Won bidding war, but appraisal is below offer price, what to do?

As a buyer's agent, I first review the appraisal carefully to make sure the value is supported and there aren't better comparable sales that were missed. If the appraisal stands, I discuss all options with my client, including asking the seller to reduce the price, splitting the difference, requesting seller credits, or challenging the appraisal if appropriate. In some cases, bringing additional cash to closing makes sense, but only if the buyer is comfortable with the investment. If the numbers no longer work, the appraisal contingency may provide an opportunity to renegotiate or walk away. Every transaction is different, and the best solution is the one that protects the buyer while giving the deal the best chance to close.

My best friend and I want to buy a house together. What happens if we want to separate later?

I always recommend having a written co-ownership agreement that explains how expenses are shared, what happens if one person wants to move out, how a buyout would work, and when the home should be sold. Also, remember that moving out doesn't remove someone from the mortgageaEUR"they remain responsible until the loan is refinanced or paid off. Choosing the right way to hold title and discussing possible life changes in advance can help avoid costly disputes later. Planning ahead protects both your friendship and your investment.

What's better to take an equity loan out on the house I own and buy another house and then move or t

It depends on your finances and the current market. If you have enough equity and can comfortably qualify for both loans, a home equity loan can help you buy before you sell, making your move less stressful. However, selling first can reduce debt and lower your financial risk. I recommend speaking with both your real estate agent and lender to compare your options and choose the one that best fits your budget and goals.

What would you advise if I were your client ?

If you were my client, I'd recommend negotiating a longer rent-back period or extending the closing date to give you more time to secure your next home. If the buyer is paying cash and wants your property, they may be flexible if you communicate your timeline clearly. Another option is to make your purchase contingent on the seller finding a replacement home. If neither side can extend, consider a short-term rental or temporary housing so you don't lose a strong buyer. The key is to keep both transactions moving while protecting your interests and avoiding unnecessary risk.

Is buying a condo a bad investment compared to a single-family home?

I wouldn't call a condo a bad investment. It really depends on your goals. If you're buying your first home or want less maintenance, a condo can be a smart choice. Single-family homes often have more potential for appreciation, but I've also seen condos perform very well in the right location. Before you buy, take a close look at the HOA, monthly dues, reserve funds, and any planned special assessments. The best investment isn't always the biggest homeaEUR"it's the one that fits your budget, lifestyle, and long-term plans.

what's the best way to split property with family?

Since there are three siblings involved, the first step is to meet with a real estate attorney or estate attorney to make sure the title is transferred correctly and ownership is clearly documented. Many families also create a written co-ownership agreement that explains each person's ownership percentage, how rental income and expenses will be divided, who will handle maintenance, and what happens if someone wants to sell their share in the future. If you plan to rent the property, treat it like a business. Open a separate bank account for the property, keep detailed records of income and expenses, screen tenants carefully, and use a strong lease agreement. In California, it's also important to understand landlord-tenant laws before renting. Clear communication and a written agreement from the beginning can help prevent misunderstandings and protect everyone's interests down the road.

Can I buy land in California and live on it in an RV?

Yes, in some cases, but it depends on the city or county where the land is located. Many people consider buying land and living in an RV to save money, but California has different zoning and land-use rules in every area. Some counties allow RV living under certain conditions, while others only allow it temporarily or require a permit. In many places, you may also need approved utilities such as water, sewer or septic, and electricity. Before buying land, I always recommend checking the local zoning and planning department to make sure your plans are allowed. It's much easier to verify the rules first than to discover restrictions after you've purchased the property.

Should I worry about landslides when buying a home in Rancho Palos Verdes?

The Portuguese Bend landslide is a real concern, but it affects specific areas of Rancho Palos VerdesaEUR"not the entire city. Many neighborhoods remain stable and continue to be desirable places to live. As a buyer, I recommend reviewing the Natural Hazard Disclosure (NHD) report, checking whether the property is located within or near a known landslide zone, and asking about any past movement, repairs, or geotechnical reports. It's also important to verify insurance availability and speak with your home inspector if there are any concerns. Rancho Palos Verdes offers beautiful homes and incredible views, but every property should be evaluated on its own. Working with a knowledgeable local real estate agent can help you identify potential risks and make an informed decision with confidence.

How do I dlsell my half of a shared mortgaged property

You can absolutely sell your interest in the property, but since it's an FHA loan with your dad, there are a few important steps. The easiest option is for your dad to buy out your share. In most cases, he would need to refinance the mortgage into his name alone (if he qualifies) and pay you your share of the equity. If that's not possible, the two of you can sell the home together, pay off the FHA loan, and split the remaining proceeds based on your ownership agreement. Selling only your half to someone else is usually difficult because the mortgage remains tied to both borrowers, and most buyers aren't interested in purchasing a partial ownership interest with an existing co-owner. I'd recommend speaking with a local real estate agent and your lender first. They can review how the property is titled, determine your available equity, and help you choose the option that makes the most financial sense.

How do I cancel a listing agreement?

A listing agreement is a contract between you and your real estate broker, so it can't always be canceled unilaterally. The first step is to review the terms of your agreement and speak with your agent or their broker. In many cases, if both parties agree, the broker can sign a Cancellation of Listing form and release you from the contract. If you're considering canceling because of poor communication or unmet expectations, I recommend discussing your concerns first. Many brokers would rather resolve the issue than have an unhappy client. If you still decide to move on, make sure you receive written confirmation that the listing agreement has been terminated before hiring another agent.

Can I qualify as a first-time homebuyer?

Yes, you may qualify as a first-time homebuyer even if you've owned a home before. For many loan programs and down payment assistance programs, a " first-time homebuyeraEUR? is someone who has not owned a primary residence during the past three years. That said, eligibility varies by program. Some have income limits, purchase price limits, or require you to occupy the home as your primary residence. There are also exceptions for certain buyers, such as single parents or individuals who previously owned a home that wasn't permanently attached to a foundation. Before assuming you don't qualify, it's worth speaking with a knowledgeable lender or Realtor. I've worked with buyers who were surprised to learn they were eligible for first-time homebuyer benefits again after several years. A quick review of your ownership history and goals can help determine which programs are available to you.

Where do I find an independent appraiser?

A licensed real estate appraiser is the best choice if you need an official appraisal before selling. You can find one through the California Bureau of Real Estate Appraisers, or your real estate agent can recommend a reputable local appraiser. That said, if your goal is simply to determine the best listing price, I'd recommend starting with a comparative market analysis (CMA) from a local Realtor. A CMA is typically provided at no cost and compares your home to similar properties that have recently sold, are currently on the market, or were listed recently. It gives you a strong understanding of your home's current market value and helps you price it competitively before deciding whether you also want a formal appraisal.

Realistic estimate of what my home will sell for?

The most realistic way to estimate what your home will sell for is to compare it with similar homes that have recently sold in your neighborhoodaEUR"not just homes that are currently listed. Active listings show what sellers are hoping to get, while closed sales show what buyers were actually willing to pay. A good pricing strategy also depends on several factors, Pricing at or slightly below market value can generate more interest and even multiple offers. The best way to determine your home's value is to have a local real estate professional prepare a Comparative Market Analysis (CMA). It's based on recent sales, current competition, and local market trends, giving you a much more accurate estimate of what your home is likely to sell for in today's market.

my family is low income SSI and social security can we still buy a house

Yes, it may still be possible to buy a home in California, even if your household income comes from Social Security or SSI. The first step is speaking with a lender, since eligibility depends on your overall financial situation, not just the source of your income. If you receive Social Security retirement or disability benefits, that income can often be used to qualify for a mortgage if it meets the lender's guidelines. SSI can be more challenging because it's a needs-based benefit, but it's still worth discussing with a knowledgeable loan officer. You may also qualify for first-time homebuyer programs, down payment assistance, or local and state programs designed to help lower-income buyers. Some buyers purchase with a family member or co-borrower if additional qualifying income is needed. If buying right now isn't possible, don't get discouraged. A lender can review your situation and let you know what steps would improve your chances, whether that's reducing debt, increasing savings, improving your credit score, or exploring different loan programs. My advice is to start with a conversation rather than assuming you don't qualify. You may have more options than you think, and a good lender can help you find the program that's the best fit for your situation.

Is it better to list with a discount brokerage to save on commission?

A lower commission can be attractive, but it shouldn't be the only factor when choosing a listing agent. Selling a home is about much more than the fee. The right agent can help you price the home correctly, market it to the right buyers, negotiate effectively, and guide the transaction from start to finish. Some discount brokerages provide excellent service, while others may offer fewer marketing tools or less personal attention. Before making a decision, ask what is included. Will you get professional photography, strong online exposure, open houses, prompt communication, and experienced negotiation? Saving on commission doesn't always mean you'll walk away with more money. If a home is priced well, marketed properly, and negotiated skillfully, it may sell faster and for a higher price, which can more than make up for the difference in commission. I always encourage sellers to compare the value and level of service they're receiving, not just the cost. In the end, the goal is to maximize your net proceeds, not simply minimize the commission.

My home been on the market for 117 days what should I do ?

A home that's been on the market for 117 days is usually telling you that buyers see something that isn't matching their expectations. It doesn't necessarily mean there's something wrong with the houseaEUR"it could be the price, presentation, marketing, or simply how it compares to competing homes. If you've already reduced the price five times, I wouldn't recommend raising it back up. That can confuse buyers and make them wonder what's changed. Instead, I'd take a step back and review the entire strategy. Ask your agent: Are the listing photos and video showcasing the home at its best? Is the home being marketed beyond the MLS and major real estate websites? What feedback have buyers and agents consistently given after showings? How does your home compare to similar homes that have sold recently, not just those currently for sale? Relisting may help in some situations, but it's not a magic solution. If nothing else changes, you'll likely get the same result. Before relisting, make sure there's a fresh marketing plan, updated photos if needed, and a pricing strategy based on today's market. If you're not confident in your agent's marketing or communication, it's okay to have an honest conversation or even get a second opinion from another Realtor. Sometimes a new perspective can make all the difference. The right combination of pricing, presentation, and marketing is what gets homes soldaEUR"not just another price reduction.

house valued 780,000. I wanna sell as is, but don't want to get low balled. what a good price?

Based on what you've shared, I wouldn't rush to accept a $480,000 offer without first confirming the home's current market value. A home being sold "as is" does not automatically mean it should sell at a steep discount. The right price depends on its location, condition, recent comparable sales, and the cost of needed repairs. Since you mentioned the property is in foreclosure, it's also important to know that California law provides certain protections that may give homeowners additional time to market and sell their property. Under California Civil Code Section 2924f, as amended by AB 2424 (effective January 1, 2025), qualifying owner-occupied residential properties of four units or fewer may be eligible for a postponement of the foreclosure sale if specific legal requirements are met, including entering into a listing agreement, listing the property on the MLS, and providing the required documentation to the trustee and lender within the timeframes established by law. If a purchase agreement is obtained, additional time may also be available to complete the sale. That means you may have more options than simply accepting the first investor offer. Before making a decision, I would recommend: Having a local Realtor prepare a Comparative Market Analysis (CMA) based on recent as-is sales. Estimating the actual cost of repairs so buyers aren't overstating renovation expenses. Marketing the property to the open market instead of negotiating with only one buyer. Competition often leads to stronger offers. Speaking with your lender or a qualified foreclosure attorney to confirm what deadlines apply to your specific situation. If the home's fair market value is anywhere close to the number you mentioned, a $480,000 offer would certainly deserve a closer look before accepting. Every foreclosure timeline is different, so getting advice early can help protect your equity and give you more choices.

Is Zillow actually giving buyers the full picture, or are we missing better tools?

Zillow is a great starting point, but I wouldn't rely on it as your only source. No single website shows every home that's available. My advice is simple: work with a REALTORA(R) who can set up a customized MLS search, monitor new listings daily, and network with other agents about upcoming opportunities. You'll have access to more information than any single website can provide, and you'll be less likely to miss the right home. In today's market, technology is helpfulaEUR"but having an experienced agent who knows the local inventory and stays connected with other professionals is still one of the biggest advantages.

Is buying a home near a golf course a good investment?

Buying near a golf course can be a great investment if you value views, privacy, and strong resale appeal. However, don't overlook the downsides, such as stray golf balls, maintenance noise, HOA fees, or optional club memberships. In California, review all seller disclosures, HOA documents, and check with the city about any future development plans for the golf course. A beautiful view is valuable, but thorough due diligence is what makes it a smart investment.

Should I consider accepting contingent offers from buyers?

Yes, but don't focus only on whether an offer has contingencies. Focus on how strong those contingencies are and whether the buyer is likely to remove them on time. In California, it's common for offers to include inspection, appraisal, and loan contingencies. These protect buyers for a limited period while they complete inspections, secure financing, or confirm the home's value. A contingent offer isn't necessarily weak if the buyer is well-qualified and the timelines are reasonable. Once you accept an offer, you generally can't accept another offer unless the first contract is canceled or the buyer fails to perform. If a better offer comes in, your agent can usually accept it as a backup offer, which becomes active only if the first escrow falls through. Under the California Residential Purchase Agreement (RPA), buyers are typically expected to remove contingencies by the agreed deadlines. If they don't, the seller may issue a Notice to Buyer to Perform, giving the buyer (generally 2 days under the standard RPA, unless modified) to remove contingencies or otherwise comply before the seller considers canceling the contract. As a seller, I'd recommend looking beyond the purchase price. Review the buyer's financing, down payment, contingency periods, requested credits, and closing timeline. The strongest offer is often the one most likely to close smoothly, not simply the highest number.

is now a bad time to sell in california?

Not necessarily. Higher interest rates have changed the market, but they haven't stopped homes from selling. The key is pricing your home correctly and understanding what today's buyers are looking for. If inventory is still limited in your area and your home is well-priced and well-presented, you may still receive strong interest. In fact, some sellers benefit from less competition because fewer homeowners choose to list when rates are high. One thing to keep in mind is that buyers today are more price-sensitive than they were a few years ago. They compare homes carefully, and an overpriced listing may sit on the market longer. That's why a pricing strategy based on recent comparable salesaEUR"not yesterday's marketaEUR"is so important. From a legal standpoint in California, there is no law preventing you from selling because interest rates are high. However, sellers still have important legal obligations, including: Completing all required seller disclosures, such as the Transfer Disclosure Statement (TDS) and the Seller Property Questionnaire (SPQ) when applicable. Complying with all contractual obligations once an offer is accepted, including agreed-upon contingency timelines and disclosure deadlines. Following federal Fair Housing Act and California Fair Employment and Housing Act (FEHA) requirements by treating all buyers fairly and without discrimination. Before deciding whether now is the right time to sell, ask yourself: What are similar homes in my neighborhood selling for today? How much equity do I have? What is my reason for sellingaEUR"moving, downsizing, upsizing, or relocating? Those factors are usually more important than interest rates alone. Every market is local. Before listing, I recommend having a Realtor prepare a Comparative Market Analysis (CMA) so you can see what buyers are actually paying in your neighborhood. With the right pricing and marketing strategy, many California homes continue to sell successfullyaEUR"even in a higher-rate environment.

How do I write a real estate offer "love letter"?

If you want to write a letter, I recommend keeping it professional and focused on the property, not on personal information. Here's what I suggest including: Thank the seller for considering your offer. Mention what you genuinely appreciate about the home (the layout, garden, craftsmanship, views, or how well it's been maintained). Express your commitment to the purchase and explain that you're prepared to move forward smoothly. Reassure the seller that you're financially qualified and working with experienced professionals. Keep the letter briefaEUR"one page or less. I would avoid including personal details that could reveal protected characteristics, such as: Race or ethnicity Religion National origin Family status (for example, "our children will love the backyard") Disability Any other information protected under the federal Fair Housing Act or California's Fair Employment and Housing Act (FEHA) Example Dear Seller, Thank you for taking the time to review our offer. We truly enjoyed touring your home and appreciate the care you've put into maintaining it. We especially loved the bright living spaces and beautiful backyard. We have submitted our strongest offer and are fully committed to making this a smooth transaction. We are pre-approved, understand the responsibilities of homeownership, and look forward to working with you toward a successful closing. Thank you again for your consideration, and we wish you all the best in your next chapter. This type of letter keeps the focus on the home and the transaction, while reducing the risk of Fair Housing concerns. As a California Realtor, that's the approach I recommend if a buyer insists on including a letter.

What Documents Do I Need To Buy A House In California?

To buy a home in California, you'll need more than just an accepted offer. Having the right documents ready can make your offer stronger and give sellers confidence that you can close on time. Here's what I recommend having before you start shopping: Government-issued photo ID (driver's license or passport). Mortgage pre-approval letter from a reputable lender. This is one of the most important documents because it shows a seller that your finances have already been reviewed. Proof of funds for your down payment, closing costs, and earnest money deposit (such as recent bank or investment statements). Income documentation, which your lender may request, including recent pay stubs, W-2s, tax returns, or, if you're self-employed, two years of business and personal tax returns. Employment verification and permission for the lender to review your credit history. If you're paying cash, you'll typically need proof that the funds are available, such as bank or brokerage statements. To make your offer more competitive, consider including: A strong pre-approval rather than just a pre-qualification. A substantial earnest money deposit, if appropriate. Proof that your down payment funds are readily available. Flexible closing terms that meet the seller's needs. Once your offer is accepted, you'll also receive and sign several California-specific documents, including the Residential Purchase Agreement (RPA), seller disclosures such as the Transfer Disclosure Statement (TDS) and, when applicable, the Seller Property Questionnaire (SPQ), as well as escrow and title documents. From a legal standpoint, California has several important protections for buyers: Sellers are generally required to disclose known material facts about the property's condition through documents such as the Transfer Disclosure Statement (TDS) under California law. Buyers have the opportunity to investigate the property during agreed-upon contingency periods, such as inspection, appraisal, and loan contingencies, if those contingencies are included in the purchase agreement. Both buyers and sellers are protected by the federal Fair Housing Act and California's Fair Employment and Housing Act (FEHA), which prohibit discrimination during the home-buying process. The stronger and more organized your documentation is, the more confidence you'll give a seller that your transaction will close successfully. In a competitive market, that confidence can be just as valuable as the purchase price.

What should I not negotiate when buying a home?

Negotiation is a normal part of buying a home, but how you negotiate matters just as much as what you negotiate. In my experience as a California Realtor, here are a few things buyers should avoid: Making unrealistic low offers without market support. A very low offer can offend a seller and may cause them to reject your offer without making a counteroffer. Requesting repairs for minor cosmetic issues. It's usually better to focus on significant health, safety, or structural concerns identified during the inspection. Asking for everything at once. Requesting a large price reduction, extensive repairs, seller credits, and personal property can make the offer seem unreasonable. Ignoring the seller's priorities. Sometimes a flexible closing date or rent-back agreement is more valuable to the seller than a slightly higher purchase price. Making demands outside the contract. Your Realtor should communicate professionally through the terms of the purchase agreement rather than informal requests that can create confusion. Negotiations should never be based on a person's race, religion, national origin, disability, family status, or any other protected characteristic. The goal isn't to "win" every negotiationaEUR"it's to reach an agreement that works for both parties. A respectful, well-supported negotiation often leads to a smoother transaction and a better chance of getting your offer accepted.

Do I need to share my financial info with my realtor?

Yes, you can. As a Realtor, I don't need to see your tax returns, bank statements, pay stubs, or other sensitive financial documents. Those documents are typically reviewed by your lender, not your real estate agent. What I do need to know is enough information to help you find the right home and write a competitive offer. That usually includes: Your maximum budget. Whether you're paying cash or obtaining financing. Whether you've been pre-approved by a lender. Any important timing or financing considerations that could affect your offer. In many cases, a pre-approval letter is all your Realtor needs to know that you're qualified. Your lender can verify your financial strength without sharing your personal financial details with your agent. The exception is if you're making a cash offer. In that case, the seller will typically require proof of funds with the offer. Many buyers allow their Realtor to submit that document on their behalf, but you can discuss with your agent how to protect your privacy. Some financial institutions can provide proof of funds that omits account numbers and other sensitive information. California Realtors also have a legal duty to protect their clients' confidential information. Under the California Business and Professions Code and the fiduciary duties owed by a real estate licensee, your Realtor must keep your personal and financial information confidential and use it only to represent your best interests. A good Realtor will respect your privacy while still making sure your offer is as strong as possible. If you prefer to keep your financial information between you and your lender, simply let your Realtor know. Most agents will be happy to work within those boundaries as long as they have the information necessary to represent you effectively.

What do I need to buy land in California?

* Work with a local Realtor who has experience with land sales. * Check zoning to see what the property is legally allowed to be used for (residential, commercial, agricultural, etc.). * Confirm the land is buildable by checking with the city or county planning department. Ask about building restrictions, setbacks, minimum lot size, and whether the property has legal access. * Verify utilities such as water, sewer (or septic), electricity, and gas. Bringing utilities to vacant land can be expensive. * Review environmental and hazard maps, including flood zones and fire hazard areas. * Obtain financing or proof of funds. Many land purchases require a larger down payment than a home. In California, local zoning ordinances, the California Environmental Quality Act (CEQA), and local building regulations may affect what can be built on a property. If the land will need a septic system, well, or grading, additional county or state permits may be required. The best way to find land is through the MLS with a Realtor, as well as other reputable real estate websites. Before you buy, always verify buildability with the local planning departmentaEUR"not just the listing description.

Do you need 20 down to buy a house in California?

No, you do not need a 20% down payment to buy a home in California. Many buyers purchase with much less. Conventional loans may allow as little as 3% down for qualified buyers, FHA loans require 3.5% down, and VA and USDA loans may offer 0% down for eligible borrowers. Keep in mind that putting down less than 20% on a conventional loan usually means paying private mortgage insurance (PMI) until you reach enough equity. A larger down payment can lower your monthly payment, but it's not required. The best loan option depends on your financial situation, so it's a good idea to speak with a trusted lender before you start shopping.

How much money do you need to buy a house in California?

There isn't a single income requirement to buy a home in California. It depends on the home's price, your down payment, interest rate, monthly debts, credit score, and the type of loan you qualify for. For example, someone buying a $600,000 home with a larger down payment may need a different income than someone buying the same home with only 5% down. That's why lenders look at your debt-to-income (DTI) ratio, not just your salary. In general, many loan programs prefer a DTI of 43% or less, although some qualified borrowers may be approved with a higher ratio depending on the loan program and lender guidelines. Besides your down payment, you'll also need to budget for: Closing costs Property taxes Homeowners insurance Mortgage insurance (PMI), if applicable HOA dues, if the property is part of a homeowners association To strengthen your buying power, I recommend: Getting pre-approved before you start shopping. Maintaining a strong credit score. Reducing existing debt when possible. Saving enough for both your down payment and closing costs. In California, buyers are also protected by federal and state Fair Housing laws, and lenders must comply with federal lending regulations, meaning loan decisions cannot be based on protected characteristics such as race, religion, national origin, sex, disability, or family status. The best way to find out how much home you can comfortably afford is to speak with a trusted lender and obtain a mortgage pre-approval. That will give you a clear price range and help you shop with confidence. As your Realtor, I work closely with lenders to help buyers understand their options and find a home that fits both their lifestyle and their budget.

Can a foreigner buy property in California?

Yes. Foreign nationals can buy property in California, even if they are not U.S. citizens or permanent residents. There is no California law that prohibits most foreigners from purchasing residential real estate. The requirements are generally the same as for U.S. buyers, with a few additional considerations: Proof of identity, such as a valid passport or other government-issued identification. Funds for the purchase, including the down payment and closing costs. If you're paying cash, you'll need to provide proof of funds. Financing, if needed. Some U.S. lenders offer mortgage loans to foreign nationals, but they may require a larger down payment, additional financial documentation, or foreign credit references. Tax identification. If the buyer does not have a Social Security number, they may need an Individual Taxpayer Identification Number (ITIN) for certain tax purposes. A U.S. bank account is helpful, although it's not always required. Foreign buyers should also understand a few important legal and tax considerations: California requires sellers to provide legally required property disclosures, including the Transfer Disclosure Statement (TDS) and other applicable disclosures, regardless of the buyer's citizenship. If a foreign owner later sells the property, the sale may be subject to the Foreign Investment in Real Property Tax Act (FIRPTA), which can require withholding of a portion of the sale proceeds for federal tax purposes. California may also have separate state withholding requirements in certain situations. Federal Fair Housing laws and California's Fair Employment and Housing Act (FEHA) prohibit discrimination based on protected characteristics, including national origin. Before purchasing, I also recommend that foreign buyers work with: An experienced California Realtor. A lender familiar with international buyers (if financing). A real estate attorney or tax professional if they have questions about U.S. tax obligations or ownership structure. With the right guidance, foreign buyers can successfully purchase and own property in California. The process is very achievable with proper planning and a knowledgeable real estate team.

I have bad credit. Can I buy a house?

Yes, it's still possible to buy a home, but it will depend on more than just your credit score. Your lender will look at several factors, including your income, debt-to-income (DTI) ratio, employment history, down payment, and overall financial profile. In your situation: If your credit is low, you may still qualify for certain loan programs, such as an FHA loan, if you meet the lender's requirements. If your mother has good credit but only retirement income, that income may still count if it's stable and can be documented. The lender will determine whether it's sufficient to qualify. If you apply together, the lender will evaluate both borrowers' financial information, including income, debts, assets, and credit. Depending on the loan program, the lower credit score may affect the interest rate or loan eligibility. If you don't qualify today, don't lose hope. A good lender can often help you create a plan to improve your chances, such as: Paying down credit card balances. Correcting any errors on your credit report. Avoiding new debt before applying. Saving for a larger down payment. Waiting a few months if your credit is improving. Under the Equal Credit Opportunity Act (ECOA), lenders cannot deny a loan based on factors such as race, religion, national origin, sex, marital status, age (if legally able to contract), or because you receive lawful retirement or public assistance income. They must evaluate your application using legitimate lending criteria such as creditworthiness, income, assets, and debt. My advice is to speak with a trusted mortgage lender before you start shopping for homes. A pre-approval will tell you exactly where you stand and what options are available. You may be closer to homeownership than you think, and if not, you'll know the specific steps needed to get there.

Do I have to pay CA Taxes if I purchase a Rental property?

Yes, most likely. Owning a rental property in California generally means that rental income generated from that property is considered California-source income, even if you live in another state. Here's how it typically works: California income tax: If your California rental property generates taxable income, you'll generally need to file a California nonresident income tax return and report that California-source rental income. Federal income tax: You'll also report the rental income and expenses on your federal tax return. New York taxes: As a New York resident, you may also need to report your worldwide income on your New York tax return. In many cases, New York provides a credit for taxes paid to another state, but you should consult a tax professional to determine how that applies to your situation. Keep in mind that you may be able to deduct eligible rental expenses, such as: Mortgage interest Property taxes Insurance Repairs and maintenance Property management fees Depreciation Certain utilities and operating expenses If you're renting the property to family members, there are additional tax rules to consider. For example, if you charge below-market rent or allow family members to use the property as a personal residence, the IRS may treat the property differently, which could limit certain rental deductions. From a real estate perspective, buying an investment property in California is common for out-of-state buyers, but it's important to understand both the ownership costs and the tax implications before purchasing. Because your question involves both California and New York tax laws, I recommend speaking with a CPA or tax advisor who is familiar with multi-state taxation. They can help you comply with both states' filing requirements and ensure you're claiming all available deductions.

Selling a house after divorce

I'm sorry you're going through this. Since you and your ex-husband don't communicate, finding the right Realtor is just as important as getting the home ready to sell. Here's how I'd recommend finding one: Interview at least 2"3 Realtors and ask specifically if they've handled divorce-related home sales. Look for someone who is neutral, organized, and a strong communicator, not someone who tends to take sides. Read online reviews and look for comments about professionalism, communication, and handling difficult transactions. Ask if they're comfortable coordinating with both parties, attorneys, escrow, and the title company when needed. Make sure they're willing to communicate separately with each of you if that's what the situation requires. During your consultation, don't hesitate to ask: "How would you handle a sale when the two owners don't communicate?" "How do you manage disagreements about pricing or offers?" "How do you keep both parties informed throughout the transaction?" Since the divorce decree already requires the home to be sold, be sure to provide a copy to your Realtor and escrow company so they understand the terms of the sale. The right Realtor should do more than market your homeaEUR"they should help keep the transaction organized, reduce conflict, and guide both parties toward a successful closing. Look for someone with experience, patience, and a calm, professional approach. Those qualities can make a big difference in a divorce sale.

Selling my fire damaged home

I'm sorry your family is going through this. The good news is that you can sell a fire-damaged property in California, and many investors, builders, and cash buyers specifically look for homes in this condition. Before you sell, I recommend taking these steps: Speak with your insurance company to understand the status of your claim. Depending on your policy and the terms of the sale, insurance proceeds and ownership rights may be affected. It's important to know whether your claim will continue after the property is sold. Consult a Realtor to determine the property's current "as-is" market value. Don't rely on a single investor's offeraEUR"exposing the property to the open market often results in stronger offers. Obtain multiple offers. Cash buyers can close quickly, but they aren't always the highest bidders. Discuss your timeline. If you need funds for a down payment on your next home, your Realtor can help coordinate the timing of your sale and purchase. In California, sellers are legally required to disclose known material facts that affect the value or desirability of the property. A prior fire and the extent of the damage are material facts and must be disclosed to buyers. Depending on the transaction, you'll likely complete documents such as the Transfer Disclosure Statement (TDS) and other required seller disclosures. If your home is still subject to an insurance claim or has unresolved liens, permits, or code enforcement issues related to the fire, those should be reviewed before listing the property so there are no surprises during escrow. A fire-damaged home can still have significant valueaEUR"especially if the land is desirable or rebuilding is feasible. Before accepting an offer, have an experienced local Realtor prepare a comparative market analysis and discuss all of your options. You may be able to sell the property, use the proceeds toward your down payment, and move your family into your next home sooner than you expected.

What can I do if I disagree with the home appraisal?

Yes. You do have options, and a low appraisal doesn't automatically mean you need to lower your price. First, have your Realtor review the appraisal for incorrect information or weak comparable sales. If there are better recent sales that support the agreed price, the buyer can ask their lender for a Reconsideration of Value (ROV). If the appraisal remains $10,000 low, you can: Ask the buyer to cover the appraisal gap. Negotiate and split the difference. Reduce the price if keeping the deal together makes sense. Review whether the buyer has an appraisal contingency, which may give them the right to cancel if the property doesn't appraise. I wouldn't immediately reduce the price by $10,000. For a relatively small appraisal gap, I would first challenge legitimate errors and then negotiate. A good Realtor should provide strong comparable sales and work with the buyer's agent and lender to protect your price while keeping the transaction moving forward.

How do I buy a house with a friend?

Yes, you can buy a home with a friend, but you should protect yourselves before you purchase. As a Realtor, I recommend: Get pre-approved together to determine your buying power. Have a California real estate attorney prepare a co-ownership agreement explaining each person's down payment, mortgage responsibility, repairs, and expenses. Include an exit and buyout plan. Yes, one friend can buy out the other's ownership interest if one wants to leave. Decide how you'll hold title, such as tenants in common or joint tenants, because each has different legal consequences. Plan for what happens if you disagree. In California, a co-owner may ultimately seek a partition action, which can potentially force the sale of the property. Buying with a friend can work very wellaEUR"just treat the financial side like a business arrangement. Put everything in writing before closing, especially how you'll handle a future sale or buyout.

What is a quick sale in real estate?

A quick sale simply means selling a home faster than the usual timeframe. This may happen when a seller needs to move quickly because of a job relocation, divorce, financial situation, inheritance, or another personal reason. To sell quickly, I usually recommend pricing the home correctly from the beginning, making it ready for showings, marketing it well, and considering buyers who are financially prepared to close quickly. A quick sale does not necessarily mean you have to sell your home for less than it's worth. The goal is to find the right balance between getting a good price and closing quickly. Also, don't confuse a quick sale with a short sale. A short sale is completely different and usually involves selling a property for less than the amount owed, with the lender's approval. A good Realtor can help you create the right strategy based on how quickly you need to sell.

Can I cancel listing agreement if I don't want to sell?

Yes, you may be able to cancel the listing and go back to renting the property, but first check the listing agreement you signed. If you signed an exclusive listing agreement in California, it is a contract for a specific period of time. You generally shouldn't assume you can simply cancel it without the broker's agreement. I would start by talking openly with your Realtor: " We've decided we don't want to sell anymore and would like to withdraw the property and rent it instead.aEUR? In many situations, the agent and broker will agree to cancel the listing. Before signing a cancellation, check whether your agreement includes any cancellation fee, reimbursement of marketing expenses, or protection period that could apply later. And remember, you're not required to accept an offer just because it's below your asking price. If the market isn't giving you the price you expected, keeping the property as a rental may simply make more sense for you right now. My advice: talk with your Realtor and broker first and review the cancellation terms together before making the final decision.

Should I use my max pre approval amount?

You definitely don't have to spend your maximum pre-approval amount. Think of the pre-approval as the most a lender may be willing to lend youaEUR"not necessarily the amount you should spend. I always tell buyers to focus on the monthly payment they're comfortable with, not just the purchase price. Remember, your monthly housing costs can include the mortgage, property taxes, homeowners insurance, HOA dues, and possibly mortgage insurance. Before deciding on your price range, ask your lender to show you the estimated total monthly payment at a few different purchase prices. Then choose the amount that still leaves you comfortable paying your other expenses, saving money, and enjoying your life. You may qualify for a $900,000 home, for example, but if the payment on a $750,000 home feels much more comfortable, there's nothing wrong with staying at $750,000. My advice as a Realtor: don't buy based on what the bank says you can afford. Buy based on what you feel comfortable paying every month. A home should give you stabilityaEUR"not financial stress.

What are signs that an area is declining?

As a Realtor, I always tell buyers: don't just look at the houseaEUR"look at what's happening around it. A beautiful home can be renovated, but you can't change the neighborhood. Some things I would pay attention to are: More vacant or neglected properties and homes that aren't being maintained. Businesses closing and storefronts staying empty for long periods. Homes consistently selling for less or taking much longer to sell compared with nearby areas. A growing number of distressed properties or foreclosures. Major employers leaving the area or fewer new businesses and investments coming in. Changes in local infrastructureaEUR"roads, parks, transportation, and public spaces that aren't being maintained. Future development and zoning plans that could significantly change the neighborhood. I also recommend visiting the neighborhood at different times of the day and on weekends. Drive around, visit local businesses, and see how the area actually feels rather than relying only on online information. For the 10+ year picture, I would look at long-term home-price trends, planned development, employment growth, transportation projects, and city planning/zoning information. No one can guarantee what a neighborhood will look like in 10 years, but doing this research can help you make a much more informed decision.

Can my house not be photographed?

Yes, absolutely. It's your home, and you can set reasonable rules about photography and video during showings. Tell your Realtor that you do not want buyers or visitors taking photos or videos inside the property, and ask the agent to clearly communicate that rule before and during showings. A simple " No Photography or VideoaEUR? notice can also be placed at the entrance. Since you already have professional listing photos, buyers can refer to those. If you're comfortable allowing additional photos after an accepted offer, you can make that your policy. I would also recommend removing or securing family photos, documents, valuables, and anything especially private before showings. Your goal is to sell your home, but you don't have to give up your privacy to do it. A good Realtor should respect your concerns and help manage showings accordingly.

" Date the rate, marry the houseaEUR? is a catchy real estate phrase, but I wouldn't take it literally. What it really means is: buy the right home now if you can comfortably afford the payment, and if mortgage rates drop enough in the future, you may have the option to refinance. Refinancing means replacing your existing mortgage with a new loan at a new rate and terms. But there's no guarantee rates will go down, and you can't simply choose a lower rate later. You would have to qualify for a refinance, and refinancing comes with closing costs and fees. So as a Realtor, I would never tell someone, " Don't worry about today's paymentaEUR"you can refinance later.aEUR? My advice is: make sure you can comfortably afford the home with today's rate. If rates drop later and refinancing makes financial sense, consider that a bonusaEUR"not the plan.

How do I compete with cash offers?

You can absolutely compete with cash offers. Cash isn't always the seller's only priority. With 20% down and strong credit, you're already a strong buyer. I would focus on making your offer as solid as possible: Get fully underwritten, if your lender offers it, rather than just pre-approved. Offer a competitive price based on the property's value. Keep contingencies and timelines reasonable and attractive to the seller. Increase your earnest money deposit if appropriate. Be flexible with the seller's preferred closing or possession date. Have your lender communicate with the listing agent to confirm how strong your financing is. I wouldn't recommend automatically waiving important protections just to beat a cash buyer. Sometimes the cleanest, safest offer winsaEUR"not necessarily the cash offer.

Should I avoid buying a home at the bottom of a hill?

Not necessarily, but I would investigate drainage carefully before buying. Homes at the bottom of a hill can receive more runoff during heavy rain, which may increase the risk of standing water, foundation moisture, erosion, or flooding. Before buying, I would recommend checking the property's drainage system, looking for signs of previous water damage, reviewing the flood risk, and having a qualified inspector evaluate the property. Also ask the seller about any known past drainage or flooding issues. A lower location isn't automatically a deal-breakeraEUR"the important question is whether the property is properly designed to handle the water.

Can I sell my half of a duplex?

YesaEUR"if your side of the duplex is truly separately deeded as its own legal parcel or separate interest, you can generally sell your unit without your neighbor selling theirs. California law recognizes separately owned units/lots in common-interest developments and permits transfer of a separate interest. Before listing, I would have your Realtor and title company confirm the legal description, APN, title, and any CC&Rs or shared agreements covering things like the roof, driveway, walls, insurance, or maintenance. As for your neighbor, you may not be legally required to get their permission simply because you're selling your separately owned property, but I would still give them a friendly heads-up. You'll continue sharing certain responsibilities with whoever buys your unit, so keeping a good relationship makes sense. My advice: confirm the title first, review any shared-property agreements, and then list your side just like any other separately owned property.

How long is a normal buyers house search agreement?

It's normal for an agent to ask you to sign a buyer representation agreement, but you should feel comfortable with both the agent and the terms before committing. In California, as of 2026, an individual buyer's agreement cannot exceed 90 calendar days, and it cannot automatically renew. Any renewal has to be agreed to and signed again. But you don't have to agree to the full 90 days. The length and other terms can be negotiated. As a first-time buyer, if you're unsure about the relationship, you could ask for 30 days initially and extend it if you're happy working together. Also, read the termination section carefully before signing so you understand exactly how you can end the relationship if it isn't working. California law requires the agreement to address contract termination. My advice: It's reasonable for an agent to ask for commitment, but it's also reasonable for you to want a trial period. A good working relationship should feel comfortable for both sides. Improve accuracy for structured artifacts Upgrade your plan and use the frontier Pro reasoning model to create clear

Are Open Houses a waste of time ?

No, I don't think open houses are a waste of time. Will every person who walks in be a serious buyer? Of course not. But an open house gives your property more exposure, lets buyers experience the home without scheduling a private appointment, and gives the agent valuable feedback. In NAR's 2025 buyer survey, 43% of buyers rated open houses " very usefulaEUR? and another 50% " somewhat useful.aEUR? As a seller, though, I would expect my agent to have a plan. That means promoting the open house, having property information available, talking with visitors, identifying genuine interest, and following up afterward. A sign-in sheet isn't what sells the house, but I personally like having a way to capture visitor information and follow up with interested buyers or their agents. So I wouldn't say, " Open houses don't work.aEUR? I'd say an open house without good marketing, engagement, and follow-up can become a missed opportunity. Even the California DRE recognizes open houses as a useful way to market a property, highlight its selling points, and gather buyer feedback for the seller.

Angela Tadevosyan

JohnHart

2 Years of Experience

$3M

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Altadena, CA Arcadia, CA Burbank, CA Calabasas, CA Canoga Park, CA Chatsworth, CA Duarte, CA Encino, CA Glendale, CA Granada Hills, CA La Canada Flintridge, CA La Crescenta, CA Monrovia, CA Montrose, CA Moorpark, CA Mount Wilson, CA North Hills, CA North Hollywood, CA Northridge, CA Panorama City, CA Pasadena, CA Porter Ranch, CA Reseda, CA San Fernando, CA San Marino, CA Sherman Oaks, CA Sierra Madre, CA Simi Valley, CA Studio City, CA Sun Valley, CA Sylmar, CA Tarzana, CA Toluca Lake, CA Tujunga, CA Universal City, CA Valley Village, CA Van Nuys, CA West Hills, CA Winnetka, CA Woodland Hills, CA

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About Angela Tadevosyan

A career in real estate seemed predestined for Angela Tadevosyan. Her former boss, recognizing her focus and determination, advised her to obtain her real estate license to transfer to the company's real estate department. Even her pastor recognized her gift, suggesting she follow a path to helping others through real estate counsel.

Angela grew up in Armenia, moving to California in 2005. Today, she's elevating clients across the Greater Los Angeles area to their highest real estate goals, whether residential or commercial. Tapping into her experience as a florist, she understands the flourishes that make a property stand out and events, such as open houses, that much more memorable. If you're looking for a real estate agent who's as loyal as she is respectful, reach out to Angela today!

OTHER LANGUAGES

Russian, Armenian, English

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Florist designer

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Real Estate - California - # 02240083

Specialties

Buyer's Agent
Foreclosure specialist
Listing Agent
Property Management

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Answered Questions

What is the strangest reason someone refused to buy a home?

One of the strangest reasons a buyer refused to purchase a home involved a family with two daughters. After finding the right house, they took a week to discuss it with their relatives and ultimately decided not to buy. Their reason was simple: they expected their daughters to get married soon, leaving just the couple. They felt it didn't make sense to take on a larger mortgage when they would soon need less space. It was an unexpected decision, but it showed how personal family plans can influence real estate choices.

Answered by Angela Tadevosyan | Jackson, MI 49201, USA | 85 Views | Working With an Agent | 4 months ago

How do I know if a neighborhood is going up or down?

I always tell my buyers to look at what's changing in the area. Are new businesses opening? Are homes being fixed up? Is the city investing in roads, parks, or schools? Those are usually good signs. I also check home prices, how quickly homes are selling, and crime trends. No one can predict the future, but looking at these things together gives you a pretty good idea of where a neighborhood is headed.

Answered by Angela Tadevosyan | San Francisco, CA, USA | 173 Views | Working With an Agent | 4 months ago

What should I look for when buying a home?

When buying a home, I would look at the location, price, and overall condition of the house. I would also check if it is safe, close to schools, stores, and work, and if it fits my budget. It is important to look for any repairs the house may need and understand the monthly costs, like taxes and insurance. Taking time to compare different homes and getting a home inspection can help you make a smart decision.

Answered by Angela Tadevosyan | Salinas, CA, USA | 232 Views | Working With an Agent | 4 months ago

How do interest rates affect the timing of selling a home?

nterest rates are definitely important, but they shouldn't be the only reason you decide when to sell your home. When rates are lower, more buyers can afford a home, so you may see more interest and stronger offers. When rates are higher, some buyers may pause, but well-priced homes in good condition still sell. The best time to sell really depends on your personal goals, your local market, and your home's value. Before making a decision, I recommend talking with a local real estate agent who can show you what's happening in your neighborhood and help you choose the right timing. Every situation is different, and the right strategy can make a big difference.

Answered by Angela Tadevosyan | San Marcos | 217 Views | Working With an Agent | 4 months ago

Do I need to pay off solar panels before selling a house?

It depends on how your solar panels are financed. If the panels are owned and financed with a loan, you don't always have to pay off the balance before selling. In some cases, the buyer may agree to assume the loan if the lender allows it. However, many sellers choose to pay off the loan through the sale proceeds to make the transaction smoother and more attractive to buyers. If the panels are leased or under a power purchase agreement (PPA), the buyer usually needs to qualify and agree to take over the agreement, or the seller may need to buy it out. Every situation is different, so it's important to review the solar contract early in the selling process and discuss the best option with your real estate agent and escrow officer.

Answered by Angela Tadevosyan | Watsonville, CA, USA | 426 Views | Working With an Agent | 4 months ago