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Home Buying in West Los Angeles : Real Estate Advice

  • All62
  • Local Info5
  • Home Buying23
  • Home Selling3
  • Market Conditions1

Activity 21
Tue Jan 12, 2016
Daniel Castiel answered:
Hi Susan,

pre approval is number 1

I would be happy to work you. Please feel free to contact me anytime
if you have questions.
0 votes 21 answers Share Flag
Tue Jan 12, 2016
Daniel Castiel answered:
Hi,

prices will go up slowly, maybe not ?
both of your concerns are valid,

I would be happy to work you. Please feel free to contact me anytime
if you have questions.
0 votes 9 answers Share Flag
Tue Jan 12, 2016
Daniel Castiel answered:
Hi,

Plumbing issues should be a major concern,

I would be happy to work you. Please feel free to contact me anytime
if you have questions.
0 votes 18 answers Share Flag
Tue Jan 12, 2016
Daniel Castiel answered:
Hi Geena,



I would be happy to work you. Please feel free to contact me anytime
if you have questions.
0 votes 17 answers Share Flag
Tue Jul 29, 2014
Dorene Slavitz answered:
I always thought West Los Angeles was from Beverly Hills to the beach.;)
0 votes 4 answers Share Flag
Wed Jan 22, 2014
Dorene Slavitz answered:
Notice of Default means that the current owner is "late" on their mortgage payments. It does not mean the house will end up going to foreclosure because the owner has time to "cure the default" and keep their home. Most owners will do just that. If you are interested in distressed property, the first step would be to sit down with a licensed and qualified Realtor to discuss your options. ... more
0 votes 10 answers Share Flag
Thu Jan 10, 2013
Daniel Castiel answered:
Hi,



I would be happy to work you. Please feel free to contact me anytime
if you have questions.
0 votes 17 answers Share Flag
Fri Apr 20, 2012
Gabino_Barrera answered:
There is also a loan called Homepath renovation. These loans are much easier than the fha renovation. For this type of loan the property needs to be qualify by Fannie mac. The link to find out if the property qualifies for this loan is http://www.fanniemae.com/loanlookup/. You only need to inpute the adress. If is avalilable then the $ for repairs could be addded to the loan ... more
0 votes 11 answers Share Flag
Tue Apr 17, 2012
Katrina Demidova answered:
CAR forms are real estate transaction documents created by the California Association of Realtors and their legal department. They are constantly updated to reflect all the recent legal changes and rules. There are a variety of these forms for every type of transaction. One should not do a real estate deal without a representation of a licensed Realtor and without CAR forms.

If you have more questions feel free to email me at katrina4re@yahoo.com
... more
0 votes 9 answers Share Flag
Thu Apr 14, 2011
Michelle Gonzalez answered:
Thu Mar 24, 2011
Dorene Slavitz answered:
Dear Yalun,
For area crime research I would recommend you take a look at.www.lapdcrimemaps.org
I do think the Metro is a contributing factor to the rising property values in the area, also the area is affordable, compared to other Westside neighborhoods and adds to the demand. ... more
0 votes 2 answers Share Flag
Sat Feb 13, 2010
Anthony Perez answered:
Sorry, I did not answer the statement concerning the expired license, a contractor working on an expired license is the same as being unlicensed. He must be working under another license, when on the CSLB site you can search by his nam and company name and it should tell you other licenses at the bottom of the page, he may be on a corporation license as an officer.

Check all his surety company records with a simple phone call they can tell you his history.
... more
0 votes 10 answers Share Flag
Tue Feb 9, 2010
Anthony Perez answered:
A contractors bond is required by the CSLB in case a contractor defaults on his contractual obligations by violating contractors law a "homeowner" is able to file a claim up to $12,500.00 to reimburse any losses or to 'help' complete the project. By law surety is to be neutral in an investigation however the surety seems to side with 'homeowners' and make easy payouts due to the fact that a contractor will have his license suspended until reimbursing the surety makes it easy for the investigator to make payout determinations by knowing this.

The benefit is mostly designed for homeowners however the benefits does not cover any property that is in a sales transaction. If the work was done for a bank or broker to quickly fix up the place for a sale they cannot file a claim.

The contractor rarely gets a fair and unbiased investigation due to the fact that most surety investigators have never been on a construction project and are only trained in violations of the basic license laws and are not educated in defense laws the fact is they sit at a desk making crucial determinations without full knowledge of California Contractors laws.

On a new construction you only have a CSLB warranty, under the law the contractor must warranty his work for four years, foundation and structural is ten years, even if he goes out of the contracting biz however what if he files BK or passes you have nothing.

The bond also covers employees, sub contractors, and suppliers that the contractor fails to pay. Even if you paid the cprimary contractor if he fails to pay his workers, subs or suppliers, they have a legal right to place a mechanics lein on your property and force a sale to get paid.

My ad vice, look into some additional insurances or warranty plans.

TP
... more
0 votes 2 answers Share Flag
Mon Dec 21, 2009
Andrew Jones answered:
Hi LABuyer'

Monique mentions a number of neighborhoods that are worth considering. I wrote a blog about these and other areas in the L.A. basin where good deals can be gotten for $250k to $500k which may help you. The link is below.

Also nobody mentinoed Mar Vista and Palms. Somes homes in these areas can still be bought for as little as $400k to $600k, including some areas west of ther 405 (San Diego) Freeway. You'll also find plenty of currunt listings in thse communities on my website. Please feel free to contact me to talk about the real estate options available in these neighborhoods. Best of Luck
... more
0 votes 3 answers Share Flag
Wed Aug 5, 2009
Dorene Slavitz answered:
I work extensively in the West Los Angeles area and am a long time business owner and resident here.
Prices vary, as others have told you and much depends upon where you want to live. In Culver City, the average home is priced in the 700-800 Thousand Dollar range, but they can go higher. To give you an example..a home priced at 750,000 will have a monthly mortgage payment of approx.$3,792.41 that is with a 20% downpayment and the current interest rate of 6.5% (30 year fixed loan). Interest rates change weekly however so that is just a rough estimate.
We do have loan officers in our office who will give you an exact figure if you are interested.
... more
0 votes 9 answers Share Flag
Mon Jul 27, 2009
Lmw answered:
Kevin & Jovana Keyser -- No, that is not "the way the law is written".. it is the way that nasty escrow documents are written and which a smart RE agent (or even better, attorney) will advise the Buyer to modify before entering into escrow. The Deposit money should be returned without any need for a sign-off by the Seller if in fact the conditions for returning the deposit have been met -- in this case, cancellation based on failure of inspection. ... more
0 votes 15 answers Share Flag
Wed Jul 1, 2009
Dorene Slavitz answered:
In West Los Angeles, you will need to come in to the market with at least 700,000 even for a foreclosure.
0 votes 4 answers Share Flag
Wed Jul 1, 2009
Dorene Slavitz answered:
Hi Mike,
I specialize in the area, and believe me..I have pounded the pavements for property and seen most condo developments here. Even If you are looking for a 1 bedroom 1 bath 750 sf or less, you probably won't find anything for 250,000 in West Los Angeles. ... more
0 votes 5 answers Share Flag
Thu Jul 31, 2008
Don Tepper answered:
The answers below cover just about everything. Just one or two items that can result in "gotchas."

You want to make sure that the condo has adequate reserves for major repairs. Otherwise, if something expensive needs repair or replacement (elevators, the roof, the boiler), then you could be hit with a special assessment. That's a one-time charge (or maybe several times, spread out over several months), but can be substantial...often in the hundreds of dollars.

Second, if it's a new condo, watch out for unreasonably low condo fees. The developer wants to sell the condos, so he's going to make it as attractive as possible. And some costs really may not be know until the condos sell out. So you might be told that the condo fees are, let's say, $200. But when the next budgeting year comes around, those fees might go way up, to say $400.

Hope that helps.
... more
0 votes 13 answers Share Flag
Sun Jul 6, 2008
Bill Eckler answered:
Bryan,

Our recommendation is to place more concern on an effective repair and not on disclosing it. In condos, as previously stated, water leaks are quite common.

If the repair is done in the manner it should be........you will never know it was a problem and the future buyer will have to visualize in his/her mind the scope of the leak.

Be sure its fixed right!!!!

The "Eckler Team"
Michael Saunders and Company
Venice, Fl 34285
ecklerteam@comcast.net
941-408-5363
... more
0 votes 12 answers Share Flag
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