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Thousand Oaks : Real Estate Advice

  • All142
  • Local Info15
  • Home Buying53
  • Home Selling8
  • Market Conditions12

Activity 86
Fri Aug 21, 2015
Steven Ornellas answered:
Michelle, don't mess around with this, its time to get a Real Estate Lawyer involved to put the issue to rest. A simple letter from you lawyer may solve the issue.

Best, Steve
0 votes 8 answers Share Flag
Sun Aug 17, 2014
Jason Ewing answered:
Marie,

It is against anti-trust laws that the answer to your question can not be disclosed here. You should contact both full service firms and discount firms in your area, ask them what their firms fee is for listing and what that includes.

Jason Ewing, GRI/CNS
Coldwell Banker Triad, Realtors
... more
0 votes 13 answers Share Flag
Wed Dec 3, 2008
David Chamberlain answered:
I wouldn't have a problem with that. I would change it in the MLS to refect that for a couple of weeks.
0 votes 6 answers Share Flag
Sun Jul 5, 2009
Barry Shapiro answered:
Mr. Ferber,

I am attaching a current MLS print-out of all the Homes in the VERDIGRIS TRACT of Thousand Oaks. Unfortunately, when the Griffin Lang Ranch development built these homes in the late 1995-1997, they were built as 2-story models. Find attached 5 Actives, 2 Contingent-Back Up and 10 SOLDs for your review. Good luck in your home quest. There are similar developments nearby that do offer a single-story model. ... more
0 votes 3 answers Share Flag
Wed Nov 5, 2014
Barry Shapiro answered:
Edward,

Edward,

As a seasoned investor, you know you make your money when you BUY, not when you sell. The Casa de Oaks has guidelines for use as a rental property. Otherwise, if you can make the numbers work there will be several future opportunities to expand your real estate portfolio. I would suggest you hold tight for awhile longer and come into the market at an even lower basis. Rents run in the $1500-2,000 max range for 2+2s in the TO area. I have attached a link to 11 active rentals and 22 "leased" properties to give you an idea of the rental potential. I also have a listing in Agoura Hills available for under $250K ~ http://www.agourahillscondo.com Good luck and please be patient with the market, as I will pay off leveraged dividends in the end. ... more
0 votes 6 answers Share Flag
Tue Nov 11, 2008
Barry Shapiro answered:
The Maegan Place properties are dropping in price very rapidly, with so many short sales and foreclosures on the market. The lowest priced 2+1 apt. is listed under $165K now. Look for a plethora of available units under $150k by next year. I hope your agent is telling you this!!

Most of your questions can be answered by:
HOA Mgmt Co: Integrity Management
HOA Mgmt Co: Phone (818) 865-0330

HOA: $312 +/-
HOA: Per Month
HOA Includes: Community Pool, Playground, Community Spa, Roof Maintenance, Greenbelt/Park, Trash Removal, Insurance

The CCR's can be obtained in advance for a nominal fee and your agent should be working on your behalf to accomplish your request.

Good luck and be careful!
... more
0 votes 3 answers Share Flag
Mon Sep 8, 2008
Karen Gleeman answered:
Fri Sep 26, 2008
Barry Shapiro answered:
Maria,

Casa De Oaks currently has Seven (7) 2-bedroom listings, and Ten (10) 3-bedroom condo units for sale ranging in size from 810 to 1,200 sf and (list) priced from $179,900 to $299,000. Days on Market range from 3 (new REO) to 177. Of the 17 Actives there are only SIX (6) sellers that are NOT Short Sales or REOs (bank-owned).

The lending practices of 2003-2006 enabled buyers to qualify for an option-ARM or similar mortgage with no money down. The vast majority of these homeowners are upside-down in their equity position and have had their payment jump through the roof. The lower-end of the market had a plethora of first-time homebuyers that would have never bought their homes had they known they would be in the situation they are in today.

I may have a new (Short Sale) listing later this week in the Maegan Place complex, if you should know of any interested buyers.
... more
0 votes 2 answers Share Flag
Sat Oct 11, 2008
Barry Shapiro answered:
Sabine,
I recommend you go (yourself) to the city where the property is located and speak to the Planning and Permits Department. Ask them if their city does an inspection as part of the escrow process, and ask the Qs you sited above. You will certainly have even more questions while you are at City Hall, so you can save a trip by writing them all down first. Also, ask this question specifically to your lender. Good luck in doinf your up-front due diligence. ... more
0 votes 6 answers Share Flag
Sat Jul 19, 2008
Barry Shapiro answered:
Sabine,

We are not really sure what your question is here, specifically. In the case of a FSBO (For Sale By Owner) the seller is hoping to SAVE money by representing themselves and not paying a listing side commission. Sometimes, the FSBO seller will "cooperate", that is, pay a Buyer's Agent a commission to bring them a ready, willing and able buyer (terms negotiable).

Your question is asking if a listing agent will "allow" a buyer to represent themselves in the transaction? The seller has already agreed to pay the listing brokerage -- so you would not receive all the benefits of agency relationships, plus you will not necessarily save any money on the purchase. I recommend you find a competent real estate agent to guide you through the most important invetment in your life. I don't know of any REALTORs that would not concur. I have posted Home Buying information on my website to assist you, and others in their journey. Good luck in your home search.
... more
0 votes 31 answers Share Flag
Sat Oct 11, 2008
Michael Barron answered:
Hi Sabine, Realty trac shows NOD'S notice of Defaults. Not all of the homes on Realty trac turn into homes that you can buy right away. They have to go through a process and if at that time the seller and lender cannot agree to save the home then it can become a foreclosure.

If you are looking for foreclosures or are wondering how this process words, then drop me a line
Kind Regards
Michael Barron
Realtor/MBA
First Team Real Estate
michael-barron@sbcglobal.net
... more
0 votes 5 answers Share Flag
Mon Oct 4, 2010
Jim Johnson answered:
HUD, VA and bank foreclosures all list with REALTORS, and they will not even talk to you before a property is listed. Tax sales are the only ones that do not.
0 votes 11 answers Share Flag
Wed May 28, 2008
Ted Mackel answered:
http://www.toaks.org/city_hall/depts/public_works/transportation/default.asp

Taxis are in the phone book.
0 votes 5 answers Share Flag
Fri Jul 4, 2008
Bonnie Sterling answered:
Looking at all 15 for sale in the "agent remarks" for the local MLS this statement was probably the most helpful in my opinion "Units in Casa de Oaks are to be owner-occupied per City of Thousand Oaks, Housing Division. There are some exceptions for leasing, but no investors." I also located a web site for City of TO Housing division. It does have an area that talks about the exemptions. I hope this is helpful. With 15 units for sale, most being preforeclosures and REO's try not to get your heart set on just one and try to get the very best deal you can. Seems that these may be poised for more "price adjustments" surely some Seller is going to have to start to give in on the prices if they hope to make their property more likely to sell than the others. Good luck! ... more
0 votes 3 answers Share Flag
Tue May 13, 2008
Bonnie Sterling answered:
Well, dont beat yourself up about it. It is pretty common in the market right now. As we discussed in a previous blog, you may be advantaged by your delay. Good luck!
0 votes 5 answers Share Flag
Sat May 3, 2008
Bonnie Sterling answered:
Hi Connie, City of Thousand Oaks has a wonderful planning, building and safety division. Have you tried asking in those offices?
0 votes 3 answers Share Flag
Fri May 1, 2009
Michael Barron answered:
Hi there B&G There is a REO avaialable. If you e mail me your criteria I can send you what is avaialable

Regards
Michael Barron
Realtor
First Team Real Estate
0 votes 5 answers Share Flag
Wed Apr 23, 2008
Dot Chance answered:
Hi, Sabine. That just means that it is technically still on the market but the seller probably doesn't want anyone else coming to see the house.

I forgot to ask you if you have been pre approved for a loan? That would be your first step.

All my best,
Dot
... more
0 votes 9 answers Share Flag
Wed Mar 11, 2009
Sandy Shores answered:
HI Sabine,

Well , you certainly asked what I think is one of the biggest questions in real estate today.

I googled "buy now or wait" real estate and found oodles of pages of websites and articles written on that very topic. I have attached a link for you from foreclosure magazine, that you may find interesting http://www.eforeclosuremagazine.com/real-estate-foreclosures/should-you-wait-or-buy-now.

Although we have seen market corrections throughout the US, real estate is local in nature. Thus, I think it depends on how the market is performing in the area you are in. Contact a local REALTOR, as I am certain they can shed some light on the subject for you.

Happy reading!
Sandy Shores
... more
0 votes 34 answers Share Flag
Thu Apr 3, 2008
Phil Fowler answered:
Hello Robert,

You are asking questions that have many variables. The taxes are dependent on the size of the property.
Go on to the local county tax site and put in an address to give you the tax estimate.

H.O. Insurance varies depending on e.g. age, size, etc. Call a local insurance agent for that info. The price you are prepared to offer for the home will determine how much you should put down.

Remember, if you were to back out of the contract you could lose your down payment, depending on the circumstances.
... more
0 votes 6 answers Share Flag
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