Chris,
Fresno and Clovis is definitely a family based community (Clovis being the epitomy of suburbia) but we do have some personality to offer. Our "hip place" would probably be what we call the Tower District in downtown Fresno. This is where you'll get an Indie vibe. Granted, it's more scaled down then you would find in LA or the bay area but this area you'll find more character and less of a commercial feel. Being downtown Fresno there is a mix of bad neighborhoods and charming neghborhoods. I don't know if most young professionals would want to live in that neighborhood but there's a good chance they'd find themselves down there at the bars and dance clubs.
A more commercialized but popular area in Fresno is Riverpark in north Fresno. For young professionals, this is the area I'd recommend as it is chock-full of restaurants with great Happy Hours, outdoor shopping and a large movie theater, etc. There are nice, affordable neighborhoods and condos nearby. And, it's only 10 minutes from Tower District if they want to get away from the typical chain-restaurant, commercial monotony.
Hope this helps more than Ron's pessimistic view of Fresno.... more
crimereports.com is the best site ever. I've searched address's with the 93711 zip code and I'd give it a 5. 93720 (woodward Park) is the safest you'll get in Fresno. Woodward Park is safe, gorgeous, and is in the clovis unified school district. It's also more expensive there than other places in fresno, but that's because of it's safety, beauty, and local shops nearby, also clovis schools (which a beautiful and way better compared to central and fresno unified)... more
Thanks everyone for your quick response. Condo/Townhome is what I had in mind because SFH may not be within my budget. Also with condos/townhome I need to worry about HOA - I need to sit down and work on numbers to see how much rent I can generate for a 2 bedroom 1 (or 2 bath) condo/townhome subtracting the HOA.
Thanks.... more
There's no time limit, but it's probably a waste of time. There's an open escrow, usually offers go on backup until the current buyer removes their contingencies. Even though you would offer more than asking, who's to say the current buyer didn't offer more as well. If you did sumbit your offer and it turns out it ended up being higer than the offer they currently have, seller can't cancel them and take your offer because the seller is already under contract.... more
As Ron said, there is a big difference over 4 units. Residential properties are 1-4 units, anything over that is a commercial property and the game changes. You really need to consult with an experienced RE agent and loan officer to first determine what you are trying to accomplish.... more
John is correct; we will not put personal information on a website:
I can tell you that the house is in the process of foreclosure and has been for some time.
It could be LISTED by the Bank soon, or it could be a while.
If you would like me to keep an eye out and e-mail you; please e-mail me with information.... more
Bill gave you a good answer:
I would add 93711 for upscale homes,
and 93710 for depressed homes.
I expect that we will see about 5% appreciation, but that will not be evenly spread;
remember the cliche' LOCATION, LOCATION, LOCATION:
The most desirable locations will cantinue to be desireable.... more
Everything is negotiable, one way or another.
As we transition into less of a Buyer's Market, we may find this harder to do.
Everyone is going to get more creative in the near future;
We have to for the market to grow.... more
Tip #1
Make sure that you have "diplomatic clause". Different markets call it different things, but ultimately this is the portion of the contract that spells out clearly what the terms are for both notice and cost for you to be able to get out of your lease early. Life happens....you change jobs, win the lottery, get married, get divorced, lose a job....or need to move because your just hate the place. Whatever happens, know ahead of time what it takes for you to break your lease and how much it will cost you to do so.
Tip #2
Ask them which floor plans they have in the greatest quantity. Most apartments keep track of which units are in shorter supply and adjust their pricing upwards as demand increases. They also lower prices when they have an abundance of a particular floor plan. You can find a great deal by asking about their current inventory!
If you like my answer, give me the "Thumbs Up" if you really liked it, honor me with awarding me the "Best Answer". I really do appreciate it!
Chris Schilling, ABR, CRS, GRI, GREEN
Broker-Founder
Turbo Realty
chris@turborealty.com
Cell: 832-607-8073... more
There is no Typical ! Short sales are at the discretion of the lender that is agreeing to take less than what is owed. Some are prompt and the majority are slow and slower. If there are multiple loans on the property all lenders need to agree to a short payoff. When you place an offer on a short sale the response you get is from the owner and they usually agree to anything as there are no proceeds to them so they don't care what the price is. If the listing agent has not done a good job of fair market value the bank will reject or counter the offer. The time frame is often 30 days or more for a response and many short sales continue on for 6 to 9 months before they close or are sold in Foreclosure. This is an area you need a real proffesional agent to represent you in. The pitfalls are many and you can eliminate the majority if you ask the right questions. A full consultation would be the only way to cover all the possibilities.
Bill PfeifP
Pfeif Residential Group
559 433-1929... more
1) Get pre-approved for a loan. This way you will know how much home you can afford. It will make the home shopping experience more pleasant if you know what you can afford.
2) Hook up with a a Realtor who is local and knows the market. A large percentage of our inventory are foreclosed or short sale homes and you have to write your offer in a way where it will be accepted.
3) Inventory is short in Fresno and Clovis right now so do not be discouraged if you get bid out of the first couple of homes you put offers on.
Good luck!... more
Make you home move in ready! Call in a professional real estate agent or find a professional stager to come in and work with you on make your home present in the best way possible. Sometimes its only a metter of painting, light staging and packing, completing the repairs and doing the inspections. There are many how to tips on webs sites that will assist you with the project. Should only take up to 14 days to get it done. Good Luck... more
Technically it needs to have a closet to be a bedroom so it should be. I would put in the MLS that it is a 4 bedroom but on title it shows as a 3 bedroom if that is what it is showing.
Mapo Cramer,
I just posted a short video about financing rental property --- you may find it helpful for your scenario.
Rob Spinosa
rspinosa@rpm-mtg.com
Sue,
Homes on the average are selling with-in 60 to 70 days but homes that are priced right are selling with-in 1 to 2 weeks. This is a great time to sell a home because there currently is a shortage of available move-in ready homes compared to the number of buyers wanting to buy a home. If you are considering buying a home prices couldn't be any better with home loan interest rates around 4%.
Let us know how we can help. Check out the link below for client recommendations.
Mark A Pretzer
288-4967... more
Sue,
I will give you more than you asked for, so that you analyze what you are seeing:
1st Quarter, 2011 54 houses 98 DOM Median $192,500 Average $220,423
2nd Quarter 2011 106 houses 104 DOM Median $210,000 Average $265,000
3rd Quarter 2011 131 houses 131 DOM Median $234,137 Average $248,000
4th Quarter 2011 84 houses 84 DOM Median $206,950 Average $253,356
Last 90 days 97 houses 87 DOM Median $220,000 Average $278,521
Understand that this is only for 93711, as you asked, so it isn't a large sample.
But you probably can see some trends.
Good luck and may God bless... more
Yes you are OK going FHA or VA 2 yrs after BK. Make 100% sure you do NOT have ANY derogatory items on your credit post BK. Try to get some credit accounts to re-establish credit if you haven't yet. Feel free to call if you want me to run the numbers for you. If you have less than 30% equity in your current home you own, you will have to qualify with both that housing payment + the new housing payment. If you have more than 30% equity you can count the rental income you'll get from the house you are moving out of.... more