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Home Buying in 90245 : Real Estate Advice

  • All17
  • Local Info1
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 5
Wed Jun 15, 2016
Rich Reed answered:
The form you referenced is not a standard CAR form, so I don't know what it may say. I would speak about your concerns to your Broker, the person your agent is licensed under. If your agent is the Broker, or if you would prefer another way to deal with your situation, and your agent is a Realtor, you can contact California Association of Realtors which provides a service to assist clients with handling concerns with their agents. If you wish the assistance of a C.A.R. Ombudsman, you may call (213) 739-7227 or email the Ombudsman Hotline at You can call their Ombudsman for help at no charge. They handle mostly agent to agent concerns, but they also welcome client to agent concerns as well. ... more
0 votes 2 answers Share Flag
Sat Oct 5, 2013
Gail Mercedes Cole answered:
MLS latest update is July 2013
Information provided MLS:
El Segundo Single Family Home Sales
July 2013
Total Sold Dollar Volume: $ 1,799,000
Average Selling Price: $ 899,500
Average List Price: $ 875,500
Avg Sales Price/Avg. List Price: 102.7%
Median Price: $ 899,500
Average Days on Market: 36
Number of Listings Sold: 2

Sold Listings: 1. 742 EUCALYPTUS DR $ 750,000
2. 649 W MAPLE AVE $ 1,049,000

Today active listings range from $649,000.00-$1,799,000.00
Hope information helpful please call for more information.

Gail Mercedes Cole
EXP Realty Marina del Rey
... more
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Fri Mar 16, 2012
Claudia Muller answered:
The bank, most likely, does not want an FHA loan because the bank believes that the FHA appraiser is going to ask for many health and safety issues to be repaired. That being said, a conventional appraiser may ask for glaring health and safery issues to be addressed, as well.
Banks are slooooooooooooooooow!
They do not work weekends, like all the rest of us on Trulia do!!
The bank has no emotional attachment to the transaction. The transaction sits on a desk in a stack and is dealt with when it hits the top of the pile.
I have a current transaction where the offer was accepted on the Feb 25th. The fully executed contract took over 2 weeks to receive back from the bank.
The buyer was not asked to provide earnest money deposit for 3 whole weeks.
I had another where the foreclosing lender could not find the Trustee's Deed for a month. The transaction was delayed closing for 4 weeks. The rate lock had to be extended, etc.
These transactions are not for the faint at heart!
This is why "Traditional" sale properties sell first and sell higher.
Hang in there. On a foreclosure you will close. It will be hurry up and wait, but you will close within 45-60 days from acceptance.
Short sale? Whole 'nother story!! Could be months and months and months.
Your professional agent will know which short selling real estate agents can perform on the short sale close for you.
... more
0 votes 9 answers Share Flag
Wed Jun 30, 2010
Richard Murphy answered:
If the property you are planning to buy is a property that the bank has taken back. offer 80% or of the listed price, and if it is Short Sale should be between 60% and 80% of the fair market Value price. The reason is a Short Sale and Foreclosed property is not worth market value, but if you ask a Realtor he or she gets paid by the amount you purchase at, so you will make a higher offer if it is up to the Realtor they don't have a penny invested into the Dream house you want to buy......... ... more
0 votes 8 answers Share Flag
Fri Oct 24, 2008
Charita King - Short Sale Specialist answered:
What's the address of the property you need help with?
Charita King 562-276-8681
0 votes 2 answers Share Flag
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