Home Buying in Hollywood : Questions & Answers

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Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence 727.420.4041 answered:
Negotiation advice with the bank needed
Question posted in Jun 2011.
Do you think the buyer is one of the rare 1st timers to succeed with a short sale?
0 votes Share Flag Thu May 22, 2014 Home Buying in 90068
Inna Ivchenko, Real Estate Pro in Encino, CA
Inna Ivchenko answered:
hi guys im an aussie wish to buy some property in us arizona looks good can anyone tell me if their are better options
Dear Phillip,
What a purpose of your RE purchase? Investment or for yourself? If investment: What do you plan to do next with them: flip/rent out? What is the price range and ROI expec ... more
0 votes Share Flag Thu May 22, 2014 Home Buying in 90068
Inna Ivchenko, Real Estate Pro in Encino, CA
Inna Ivchenko answered:
I am a realtor with Prudential California Realty in Los Angeles. I have been unsuccessful at adding two of my SOLD properties to my Trulia listings.
I tried to add my sold listings a few times, but failed as well( often even For Sale don't get here)
So I stopped trying.
Good luck. Let me know if you figure it out.

Kindest regar ... more
0 votes Share Flag Thu May 22, 2014 Home Buying in 90068
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
No money down mortgage options
Down payments are very important for mortgage and it can be difficult to obtain a mortgage without one unless you are a veteran or seeking a rural/USDA approved property. If those circu ... more
0 votes Share Flag Fri Apr 25, 2014 Home Buying in 90028
Mack MacReady, Real Estate Pro in 90068
Mack MacReady answered:
What would the estimated cost be of building a hillside home in Mt. Washington
Hi Nancy,
If you have not chosen an architect, I would interview at least 3 and get their ideas. They should be able to give you an idea of what approach they recommend and some budget ... more
0 votes Share Flag Mon Nov 11, 2013 Home Buying in 90068
Alex Greer, Real Estate Pro in California
Alex Greer answered:
Searching for red tagged homes
You agent should be able to do that. If you haven't already, I can get you started by pre-approving you for a purchase loan. That way you will be able to move on the house you want and ... more
0 votes Share Flag Mon Aug 19, 2013 Home Buying in 90028
Rene' De Bla…, Real Estate Pro in San Diego, CA
Rene' De Blanco, MBA answered:
How much should I have saved before going to the bank to inquire about a home loan?
You will have more options if you save at least 5% (plus closing costs....$5000+)
0 votes Share Flag Mon Aug 12, 2013 Home Buying in Hollywood
Joshua Sixx, Real Estate Pro in Los Angeles, CA
Joshua Sixx answered:
What is the safest area with houses under 250K available?
You can certainly find good solid neighborhoods in the north San Fernando Valley, that can be around the price range. Sun Valley, north hollywood, van nuys could all be decent areas to ... more
0 votes Share Flag Sat Jun 8, 2013 Home Buying in 90028
Rip, Both Buyer and Seller in Los Angeles, CA
Rip answered:
Hi I will pay cash for a home in Los Angeles, what will the approximate rate of closing costs involved?
When buying REO's for cash I've paid as little as $50 in closing costs, and as much as 0.5% of the purchase price ( $1500 on a 300K property). I'm guessing standard sales will be towar ... more
0 votes Share Flag Fri Mar 22, 2013 Home Buying in 90068
Jenny Durling, Real Estate Pro in Los Angeles, CA
Jenny Durling answered:
I was looking at a pre-foreclosure listed on trulia. It says it has a (loan amount of $108,000). What does that mean and what is the process?
I don't understand why Trulia posts preforeclosure information like this as it only means a notice of default has been filed, NOT that the house can be purchased for that amount. It is ... more
0 votes Share Flag Mon Dec 3, 2012 Home Buying in 90028
Renee Kische, Home Buyer in Los Angeles, CA
Renee Kische answered:
Would you consider moving into the Hollywood or Whitley Heights area of Hollywood? With the changes in community redevelopment,what are your concerns
I see you posted this question last year. As of this post, I am curious if you have made the move into Whitley Heights. I am an agent an live in Hollywood Heights across from Whitley. F ... more
0 votes Share Flag Mon Jul 9, 2012 Home Buying in 90068
Heather Bily…, Real Estate Pro in Beverly Hills, CA
Heather Bilyeu answered:
What is the standard % to put down for Earnest money in Los Angeles?
The standard EMD in LA is 3% of the purchase price, however, I have seen some buyers put as low as 1% down and others put as much as 5% down. As the seller, it is in your best interest ... more
0 votes Share Flag Wed Jun 27, 2012 Home Buying in 90068
Home Owner, Home Buyer in Hollywood, CA
Home Owner answered:
Foreigner buyer looking for buyer agent to assist in foreclosure or auction small studio apartment in Hollywood, Ca
Already found a condo in Hollywood. In escrow right now. Will be renting out when its ready.
0 votes Share Flag Sat Apr 14, 2012 Home Buying in Hollywood
Jenny Durling, Real Estate Pro in Los Angeles, CA
Jenny Durling answered:
If getting agent for foreclosure (auction) home, who should pay fees? How much is the fees?
When you say 'foreclosure (auction) home", are you referring to a trustee's sale? If so, you would be responsibe for paying your own agent. In real estate, there are no ... more
0 votes Share Flag Mon Jan 2, 2012 Home Buying in Hollywood
Johnny James…, Real Estate Pro in 93551
Johnny James BBA answered:
Why's that agent listing short sale property doesn't reply buyer's query and e-mail at all?
Let an agent work for you that's what we get paid for.
0 votes Share Flag Tue Oct 25, 2011 Home Buying in Hollywood
Mimi Davies, Real Estate Pro in Los Angeles, CA
Mimi Davies answered:
Considering buying an income property in Hollywood which is occupied.
Hi Raygun,

It's been almost a year since you posted for advice on how to increase your rent if you bought the property. I'd love to hear how it all worked out in the end. W ... more
0 votes Share Flag Thu Jul 28, 2011 Home Buying in Hollywood
Ron Shaffery, Real Estate Pro in 08753
Ron Shaffery answered:
What is the benefit for buying a short sale from the buyer's stand point?
The hope is that the price will be lower than homes that have sellers that are not as motivated to sell quickly. I advise home buyers and investors to look at homes that are priced righ ... more
0 votes Share Flag Thu Jul 7, 2011 Home Buying in 90068
Voices Member,  in
Voices Member answered:
Best way to evict month to month tenant after home purchase
Hire an attoreny. It is relatively inexpensive compared to the loss you are incurring having no rent being paid (I am assuming they are not paying, but there are a lot of details that w ... more
0 votes Share Flag Tue Feb 8, 2011 Home Buying in 90068
Anika Berhang, Real Estate Pro in Los Angeles, CA
Anika Berhang answered:
how to evict a tenant from a property your purchasing?
Hi Lola,

Every city is slightly different and has more or less stringent rules when it comes to Rent Control, Rent Stabilization.
If you in fact need to terminate someones tenancy i ... more
0 votes Share Flag Mon Feb 7, 2011 Home Buying in 90068
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