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Home Selling in Los Angeles : Real Estate Advice

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  • Local Info289
  • Home Buying1K
  • Home Selling216
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Activity 312
Sat Dec 21, 2013
Brad Korb answered:
It all depends on what the contract states,unless it is voided out all California of Realtor's forms have a standard final walk-thru in the paperwork ,good luck !
0 votes 15 answers Share Flag
Sat Dec 21, 2013
Brad Korb answered:
Talk to your real estate agent ,hopefully he can talk to the other agent & work out any challenges without the use of a lawyer ,good luck !
0 votes 12 answers Share Flag
Thu Nov 7, 2013
Yanni Raz answered:
Wed Oct 2, 2013
Jason Galardi answered:
Hubert,

You need to go with a Realtor who has actually seen your house. To quote you off a price range isn't fair to you or the agent. With almost no description of your property (except the address,) how can someone give you a number that you can rely on?

To get the most $$$ for your home, you need to invite three Realtors to "comp out" your property. We need to see all of the fantastic upgrades that you have done and what makes your home special. After that and a brief conversation, you and I can come up with a price that is fair to you and get's you the most money realistically.

Always remember though, Realtors don't set the price, the market does. Here is my contact info so we can schedule a meeting:

Jason P. Galardi
Multi Million Dollar Listing Agent
Keller Williams Beverly Hills
C 310-980-1256
E jgalardi@mmdla.com
BRE# 01322753
... more
0 votes 12 answers Share Flag
Tue Sep 24, 2013
Gail Mercedes Cole answered:
Hi Syahiran,
Check active listings for units. If property is 1-4 units can get residential lending. Anything 5 or more units lender considers commercial and the interest rates will be higher. Consider id area does or does not have rent control. If rent control area know the annual percentage allowable increase. With units always consider the monthly income (rents) generated from property. Any questions please contact me.

Gail Mercedes Cole
EXP Marina del Rey
310.853.9933
... more
0 votes 6 answers Share Flag
Sun Sep 1, 2013
Reuben Dunn answered:
A bit late in the day for the answer....

A short sale will not postpone any pending foreclosure action, unless an offer has been made to the lender, and has been accepted.

Insofar as verification of income is concerned, most lenders would require a full 30 days worth of pay slips in order to process the short sale paperwork, or a modification of the loan for that matter. ... more
0 votes 8 answers Share Flag
Mon Aug 5, 2013
Brad Korb answered:
You need to give the buyer a notice to perform,after that you can cancel or ask for a per diam ! Good luck !
0 votes 9 answers Share Flag
Mon Jul 29, 2013
Shirley Smith answered:
a real estate attorney is the only way to go. There are very few situations where rent to own works. Both renter and seller are usually overwhelmed by the details of the process.
0 votes 10 answers Share Flag
Mon Jul 29, 2013
Shirley Smith answered:
In this market a property can go from active to pending after 1, 2 or 3 days on the market. The renter should contact the listing agent immediately to have an opportunity to make an offer. Time is of the essence. The renter needs to be pre approved. ... more
0 votes 10 answers Share Flag
Tue Jul 16, 2013
carlos parrague answered:
Read your contract.
Are you working with an Agent? If they don't know, have them ask their Broker
In short the answer is yes and no. With consequences and provisos.
0 votes 4 answers Share Flag
Sun Jun 30, 2013
allan erps,ABR,SFR answered:
Thu Jun 27, 2013
Dorene Slavitz answered:
Normally you can set up a "lease-back" situation with the buyer's and you will actually lease the home for a few weeks. I agree with Murial, short term rental or extended stay Hotel is your only real option unless you made arrangements with the buyers. ... more
0 votes 9 answers Share Flag
Sat Jun 22, 2013
Gail Mercedes Cole answered:
I think you are referring to Capital Gains. There are different rates for individual and couples. Need to know the net profit from sale to determine if there is or is not any capital gains. Check with your tax accountant.

Gail Mercedes Cole
EXP Realty
310.853.9933
... more
0 votes 17 answers Share Flag
Sat Jun 22, 2013
Gail Mercedes Cole answered:
You are the client and I is not what the Realtor wants but what you the buyer wants. Realtor should supply all similar sold homes in area within last 6 months. These comparables should be within 0.50 miles from home but no more that 1 mile from subject. Hopefully, there will be a range of homes(fixers, original condition, updated). Make a realistic decision based on stats not emotion or hear-say.

Gail Mercedes Cole
EXP Realty
310.853.9933
... more
0 votes 13 answers Share Flag
Sun Jun 16, 2013
Dorene Slavitz answered:
Dear Nelie,
It's a point of negotiations between the Seller and Buyer. Each market is different, which is another reason why a good Buyer Agent is so important in a transaction.
0 votes 22 answers Share Flag
Tue Jun 11, 2013
Gail Mercedes Cole answered:
I do not know where property is location in L.A. but features enhance value of property. Location is not everything but superior location automatically increase home values. I would contact a local professional Realtor. Have Realtor supply a minimum of 3 recent sales and 3 listing with similar features within .50 mile if urban area or 1 mile if suburban area. Analysis the sales prices on recent sales and listing. Put most weight on the sales. Consider the condition of your property. Is it in original condition or updated. List home with maximum advertisement. Do not overprice home. List and buyers will come.

Gail Mercedes Cole
EXP Realty
310.853.9933
... more
0 votes 18 answers Share Flag
Sat Jun 8, 2013
Joshua Sixx answered:
It's quite common that the seller will reserve the right to choose the services, which usually are recommended by the listing agent, which is no bad thing. If the agent has companies he usually works with , they are most likely to pick up the phone to him as early as possible to make him aware if their is any issues on the horizon etc, which can only lead to you the seller getting the best bang for their buck. So no, that's not abnormal.

In regards to the buyer walking away because of this, that is rather strange, and almost certainly they would have walked no matter what you would have done. They probably had multiple offers in as it is a sellers market so some buyers are staring to panic and put offers in on anything they can.

I'm sure you will have another buyer soon enough, and hopefully at a better price than you agreed the first time.

Best of Luck.

Josh
www.joshsixxrealestate.com
... more
0 votes 16 answers Share Flag
Sat Jun 8, 2013
Joshua Sixx answered:
I would try and get in contact with the agents manager/broker in order to get them up to speed on where you are, the problems you are finding and in order to get better lines of communication open.
However if escrow is not due to close for 5 days, you cannot demand performance in 3 days. You have to wait on the agreed date.
You could ask your agent to merely inquire if this is a possibility, but It's not just one party that will have to agree, there are lenders, the escrow company etc, and the all have to be able to switch everything and close two days sooner. may not even be a possibility if the buyers have financing arranged. All depends on your specific circumstances.

Best advice is to get onto the office manager of the agent to get better communication going if your agent is being lackluster and unresponsive.

Wish you luck going forward.

Josh
www.joshsixxrealestate.com
... more
0 votes 9 answers Share Flag
Fri Jun 7, 2013
Eddie W. de Leon answered:
I would love to know how it went with the unlicensed agent and his broker. Please do share.

Respectfully,

Eddie W. de Leon
Senior Loan Officer
NMLS #238369
DRE Broker #01393751
www.linkedin.com/ln.eddiedeleon
www.facebook.com/LoansByEddie
... more
0 votes 26 answers Share Flag
Fri Jun 7, 2013
Dorene Slavitz answered:
Yes of course you can be there if you wish, it's still your property and you are still the owner until escrow closes.
0 votes 20 answers Share Flag
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