Also, have your agent solicit other homes in the area that may suit your needs and network their associates before they hit the M.L.S. In the industry we call it â€œPocket Listingsâ€ something that we know that will be coming up soon but not ready for the M.L.S.
Have them attend Marketing Session Meetings with other realtors â€“ deals do happen that way.
Lesley Harris, Realtor
You will also need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.
If you have credit issues, your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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Well this is definitely a conversation you should be having with your Realtor. They should be advising you of other options. You do have options but it will be a matter of looking at fixers, waiting on short sales, dealing with banks on REO's etc...
let us know how it works out for you....
Your agent will preview the properties and will know if they will be acceptable to you. The degress of 'repairs' should have been discussed at your buyer consultation.
I had a client that bought a dumpy house with the owner's possessions still in it last summer. They put in $30,000 and it is gorgeous, they still need to landscape and paint the outside. But it is on a cul de sac, extra large yard and detached double car garage. I had to drag the buyers back there 4 times before they finally saw the potential. Likely they will never move because it is such a great location.
You are at the point now, after learning the market to make those decisions. Once you find that house, you need to jump on it and offer a fair market value price, regardless of the asking price. You need an aggressive agent, that is looking for those houses and making sure your offer has everything needed the first time so you beat out the competition.
I'll send you the list I have, email me, then ask your agent about these properties. I see on Faust, above the freeway that is smaller than what you want, but is a great location and has been upgraded for under $475,000. There are other possibilities, don't give up.
First Team Real Estate
562 494 6760
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Because there are so few,,you MUST be working with an aggressive Realtor, one who will go out & door knock for you if necessary and one who will also target owners that are in default & has experience in Short Sales. If you have patience for a short sale, you can get wholesale pricing. If your agent hasn't brought up this idea, chances are likely they're unwilling or don't know how to talk to owners in this situation.