What are the market conditions like in Lake Balboa area (aka West Van Nuys)?

Asked by Q, Los Angeles, CA Fri Jan 16, 2009

Just wondering if this area is still declining....

Am considering putting an offer of $250k on a property that is listed at $260k and has been on the market for over 150 days, would that be considered a low ball offer? The property is substantially smaller than the properties around it.

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Young-Jin Ya…, , Van Nuys, CA
Sun Aug 15, 2010
It depends on the financing you are using. Are you FHA or conventional 20% down? It really depends if any others have put in offers in on the home. I would be happy to contact the agent for you and figure out the exact situation. It doesn't seem to low ball. Good luck on your purchase!
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Marion Goodm…, Agent, Studio City, CA
Thu Aug 5, 2010
I think that is a good offer, hope you have a pre-approval from a lender, since that will make your offer solid.
Marion Goodman
Keller Williams Realty
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