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Home Buying in Ontario : Real Estate Advice

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  • Local Info5
  • Home Buying59
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Activity 71
Mon Apr 2, 2018
Liz asked:
Lender qualify someone based on their pre tax invome or after tax
0 votes 0 Answers Share Flag
Thu Mar 29, 2018
Oliviamartin2 asked:
I found a good house in Hamilton and I'm going to get the house inspection done. I do not want the seller to make the repairs because he might do the less amount of work with less money.…
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Wed Feb 28, 2018
Dan Tabit answered:
Ryfspace,
Tough situation. Details like this are best worked out up front and in writing with signatures. Commissions vary, commission splits with agents & companies vary. From his perspective, he may be honoring what he said, "1/2 of his portion of the commission" but he didn't explain the company split or anticipate what may be a lower commission offering than other properties may offer.
What you have in writing, or texting may be proof enough to a judge if you proceed and elect to take them to court. It's anybody's guess. The company could also, if faced with a suit, elect to settle. How much money are we talking about? Could it be handled in small claims court after the fact?
... more
1 vote 1 answer Share Flag
Wed Feb 28, 2018
Ryfspace asked:
My agent and I agreed on a 50% rebate on the buyers agent commission (it is legal in CA according to the DOJ https://www.justice.gov/atr/competition-and-real-estate-state-4). I have his…
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Thu Jan 4, 2018
Betty Spadafora answered:
Along with new house if you are purchasing a computer you can contact us to install the security on your pc or if you want to know more click here.
0 votes 7 answers Share Flag
Thu Aug 10, 2017
Jayrcamacho answered:
We've already received a pre-approval through KBHS, but it seems like they are trying to get us to sign documents to use them as our lender, but we have our own lender.

They keep saying that "all buyers must receive a Gold Cert Approval through KBHS, even if you have your own lender". I've tried to research anything about a "Gold Cert Approval" but haven't found anything.

Just wondering if anyone has bought a home with KB Home, was this a requirement for you?
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0 votes 1 answer Share Flag
Fri Feb 3, 2017
Rich Reed answered:
It may depend on the terms of your purchase agreement and the relevant facts of your specific transaction. Consult with your legal advisor. CAR forms state: "Once all contingencies are removed, whether or not Buyer has satisfied him/herself regarding all contingencies or received any information relating to those contingencies, Buyer may not be entitled to a return of Buyer's deposit if Buyer does not close escrow. This could happen even if, for example, Buyer does not approve of some aspect of the Property or lender does not approve Buyer's loan."
Ultimately if there is a dispute, a judge or arbitrator may decide the issue, and no one can ever guarantee how any particular case will be decided.
Hope this helps!
... more
0 votes 1 answer Share Flag
Thu Nov 3, 2016
Sheryl Arndt answered:
Hello Zackrogers72, yes you can make an informed decision of loan programs depending on yo9ur fico scores and profile. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

Do you have down payment and closing costs or do you need down payment and closing costs assistance? You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040s, 1099s, W2s and all schedules, copies of drivers license/ID and social security card for each applicant.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

The purchase in Ontario zip code 91764 start from 249k for 3bd 2ba condo and 309k for 3bd 2ba single family home.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
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Wed Jun 8, 2016
Rich Reed answered:
Yes. MLS's are in the process of revising their term "Back-Up (B)" to "Active Under Contract (U""), but the meaning remains: Offer accepted and either 1) seller requests that property remain in an On-Market status and is looking for back-up offers, or 2) the sale is subject to court or other third party approval. This is an On-Market status. But under CA law, real estate agents must present all offers to their clients until escrow closes, so even if it is listed as " Pending (P)," you could still submit a offer, but it is not very likely to be accepted unless the terms are very attractive. ... more
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Wed Apr 13, 2016
Sheryl Arndt answered:
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 12 answers Share Flag
Mon Feb 22, 2016
Derek Jones answered:
See if the builder offers any closing cost credits for using their preferred lender, and ask for an upgrade credit. I rarely see builders negotiate on the purchase price of a home unless it's a quick move in home. ... more
2 votes 1 answer Share Flag
Wed Nov 11, 2015
answered:
No appraisals are not public. I am not sure if sales prices are even public. If they are you would go to hcd.ca.gov

I personally recommend not buying a mobile home on leased land at any price. That market seems to be hot right now. But that wont last. ... more
0 votes 2 answers Share Flag
Wed Jul 1, 2015
Alex Montelongo Real Estate Group answered:
There are currently 8 Three bed 2 bath properties for sale in Pomona and Ontario. They are a mix of Single Family Residences, Condos and Townhouses.

Please let me know if I can help in any way.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 2 answers Share Flag
Wed Jul 1, 2015
Alex Montelongo Real Estate Group answered:
There are properties like that in the Long Beach area. I'd be glad to look into it a bit further if you'd like. We can also look at two houses on a lot or duplexes.
Feel free to contact me when you get a moment.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 3 answers Share Flag
Fri Oct 31, 2014
Arpad Racz answered:
Hi Evelyn,

Yes, it would be to your benefit to find a lender and a real estate agent that specialize in this type of property, if this will be your focus.

Kind regards,

Arpad
0 votes 3 answers Share Flag
Sat Oct 18, 2014
Annette Lawrence answered:
Identify an arbitrator both you and he trust.
Both of you need to understand, you must reach an agreement or commit to handing $10,000 to the attorney's.

Isn't that sufficient incentive to find an agreeable solution?

You repeatedly used the word FORCE. You would be well advised to take arbitration action before this escalates to true adversarial, burnt earth, retaliatory, ego driven degeneration of a relationship..
... more
0 votes 10 answers Share Flag
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