Home Buying in Burbank : Questions & Answers

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Jamie Tian, Real Estate Pro in Los Angeles, CA
Jamie Tian answered:
I qualify for a VA loan. I am a student full time; receive untaxable income; I have 90 days to find a house or rent again. Which is the better option?
Hi Sean,

If you qualify for a loan, there are many reasons to buy instead of rent. When you rent, you are paying money each month that you can never get back. If you decide to buy, y ... more
0 votes Share Flag Tue Dec 16, 2014 Home Buying in Burbank
Traci Drewyer, Real Estate Pro in 91506
Traci Drewyer answered:
Looking for an Agent in the Burbank area who specializes in Condos. I am a WA agent looking to refer a close family friend to an wonderful agent.
Hi Jenna,

I'd be more than happy to help!

Burbank agent for nearly 10 years. Burbank born and raised.

Traci Drewyer
Traci@TraciDrewyer.com
818-395-4433
Bill Toth & Associate ... more
0 votes Share Flag Sat Sep 13, 2014 Home Buying in Burbank
Joel Johnson, Real Estate Pro in Bloomington, MN
Joel Johnson answered:
I am a first time home buyer. Is it advisable to go for a ForeClosure property?
Depends. Are you able to make minor repairs? I highly recommend getting a thorough home inspection to identify any major repairs. Distress property on average is sold at 15-25% disco ... more
0 votes Share Flag Mon Aug 18, 2014 Home Buying in Burbank
Arbi Sarkiss…, Real Estate Pro in 91504
Arbi Sarkissian answered:
Thoughts on purchasing a home adjacent to an apartment building in Burbank?
Resale will be affected but you are most likely getting the property for a discount as well. A positive take on it is that the home is most likely zoned appropriately for multi-units so ... more
0 votes Share Flag Mon Aug 18, 2014 Home Buying in Burbank
Von Bonilla…, Real Estate Pro in Pasadena, CA
Von Bonilla Von007.com answered:
What about buying a house across from an elementary school?
Hi Dave,

It all depends on your preference. If you have family members that attend that school that would be a plus, if not then it's up to you.

Von
0 votes Share Flag Wed Apr 23, 2014 Home Buying in Burbank
Von Bonilla…, Real Estate Pro in Pasadena, CA
Von Bonilla Von007.com answered:
Is it even possible to buy anything with very little down anymore? Excellent credit, stable 6-figure job!
Hi V,

You can buy a home with 3.5% down. I am a member of the Burbank Association of Realtors, if I can be of any help let me know.

Von
0 votes Share Flag Wed Apr 23, 2014 Home Buying in Burbank
Asad Taheri, Real Estate Pro in San Francisco, CA
Asad Taheri answered:
I'm looking for a house with garage, pool and garden. preferably modern and European. I'm still looking around, I still live in the
Hello,

I am Mortgage Consultant with HSBC Bank USA, I specialize in helping Expatriates and Foreign Nationals find the best Mortgage Solution. HSBC offers a Portfolio Mortgage that a ... more
0 votes Share Flag Thu Jan 23, 2014 Home Buying in Burbank
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
I am looking for a move in apartment that is renovated, has a pool (not a deal breaker) and allows small dogs. My price range is 900-1200.
I would look on Craig's List & on Apartment.com .You can also drive around in the neighborhood with for rent signs,some owners just put up signs for rent signs & don't do any on-line or ... more
0 votes Share Flag Sun Jan 19, 2014 Home Buying in 91505
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
Earnest Money Deposit
Hi Alex !

Happy Sunday !

The earnest money deposit is what it said it is, you are given an opportunity to buy the home.The seller is taking the property off the market for you.You ... more
0 votes Share Flag Sun Jan 19, 2014 Home Buying in Burbank
Susie Ledadom, Real Estate Pro in 91355
Susie Ledadom answered:
How common are cash buyers in Burbank in the current market?
Very common! Many of my clients, and including myself, have been outbidded numerous times by a cash buyer. It is true what they say, "Cash is King" and sellers often opt to accept a b ... more
0 votes Share Flag Tue Oct 8, 2013 Home Buying in Burbank
Alex Greer, Real Estate Pro in California
Alex Greer answered:
Open House This Saturday from 1-4 in Burbank, CA....
Sounds like you are hurting for buyers. Maybe a preferred lender like myself will help attract buyers.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes Share Flag Sat Oct 5, 2013 Home Buying in Burbank
Buttersgm, Home Buyer in Burbank, CA
Buttersgm answered:
is it still possible to buy a 3 bedrooms house in Burbank under 160000,for a cash buyer???and if yes ,where???
Not since 1992. Never buy SFR's for rentals. Spend your money on a duplex in north Hollywood.
0 votes Share Flag Fri Jul 19, 2013 Home Buying in Burbank
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
does the property at 215 w. linden avenue, burbank, ca have a basement?
215 Linden appears to be a 3- unit,it would probably not have a basement ,but may have a raised foundation with a small crawl space ,let me know if i can answer any other questions for ... more
0 votes Share Flag Wed May 29, 2013 Home Buying in Burbank
Brad Korb, Real Estate Pro in Burbank, CA
Brad Korb answered:
everything in burbank worth buying under $400,000 is not out there.priced outta my own town.
The market has bottomed out ,the first price jump is usually the biggest,there are home coming on the market close to $400,000.00 .You may have to adjust your price up a bit .Good Luck ... more
1 vote Share Flag Wed May 29, 2013 Home Buying in Burbank
Denise Weste…, Real Estate Pro in Sherman Oaks, CA
Denise Western answered:
We are relocating from Atlanta to LA in June 2013. We want to lease a single family home for $2,500. Retired couple so schools are not an issue.
Hello,

Yes, it may be a bit too early to start your search. I'm a Realtor with Prudential Califoria Realty in Sherman Oaks. I do, however, live in Burbank - for the past 25 1/2 yea ... more
0 votes Share Flag Mon Feb 4, 2013 Home Buying in Burbank
Linda Grigor…, Real Estate Pro in Burbank, CA
Linda Grigorian answered:
In real estate lingo, what's the difference between "fixer" and "needs TLC"? Are there degrees of fixes needed and where does TLC fall on that scale?
Fixer can be anything from outdated kitchen and baths to major concerns including exterior issues. Much broader implications.
TLC may be referred to a home that is simply a bit outdate ... more
0 votes Share Flag Tue Jan 22, 2013 Home Buying in Burbank
Douglas Lagos, Real Estate Pro in Pacific Palisades, CA
Douglas Lagos answered:
I am currently self employed and involved in a number of businesses- I find it extremely difficult to get a conventional loan.
Hi Jep,

Loan officers will require at least 2 years of tax returns. If you are self employed, copies from a CPA for the last 2 years tax returns, and current year.

You need to hav ... more
0 votes Share Flag Wed Jan 16, 2013 Home Buying in Burbank
Tammy Hunt, Real Estate Pro in Beverly Hills, CA
Tammy Hunt answered:
I want a lease-to-own, I have been renting most of my life, but at this point my credit is not the best.
Hello Deborah,

Many of these answers have already reflected the best advice someone can give you. The Burbank area is indeed a high demand area and thus owners have little incentive ... more
0 votes Share Flag Thu Jun 28, 2012 Home Buying in Burbank
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