ok, I made a offer of $160.000.00 cash offer on this house, the listing agent would not present this offer as she already had an offer in on this house it sold a mo. later for $149.000.00 this has happen to me before in graeagle. seems to be a trened in this market..... thanks Bill... more
I think the prices could reflect the homeowners ideas that this place is a vacation and tourist attraction. I live in Utah now, but I grew up in this area. It was pretty then too, but now it has been developed into a vacation and tourist destination, because of the recreational opportunities, the location, which is close To Reno NV, and some great winter skiing resorts. The lakes that surround this area are the most beautiful you ever would want to see and enjoy. Quincy which is only about 23 to 25 miles to the south, is a cute little mountain town that has Shopping, as well as Portola, which is in the other direction.
These considerations are probably what the homeowners have in mind, when setting a selling price on their homes. Sometimes homeowners have a hard time really seeing the market values on their homes, for what they really are.... more
I'm guessing that your contract does not stipulate what happens if the tenants aren't gone. If so, that's too bad. We always address those situations so that it's clear what happens, but I don't see how mediation will help you unless there is something the seller can do.
First thing would be to find out what eviction laws are and go from there and I would have the seller pay any other fees associated with the delay.... more
With 50% down, there are lots of private lending sources you can use, even with bad credit. There is a loan out there for just about anybody, but you will not get the low interest rates and terms you can get from a conventional lender. You may have to pay higher fees than from a conventional lender. The loan term will be short... one to five years usually.
Don't dismiss this kind of loan... it may be exactly what you need. This may be a good way to get into the home, then when your credit is fixed, you can refinance and get the good rates. By then, you should also have more than 50% equity because of appreciation. Talk to a Loan Broker, not a bank about finding these loan sources. Banks are conventional lenders. Loan Brokers have many sources for financing.
FNMA has some loan programs on their own Foreclosed properties that are more lenient regarding credit, too. Go to the FNMA site and find links. A Loan Broker may also be familiar with these loans.... more
Portola, California is located in Plumas County. just 1 hour north of Truckee and 1 hour northwest of Reno, Nevada. The Plumas County building department is relatively easy to deal with. For more information about sloped lots, contact the county office at (530) 283-7011.... more
In the state of NJ, the banks require that we keep taking offers until they have accepted an offer and all contingencies of that offer have been met.
I am only basing my information on NJ and suggest you speak to your agent or the listig agent (whoever submitted your offer to the bank on your behalf) but I believe that you were making an offer based on certain criteria and disclosures by the bank,,,those criteria have changed. I believe if you ask your agent to resubmit your office acknowledging that you are aware of the oil spill, you will again be on the table.
Your question interested me because I had this happen to one of my listings (except I did not fill the oil tank -the owner did) and we became aware of the situation during the buyer's inspections. It took almost a year to get the property cleaned up along with health officals certifications as to ground water quality that needed to be done every 3 months for year. This might not be true in your state but it will still get complicated...perhaps you should speak to an insurance specialist and your mortgage reps to make sure that don't have special requirements too with regards to this issue...... more
wait.............sellers and agents are resistant to lowering their prices. My guess is, if they can hold on, these people are hoping the government money will help buoy the local RE market. Unemployment is way up still!!! Houses are sitiing for months. Unheard of in this area. Take a look at the Trulia MLS for PV and you will see many large price reductions. 2 houses have dropped their prices over one million dollars!!! $100000 reductions are common Over 5 houses in "pre-forelosure" Make sure you make the appraisal part of your agreement because they are not coming in. My guess is that tis time next year July 2010 will be safer to buy. Jumbo loans are still difficult to get and this type of loan is the bread and butter in PV... more