Broker L.A. Realty

Serving Beverly Hills and Southern California since 2005

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We invite all Real Estate Professionals and Attorneys to post in this blog, and share their knowledge with prospect home buyers or home sellers. We hope, this wil help to improve level of understanding with the home buying and selling process, home inspection, appraisal, and etc. It will also enables our community to make best decision before they engage in any real estate transaction. Thus if you are a real estate professional and you would like to share your knowledge, do not hesitate to create a free account here.

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What is Condominium Home Owners' Associaton Fee?

Posted by Los Angele Real Estate Broker on March 17, 2013 at 1:45 PM Comments comments (0)

Condo Home Owner Association fee which commonly referred as HOA fee or HOD is the monthly fee that a condo home owner must pay every month to a company that is responsible for maintaining the condo complex. This monthly fee is usually charged towards the fire insurance, water, and maintaining common area of the complex. The HOA company may charge some extra fees and add earth-quick, and flood insurance. It is essential for a condo buyer to study the bylaw and clearly understands the services ...

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Appraisal shortage in a residential real estate transaction

Posted by Los Angele Real Estate Broker on November 7, 2012 at 2:50 PM Comments comments (0)

Last two transactions landed in escrow have led me to write about the appraisal report and what if the report shows a lower suggested fair market value.

Apprisal is a part of all real estate transactions that a buyer must obtain loan from a bank. In some events the report shows property value slightly higher or lower than the negotiated purchase agreement. In the case that report shows higher value for the property, the bank will be happy to lend money for the amount requested and the b...

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Will the Buyer or Seller pays for Pest Inspection Report?

Posted by Los Angele Real Estate Broker on October 23, 2012 at 6:35 PM Comments comments (0)

If you or your selected real estate agent using the standard CAR residential purchase agreement to make an offer on a residential property then you should know that there is a form titled “wood destroying pest inspection and allocation of cost addendum”. This form usually goes with the residential purchase agreement in addition to disclosure regarding agency relationship. It is important to note in this form in the line 2.A requires parties to select who will pay for the inspectio...

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Lehman's Archstone is touching the peak through the largest IPO

Posted by Los Angele Real Estate Broker on September 28, 2012 at 5:45 PM Comments comments (0)

The fact that Lehman Brothers Holdings Inc. spent $22 billion on the purchase of Archstone Inc. (ASN) caused it to sink at a time when the property boom was on. As of now, the bank is trying to sell a real estate investment trust’s initial public offering. They are trying to sell this to the apartment owner at another peak like before. You must be hearing too much of mortgage news lately, but you can’t overlook what’s been happening in other sectors.

 

The ...

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Soon comin up a Beverly Hills Studio for Rent

Posted by Los Angele Real Estate Broker on August 13, 2012 at 1:05 AM Comments comments (0)

Good news for those who contacted me before looking for a studio or one bedroom apartment located in the city of Beverly Hills.

It is certain now that we will have a vacancy in out Beverly Hills Building on the 240 South Reeves Drive, if you have been waiting for the vacancy, please contact me because soon I will take applications for the studio. The exact price for the studio will be disclosed on the future ads.

 

There will also a vacancy in out Beverly Apartments bu...

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How important is to follow up with your transactions closely until it ends?

Posted by Los Angele Real Estate Broker on August 7, 2012 at 7:05 PM Comments comments (0)

A few years back, I was representing a well respected client who was buying a bank owned home (foreclosure) in cash. I was following up with the transaction in every step until the last step which was sending the closing funds to the escrow. The escrow was supposed to close two days after that day.

I received a phone call requesting my client to wire the closing funds to escrow. Thus, I contacted my client and ask her to do so. She went to her bank and the banker told her that she will...

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Some Realtors need more training.

Posted by Los Angele Real Estate Broker on August 6, 2012 at 6:05 PM Comments comments (0)

I was showing property last week to a client of mine. They asked me to go with them and see a house that they would like to consider for purchase with a possibility of making an offer. After I saw the house, they told me that they have seen this house the week before when there was an open-house. The agent who had hosted the open-house offered her service to them, but my client denied her request and said that they already have a broker who will represent them. Yes, that was correct. I was th...

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How to Get Ahead in New Construction

Posted by Reilly Realtors on July 30, 2012 at 6:40 PM Comments comments (0)

By Andrew Hill @ austinhomelistings.com

What’s the secret to getting a good deal on new construction? Is it waiting until the market is just right? Maybe. Is it knowing the lesser-known areas to buy a home? Perhaps. But more important than all of the other small facts and gimmicks to getting a good deal on a newly built home is the advantage you have when hiring a Realtor to help you buy new. I know that may sound a bit backwards, but hear me out. Having your own Realtorbrings a r...

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High-Speed Real Estate

Posted by Parker Hill on May 29, 2012 at 6:10 PM Comments comments (0)

By Parker Hill @ New Home Source

As the market ebbs and flows, there is one thing that remains fairly constant and that is: engaging in real estate takes time. Even if your home sells on the same day you list it or it only takes you one day to find the perfect home, there are many other factors involved. There’s paperwork, the moving in and out, meeting with a lender- I think you get the idea. However, the one part of real estate that should never slow you down is the type of...

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Not all the Realtors working seven days a week!

Posted by Los Angele Real Estate Broker on May 14, 2012 at 2:45 PM Comments comments (0)

My client (a home buyer) decided to see a few houses for sale on the market last weekend. I sent emails to the listing agents and requested showing instructions. A few replied with the instructions and the exact time for showing. Of course these were the houses listed on the MLS and there was no indication of the property status weather it is vacant or occupied or there is a supra (ibox) of combo box placed for agents, etc.

There was a house that my client decided to see. I did not have...

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