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Home Selling in 90012 : Real Estate Advice

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  • Local Info2
  • Home Buying6
  • Home Selling3
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Activity 3
Tue Mar 22, 2016
Desiree Lapin answered:
In California, most of the costs involved in selling a home are negotiable. That being said, there are customary Buyers and Sellers expenses.

Many of the costs associated with selling a home are customarily borne by the Seller; such as sales commissions, owners title insurance, and transfer taxes.

However, the Buyer usually bears the expenses on the purchasing side. Most Buyers will pay for their own inspections, as well as the expenses of obtaining a loan. Buyers must pay for their prepaid taxes and insurance reserves.

For a complete list of settlement charges, go to http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/ramh/res/sc3secta
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Wed Feb 24, 2016
Dorene Slavitz answered:
I'm sorry you are having these issues and are so unhappy with the sale process. One of the jobs of your Realtor is to explain the process and help the sale go smoothly for you.

The appraiser is the person who's opinion of value is most important. The bank uses this the make the decisions about the loan. Your Realtors estimate of value should be very close to the appraisers. You cannot rely upon any online values. I don't think you have to price your property so low if it is in good condition.
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FHA is very strict unfortunately and they require repairs in order to approve their loans. There are other ways to buy a property and some home owners dislike FHA for the same reasons you do. You are not wrong there.

If these buyers are making the sale too difficult for you, you can also cancel and start again. You will return the deposit, but you might be better off. You received an offer very fast, so you can try with new buyers and perhaps make some restrictions so you do not face the same problems again.
Best of Luck to you!
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Fri Jun 7, 2013
Dorene Slavitz answered:
Yes of course you can be there if you wish, it's still your property and you are still the owner until escrow closes.
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