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Alan Taylor's Advice

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  • 9 Contributions
  • 0 Best Answers
  • 1 Helpful

Alan Taylor wrote:

What do you think about making an offer to an owner when the house is not listed for sale?

Answer
What have you got to lose?  If a house is listed and is sitting on the market for many days with no offers, then naturally a seller may be willing to take less.  Perhaps he is willing to sell at a fair price to you now?  If he is, why not make an offer?
January 26
(0)

Burbank Blvd & Noble Ave Neighborhood safety

Response
For the most part, all areas of the East Valley have a healthy crime rate.  Burglaries from Motor Vehicles are at the top with occasional break ins in the quiet neighborhoods.  If you live in congested areas of LA, you'll always hear about some crime and compared to most, it's fairly safe.
January 26
(0)

Should I buy a condo in which the HOA is bankrupt? How would it affect me?

Answer
If you got the right deal, theoretically the HOAs financial status could improve leaving you in a better financial position.  If the HOA is going to be an issue and you are paying full retail to be in a condo complex where an association that is a mess, buyers may go away and values could decline.
January 26
(0)

Is 5-ARM a good plan for me?

Answer
A 5 year may be a good option if it lowers your payments and you only intend to own the unit for so long.  If you plan to keep it it long term and you can reduce your payment enough, you may want to keep your existing loan in place.  It could prove to e a very solid investment long term at the current interest rate.
January 26
(0)

public records

Answer
The information is pulled from the county recorders office who files it with the tax assessors office.  A Title representative can pull the transfer tax stamps to give you the value paid.
January 26
(0)

When is it a good time to drop the price of your home

Answer
If your home is not selling in a market with strong buyer activity such as the market we are currently in, then it is overpriced.  Its that simple.  If you want to sell it, lower the price by increments of $25, 50 or 100,000 depending on the value of your home every 30 days until it sells.
December 06 2013
(0)

Can you work part time in Real Estate? Just passed the state exam

Answer
Of course you can, one of the benefits of working in Real Estate
December 06 2013
(0)

Is it common for a referral fee to be paid to the buyer out of escrow who then pays it to the agent.

Answer
Technically, referral fees are paid through escrow from one broker to another broker and then to the agent.  
December 06 2013
(1)

How can I obtain legal authority to sell grandmother's property?

Answer
The only ways to obtain legal authority to sell your grandmothers property is for the proper to become legally yours.  One way is for her to deed the house directly to you, another may be through proper estate planning.  The problem you then face is legal and tax liability so before you do anything you should consult with a Real Estate attorney.  While you feel strongly that she is throwing good money after bad, unfortunately, there is not much you can do, its her house.
December 06 2013
(0)