Home Buying in 92663 : Advice

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Cindy Davis, Real Estate Pro in San Diego County, CA
Cindy Davis answered:
can a seller of a shortsale condo back out in the middle of banks processing . Can he go with a higher offer later made?
If the seller signed a purchase contract with a buyer, then no, the seller can't usually back out. If the lender does not approve the contract, you can then open up to other buyers.
1 vote Share Flag Wed Jan 2, 2013 Home Buying in 92663
Brian Wilson, Real Estate Pro in Laguna Niguel, CA
Brian Wilson answered:
I like to know if a short sale is in progress with the banks, can the seller back out and decide they dont want to sale to that particular person.
Happy New Year Sharin,

As mentioned previously your Realtor may have put in specific language in the contract that may have an effect on what you can do or not. You will need to re- ... more
1 vote Share Flag Wed Jan 2, 2013 Home Buying in 92663
Carol Iversen…, Real Estate Pro in Newport Beach, CA
Carol Iversen Lee answered:
Is this really a good buy http://www.trulia.com/homes/California/Newport_Beach/sold/1619014-3601-W-Balboa-Blvd-Newport-Beach-CA-92663
This property was a great buy - have not seen one come up at that price since it sold.

Both units were beautifully upgraded and the rents commanded were top dollar for that area.

... more
0 votes Share Flag Wed Dec 12, 2012 Home Buying in 92663
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Son renting in CA. To buy property in parents name for son. Parents renting in MD. Also want retirement home in CA within 1 year of son purchase.
Hello William, The best way is for your son to buy owner occupied for the lowest rates and terms and if needed a non occupying co-borrower may be needed for qualifying purposes. You can ... more
0 votes Share Flag Thu Nov 15, 2012 Home Buying in 92663
(Rick) Amrit…, Real Estate Pro in Eastvale, CA
(Rick) Amrit Bakshi answered:
either there are very few sales in 92663 or Trulia is late in reporting sales since no sales show sinc 7/15.
I have noticed that many listings are also not posted on Trulia since their information may not always be up to date. Also some Realtors' or their brokers prefer not to desiminate their ... more
0 votes Share Flag Fri Apr 20, 2012 Home Buying in 92663
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