Well...you don't have to give it to a new buyer, however, you DO have to disclose whatever is in that report, now that you are fully aware of the issues. If you think the inspection is wrong somehow, you can get your own inspection and see what the new person has to say about the property.
When you live in a home for a long time, you may not be aware of issues that need to be addressed. Also, codes change frequently and what was allowed at one time, may not be allowed now.... more
Hello If the house is on Colesium, it may be in the Baldwin Hills Village Gardens Homes Association, which was established in 1947 and includes 450 homes from Bowesfield Street on the North, Hauser on the East, LaCienega on the West and Glenford on the South. I live in this area, the dues are for upkeep of Rodeo Road, and various other items. Check with the listing broker, they need to hand over the CC&R's. The dues are about $175 per year ($15 per month).
hope this helps. it is a wonderful neighborhood, with friendly people, low noise and low crime. If you drive thru the area you will see there are no broken down cars, no ugly remodels, well kept yards and homes... all of these features increase the value of the area and you will not find a better neighborhood for the price and so close to the beach and Venice and downtown LA. the combination of home prices and location is unbeatable. good luck... more
With each property (bank owned or standard sale or short sale), you want to research the value before making your offer. Autmatically lowballing on every home will be a time waster as many homes are already listed for a price under what they will sell for. Do your research and offer what is fair and works for your budget, on each property. Yes, it takes more time and effort, but it will be worth it in the end. If you are working with a good agent, they will do the research for you.... more
Do NOT use Vahik Tatoosi. I am a three-time homeowner and have undergone quite a few extensive projects around each home. To say that Vahik is the most unprofessional, arrogant, incompetent, and crude contracting professional (an oxymoron in itself) weâ€™ve ever dealt with is not an overstatementâ€”itâ€™s the truth. He has a delusional sense of work ethic and felt completely entitled to criticize the work of anyone else (we chose different plumbers and electricians), yet he failed to acknowledge the failures of projects under his direct supervision. The fact that he never had a project manager on site at all times probably contributed to that problem. I could go into detail regarding each and every offense he committed (of which only the most critical were ever brought to his attention), but the bottom line is save your time, heartache, and money. Do not ever use Vahik Tatoosi or Tatoosi Construction for any work whatsoever.... more
You should buy something that you love. It being a buyers market just means that there are more sellers than buyers, and you can be choosey. This means you do not have to "settle" for anything. Go find the perfect house, or one with potential to be that perfect house, because how many times do we update the kitchen or the bath when we move in?
Also make sure you are not getting into a property or an area, where prices have not reached bottom yet.
First of all, its up to the listing agent to negotiate with the lender, not escrow. Escrow has no authority in this matter, they are a 3rd party non-partial company who only acts on the instructions from the listing and selling agents. Furthermore, they can't act on one-sided instructions, both sides have to agree. Also, they can't charge cancellation fees unles they have stated they can when escrow was opened. Was this in your escrow instructions?
I agree with Ron, and that I would probably just pay (as the Broker) and close the deal. Don't loose sight of the end result...do you still want the home?... more
With HAFA, you are not supposed to wait until an offer has been obtained and accepted by the seller to start the Short Sale process. They also offer incentives to the home short seller such as: waiving the deficiency (difference in amount owned on mortgage and amount bank receives from short sale), also offer seller money at closing to help with relocation.
Wow Rochelle, you have indeed received many great answers. Joanna is correct in recommending that you interview multiple agents in order to find that right match. If you're not comfortable for whatever reason, interview more. Also, be sure to go over with your new agent the reasons you believe your home did not sell when it was listed the first time. Was it priced too high for the market of that moment? Should your home be professionally staged or prepared differently? While there are a lot of potential buyers out there, the right RealtorÂ® can make all the difference. Best of luck to you!
Risa Liebster, RealtorÂ®
Keller Williams Realty
The answer is worse than some and better than most, but the question has a problem. Los Angeles is such a large and diverse area that stating a particular percentage is misleading. It is much better for you to investigate each area that you are interested in.
Fortunately, the Los Angeles police department has a great tool for you to investigate each area you may be interested in. You can put in a particular address and find out about all the crimes that have taken place. http://www.lapdcrimemaps.org/
You can also get statistics for every area on Los Angeles through this page of the LAPD website. http://www.lapdonline.org/crime_maps_and_compstat
Talk to a real estate attorney (not a regular attorney).
I know that it sucks that you paid for an inspection and appraisal ($700+) along with the time and effort spent to follow up on the listing agent and preferred lender.
The listing agent should of sent you an agreement of cancelation of escrow if you were still within the life of the escrow (Which seems that you were.)
They can open escrow even though you have a your FHA in escrow.
The thing is, they can't close escrow if you don't release your FHA from the property.
Just to let you know, you can use any lender that you choose. And, if the selling agent asks for a x-qual with different lender, go ahead and do it. Get the x-qual approval letter and have your agent send it to the listing agent. You are not obligated to use the listing agents x-qual lender.
If you feel that you are comming up short on days, next time have your agent draw you up an extention of escrow (14+ days) and see if the seller accepts or counters.
I deal with short sales all the time and what you need to have is patience. There is a lot of information the bank will need from the seller such as a hardship letter which tells the bank why the seller can't pay their mortgage and needs to do a short sale as well as all of their financials. After the bank has all of that, they then send it to the necessary departments along with your offer for approval. This can take as long as six months. I know thats not what you want to hear but it can take that long. It could be much quicker but my experience is that short sales take a very long time. Your agent must be very persistent with the bank.
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