there are ways to structure your deal given the facts that you have mentioned to allow you to put the least amount down while obtaining a mortgage payment that is comfortable for you and your family.
remember a 2nd home needs to be at least 50 miles apart from your primary residence and must be in a resort like area, so youre all good to go in that area!
i am a lender but i also grew up in Calabasas. i absolutely loved growing up there, it was so plush and beautiful and SAFE. I recommend looking into homes and obtaining a loan / mortgage in calabasas sooner than later as interest rates are going up and so are home prices. NOW is the time to buy :)
you seem like a great fit with calabasas, especially with your growing family and children!
Shaida Tafreshi loan officer 818-917-0929... more
yes i can do this jumbo at 10% down. i am a mortgage banker with broker sources.
i am Shaida Tafreshi Loan Officer and i work at RPM Mortgage, a direct lender with correspondent and broker channels.
contact me if you are still on the market or know anyone who does want to buy a 7 figure home with 10% down :)... more
Yes, it is possible.
No, it is not easy.
Yes, it will take time.
No, the target will not be receptive to your proposition.
Yes, there are strategies that work well to facilitate the purchase/sale of such real estate.
No, agents are unlikely to commit to a strategy with a 1-in-200 chance of success without a commitment from you. (the odds are higher buying certs)
Here is a real story playing out today.
$150K, 3/2/2, home, in a a community of $220K homes (Trulia stats)
Four offers received.
1 - $122K local buyer (Cash)
2. - $131K local buyer (Cash)
3 - $149 K from Blackstone (big investor) (Cash)
4 - $151K from shelter seeker. (Cash)
5. $156K from shelter seeker with FHA backed financing.
This home WILL appraise at $179K and the bank will very likely counter at $165K.
Which of the above buyers would you select knowing how this will eventually play out.
Which of these buyer best describe you?
Would you have won the bid?
As the example above shows and others have shared, there is significant competition and a lot of buyers who are pretending. You are CORRECT in thinking some properties can be secured BEFORE they are known to the public. This option is reserved for those identified as 'A-List' buyers, Those who are clear what they will buy. Actually will buy what you find them that meets their criteria. Have the ability to buy.
The choice is up to you how you want to proceed. One option is to contact a professional, present your credentials, and make a commitment.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
There are many first time homebuyer programs available for families in the county of San Mateo. They offer down payment assistance.
You may qualify for those programs and you may be able to push yourself a little higher than what you think.
If you email me more exact information about your income, number of people in the family, possible down payment,etc. There may be a fit for you.
You can send that to: firstname.lastname@example.org... more
Also you may be able to qualify to get up to $7,500 to buy with a Conventional Mortgage for a condo.
You MUST work with an APPROVED lender to get this money so send me an email or call me if you're not yet working with a Realtor and I'll email the details.
All the best,
Turn your stereo or television up as high as it will go and leave for an hour. I bet when you return you will have a note on your door. Then, you can simply say you are trying to compete with their noise. GOOD LUCK! Becky... more
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Keep in mind that real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.... more
You may have a look at these
Homes for sale in Hickory hills:
Homes for sale in Palos Hills:
Homes for sale in Bolingbrook:
First of all, if I read your question correctly - you're asking about renting an apartment WITH friends, not TO friends.
I don't see any issues in renting with friends (for example, lots of college grads find apartments w/ their college pals) as long as you set some ground rules before doing so.
You need to decide how things like food and visitors will be handled.....is smoking allowed?....who cleans up the shared rooms?........how the bills will be paid.........etc.
If the person is already your friend, then you should have a pretty good idea of what they're like - are they messy and you're a neat freak?
Are the party animals and you're a bookworm?
So - you're not going into this without some idea of who the other person is...and whether you might be compatible as roomies.
The more you can agree on beforehand, the better.
If one can't afford to rent a place on their own, then renting with a friend can be a good short term solution.
The one good thing about a lease is........after a year it is usually over..so if it isn't working out....you move!... more
Single Family Homes/Condos—You do not have full rent control protection if you live in a single family home (note that a single family home with an illegal in-law unit counts as a 2 unit building) or a condominium and you (and your roommates) moved in on or after January 1, 1996. While these units do not have limits on rent increases, they do have "just cause" eviction protection, meaning you can only be evicted for one of 14 just causes.... more
Take a look at what's available on Craig's List, that is where all property owners go to advertise their available rentals. You can get a pretty good idea of what your competition is doing by looking at other rentals in your area.
Another good site is Rentometer.com . You can put in your bedroom count, prospective rent and see what this site says. I'm not sure if the other rents are just other people putting in their prospective rents or if these are real rents but it does give you an idea of what rents are in the area.
You'll also know when you put your available rental on CL. I had a vacancy recently, put it on CL on a Sunday morning and had to stop answering the phone that evening, it rang almost non-stop. I ended up having two showingstimes with lots of people there and rented the apartment in just a few days.
If you put a good ad on CL with photos and a good description and your phone is not ringing, your rent is too high.... more
Below is a list of rentals In Grand Prairie that fits with what you are looking for in case you haven't found one yet;
For Realtors in Grand Prairie;
One, immediate option is to increase your security deposit by two months worth - that will create some strong goodwill between you and the landlord. Additionally, you could give the landlord 6 months of rent up-front to help minimize the assumed risk associated with a terrible credit score. Hope that helps.
TRI Coldwell Banker
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.
Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!
Ali, Trulia Voices Community Manager... more
I'm confident you are aware you have not provided sufficient information for anyone to provide any actionable direction.
Of course you think it 'cash buyers' that is creating your problem.
The reality is your purchase offer(s) are not competive.
There are MANY reasons for a purchase offer to be non-competitive.
These reasons are not always 'cash buyers.'
Wake up and smell the coffee.
Submit an offer that fits the expectations of the seller and not polluted with exits and contingencies.
It"s not rocket science.
It's not magic.
Work with an experience real estate professional.
Follow their guidance.
Be adaptable. agile and able to compromise.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Here is how I boil it down for my clients.
With a non distressed sale you will most likely pay closer to market value as seller's emotions and motivations are often involved but things usually move along at a reasonable rate. If things need fixed, there is a good chance the seller can and will fix them. They are usually the easiest all around.
With short sales, you first have the homeowner who may have no to little to normal motivation to move and second a bank with potentially long response times etc. There is no money to fix problems as the seller gets nothing from the sale. Banks sometimes assist in repairs but not often. That can create a problem with FHA or VA loans if the loan is dependent on repairs but short sale homes are usually purchased at a discount from market value. The long wait can play havoc with buyers on a more rigid moving schedule and there is the distinct possibility the home will go into foreclosure while you are trying to buy it. I have had it happen. At that point you may have to start over when it comes back on the market as a foreclosure.
Foreclosures are usually easier. The bank must sell at whatever price they can get. There is no emotion involved and no option to just keep it. Their price may not be very flexible the moment it gets listed but as time goes by the price will go down or become more negotiable until it sells. Response time is usually reasonable. Like short sales, repairs can go either way depending on the bank but most of the time they want to sell as is and if that means taking a lower price so be it. The greatest savings over market value can be had with foreclosures and they tend to be easy and fast provided there are no major repairs for the loan to be approved. You often have to pay both sides of the transfer tax but often the bank will pay for title insurance and that makes it almost a wash. I have personally bought 4 foreclosures and helped clients buy numerous others and was always satisfied with the process, speed and savings.
As for your personal decision of which to buy, you will have to weigh the +'s and -'s. Financing is probably the biggest factor. It is far easier for most people to finance a $200,000 home needing no repairs than to buy a $150,000 home needing $50,000 in repairs as they have no way of getting the extra 50k after the purchase unless they do the 203k loan. That loan in itself is a fair bit of work as you have to have estimates for the repairs from contractors ahead of time. If you have good access to money and a flexible purchase window, a foreclosures and short sales are great options. You may have to be more patient in choosing one that fits what you are capable of where as a non distressed sale homes have more likelihood of being ready to occupy as is.... more
900 sq.ft., 2 bedroom, 1.5 bathroom townhouse that includes range,
fridge, dis hwasher, W/D hookups and W/S/T/Yard paid. Outdoor amenities include carport and storage area. Smoking and pets are not permitted. HUD OK $625 + dep . Price: $625. ...
Available 6/16/13! Beautiful home located in South Orchard Estates (South
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Coming Soon Very nice, newer 2 br home. All kitchen
appliance, hook ups and ut ility sink in the garage. patio in the back of home off of garage. w/s/g paid! . Price: $850. 2 Bedrooms. 1 full Bathroom. ...