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Huntington Beach : Real Estate Advice

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  • Local Info30
  • Home Buying110
  • Home Selling13
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Activity 187
Fri Jul 9, 2010
Cyndi Mino answered:
Hi, Kensington

I am a Realtor here in Huntington Beach and I work all of the areas you are interested in. You have mentioned areas in each city that have great neighborhoods and great schools. There are also the Deane Homes, La Cuesta homes and others in Huntington Beach.

Each of these cities have other pockets that are very good too. I know these cities well as well as the school districts and the homes associated with each of them. If I can help you with this, please contact me.

Cyndi Mino
First Team Real Estate
714-349-2424
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0 votes 9 answers Share Flag
Wed Aug 4, 2010
Vivian Young answered:
Dear Res Ipsa:
If you have a Counter Offer in hand then I suspect you are working with an agent. Call your agent or meet with him/her in person for a full explanation of the terms and conditions of the purchase agreement and counter offer as it pertains to your pending purchase. Online advice from agents without them viewing the documents and all of the particulars may be misleading, misguided and misunderstood ~ that you don't need! ... more
0 votes 7 answers Share Flag
Thu Jul 1, 2010
Mack McCoy answered:
I don't know who else's salesperson exam you would study for, but you would have to be a brokerage to qualify for the "co-brokerage" fee, otherwise, the listing brokerage would keep the entire fee. ... more
0 votes 6 answers Share Flag
Mon Jun 21, 2010
Scott Godzyk answered:
With an open listing no one will put any money and certainly not much time in advertising and marketing your property. It would be one of those if they had someone they would bring them by" kind of things. An exclusive listing allows one broker to spend all their time and resources which includes putting it in MLS where all other brokers have the opportunity to get the information and bring their buyers through the house.

An open listing actually reduces the amount of brokers who will see your listing. you are better off with one broker who is experienced in teh area and style of home you have. good luck with your sale.
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0 votes 4 answers Share Flag
Thu Jul 1, 2010
Emily Knell answered:
You only need to worry if the MLS sheet states that the land is leased,,find out from who & for how much, sometimes a house is sitting on a portion of land that is leased from a public utility, or a mobile home that pays a lot rent can also state in the MLS that it's leased land.

If it's a Fee, the land is not leased & you just pay regular property taxes.

If you have any other questions feel free to email me directly with the neighborhood or area you're interested in & I can check other area or subdivision listings, current or sold, to see if the land is on a lease or not.

You can also sign up to view available homes on my website.

EmilyKnell1@yahoo.com
562-430-3053 cell
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0 votes 5 answers Share Flag
Thu Aug 5, 2010
Scott Godzyk answered:
First of all it is not a good idea to purchase anything sight unseen. It is a further bad idea by signing final papers making it yours without a final walkthrough by you, or a buyers agent or soemone you trust to make sure there isnt any damage or anything is missing. Once you sign it is yours and any problems become yours.

Now yes you can sign in absence, they can overnight the paperwork to you, you can sign in formt of a notary public and have them stamp the papers and overnight them back.

'Good luck with your purchase and again, make sure someone you trust does a walkthrough befoe closing.
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0 votes 7 answers Share Flag
Tue Jun 8, 2010
Patrick Thies answered:
If you remove your loan confirmation then yes, the seller could be entitled to part or all of your earnest money. By removing the loan confirmation contingency you are giving up any protection for yourself.

You need to have a loan commitment before you close. There should be a financing contingency deadline in your contract. If you do not have a loan commitment by that date, then you need to ask for an extension. If the seller denies the extension, then the contract is considered null and void and you are entitled to your earnest money back. If the seller agrees to the extension, then you are good until the next deadline. As long as you are within the deadlines you are entitled to your earnest money back. If you miss the deadlines or don't ask for an extension,or remove the contingencies, then the seller may be entitled to keep part or all of the earnest money.
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Thu Jun 24, 2010
The Brooks Team answered:
Hello Dan, In the state of Florida we have as-is sales with the alloowance of an inspection period. For instance, the contract will state that it is an as-is transaction however there is typically an inspection period of 5-10 days, and in that time you have the right to an inspection, however the seller is not reponsible for any repairs. Typically if anything comes back on the report that is major, (not cosmetic), the buyer will have the right to cancel the contract without any penalty.

I would request an inspection period in your contract, but make it attractive to the seller. I try to encourage buyers to do them fast, that way we are not wasting much of the seller's time clearing that contingency.

Good luck to you.
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0 votes 10 answers Share Flag
Mon May 17, 2010
Michele answered:
how to buy a home in forclosure.
0 votes 15 answers Share Flag
Sun Mar 9, 2014
Mack McCoy answered:
Risk vs reward. I don't know your situation; clearly, you can't swing a trip to view the property, so you have to trust someone to represent you well. I don't think that's either good or bad, it's a grownup adult choice.

All the best,
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0 votes 13 answers Share Flag
Tue Aug 15, 2017
Brad Davidson answered:
Anyone can do a title transfer with a quitclaim deed. If this is one of the companies claiming to be able to save you from foreclosure, BEWARE!!! Putting title in another name won9;t stop a foreclosure. This is a money grab by people preying on others that are in trouble.

Brad Davidson
Broker - 01416432
www.wehelpubuy.com
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0 votes 91 answers Share Flag
Mon Aug 24, 2015
innercityskyline answered:
Average costs for additions in Orange County can vary depending on the requirements. Approved plans is a must and costs vary depending on area. Sometimes certain neighborhoods are restricted from addition period. The average costs for additions range from 125$ per sqft to 250$ per sqft depending on the type of luxury you are requiring and the plans needed.

Request your free estimate and find costs, and determine project depth.

Inner City Skyline
www.innercityskylineinc.com
855-751-4663
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0 votes 3 answers Share Flag
Wed Apr 21, 2010
Robert van der Goes answered:
Hello Jon,

You can view the entire MLS by visiting our site listed below. For a list of homes that are not yet posted on the MLS or which are coming soon to the MLS, please contact our office.

Best regards,
Robert M. van der Goes
714-305-2050
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0 votes 9 answers Share Flag
Fri Apr 9, 2010
Bob McClure answered:
good afternoon.......i assume the divorce deree grants the marital home to ex-husbannd...right?....if so, you can pre-approve under just your name for the new home.....the only concern would be if he has made late mortgage payments..or if there is any remaining- open joint debt remaining between the two of you with late payments.....that would reflect on your credit report as well as his....otherwise...i would go for it.....best regards.....bob mcclure- first preferred mortgage- southfield, michigan... ... more
0 votes 8 answers Share Flag
Wed Apr 21, 2010
Don Tepper answered:
I don't know Huntington Beach, so I can't address specific situations there. However, based on what you've described--and you've provided some very good information--here are some answers:

YOU ASK
Could you give me some tips to decide how much is right price for house in HB?
ANSWER
The basic problem you're describing is that you're not offering the market price. You're confusing the listing price with the market value. Don't worry; most people do. But the point is: The listing price has almost nothing to do with market value. It may be high. It may be low. Sometimes it'll be right on the mark.

If you've made 18 offers and been outbid each time, then you're not offering enough. It's as simple as that.

The best resource for determining value is your real estate agent, and I'm glad you're paying attention to him/her. However, either you're offering less than what he/she is suggesting, or he/she is not understanding what's going on with pricing in Huntington Beach.

YOU ASK
Is there any room to negotiate with the seller about their asking prices? I always offer more based on my Real estate agent’s suggestions.

ANSWER
Yes. However, ultimately the market (your offer and those of others who want the home) will determine the price. And sometimes properties are deliberately priced low in order to spark interest and multiple bids. Realistically, if a seller is pretty sure his house is worth about $400,000, he/she might price it there and expect to get some interest. If there isn't much interest, the seller might lower the price. If you made an offer for, let's say, $380,000--sure, there's room to negotiate.

However, if the house is worth about $400,000 and it's listed for $350,000, the seller and the seller's agent are probably expecting to get multiple bids, probably approaching (or even exceeding) $400,000. In that case, your offer of $340,000 wouldn't stand a chance.

You can attempt to negotiate on any of those sales types--short sale, REO, and standard. Recognize, though, that in a short sale the seller receives nothing so price isn't the major determinant it might be with REO and ordinary purchases.

Recognize, too, that price is only one area of negotiation. Terms are another. And you want to make your offer as strong as possible. For example, a seller might well accept an all cash offer of $390,000 over an offer that requires financing at $400,000. An offer that's not contingent on the buyer selling his/her current home is stronger than an offer that does have that contingency. During the bubble era a few years ago, even a home inspection contingency was considered a major weakness. (Not so today.) So: Look not only at price but also at terms.

YOU ASK
Why do I always need to offer more?

ANSWER
Because the market value of the homes is higher than the listing price. That's a somewhat odd situation--at least based on my experience--but obviously that's the case. You have to offer market value. Don't base your offer on list price.

YOU ASK
Are all of properties in HB listed with teasing prices?

ANSWER
I don't know HB that well but, based on what you've described, it sounds like many/most of them are.

YOU ASK
I can’t do the math if I don’t really know how much does the Seller wanted for the property?

ANSWER
Assume that the seller wants as much as possible for the property. (The exception, as noted above, is that terms can play a role, too.) You can't read the seller's mind. But assume that the seller has asked his/her Realtor: "How much will my home likely sell for?" And assume the Realtor has responded: "I'll run the comps for you and see what similar properties have sold for, and what's on the market now." And assume the Realtor has done so and presented the seller with the results.

Your strategy, and that of your agent, then is to do exactly what the listing agent did. Run the comps. See what's on the market now. Now you know, pretty much, what the market value of the property is. And, to address your specific question, you now know what the seller's expectations are.

YOU ASK
Where can I get helps?

ANSWER
Your agent is the best source. But have a good talk with your agent. Express your frustration. (Hey, look: After 18 offers, your agent is probably pretty frustrated, too!) If your agent is relatively inexperienced, politely suggest that he/she partner up with another agent in the office who has more experience, especially in the Huntington Beach area.

Hope that helps.
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0 votes 8 answers Share Flag
Wed Apr 3, 2013
Jeanne Feenick answered:
I'll let your local agent s answer with specifics, but I am seeing this in New Jersey as well, in the lower price points - even well priced homes in the mid to upper prices, short sales and traditional deals. I am working with a couple that finally has an acceptance after missing out on four or five homes.

Be quick on your feet, act decisively and also include traditional sales in your mix, because short sales are so uncertain and time consuming.

Good luck,
Jeanne Feenick
Unwavering Commitment to Service
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0 votes 11 answers Share Flag
Thu Aug 15, 2013
Karen Parsons Fiddler answered:
Hi Gary,

These are questions for a CPA. But my guess is that if there is no "profit" at the time of the transfer, you should not have any tax consequences....you might even be able to use it as a loss. But check with your tax preparer.

As far as the mortgage is concerned, if you have an assumable loan, you might be able to have it signed over to him, you would need to contact the bank to find out. Most likely you do not and he would need to refinance for the mortgage to be completely off your credit. Make sure you know all this information before signing the deed. You might find yourself responsible for the mortgage but not owning any portion of the home. If he defaults, you might be liable.....I would contact a Real Estate Attorney and find out if there is a way to protect you.

Good luck,

Karen
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0 votes 11 answers Share Flag
Thu Jun 8, 2017
John Doan answered:
Hi R-1 zoning is land allocated for building 1-4 unit properties on. What standards are you asking about exactly? There are several types of R- zones. It comes done to things like space, density of your buildings and other factors. Are you looking at changing your current zoning or looking build on raw land? ... more
0 votes 7 answers Share Flag
Sun Jul 1, 2012
Connie Bramble answered:
Hi Jeanne,
I think you had an inquiry a while back. So you are moving for sure now? Thats great. What area specifically are you going to be in? Where are you driving to work? Depending on that you may be able to go to other cities as well. How much commute time are you loooking to stay within? Let us know so we can better help you out!
Connie Bramble
Prudential CA Realty
714-337-8718
... more
0 votes 6 answers Share Flag
Fri Jun 11, 2010
Mission Viejo Real Estate by Valorie Stover answered:
I would say look into it. I haven't dealt with them for a while but they use to be very slow, Don't rush out and find a house till you have started all the process and are sure that is the way you want to go. ... more
0 votes 6 answers Share Flag
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