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Home Buying in 90066 : Real Estate Advice

  • All64
  • Local Info3
  • Home Buying33
  • Home Selling6
  • Market Conditions0

Activity 32
Wed Oct 4, 2017
Crmnharrison asked:
Wed Aug 30, 2017
Gail Mercedes Cole answered:
There a agents that are only buyer or seller agents. Evidently, listing agent has any other agent from her office to represents buyers. This is not a Red Flag. It is just another agent in the same office. Offering to represent you as a buyer. Have you been working with another agent?If so should contact them let them know the interest in this home. Or do you feel comfortable with agent you met at Open House. The options are up to you. Most agents are buyer and seller agents.

Gail Mercedes Cole
Hills Premier Realty
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0 votes 4 answers Share Flag
Wed Aug 30, 2017
Gail Mercedes Cole answered:
In buyers purchase agreement should always include professional home and termite inspection. It is now custom for buyers to pay for both inspections. Payment of termite repair is negotiable. Repair/replacement items are negotiable, as well. There has to be a written agreement between buyer and seller in Purchase Agreement.

Gail Mercedes Cole
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0 votes 19 answers Share Flag
Wed Aug 30, 2017
Gail Mercedes Cole answered:
Dear c851009

I like to have everything in the home inspected. Hopefully, seller has agreed to inspection of foundation, electrical, plumbing and complete interior. Wonder why seller refuses roof inspection. Would it reveal additional problems with the home? It is your judgment call. I would be very cautious. With the cost of homes buyers should not be limited to what they can inspect in a home.

Gail Mercedes
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0 votes 19 answers Share Flag
Thu Aug 24, 2017
Lovemytnlakehouse answered:
Can I put alien against the property of a seller who refuses to sign a release where they were in violation of non-performance of a contract
0 votes 9 answers Share Flag
Mon Sep 28, 2015
ian cockburn answered:
Remember also that your contractor has to comply to the latest building codes, which continue to evolve. This means there are additional considerations beyond the foundation your contractor will have to consider. Beyond that, depending on the neighborhood, accessibility to the property can be an issue, further raising the price of construction. ... more
0 votes 14 answers Share Flag
Wed Jul 29, 2015
AmyCastillo answered:
Hello, Are you obtaining financing or paying all cash. I ask because if you are obtaining financing the answer is actually very simple.
You should have a Pre Approval Letter from your Loan Agent that states how much you can afford. Most Seller's require you to provide this letter when making an offer on the home. So your real estate agent will not be able to put an offer on a home that exceeds your budget because your Pre Approval Letter will not match the offer.

Hope this helps :)
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0 votes 8 answers Share Flag
Fri May 29, 2015
Dorene Slavitz answered:
This is not possible to answer with much accuracy. I would recommend you contact a local Contractor for a good estimate. You can talk to more then one to find out what it will cost. Many homes need foundation reinforcement before you can build a second story on them. You also have to look at zoning laws as they pertain to your particular property. ... more
0 votes 3 answers Share Flag
Thu Mar 12, 2015
christine kankowski answered:
Yes, the price is true, but I just had a listing sit for several months and the seller didn't want to do a pirce adjustment. Low and behold, after we staged the home, we received multiple offers. It was crazy.
It honestly looked super nice before, vacant, but it just felt sterile and unwelcoming and dark.
Once it was staged, the wonder of the home came through.
i learned a valuable lesson that day!
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0 votes 9 answers Share Flag
Tue Mar 10, 2015
Rich answered:
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0 votes 11 answers Share Flag
Thu Feb 20, 2014
Dorene Slavitz answered:
Hi Craig,
Realtors have the Open House information. I would connect with a local Realtor for current information.
0 votes 6 answers Share Flag
Fri Feb 7, 2014
Dorene Slavitz answered:
You are not looking for renovation"faults' that are cleared by an appraiser ( not a professional in the field or a city inspector). You are looking for permits for the construction, filed with the city. ... more
0 votes 4 answers Share Flag
Tue Nov 19, 2013
Gail Mercedes Cole answered:
Hi Donna Marie,

There are several factors that make some areas more expensive than others.

1. Local school ratings
2. Crime rate in the area
3. Is area well maintained (pride of ownership)
4. Does residential and commercial area have updates
5. Is there newer construction in residential and commercial areas.
6. Walk-ability and drive distances from parks, beaches, restaurants, shopping centers, schools and freeways.
7. The establishment of neighborhood. Is neighborhood established with records of stability, maintenance, school rating and crime rates?

In Los Angeles neighborhoods vary greatly within a few blocks. Home within block from schools and freeway, adjacent to alleys tend to have less value. Hope this information is helpful.

Gail Mercedes Cole
EXP Realty Marina del Rey
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0 votes 14 answers Share Flag
Tue Nov 5, 2013
Bernardo kinsky answered:
Do the real estate regulations apply to all 50 states equally? May i ask how one proceeds when Broker shows you a house and reads over the phone a list of cosmetic improvements provided to him by the seller. Buyer went ahead with the survey any way and the results(and supporting photos...12 approx. single spaced pages) showed hazardous and/ or extremely pricystructural,electric,plumbing,roofing problems as well as completely ridiculous issues like a hot tub powered with a 2 pin non grounded extension cord and a t.v. cable running from this house to the next one along the road. We have a 800+ credit rating ,have been pre approved and were completely dependent on a good realtor. What went wrong and how to fix it. The house was NOT placed under contract '' as is" ... more
0 votes 11 answers Share Flag
Wed Oct 9, 2013
Susan Klos answered:
90066 is the community of Mar Vista in the City of Los Angeles.
0 votes 12 answers Share Flag
Wed Oct 9, 2013
Ritchy Haynes answered:
I typically suggest no. This can inflate your rate unnecessarily and often times lenders require and have a say in who does the repairs. I suggest if it is something you wish to do yourself or over time, then absolutely avoid financing these items! ... more
0 votes 9 answers Share Flag
Wed Jul 10, 2013
Dorene Slavitz answered:
Dear Brooke,
You need a Real Estate attorney in the State of Illinois to help you with this issue and also possibly the Realtor who was helping you with the transaction.
0 votes 7 answers Share Flag
Wed Jun 19, 2013
The very first homes I showed as a real estate agent were condos in Long Beach.

I have seen seasoned professional investors get their butts handed to them in Long Beach

A condo in that price range could to be in an area not a lot of people would want to live in. So your great cash flow deal can turn into a cash drain real fast. On the other hand there are areas that are primarily kids going to the college there. Those homes are rented out non-stop and have great cash flow.
Keep in mind though that Long Beach is a huge city there are some really good areas as well. It looks like you are from Texas I would find an agent that knows the area. I no longer sell real estate but I know a couple that do if you are interested.

Good luck
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0 votes 15 answers Share Flag
Tue Jan 15, 2013
John Walin answered:
one more thing...
auctions are a joke, just because you are the only one who bids on a property, or competitive and you are the high bidder, doesnt mean the auction house has to award that bid price. Most often the bankholding the primary note bids the amount on the outstanding mortgage balance on the note and unless you go over lent amount value you dont win. There is a lot of money to be made selling auction lists to people that think they can buy a house for $300. ... more
0 votes 17 answers Share Flag
Sat Jan 12, 2013
Kawain Payne answered:
Ifthe fumigation truly caused the damage...the seller can ask the termite company to pay for or repair the damages.

Kawain Payne, Realtor
0 votes 18 answers Share Flag
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