Check free real estate information website such as http://www.searchq.com for a free property report. You can see if the notice of default has been filled or any lien or judgement on the title of the property... more
Check rent's on Craig's list or contact a professional property manager with Cal Narpm, they can assist you in the decision analysis.
If you do buy the condo, make sure you get the correct insurance, H06 landlord policy that will protect you for loss of income and rents, liability and wrongful eviction.... more
If you proceed make sure you review the HOA insurance coverage's and also get an H06 Condo insurance policy to protect your personal property and liability, if your going to rent the Condo to a tenant you will need a Landlord policy and have the tenant get a renter's policy and name you, as the owner, as an additional insured. This will give you a layer of liability and loss of rental income in the event of a claim.... more
Crystal Ranch is probably the best community we have in Concord. I lived close to Crystal Ranch for 15 years and absolutely loved it. I currently have a beautiful listing right by the Tennis courts next to Crystal Ranch. The link is provided below. Check it out.
Help-U-Sell Allied Realty
I would have to agree that a 4 bedroom home has an edge over a 3 bedroom home in terms of value. We often see buyers that are looking for 4 bedroom home but rarely encounter ones that are seeking a room sized walk in closet in the master.
If your purpose is one of increasing the home's value, there are likely many other options that could be considered to accomplish this. My vote, leave the bedroom arrangement as it is and let the future owner make the adjustments as the see fit.
There could be several options available to you with a 560 credit score. Although the best pricing is reserved for those with great credit history.
HERE ARE A FEW OPTIONS
With a 560 you can get a loan up to 96.5% of the homes value. If you cannot come up with the 3.5% down payment there are a few down payment assistance programs that are available in the Contra Costa County Bay Area deeding on your income.
There are also several Portfolio or Private money options that might fit you depending on exactly what is going on with your credit.
You may be best served working on repairing your credit though... do you know what is effecting your scores?
It may be possible to remedy your credit issue and do a "Rapid Re-score" to increase your credtt and get you the best loans available.
Rapid re scores are not very expensive and if it would be helpful we can show you specific things that you can do in order to get the scores that you need.
Rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made.... more
Voluntary liens are liens that you agree to. A mortgage is a good example of this. You pledge your house as collateral for loan. The opposite of this is an involuntary lien. Like a tax lien - you didn't sign up for it, but if you don't pay your taxes you will end up with a lien on your property.
If this helps, please select this as the best answer :)... more