Home Buying in 90292 : Questions & Answers

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Chad Cole, Real Estate Pro in Marina del Rey, CA
Chad Cole answered:
Airplane noise in Marina Del Rey
You won't hear airplanes living in Marina del Rey. There may be some noise from helicopters but that happens in all city areas.
0 votes Share Flag Mon May 11, 2015 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
What is the market like for first time home buyers? Are there still FHA loans?
Mary,

As a first time buyer I recommend you get in touch with a direct lender get qualified for a loan. There are FHA loans with 3.5% down payment. A conventional loan with require a ... more
0 votes Share Flag Tue Feb 11, 2014 Home Buying in 90292
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
Hello I just saw a condo selling for 280,000 dollars on marina point drive in marina del rey Is there any way that I can qualify for a FHA loan?
I would be glad to get you an FHA loan but I would need to know a bit more information about your finances. Your ability to obtain a loan relies on many financial factors such as income ... more
0 votes Share Flag Wed Oct 2, 2013 Home Buying in 90292
Monica Breck…, Real Estate Pro in Colorado Springs, CO
Monica Breckenridge Pink Team answered:
Is placing a significantly lower offer than asking price an issue with an owner?
I always recommend having a buyers agent write the offer for you. When you go through the listing agent then you aren't represented to fight for your offer. The listing agent becomes a ... more
0 votes Share Flag Mon Aug 19, 2013 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
Is it possible to take out a FHA loan if the home you're buying is above the $729,000 ceiling?
It is possible you would have to come up with the different above the required loan for FHA. Keep in mind if the desired property is a condominium, townhouse or (PUD) single family home ... more
0 votes Share Flag Sat May 25, 2013 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
what are CAP rates or Gross Rent Multipliers for small income properties with a sales price of 2.5 million
Net Operating Income (NOI), dividing it by the sales price, is the cap rate.

Example:
Say the property has an NOI of $250000, and the price is $2500000

$250,000/ $2,500,000 = 1 ... more
0 votes Share Flag Thu Feb 14, 2013 Home Buying in 90292
Gail Mercedes…, Real Estate Pro in 90045
Gail Mercedes Cole-Trulia VIP answered:
Definition of bedroom....
The definition of a bedroom is an enclosed room with a closet. I have shown properties with an extra room but not closet. That should not classified as a bedroom. In MDR you with see lo ... more
0 votes Share Flag Thu Feb 14, 2013 Home Buying in 90292
Cricket Yee, Real Estate Pro in Studio City, CA
Cricket Yee answered:
I purchased a brand new loft in marina del rey, ca on November 12, 2009. Can you tell me if I qualify for the $10,000 state rebate?
Sorry, the state rebate started on May 1, 2010. The federal one is good to go, though.
0 votes Share Flag Tue Nov 9, 2010 Home Buying in 90292
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Laura Kellam, Agent in 90292
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