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Home Buying in 90302 : Real Estate Advice

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  • Home Buying1
  • Home Selling0
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Activity 11
Tue Jan 29, 2013
Shirley Smith answered:
good evening, it varies; the warranty will be specified in the contract from the company. You will receive an estimate to sign prior to the fumigation which is the time to ask this question.. ... more
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Mon Jul 29, 2013
Shirley Smith answered:
good evening,

Even if the lender is not asking for termite work as part of the loan conditions, the termite work is very important. If the termite work is not done, termite will eat your home's wood over time causing extensive damage and reducing the value. What may cost $3,000 today, will cost many times that as termite continue to cause damage. When escrow closes, make the termite work a priority.......

Read the real estate purchase agreement; i always include termite inspection and repair to be completed by the seller unless the seller is a bank. Short Sale and Foreclosure banks usually will not pay for this.
... more
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Fri Dec 6, 2013
Chance Schubert answered:
This question is best left to your lender...

It depends on what type of loan you decide to go with. It could be anything from 0% to 30%.
My best advice to you would be contact your bank & talk about mortgage options. ... more
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Wed Nov 7, 2012
DJ Bonner answered:
Yes, it is possible. Please email me and I will give you the contact info for my lender.
Thank you,
DJ Bonner
Keller Williams Realty
0 votes 6 answers Share Flag
Wed Nov 7, 2012
Anna M Brocco answered:
Consider working with an agent of your own--interview in person a few agents, or as many as needed, from different realty companies, then choose the one you like best...ask about scheduling around your needs, who will choose the properties to be seen, can you expect updates on new listings and recently sold properties, and how often will communication occur, etc.; ask about current sales in your areas of interest, negotiating strategies, etc.--then go from there. ... more
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Thu Nov 15, 2012
Joseph Domino answered:
You definitely need to speak with a lender (or two) and go through the approval process. This will clarify the situation with regard to the amount you are qualified for, what your payments might be and alert you to anything that you need to take care of financially before taking this big step.

With regard to hiring an agent. Yes, this is important and don't fool yourself into thinking that you do not need one because you can view homes on the internet. Start interviewing agents but let them know you are working the approval issue. The agent can keep their eyes open for properties that fit your criteria. Homes you see today on the market may not be available by the time you get your financing settled. You want to be ready to write a contract if you find that great home.
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Sat Apr 10, 2010
Shel-lee Davis answered:

You are in luck. There are quite a few properties in Long Beach, Inglewood, Compton & Lynwood that fit your price parameters. Fewer in Hawthorne and Gardena and fewer still in Torrance and Carson. More information would be necessary to find you the right property. Feel free to contact me directly, or provide the additional information by responding to this answer. Some basics would be:
1. How do you intend to pay for the property? Loan or Cash?
2. Are you okay with a fixer?
3. Do you want it vacant or rented?
4. How many units are you looking for?

It would be my pleasure to help you locate the right property. Dare to Dream.

Shel-lee Davis, CDPE
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty
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Tue Aug 11, 2009
Andrew Jones answered:
Hi Robert,

What is the house's ZIP Code? Please feel free to contact me for information on this home.
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Sun Sep 13, 2009
Michael Magaw answered:
This would best be answered after you provide more information. If you want, email or call me and explain exactly what you are planning to do. I would be happy to advise you.

Michael Magaw
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Fri Nov 13, 2009
Grace Hanamoto answered:
Hello Ms Led:

Typically, the Earnest Money Deposit is 3 percent of the total sales price, which, in your case, would be $1950 on a purchase price of $65,000. However, I would strongly suggest, if you do not already have a real estate consultant, that you please obtain representation. Not knowing the amount of the typical earnest money deposit is a simple matter to fix, but a sales transaction can quickly become a "nest of bees" with questions about the condition of the home, the costs, how to negotiate repairs, the appraisal, the loan, and the districts where the home is located--not to mention what happens at closing.

A Realtor will help you decipher the reports you read, and provide you with important information about the property that may affect your willingness to buy. Without having this help, you may seriously be hampering your ability to make a good, solid financial decision.

Talk with a Realtor today to help you protect yourself, and your finances, by advising you through the sales transaction. Good luck!!

Grace Morioka
Area Pro Realty
... more
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Fri Oct 19, 2012
e answered:
If you did not sign a buyer broker agreement you have no obligation to your agent and she will not get paid if you buy that condo or any other if you go through someone else.
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