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Property Q&A in Westlake Village : Real Estate Advice

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  • Local Info7
  • Home Buying11
  • Home Selling1
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Activity 16
Mon Mar 17, 2014
Amit Grover asked:
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This question was asked from this property: http://www.trulia.com/rental/3059029817--Lindero-Canyon-Rd-Westlake-Village-CA-91361#photo-1
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Tue Sep 24, 2013
Talia Miravet answered:
Hi Helen,

Based on the MLS, 1815 Upper Ranch Road has not been on the market since 03/21/08. If you would like I can set you up directly on the MLS to receive listings in Lake Sherwood when they hit the market.

Thank you,
~Talia
Talia Miravet
The Dave Walter Team
Keller Williams Westlake Village
818-259-3304
... more
0 votes 7 answers Share Flag
Mon Feb 11, 2013
Bonnie Sterling answered:
This one wasnt actually on the market but there was a great home recently on Timberridge, in the Three Springs Community by the lake. Distressed property comes in all shapes and sizes. As the local RealtyTrac representative, I have had the benefit of meeting people who are looking for foreclosures and helping them really understand what a VALUE is for them. There is a difference between a deal and a value. I want people who are buying anything, their families home or a real estate investment to consider a lot of factors and buy a home that represents a value for them.

If you are looking to buy a home, a distressed foreclosured property, could be the right purchase for you. There are very few available but they come in all shapes and sizes. It's important to remember that even if a home is foreclosed or other distressed, it will sell for what buyers will pay for it, not as low as some of the prices that auctions open at.

If I can help you find a great property, please contact me so we can start to talk about what a value purchase looks like for you.
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0 votes 5 answers Share Flag
Thu Jan 31, 2013
Heidi Golff answered:
It would be a blessing if Trulia would stop allowing Realty Trac and any other default announcement service stop putting properties on this site. It's a nuisance.
0 votes 5 answers Share Flag
Fri Jan 18, 2013
John Juarez answered:
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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0 votes 3 answers Share Flag
Thu Dec 27, 2012
Katy Ho answered:
Hi!Sir/Madam,
Good morning! How are you? That house is sold already. There is one available on the market for $375,000. now. The tract is call"Watergate". It is right across from the shopping areas,in the corner of Agoura Rd.and the Westlake Blvd. There is bus line on Agoura Rd. It is very convenience . What is your situation? Have a wonderful day! Best wishes to you! Happy Holidays!
Sincerely yours,
Katy Ho,Realtor,E-Pro,SRES
Senior Real Estate Sepecialist
(818)-929-5109
... more
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Mon Mar 1, 2010
Bonnie Sterling answered:
Hi Cris, just to add to what some of the other agents said, as the local RealtyTrac representative, I strongly recommend to the people that contact me about foreclosures that you do all of the things well outlined below but also, look at everything in your criteria. Dont limit yourself to only bank owned property. About 75% of my buyers purchase a foreclosure or preforeclosure but that other 25% created value with a "regular" seller. Also, while we all hear about bargains, I really stress for people to look for a value because most are not just buying an investment, they are buying a home. Please contact me through my Trulia profile if I can help you with your home search, I have a lot of experience with foreclosures, if that turns out the be the "status" of the property that is the right fit for you. ... more
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Sat Jan 23, 2010
Cindy Aleman answered:
1/23/10

Hi Sue,
Thank you for your inquiry on 3907 Trowbridge Ct. in Westlake Village, California.
The seller needs to sell his home in order to buy his next place so he's not interested in renting.

I would be happy to send you listings that are available for rent. I have lived in this community for over 30 years and I am very familiar what this area has to offer and dedicated to finding the right home for you.

I would love to assist you in your rental search, please let me know what your preferred location, price, # of bedrooms/baths, square footage, home vs. condo/townhouse, etc.

I appreciate the opportunity to assist you in your real estate search. I work hard so you don't have too!

Thank you,
Cindy Aleman
"Your Home Consultant"
Keller Williams Realty
(805)857-0291
Lic # 00964982
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Sat Jan 23, 2010
Ted Mackel answered:
Sue,

The issue to consider on a lease option in this market is that a home seller who is not willing to sell today is usually holding the property to sell when the market starts to recover or moves up to the price they are willing to sell at. Locking down a property at today's values would not be a huge incentive for most sellers who don't need to sell to move that next property.

This is not to say that a lease option is impossible, it's more a look at the negotiating issues that may come up trying to put together a Lease option.

The last seller I worked with that was willing to do a lease option wanted an option price much higher than the current market values.
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Thu Jan 14, 2010
Bonnie Sterling answered:
Hi Mic, Barry and Ted are great guys. If you decide to go the route of representation, they both seem to have great resources for you. I dont handle tenants or property management but I have a rental property myself and have for more than 10 years. I cant speak highly enough about getting yourself a copy of the Californias Landlord Law Book by Nolo Press. Even if you use a Realtor it is a very valuable resource. In the end, property manager or not, you are the responsible party and this is an excellent resouce to answer your questios and know the rights and responsibilities of both parties in a lease. It is updated regularly, covers very specific information and includes forms. Good luck and add my contact info to your resouces or my web site to your favorites so that you can find me if you have any more questions. I would be happy to be your resource. ... more
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Tue Dec 1, 2009
Ted Mackel answered:
L,

The properties put on Trulia via Realty Trac are typlically in a pre foreclosure state. Realty Trac is not a licensed broker nor do they belong to the MLS so their posting on Trulia are not "Listings"

In this case it may be 2830 Shoreview Cir which is in escrow and listed by REMAX. It was on the market for 13 days but probably because of the typical 5 day mandatory market time required by most REO sellers and the Thanksgiving day holiday it took 13 days to get this property signed off. Listed at $344,900.

http://homebuysblog.com/2008/10/22/12-tips-to-make-your-reo-offer-more-attractive/
http://homebuysblog.com/2009/03/12/top-3-reo-forclosure-purchasing-pitfalls-simi-valley-real-estate/
http://homebuysblog.com/2009/03/23/foreclosure-pitfalls-buying-buying-bank-owned-property-part-ii/
... more
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Mon Aug 17, 2009
Marylyn Shubin asked:
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This question is about this property: http://www.trulia.com/foreclosure/map/2004675714--Sherwood-Dr-Westlake-Village-CA-91361
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Sun May 31, 2009
Ted Mackel answered:
G Fine,

I am not sure if the owner would appreciate local real estate agents posting their personal info on a public message board. You can head over to the county recorder on Monday up off Victoria street in Ventura and get the public record information. ... more
0 votes 2 answers Share Flag
Sun May 10, 2009
Bonnie Sterling answered:
Hi Susan,

I did not research Barrys answer below but assuming he did, and he is usually pretty good about that I would add the following.

Purchasing at auction is a tough business. It is really important to make sure that you are receiving a clear title or that you know about title issues and take them into consideration in your offer price. The auction house will often hold the home open, so, check that company's web site or contact them for more informaiton. Some auctions allow you to bring your own financing and close in 30 days. You will usually pay a buyers premium so, keep that in mind and I would recommend that you set your price in advance of attending and not go over. The auction environment can be very energetic and people sometimes overpay.

I am curious why you didnt know that the home was for sale before it was removed from the MLS. Are you working with an agent? If not, you may want to start. If you had been working with an agent and this home met the criteria that you and your agent set, you would have received an MLS Alert immediately when it was available. Then, if you had seen and made a reasonable offer on the property, you might have been able to grab it up before it went to auction.

The banks usually only take properties to post foreclosure auctions when they are unable to generate what they deem a fair offer OR when the property has a repair issue/liability that the terms of selling through the auction may mitigate for them.

If you would like to be set up for MLS Alerts, please contact me. There is no charge for the service and I promise not to be a pest. I'll just be around to help when you have questions and are ready for more assistance.
... more
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Tue Dec 16, 2008
Barry Shapiro answered:
Hi Michelle,

The Short Sale Listing you inquired about is still "active" on the MLS. I specialize in working with Short Sale buyers, to bring clarity and certain advantages exclusive to my creative approach. I will be happy to explain my process if you still are concerned about the future of home values in the area. I have attached another Market Snapshot for your due diligence and edification:

Happy Holidays!!
... more
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Wed Nov 19, 2008
Debbie Blumenthal answered:
Hi Michelle,
This is a great opportunity for first time homebuyers. Banks are willing to negotiate, and you still can do all of your inspections to make sure this is a good property for you. There is a difference between Bank Owned and a Short Sale. Call me and I'll explain, but essentially, if it's Bank Owned - get with an agent (I'm happy to help you), look at the comps, and write an offer. You could be on your way to a terrific investment! ... more
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