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91030 : Real Estate Advice

  • All11
  • Local Info1
  • Home Buying5
  • Home Selling1
  • Market Conditions1

Activity 7
Mon Jul 14, 2014
Charlotte Turner,ABR®,e-PRO® answered:
I have closed on several short sales and REOs. There are deals to be had but the transactions are not quick nor are they without frustrations. If you are patient and you have a realtor who has closed some short sales ( a real bonus is one who has dealt with the particular lender involved), you can get a good deal. Work with your agent to put together a good offer and BE PATIENT. ... more
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Wed Jan 22, 2014
Basim Hilal answered:
You should attach a property flier to the "For Sale By Owner" sign, that way any interested buyers that drive by and see your for sale sign can pick up a flier and have all the property information. If you really want to sell your house though you should hire a trusted real estate specialist. They can properly market your home and handle all the contracts and negotiations associated with a real estate transaction. A Realtor can also accurately price your home and make sure that you get every penny your house is worth. ... more
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Tue Jul 30, 2013
Pat LaBorde answered:
The average price per square foot for single family homes in South Pasadena has risen just under 7% from January 2013 through June 2013. In January, the average price per square foot was $494; as of the end of June, the average price per square foot was $528. Of the 74 single family homes sold in this time period, over 40% were over the average price per square foot. ... more
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Fri Mar 19, 2010
Carrie Bryden answered:
In California, we have a short sale addendum that gives the buyer the option to either hold on to the deposit and wait for the bank to approve the short sale before entering escrow., or you can open escrow, sign over the deposit and begin the inspection and escrow process. A good strategy is to go ahead and opt for opening escrow and moving forward before the short sale is approved. A bank is more apt to review the file that is nearest closing. ... more
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Fri Mar 13, 2009
Dave Heck answered:
I just checked out the CEA website to see what it would cost me for minimum coverage and it came to about $50 a month, which seems pretty reasonable. That's for a wood frame structure, built in the late 70's, covered for $250,000, with a 15% deductible. From what I understand only about 12% of Californians have earthquake insurance. The rest of us are rolling the dice. ... more
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Thu Mar 12, 2009
Heather Walker answered:
Zillow is a great tool to get a "ballpark" estimate on your home if your are just curious, but if you are serious about selling or refinancing, it is always best to get the expert opinion of a real estate professional who will use relevant comparables to come to an accurate valuation. ... more
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Tue Aug 12, 2008
Shel-lee Davis answered:

Foreclosure follows many months of late payments. Each property will be reported 30, 60, 90, and in collection and each of these has an impact on your credit score, so it is like 30 days late X 2, etc. In regards to how long it will stay on your credit report, each item reported has its own life and that life will run out in its own time.

I have a question for you. Since you look like you will be losing two homes to foreclosure, I would guess that there is some hardship associated with this. Is there a reason you are not looking at short sale, loan modification, or any of the many ways to keep your homes from going to foreclosure? I am a Home Retention Consultant and specialize in helping people in your situation find the right solution for their particular set of circumstances. Please feel free to contact me so we can review your options together. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
... more
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