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Home Selling in Simi Valley : Real Estate Advice

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  • Home Buying77
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Activity 15
Thu Aug 25, 2016
wendy answered:
The ultimate goal is to buy our dream house and sell our home for a price that is acceptable to us and the two other offers are not acceptable to us. We have countered back at our "rock bottom" and the other buyers are not moving up enough to meet us at a price that is acceptable to us.

We are still holding on to hope that the full price offer buyer will be able to get her financing situation stable. Thanks for all your responses.
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0 votes 7 answers Share Flag
Wed Dec 30, 2015
Tim.mccaslin75 answered:
from reading the RE agents responses I really can not see why a seller would even use a real estate agent to sell their home. A real estate agent charges thousands of dollars to give you a estimate of what your home is worth and the lower the estimate the quicker the real estate sells the home and gets paid $$$. If I was selling a home I would pay the $500 to get an actual appraisal done on my home, pay for a pest report and save a ton of money. With all of the online home selling sites marketing would be easy. I am seeing RE agents and their con-jobs becoming a thing of the past just like the full service gas stations:) ... more
2 votes 12 answers Share Flag
Sat Aug 30, 2014
The Hanley Team answered:
Hi Mannadey -

It is still TBD. While Amgen announced layoffs they also said they are closing facilities in Colorado and the Seattle area as part of the reduction in force so how many employees may be affected in Ventura County is still up in the air.

Some of the employees may be voluntary buy-outs for people nearing retirement. Those people may end up staying in the area and this won't affect the supply of homes for sale. Other reductions may come in the elimination of planned new-hires. This could affect demand. It might reduce the pool of new home buyers or it might have no effect by merely eliminating the possibility of a local job transfers for people already living locally but working elsewhere. Finally, some will be actual reductions in force and what those people do, to stay or sell their homes, as well as the timing of any lay-offs is up in the air.

Net of all that, if you go to the Amgen recruiting site, you will also see many, many, many open positions at the Thousand Oaks campus. Amgen is looking to 'rebalance' its work force in areas that have a potential to improve their growth potential and that may lead to more hiring locally in the longer term.

If I had to say what effect we can look for, it would be to take some air out of any local price appreciation but not enough to result in any price reductions.

All the best -

Mike Hanley
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0 votes 1 answer Share Flag
Sun Feb 23, 2014
Bonnie Sterling answered:
Joe, I always recommend that my sellers provide any information that they have been given. It must be done but I always state when it is passed on that this can not be deemed reliable and that all parties should obtain their own report from their trusted vendor. As noted by other agents, disclosing all info is really the best way to avoid problems. Transparency is part of my tag line ... more
0 votes 14 answers Share Flag
Wed May 22, 2013
Rick McGrath answered:
Since you haven't clarified contingencies, one is left to assume that you are going this alone and perhaps trying to muttle through contract language. Licensed Realtors are the link between success and confused failure. ... more
0 votes 5 answers Share Flag
Wed May 22, 2013
Rick McGrath answered:
As then when markets were falling, property could be worth a certain amount and within a very short period of time worth much less with the impact that foreclosures were having. Likewise now that it is 2013, many areas in California see reverse situations and are still facing appraisal problems. With small signs of the economy improving, home buyers who lost their property to foreclosure now ready to reenter the market again creating supply and demand problems home sellers are asking more than the market will provide value for. Over and over again though, it's about pricing the property to sell and appraise. The later being the most important. ... more
0 votes 26 answers Share Flag
Sun Apr 21, 2013
Linda D'Ambrosi answered:
First of all you should make sure that your broker is following up on all showings, sends out a feedback card to them to get it in writing. If they are working with a broker have your broker get in touch with them. Obviously the buyer is not feeling value. The comments sound good, however if buyer walks through your home and does not feel the value they are going to move on. Possibly the price needs adjustment. Good luck ... more
0 votes 12 answers Share Flag
Tue Sep 18, 2012
The Medford Team answered:
It appears you are uncertain how the short sale process works ... as Ron has suggested, it almost appears as if you do not have a Realtor representing you. If that is the case, Iâ€d recommend you go find one right away – one who is experienced with short sales. Someone has to make sure the contract is correct, someone has to negotiate with the bank, someone has to provide all the correct forms and documentation …

Someone needs to be with you every step of the way to answer questions exactly like this one …
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0 votes 2 answers Share Flag
Tue May 22, 2012
Bonnie Sterling answered:
Kevin. Your name is familiar. Are you an agent? Newspaper ads must be paid for in cash, no online to print. If you're an agent and want help with Trulia, let me know, contact me through my profile. If your a seller, please contact your agent, and if you are someone interested to sell, I can show you how I will post your house in so many places it will make your life simple and your home well marketed. ... more
0 votes 3 answers Share Flag
Wed Mar 28, 2012
Bob Willett answered:
So, you mean you don’t understand how this works? HUD re-worked the way closing costs are disclosed so that it would be better for all concerned. Are you telling me that their form is confusing?

Let me try to explain: Under the rules that dictate how lenders are to disclose everything, all fees are disclosed to the buyer by their lender – including most (or all) fees paid by the seller. On the final HUD-1 there is a reconciliation that shows what the lender disclosed, and what is actually being charged. If the title and escrow fees are off by more than 10% (even if the seller is paying them,) the lender is required to reimburse the buyer money to bring the actual figures to within 10%. In order to do this, many escrow companies will show all of the fees as buyer fees, and then credit the buyer for the fees that are to be paid by the seller. That way they can do their analysis to see if a reimbursement is warranted. (That’s why it shows a reimbursement TO the buyer for the CLTA Tile insurance policy and the transfer tax.)

As for those fees not part of your purchase agreement – I think they probably are your fees, and they probably are on the purchase agreement. Those are typically seller fees in all of California; there are other fees (Escrow fees, ALTA or lender title insurance to name a few) that will vary from area to area. If you used a standard California Association of Realtors contract, you can find these fees addressed on the 2nd page in Section 4, paragraph C (2) and D (1.) If you used another form they will still be addressed somewhere. In any case you really should have gone through a detailed net sheet with your agent and had all of this explained long before now.
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0 votes 9 answers Share Flag
Sat Sep 4, 2010
Barry Shapiro answered:
Starz1999,

Our job, as professional real estate agents, is to bring together Buyers and Sellers. Another goal we have is to bring together the description of homes -- so that the ones that are, as you say, SO OLD will soon become SOLD! The oldest house in the world is approximately from 10,000 BC and was made of mammoth bones. The oldest house in the USA was built in the early 18th Century. So you decide, 2 years, 2 decades, or 200 years old -- We can help it become SOLD :-) Bonnie and Ted make it happen every day in Simi Valley... ... more
1 vote 7 answers Share Flag
Mon Apr 20, 2009
Ted Mackel answered:
The real answer is can you find a judge that will force your buyer to perform? What are your damages? Your damages will be the value of the lot at the time of your purchase agreement in 2005 vs what you can sell the lot for today. If that amount is enough to take it to civil court, think about a civil suit. Civil court is setup up to get you to settle with the other party before getting to court. The percentage is like 80-90% of all civil suits settle before trial.

You will file the suit, the defendant will answer, after that lengthy process you will go into discovery (interrogatories, production of documents & depositions) after that lengthy process you will be forced into mandatory mediation and the mediator will keep you there all day till you are worn out and settle. That is why so many case settle before trial.

We can get all technical with the contracts, but the reality of a civil suit is what I outlined above. The money involved to get as far as I listed above is substantial.

You need to consult a real estate attorney and see if you want to take this down the path of litigation or cut your losses and move on.
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0 votes 4 answers Share Flag
Mon Apr 20, 2009
David Chamberlain answered:
Probably, while you were sleeping he took them and moved to another state.
1 vote 1 answer Share Flag
Wed Nov 14, 2007
J R answered:
Karen wrote: Oh PLEASE JR. In Long Island do you actually consult an attorney before you send a "Notice to Perform"! In California we use notice to perform when the buyer isn't performing. They can be very helpful.
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Ruth wrote:
JR:
I thought you had been here long enough to realize CA does things very differently.
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I don't think asking an attorney for advice is a bad answer anywhere. Obviously this persons agent didn't explain it to them.
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1 vote 15 answers Share Flag
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