We all know lending guidelines change constantly so it’s always best to consult a loan professional about current guidelines.Following are the basic guidelines and wait times to purchase a home after
If you're a seasoned real estate investor, you're likely familiar with the concept of 1031 exchange. If you're just starting out on real estate investment, then you're probably eager to learn about tax
Are you asking: if someone has all cash for the full purchase price can they buy a BMR if they meet the other requirements?
Thank you in advance for the clarification.
In order to intelligently answer your question would need to know what type of property - condo, house, etc... - and how many beds and baths. With this information we could offer some suggestions.
Lance R. King - Founder/Managing Broker
King Realty Group
DRE # 01384425
415.722.5549 - Cell
Now that the baton is in grasp of the final quarter of our annual relay, it’s a good time to look back and reflect. This year has been spectacular for residential real estate. Robust gains in sales and
With rising interest rates, and a decent inventory of once-in-a-lifetime home purchase opportunities, -your timing is right if you are purchaser looking to buy your first home or rental property. As
You may be a first time investor, or wanting to own a second home for investment. Do you have young adults graduating from college, getting married, starting out on their own? It's a great time to think
The answer requires more up front information. Does the borrower have another home or multiple homes? Does the borrower have a lengthy tenure with their company and can they demonstrate that they telecommute or do they travel extensively for their work? Are there specific circumstances for the 90 mile distance for instance, a special needs child that needs to see a specific doctor or can only go to a specific hospital for their health? A medium distance for a couple that works in two cities, for instance San Francisco and Sacramento? There are many details that need to be addressed before a lender can just throw out an answer to you. I have helped people that have moved from large cities that now desire a small town to live and have a flexible schedule that will allow it. I helped a guy that worked in Phoenix and his home was in Chino Valley (about 2 hours north of Phoenix), he grew up in L.A. and did not want his kids growing up in a larger city so he commuted daily. That example is not the same as what you propose but there are some common threads, you need to tell us more for the best advice. Good Luck.
Licensed Loan Originator
Amerifirst Financial, Inc.
Apply Online: www.mattpuzz.com... more
The CAR form is universal to California and most agents are familiar with CAR. SFAR or other regional contracts are usually only available to members of that board and they must be familiar with that contract. It may have language specific to conditions in SF and surrounding area. Some local agents do not know the difference, so be sure that you talk with your agent and have them go over the contract you are using.
Some contracts will include conditions which need to addressed before closing, some will make agents a party to the contract, etc. The CAR contract was written my a larger member audience, it is an AS-IS contract, agents are not a party to the contract (which they are not a party to the contract), etc.
The biggest difference is not all agents are familiar with local contracts, but all agents should be familiar with CAR as it was the only acceptable contract for the last few years in Short Sales and Bank Owned Properties.... more
SAN FRANCISCO, CA--(Marketwired - Nov 21, 2013) - Zephyr Real Estate is once again collecting donations for the annual Food and Toy drive to benefit those in need during the holiday season. As in the past,
The seller will probably not give you any discount. They will sell it for market value for the complex. I am sure there was a sale in the last 6 months in the complex and that is what market value will be above. The financing isn't really a problem with the property itself so no seller will give you a discount.
Prepare buyers for heavy documentation requirements starting in January, according to CEOs and senior executives from the biggest names in mortgage lending at the recent National Association of Realtors®
Redfin should be discounting or rebating their 'services', because they are far from a full-service company! As in anything, you get what you pay for...
There is no 'standard' commission for real estate services, btw--there are many laws which prohibit anything which could be interpreted as 'price fixing'.
The services of a true Real Estate professional include so many behind-the-scenes tasks, including the marketing, consulting, negotiating, and overseeing all of the transactional details--a 'buy here-pay here' type of website could never hope to offer anything in comparison.... more
Home buyers who make cash deposits to their checking accounts that don't come from payroll checks or income tax refunds during the processing of a mortgage likely will face delays in closing, lending experts
Back in 2004, Federal Reserve Chairman Alan Greenspan famously dissed the fixed-rate mortgage, suggesting that many homeowners were overpaying for their homes and that lenders should offer more alternatives
SAN FRANCISCO — SINGLE-FAMILY HOMESSales prices for single-family homes in San Francisco have seen minor but steady decreases since August and fell to $925,000 in October. That said, prices are still