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Home Buying in 90005 : Real Estate Advice

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  • Home Buying11
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Activity 10
Mon May 18, 2015
Debra (Debbie) Rose answered:
Why do you want a house to be appraised?
Are you concerned about how much to pay?

Maybe you aren't aware of the process, but.........when you work with an agent, he or she will help you understand home values in the area. They can show you similarly priced homes, so you can compare currently listed homes, as well as homes that have already closed.
They are referred to as "comps" (comparable sales).

This can help you get a sense of pricing in the area.

Once you find a home can make an offer based on the information your agent has shared.

Once you begin the mortgage process, the lender will order an appraisal (which you will pay for!)..............then you will see how that number compares with your sale price.

Best wishes.........
... more
0 votes 2 answers Share Flag
Mon Dec 9, 2013
Ricky Smiles Jr. answered:
Going to the county Assesors Office should do the trick.
0 votes 5 answers Share Flag
Thu Nov 7, 2013
John Arendsen answered:
Building departments will have a print out that give you all their requirements i.e. set backs, sq. ft. of structure, and any other stipulations they may have. Start there.
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Thu Oct 3, 2013
Gail Mercedes Cole answered:
Revert to signed purchase agreement and escrow instruction. Have contingencies been removed or outstanding. What is reason for cancelling escrow at final walk-thru? I do not have enough information review contract with your Realtor.

Gail Mercedes Cole
EXP Realty Marina del Rey
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0 votes 8 answers Share Flag
Tue Sep 24, 2013
Gail Mercedes Cole answered:
Hi Ero,

Contact a Realtor, tax assessor or title company for the lot size.

Gail Mercedes Cole
EXP Marina del Rey
0 votes 6 answers Share Flag
Sun Aug 18, 2013
Gail Mercedes Cole answered:
Hi Ero,

I cannot make the decision if your parent to continue to rent or buy. They should consult with their financial adviser what is financially to their advantage. What is their motivation for purchasing a home now? They may want pride of home ownership. Homes are pricey in Los Angeles, CA. Would the monthly home purchase expenses equal or far out weigh the benefits of renting. There are a lot of things to consider. As a family pencil out:
- Financial advisers recommendations.
- Rental expenses compared to home ownership expenses.
- The amount of the down payment
- Motivation for homeowners
- Tax benefits of homeowner
- Will life quality and financial rewards of home ownership increase of diminish lifestyle.

Things your parents should consider Good Luck.

Gail Mercedes Cole
EXP Realty
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0 votes 11 answers Share Flag
Tue May 28, 2013
Jo Lasley answered:
If the appraiser notes that the garage has been converted into living space, and notes that it is illegally, and not to code, 2 things might happen: To bring the garage back to original as a garage and/or not give it value as living space. Health and safety issues are a concern from the banks view. ... more
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Thu Jul 1, 2010
Kim & Kristine Halverson answered:
Hi Joshua,

It depends on the appraiser your bank sends out and the type of appraisal requirements for your loan. I have had appraisers measure each and every room. Some appraisers walk thru take pictures and do the rest from their office according to the county tax records and MLS.

Good luck, hope you get the home!


Kristine :)
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Wed Jun 30, 2010
Jo Lasley answered:
In your state of Louisana rules and regulations from the department of real estate may allow you to cancel and find another lender. You need to be upfront with your agent so that they can guide you in that decision. ... more
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Wed Jun 30, 2010
Jo Lasley answered:
The CAR contract has time frames in which to meet all your requirements for the contingencies. As long as your agent kept you in those time lines, even asking for extensions to meet those deadlines, then you would be assured to get your deposit back. The loan is NOT a contingency of this contract and I know many agents will argue that it is. If you submitted a pre-approval letter with your offer per the contract, then getting a loan isn't an contingency. ... more
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