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Kaye Thomas/ Real Estate West
MVP'08
"Your Top Real Estate REsource for the Beach Cities"
- 340 Helpful Answers
- 338 Answers
- 4 Listings
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Kaye Thomas/…’s Questions (45)
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Kaye Thomas/…’s Answers (338)
Kaye Thomas/ Real Estate West answered:
A conventional loan with a bank or mortgage company doesn't have the 90 day waiting period. Neither does VA so either would work for you.
Kaye Thomas/ Real Estate West answered:
That depends on the terms of the existing loan and the balance on that loan. As Sean noted the seller can pay off the existing loan and hold the first Trust deed just like the bank would. If the existing loan doesn't have a due on sale clause then the seller could do an AITD( all inclusive trust deed) and wrap the first within a new loan. However if the loan has a due on sale clause this could create issues for the buyer if the existing lender calls the loan due. I think you need more information about what the seller plans before you decide if this is a good option for you.
Kaye Thomas/ Real Estate West answered:
If you haven't found a home yet then you may find that prices in Manhattan Beach are finally coming down. Prices have decided about 20% overall. Most sellers have realized that we are in a changing market and there are some deals to be had in Manhattan Beach.
Now that doesn't mean prices are not still on the high side... they are. Prices in most beach communities are well above those in surrounding communities. The good news is that lower prices and the return of jumbo loans to the market mean a buyer who wants to buy now may just find a deal or two or three.
Now that doesn't mean prices are not still on the high side... they are. Prices in most beach communities are well above those in surrounding communities. The good news is that lower prices and the return of jumbo loans to the market mean a buyer who wants to buy now may just find a deal or two or three.
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