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Market Conditions in Los Angeles : Real Estate Advice

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Activity 231
Thu Feb 2, 2017
Sheryl Arndt answered:
Theses links should have the answers to any questions you may have on schools:
http://www.greatschools.org/
http://Www.schoolfinder.ca.gov
http://Www.education.com
http://Www.schooldistrictfinder.com
http://Www.schooldigger.com
http://www.sarconline.org/

These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

The rentals in Studio City start from $1,550 for 1bd 1ba apt, $1,950 for 2bd 2ba condo, $2,995 for 3bd 2ba condo and the single family homes start from $3,800 for 2bd 2ba home.

The purchase in Studio City start from 339k for 1bd 1ba condo, 375k for 2bd 2ba condo, 459k for 3bd 2.5ba townhome and the single family homes start from 635k for 2bd 1.5ba 1,498sf home.

If you decide you want to buy you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

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.

If you are buying a primary residence 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 424k.

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 424k. 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 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k 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.

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 5 answers Share Flag
Thu Feb 2, 2017
Sheryl Arndt answered:
Hello Jovani, your right no one can predict. The purchase in North Hills are currently 195k for 1bd 1ba 642sf condo, 198k for 2bd 1.5ba 935sf townhome and 315k for 3bd 3ba 1,276sf townhome.

The rentals in North Hills start from $1,250 for 1bd 1ba 650sf apt. A CMA, comparative market analysis, can be provided to determine your current market value to make a decision.

You could then purchase using your VA again. I am a Veteran and love assisting Veterans. My office is in Woodland Hills. Let me know if you have any questions.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Mon Jan 30, 2017
Rich Reed answered:
http://www.bankrate.com/finance/real-estate/home-values.aspx $240,900
http://www.bankrate.com/finance/real-estate/california-home-values.aspx $349,200
0 votes 1 answer Share Flag
Mon Aug 22, 2016
Guerraleonardo82 answered:
The broker commission on commercial sales ,[n Florida USA
0 votes 19 answers Share Flag
Tue Jun 28, 2016
Dorene Slavitz answered:
Simple answer is...it depends. It depends upon the commercial lease listing contract you have with the Landlord of the building. There are standard Airea forms, and then there are custom lease forms drawn up by a lawyer.The additional lease period, if agreed to could be subject to additional commission, however, it is normally at a lower rate then the first signed lease. ... more
0 votes 1 answer Share Flag
Thu Jun 16, 2016
Ebonimall answered:
Let me help you.

First, determine what you can afford, income - expenses - debts - taxes = x

Based off of the first number you will have to determine how much income to allocate to a mortgage/loan/additional debt.

Based off of that number take into consideration you will need land to build on and that is not free, mortgage - cost of land = funds for building materials.

Ideally you will look for the least expensive parasol of land but you have to determine what community to choose. Remember the cheaper your land is the less desirable your community will be so try and look at different states to give you a better idea of where you should live your life style.

Now $135 per sq is over what i will spend simply because i can source the labor and materials myself thus lowering my cost drastically.

For most people who do not want to spend the time and day looking for that on their own and manage the building personally they will pay $135 by doing some due diligence and working with the right builders who are bonded and are set up to handle the potential liabilities that can occur.

Web Reference: http://USAConstructionLoans.com
... more
3 votes 11 answers Share Flag
Thu Feb 18, 2016
Retailjoineryaustralasia answered:
Sir,Commercial Construction depend upon Construction Companies.It has Diverse Construction fields.
Our Company have focus on the Joinery Products and Services.Visit more Details @ http://retailjoinery.com.au/ ... more
0 votes 6 answers Share Flag
Sat Dec 12, 2015
Rich Reed answered:
Currently the rolling three month average days on market for Woodland Hills area is 57 days.
You can view a chart here: http://crmls.stats.10kresearch.com/infoserv/s-v1/mBEx-DqI

The link is "Live - Always updated with latest data." Save the link, use it whenever you want an update. ... more
0 votes 3 answers Share Flag
Sat Dec 12, 2015
Rich Reed answered:
I like this building cost estimator: http://www.building-cost.net/CornersType.asp

Divide the total cost by the sq ft.
0 votes 3 answers Share Flag
Fri Dec 11, 2015
Rich Reed answered:
The average 3 month rolling average days on market for a house in Bel Air - Holmby Hills is currently 69. You can see the chart here http://crmls.stats.10kresearch.com/infoserv/s-v1/mB2K-47l ... more
0 votes 8 answers Share Flag
Thu Nov 26, 2015
Daniel Castiel answered:
I would be happy to work you. Please feel free to contact me anytime at (310) 584-7721
if you have questions.


Daniel Castiel
GoldStar Realty
(310) 584-7721
Dcgoldstarrealty@gmail.com
BRE #01023338
http://www.DanielCastiel.com
... more
0 votes 2 answers Share Flag
Thu Nov 26, 2015
Daniel Castiel answered:
Hi Aiman,

To be answer that question you should be doing your own research,
but yes, real estate investment is sound, as com pared to having your money in the bank.

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


Daniel Castiel
GoldStar Realty
(310) 584-7721
Dcgoldstarrealty@gmail.com
BRE #01023338
http://www.DanielCastiel.com
... more
0 votes 5 answers Share Flag
Thu Nov 26, 2015
Daniel Castiel answered:
Hi Josh,

Its a tiny piece of land that probably has no access to it and might be too small to develop,might be good for an adjoining neighbor.

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


Daniel Castiel
GoldStar Realty
(310) 584-7721
Dcgoldstarrealty@gmail.com
BRE #01023338
http://www.DanielCastiel.com
... more
0 votes 3 answers Share Flag
Tue Nov 10, 2015
Daniel Castiel answered:
Hi J.

Venice has more transients, but still an acceptable beach to visit, a lot fun things to do there,

Santa Monica a bit more upscale, and Malibu is a Surfer's Beach. Very nice surrounding area and amenities.

Daniel Castiel
GoldStar Realty
(310) 584-7721
Dcgoldstarrealty@gmail.com
BRE #01023338
www.DanielCastiel.com
... more
0 votes 2 answers Share Flag
Tue Nov 10, 2015
Daniel Castiel answered:
I would be happy to assist you, a few lots are now on the market.

Please feel free to contact me directly at (310) 584-7721 if you have questions.

Daniel Castiel
GoldStar Realty
(310) 584-7721
Dcgoldstarrealty@gmail.com
www.DanielCastiel.com
BRE #01023338
... more
0 votes 4 answers Share Flag
Sat Aug 29, 2015
Dorene Slavitz answered:
To my knowledge there is no such tool that is available. It would be difficult to operate and maintain since HOA fees can change at any time, depending upon what work might need to be done in any given development.
The "average" HOA in the West Los Angeles area is over 300.00 per month. For higher end developments with many amenities, it's not unusual to see twice that amount or even more, it just depends upon what the development is offering the home owners. The more amenities that must be maintained, the higher the HOA fees are going to be.
I recommend you connect with a great local Realtor who can guide you. Los Angeles is a very unique area, so you need someone very familiar with the city.
... more
0 votes 2 answers Share Flag
Wed Jul 1, 2015
Josh Barnett answered:
Need more information, seek the consultation of a local commercial Brokerage.
0 votes 3 answers Share Flag
Thu Jun 25, 2015
Info answered:
The property at 9343 Balcom Ave, Northridge, CA 91325 for sale is ZERO minute or mile to CSUN.
0 votes 3 answers Share Flag
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