Approximately 1% to 1.5% of the purchase price is a good estimate for escrow and title fees, depending on the escrow/title company used. For a $350,000 condo, this would be approximately $3500 to $5250.
Are you interested in purchasing a condo in the 91007 area? Send me an email at JamieTian@RodeoRE.com with your search criteria and price range and I would be happy to email you a list of properties currently on the market that fit what you are looking for.
Feel free to contact me directly at (310) 717-1321 or JamieTian@RodeoRE.com with any questions/concerns.
Fluent in Mandarin Chinese... more
Sounds like the Craigslist listing is a scam.
A great price, right? Owner is out of town, right? All he needs is a deposit and he'll send you the keys, right?
Scam, scam, scam.
Use a real estate agent to check out the property, make sure it's really for rent, etc. Sounds as if it is at the higher price.
Hope that helps.... more
It's always best to work with someone that has many years of experience. Even if it is only for 6 months , the level of understanding you will obtain will be beneficial for the rest of your career.... more
As you've heard about bubbles, people always say "it's different this time." So, while we could be at the beginning stages of a bubble, here's what different about this time:
Buyers are paying cash for properties.
Without financing, this means the market won't pop due to distressed owners. However, as soon as these cash investors find a more preferable investment, which seems unlikely, then the market could pop.
As for how soon, it's impossible to tell. From what I've been seeing, we could be in the midst of a 3-5 year cycle.... more
Arcadia school have not change the boundary for a very long time. The only time a school would change the boundary is because the number of students drop or no longer need in this area. Far as everyone live in Arcadia area know, new students numbers are only increasing and show no sign of slowing down anytime soon. Let me know if that answer your question?... more
Hi Lady Miss Morin,
There are three steps that have to take place before a property can be sold as a foreclosure. Here's a quick diagram explaining the process of actually getting to the status of an actual foreclosure and being sold to the Bank or a 3rd Party transferring via a Trustee's Deed:
I would just caution you if the property listings are from RealtyTrac, which is a company who advertises "foreclosure listings" on Trulia. RealtyTrac's primary objective is to separate you from your $$$ in exchange for providing information most any Realtor® can provide you for FREE.
As far as having the most up to date listing information for ACTIVE listings team with a local Realtor® who can set you up with an automated search for what you can afford.
BEFORE you start seeing property, obtain a "True Pre-Approval" (your most important step in my opinion).
You MAY need to improve your credit score, increase cash reserves, etc. before buying; however, at least you will have a roadmap to eventually purchasing if this is the case. Furthermore, this step can save you from wasting money on a purchase that does not close escrow!
"Retail Banks vs. Mortgage Broker/Bankers"
Yes, 203k is for remodeling up to the maximum FHA loan limits which is up to $729,750 for Los Angeles county. You can fund with up to 6 months of payments while remodeling. You should get pre-approved today and I can email you listings to study and consider and then you can look at and submit offers on homes of your choice. Here is a list of the documents you need to gather for processing a loan approval. It only takes a few dozen questions to qualify in minutes.
You can do streamline 203k with between 5k and 35k and close within 45 days. Here are some links to study and consider. I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify for programs, rates and terms.
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
9am till 9pm 7 days
A $300,000 house with $10% down is a $270,000 mortgage.
$270,000 mortgage at 3.75% payment including principal, interest, taxes and insurance will equate to about $1,700 per month.
Assuming you not only have great credit but a monthly income that can support this mortgage and any other debts you may have, then there are homes "close by"
I suggest you meet with a Loan Officer and get a pre-approval letter to find out exactly what you can buy. Then call an Agent in your area. I strongly recommend Shannon Chang 626-319-8545. She is extremely knowledgeable, helpful and reliable.... more
For all homes (condos, townhomes & single family) as well as all types of sale (reo, in foreclosure, short sales) and as of 2/1/2012+ for solds, here is the averae price per sqft for homes in Arcadia 91007:
Active on the market for sale: $373.70
Please contact me directly if you have any other questions.