It all depends on how the contract is written. A few topics that you may wish to cover with your Local agent:
1) Are you allowed to sublease?
2) How much option money are you putting down?
3) What is the term of the lease?
4) What amount goes towards the purchase price?
5) Do you think the value of the property will increase in the option period?
6) Is it a house you would wan't to own and an area you like to live in, vs. just rent in?
7) What will change between now and the purchase date regarding your ability to get conventional financing?
It's nice to have such an addendum on paper. However, by itself it doesn't ensure anything. If the seller doesn't vacate as agreed, then you'll have to file a notice to perform and hope he complies. Or, you can retain a lawyer who can discuss your options available.... more
Thank you for your question on Trulia. There are Condos in Anaheim and Buena Park in that price. Please provide me with your email address and I would be more than happy to forward those links to you. Feel free to contact me. Have a wonderful Thanksgiving!!
Look no further for a GREAT lender! I have access to many lenders that can get you a fantastic rate. Feel free to give me a call or email to discuss rates.
First Capital Mortgage
Direct: (310) 434-1718
Cell: (310) 995-0975
Fax: (310) 451-6407
It is unfortunate that your mortgage broker got a bit ahead of himself with your loan conditions. However, as you can imagine, it is highly unusual for someone to have not filed their 2011 tax returns, and not to know about it. I do not think that this error makes him unethical, just as you not knowing your that your 2011 tax returns were not processed does not make you irresponsible.
File your tax returns, wait a month for the IRS to have a chance to process them, and proceed with your refi. It sounds as it closing your Citi credit card is something you need to do in order to qualify for the refi, whether it be today or 2 months from now. The more time that passes between closing your Citi card and your refi, the easier the refi will be.
Pick up the phone and call a real estate professional in the area of your interest.
You will know they are legit because a professional will be registered with the state of CA.
If the agent you call does not handle rentals, the agent will refer you to another agent within the office who does. Repeat the process until you connect.
NOTICE: Do no use the 'contact' button or Trulia email. CALL!... more
Not sure as my crystal ball is not functioning today. Will say, that in my area, the winter prices & fact there are less Buyers in the pool at that time will keep market flat or a tick down in my opinion.... more
Pretty simple. You need to get in touch with a lender. Be prepared with last 2 pay stubs, 2 months bank statements, and last 2 tax returns. Any agent on here can refer you a lender if you need a reference. Just ask.
Best of luck... more
It's hard to say if you have an option to cancel escrow and get your deposit back without seeing the contract. However, I recommend that you speak with your Realtor about your agreed upon inspection period. Are you still within that period? If so, you have an ability to cancel escrow. Also ask your Realtor about the 3 day right of cancellation based on the Transfer Disclosure Statement. That could be another way for you to cancel the escrow and get your deposit back. Good luck!
Thanks for your inquiry.
If you build a home, it might cost you more than just getting a bigger home.
Interest rated for puchase are so low... so You will really have to calculate constuction costs vs buying and selling cost.
I will be happy to assist you with this 'research'...
Over the past 40 years prices have gone up a lot further than they've gone down, since I bought my first house in Irvine, for $28,500. I paid $1 down, with a 7% VA loan. I still remember my first payment, including taxes and insurance - $252. per month.
The answer to the question is this: If you buy today, and own the property for more than 5 years, it will go up, at least keeping up with inflation. That's why the property above is now worth a good 15 x what I paid for it.... more
Absolutely! And it might be to your advantage. I'd welcome the opportunity to sit down and discuss the marketing options with you. Depending on location, amenities, etc., we could then decide if that's the best approach for you, or if you'd be better served marketing it as a single family home. All information regarding the property should be considered when making this decision. Please give me a call at 714-742-3997 to discuss your situation.
Hi, it's Jeremy Lehman, we spoke about your home's value awhile back.
I wouldn't do it. 4 bedrooms is good, and 1350 is very common for the area. If you make the house larger, it will sell for less money per spuare foot. You'll make the house more desireable than others, but that isn't necessary right now because of the strong demand throughout Orange County.
Call me when you get a minute today to discuss.