws. ... more
0 votes Share Flag Thu Jul 29, 2010 Home Buying in 90036
Jl1688, Other/Just Looking in Bel Air, Los Angeles,...
Jl1688 answered:
How much can I afford?
LOL or worse...

Research going back for 100 years shows that home appreciation is some what mirror the inflaction rate.

Yes, you could google and confirm that's the answer. ... more
0 votes Share Flag Wed Dec 16, 2009 Home Buying in 90036
Dorene Slavi…, Real Estate Pro in Culver City, CA
Dorene Slavitz answered:
So frustrated. All the condos I look at are multiples that end up going over the asking price. When is the?
I know exactly what you mean. I had the same experience when working with the last two clients this year.
It was actually tough to find a nice condo, for a good price!
We were able to ... more
0 votes Share Flag Sat Jan 24, 2009 Home Buying in 90036
Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
What real estate agents use as sources for presenting buying opportunities to buyers?
Realtors use data from Multiple Listing Service as well as through personal networking in the industry
Can help you with homes that are off the market.

Also, they can set you up on ... more
0 votes Share Flag Tue Dec 30, 2008 Home Buying in 90036
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