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Foreclosure in West Hollywood : Real Estate Advice

  • All125
  • Local Info9
  • Home Buying20
  • Home Selling3
  • Market Conditions2

Activity 7
Tue Dec 16, 2014
Jamie Tian answered:
Hi Dr. Mallik,

I would be happy to assist you in finding a 2-3 bedroom condo or house in the West Hollywood area. My office is located in West Hollywood and I am very familiar with the neighborhood.

Please contact me directly either via email at JamieTian@RodeoRE.com or via phone/text at (310) 717-1321 and we can discuss more about what you are looking for and get your home search started!

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
www.JamieTian.com
BRE #01920120
... more
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Wed Aug 13, 2014
Julie Kryukova Meggat answered:
Hanna,

I can absolutely help you find a great deal, but please be aware that short sales and foreclosures are slim to none in this market. This doesn't mean you can't find a great property with upside potential, but it just means you have to be open to all possibilities. I have certainly seen many properties for sale recently that have great upside potential. Please feel free to contact me any time.

Best,

Julie Kryukova

My contact:
(310)402-8181
jkryukova@gmail.com
juliekproperties.com
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Sat Jun 21, 2014
Stephanie Tourtellotte answered:
Hi, Can you clarify what property you are looking at?
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Mon Mar 31, 2014
Shel-lee Davis answered:
Danielle:

The pre-foreclosure information you see on Trulia comes from information gathered from pubic records by RealtyTrac. This information is misleading at best and outright wrong at worst.

Most of the properties are NOT actually available for purchase. The "list price" is usually the amount the owner is in default (missed payments plus fees) on their debt to the bank. Sometimes the "list price" is the amount of a loan that has become due. Usually these are junior liens. So if you "bought" the property on the courthouse steps for this amount, you would probably be taking it subject to all senior liens.

The best way to get more information on pre-foreclosure properties is to work with a Realtor who can identify which ones are currently on the market and/or help you contact the owners directly to see if they are ready to sell. You will need to move quickly. Either have cash (especially if the property is about to go to the Trustee's Auction) or financing in place. And make sure you are working with someone who KNOWS the process.

Hope this is helpful.

Shel-lee Davis BRE #01817412
Real Estate Consultant
International Real Estate Specialist - IRES®
Senior Real Estate Specialist - SRES®
Certified Home Seller Advisor - CHSA®
Certified Home Buyer Advisor - CHBA®
Member - National Association of Certified Expert Advisors - NAEA®
Certified Distressed Property Expert - CDPE®
RE/MAX Estate Properties
424-2HELP12 (424-243-5712)
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Tue Aug 7, 2012
Julie Kryukova Meggat answered:
Hi Olga,

Please call me if you're interested...I work with many clients in the Russian community and speak fluently. For 1 bedroom you're looking at roughly $200,000 and up depending on updates, materials, building amenities and other options. 2 bedrooms can go into the millions in West Hollywood, so again you need to narrow down what you really need into a price range you're comfortable with. I would say $500,000 or so would buy you something pretty nice and spacious.

My information if you want to contact me:
(310)402-8181
Jkryukova@gmail.com
www.juliekproperties.com

All the best,

Julie Kryukova
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Mon Sep 12, 2011
Ron Thomas answered:
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.

Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”

Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)

Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.

Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
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Thu Sep 23, 2010
David Chiles answered:
Thank you for your question about property values in West Hollywood. Please be advised that if you see a price that seems to good to be true that it is. To get a truly good deal it takes a lot of time and research. There are good deals to be found because of the high number REO's. ... more
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