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Venice : Real Estate Advice

  • All55
  • Local Info1
  • Home Buying9
  • Home Selling2
  • Market Conditions1

Activity 21
Thu Oct 10, 2013
Bea Artigliere answered:
Yes absolutely. There is also another option. List your home with a realtor and try to sell it on your own at the same time. Contact me at if you are interested.
0 votes 7 answers Share Flag
Fri Nov 15, 2013
Joseph Finnerty answered:
Hi Richard,

Foreclosed homes are listed by real estate firms the same as regular resale homes and you can view them for sale on all of the typical websites that you look at for non-foreclosed homes for sale. You purchase a foreclosure the same as buying a regular home with respect to getting a mortgage..etc.

The main difference is that typically they are sold as-is. So, if you purchase a foreclosure, you can still get the inspections done (property, termite...etc) but it is usually a take or leave it situation.

One drawback with foreclosures is that many of them need repairs in order to make the home habitable. If a repair is required to get the mortgage, you may have to purchase the home using an FHA 203k renovation loan.

A major drawback with foreclosures is that typically all of the utilities are turned off. It may be up to you, the buyer, to get them turned on for the property inspections. This is a hassle and may cost you money but a good agent can help you with all of this.

I hope this is of some help.


Joe Finnerty
Prudential Patt White Real Estate
Lehigh Valley, PA
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0 votes 6 answers Share Flag
Sat Dec 15, 2012
Alex Quaid answered:
Please email me when you can at and I can send you available rentals on the MLS. Thank you!
0 votes 3 answers Share Flag
Sat Nov 3, 2012
DJ Bonner answered:
Hello Ryan,

Please provide me with your criteria and I will send you a list of available units.
Thank you
DJ Bonner
Keller Williams Realty South Bay
0 votes 2 answers Share Flag
Tue Sep 4, 2012
Tim Moore answered:
I guess it depends on why it didn't close, what the contract says about what happens if it doesn't and why. Normally the earnest money is the only thing available to the seller if the buyer defaults. If the loan was denied and that is a contingency in the contract it might not be considered a default. You need a legal answer and we can't give those to you. ... more
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Fri Sep 7, 2012
Scott Godzyk answered:
Angel it depends what the purchase agreement states and why it did not close if the buyer had a contingincy for mortgage or inspections and they got denied or inspections failed than it is usually a clean release. If the buyer changes their mind, there may be recourse. Best bet is to ask your agent or a lawyer to review tyour agreement. ... more
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Mon Aug 26, 2013
Danny Hart answered:
Since it is part of the city of Los Angeles it is $4.50 per $1000. There is also a county transfer tax of $1.10 per $1000. So, $5.60 per $1000 total. [City Transfer Tax:$4.50 for each $1,000 or fractional part thereof (LAMC Sec. 21.9.2); LA County Transfer Tax: $1.10 for each $1,000 or fractional part thereof (Rev. & Tax Code Sec. 11911-11929)] ... more
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Fri Oct 4, 2013
Mary Fealkoff answered:
This is a great question. As most of the time when dealing with real estate there truly isn't a black and white answer because each property and price range is different. A generic answer would be 3% however there are many properties selling over list price. The best thing for you is to sit down with someone like myself and go over the exact numbers for your exact property and location in Venice. If you would like you can call me at 310-488-3415 and let's see if I can help. ... more
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Wed Aug 21, 2013
Endre Barath answered:
These are great questions each one could be explained very easily please send me a direct e-mail to for a detailed explanation. FYI I am a Relocation Specialist and have represented many buyers from various European and countries. BTW where are you moving from? ... more
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Wed Sep 4, 2013
Bonnie Scribner answered:
When you present an offer, it will say the deadline for response in the paragraph above your signature. The norm is 3 days, but it can be altered. With the holidays, there can be delays due to traveling or work schedules (eg REOs). Your agent should stay on top of it, holidays or not, and give you a reasonable expectation as to when to expect an answer. Good luck!l ... more
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Sun Sep 22, 2013
Steven Ornellas answered:
Renee: is pretty useful for finding what schools a child might attend based on an address. Here's the search for zip code 90291:

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Fri Jul 22, 2011
Ron Thomas answered:
This sounds like the case for my newest invention; a Twenty Foot Pole:

It's for things that you wouldn't touch with a Ten Foot Pole.

Why would you want to pursue this; it has Red Flags all over it!

Good luck and may God bless
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Tue Apr 1, 2014
Monique & Joe Carrabba answered:
Hell C. Carmon,

For sale? No. Impossible.

Monique Carrabba
The Carrabba Group
Keller WIlliams Hollywood Hills
(323) 899-2900
0 votes 7 answers Share Flag
Wed Jan 30, 2013
Ikem Tan answered:
Hi Suzanne,

Commission ranges vary and may depend on the value of the transaction (also called total consideration). In addition, commissions are negotiable between the landlord and agents. This can be based on a percentage or a fixed amount for obtaining a willing and able tenant. For example, 6% of the lease amount * the number of years for the lease or a fix $1500, 2000, 2,500 split between brokers. It's totally negotiable.

Ikem Chukumerije represents Buyers, Sellers, & Landlords in all luxury real estate communities including Beverly Hills, Malibu, Los Angeles, Bel Air, San Monica, Westwood, Brentwood, Venice, hollywood Hills, West Hollywood, Pacific Palisades, Venice, Marina Del Rey, and Manhattan Beach. Contact Ikem at 323-350-8297 about buying or selling real estate in these areas.

Visit for more information.

Ikem Chukumerije
Westside Premier Estates
Brokerage | Financing | Investments
Tel: 323.350.8297 | Toll: 800.783.1421 | Fax: 310.496.0511
Email: | Web:
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Wed Apr 28, 2010
Michel Laprise asked:
0 votes 0 Answers Share Flag
Wed Oct 6, 2010
Bobby Roberts answered:
there is typically an "open house".
how do you get an address? i would say thats a great question. i have experienced buying sight unseen but they at least had an address. i think you need more info before you give anyone any money. ... more
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Wed Jul 28, 2010
Aaron Mirsky answered:
Hi Diana,

I know the name of a great agent who can help you in the San Francisco area. Her name is Kathy August Kennedy.

Cell # 415.505.2668

Her website is below.
0 votes 1 answer Share Flag
Tue Dec 27, 2011
Jodie Francisco answered:
Hi Jean,

You can ask your realtor to have the title company pull the records, or they can see how many homes are still showing up on the mls. The Westside MLS (CLAW) does keep their records for quite some time, but I am not sure how long that policy has been in effect, so don't know if going back to 1994 is accurate. If you don't have a realtor, feel free to call me and I can get the information for you.

Best regards,

... more
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Sun Dec 1, 2013
Paul Cruz answered:
Hi Jean,
I would need more detail on your home, bedrooms, baths, upgrades, lot size, etc. to narrow down the comps.
Paul Cruz
0 votes 8 answers Share Flag
Sat Jul 27, 2013
Aaron Mirsky answered:
Hi West,

I'm seeing GRM all over the place right now. Just going off the "Solds" from the last couple of months on the MLS, a GRM from 13 to 16 seems like the typical range. I think the numbers get skewed a bit when you look at a say a duplex or triplex that is purchase as an owner occupied property. The additional units may simply serve to subsidize a large mortgage for the main house.

That said, you have to drill down pretty deeply on GRMs and cap rates in unique areas like Venice. I realize the answer is a bit vague but there is are differences between pure income properties and owner occupied 2-4 units.

Hope this helps.
... more
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