Andre Bohbot Realtor
Residential & Commercial for Buyers and Sellers
PHONE:  323 255-1440 DIRECT:  310 467-1870
355 N. Canon Drive, Beverly Hills, CA 90210

F.A.Qs

Here is a collection of frequently asked questions that I have put together to help you in buying or selling a home. If you have any other questions, not listed here, feel free to call or send an e-mail.

By clicking on any of the questions below, you may view the answer.

Filter:

Buyers

Can a home depreciate in value?
Is an older home as good a value as a new home?
What are closing costs?
What does FSBO mean?
What is a "One-Time Show" listing?
What is a broker?
What is a contingency?
What is a debt-to-income ratio?
What is a Multiple Listing Service (MLS)?
What is a REALTOR®?
What is an escrow officer?
What is homeowners association (HOA)?
What is the difference between being prequalified and preapproved for a loan?
What is title insurance?
What's the Difference between a "Listing Agent" and "Selling Agent"?
Why should I use a real estate agent?

Mortgage

Are lenders limited in the amount of escrow funds they can collect from borrowers?
Can I pay my own taxes and insurance?
How can I avoid private mortgage insurance?
How is interest calculated on a mortgage loan?
How long does the loan process take?
How much time will it take to close my loan (sign the loan documents)?
Is there a minimum credit score?
Must I use the mortgage company that my builder directs me to?
Should discount points be paid to lower (buy down) an interest rate?
What are the benefits of doing a first and second lien conbination?
What benefits do I receive from private mortgage insurance?
What do I do if I receive a tax statement?
What does Prepaid Interest mean?
What does the origination fee cover?
What is a gift letter?
What is a lock in?
What is an ARM loan?
What is an escrow account?
What is my credit score and how is it calculated?
What is PITI and what does it stand for?
What is preapproval or prequalification?
What is underwriting?
Why did my mortgage payment amount change?
Why does the title have to be cleared before I can get a mortgage?
Why is the Annual Percentage Rate (APR) on the Truth in Lending Disclosure higher than the rate shown on my note, which is the rate I thought I chose?

Sellers

Can I back out of my contract with one buyer and accept a new, higher offer from a second buyer?
Do I have to sell to the person with the highest offer?
How should I price my home?
Is there a "best time" to put my house on the market?
What are comparables or comps?
What are disadvantages of pricing my home on the high end?
What does an appraisal mean?
What is a counteroffer?
What is an "Exclusive Right to Sell" listing?
What is an "Exclusive Agency Listing"?
Who is responsible for making repairs, if any, as a result of home inspection reports conducted for the buyer?
Why should I use a real estate agent?
Andre Bohbot
Nelson Shelton & Associates
Ph: 323 255-1440Fax:310 271-0879
355 N. Canon Drive
Beverly Hills, CA 90210 US
CA DRE License # 00932613
www.andrebohbot.com
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Hello every one. I would like to introduce myself and my new affiliation with Team ERA. I was born in Casablanca, Le Petit Paris of Morocco. At the age of sixteen I emigrated to Israel. I served in the Israeli infantry for three years, studied and graduated from a culinary college in Haifa and worked for six years with Zim Cruise liner. During a trip to France I was lucky enough to meet my partner in life, Madeleine. After the birth of our son, we moved to Paris. We owned and operated very successful restaurants and in 1982 we decided to sell everything and move to the sunny and beautiful Los Angeles, California! Once in Los Angeles, we invested and created Restaurants and clubs, The El Rey (Wall Street at that time) and the world famous Spice in Hollywood, just to name a few. We entertained several celebrities like Janet and Jermaine Jackson, Joe Pesci, Eddy Murphy, Prince, Billy Idol, Guns N'Roses , Stevie Wonder, And many more. During this time, Madeline and I studied and became Realtors. That was in 1984. Today, we represent clients in buying and selling of properties and also we acquired some for ourselves. We love to buy restore and give a new life to vintage homes. We also build, from the foundation and up, new homes for us and for clients. We entertain partnerships in new ventures as well. As a Realtor, Certified Short Sales and Foreclosure Resource, Member Era Distinctive Properties, knowledge in Probate sales, REO negotiation and Loans scenario; I can provide buyers and sellers the most if not all expectations in their goals - in California, France or Israel. Additionally, my team and I speak several languages. I love what I do in Real Estate exclusively for the past 10 years. Real Estate is my passion in addition to traveling around the world. Andre Bohbot DRE # 00932613 www.AndreBohbot.com
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