Far more than building on a flat lot. There are lots of extra hoops one must jump through to build on a hillside in Los Angeles, and not all of the property may be usable for building. In addition there are likely to be grading, retaining wall and foundation costs not associated with building on a flat lot, that will vary from hillside lot to hillside lot. It's not really a question that can be answered generically.... more
You might like Texas too. It has very diverse geographic regions, plus the Gulf of Mexico for water sports, swimming, etc. I just know some parts of Arizona get really hot in the summer, but so does Texas! These are good sites to visit for free guides. I think they will mail them to you: http://www.arizonaguide.com/request-a-visitors-guide AND this one: www.traveltex.com. Good luck!!... more
If you use a conventional escrow company, your closing costs will cover mostly the cost of title insurance (if you choose that option), the escrow fee, and transfer taxes. It should run around 0.2-0.5% of the price of the home, depending on the price. If you're buying a condo, then you MAY also have to cover HOA transfer costs in addition to the prepayment of HOA dues.... more
Traditionally buyers put 3% of the purchase price down as an earnest money deposit, but this is not a number that is set in stone. In today's market more and more buyers have been able to put 2% or even 1% down, as it is much more of a buyer's market. In a seller's market it would be hard to do this, but when there are no other buyers and sellers are desperate to sell their homes, they will often accept less money in the buyer's deposit. Feel free to give us a call or check out our website for more information! And good luck with your purchase!... more
If you are in market where the majority of listings are short sales, just having more options is a benefit. In certain markets short sale are going to be in better conditions than Bank owned properties. You might want to pursue a short sale if you really like it. Typicaly there will be less offers on short sale, but no always the case. Be ready to wait about 4monts for bank approval. Be ready to be flexible with changing terms. You might not necesarily get a good deal but you will get the property you want.... more
Expect little, the price asked is probably too low for the bank but going lower will get even less response, these homes are as is and the bank will not make allowances for the property! If the bank makes a counter, it will be the only one they make if they even make one, so if you feel the price is something you can live with and the condition of the home is something you can live with, then accept the counter, otherwise look at better deals!... more
It is time to retain an atttorney to get her out.
I know that hindsight is 20/20 but you should have written into your purchase contract "property to be delivered vacant" and not accepted it with tenants if your intention was to rehab and put family in it.
Good luck but whoever removed the notice posted on the door violated the law.... more
You will want to refer to the rent control laws of the city where you are purchasing property to see if the tenants are protected under rent control or specific rights. After that your best bet if the tenant is not cooperating is to hire a lawyer to help you with your options. There are many great lawyers who handle evictions. Please let me know if you need a few referrals. I sell a ton of income property around Hollywood and can stear you in the right direction.
Keller Williams Realty
Are you wanting this appraiser because you are buying the land or selling the land? If it is because you are buying it and are financing it your lender will have to approve of the appraiser you use.
Otherwise, I have a couple of names for you for the Hollywood Hills property. They can probably recommend one for Carpinteria. Please contact me via email and I will email the names.... more