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Home Buying in Beverly Hills : Real Estate Advice

  • All232
  • Local Info12
  • Home Buying51
  • Home Selling4
  • Market Conditions10

Activity 98
Mon Nov 5, 2012
Nils Rudovics answered:
It doesn’t matter. Everyone is right in that it you should have put a clause in your Counter that the expiration date of the Offer was extended to the date you presented your Counter. Nevertheless, if you failed to do so, a strong argument can be made that the defect was corrected and/or a new revived contract was created when your Counter was accepted.

HOWEVER, the reason none of this matters is that there is no such thing as a binding purchase agreement against the BUYER. Offers are full of contingency periods during which buyers can always cancel. Plus the law gives Buyers additional rights to cancel depending when and even how some disclosures are delivered even if there are NO contingencies in the Offer itself.

Since you countered to an Offer I presume you are the Seller. The question becomes more complicated if you are now asking because the Buyer is trying to enforce terms of the expired Offer against YOU, which you are now trying to argue do not apply. As always, consult an attorney.

Nils Rudovics
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0 votes 7 answers Share Flag
Mon Oct 8, 2012
Joscelyne Rosenfield answered:
Bonjour Annick, je m'appelle Joscelyne Lavoie Rosenfield. Si vous voulez me telephoner mon cellulaire est 818-266-7747 ou quelle est votre questioin? Au plaisir de vous parlez. josc
0 votes 4 answers Share Flag
Sun Oct 7, 2012
Chris.oger.bh answered:
Bonjour,

Tout depend de sa situation geographique et de l'annee de construction, si c'est un appartement ou un condo.

Pour avoir quelques chose de decent les prix commence $500,000 . Je peux vous envoyer une selection d'appartement si vous le desirez cela vous donnera une bonne idee de ce que vous pouvez trouvez a Beverly-Hills.
Donnez moi votre adresse e-mail pour que je puisse vous envoyer la selection.
Voici mes coordonnees :
Christophe Oger
Rodeo Realty
Cell 310-880-4031
E-mail : chris.oger.bh@gmail.com

Cordialement.
Christophe Oger.
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0 votes 2 answers Share Flag
Sat Oct 6, 2012
rssraj answered:
James, I would love to follow your advice but MLS is quite lenient with its enforcement. I've been through numerous situations where an accepted offer is in place and the broker keeps the entry as 'on sale' in MLS. I think MLS rarely imposes fines and when it does, it's about a $100. Other brokers trick the system by removing a house on sale and putting it back on and changing the address just a little so that a new buyer would not know that the house has been on market for a few years ... more
0 votes 5 answers Share Flag
Sat Sep 29, 2012
Peaceandpowerparenting asked:
Thu Sep 27, 2012
Nils Rudovics answered:
I don’t know the full facts of your case but the short answer is yes, in California you can get a court order to stop a scheduled Trustee's sale. But in order to do so, you need to file a lawsuit. And in order to file a lawsuit you need ligitimate legal grounds where the facts show that the bank proceeded illegally, violated your rights, etc.

If the complaint alleges legitimate grounds which show you might win at trial, the court can issue a Temporary Restraining Order within days of filing. But approx 2 weeks later, you’ll have to convince the judge your lawsuit has real merit to turn that TRO into a Preliminary Injunction to stop the sale until the lawsuit is litigated or settled. The issues can be complex, the litigation expensive (even just the filing fees), so you need to determine your ultimate goal & the cost/benefit to both you and the bank. You will not succeed by simply filing a frivolous lawsuit.

Naturally this does not constitute legal advice but is merely posted as general information. Call me if you have any questions …

Nils S. Rudovics
Without Prejudice UCC 1-207
Attorney at Law - California License # 109753
Real Estate Broker - California DRE License # 01265091
323-850-Nils (6457)
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Sun Sep 16, 2012
Ron Escobar - Local Expert answered:
Your question is not very clear... please re-submit it, and we will be glad to guide you.

Ron
0 votes 3 answers Share Flag
Tue Aug 14, 2012
Julie Kryukova Meggat answered:
Hi Mo,

I would be happy to help you. I work with many clients in Beverly Hills, both local and relocating from other parts of the country and from overseas. All of Beverly Hills is quite nice, good schools, easy access to all parts of LA, and just overall a great place to invest. If you're interested I can send you some listings and talk further about what you're looking for.

Please feel free to contact me any time:
(310)402-8181
jkryukova@gmail.com
www.juliekproperties.com
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0 votes 8 answers Share Flag
Tue Jul 3, 2012
Darryl West answered:
Contact me by email and I will send you a list of available REO properties.

Darryl West
Powerhouse REO
433 N. Camden Drive Ste 600
Beverly Hills, Ca 9010
310-924-7463
dwest@powerhousereo.net
www.PowerhouseREO.net
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0 votes 3 answers Share Flag
Tue Jul 3, 2012
Richard "RJ" Kas answered:
Great building. I used to live next door. Excellent location and terrific walking neighborhood. I would be happy to assist you. Please contact me.
Sincerely,
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills South
166 N. Canon Dr, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-273-0690 fax ATT: RJ
RichardKas@gmail.com - www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
... more
0 votes 4 answers Share Flag
Wed Jun 27, 2012
Richard "RJ" Kas answered:
There are a lot of factors that go into this. Size, location and quality of product are the major factors. Also, do you have your own crew or will you contract this out. If you get a bit more specific, the numbers can be narrowed down. ... more
0 votes 5 answers Share Flag
Tue Jul 26, 2011
Mimi Davies answered:
Hi Canada 14

It's been a couple of months since your posting and I wanted to follow up with you and see if you found your dream property and if you still need any info.

For more accurate estimations, which will vary from property to property really, you might want to ask an agent to assist you :)

In brief, here are the main expenses for a buyer:
- Property tax
- Insurance
- Earthquake
- Utilities (Power, Water, Gas)
- Maintenance (Landscaping? Gardening? Pool? Cleaning aid personnel...)
- Financing related expenses

Have a great day and welcome to LA!
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0 votes 10 answers Share Flag
Wed Jul 6, 2011
Toni Lee Anderson answered:
Depending on your fianacing, or purchase price in cash, I always err on the high side and estimate 3.5% for closing costs and fees. Most times it will be less, but it is far better to plan ahead than be short in the end. Most escrows will "pad" the costs and collect extra $ for unanticipated fees. The unused portion of this "pad" will come back to you after closing. Please consult with a good Realtor and escrow company. They will be invaluable in negotiating these costs for you. Feel Free to contact me if you need assistance or advice. Good Luck! ... more
0 votes 20 answers Share Flag
Mon Jul 4, 2011
Andrew Jones answered:
Hi Lucky,

That's actually a pretty big question because you have everything from luxury homes, mansions, and estates to a wide vaiety custom tract homes north of Suset to Mulholland. The only number that I know offhand is that average price of all the estates which sold for over $10M last year was around $1050 per s.f. while some homes can start well under $2M.

South of Sunset to Santa Monica Blvd. homes sell for around $3M to $5M give or take though there are exceptions. South of Santa Monica and in Beverly Hills' other zip codes 90212 & 90211 you can find even more modest tract homes and apartment buildings that can start as low as around $1M.

Please feel free to get in touch if you'd like more detailed information about specific areas in Beverly hills. Best of Luck.
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1 vote 2 answers Share Flag
Mon Jun 6, 2011
Richard "RJ" Kas answered:
The property was forclosed on 7/8/10 and has not been relisted with an REO agent yet. When it does, I expect to see it listed in the $3.5M-$4M range. I do not know how much you have to spend, but there are plenty of great deals to choose from right now. Interested? Always happy to assist....
Sincerely,
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills East
9388 Santa Monica Blvd, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-273-0670 fax ATT: RJ
RichardKas@gmail.com - www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
... more
0 votes 12 answers Share Flag
Mon May 16, 2011
Connie De Groot answered:
I do not understand what you are hoping to have answered. There were some built after 2005 in beverly hills. If you are looking for a newer home I could send you only those homes. Nevertheless, we have many homes that have been completely remodeled and done to the current codes whereby increasing your selection of homes. I have worked this area for about 10 years if you are looking for assistance.

Best,
Connie
Ph 310 913-1184
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0 votes 7 answers Share Flag
Thu Mar 10, 2011
Mike HassanPour, Esq. answered:
Taxes in most of California is between 1.1 and 1.25% depending on local additions to the taxes.
0 votes 7 answers Share Flag
Wed Mar 9, 2011
Andrew Wing answered:
American Plus Bank is currently offering a "Limited Doc" Mortgage Loan, up to $4MM. NO income verification; NO Tax Returns, NO W-2s, NO Paystubs are needed.

Min. requirements are as follow:
1) Max. LTV 60% on all purchases up to 4 units. 60% LTV on refi & cash out for Primary residences and 2nd homes. 50% cash out for investment;

2) Min. FICO Score >680, with no major deliquencies/late pays/collection accounts and BK histories;

3) Min. 2 yrs employment histories;

4) Min. 2 months banking statements to prove source of funds for purchase. Gift fund is acceptable;

5) 6 months interests Pre-Payment Penalty if loan is paid off within 1st 3 yrs.

*This program is also good for all status, including foreigners'

Please call for details if your can not qualify under conventional loans.

Andrew Wing
Vice President
American Plus Bank
17506 Colima Rd., #100
Rowland Hts, CA 91748
(626) 363-8906
(626) 363-8920 Fax
Email: andrew.wing@bankaplus.com
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0 votes 15 answers Share Flag
Fri Nov 5, 2010
David Chiles answered:
Thank you for your question about unusually low foreclosure price listings. Please be advised that if it looks to good to be true it probably is. Many times an unusually low foreclosure price represents the amount the homeowner is behind on their mortgage or some other lien on the property.

RealtyTrac and Foreclosure Radar .com publish loan and lien information about properties in judicial foreclosure. Therefore, if you saw an unusually low price on a RealtyTrac listing the amount probably represents a default loan or lien.
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0 votes 9 answers Share Flag
Sun Sep 19, 2010
Agentpedram answered:
Hello Alameh.
The best way to do it is to work with someone who specialized in forclousing and specificly in the area you are looking for which is Beverly hills.. its like going to the doctor. you would like to go to the specialist than a regular doctor if you wana to get a good result.
I would be more than happy to assist you and show you my skills.
Feel free to call me at (310) 3673179. My name is Pedram Shamekh
... more
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