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Home Buying in Los Angeles : Real Estate Advice

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  • Home Buying1K
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Activity 2,032
Yesterday at 12:25am
Adrianrod7 answered:
The market is over-inflated due to Chinese cash buyers. I'm a real estate agent and see this every day. They don't live in this country but buy for investment purposes or to hold on to the home for a child, hoping they go to college in the USA, or for renting out. ... more
0 votes 75 answers Share Flag
Wed Aug 16, 2017
dralb76 answered:
is. I am now trying to go FHA, but it will cost more at a higher rate and use up all my saving. I do not want to back out and lose what I have already invested, but I also feel oike this should not have happened. Am I out of line asking for a discount from either or both? ... more
0 votes 1 answer Share Flag
Sat Aug 12, 2017
Jljrn2 asked:
Fri Aug 11, 2017
Nothanksguys answered:
I am curious because we just lost out on a home this way ^. Sellers went with a developer offering $68k more than an all cash offer.. but what happens if they build a bathroom and then the bank refuses to finance the loan? We can't seem to beat the developers no matter what we do. ... more
0 votes 1 answer Share Flag
Fri Aug 11, 2017
Kathy Burgreen answered:
What do you mean "buy you an apartment". Is this a coop or a condo? If this is a coop, will you need to be approved by a coop Board? If this is a condo, who is responsible for paying the monthly HOA fee? Whose name will be on the title / deed or shareholder certificate? Is there a signed legal agreement if you break up or one of you doesn't pay the monthly HOA fee?

Whether this is a coop or a condo, there are monthly HOA fees and if you don't pay, the HOA can take legal action and evict you and they will own the apartment. This means your boyfriend will never get his money back. It also means both of your credit scores will be ruined.

My opinion - either you are looking at a future divorce or your boyfriend could sue you if things don't work out.
... more
0 votes 2 answers Share Flag
Thu Aug 3, 2017
Connellysm answered:
Married 30 years. own home as sole and separate property for 20 years. Getting divorced and giving him 45%. Do we both get $250,000 exclusion if we are divorce filing separate?
0 votes 5 answers Share Flag
Mon Jul 31, 2017
Coolviet119 asked:
Opened escrow on June 22, 2017. Sellers initially agreed to 35 day escrow. By this time, my interest rate was already locked at 30 days. They then changed escrow to around 45 days. Didn't…
0 votes 0 Answers Share Flag
Thu Jul 27, 2017
Jimrdrennen answered:
Thu Jul 27, 2017
Alysse Musgrave answered:
In my area the title company orders the survey, not the Realtor. If there's an existing survey, the seller can share it with the next buyer. Talk to your agent and title company.

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Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
0 votes 1 answer Share Flag
Wed Jul 26, 2017
Diecigiovanni54 answered:
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... more
0 votes 32 answers Share Flag
Tue Jul 25, 2017
Alan May answered:
No. Power of attorney for real estate just gives you the right to sign the legal documents for your son. It doesn't obligate you for the documents you're signing... you're signing in HIS stead... not for yourself.

You're not co-signing the loan... you're signing for him.
... more
0 votes 1 answer Share Flag
Fri Jul 21, 2017
Dionne Pope answered:
Information is general as I do not have access to all of the documents and details of this escrow. The following is a courtesy to clarify a couple of items you have provided.
NOTE: Closings (recordings) do not occur on a weekend or holiday so what was discussed for your Close Of Escrow with your realtor.. 7/29/17 is a Saturday.
You have two options:
"AsK" them to pay the $100 per day. They can say no.
OR
Present them with a notice to perform. A CA Residential Purchase Agreement defaults to 48 hour Notice to Preform. This option is for the Seller, should a buyer not be abiding by the agreement. Generally you deliver a Notice to Preform within a few days prior to the due date. In this case, using your /29/17, you would present it on the 27th.
After the 48 hours you can either cancel the contract and start all over or do nothing.
... more
0 votes 8 answers Share Flag
Fri Jul 21, 2017
buywithdaniel answered:
Hey there! For NACA they actually have their own Realtors, so there may not be a lot of "NACA certified" Realtors that know that particular area. They're Hawthorne office is closest to that area but I cant speak to the knowledge of the real estate agents there. However, I do work with NACA clients all the time and I specialize in that area! I'd love to speak with you about your home purchase and assist!

Daniel Keyes
424-216-6459
Cal B.R.E.#01987986
Evelyn Hubbard Realty Group, Inc.
Cal B.R.E.#01971749
... more
0 votes 1 answer Share Flag
Thu Jul 20, 2017
Katherine Hart asked:
My husband and I are in a very stressful escrow. We had a lender in place and got 21 days into a 30 day escrow when our lender called us to tell us they made a mistake on our income (my…
0 votes 0 Answers Share Flag
Wed Jul 19, 2017
Alan May answered:
I applaud the inspector for trying to find a solution. It's possible that in order to effectively involve his insurance, you may have to "sue" him... I'm not sure.

Since you were already aware of a $7-$8,000 expense... it has just increased by $7,500-$12,500... right? That's what I would be looking for.

Good luck.
... more
1 vote 1 answer Share Flag
Tue Jul 18, 2017
Rkbrengle answered:
We are waiting for our buyers to come up with the funds to complete our sale! is there a limit of time that we have to give them?
0 votes 59 answers Share Flag
Wed Jul 12, 2017
Rich Reed answered:
(I don't work for Trulia) I have noted that HOA fees are included in the Trulia listings if they were in the original data source. The problem may be that most web portals don't have a way to filter the listings based on HOA fees.
If you choose to work with a local Realtor, your Realtor can customize your property search in hundreds of different ways to suit your needs and send you updates as soon as property matching your specific criteria are listed or updated.
We specialize in the San Gabriel Valley, but assist buyers in other areas as well.
Thanks!
... more
0 votes 1 answer Share Flag
Mon Jul 10, 2017
Rich Reed answered:
You might consider working with a local Realtor as your exclusive buyer representative. A good agent knows how to get your offer presented to the seller even if the listing agent says they are not accepting offers. ... more
0 votes 1 answer Share Flag
Mon Jul 10, 2017
Scott Godzyk answered:
Unless you find a couple you are willing to pay up front, they are working for free. If you buy with someone else, they get zero for the time and work they invested in you.
0 votes 3 answers Share Flag
Mon Jul 10, 2017
Derek Jones answered:
Talk to you agent about next steps such as "Notice to Seller to Perform". If the seller's agent isn't being helpful have your agent talk to the seller's agent broker about the matter.
0 votes 1 answer Share Flag
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