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Home Buying in West Hills : Real Estate Advice

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  • Home Buying15
  • Home Selling4
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Activity 13
Fri Jun 1, 2012
Tim Moore answered:
First, you don't know whose measurement of square footage is correct, the agent or the public records. You don't know if the county is wrong or if the agent measured right or wrong. The appraisers usually ask for a copy of the listing to look at and they should measure the house to check square footage. You might be just fine.

If the appraisal comes in below what you offered the bank will not loan anymore than that as the purchase price so the seller will have to reduce the agreed price or you would have to put down more down payment to cover the difference.

Good luck
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Fri Jun 1, 2012
Terry McCarley answered:
I would have advised you to verify the square footage prior to placing an offer. The difference is square foot will effect the appraisal.
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Fri Mar 16, 2012
Sara Mehrpouyan answered:
James,

Who is fixing the problem after close of escrow, the buyer or the seller? If it's the seller, then they should fix the issue before closing. If you are asking about possible legal action, then you should consult with a real estate attorney. Good luck.

Sara Mehrpouyan CDPE
Short Sale & Foreclosure Specialist
Rodeo Realty
Direct 818-903-2040
Dre License #01712757
www.athomewithsara.com/West-Hills-Ca-Real-Estate

Sign up for New Property Listing Alerts By Email Here: www.newlosangeleshomesearch.com
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Wed Feb 8, 2012
Erica Ramus, MRE answered:
I don't understand this. You are a buyer not a seller. You have a signed contract with a seller?
Did the seller really sign? If he did, and if he is party to 2 signed contracts he has a problem.
Do you have an agent?
CALL AN ATTORNEY.
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Thu Aug 19, 2010
Monique & Joe Carrabba answered:
Hello Buyer,

If it said in the contract that you needed to sign the banks addendum then you probably should have reviewed it prior to agreeing to sign it. It was probably required at some point. Bank Addendum's are tricky. They are always slipping things into them. If the inspection period is the only issue then I would just agree to getting it done in 10 days. If the clock hasn't already started ticking. It's funny. Banks that have REOs are usually impatient with the buyers when it comes to wanting everything when they want it but then when it becomes time to get anything done with them, they are a pain in the you know what and slow as can be.

Good luck and congrats on your purchase!

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
(323) 899-2900
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Wed Nov 11, 2009
Ted Mackel answered:
Ry,

Was your agreement in writing?

How much will it cost to finish the job? if it is under $7500 then you have a small claims dispute. If it is over, you'll need to get an attorney.

If you plan on going the small claims route then you need to get all your documentation organized, have a time line and communications log.

I have been through the small claims process and won, give me a call and I can meet you for coffee. I go to the Starbucks over on Platt at least once a week.
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Thu Feb 9, 2012
Richard Schulman answered:
Depends on the lender. If you need a loan contact Eli Weinberger at Bank of America. He has the best pricing out there. If you have any real estate questions, let me know. I have a strong track record of helping client buy foreclosed properties and I have access to great service providers like Eli who can help seal the deal.


Richard Schulman
REALTOR
#1 Selling Agent Keller Williams Westside
310-482-0173
schulmanrd@yahoo.com
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Sat Jun 6, 2009
Dyanna answered:
Hello Melissa. I am a listing agent and I have been working on a short sale with Countrywide and we have been waiting since March 2008. The reason the process is so long with CW is because there are 3 tiers to their loss mitigation department. The first is the person who looks at the offer and looks at the numbers and decides whether to push it through to the next mitigator. Once the second mitigator sees the file, he decides on the closing costs and such. The third sends the paperwork up to the investor and sends you the final approval. They have no idea what they are doing and they are hiring peorple off of the street everyday and THEY REALLY have no idea what they are doing!

Good Luck!!
Dyanna
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Thu Oct 15, 2009
Raffi Philiposian answered:
Hi Diane,
To my knoledge there are two elememtary schools close to the address you mentioned:
Los angeles unified school, located at
6624 lockhurst Dr, West Hills, CA 91307 Phone 818-716-7310. At the same address there is child care the phone # 818-884-4226.
Ther is also privet school:
Shepherd of The Valley Lutheran school, located at
23838 Kittridge st.
West Hills, CA 91307
If you have any further questions, I'll do my best to answer them since I work in that area.
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Sun Jun 1, 2008
Diane asked:
Wed Oct 27, 2010
Deborah London answered:
Hi Jane. I used to live in West Hills-that's a nice area! I suggest you wait a few more weeks to buy. I don't think the prices are at the bottom for that area yet. If you email me or call me with your email address or physical address in OR, I'd be happy to send you some data of the area that shows current trends. My team and I also handle rentals so we can help place tenants in your properties when you're ready for that phase of your real estate goals! ... more
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Fri Mar 4, 2011
Cindy Vedder answered:
If you read the short sale addendum from the bank, they usually put language in there indicating that they can rescind the sale at any point during the process. I would read your short sale paperwork carefully. It has been my experience that there is nothing you can do . It is one of the many reasons why I don't personally like doing short sales. There are almost "zero" guarantees that a sale will proceed to closing. As a Realtor (which differs from an agent) trying to work with and protect my buyer clients they afford me "zero" control in the transaction thereby eliminating my ability to fully protect the buyer. You basically are at the banks mercy every step of the way- and all the steps they don't take. Get a cancellation notice in writing, get your deposit back and think of it as a learning experience. Sorry. I know they are frustrating. Good Luck. Cindy Vedder ... more
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