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Home Selling in Los Angeles : Real Estate Advice

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  • Local Info288
  • Home Buying1K
  • Home Selling209
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Activity 305
Sat Nov 1, 2014
Jennifer Fivelsdal answered:
Glad you were please with your agent. Congratulation on getting an offer above list price, Your agent would love to do this for others therefore the best gift would be referrals and a testimonial if one was not given as yet. ... more
0 votes 14 answers Share Flag
Sun Oct 19, 2014
Murphy Team answered:
I see many answers n this one. Suffice to say that all Realtors are as different as all people are different. Look for a Realtor who has sold many homes in your market and several years of experience. Ask friends, consult family, look at reviews and recommendations on Trulia, Zillow and REaltor.com. ... more
1 vote 21 answers Share Flag
Thu Oct 9, 2014
Cindy Davis answered:
Hi Linda,

I am going to assume you are new to this forum. It is a place where agents answer consumer questions.

Self-promotion is frowned upon here. The type of information would be great in your blog.

Take care.
... more
1 vote 1 answer Share Flag
Mon Sep 29, 2014
Damien Grant answered:
Thu Sep 25, 2014
David Bramante answered:
By listing a property on the market or online, then you are effectively marketing the property as a listing. An off market deal would be a property you don't have a listing agreement on and a pocket listing is a property you have a listing on but haven't shared with any brokers yet. Some of the larger commercial firms get listings and then don't share them with the general public, rather they keep them as secret as possible and try to find the buyer... keeping it a pocket listing and double ending the transaction. ... more
1 vote 9 answers Share Flag
Wed Aug 13, 2014
Anna M Brocco answered:
You really should be discussing with your agent and or, attorney and not rely on online information; much really depends on your contract...
1 vote 2 answers Share Flag
Mon Jul 14, 2014
Dorene Slavitz answered:
Just tell your agent you would like the information about your home to be kept confidential. There is going to be access to this information via public channels anyway (MLS and Title Records) but at least you can slow down the verbal gossip this way. ... more
0 votes 5 answers Share Flag
Thu Jul 3, 2014
Dorene Slavitz answered:
Mon Jun 30, 2014
Tristam Bielecki answered:
Hard to say without seeing the purchase agreement you have and knowing more about the required repairs. It is likely you could be held in breach of contract and face a lawsuit if you decide to pull out.

Also, this will cast a negative light on the property if you decide to put the house back on the market. Savvy or well-represented buyers will know the house formerly fell out of escrow.
... more
0 votes 4 answers Share Flag
Wed Jun 18, 2014
Dorene Slavitz answered:
Oh my goodness! Since "we" are not experts we do rely upon the opinions of those who are licensed in that trade. If you don't want to get a lawyer, you could bring in another roofing professional. I would check the union for a trained licensed roofer http://www.unionroofers.com and let the buyers choose one from the list.
Let them know what has happened on the roof so that they are aware. There is a huge difference between no damage, and a complete new roof!
... more
0 votes 2 answers Share Flag
Tue Jun 10, 2014
Dorene Slavitz answered:
Dear America,
This is something to discuss with your Broker. All fees should be known and anything out of the ordinary should be discussed.
1 vote 2 answers Share Flag
Wed Jun 4, 2014
Tristam Bielecki answered:
Based on what you are saying on the contingencies, they can't walk away if you refuse to pay for this. Their only "out" is if the sale of their home falls through but if that is in escrow already its probably not something they can do without penalty to their buyers.

If they continue to threaten to walk away, you should get some legal advice but it sounds like you may find them in breach of contract if they do walk.
... more
0 votes 4 answers Share Flag
Mon Jun 2, 2014
Von Bonilla answered:
How is your situation now?
0 votes 12 answers Share Flag
Thu May 22, 2014
Richard Adamski answered:
This is legal advise. Best contact your attorney and ask you Realtor what he/she would do or a story they might have!

Good luck!
0 votes 9 answers Share Flag
Tue May 20, 2014
Tristam Bielecki answered:
The standard Purchase Agreement used in CA requires "active removal", meaning that the contingency remains in place after the time period (normally 17 days) until it is cleared in writing. Once the 17th day is reached and the contingency is not cleared, you can have your agent draw up and serve a "notice to perform" and get the buyer to resolve ASAP. ... more
0 votes 22 answers Share Flag
Fri May 9, 2014
Nick Khachian answered:
Hello Brickmanchrist1,

It usually depends on your escrow as well your mortgage company. I would say its 1-2% of the purchase price.

thank you
Nick
0 votes 9 answers Share Flag
Mon Apr 7, 2014
Brad Korb answered:
It looks like it went on the market 2/13/2014 & then taken off the market after 45 days .Good Luck !
0 votes 9 answers Share Flag
Sat Mar 22, 2014
Jennifer Fivelsdal answered:
The highest offer is not always the best. There are many factors to consider such as financing, cash, down payment, time frame to close.
0 votes 32 answers Share Flag
Thu Mar 20, 2014
Kathleen Becker answered:
I would generally say no too...they can try...but a covenant may be reversed by the local municipality if one is filed as a covenant running with the land is not deemed legal. It would be questionable if this would be legal or not.

The property tax is based upon the sale price of the home. In Los Angeles County it is generally 1.25% of the sales price. There are other circumstances which is may be less or more.

Good luck!
Kat
... more
0 votes 2 answers Share Flag
Wed Mar 19, 2014
Robert Krop answered:
If both sellers agreed to "X" commission, and one buys the other out, I would argue that you are due the entire commission. As for who pays, the Sellers can work out how that is done. My guess is the purchasing seller should build in half the commission into the price. But that is between the sellers. ... more
0 votes 16 answers Share Flag
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