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90005 : Real Estate Advice

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  • Local Info1
  • Home Buying11
  • Home Selling0
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Activity 18
Thu Jun 23, 2016
Claire asked:
My landlord tells me one thing, but I measured one room and it is much smaller. So, I am not sure I can trust her without a proper assessors data or some other formal document. Can anyone…
0 votes 0 Answers Share Flag
Wed Jun 1, 2016
answered:
I think I would, but do not spend the money. I am not sure if this is good advice.

For one thing the owner is not going to pay the mortgage, nor will the lender accept his money, unless he brings it all current.

The problem is you have to move and may need to show you have been paying your rent on time.
... more
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Mon May 18, 2015
Debra (Debbie) Rose answered:
Why do you want a house to be appraised?
Are you concerned about how much to pay?

Maybe you aren't aware of the process, but.........when you work with an agent, he or she will help you understand home values in the area. They can show you similarly priced homes, so you can compare currently listed homes, as well as homes that have already closed.
They are referred to as "comps" (comparable sales).

This can help you get a sense of pricing in the area.

Once you find a home ............you can make an offer based on the information your agent has shared.

Once you begin the mortgage process, the lender will order an appraisal (which you will pay for!)..............then you will see how that number compares with your sale price.

Best wishes.........
... more
0 votes 2 answers Share Flag
Thu Mar 13, 2014
Trevolyn Haines answered:
Watch out for listing that have originated from sites like postlets & craigslist.

This blog offers some great tips & info re: rental scams:

http://www.trulia.com/blog/Trevolyn/2013/11/could_it_be_a_rental_scam ... more
0 votes 6 answers Share Flag
Mon Dec 9, 2013
Ricky Smiles Jr. answered:
Going to the county Assesors Office should do the trick.
0 votes 5 answers Share Flag
Thu Nov 7, 2013
John Arendsen answered:
Building departments will have a print out that give you all their requirements i.e. set backs, sq. ft. of structure, and any other stipulations they may have. Start there.
0 votes 5 answers Share Flag
Thu Oct 3, 2013
Gail Mercedes Cole answered:
Ben,
Revert to signed purchase agreement and escrow instruction. Have contingencies been removed or outstanding. What is reason for cancelling escrow at final walk-thru? I do not have enough information review contract with your Realtor.

Gail Mercedes Cole
EXP Realty Marina del Rey
310.853.9933
... more
0 votes 8 answers Share Flag
Tue Sep 24, 2013
Gail Mercedes Cole answered:
Hi Ero,

Contact a Realtor, tax assessor or title company for the lot size.

Gail Mercedes Cole
EXP Marina del Rey
310.853.9933
0 votes 6 answers Share Flag
Sun Aug 18, 2013
Gail Mercedes Cole answered:
Hi Ero,

I cannot make the decision if your parent to continue to rent or buy. They should consult with their financial adviser what is financially to their advantage. What is their motivation for purchasing a home now? They may want pride of home ownership. Homes are pricey in Los Angeles, CA. Would the monthly home purchase expenses equal or far out weigh the benefits of renting. There are a lot of things to consider. As a family pencil out:
- Financial advisers recommendations.
- Rental expenses compared to home ownership expenses.
- The amount of the down payment
- Motivation for homeowners
- Tax benefits of homeowner
- Will life quality and financial rewards of home ownership increase of diminish lifestyle.

Things your parents should consider Good Luck.

Gail Mercedes Cole
EXP Realty
853.9933
... more
0 votes 11 answers Share Flag
Thu Jun 27, 2013
Tammy Hayes answered:
Go to the county records and run a search. If you are unable to find it, call the property tax office.
0 votes 1 answer Share Flag
Thu Jun 27, 2013
Tammy Hayes answered:
The county property records. Most counties have a search you can do yourself online. Otherwise call them and ask.
0 votes 2 answers Share Flag
Tue May 28, 2013
Jo Lasley answered:
If the appraiser notes that the garage has been converted into living space, and notes that it is illegally, and not to code, 2 things might happen: To bring the garage back to original as a garage and/or not give it value as living space. Health and safety issues are a concern from the banks view. ... more
0 votes 20 answers Share Flag
Thu Jul 1, 2010
Kim & Kristine Halverson answered:
Hi Joshua,

It depends on the appraiser your bank sends out and the type of appraisal requirements for your loan. I have had appraisers measure each and every room. Some appraisers walk thru take pictures and do the rest from their office according to the county tax records and MLS.

Good luck, hope you get the home!

Best,

Kristine :)
... more
0 votes 6 answers Share Flag
Wed Jun 30, 2010
Jo Lasley answered:
In your state of Louisana rules and regulations from the department of real estate may allow you to cancel and find another lender. You need to be upfront with your agent so that they can guide you in that decision. ... more
0 votes 3 answers Share Flag
Wed Jun 30, 2010
Jo Lasley answered:
The CAR contract has time frames in which to meet all your requirements for the contingencies. As long as your agent kept you in those time lines, even asking for extensions to meet those deadlines, then you would be assured to get your deposit back. The loan is NOT a contingency of this contract and I know many agents will argue that it is. If you submitted a pre-approval letter with your offer per the contract, then getting a loan isn't an contingency. ... more
0 votes 3 answers Share Flag
Wed Jun 30, 2010
Tom Sandlin answered:
Go to city-data.com and search for that zip code.
0 votes 1 answer Share Flag
Mon Sep 1, 2008
Soohyun Son asked:
How to find out if new condo unit is all sold out. List of owners info was asked and denied(California)


This unit started selling one year ago, and I was told that all units are sold.…
0 votes 0 Answers Share Flag
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