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Home Buying in Beverly Hills : Real Estate Advice

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  • Local Info12
  • Home Buying51
  • Home Selling4
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Activity 90
Wed Aug 30, 2017
Tollett111 asked:
Hi,

I am a self-employed person and I am planning to buy a home. I don't have much savings for that and so, there is no option other than a mortgage. But, I have some issues with my credit…
0 votes 0 Answers Share Flag
Sun Jul 23, 2017
Alysse Musgrave answered:
Scott's right...nothing you can do. In my state, sellers are required to share any inspection report that they have in their possession regardless of who paid for it.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
0 votes 2 answers Share Flag
Wed Apr 5, 2017
Samihahkassis answered:
There are so many procedures you must follow for build a home. But it is not that much easy to construct a home without a proper planning. As you know expense must be calculated in manner that you can manage. ... more
0 votes 4 answers Share Flag
Sat Jan 21, 2017
Hotog12 answered:
We have had lots of issues closing on a property. First the property wasn't ready for the 2 days that we were originally suppose to close. Then we did a final walk thru the day before the closing date and found the basement toilet had sewage spilling out. We requested it be fixed prior to closing the next day at 1pm. Time came and went and they finally had someone to attempt to fix it by 3:30pm but we had to close by 4pm. We decided that they were not holding up their end of the deal and the home was not ready for us to be done with the deal. Has anyone else had this experience? This seller is also an attorney threatening to sue us for not closing but the home has raw sewage in two rooms in the basemen! Thoughts? ... more
0 votes 66 answers Share Flag
Mon Jan 2, 2017
answered:
Hello Cpickart, are you paying all cash or do you need some financing?

You may consider 5% down Jumbo with a minimum 720 fico score from 417k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Once you are pre-approved and know your qualifications and purchasing power you can determine what cities and home prices you may consider.

You will need to be pre-approved to be able to meet an agent to view and submit offers on homes of your choice. You will need to gather one month paystubs, two month bank statements, last two year tax returns including 1040s, 1099s, W2s and all schedules and copies of your drivers license or ID and social security cards for each applicant.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Mon Jan 2, 2017
answered:
Hello Random___48521, I guess it is up to you and affordability. How much do you have to work with? Do you have down payment and closing costs?

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may consider 5% down Jumbo with a minimum 720 fico score from 417k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Once you are pre-approved and know your qualifications and purchasing power you can determine what cities and home prices you may consider.

You will need to be pre-approved to be able to meet an agent to view and submit offers on homes of your choice. You will need to gather one month paystubs, two month bank statements, last two year tax returns including 1040s, 1099s, W2s and all schedules and copies of your drivers license or ID and social security cards for each applicant.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Mon Jan 2, 2017
answered:
Hello DudeBroMeowMeow, the purchase in Pacific Palisades start from 799k for 1bd 2ba 1,253sf condo while the purchase in Monrovia start from 349k for 2bd 2ba 1,016sf condo and up. I guess it is up to you and affordability.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 417k.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

You may consider 5% down Jumbo with a minimum 720 fico score from 417k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Once you are pre-approved and know your qualifications and purchasing power you can determine what cities you may consider. Do you have down payment and closing costs saved?

You will need to be pre-approved to be able to meet an agent to view and submit offers on homes of your choice. You will need to gather one month paystubs, two month bank statements, last two year tax returns including 1040s, 1099s, W2s and all schedules and copies of your drivers license or ID and social security cards for each applicant.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
Wed Jul 27, 2016
Sandra Costa answered:
These agents are experienced and know the scoop with remodeling and new construction. As a Design and Build Firm we work closely with the agents while they keep us up to date on the buy and sell market and we do the same with construction and design costs. Our work is shown on www.sandracosta.com where you can find a wonderful presentation of homes, bathroom, kitchens and home theaters.

We are more than happy to assist you with questions you may have and walk you through the process. Our team will always deliver true facts on what hidden costs there may be lurking in remodels or hillside new build.


Please do call me.

Natasha June

natasha@sandracosta.com
323 932 0223
... more
0 votes 5 answers Share Flag
Sun Apr 24, 2016
Jonathan Lahey Your Home SOLD Guaranteed answered:
Same here , MLS could be the best way for listings and get a lot more of exposure!
0 votes 7 answers Share Flag
Fri Dec 4, 2015
Moses.salas.iii answered:
90% conventional, 30-year fixed rate at 5.25%, 1 point
1 vote 5 answers Share Flag
Tue Nov 10, 2015
Daniel Castiel answered:
Hi Alex,

Why don't you ask the seller. Sure, you might be able to get a great deal if the seller has reasons for a quick sale. But it's its unlikely that you will get a bargain price.

Your agent can find out if they are in financial trouble or have liens against the house.


Please feel free to contact me at (310) 584-7721 if you have questions. I would be happy to answer any questions.

Daniel Castiel
GoldStar Realty
(310) 584-7721
Dcgoldstarrealty@gmail.com
BRE #01023338
www.DanielCastiel.com
... more
0 votes 33 answers Share Flag
Sun Aug 30, 2015
Sally Grenier answered:
Different MLSs have different rules, but typically you need to belong to a local board, the state board and the national association of Realtors. Maybe you should ask your managing broker? ... more
0 votes 1 answer Share Flag
Mon Aug 3, 2015
Diane Christner answered:
The builder's representative is just that - a person employed by the builder, who puts the builder's interests first, regardless of what they may tell you. Due to the high volume nature of new home sales, builder's agents are often paid less than a traditional commission (some are even on salary plus incentives) so it is common for builder's reps to use high pressure sales tactics with potential buyers.

There are a number of reasons to use your own buyer's agent when purchasing a new construction home from the builder, such as:

1) Negotiations -- a good buyer's agent that is familiar with the local builders will be able to guide you through the contract process and negotiate on things such as price, options, closing costs where possible. Most builder reps will not tell you that those things can be negotiable. Nor will they tell you that you have the right to select a lender and title company/closing agent of your choice.

2) Contracts -- a buyer's agent will insist that all terms verbalized by the builder's rep are put into writing so that they are enforceable later on. Your agent can also go through the builder's multi page contract with you and point out important terms that you may miss or not realize the significance of. They will also help you go through your final list of builder upgrades to make sure everything you want is there and that there are no extras you did not select. By the way, builders love upgrades as that is a significant source of profits.

3) Accountability -- having your own buyer's agent tends to make the builder more accountable. Mistakes happen during the building process, a buyer's agent will work with you to make sure mistakes are corrected, not ignored or covered up during the process. This is especially true when it comes to the Punch List. Builder rep's often prefer to ignore somewhat minor issues that can be major issues to the buyer. My suggestion -- always have a home inspection completed before closing by an independent home inspector with an excellent reputation and good credentials, and make sure the option to have an independent home inspection is written into your contract.

4) Experience -- a buyer's agent who deals with new construction purchases will generally have better knowledge of the local builders reputations, their strengths and weaknesses. They can tell you what are normal building practices in the area and what are not.

5) Knowledge -- a buyer's agent should be able to run the numbers for you comparing a new construction home in a neighborhood or area vs one that is just a few years old. Sometimes the best deal for a buyer is NOT a brand new home, but rather one that is only a couple of years old that the owners have to sell due to circumstances.

Generally there is no additional cost to the buyer to have their own buyer's agent. Most builders price buyer's agent compensation into their pricing strategies and encourage buyer agents to bring customers as they recognize real estate agents as a significant source of business.

One last comment, if you want your buyer's agent to get paid for assisting you in your new construction home purchase, please make sure that when you visit the model homes or sales office for the first time that you bring your agent with you and register them as your agent of record with the builder. Otherwise, your agent may spend countless hours helping you through the process only to find out at closing that they are not getting paid.
... more
1 vote 3 answers Share Flag
Tue Jul 21, 2015
Paulmbart asked:
what is the historic price history for homes sold in 90210 in the price range of 5$ million to $10 million?
0 votes 0 Answers Share Flag
Tue Jul 14, 2015
Lolita Bagramyan answered:
Hello,

Non licensed staff may answer the telephone, take messages, and forward calls to a licensee. Furthermore, they may arrange and order reports and services from third parties (such as pest control companies, title companies, appraisers, credit check or report, or repair work) in connection with the transaction as directed by the real estate licensee.
They cannot however discuss the real property needs of the prospective client or use the call for solicitation purposes with respect to a specific property, transaction, or product. In addition, non-licensed staff cannot explain contracts, disclosures, and reports or negotiate.

Please contact me for all of your real estate questions and needs at 310-748-7717 or Lolitabrealestate@gmail.com.

Lolita Bagramyan
Rodeo Realty
Lolitabrealestate.com
http://www.luxuryrealestate.com/residential/2397810
https://www.linkedin.com/profile/view?id=393692668&trk=nav_responsive_tab_profile

Kind regards,

Lolita
... more
0 votes 5 answers Share Flag
Thu Jun 25, 2015
Daniel Castiel answered:
Since Beverly Hills is rent control I dont believe you can do that,
instead look for renters that specifically want short terms knowing that they have to return
(maybe overseas) after 6 months.

But then again if you own your own condo or home the rules are different.Best to call BH city to get clarification.,

Feel free to contact me directly at (310) 584-7721 or dcgoldstarrealty@gmail.com.

Best,

Daniel Castiel
GoldStar Realty
(310) 584-7721
dcgoldstarrealty@gmail.com
http://www.danielcastiel.com
BRE #01023338
... more
0 votes 2 answers Share Flag
Thu Jun 25, 2015
Daniel Castiel answered:
good question but too many variables involved to predict favorable results.expect to do it for at least a year to see results, if any.
0 votes 2 answers Share Flag
Tue Apr 21, 2015
answered:
Hello triannem, It only takes a few dozen questions to qualify and go over your options. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
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0 votes 2 answers Share Flag
Sun Apr 19, 2015
Rich answered:
If you need help to raise your credit scores fast,
We specialize in raising FICO scores dramatically, in weeks, not months or years.

As a matter of fact with one of our most recent clients we raised his score from 552 up to 729 in 3 weeks.

Hope This Helps

Contact Us!

IZM Credit Services
800 N Rainbow Blvd
Las vegas, NV 89107
(702) 758 - 3799

IzmCreditServices.net
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0 votes 9 answers Share Flag
Thu Apr 2, 2015
Jim Olive answered:
Unfortunately computers aren't great at comps, and they don't care about ethics. Even more unfortunate, some people take their product as gospel. It takes common sense and analytical ability (something computers lack) to compare value. NEVER place too much faith in the value generated by a house valuation website. Even humans can make mistakes...but not as often as valuation websites. Best of luck... ... more
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