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91423 : Real Estate Advice

  • All22
  • Local Info0
  • Home Buying3
  • Home Selling1
  • Market Conditions2

Activity 13
Thu Aug 11, 2016
Derek Jones answered:
Although there are programs available to help pay for downpayment and closing cost I'd recommend waiting a bit and saving up some money. There are other expenses involved with buying a house like appraisal, inspections, moving expenses, etc. When you have reserves setup you can look into as they have the myhome program for assistance. ... more
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Tue May 31, 2016
Suzie Benson asked:
artist/writer...go figure. .lol) should I try using a real estate agent to help me find a place? I'd like to move soon and somewhat near to the 91423 area. Thank you! Xo
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Mon May 23, 2016
Doug asked:
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Fri May 29, 2015
Maggie Oreck answered:
Low inventory have the sellers in a great position. Most of the properties have multiple offers therefore buyers need to be more aggressive with their offers
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Thu Jan 9, 2014
Mary Baldwin answered:
Obviously you've gotten the answer to your question by now, but no you're not a control freak for wanting to see what you're paying for during a transaction. I give my buyers and sellers an upfront cost estimate at the very beginning so there are no surprises and the end! ... more
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Sun Jul 31, 2011
Scott Godzyk answered:
click on your name upper right, you can then click on account setting sand change your email, if you still have trouble go to the lower right, click on send us feedbackand email trulia direct for the change. ... more
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Tue Jan 25, 2011
Cricket Yee answered:
Hi Mike, I suggest you proceed very carefully regarding rent-to-own listings, especially if you are finding them on Craig's List. Postlets is a free service, and anyone can make a very professional-looking ad with or without a real estate license. The reason I am cautious is I have a friend who answered an ad, which looked too good to be true, and it turned out that the property had been foreclosed by a major bank, and banks do not do rent-to-owns. The people who ran the ad wanted a large sum of money for an application fee, and that is not typical for rent-to-own scenarios either.

Right now, rent-to-owns are not typical for the Sherman Oaks area. The only advantage in this market to do such a deal is if you don't have the down payment, but 3.5% FHA loans take the teeth out of this scenario.

Good luck and do not hesitate to ask more questions.
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Fri Jul 9, 2010
Cynthia Sparagna answered:
Dear Mom:
Like every market, it truly depends on the property's location, condition and price whether or not an appraisal is "favorable" or not. Last year there was a change in appraisal regulation and we saw a lot more conservative appraisals coming in. Depending on the location/neighborhood of the property, the appraisals are indicating a response in favor of a slightly higher market than last year. Honestly, the appraising has nothing to do with loan modifications from what we are experiencing in my office. Since the banks have the TARP money, they are not realy working hard to assist folks in loan mods. Also, what people don't understand about loan mods is they are not loan reductions, simply a reduction in monthly payments for a temporary amount of time. Most of my clients and friends are not getting much support from their mortgage lenders in providing them a loan modification.
Cynthia Sparagna 818.207.9399
E&A/Sotheby's - Sherman Oaks
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Mon Jun 21, 2010
Tommy Lee answered:
I have seen anywhere from 14 to 45 for regular retail and 22 to 54 for restaurant. That is, per square foot per year. A couple places I showed a client were in pretty sad shape and needed a lot of renovation. That was on the lower end. The upper end I showed a restaurant set up that was next to a coffee shop on the boulevard and it, of course was on the upper end.

If you are a home buyer, why the interest in commercial?

If you need assistance with anything, please call or email me.

Tommy Lee
... more
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