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90016 : Real Estate Advice

  • All23
  • Local Info1
  • Home Buying12
  • Home Selling3
  • Market Conditions0

Activity 20
Sat Aug 15, 2015
Dorene Slavitz answered: 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.
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0 votes 4 answers Share Flag
Thu Jun 11, 2015
mark disman answered:
you shouldn't be paying any fees. just walk away from the deal
0 votes 7 answers Share Flag
Tue Oct 28, 2014
aplusapartmentloans answered:
if you still need help please call me 956 588 8698 or email
for more information I know I can help you been doing loans for 23 years
0 votes 7 answers Share Flag
Mon Sep 29, 2014
Damien Grant answered:
Tue Jul 23, 2013
2okkupy answered:
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
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0 votes 6 answers Share Flag
Mon Jun 10, 2013
Gail Mercedes Cole answered:
You are suppose to get a copy of the previous professional home inspection if you have an accepted offer on home

Gail Mercedes Cole
EXP Realty
0 votes 11 answers Share Flag
Mon Nov 12, 2012
Ronnie Kline answered:
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
0 votes 11 answers Share Flag
Fri Jun 29, 2012
Robert Chomentowski answered:
Higher, no issues. Lower, you either come in with the extra cash (which most are doing now b/c the market is hot) or re-negotiate with seller.
0 votes 9 answers Share Flag
Sat Jan 14, 2012
Michael Shen answered:
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) we’ve ever dealt with is not an overstatement—it’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
0 votes 6 answers Share Flag
Thu Jan 5, 2012
Daniel Klein answered:
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.

Best of luck
Daniel klein
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0 votes 12 answers Share Flag
Tue Dec 13, 2011
Kevin and Julie McLaughlin answered:
As stated below, you can back out at any time before recording, but will almost certainly lose your deposit money.
Since this was posted a couple weeks ago, let us know what happened - ... more
0 votes 22 answers Share Flag
Thu Sep 1, 2011
John Arendsen answered:
Sat Feb 19, 2011
Beverley Hourlier answered:
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 you still want the home?
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0 votes 10 answers Share Flag
Fri Feb 18, 2011
Sara Mehrpouyan answered:
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.
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0 votes 13 answers Share Flag
Thu Aug 5, 2010
Murray Weisberg answered:
Contact your local MLS. I'm sure they have a help line.
0 votes 2 answers Share Flag
Tue Apr 27, 2010
Risa Liebster answered:
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 Realtor® can make all the difference. Best of luck to you!

Risa Liebster, Realtor®
Keller Williams Realty
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0 votes 11 answers Share Flag
Wed Oct 21, 2009
Ray Calnan answered:

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.

You can also get statistics for every area on Los Angeles through this page of the LAPD website.

Good Luck,

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0 votes 2 answers Share Flag
Sat Aug 22, 2009
Jesse Sierra answered:

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.

Wishing you the best of luck,

Jes Sierra, B.Sc.
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0 votes 8 answers Share Flag
Thu Oct 23, 2008
Renee Porsia answered:
Hi Rob,

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.

Good luck.

Renee Porsia
Associate Broker
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
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