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Home Buying in West Hollywood : Real Estate Advice

  • All125
  • Local Info9
  • Home Buying20
  • Home Selling3
  • Market Conditions2

Activity 20
Wed Apr 5, 2017
Arpad Racz answered:
Hi Jason,

If there were inspections done, sometimes there may be mention of a sump pump, soil moisture, water marks on the foundation, and some other items worth researching. The owner may also be able to share information on this if they are aware of the details.

Kind regards,

Arpad
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0 votes 1 answer Share Flag
Tue Jul 12, 2016
Sarah Nixon answered:
Everyone who told you yes was absolutely wrong. No. No, 130k/yr is not enough for a 700k house. Not unless you have a 400k down payment ready.
1 vote 15 answers Share Flag
Tue May 17, 2016
Cline567 asked:
Tue Dec 16, 2014
Jamie Tian answered:
Hi Dr. Mallik,

I would be happy to assist you in finding a 2-3 bedroom condo or house in the West Hollywood area. My office is located in West Hollywood and I am very familiar with the neighborhood.

Please contact me directly either via email at JamieTian@RodeoRE.com or via phone/text at (310) 717-1321 and we can discuss more about what you are looking for and get your home search started!

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
www.JamieTian.com
BRE #01920120
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0 votes 2 answers Share Flag
Wed Aug 13, 2014
Julie Kryukova Meggat answered:
Hanna,

I can absolutely help you find a great deal, but please be aware that short sales and foreclosures are slim to none in this market. This doesn't mean you can't find a great property with upside potential, but it just means you have to be open to all possibilities. I have certainly seen many properties for sale recently that have great upside potential. Please feel free to contact me any time.

Best,

Julie Kryukova

My contact:
(310)402-8181
jkryukova@gmail.com
juliekproperties.com
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0 votes 3 answers Share Flag
Sat Jun 21, 2014
Stephanie Tourtellotte answered:
Hi, Can you clarify what property you are looking at?
0 votes 1 answer Share Flag
Sat May 31, 2014
Nitish kannan answered:
Hi, I recommend you call me Nitish Kannan 321-482-7393

I work primarily with investors and flippers doing this type of thing. There are lots of rules, and regulations for construction including permitting. It's important to understand all aspects of the real estate industry and also instead of blindly remodeling to flip, improving critical parts of the home that adds maximum value. refinishing floors, new kitchens, and walk in showers and upgraded bathrooms are a must.


We work with good contractors as well. Please feel free to ask me any questions or to purchase property. I have many off market investment homes that have huge upside to flip.

Thanks

Nitish Kannan
www.nitishkannan.com
Keller Williams Realty Beverly Hills
Direct Cell- 3214827393
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0 votes 3 answers Share Flag
Fri Apr 25, 2014
Von Bonilla answered:
Hi Jeanne,

There are several lenders that may be able to help you. Feel free to contact me.

Thank you,
Von
0 votes 5 answers Share Flag
Mon Apr 21, 2014
Daniel Penner answered:
Using sales comps is a very effective method to come up with a good offer for a unit you may want to purchase. Knowing the market geographically, as well as statistically in terms of trends and timing also help this process. If you would like, I can help you find what you are looking for and work with you to make sure you are getting a good value and everything is done correctly. Please email me at daniel@310living.com and I'd be happy to help! ... more
0 votes 1 answer Share Flag
Mon Mar 31, 2014
Shel-lee Davis answered:
Danielle:

The pre-foreclosure information you see on Trulia comes from information gathered from pubic records by RealtyTrac. This information is misleading at best and outright wrong at worst.

Most of the properties are NOT actually available for purchase. The "list price" is usually the amount the owner is in default (missed payments plus fees) on their debt to the bank. Sometimes the "list price" is the amount of a loan that has become due. Usually these are junior liens. So if you "bought" the property on the courthouse steps for this amount, you would probably be taking it subject to all senior liens.

The best way to get more information on pre-foreclosure properties is to work with a Realtor who can identify which ones are currently on the market and/or help you contact the owners directly to see if they are ready to sell. You will need to move quickly. Either have cash (especially if the property is about to go to the Trustee's Auction) or financing in place. And make sure you are working with someone who KNOWS the process.

Hope this is helpful.

Shel-lee Davis BRE #01817412
Real Estate Consultant
International Real Estate Specialist - IRES®
Senior Real Estate Specialist - SRES®
Certified Home Seller Advisor - CHSA®
Certified Home Buyer Advisor - CHBA®
Member - National Association of Certified Expert Advisors - NAEA®
Certified Distressed Property Expert - CDPE®
RE/MAX Estate Properties
424-2HELP12 (424-243-5712)
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0 votes 2 answers Share Flag
Thu Dec 27, 2012
antonio.llenado answered:
John, you need to find out if there is even a way to save a house that still matters to you before you resort to selling it. You may need advice on ALL your options not just from people who want to sell it from under your. You need to hear about loan modifications and bankruptcies that can restructure you finances and save what you might want to save. Our team of two short sale and foreclosure-prevention specialists have personally closed hundreds of shortsales between the two of us even before people knew what shortsales were. we know most major banks' quirks and policies and exploit the weaknesses in their systems to benefit the client because our sales are handled not by assistant processors, but we DONT EVER take on the listing until we first offer the client a comprehensive FREE consultation with our IN-house BK/foreclosure legal Partner/CEO who used to be a litigator FOR the banks at Sheppard Mullin . ( look them up). Also our head listing agent ( Alex) is so well versed in BK she's practically an unlicensed legal practicing as a strategic realtor. The legal advice from the in-house atty... is a free service that we give to all our potential shortsale clients because we think that short selling a home to avoid foreclosure is the last irreversible resort... and if we can find a way to save the client's home rather than sell it, then karma comes through business either through referral or on the legal end anyway . That's the strength of our practice -- the attorney's office is Literally married to the Real Estate office in more ways than one. This offering of a two-discipline consultation is the holistic path we tread everyday to really do what's right for the client. As a short sale specialist, i tell you, DO NOT short sell unless you are truly and fully detached from a toxic property. not when property values are rising 6- 10% annually as we speak.... and especially not when you can restructure the debt or force the banks on their knees to deal with you in the right BK filing ( 7, 11, or 13) or if your personal circumstances are better suited to a loan modification ( which our team also offers).

Wouldnt you rather hear from people who are more than just realtors trying to get at their commission?

Antonio Llenado
The Alex Group (www.alexgroupla.com) & Jaurigue Law Group (www.jauriguelaw.com)
323-403-7593
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0 votes 3 answers Share Flag
Tue Aug 7, 2012
Julie Kryukova Meggat answered:
Hi Olga,

Please call me if you're interested...I work with many clients in the Russian community and speak fluently. For 1 bedroom you're looking at roughly $200,000 and up depending on updates, materials, building amenities and other options. 2 bedrooms can go into the millions in West Hollywood, so again you need to narrow down what you really need into a price range you're comfortable with. I would say $500,000 or so would buy you something pretty nice and spacious.

My information if you want to contact me:
(310)402-8181
Jkryukova@gmail.com
www.juliekproperties.com

All the best,

Julie Kryukova
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0 votes 12 answers Share Flag
Wed May 23, 2012
Endre Barath answered:
Daisy, I would absolutely advise you to get a Geology Report. If it is an issue of saving money and a quick answer call the Geologist who did the report in 1996 and have him give you an updated assessment.

Endre Barath,Jr.
homes@endrebarath.com
310.486.1002
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1 vote 8 answers Share Flag
Mon Sep 12, 2011
Ron Thomas answered:
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.

Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”

Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)

Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.

Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
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0 votes 9 answers Share Flag
Sun Jan 2, 2011
Endre Barath answered:
Hi Al, working with many foreign Nationals, I am confident 45-50% down payment is realistic. The question is what will your reserves be after your downpayment? Will you have funds to make the monthly payments, taxes, insurance and Home Owner Dues and for how long? If the answers are favorable there are lenders I can guide you to who could get you a loan. If you need a Realtor who specializes with International Buyers, feel free to reach out to me. ... more
0 votes 4 answers Share Flag
Thu Sep 23, 2010
David Chiles answered:
Thank you for your question about property values in West Hollywood. Please be advised that if you see a price that seems to good to be true that it is. To get a truly good deal it takes a lot of time and research. There are good deals to be found because of the high number REO's. ... more
0 votes 6 answers Share Flag
Wed Jul 7, 2010
Roger Perry answered:
Its quite easy, in fact...You get about 50% more for your money out here....approx US$1.50 = 1pound. And, there are lenders that work with international clients...I can assist in finding you the right property and put you in touch with the lenders that can set you up with the right financing.

Please feel free to email me: RPERRY@RogerPerry.com Or, Call me (310) 600 1553

Hope to hear from you.

Roger Perry
Realtor/Broker
Rodeo Realty, Beverly Hills
(310) 600 1553
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0 votes 6 answers Share Flag
Wed Jun 23, 2010
Collen and Ivan answered:
Hello Clueless Englander! Congratulations on the big step. 175K for land in Echo Park/ Silver lake may be very obtainable as for Los Feliz and in the Hills that might be a bit more difficult. You can find deals up in the hills but the problem is that affordable land is usually at an up sloping direction. To level out the piece of land would cost a fortune plus you can run into problems in the future. 150K a year in joint income is great and I'm sure that you can get a pre-approval but the credit issue might run you into some problems. Another issue due to the credit crunch being the way it has been for the past couple years, it might take a big longer to get one for a construction project. But if you’re looking for in the future like you mentioned underwriters will be more lenient by loosening the credit belt, but also keep in mind prices would have risen from then making a 175k land purchase a bit of a more challenging quest. If you need help with this venture fell free to send me a note. I'm also a certified public accountant (CPA) so we could figure out what we can do to make your purchase and project management more tax friendly to your wallet!

Collen & Ivan
Coldwell Banker Previews International
323.574.2317
Homes@CollenAndIvan.com
www.CollenAndIvan.com
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0 votes 4 answers Share Flag
Tue May 25, 2010
John Juarez answered:
Ronald and I agree that your homeowners’ association should carry insurance to cover the condo building. The cost of this coverage should be included in your monthly HOA dues. The type of risks that are covered can vary from association to association. You will need to get your own insurance in addition to the HOA coverage. Your personal liability as well as your personal assets will not be covered by the HOA insurance. You need to talk to an insurance agent about what kind of coverage is best for you. ... more
0 votes 3 answers Share Flag
Fri Aug 8, 2008
Dorene Slavitz answered:
Dear Ray,
Lots of people do lots of things, but that won't protect you from putting yourself at risk in building an illegal deck.
Unpermitted building and illegal building is poor building. I hate to think of the liability that would exist, should someone be injured on that deck.
Take my advice, and check with both the City and also with the Fire Department, and base your decision on what you discover there.
I would not entertain any thought about building until legal permits could be obtained, and the deck build by licensed contractors.
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