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Home Selling in Costa Mesa : Real Estate Advice

  • All178
  • Local Info7
  • Home Buying55
  • Home Selling3
  • Market Conditions9

Activity 8
Fri Oct 3, 2014
Tammy Hayes answered:
The seller pays the commission to the brokerage company. The brokerage company pays the agent his/her commission as agreed upon by the listing agreement.
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Wed Nov 9, 2011
Gerard Carney answered:
Very little consideration what so ever, same for homes near power lines, someone will buy them so there is very little discount.
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Tue Aug 2, 2011
Alyssa Parisette answered:

Renting it out is always an option, otherwise you can try speaking to your lender about loan re modification, although that sometimes takes forever depending on the lender. It sounds like now is not the optimal time to try to sell unless you have a buyer that's willing to pay cash in the difference of the appraisal price.
Another option would be to try to short sell the mobile home and get a pre-approved selling price from the bank.
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Mon Aug 1, 2011
John Arendsen answered:
If you're in a rental park you may find it quite difficult to sub lease as most parks have rules and regs that prohibit this. You may be better off just finding someone who would be willing to take over your payments if your lender (legal owner) would allow them to replace you as the registered owner. I have been doing this for years as an owner/lender of MH's with a reasonable degree of success.

If you should find someone to take over your payments you must first make sure the park management accepts their application to rent/lease. You would have a real mess on your hands if you found that the person who you found to take over your payments became the registered owner and then wasn't accepted by the park management. I've actually seen this happen..
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Mon Jul 11, 2011
Abie Chehade answered:
the best deal is to get rid of it... short sale for the right price...
that way you have no headaches from either the ex nor the property.. start new life.

email me if you have any other questions.


Abie chehade
veranda homes
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Thu Jun 2, 2011
Karen Parsons Fiddler answered:
Hi Nancy,

How did it all turn out? Did you close? I see that this question is from January? I hope it turned out ok for you....

0 votes 13 answers Share Flag
Thu Jul 29, 2010
Colin Delaney answered:
Hi Jim,
Your question is certainly a good one; it would make sense to try that approach because it would seem that you could get more money for an R2 property. However, the developer market is a bit slow right now because banks/lenders are fairly tight with the money they are lending for construction and speculative types of investments.
The market in Costa Mesa is actually quite good right now though- the interest rates are super low right now which is definitely fueling a lot of purchases.
At the end of the day, the person who would buy your property will give you market value, whether that comes from an investor/developer or whether that comes from an owner/occupant.
Please let me know if I can help further, I just sold an R2 lot in Eastside Costa Mesa.
Best regards,
Colin Delaney
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Sun Oct 25, 2009
A Gonz answered:
What's the first thing your mortgage and realtor told you (perhaps) that you could not do with an FHA insured loan? When investors buy properties under FHA they are adding risks (if not fraud) that the taxpayers (us) should not be taking because it is speculating with our money. Just look at the mess we are in now and FHA is no exception. I know is easy to get an FHA loan and they are cheap too! How about getting an investment loan with conforming guidelines? You don't like that Haaa...I heard that the feds make prison suits in your choice of stripe colors now. ... more
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