If the mortgage broker did his job before giving you a pre-approval letter then there will be no problem. If not he will be liable for any of your loses from issuing a pre-approval letter that was incorrect.
It really depends on the size of your home, how many people you have living there, and how energy efficient the home is. You have to pay the sanitation department around $80 every 3 months unless you have a septic tank. The water bill for my family of 8 is about $120 a month. Gas and electric vary big time, especially depending on the weather. In winter I use electric heaters and my bill goes up to around $180, but in the summer we barely need a fan or 2 to keep cool and the bill is around $70. The gas is generally under $100, and that runs my dryer, water heater, and oven (which are all used daily). The trash service is about $62 every 3 months. You should probably add another $100 for basic cable/phone/internet service. Hope this helps.... more
I have been looking in the Lake Gregory and surrounding area for quite some time, for my own reasons i did not buy yet. However, I highly recommend Kamryn Crisp, who works with cash investors who buy the cheap homes. She also works directly with buyers, and is very responsive. She is a true professional and everyone in the area of realty in the Lake Gregory and other areas knows her,
Not legal to sell a house twice. Were you asked to cancel the escrow? Did the seller send you notice to perform? NO agent in their right mind would knowingly permit two escrows open at the same time on the same property. It puts the seller in a highly litigious situation. You need to contact your agent's broker. You need to contact the Listing Agent's (the one who represents the seller) Broker too. You need to contact the seller. Do this directly. do not wait for your agent or the List agent. Speak directly to the brokers. If the person who opened escrow after you, closes first, you will have to battle it out in court (suit for performance against the seller) and then would only get monetary compensation if you win.... more
A back up offer means the agent is looking for other offers. For some reason, he/she is not confident in the current buyer. I would have your agent contact the listing agent and find out what is up with this particular home and why they are looking for other offers. That may help you decide if you want to go through the trouble and write an offer or not.
I have seen many buyers get homes by means of a back up offer. So, find out first what is going on and then you will be able to make up your mind.
Joan Patterson, B.A., A.S.P., G.R.I., Realtor
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, Ca 91730
Yes Doris it is a great time to buy here. Our prices are good, you can buy a very nice home for $250,000 or less. We are in a resort community, it's a small town feel, and we have a beautiful lake in town to go swimming in! We are only about 15 minutes from the freeways, junction of 215, 30, 210. The 210 just opened up all the way so it really only takes about 35 minutes to get to the 57, and with little traffic, about an hour to go to Pasadena. Our home values are remaining stable, unlike at the bottom of the hill.
Take care, and if you have any further questions or would like me to email you some listings, please let me know.... more