West LA Real Estate | Santa Monica Houses For Sale | Brentwood | Pacific Palisades
Keller Williams
Robert & Barbara Schmalz
310.505.5571
bob_schmalz@wlaregroup.com
 

 
 

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brentwood

Brentwood Real Estate: Are You Buying Or Selling? Do You Know Who Pays For What In Escrow?

2011/12/21 – 2:28 pm

My clients who are buying Brentwood Real Estate be it Brentwood Houses or Condos are always asking who is to pay for this or that, so I decided to make a list of who usually pays for items during escrow. Keep in mind West Los Angeles Real Estate Group negotiates every line item for their clients so although this is a good guideline how you negotiate the transaction will effect this list.

So when buying Brentwood Condos or Houses it is always good to have a professional and highly qualified team who specializes in Brentwood Real Estate handle your transaction.

Please call your specialist at West Los Angeles Real Estate Group to handle and take care of all your Real Estate needs. You can call me anytime at 310.505.5571 or of course email at bob_schmalz@wlaregroup.com.

 

BUYER Typically Pays For:

  • Escrow fees – Their Own
  • Document preparation (if applicable)
  • Notary fees
  • Recording charges for all documents in buyer’s name
  • Termite inspection (according to contract)
  • Tax proration (from date of acquisition)
  • Homeowner’s transfer fee
  • All new loan charges (except those required by lender for seller to pay)
  • Interest on new loan from date of funding to 30 days prior to first payment date
  • Assumption/Change of Records fees for take-over of existing loan •
  • Beneficiary Statement fee for assumption of existing loan •
  • Inspection fees (roofing, property inspection, geological, etc.) •
  • Home Warranty (according to contract)
  • Lender’s policy
  • Fire insurance premium for first year

 SELLER Typically Pays For:

  • Real estate commission
  • Escrow fees – Their Own
  • County documentary transfer tax (55 cents per $500 of consideration, exclusive of the value of any lien or encumbrances attaching to the property at time of sale)
  • Applicable city transfer/conveyance tax (according to contract)
  • Document preparation fee for deed
  • Any loan fees required by buyer’s lender
  • Payoff of all loans in seller’s name (or existing loan balance if being assumed by buyer)
  • Interest accrued to lender being paid off
  • Statement fees, reconveyance fees and any prepayment penalties
  • Termite inspection (according to contract)
  • Termite work (according to contract)
  • Home Warranty (according to contract)
  • Any judgments, tax liens, etc., against the seller
  • Tax proration (for any taxes unpaid at time of transfer of title)
  • Any unpaid homeowner’s dues
  • Recording charges to clear all documents of record against seller
  • Any bonds or assessments (according to contract)
  • Any and all delinquent taxes
  • Notary fees – escrow fee
  • Title insurance premium: Owner’s Policy
By Bob | Also posted in Blog, Brentwood Condo, Brentwood Condos, Brentwood Houses, brentwood real estate, brentwood real estate broker, West LA Real Estate Group | Tagged , , , , , , , , , , , , , , , , | Comments (0)

Title Search Process Simplified — You Pay For It, Do You Know The Process?

2011/12/14 – 4:18 pm

In the past two weeks I have had two clients one buying a Santa Monica House and the other a Brentwood Condominium who asked me what does it mean to do a Title Search, what is the process?

West Los Angeles Real Estate Group tries to serve its clients and the community in understanding the Real Estate process, no doubt in can be daunting and is always a good reason to seek a professional instead of going it alone when you are thinking of buying or selling a Santa Monica Home or a Brentwood Condo.

In as simple terms I can find here is the step by step process;

  1. Customer Service verifies legal property description & how title to real property is held
  2. Preliminary order & title search are opened
  3. Preliminary search of real property is done
  4. Title search examines real property records, general index records & tax records
  5. Examiner reviews complete search package & writes preliminary report
  6. Data processor enters preliminary title information into computer & prepares preliminary report
  7. Messenger service delivers prelims to escrow & lenders
  8. New documents, demands & statement of information submitted to title company
  9. Escrow authorizes recording of new documents in the transaction
  10. Documents are recorded, confirmation of recording is received & liens of record are paid off
  11. Title officer writes title policies
  12. Data processor prepares final title policies
  13. Title policies released to client
Please call me with any questions, I am Bob Schmalz a Cal Licensed Real Estate Broker and founder of West LA Real Estate Group. You can reach me at 310.505.5571 or email at bob_schmalz@wlaregroup.com
By Bob | Also posted in Blog, Brentwood Condo, brentwood real estate, brentwood realtors, santa monica homes, Santa Monica Houses, Santa Monica Real Estate, West LA Real Estate, West LA Real Estate Group | Tagged , , , , , , , , , , , , , , | Comments (0)

BANK FORECLOSURES & SHORT SALES: SANAT MONICA, BRENTWOOD, PACIFIC PALISADE AND MORE

2011/11/15 – 11:20 am

West Los Angeles Real Estate Group specializes in Shorts Sale Houses / Condos  and Foreclosure Houses /Condos in the following communities

  • Beverly Hills
  • Santa Monica
  • Brentwood/Bel Air
  • Westwood / Century City
  • Cheviot Hills/Beverlywood
  • Malibu/Pacific Palisades
Highlight of Santa Monica 2 Bedroom Condo, 1777 sq ft at $425,000
Just came on the market. If you are really interested contact me.. This will be gone in a few days.
You will need to go in and decide on the spot if you would like to get this home
bob_schmalz@wlaregroup.com or call 310.505.5571
PLEASE KEEP IN MIND THESE LISTINGS ARE VERY VOLATILE AND CAN CHANGE AT ANY TIME
For more information, pictures and details of these distressed homes along with others go to  Bank Owned Foreclosures for single family homes and condos as well as Short Sale SFR and Condos.
If you would like to find out about Bank Owned Properties or Short Sales  follow these links  ALL ABOUT BANK OWNED FORECLOSURES   or  ALL ABOUT BUYING SHORT SALE PROPERTIES where I posted articles that will give you the fundamentals of what a short sale or bank owned property is .
Please contact us by telephone at 310.505.5571 or emailing bob_schmalz@wlaregroup.com to answer any questions you may have about distress properties in the West Los Angeles Real Estate market
Have a great day
Bob
Robert Schmalz – Cal. Lic. Broker #01813025
West Los Real Estate Group
Keller Williams – Brentwood
11812 San Vicente Blvd. Suite 100
LA, CA. 90049 – 310-505-5571

 

 

By Bob | Also posted in Blog, Brentwood Bank Owned, Brentwood Condo REO, Brentwood Foreclosure, Brentwood Foreclosures, Brentwood Homes Short Sale, Brentwood Houses, Brentwood Houses Shorst Sales, Foreclosure Homes Beverly Hills, Foreclosure Homes Beverly Hills, Foreclosure Homes Brentwood, Santa Monica, Santa Monica Bank Owned, Santa Monica Foreclosure, Santa Monica Homes Short Sale, Santa Monica Real Estate, Santa Monica Short Sale | Tagged , , , , , , , , , , , , , , , , | Comments (0)

BRENTWOOD SFR SHORT SALE – CRESTWOOD HILLS – SIX BEDROOMS 5619 SQ FT -OVER 600K REDUCTION – $2,449,000

2011/11/09 – 9:54 am

0ver 6 BEDROOMS / 6 BA / 5619 SQ FT / 6882 SQ FT LOT
PRICED LOWRED $650,000
LIST PRICE $2,849,000 $2,449,000

TWO YEARS AGO THIS PROPERTY WOULD HAVE SOLD FOR $3.2M. IN THE KENTER CANYON SCHOOL DISTRICT.

BANK SHORT SALES ACTIVITY IS UNPREDICTABLE THE GOOD ONES GO FAST

Gorgeous Warm-Contemporary Modern In Kenter Canyon. This 3-level home has 6 bedrooms “ensuite” + 2 half baths + over 5,600 sqft of glorious splendor. This astute masterpiece of spectacular workmanship and engineering is the home you have been dreaming of. Large “great rooms” and terraces/yard make for fabulous entertaining! High ceilings, tons of natural light + top-quality materials throughout this European-inspired residence. Spacious cooking kitchen with abundant storage. Kitchen drawers/cabinets are blue motion (silent close). Each level has its own HVAC and electrical sub-panels. House re-build includes dumbwaiter and central vac. All bedroom doors are solid vertical grain Douglas-fir. Three tubs are deliciously air jet/water jet. Ground floor is ideal for nanny, in-law, or a dream office space with private entrance. Rebuild completed in 2007. Welcome to peaceful canyon living, yet only a 3 min drive to Sunset.

Contact me at 310.505.5571 or email, bob_schmalz@wlaregroup.com if you would like to see the full listing or to make an appointment at your convenience. If you are interested you should respond quickly.

ACTIVE 11.8.11                11-195065

By Bob | Also posted in brentwood home, brentwood homes, Brentwood Homes Short Sale, Brentwood House, Brentwood Houses, Brentwood Houses Shorst Sales, Brentwood Houses Short Sale, Short Sale, Short Sale Brentwood, Short Sale Houses Brentwood, Short Sales, Short Sales -- Houses | Tagged , , , , , , , , , , , , , , , , , | Comments (0)

MARKET STATISTICS FOR BRENTWOOD, PACIFIC PALISADES & SANTA MONICA HOUSES; 10/14-31/2011

2011/10/31 – 8:36 am

Good morning, please find below the market statistics for Pacific Palisades, Brentwood and Santa Monica Houses. As we can see sales of Brentwood Houses have picked up considerably and distressed Santa Monica, Brentwood and Pacific Palisades Houses have remained very small.

West Los Angeles Real Estate Group has seen a pickup in the demand of Santa Monica Condos in the $600,000 to $800,000 range. Buyers seem to be starting to notice those enticing interest rates that have remained low. Last week we had a qualified buyer secure a conforming loan for 30 year fixed , no points at 4 1/8%.

Have a great week and as always please feel free to call me at 310.505.5571 or email bob_schmalz@wlaregroup.com to answer all your Real Estate Questions.

 

 

By Bob | Also posted in Blog, Brentwood Bank Owned, Brentwood House, brentwood real estate, pacific palisades, Pacific Palisades Bank Owned, Pacific Palisades Foreclosures, Pacific Palisades Houses, Santa Monica, Santa Monica Bank Owned, Santa Monica Foreclosures, Santa Monica Real Estate | Tagged , , , , , , , , , , , , , | Comments (0)

SHORT SALE BRENTWOOD CONDO – TWO BEDROOMS $466,000

2011/10/13 – 4:20 pm

2 BEDROOMS / 2 BATHS / 1100+ SQ FT
HOA $264 ONE OF THE LEAST EXPENSIVE IN BRENTWOOD
THREE BLOCKS TO SAN VICENTE
BRAND NEW ON THE MARKET
LIST PRICE $466,000

All Short Sales are very active and although it is on the market as active today the status can change quickly

Best valued 2 bedroom in Brentwood! Minutes from shopping & restaurants, this is THE light, bright, and quiet condo in the heart of Brentwood. Updated kitchen, dining room and spacious living room flow perfectly together to entertain, enjoy the game, & spend family time. Enjoy quiet nights in front of the fireplace, great views, a large balcony, and a morning swim in the pool. Nice sized bedrooms
with lots of closet space

CONTACT ME AT 310.505.5571 OR EMAIL; bob_schmalz@wlaregroup.com IF YOU WOULD LIKE THE FULL LISTING OR MAKE AN APPOINTMENT. THERE ARE MANY SHORT SALES THAT STAY ON THE MARKET A LONG TIME. I ONLY WORK WITH THE GOOD ONES… THEY GO FAST

ACTIVE 10.11.11              11-938755

 

By Bob | Also posted in Brentwood Condo, Brentwood Condo Short Sale, Brentwood Condo Short Sales, brentwood real estate, brentwood realtors, Brentwood Short Sale, Brentwood Short Sales, brentwood village, condo, Condo Brentwood, condo for sale, condo short sale, Condo Short Sale Brentwood, condominium, Condominium Brentwood, condominium for sale, Condominiums Brentwood, condos, Condos Brentwood, condos for sale, short pay, Short Sale, Short Sale Brentwood, Short Sale Condos West LA, Short Sales -- Condos, Short Sales Brentood Homes, Short Sales Malibu | Tagged , , , , , , , , , , , , | Comments (0)