We have people interested in buying our home on the contingent sale of their home. We will agree on a price but will continue to show our house. If we get an offer greater than the contingency price offer we are free to sell but must give a 24 hr. notice to the original contingent bid. If they come up with the agreed upon price it's theirs and if not we sell to the higher bid. This is how I understand it. What would be the disadvantages or advantages to us the sellers.... more
You can try, but it's likely your credit score has taken a hit. Only way to know for sure is to talk to a local lender. If you need the name of someone, let me know! I have a great lender who's in CA.... more
Prior to November, 2014, Realtors in CA used form WPA to identify who was going to prepare a termite report, who was going to pay for the report, the scope of the report, and who was going to pay for repairs recommended by the report. The WPA form was discontinued because those sellers who agreed to pay for repairs recommended in an inspection report that they had not yet seen and for which the inspection was not yet conducted were often surprised at the scope and cost of recommended repairs. Sellers did not agree in advance to pay for repairs, whether the discovery had to do with a roof, pool, foundation, plumbing or any other problem (unless your specific contract says otherwise). A property is usually sold in as-is condition and a buyer would first get inspections and then ask the seller to pay for repairs or correct defects. You should ask your Realtor about your specific contract and seek advice from legal counsel where appropriate. Hope this helps!
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.... more
A bunch of red flags, first the sellers bank does not set any price. The sellers bank will approve or reject the sale based on the sales price in relation to actual market value. Second, the sellers bank will not ask for a nogtiating fee, that fee is being paid to a negitiator. Now you can put in your offer that you want pay it and risk not getting the home, or you have to pay up. NEXT you should not pay it up front but it shoul dbe paid on the HUD when you actually close. There are way too many scams. Now you should really have a buyer broker who is well experienced in short sales to guide you and let you know what is real and what is not... more
If you currently own a property, you do not qualify as a 1st-Time HomeBuyer. However, there are still some great options for you.
Please contact me, and I would love to work with you on making your real estate dreams a reality!
Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
DRE 01920370... more
I appreciate your post.
I have worked with Hunter on several deals, and he doesn't fail.
He funds on a 4% interest rate on all terms, undermining the credit scores percentage.
Contact him today to get all your financial needs met.
Phone: (+1) 702 907 4308
Hello Adriana, rent to own usually want atleast 10% down and up as well as an additional 3% fee which is minimum 13% down not including closing costs. You may already qualify to buy to own instead of rent to own.
You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. 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 view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.
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 92804 zip code of Anaheim start from 169k for 2bd 1.5ba condo, 259k for 3bd 2ba condo and the single family homes start from 315k for 3bd 2ba home which is as low as $1,575 down payment with a minimum 580 fico score @315k. If it is a REO foreclosed home that needs repairs you may choose the 203k purchase loan to renovate from a minimum 580 fico score.1ba
It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
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
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
If my response was helpful, consider clicking Thank, Link or Best Answer.... more
This is a 3-bedroom, 2-bathroom home with approximately 1457 square feet of living space on a 7841 square foot lot.
Please let me know if you would like any further information! I would be happy to assist you!
Nicole Fedorchek, Tarbell Realtors
DRE 01920370... more