Ok I have to admit this post is a bit behind. Gustavo and Maria where referred to me by is cousin who I helped purchase a home in early 2009. Gustavo was looking for a larger home to accommodate his growing family. We had our targets set for Manteca and Salida.
He wasn’t afraid to do some work so fixers where also on our radar. We found a few homes in Manteca and Salida but the market was very competitive. During our two months of house hunting we submitted three offers... and yes... it was on the lucky number thee when we received acceptance to a beautifully remodeled Fannie Mae home. This property had everything we where looking for: 4 bedrooms, 3 baths, over 2000 sq. ft and a large lot. Fannie Mae
has been over pricing most their homes to push our market higher so we initially submitted an offer under their asking price. Fannie Mae's
initial list price was $184,900 we submitted our initial offer at $170,000 our accepted price was $174,900! That’s under $100.00 per sq ft. in Salida
! Gustavo is now living very comfortably in his new home! Congrats and enjoy.
Fully rehabbed 4 Bedroom 3 bathroom home with 2070sq. ft. built in 1984.
Purchase price $174,000
Seller closing cost credit $5818.00
Down payment 10% Conventional via Bank of America
Financing at 4.875%
Payment $1,142. / Month taxes and insurance included.
$829.0 just mortgage payment without impounds.