is this really the amount for this property if so i can have cash tommorrow only 30 K?

Asked by tbaumgartner66, Culver City, CA Mon Nov 28, 2011

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John Arendsen, Agent, Leucadia, CA
Tue Nov 29, 2011
I see a picture. Is it an empty lot or a home?
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Amanda Contr…, Agent, Los Angeles, CA
Tue Nov 29, 2011
Perhaps 20 years ago! If it sounds to good to be true it usually is and in this case it is. There are no condos currently for sale in Culver City for $30,000. Just to give you an idea of value I have a 1 bed 1 bath condo in Culver City right now at 5115 Raintree Circle I listed for $190,000 that I'm in escrow on right now.

If you're curious as to what's currently listed for sale in Culver City the most accurate and up to the minute information on listings can be found at The second best place is by calling me so I can help you.

Amanda Contreras
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Steven Ornel…, Agent, Fremont, CA
Tue Nov 29, 2011
tbaumgartner66: You have been "RealtyTrac'd" !!

RealtyTrac's primary objective:
Separate you and the Dollars in your wallet on a monthly basis for information any Realtor® can provide you for FREE.

RealtyTrac is not a "distressed property MLS", they are simply using Trulia to take public record notices and syndicate the information to the web. To the uninformed this looks like the home is being sold for cheap. Less than 30% of RealtyTrac listings are actually for sale:

With this property, as so many times is the case, the bank has taken back the asset and will most likely sell the property using a Realtor® with access to the local; and, as it turns out, the national MLS system (more on this below).

Distressed property is almost always sold via Realtor® MLS systems to provide the widest exposure possible. The remainder is sold directly to investors via "portfolio purchases" where multiple homes are sold at once, public auction on the County courthouse steps via a Trustee Sale, or via private auction companies.

If you are in fact serious about purchasing I would respectfully suggest work with a Realtor® to get set-up with a true MLS automated search. This will be much more useful than spending your time own trying to find “a deal” only to find out in the end that it’s not a true listing.

If you are still teetering between buying or are just into researching the market there is an alternative:

MLS Data Accuracy – Where to search if you’re “without Realtor®”…

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John Juarez, Agent, Fremont, CA
Mon Nov 28, 2011
What you have seen on Trulia is a notice of default or foreclosure posted by Realty Trac which is a reporting service. Realty Trac takes information from public records and provides it by subscription to its members who have registered and agreed to pay a fee for the information. What you see on Trulia is an abbreviated report from Realty Trac in order to entice you to sign up for their service.

It is unlikely that you will be able to buy this house for the price posted on Trulia. That is the amount of a default and has no relationship to the value of the property. The house may be offered for sale at a later date but it will most likely be listed with a Realtor and priced at a price that reflects the market price for the area.

If you are serious about buying a house, you need to align yourself with a full-time, experienced local Realtor who can help you to find the house that meets your needs. Your Realtor can help you to learn about the current market conditions, realistic house prices, loan qualifications, negotiating strategy, escrow management, inspections and everything else that goes into the purchase of a home.
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