Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Studio City : Real Estate Advice

  • All21
  • Local Info0
  • Home Buying7
  • Home Selling0
  • Market Conditions4

Activity 12
Thu Feb 2, 2017
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
Mon Jun 13, 2016
Dorene Slavitz answered:
Hi Jennifer,
Congratulations on getting your license. What you have to do now, is begin to interview Brokers at the Top Agencies in your area. Look from a Company that has real training for you and you will also need mentor ship for the first year at least. You should have some opportunities to work the Open Houses in your company so that you can have some practical experience working with buyers. Not all companies provide good quality training, so make sure you will get this wherever you decide to join. ... more
0 votes 1 answer Share Flag
Thu Apr 7, 2016
Dorene Slavitz answered:
I recommend you take a look at Westchester or Culver City. Both areas are very close to LAX (Westchester being the closer community). If you are thinking about a condo, Playa Vista is very nice as well and offers many recreational and community activities. ... more
0 votes 1 answer Share Flag
Thu Feb 18, 2016
Desiree Lapin answered:
The real estate market in Los Angeles county is currently strong. Home values are on the rise and there are many people out there looking to buy. Sotheby's International Realty provides an excellent market update for the greater Los Angeles area. A link to this market update is provided on my blog, here - http://www.desireelapin.com/la-market-update-3-months-ending-january-2016/. The market update provides information such as average list price, average sold price, average sold price per square foot, and other information on your community, along with other neighborhoods in Los Angeles. ... more
0 votes 16 answers Share Flag
Thu May 7, 2015
Rich answered:
Yes it's an excellent time to buy

Contact Us!

IZM Credit Services
800 N Rainbow Blvd
Las vegas, NV 89107
(702) 758 - 3799

IzmCreditServices.net
0 votes 37 answers Share Flag
Fri Mar 6, 2015
Maggie Oreck answered:
Depends on the area where you want to live and your skills. Remember this is the land of opportunities


Best of luck,

Maggie Oreck
818.906.8388
CalBRE Lic#01352758
RE/MAX Showcase
info@maggieoreck.com
www.maggieoreck.realtor
... more
0 votes 4 answers Share Flag
Fri Mar 6, 2015
Maggie Oreck answered:
Operating costs + reserves are the main components then if the complex is in need of special repairs the HOA dues could be increased if the reserves are not enough to cover the extra expenses.

Let me know if you have any other question and I would be happy to help you

Best of luck,


Maggie Oreck
818.906.8388
Cal BRE Lic# 01352758
RE/MAX Showcase
info@maggieoreck.com
www.maggieoreck.realtor
... more
0 votes 10 answers Share Flag
Sat Nov 29, 2014
Brad Korb answered:
Hi Peter,

If the property is a foreclosure you can always ask the bank who is helping them with that asset or you could ask a real estate agent to help you,good luck !
0 votes 2 answers Share Flag
Sat Nov 29, 2014
Brad Korb answered:
The link that you posted is not showing up now ,good luck !
0 votes 3 answers Share Flag
Tue Feb 4, 2014
aafari asked:
This question was asked from http://www.trulia.com/property/3105591658-Single-Family-Home-Sherman-Oaks-CA-91403?ecampaign=con_day_propertysearchforsale_bk&eurl=www.trulia.com%2Fproperty…
0 votes 0 Answers Share Flag
Tue May 28, 2013
carlos parrague answered:
Why don't you go there and find out. It is posted in the lobby
0 votes 1 answer Share Flag
Search Advice
Search

Followers

904