Home Buying in Laguna Woods : Questions & Answers

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captjfnd, Home Buyer in Laguna Woods, CA
captjfnd answered:
Why are so many places up for sale at Laguna Woods....is there a problem? So Cheap....so I am asking if it is too good to be true ..something must be
They have financial requirements. ( You have to show your liquid assets = the house price + $120,000 and income require )
0 votes Share Flag Wed Apr 2, 2014 Home Buying in Laguna Woods
Claudia Mull…, Real Estate Pro in Fremont, CA
Claudia Muller Gravelle answered:
What if I have $1.5 million in liquid assets that I live on, but none it is shows as taxable income, will I meet the income requirements?
We do have a loan that looks at your liquid assets as income.
What we do is multiply your 1.5M by approx 5% and then divide by 360 for a monthly income.
This loan would require a mini ... more
0 votes Share Flag Tue Mar 4, 2014 Home Buying in Laguna Woods
Team of Mart…, Real Estate Pro in 92660
Team of Martine/Jake/Kelly answered:
I was considering buying in Laguna woods, but was told that the owner could only rent the property 50% of the year. Is this true?
There are several sections in the Laguna Woods community. Please call me at 310 489-0556. I can provide your more details. Please refer the TRULIA website when you call. Thank you very ... more
0 votes Share Flag Tue Jan 28, 2014 Home Buying in Laguna Woods
Omar Khamisa, Real Estate Pro in Fremont, CA
Omar Khamisa answered:
a condo that you lease...who pays the homeownwer insurannce?
HI sunshine

it is important when you singing any contract check all term , in many cases lease holder pay the insurance .

good luck

Omar Khamisa
0 votes Share Flag Thu Jan 2, 2014 Home Buying in Laguna Woods
Rochelle Cha…, Real Estate Pro in 92694
Rochelle Chacon answered:
Can someone explain what are the differences between condo and coop?
When you purchase a Condo you take title with a Grant Deed. A coop is a Stock Certificate. What city are you looking at Coop's in? Some coops have taxes included in the monthly HOA dues ... more
0 votes Share Flag Sat Dec 21, 2013 Home Buying in Laguna Woods
Jennifer Fiv…, Real Estate Pro in Red Hook, NY
Jennifer Fivelsdal answered:
What is included in the HOA?
This really depends on the complex. Examples of what could be covered are; maintenance of common areas, taxes, improvements. You could get hit with special assessment if the roof or ... more
0 votes Share Flag Tue Dec 17, 2013 Home Buying in Laguna Woods
Janice Martin, Real Estate Pro in Laguna Woods, CA
Janice Martin answered:
what impact does cash purchase have on qualifications for coop purchase?
Unfortunately the real answer is there is no impact. I've been battling for years to have the HOA financial requirements totally dismissed - but they have actually increased them. If I ... more
0 votes Share Flag Mon Dec 2, 2013 Home Buying in Laguna Woods
David Langdon, Real Estate Pro in Laguna Woods, CA
David Langdon answered:
What are the financial requirements for a guarantor when buying if the proposed owner does not meet the $36,000 income for the coop?
The financial requirements for co-ops and condos are each different.

On a co-op, the guarantor must have annual income of at least $90,000 and marketable or income producing assets ... more
0 votes Share Flag Wed Nov 20, 2013 Home Buying in Laguna Woods
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
Several LW homes listed for sale on Trulia were SOLD months ago. Why are they still listed on Trulia's website??? This is irritating and misleading
Hi Randy,

Trulia is a popular destination site; however, Trulia IS NOT a true MLS; they are a MLS Data Syndicator. If you want true status/property accuracy (in 15 minute intervals) ... more
0 votes Share Flag Tue Oct 22, 2013 Home Buying in Laguna Woods
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
is there a limit on how many condos/co-ops one person can buy in Laguna woods?
When it comes to condos, you can own more then one as long as you qualify. This sounds to me like you're an investor. So have you considered financing for this property? There are some ... more
0 votes Share Flag Mon Oct 14, 2013 Home Buying in Laguna Woods
Daniel Kim, Real Estate Pro in Long Beach, CA
Daniel Kim answered:
Trulia has a number of homes listed in Laguna Woods, but I'm not finding any specific listings for Leisure World in Seal Beach. How do I find those?
Hi Randy,

Hope your search for a home In Leisure World is going well.
My parents own a home in Leisure World Seal Beach and I am an shareholder as well, so let me know if you have ... more
0 votes Share Flag Fri Oct 11, 2013 Home Buying in Laguna Woods
Marlene Brid…, Real Estate Pro in Laguna Woods, CA
Marlene Bridges answered:
Are Laguna Woods residents allowed to have Satellite TV?
Satellite dishes are permitted, but cannot be attached to the building. They can be placed on your patio on a stand.
0 votes Share Flag Sun Oct 6, 2013 Home Buying in Laguna Woods
Alex Greer, Real Estate Pro in California
Alex Greer answered:
Which ownership type has the more reliable resale potential, condo or coop?
Condos are a better form of ownership.

Your real estate agent would be able to answer all of these questions for you. Do you not have a real estate agent?

In addition, have you be ... more
0 votes Share Flag Mon Sep 23, 2013 Home Buying in Laguna Woods
Nicole Fedor…, Real Estate Pro in 92866
Nicole Fedorchek answered:
Are there 1 story garage homes, minimum 1100 sq ft with "private" outdoor living space in LW for under $200,000? What are the mo. fees? Codo vs Coop?
I would be happy to answer all your questions, and assist you with your home search!
Contact me today!
Nicole Fedorchek, Realtor
Tarbell, Realtors
714-914-5097
realtornicolef@g ... more
0 votes Share Flag Tue Sep 17, 2013 Home Buying in Laguna Woods
Nicole Fedor…, Real Estate Pro in 92866
Nicole Fedorchek answered:
what are the monthly association fees?
The monthly association cover a variety of items, depending on the complex. Typically, the Homeowner's Association (HOA) covers all exterior maintenance, including roofing, landscaping, ... more
1 vote Share Flag Tue Sep 17, 2013 Home Buying in Laguna Woods
Nicole Fedor…, Real Estate Pro in 92866
Nicole Fedorchek answered:
looking for real fixers in Laguna beach and Laguna niguel please
Hi, John!
I would be happy to assist with finding fixers in Laguna Beach or Laguna Niguel. I am currently showing approximately 18 properties in the area that would be considered "fixe ... more
0 votes Share Flag Tue Sep 17, 2013 Home Buying in Laguna Woods
Ingrid Ski 9…, Real Estate Pro in Irvine, CA
Ingrid Ski 949-874-0432 answered:
There's a number of homes selling under $50k. Is there something drastically wrong with these homes? Can I tour these homes?
Hi randy,

Lisa is right. These are the towers where the price is inexpensive but you pay a monthly fee of 1,000-1,600 or more. The have maid service etc this is to help you as a ... more
0 votes Share Flag Thu Sep 12, 2013 Home Buying in Laguna Woods
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
If I pay cash for a foreclosure, what's the shortest escrow period I can get?
Lets don't call it what it was, let's call it what it is. Does a bank own it? OK, it's a bank owned property or an REO. Once you get the bank to agree on a price the only delay left is ... more
0 votes Share Flag Thu Sep 12, 2013 Home Buying in Laguna Woods
leisaacs, Home Owner in Laguna Woods, CA
leisaacs answered:
Any Asian Community in Laguna Wood Village ?
There are two very active Chinese Clubs in Laguna Woods Village. The Chinese American Club consists mainly of people of Chinese descent though their geographic origins are diverse. The ... more
0 votes Share Flag Fri Aug 23, 2013 Home Buying in Laguna Woods
Stan Mckinney, Home Buyer in Laguna Woods, CA
Stan Mckinney answered:
If I buy in Laguna Woods for $100-$200k cash, how easy is it to rent it out for 5 years?
New rules allow for 12 month rentals in all areas of Laguna Woods. Properties in the $100k to $200K are available and should be able to maintain a renter for 5 years easily. Jim 949-462 ... more
0 votes Share Flag Wed Jun 26, 2013 Home Buying in Laguna Woods
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