Home Buying in 92336>Question Details

eknutson90, Home Buyer in San Diego, CA

I am looking to buy a house in san bernardino county close to the 210 freeway. the houses i have been putting offers are not taking.

Asked by eknutson90, San Diego, CA Sat May 11, 2013

I am approved for 239k and with down payment of 9k with fha. i cant seem to find a house in this range with this. any help would be nice> how can i get a seller to pick my offers over other people?
Thank you

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8
Hello eknutson90

As of today 5-11-2013 there is 14 homes (3 + bedrooms) listed on the MLS under $245k in the 92336 North Fontana zip code with only a few of them North of Baseline which would bring you closer to the 210 fwy. North Fontana is typically the priciest but depending on the type of home your looking for you may want to venture over to South Fontana 92337 were you can still find many homes in this price range that are in the 1980's and newer. North Fontana out of that 14 homes, 8 of them were older than 1980. I work the area and I will say if your looking for newer homes that this area will be very competitive and you may need to look at a lesser price (under $240k) so you can come in a bit high but once again when coming in over the listed price on some listings you may need too pay the overage out of pocket and sign off on the appraisal contingency. If you have some extra cash on hand over your downpayment and closing costs then you may consider coming in strong on the right property. Offers asking for closing costs may get less consideration at this time. This area is very competitive at this time and you are in a very competitive price range.

Call me for more advice or if I can assist you in your search for your new home.

Prudential
JOHN SANTANA
(909) 230-8300
JohnSantana4homes@yahoo.com
DRE LIC 1463515
1 vote Thank Flag Link Sat May 11, 2013
Do you have an agent who represent you? If so she/he would be the first person that you need to consult. Your agent should be your advisor, source of knowledge, and go to person. It is part of service!

Here in Dallas is pretty much a seller's market and we see a lot of multiple offers. Obviously sellers will choose the strongest buyers such as those with 20% down payment with full price or above asking price offer. Better yet, some buyers are cash buyers. Looking at property as soon as the property hits the market is also important and if you like the property and the area, I would suggest not to wait. Often time I find buyers who want to wait and think about it for a few days. Well, in sellers market they will miss out on the home especially if the home is nice and ready to move in. Another suggestion is to make the term friendlier to the sellers. For example, if sellers need 45 days before they can move out and you agree to it (if your situation allows) and don't ask for their fridge or washer and dryer for free as you don't know how they will react to it especially if you are competing with other offers.

I hope this helps and good luck,
Susie Kay, Realtor®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
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United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
1 vote Thank Flag Link Sat May 11, 2013
Good evening eknutson90,
As I am sure you have experienced that inventory in the 92336 area is limited. Based upon your approved loan amount of $239k, It may be a good idea to try searching a little further east; i.e. Rialto or San Bernardino. I suggest you at least explore these areas since there is more inventory within your price range. I can ensure you that you will be able to find a newer home in the 3+ bedroom range. I'd be more than happy to assist you. Please visit my web-site at http://www.greaterloans.com, or contact me at (909)380-6132 for more information....
0 votes Thank Flag Link Wed Dec 11, 2013
Good evening eknutson90,
As I am sure you have experienced that inventory in the 92336 area is limited. Based upon your approved loan amount of $239k, It may be a good idea to try searching a little further east; i.e. Rialto or San Bernardino. I suggest you at least explore these areas since there is more inventory within your price range. I can ensure you that you will be able to find a newer home in the 3+ bedroom eange. I'd be more than happy to assist you. Please visit my web-site at http://www.greaterloans.com, or contact me at (909)380-6132 for more information....
0 votes Thank Flag Link Wed Dec 11, 2013
Eknutson,
I would love to assist you with your concern. I work as a listing agent and buyers agent. Therefore, I am familiar with what it takes to receive an acceptance. Lets get started on your new purchase. I can send you a few listings to get you started!

Niradia Demmings
323 209 7677
ndemmings@ziprealty.com

My reviews:
http://www.ziprealty.com/agent/ndemmings
0 votes Thank Flag Link Mon Jul 15, 2013
Here in the IE, homes are selling really quickly, usually the first day. And on day one, a seller can expect more than 10 offers with about 1/2 of them being cash. You definitely need to work with a Realtor who knows how to structure a purchase offer in a nice package. Part of that is writing an intro letter from you to the seller with a bit of personal info. This makes it personal to the seller as well. And as Jose said below, don't ask for services such as home warranty,etc. But one of the best things sellers want is shorter time frames for things like the home inspection periods. If you are working with a Realtor already, and it sounds like you are, ask them questions in regards to these types of things and how it would affect you as well as the seller.
0 votes Thank Flag Link Tue May 14, 2013
I can go over other financing options with you that will better assist you to get into escrow. You may qualify to buy with a minimum 580 fico score and 3.5% down or as low as half percent down payment programs. You may qualify for 3% down conventional with a minimum 700 fico score and 5% down conventional with NO Mortgage insurance (Lender paid MI) with a minimum 620 fico score. If you are asking for any closing costs concession from the seller, that is probably what is going on with your offers going to the bottom of the multiple offer stacks.

You may consider half percent down payment and pay your own closing costs which will strengthen your offers. You may consider premium financing to cover portions of your closing costs as well. It only takes a few dozen questions to qualify you and go over the loan programs to fit your needs the best financially. Here are some links to study and consider that I offer.

http://www.under640ficoscoreloans.com/Pages/Conventional.aspx

http://www.under640ficoscoreloans.com/Pages/FHA.aspx

http://www.under640ficoscoreloans.com/Pages/JumboLoan.aspx

http://www.under640ficoscoreloans.com/Pages/CHDAPLoans.aspx

http://www.under640ficoscoreloans.com/Pages/HalfPercentDown.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
9am till 9pm 7 days
http://youtu.be/MrygA2_8fAY
0 votes Thank Flag Link Sun May 12, 2013
Good Morning,

Writing an offer in which you as the buyer asks for little in return such as not asking the seller to pay for your closing costs, termite inspection/repair or a home warranty is a good start.

Let me know if I can be of further assistance.

Regards,

Jose Ixmay
0 votes Thank Flag Link Sun May 12, 2013
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