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Home Buying in 90814 : Real Estate Advice

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  • Local Info0
  • Home Buying7
  • Home Selling2
  • Market Conditions1

Activity 6
Sat Oct 3, 2015
Californiagirlz answered:
Can someone explain the way the electrical billing is done? I have been living there since 2011 my utilities used to run about $15.00 to $25.00 a month. I'm in a single unit about 700 square feet. My bill has gone up this month to $102.50 which isn't possible since it is done by RUBS. I also found out meters aren't registered. I'm a single person in a single unit. Can someone explain how cooper arms is billing their tenants, because it a sub metered billing? ... more
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Sun Mar 1, 2015
answered:
Hello Rich, you should flag any you find so they are removed. Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service. You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. 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.

The rentals in 90814 zip code of Long Beach start from $2,100 for 3bd 2ba single family home. The purchase start from 205k for 1bd 1ba condo, 349k for 2bd 1.5ba condo and the single family homes start from 549k for 2bd 1ba home. The inventory is quite low currently but new listings come available daily.

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.

You will also need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You may qualify FHA from 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.

If you have credit issues, your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. 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
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

If my response was helpful, consider clicking thumbs up or Best Answer!
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Tue Apr 3, 2012
Gene Scott answered:
Tandg,
The way offers and counter offers work is that there is NOT a legal agreement until both parties agree on all of the details. So even though the counter offer may have an expiration date you still may be able to come to an agreement after the expiration date has passed. Conversely, if while you are thinking about the counter offer another buyer's offer comes in that is better than yours, it is entirely within the bank/seller's rights to accept that offer. Buying a home is kind of like an auction or bartering, as the case may be. That is why it is really good to know the values and what you want to spend before you start. That can help you sort out what is a legitimate counter offer and keep you from pursuing a property that is overpriced.

Let me know if I can help in any way.

Best regards,
Gene Scott
Realtor and Loan Officer
ERA Buy America Realty Services
562-212-2345
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Tue Jan 26, 2010
Barbara Robbins-Olexa answered:
I also checked my source of FHA lenders and the lenders just decided they were not comfortable doing it. Even if FHA says its okay, the lenders make the ultimate decision if it is something they want to do. In this case they had no way to track how they would get the money once the Buyer got the credit. It was too risky for them and not simple or they would have done it I am sorry. There are still a few cities like Anaheim that are doing down payment assistance if that will help. In Anaheim I know there is a waiting list, but it could be worthwhile investigating this avenue.
Sorry,
Barbara Robbins-Olexa, Broker
L B Brokerage
DRE Lic#797560
714-296-7270
bstrealtor@aol.com
www.barbararobbinsolexa.com
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Sat Nov 14, 2009
Dallas Texas answered:
Have a mortgage broker confirm all the questions you have. All answers here regards question are GREAT however confirm that any further confusion is cleared when you are qualified for a home loan.

Keep in mind you receive annual tax benefits owning a home !

Trulia is a professional real estate forum your expert resource contacting school ISD direct

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

http://www.lynn911.com
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Thu Jun 11, 2009
Barbara Robbins-Olexa answered:
That is really a question to ask your accountant. The credits for 2008 and 2009 are handled entirely differently since 2008 does have to be repaid and the one in 2009 does not. But first you have to see if you can make this work for you.

If she or you do not use an accountant you should find one who can review her return and is knowledgeable about the credit and can figure out what is best.

Hope this helps at least providing a direction for the correct answer to your question.

Regards,
Barbara Robbins-Olexa, Broker,e-pro Internet Certified, SRES(R)
L B Brokerage
714-296-7270
bstrealtor@aol.com
www.barbararobbinsolexa.com
Servicing LA and Orange County for 30 years
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