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Home Buying in 90068 : Real Estate Advice

  • All33
  • Local Info4
  • Home Buying11
  • Home Selling3
  • Market Conditions0

Activity 1,427
Wed Apr 10, 2013
Ron Escobar - Local Expert answered:
Poria,
I work with foreign buyers all the time. The process is pretty much the same as the one for US buyers... except you will need abut 50% down payment.

Transfer taxes are paid by the seller. Property taxes are about 1.25% of sales price yearly.
Transfer fees are about 2.5% to 3% of purchase price.

You will get a lot of responses from your question. Contact all responders and see who responds best via email... in this market you have to be able to move quickly and have knowledge... so try all of us out and go with the one you like most. By the way the commission for the buyer's agent is paid by the seller so we are all free. Pick the best!


Ron Escobar, MBAjavascript:{}
Broker
ron@select-realestate.com
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0 votes 6 answers Share Flag
Mon Apr 1, 2013
Ron Escobar - Local Expert answered:
right on front, it will probably lower it due to traffic and noise.

RonE
0 votes 9 answers Share Flag
Sat Mar 30, 2013
Ray Fernandez-Silva answered:
Please have the tenant sign you an agreement bonded by the seller to protect yourself and have the seller also issue a tenancy termination to the tenant with 60 days minimum

If I need to refer you over to another expert in Tenancy Contracts, feel free to reach out to me 562-754-3469 or email Mr88RayFernandez@yahoo.com ... more
0 votes 9 answers Share Flag
Mon Feb 17, 2014
carlos parrague answered:
Possibly. Contact and work with a reliable agent. Although it may be just as costly as staying at an extended stay hotel which will be more convenient and have maid service!
0 votes 6 answers Share Flag
Fri Mar 29, 2013
Robert Chomentowski answered:
It can be harder because unfortunately many listing agents are misinformed about VA loans. The only difference with a VA loan is you need a termite clearance. There is NO other difference from a 20% down conventional loan. VA loans are not any slower and do not require any more repairs then a conventional loan. Try to have your buyers agent get this across the listing agent. It's a shame what is going on out there with sellers not taking VA offers. ... more
0 votes 10 answers Share Flag
Fri Sep 4, 2015
Staci Siegel answered:
Hello There,

Your agent is correct to say that a lot of escrows close before the 9A is delivered but that doesn't necessarily mean you have to close before the 9A is delivered. If your contract states that the seller is required to deliver it to you by a certain date then you have every right to wait to close until you receive it. If your contract does not specifically require the seller to deliver the report to you then you have to close. But also realize that you can keep from closing by just not closing. The seller would then have to serve you with a document called Demand to Close. At that point you would have to close within 3 days after that document is delivered to you. The third day can't be on a holiday or weekend. At that point if you didn't close the seller could cancel the sale, potentially keep your deposit and sue you for damages. If you legally don't have to close because the seller hasn't fulfilled the seller's obligations then the seller couldn't serve you with a Demand to Close.

Don't do anything you don't feel comfortable doing. If your contract allows for you to wait to receive the 9A and that is what you want to do then you should wait.

Good luck with everything.

Kindest regards,
Staci
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0 votes 4 answers Share Flag
Wed Mar 27, 2013
Guy Gleason answered:
HI Pathmasiri

i figured you meant sellers agent.
me being a listing agent ( sellers agent ) here is what i know .
Inventory is scarce right now,,so the element of "supply and demand" is a driving force to raise prices, there are some very big fish out there as far as investor groups and individual investors who want to pay all cash and scoop up properties and either flip or buy and hold for awhile.
I recently had a listing in Bellflower, short-sale, and got 9 offers all cash within 48 hours.
So with that, it becomes a bidding war..................
sort of like a foreclosure auction somewhat, so as a listing agent, if yoiu have 5 offers at all cash full list price AND the investor wants you to represent both sides ---meaning the agent can double his commish..............that is hard to turn down...
so then the listing agent might get back to other offers that are close and ask if they want to go higher.

this is the current game out there.

hope this helps

Thanks
Guy Gleason
Equitable Real Estate Group
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0 votes 5 answers Share Flag
Fri May 10, 2013
Dorene Slavitz answered:
Dear Pathmasiri,
Buyer Agents are working with buyers. they are not playing games or dumping any offers. They are not in the position to make final decisions on offer acceptance.
My advice is to get a good Realtor to work for you if you are trying to purchase property. ... more
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Thu Aug 1, 2013
lendersnetwork answered:
I specialize in all types of loans from rent to own, owner finance to sub prime loans. Go to my site or call me 213-935-0732 - www.thelendersnetwork.com at a 590 your not too far off depending on the types of accounts holding your scores down.. Let's talk..

Randy
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0 votes 12 answers Share Flag
Mon Apr 1, 2013
Staci Siegel answered:
The first thing you need to do is speak to a mortgage broker or a direct lender. That person will look at your financials and credit history and tell you how much house you can afford to buy. If a determination is made that you can afford to buy, the mortgage broker will give you a letter called a pre-approval letter. That letter explains to any seller that you've been approved for a loan up to a certain amount.

You would submit that letter with any offer to buy a property. Without a pre-approval letter from a mortgage broker it is unlikely that any offer you made on any property would be accepted.

If you would like some referrals to a few mortgage brokers and lenders feel free to send me a private email.

Good luck!
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0 votes 15 answers Share Flag
Mon Jul 27, 2015
Staci Siegel answered:
Hi JJ,

It takes an average of 45 days from the day your offer is accepted until the time you close. There are variables that might make the time shorter or longer. For example if you are paying cash for the house you could own the house in ten days. The loan is what always takes the longest.

One thing to note is that inventory is really tight right now and it is not easy to find a house to buy. Finding the home will most likely take longer than the purchase process.

In what city are you looking? I could help you if you're looking in my areas. And I might suggest you rent a place for at least six months because it could take that long for you to find something.

Good luck and welcome to Los Angeles!

Kindest regards,
Staci
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0 votes 10 answers Share Flag
Mon Mar 25, 2013
Cindy Davis answered:
The offer is only valid when you acknowledge the seller's acceptance in writing. Even then, you have a 17 day inspection period during which you can cancel.
0 votes 12 answers Share Flag
Mon Mar 25, 2013
SERGEY FEDNOV *** 424-777-9377 answered:
It depends on your particulars, however many sellers experience multiple offers there for buyers have no other choice but to submit offers to multiple properties as well.



____________________ 
Help with Any Real Estate Transaction - Buy or Sell  

Call me 424-777-9377 -  FREE CONSULTATION!  


Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777. 


Sergey Fednov 
President - Realtor® 
- Trust Sale Realty - 
Residential & Commercial Real Estate 
_______________________________ 
Toll Free: 1-855-TRUST-55 
Toll Free: 1-855-878-7855 
Phone: 424-777-9377 
Fax: 310-356-4925 http://www.TrustSale.com  http://www.TrustSaleRealty.com 
- We Hire CA Licensed Real Estate Agents - 
Lic# 01896869 
 
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Tue Aug 12, 2014
Jamie Tian answered:
Hi,

The property you are referring to was listed at $1,287,000 and is currently in escrow. The sale price has not yet been released.

Are you looking to purchase a property in the Los Feliz area? I would be happy to send you a list of properties currently on the market that fit your criteria. Please send me your email address and the details of what you are looking for.

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
DRE #01920120
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0 votes 9 answers Share Flag
Mon Nov 11, 2013
Rip answered:
Far more than building on a flat lot. There are lots of extra hoops one must jump through to build on a hillside in Los Angeles, and not all of the property may be usable for building. In addition there are likely to be grading, retaining wall and foundation costs not associated with building on a flat lot, that will vary from hillside lot to hillside lot. It's not really a question that can be answered generically. ... more
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Tue Jun 18, 2013
Richard "RJ" Kas answered:
What is your price range? I sell many properties in the Hollywood Hills and I would be happy to assist you.
Sincerely,
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills South
166 N. Canon Dr, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-278-4934 fax ATT: RJ
RichardKas@gmail.com - www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
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0 votes 19 answers Share Flag
Sun May 26, 2013
Allan S Glass answered:
Hi Connie,

I use City Data. Here's the link to the zip code in your question.
http://www.city-data.com/zips/90064.html

Best of luck!
Allan S. Glass
President
ASG Real Estate Inc. ®
149 S. Barrington Ave, Suite #660
Los Angeles . CA 90049
Mobile: 213.952.9052
Direct: 213.973.8637 (213.97.FUNDS)
Fax: 213.947.4461
E: asg@allanglass.com
www.asgreinc.com
CA License: 01154002

Twitter: http://twitter.com/asgreinc
Linkedin: http://linkedin.com/in/allanglass
Facebook: http://www.facebook.com/asgreinc


Visit Allan’s Blog: http://allanglass.featuredblog.com
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Wed May 22, 2013
Maria C. Gomez answered:
Hi Sevinalee,

What is your price range and have you been Loan approved?

Regards,

Maria Gomez
0 votes 15 answers Share Flag
Sun Mar 17, 2013
Allan S Glass answered:
Dear Newb,

You're really asking two questions.

1) can seller financing have a tax impact on the seller, and
2) can the seller change the contract late in the game.

For the answer to #1, it's likely your seller is attempting to complete a 1031 tax deferred exchange. if that is the case there are implications to his taxes, and how his seller financed note is structured and handled will make a difference to him. You can get more details in this article:

http://www.exeter1031.com/seller_carry_back_financing.aspx

Regarding #2. If you both have committed to the deal and all contingencies have been removed it is likely you both have a contractual obligation that cannot be changed without mutual consent. However, we don't have enough details about your particular transaction to understand if that is the case here.

You should consult with an attorney to review your contract in order to determine where you stand in the transaction. You may also want to consult your accountant or financial adviser to review the changes in the financing to see if there really is a significant impact to you.

Best of luck!
Allan S. Glass
President
ASG Real Estate Inc. ®
149 S. Barrington Ave, Suite #660
Los Angeles . CA 90049
Mobile: 213.952.9052
Direct: 213.973.8637 (213.97.FUNDS)
Fax: 213.947.4461
E: asg@allanglass.com
www.asgreinc.com
CA License: 01154002

Twitter: http://twitter.com/asgreinc
Linkedin: http://linkedin.com/in/allanglass
Facebook: http://www.facebook.com/asgreinc


Visit Allan’s Blog: http://allanglass.featuredblog.com
... more
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