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Home Buying in Los Angeles County : Real Estate Advice

  • All508
  • Local Info30
  • Home Buying263
  • Home Selling32
  • Market Conditions12

Activity 3,540
Sun Mar 23, 2014
Emmanuel Xuereb answered:
Hey there, you can get a better estimate from escrow when you open, but I like to let my seller's know to expect about 7% to 7.5%.
Let me know if this helps.

Emmanuel Xuereb
360 Realty
323 559-9000
... more
0 votes 18 answers Share Flag
Sun Feb 24, 2013
Kevin and Julie McLaughlin answered:
Sat Feb 23, 2013
Kevin and Julie McLaughlin answered:
I would think only USPS can help - sorry they didn't seem to know the answer!
0 votes 3 answers Share Flag
Thu Jan 2, 2014
Suzanne MacDowell answered:
I don't work in California, so I can't speak to Redfin specifically, but I have watched several discount brokers go out of business completely here on the East Coast. I guess it depends on what you want in a realtor. If you are willing to do most of your own work, then go with the discount folks, but don't go crying when you get short changed. But, remember, you get what you pay for. I have found buyers save more by going with a full service realtor than they do by going with a discount brokerage. Kind of like a For Sale By Owner that thinks they will save money by not paying a commission, but, on average gets far less for their home than they would have if they'd paid the commission in the first place. It's your call, but you need to consider all the implications, not just rebates. ... more
0 votes 28 answers Share Flag
Wed Feb 27, 2013
Jodi Gonzalez answered:
Call the loan officer securing your client's loan and ask him/her. It all depends on when the docs were drawn and what the first payment date is on the final loan docs.
0 votes 9 answers Share Flag
Fri Feb 22, 2013
Nancy Villasenor answered:
Good Afternoon,

The best thing to do is speak with a lender first. So you may find out amount of payment and the amount you can qualify for. Please let me know if you would like a recommendation. I work with very good lenders.

Nancy Villasenor, Broker Associate
RE/MAX of Santa Clarita
25101 The Old Road
Santa Clarita, CA 91381
(661) 945-7200 Direct
(661) 284-5095 Office
(866) 519-2179 Fax
Broker License 01433438
... more
0 votes 6 answers Share Flag
Thu Mar 14, 2013
Ryan Shimp answered:
Hello Mary,

Typically in order to obtain a new Fannie Mae backed conforming loan, you must wait 2 years from the date your short sale closed. Unfortunately in this case you will not be able to co-sign for your Daughter at this point until 2 full years have elapsed. Here is some information for you in regards to short sale waiting times:

FHA has a three year wait period for borrowers who were in default at the time of the short sale (or pre-foreclosure sale). FHA tends to be a popular option as the minimum down payment is currently 3.5% and FHA is more forgiving with credit than Fannie or Freddie.

Fannie Mae has various wait periods depending on loan to value:
•2 years with a minimum 20% down payment
•4 years with a down payment of at least 10%
•7 years with standard down payment guidelines (varies depending on credit scores)

Freddie Mac has a 4 year waiting period.

I hope this helps and if you have any other questions please feel free to contact me directly.

Ryan Shimp
Prestige Realty & Investments
DRE #01864245
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0 votes 1 answer Share Flag
Mon Apr 15, 2013
Brad Davidson answered:
Hi Sean,

I'm an independent broker who is not constrained by the typical big box real estate structure. I've got the flexibility to get deal done that other agents can't get past their own broker.

Give me a call and lets see how we can do business.

Brad Davidson'714-961-8442
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0 votes 3 answers Share Flag
Thu Feb 21, 2013
Pia Albanese answered:
Hi Susan,
Are you a Realtor representing the Buyer, or a you a Principal looking for representation in the purchase of pocket listings? You may contact me by e-mail with more details, if you like.
Kind regards,

Pia Albanese
Leading Edge Society
Prudential California Realty/ Beverly Hills
9696 Wilshire Blvd. 3rd floor
Beverly Hills, CA. 90212
(310)621-1557 (cell)
(310)248-6478 (off.dir.)
... more
0 votes 6 answers Share Flag
Wed Feb 20, 2013
Elva Wormley answered:

The new lender does not have to accept the appraisal from the previous lender. Yes, if they order a new appraisal, they will disregard the first appraisal.

Best regards,

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981
... more
0 votes 5 answers Share Flag
Wed Feb 20, 2013
SERGEY FEDNOV *** 424-777-9377 answered:
Do you have an APN for the lots you considering to buy?
0 votes 10 answers Share Flag
Wed May 29, 2013
Tommy Lee answered:
Hard to say without going there first and taking a look.

Please let me know if you want to see it or if you need help with any other real estate needs.

Tommy Lee
DRE #01723594 SFC (Short Sale & Foreclosure Certified)
Premier Service® Professional
говорю порусскии
... more
0 votes 2 answers Share Flag
Sun Mar 24, 2013
Tina Lam answered:
As you've heard about bubbles, people always say "it's different this time." So, while we could be at the beginning stages of a bubble, here's what different about this time:

Buyers are paying cash for properties.

Without financing, this means the market won't pop due to distressed owners. However, as soon as these cash investors find a more preferable investment, which seems unlikely, then the market could pop.

As for how soon, it's impossible to tell. From what I've been seeing, we could be in the midst of a 3-5 year cycle.
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0 votes 2 answers Share Flag
Fri Jun 13, 2014
Zack King answered:
Yes a lot of celebrities live or have homes in Calabasas. The Khardashin's live just outside of Calabasas in Hidden Hills, Courtney and Scott live in Calabasas. Justin Bieber owns a home in Calabasas. Drake purchased a home in Hidden Hills a few months ago. Brittany Spears also owns a home in the same community as Justin Bieber. It is become a celebrity hang out just enough outside of LA to enjoy some peace and quite but just a 30-45 minute drive to all the hot spots in LA.

Zack King
Keller Williams Estates Calabasas
(818) 825-7388
... more
0 votes 7 answers Share Flag
Wed Jul 10, 2013
Alan May answered:
The real estate agency cannot return the money until/unless we have signatures from the buyer and seller directing us to do so.

Chances are, since you bought in Illinois, you used a real estate attorney. Have your attorney contact theirs, and see if he can facilitate the return of your $500.00. ... more
0 votes 7 answers Share Flag
Thu Jun 6, 2013
Bill Stone answered:
Fri Apr 19, 2013
Rebecca Marvel answered:
How much do you want to spend and how long do you want to hold on to the parcel?
0 votes 4 answers Share Flag
Mon Feb 18, 2013
Lena Samigoullina answered:
Contact me directly at or at my direct line at 310.625.9005. I'd be happy to assist you.

Lena Samigoullina
0 votes 7 answers Share Flag
Mon Feb 18, 2013
Tina Lam answered:
You should consult with your broker or a legal advisor on this. The answer really depends on how the 1031 is structured.
0 votes 2 answers Share Flag
Fri Feb 22, 2013
Jamie Tian answered:

You should contact any bank or mortgage broker to get pre-approved for a loan so you can see how much you can afford.

After that, you should contact a real estate agent to help you find the homes that are currently available. I would be happy to refer to you a few good mortgage brokers and also help you start searching for your second home!

Please feel free to contact me at (310) 717-1321 or with any questions or concerns.

Best Regards,

Jamie Tian
Rodeo Realty
(310) 717-1321
DRE #01920120
... more
0 votes 10 answers Share Flag
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