I agree with Clinton, Keller Williams is the Best! You've got to meet our team leader - she's amazing! Contact me at firstname.lastname@example.org or (310)625-9005 so we can arrange for you to come see our beautiful office and meet the Team Leader.... more
My experience is every house on the market today is getting over asking for the home they are making an offer on. If you want a house in this market I would remove the appraisal contingency, make your offer $5000.00 over asking and a 45 day closing. However, if you have an FHA loan with 3.5% down that might not be as appealing as someone with a big down such as 20% down or an all cash offer.
This market is insane..... good luck!
I am not sure I fully understand the question, do you mean the owner who is in foreclosure wants to evict you and rent to someone else?
If so, providing they follow current eviction laws, I assume they can evict you and rent to someone else.
If the owner is loosing the home why do you not just move out on your own, before things get too far
out of hand.
Best of Luck to you,
Kawain Payne, Realtor... more
If you are referring to the mortgage that is being settled by the Seller in the short sale, the escrow company is going to wire the money to the lender when escrow closes.
Sara Mehrpouyan CDPE
Specializing in Foreclosure & Short Sale
Dre License #01712757
I am guessing unlike the other replies, that when you say new houses you are talking about fershly built homes. Or do you mean new on the market?
I can find you both. I can pull a list of all homes built in the last year or two or three if it is a new home that you are looking for.
It would be my pleasure , I have been in business for over 33 years & I have a great network of agents I work with around the country.Please send me an email & I will connect you with a Great agent !
If you have the down payment (plus closing cost) a minimum of 620 credit score, and a minimum of 2 years in the job, of course you can get a property in Southern California in the $200,000 range. Check out my reviews and contact me when your ready to buy. But don't take to long to make up your mind because in some cities in Southern California, home prices are actually back at 2007 levels (before the real estate crash) and the longer you wait, the more expensive the property will be, They stopped going down in price. Who ever you hire, make sure the agent is a full time agent like my self and not a once in a while type of agent. Check out http://lahouse4sale.com to search the Southern California MLS. Izzy 213.221.1321... more
There is still an additional upside to buying in this area. It is becoming increasingly attractive to the growing labor force from the gentrification of downtown L.A. to the north. Many of these full time workers have families, a house to rent would be attractive. Depending on the site setbacks, you could add another unit, the zoning and lot size are ideal. Another option is to split the large rooms up with drywall and rent it out as a boarding house. Many homes in this area are being utilized this way. Beware - this is illegal unless you have proper zoning and city permission, yet very commonplace in this area. This is how Dr. Jerry Buss made his first money in real estate!... more
They are cleaning it up, but often they are doing it by providing housing and services to these unfortunates. It is not gentrifying in the traditional way most people might think, but it is improving the lives of those who depend on the services in the area.
The Little Tokyo Lofts however, border here is a great complex once you get past the security gate. The units are nice. Lots of amenities, and generally inexpensive compared to other parts of Los Angeles.
I would be happy to assist you. Thank you.
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills South
166 N. Canon Dr, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-278-4934 fax ATT: RJ
RichardKas@gmail.com - www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting... more
Yes it is possible. I have been selling lofts in downtown for the past 9 years. There are not many, but a few and I am on top of the inventory daily, so if you want, I would be happy to assist you in finding one. Let me know.... more
I have a great townhouse for rent. Huge, 2bdr 2.5 bath, den, pool, all appliances, tennis etc..
It's also on craigslist and westside rentals in Tarzana.
If you are still looking, my contact information is on the site.... more
Lots of answers here!
Is a tough market for buyers... and depending on your profile, it could be near impossible...
Unfortunately government policies that were at one point aimed at reducing foreclosures are now basically funneling the housing supply to large hedge-funds! SURPRISE! -Not really...
Fannie Mae and Freddie Mac are doing large bulk sales to institutional investors (wall street -again!) and they are gobbling the houses and converting them into rentals.
A buyer's agent can help themselves and their clients by following the listing agents instructions and writing competitive offers. Higher down payment, rapid contingency times, strong pre-approval... all are important... maybe you want to try buying a property with a rehab loan and buying an ugly duckly and turning it into a swan.
If you find my answer useful, please select it as the Best Answer!
Hi Max, here's the bible of the rent control rules in Los Angeles:
I'm sure you'll find what you need in there.
Keller Williams Realty... more
If you are referring to Cedars, its under 4 miles away
Please let me know if you have further questions, or would like to schedule a showing.
Susan Bo'ur Realtor