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Home Buying in 90638 : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying13
  • Home Selling1
  • Market Conditions0

Activity 8
Thu Jul 25, 2013
Chuck Chavez answered:
Hello Maggie,
Does the conition of the home reflect in the current price? How does your home compare to the competition? If your getting a lot of activity but know offers, chances are that the condition of the home cant support the asking price, and maybe the price may need to be adjusted.
Don't hesitate to ask you agent for advise. Ask lots of questions!
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Wed Sep 12, 2012
Just becasue you are receiving an estimate for your closing costs, this should not be a reason for a sustantial change at time of closing. In fact, this is why there is new laws in place. There is however a law that states, if the fees vary more or less than .125% than your original GFE, this needs to be redisclosed through a Change of Circumstance form, and a waiting period will be enforced. I always recommend you keep your original GFE and compare to your final GFE, to find out why and where the discrepency is. ... more
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Mon May 21, 2012
Carlos Barron answered:
The city of La Mirada building and planning department have most of the permits on file for most homes, I have called them in advance of a visit and they have been nice enough to have the record ready when I arrived. It is important that you check that any particular permit was actually completed through the final inspection process and signed off by one of their inspectors. ... more
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Tue Oct 26, 2010
Jimmy Esqueda answered:
Banks have nothing to do with the re-assessment of your property. Your son should be able to obtain financing wherever he qualifies. The exemption to transfer the prop 13 taxes falls under prop 58. Just need to file a Claim for Reassessment Exclusion for Transfer between Parent and Child at time of closing. See link below. ... more
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Fri Apr 30, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
It all depends on the contract, the deadlines outlined in the contract and the parties involved. The real estate agents can not release the earnest money until both parties sign the cancelation and release of earnest money document. If one of the parties thinks the contractal duties were met, they can try to keep the earnest money and or sue for specific performance. This all actions that need to be addressed by attorney's or is small claims court if it can not be worked out with buyer and seller.

Good Luck
Keith Manson
First Weber Group
Certified Distressed Property Expert

Metro Milwaukee
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Mon Nov 17, 2008
Keith Sorem answered:
The key is that to qualify for a loan, you'll need to be able to qualify AT THE TIME YOU BUY. So having continuity in employment is essential. I would focus on lining up your next job in Tennessee, pay your bills on time, and don't buy anything new (like a car) until after you close escrow.

Good luck! If you'd like a referral to a top buyer's agent in Tennessee, I'd be happy to help you.
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Sun May 18, 2008
Charita King - Short Sale Specialist answered:
If you had an agreement that only 10k to be paid by the sellers, that will only be the cost that he or she is required to pay. I believe the additional 2k is your pre-paid loan interest. Do you want to have the sellers pay for that? Discuss it with your agent and see what he/she can do about it. Remember that the cost that you are seeing from the good faith estimate is only an "estimate" it could more be more than 12k or less than 10k. ... more
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