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91755 : Real Estate Advice

  • All3
  • Local Info0
  • Home Buying2
  • Home Selling0
  • Market Conditions0

Activity 3
Fri Apr 10, 2015
Matthew Silva answered:
I have financing options with no questions asked. As long as you have the down payment, I can get you a loan through one of the many lenders I work with. It's all about the rates and terms that you will feel comfortable with.

The reality is you can not have it all. If you have excellent credit, job history and down payment you will get the best rates and terms.

If you are weak in any of those 3 areas (job history) expect to pay higher rates or be outright denied by most banks.

When working with a professional such as myself expect them to have a number of resources to get a loan. If you are sincere and would like to buy a home, I would be glad to sit down with you and get you in a position to buy the best properties on the market.
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Sun Feb 21, 2010
Harold Sharpe answered:
In the beginning you hopefully will get your contract signed by the seller,
then you have to await the bank(s) response.
This can take anywhere from 3 weeks to 5 months on average.
Then you can expect yourself to go through all sorts of emotion.
If you cannot set it aside this may be tough.
The bank then may get back to the listing agent with some sort of an answer with some crackpot demands like they want to close in 10 days.
The bank will expect you to have done all of your inspections, and as the buyer you get to pay for those and your appraisal. all without any guarantee the bank will even respond that they will or will not do anything. Don't worry though on average 12.5% go through or 1 in 8. The other 7 out of 8 get lost in the shuffle. That means while your deposit is at stake, you will shill out on average 400 for a home inspection and another 400 for an appraisal. That is if you decide not to do additional inspections.
Then you get to worry if the sellers will actually leave their home that most likely they haven't made a payment in a year or so.
There is nothing like buying a home with squatters in it.
Then you get to worry about whether the sellers take things they shouldn't out of the home when they do leave.
I am sure if you have any questions your agent will walk you through it.
I'm sure your agent is a great buyers agent he will write a contract to make it so you wont have most of the problems I mentioned above.

I wish you the very best

Harold Sharpe
So Cal Homes Realty
(951) 821-8211
CA DRE License 01312992
Graduate REALTOR® Institute,
Real Estate Masters,
Certified Distressed Property Expert,
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