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Home Buying in 90043 : Real Estate Advice

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  • Local Info1
  • Home Buying11
  • Home Selling3
  • Market Conditions0

Activity 9
Tue Apr 19, 2016
Dorene Slavitz answered:
We are not showing that property as being actively for sale at this time.
0 votes 1 answer Share Flag
Wed Apr 1, 2015
Jamie Tian answered:
Try contact Trulia directly maybe they can help you remove it!

Best,
?
Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
www.JamieTian.com
BRE #01920120
0 votes 1 answer Share Flag
Sat Jun 22, 2013
Phyllis Gilkey answered:
We pulled out late last year after waiting 6 months. A few days later an offer was made by another buyer ......six months later the status of this property is now listed as withdrawn. I'm not sure if it was by the buyer or seller but it was never sold, I will never waste my time and energy on another short sale again. Lesson learned.......... ... more
0 votes 16 answers Share Flag
Wed Jun 5, 2013
Gail Mercedes Cole answered:
5518 Bradna was listed by owner 12/28/2010 and cancelled 01/10/2011 for $415,000- currently is not on market. This home was foreclosed Jan. 2012. Currently bank owned. If you would like update of active listings in Windsor Hill/View Park L.A. area please contact me.

Gail Mercedes Cole
EXP Realty
310.853.9933
... more
0 votes 6 answers Share Flag
Sat Jun 1, 2013
Gail Mercedes Cole answered:
A good example of land lease is the Marina City Club. The owners own their condominiums but are leasing the land. There are additional monthly fees for land lease and they tend not to be inexpensive. There are two types:

-Land lease: Owner the structure but leases the land
-Fee Simple: Owners own the land and the structure.

Generally, Buyers want to purchase fee simple. If you are considering land lease find out what the addition monthly fees are for leasing the land. Additionally, mortgage financing is more difficult with land-leases for sellers and buyers. Check with lender regarding Land Lease.

Gail Mercedes Cole
Exp Realty
310-853-9933
... more
0 votes 6 answers Share Flag
Wed Jun 27, 2012
Lisa Wetzel and Jim Valentine answered:
I agree with Felix. As a selling agent I would not work on a short sale if I know you were writing many offers. In addition, if you don't disclose that you have written several offers you cold end up i a jack pot of having more than one accepted offer.

Write offers like you mean it and don't play game.

Lisa Wetzel
RE/AX Realty Affiliates
1320 Hwy 395
Gardnerville, NV 89410
775-781-4073
... more
0 votes 19 answers Share Flag
Sun Apr 1, 2012
Jessica Russell answered:
Technically you should have entered escrow on this short sale. In a traditional sale you would definatly enter escrow. There are strong problems in the short sale market. Short sale numbers in most states and in my California is very high. Usually outnumbering standard listings. There are many new agent's controlling listings. Many work with financing co(s) some with banks, others agent/brokers with deep connections with the lender of his/her listing. There are many agent's who especially on confirmed price listings who will try very hard to use another's agent's buyers offer to help push a higher offer or for them to obtain their own buyer. This happen's often. Many times the agent not having close relations with bank or communications with them where they are responsive or knowledgable of what the agent is doing. This is by tradition not fair practice. You can report the agent but it is difficult to get a positive result out of it as rules and punishment has not been established or enforced strongly for agen'ts who mis manage their shortsale/foreclosure listing at this point. ... more
0 votes 9 answers Share Flag
Sat May 23, 2009
Andi Grant answered:
California Home Buyer 90043,
With more first time home buyers taking advantage of FHA loans requiring only a 3.5% down payment, the good faith/earnest money deposit amounts have relaxed as low as 1%. Even my conventional loan buyers are putting 1% earnest money deposits down unless for that particular property the seller is requiring a higher percentage up to 3%. If it is a multiple offer situation, then higher earnest money deposits may be considered stronger.

INSPECTIONS:
You will usually have 17 days in which to perform your inspections and renegotiate terms if any before the contingency deadline is declared and signed off on. You can always ask your Realtor to show you in the documentation that it is 17 days.

****BEWARE**** Fannie Mae properties and some of the other investors or bank-owned will sometimes require buyer signed addendums PRE-acceptance that shorten contingency time to 10 calendar days with higher good faith deposits required, so make sure you know exactly how much and how many days you have and that you see it in writing and not only hear it verbally.

If you are still in the process of choosing a Realtor, I would be more than happy to assist you as I service and know the 90043 area very well and it's surrounding communities. Do not hesitate to contact me at 310-508-4354 or post any other questions you may have. We're more than happy to help. Good Luck!
... more
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