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Home Buying in Winnetka : Real Estate Advice

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  • Home Buying8
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Activity 8
Sat Aug 10, 2013
Bea Artigliere answered:
You can call me at 818 264 6896. or email me at bartigliere@yahoo.com
0 votes 10 answers Share Flag
Tue Apr 23, 2013
Kawain Payne answered:
Please do not cry!

Is this a short sale? if so, the hold up can be with the sellers bank.

As for your realtor not answering the phone, that is just not acceptable. You should contact his/her broker.

Fact is, if this is a short sale your agent has very little influence in getting things moving. He/.she is at the mercy of the bank as is the seller's agent. That being said you should be kept up to date on the status of things.

Agents do not like to deliver bad news, and having to tell you they have no new news to report to them may seem like delivering bad news.

Try to hang in there, stay focused and strong. You may not hear anything for a while, and THEN all at once things can start to take off very fast.

I wish you the very best.

Kawain Payne, Realtor
... more
0 votes 3 answers Share Flag
Wed Apr 25, 2012
Simone Ranaraja answered:
If we have an address we can look it up.
0 votes 2 answers Share Flag
Thu Aug 19, 2010
Janey Bishop answered:
I agree. Get estimates and add that to the asking price. Would you purchase the house post repairs at that price? The advantage to doing or arranging the repairs yourself is you have a little more control over quality. It sounds like you might have other reservations about the house. If so this is the right time to examine them. ... more
0 votes 2 answers Share Flag
Wed Mar 17, 2010
Jeri Creson answered:
The scope of findings that you have described are very typical. Remember that when buying a resale home you're not getting a brand new home with new construction in a near perfect condition. In Reseda, chances are the home you're purchasing is 1940's-1960's...right?

In Los Angeles, and $1800 termite report sounds just about right - it's actually pretty rare to find a report with fewer findings. And it's also common for termite companies to exclude painting the areas they fix. This is because, if they attempted to match paint, they would be looking at liability and customer service issues and would have a never ending line of people not being pleased with a perfect result.

A few tiles are simple to patch if you can match them, and should not cost more that $100 or so. And either a handyman or a tile contractor can do the job. Most buyers of resale homes expect to do a handful of repairs or fix ups, especially in this market where foreclosures and short sales are the norm. Banks don't generally agree to many repairs, and sellers with no money don't generally either. A reasonable expectation for a buyer in this market is that at least a little painting and patching will have to be done after close of escrow.

In addition to being a Realtor for over 24 years, I was also a general contractor for 15 years, and consulted for home inspection companies for another 5 years, so please understand when I say this, that it comes from a deep level of experience: Home inspections are not meant to be a punch list of repairs to hand to the seller so that they provide you with a perfect home. And furthermore, it's important to realize that items called out on an inspection are the opinion of one particular inspector. Sometimes there is great disagreement amongst them on what is "proper" installation or not. The key question is: Is it functioning and serving it's purpose. We're looking for function, safety and serviceability in a home. Your best bet is to get a few estimates from either contractors - or in the case of minor problems that you've noted, handymen, so you can get an accurate scope of work and cost before deciding.

Good luck - and please don't let a few simple items ruin your love of your new home!
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0 votes 1 answer Share Flag
Tue Mar 16, 2010
Monique & Joe Carrabba answered:
Hello Chad-Roscoe,

It sounds like you just love your area. My thought is to get involved with your neighborhood (such as a community organization or neighborhood council and also schools). Like a magnet other people will see your efforts and be attracted to the area also.
Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
(323) 899-2900
... more
1 vote 3 answers Share Flag
Tue Aug 18, 2009
M.D.J answered:
That's easy...talk to a loan officer so that your credit can be ran as well as provide documentation of income & assets and you will have your answer.

Any financing questions let me know.

Good luck.
... more
1 vote 2 answers Share Flag
Thu Jun 19, 2008
Wayne Zelenak, answered:
Hi Lupita,
I have had the same experience with a property in our area. The problem is there are many bank owned properties and they have to be handled through the bank attorney. Sometimes it can take months before you can get an answer. The problem of waiting is that the interest rates may rise and price you out of the home.. You can call the agent as much as you like and the responce is always the same, no return calls becasue the agent does not have information provided by the attorney. Mostly, the attorney does not return calls. It is a frustrating situation.. In my situation, we also had the highest price on the table but after two months we withdrew our offer and found another home. I suggest you keep looking at other properties.... ... more
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