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Winnetka : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling0
  • Market Conditions0

Activity 12
Tue Apr 23, 2013
Ahsassyhubbard answered:
Sorry forgot to change location. Columbus,Ohio
0 votes 3 answers Share Flag
Wed Apr 25, 2012
Ron Thomas answered:
without referencing the LISTING,
no one can answer you.
0 votes 2 answers Share Flag
Wed Nov 10, 2010
Cricket Yee answered:
Hi Glory, the price is $319,999. It has tennis courts and a heated pool! If you give me your email, I can send you the listing, and if you'd like to see it, let me know because there is restricted viewing hours. ... more
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Tue Mar 16, 2010
Jeri Creson answered:
The best thing you can do to attract like buyers to your area is make the most, visually, of your 10,000 sq. foot patch of heaven. I work in this area, and I understand what you're saying....there are definitely "patches" of heaven and then blocks that could use a little help interspersed. Now that you're a homeowner, become active in your neighborhood - neighborhood watches - zero tolerance policies and activism towards graffiti and crime have been instruments in turning around marginal neighborhoods, and turning them into upwardly mobile hamlets all over the San Fernando Valley.

Bloom excitedly where you're planted...and others will follow. Blogging about your neighborhood is also a good way to attract attention. Try www.mystreet.com and other community based sites.


And Welcome to Winnetka!!!
... more
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Wed Mar 3, 2010
Simone Ranaraja answered:
Good Evening,
I am a realtor who lives and works in Winnetka, CA. If you are still interested in purchasing a home in Winnetka, please feel free to call me at 818-445-1305 or by e-mail at Simone@TheRanarajaTeam.com
Looking forward to hearing from you.
Simone Ranaraja
Realtor
DRE #1833945
... more
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Tue Aug 18, 2009
Russell Mahrt answered:
Hi Michelle,
I suggest that you speak with a mortgage lender who will review your credit and determine if you qualify for an FHA mortgage. FHA has lower credit score standards than a conventional mortgage and you may qualify for an FHA mortgage despite your lack of perfect credit. Many states also have state sponsored government mortgage programs that you may qualify for. Good luck. ... more
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Wed Mar 17, 2010
Jeri Creson answered:
The scope of findings that you have described are very typical. Remember that when buying a resale home you're not getting a brand new home with new construction in a near perfect condition. In Reseda, chances are the home you're purchasing is 1940's-1960's...right?

In Los Angeles, and $1800 termite report sounds just about right - it's actually pretty rare to find a report with fewer findings. And it's also common for termite companies to exclude painting the areas they fix. This is because, if they attempted to match paint, they would be looking at liability and customer service issues and would have a never ending line of people not being pleased with a perfect result.

A few tiles are simple to patch if you can match them, and should not cost more that $100 or so. And either a handyman or a tile contractor can do the job. Most buyers of resale homes expect to do a handful of repairs or fix ups, especially in this market where foreclosures and short sales are the norm. Banks don't generally agree to many repairs, and sellers with no money don't generally either. A reasonable expectation for a buyer in this market is that at least a little painting and patching will have to be done after close of escrow.

In addition to being a Realtor for over 24 years, I was also a general contractor for 15 years, and consulted for home inspection companies for another 5 years, so please understand when I say this, that it comes from a deep level of experience: Home inspections are not meant to be a punch list of repairs to hand to the seller so that they provide you with a perfect home. And furthermore, it's important to realize that items called out on an inspection are the opinion of one particular inspector. Sometimes there is great disagreement amongst them on what is "proper" installation or not. The key question is: Is it functioning and serving it's purpose. We're looking for function, safety and serviceability in a home. Your best bet is to get a few estimates from either contractors - or in the case of minor problems that you've noted, handymen, so you can get an accurate scope of work and cost before deciding.

Good luck - and please don't let a few simple items ruin your love of your new home!
... more
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Thu Aug 19, 2010
BOB Khalsa answered:
Stephanie:

What the Seller will or will not do is specified in the purchase agreement including termite inspection and other repairs. What does your contract say? You are wondering whether $1800 of termite repairs is a red flag. The right person(s) to address this question would be to a general contractor and the termite company itself, for which the individual(s) would have to take a look at the property's condition, age, and type of damage before offering comments.

Properties are sold "as is" or "as disclosed." The seller does not have to undertake repairs unless your contract specifically deals with repairs. Whether your insurer will require those tiles to be replaced or not as a condition of the insurance, should be addressed only to the insurer.

In the California Association of Realtor's Winforms, there is a document called "Request for Repairs." Based on your inspections, you request for repairs and the seller has the option of agreeing to it by carrying them out either completely or partially, giving you a credit in escrow for the repairs, or denying your request. Based on the seller's response you have to decide whether to proceed with the transaction or not.

I will be very surprised if any individual who has only a real estate license can answer your question as to the costs of repairs and the advisability on whether you should stay in escrow or not.

What about your agent? Hasn't your agent advised you to get a specialist opinion? If not, do so now so that you get competent and professional advice on the repairs. The decision to stay in escrow, however, is entirely yours based on the information you receive.

Bob Khalsa
Broker
United America Realty
661-513-4433
... more
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Tue Aug 10, 2010
Neil Singerman answered:
Katherine,

Yes it sold back in March 2009 for $317,000.
0 votes 1 answer Share Flag
Sat Nov 15, 2008
ERIN answered:
go here- this may help :
http://www.allenmatkins.com/events/publications/WRAArticle.pdf
0 votes 1 answer Share Flag
Thu Jun 19, 2008
The Hagley Group answered:
The listing agent may be juggling multiple offers and may not have a clear indication of which contract to submit to the bank. Also, the bank will take 24-48 hours to respond to an offer once submitted. I would ask your Realtor to contact the listing agents assistant....they will most likely have a clearer indication of what's going on. Keep in mind that those of us that handle bank owned homes sometime juggle 100 at a time. ... more
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Tue Aug 10, 2010
Craig Price answered:
The Valley is farily consistent and Winnetka is a nice enough area that you should not have a problem attracting quality tenants, just don't be over priced for what you are leasing. Safe is a relative term but would put this at more of a family area but also close enough to the Colleges that it could be Student housing.

I am currently leasing a home in that area and we have had quite a bit of traffic in the first week and hope to have it rented by first of next month. If you have any other particular questions about the valley feel free to contact my office.
... more
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