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Home Buying in Walnut Creek : Real Estate Advice

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  • Local Info13
  • Home Buying110
  • Home Selling12
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Activity 161
Sat Nov 11, 2017
Nedned2000 answered:
Can my daughter live in rossmoor with me when she goes to school, and what if she needs a place after she graduates?
0 votes 4 answers Share Flag
Sun Oct 8, 2017
rfarmer124 answered:
well you'll get your earnest money back if you back out of contract do to inspection report, as long as it was within the inspection period timeframe, unfortunately you might not get inspection costs back .....usually inspections are within the first 10-15 days of accepted offer, if you got the appraisal done before that time frame your lender was really on the ball, in which case probably not....I have to wonder if the 2K in fees would be less than suing to get it back... if you could. To be sure though $15,000 is a lot of damage, you didn't say if it was fixed, but yes it should have been disclosed because it COULD BE considered "material adverse fact" something seriously big enough to prevent someone from entering the contract....obviously talk to RE Attorney and weigh the costs ... more
0 votes 139 answers Share Flag
Sat Oct 7, 2017
Kathy Burgreen answered:
Who has the lien? Seller? Bank? Just like buying a car, when you bought the trailer, the seller should have signed over the title to you. If you were financing the trailer, there should have been a separate loan document between you and the seller.

Instead of consulting a lawyer, I would go back to the DMV and get the contact information for the lien. Call them and find out what is going on. Sounds like there is a reason for the holdup of the lien.
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0 votes 2 answers Share Flag
Wed Oct 4, 2017
Carlanaranjo asked:
Sun Sep 24, 2017
Bb700092 answered:
Is it okay for an agent to show the same property to multiple buyers at the same time (i.e. while one buyer is taking the time to make a decision)? If yes, the agent is facilitating competition among buyers for the same property which shows the agent's goal is not her commitment towards any buyer but to get that property sold in order to earn her commission. Actions *always* speak louder than words!

If that is the case, why is it not okay for a buyer to facilitate competition among agents by working with multiple of them at the same time? Different buyers have different priorities and abilities to pay for the same property and the agent ideally wants the buyer with the highest ability. In the same way, different agents have different knowledge and negotiation skills and a buyer ideally wants the agent with the highest ability. The commitment, if there is any, should go both ways.

Finally, if a buyer is smart enough and can put the time to understand the process (there are many good resources in the Internet and everybody has friends/relatives/colleagues who bought properties in the same area), I do not see how an agent can be of any help.
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0 votes 31 answers Share Flag
Mon Sep 11, 2017
Eddy answered:
This process can be confusing, the best option is to seek insight from a professional in the field; a realtor. They can assist you in sorting out all of your options and potentially show you even more options to pursue. Check out upnest.com to pick and compare top realtors in the VA area. It's a free service with no obligation, Good luck! ... more
0 votes 1 answer Share Flag
Sun Aug 27, 2017
Robert Spinosa answered:
If the buyer gets pre-approved through us we will usually suggest that they then get fully underwritten as well, or what's known as our Advance Approval (AA). With an AA, the buyer can then offer a 20-day close to the seller even if financing is involved and we have met these deadlines with a very high degree of accuracy.

AA doesn't cost or obligate in any way and is available on conforming, FHA, VA and jumbo. If you need help with this or feel it's an edge you can use in the current market (and many real estate agents are now asking for it...), we are happy to help.

Thank you!
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0 votes 3 answers Share Flag
Wed Aug 2, 2017
Shirley1282 asked:
Sun Jul 9, 2017
Susie Kay answered:
Molly, I would suggest that you pick up the phone and call a local realtor to assist you. I used to live in the Bay Area and I think it's a good idea to rent first. Get to know the area better before you buy a home.

I'd be happy to assist you if in the future you are planning to relocate to Dallas Metroplex. We are growing fast and many employers are relocating here. Our homes are much more affordable and we have plenty of good schools for a family with children.

Take care!
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0 votes 2 answers Share Flag
Tue May 23, 2017
Sean.briski answered:
I'm doing the same thing, selling a house I own to my daughter. I'm using a contract I got from FSBOfish.com. I did the same thing with my son a few years ago. It's really not that complicated since I'm not worried my kids will sue me. Fear diminishes the soul. ... more
0 votes 12 answers Share Flag
Fri Sep 2, 2016
answered:
If there is a loan, it is not a cash offer. What I have done in the past is made it so it was not contingent on the mortgage.
Why is the bridge loan taking so long. I get them done in about a week. Let me know if you want it done faster. It sounds like there is more to the situation. If not give me a call and let's close it.

714-968-2500
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0 votes 2 answers Share Flag
Tue Aug 2, 2016
Markzjordanz answered:
No credit check, 1 percent interest 30 year fixed, 4.5 proof of funds in which u can use vet status or 401k, the property has to be appraised at 350 k and up. 30 day close, 8037576801
0 votes 1 answer Share Flag
Tue May 31, 2016
Mike Sears answered:
Shamila,

When talking about paying rent vs. paying a mortgage it is always more advantageous for you to pay for something you are going to own.

If you are paying rent your just helping someone else instead of helping yourself. IF you have the financial means for a down payment then it is better to purchase now.

Should you have any questions about a particular home or area, please feel free to contact me and I would be happy to help.

Mike Sears
Berkshire Hathaway HomeServices
925.784.3527
mikesears@bhhsdrysdale.com
... more
0 votes 2 answers Share Flag
Sun Jan 10, 2016
Johnlabarge answered:
We are renting an older home in Lafayette, and while the schools are really really good, the house we are renting is old and expensive. And because the house is so old, the insulation is not great and the utilities are expensive - hidden cost of an old home - don't fall for only a pretty renovation. The yard is ugly and while we are close to the bart, the roads here are pretty inconvenient (single lane, lots of stop signs etc.).
There is a huge NIMBY movement here that prevents any homes from being built - which probably keeps the class sizes small but also creates a situation where old tiny homes are asking 1.5 mil for slapping on some quartz and stainless.
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0 votes 22 answers Share Flag
Mon Jul 13, 2015
Mariah Bradford answered:
This is most appropriately a question for your CPA. However, in my experience it is true that the lender will only allow credits for closing costs. Therefore, if the Realtor gives you cash above that, ONE of you needs to pay taxes on it. Not knowing the details, it makes sense to me that if they gave you more than $600 they would give you a 1099 in order for THEM to avoid paying taxes for YOUR money. However, double check that with your CPA or accountant. ... more
0 votes 2 answers Share Flag
Mon Jul 6, 2015
answered:
No. Co-Ops are completely different and need different financing.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
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