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Posts tagged as: Phyllis Harb

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!
First Time Buyer Woes
Dear Phyllis,
We have been married for five years and managed to save over $50,000.  Although, we haven’t started a family, we really want to purchase in La Crescenta because of the school district. With a starter home going for well over $700,000 I just don’t see how we can ever save [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!

Sellers Changed Their Mind
Dear Phyllis,
I have been reading your advice column for years and don’t think I have seen you address this problem.  Can a seller back out of escrow after they have signed the contract?  The seller accepted my son’s offer, he applied for a loan, had an inspection and now the seller’s [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!

Inheriting Property
Dear Phyllis,
I am my aunt’s only heir and have inherited her Glendale home. Her home is solid but looks like a Grandma’s home and while I am handy, I wouldn’t have a lot of money for fixing it up. I am excited for this opportunity but  realize this is a big responsibility as [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

 
Ask Phyllis!
 
Appraisal Descrpancies
 

Dear Phyllis,
My wife and I are first time buyers and have saved $80,000 for our down payment. Each of our parents is helping us with the remainder.  Out of five offers, our $985,000 bid was the highest. We hired an inspector and everything seemed fine, until the bank’s appraiser decided our home was [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!
Pros And Cons Of Lease Options
 
Dear Phyllis,
  Because we are cleaning up our credit and can’t get a loan we would like to try to find a rent to own opportunity.  Can you explain how these work and where we can find these listings?  
JLM

Dear JLM,
   There is no specific source for rent to own [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!
 
Selling An Empty Home vs. A Staged One
 
Dear Phyllis,
 
  Thank you for your column which I always look forward to reading.  I will be relocating my mom from Valencia and am wondering if it’s better to sell her house completely empty, or whether I should have it staged or just work with some of [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!

Realtor Responsibilities
Dear Phyllis,
  Four months ago, our home was in escrow and it was a nightmare. Our buyer’s original offer was a cash offer. He then opted to get a loan and the appraisal came in low. All of this developed after we had been in escrow for three weeks. We had already relocated [...]

Ask Phyllis!

Ask Phyllis!

Short Sale Timelines
Dear Phyllis,
  Three weeks ago, we made an offer for a short sale listing. The seller’s agent acknowledged receipt and said she forwarded our offer to the bank.  She says she still hasn’t heard from the bank and as you can imagine, we are anxious. We have a $28,000 deposit just sitting in [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!

Saving On Capital Gains
Dear Phyllis,
   My parents moved out of state two years ago and converted their home to a rental.  To avoid capital gains tax, my accountant thinks my parents should sell since it was their primary residence for at least 2 of the last 5 years from the (anticipated) date of selling.  [...]

Questions About Today’s Real Estate?

Questions About Today’s Real Estate?

Ask Phyllis!

Transferring Property Taxes
Dear Phyllis,
   Next year my wife and I plan to downsize to a smaller home or condo.  We are contemplating renting our current home and then perhaps renting something in Ventura County where we believe we want to retire. I have several questions: 1) How do I go about transferring or keeping [...]


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