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Home Buying in 92009 : Real Estate Advice

  • All42
  • Local Info9
  • Home Buying12
  • Home Selling2
  • Market Conditions3

Activity 9
Fri Jul 17, 2015
Daniel Lehman answered:
If the seller wants to pay for the contractor out of his proceeds, that doesn't affect the loan transaction at all. This is not a HUD/Structure issue. Its a "funder who is reading the issue wrong" deal. Whether the contractor is paid in cash outside of escrow, or if he nets less money, that has ZERO to do with the buyers transaction, or the lender. We would have no problem funding this.

Daniel
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Thu Jul 16, 2015
Daniel Lehman answered:
1) Willing to advise. No "Yes men/women" No "commodity" agents.
2) Will actually CHECK comps and advise on good price point depending on demand.
3) Truly PARTNERS with their lender, and works as a team for the clients benefit
4) Knows how to package an offer. Makes the offer stand out.
5) Educates clients throughout the process.
6) Keeps strong communication on a consistent basis.
7) Knows how to listen and draw out key components and wants/needs.
8) Runs their business like a business, not a hobby.
9) Has an opinion about market trends and movement
10) Has an opinion and expertise related to local market where buyer is purchasing.

My two cents. If I were an agent, these would be my top 10.

Daniel
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0 votes 16 answers Share Flag
Fri Jun 26, 2015
answered:
I have not heard of any builders doing buyouts, do you want a brand new home or are you open to what is available?

You may wish to avoid the new homes as they may have more taxes. You should be able to transfer your prop 13 tax rate to the new home but new homes ussually have additionalal assesment district and or mello roos taxes. This could raise your tax rate by hundreds of dollars every month, you could pay $500 more a month in taxes if you do it wrong. Check with the county recorders office before buying anything to know what your new tax rate will be, before closing on anything.

A good agent will make the arangements you need to make the transaction without renting anything. If you need the name of an agent that can help you with that please contact me, I know of one that works in your area.

Corey La Scala below sounds like a good agent too. But really, a good agent will help you avoid the problem.
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Tue Feb 10, 2015
David Haghighi answered:
San Marcos School District. If you need more details about the specific schools please reach out to us.
0 votes 10 answers Share Flag
Tue Apr 22, 2014
Donna McClelland answered:
LOL, I just realized this question was asked in 2008! FYI, my answer pertains to 2014.
0 votes 20 answers Share Flag
Mon Mar 24, 2014
Leigh-Jo Anzures answered:
Generally, yes, but if there are multiple offers on the home, you could lose out on it. Or, if you come in low and leave it out there too long while each party negotiates, someone else could come scoop it up.

Listen to the advice of your agent.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
New Mexico Real Estate: www.syan.com
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0 votes 24 answers Share Flag
Fri Aug 31, 2012
Verena Robinson answered:
Peter,

The La Costa Resort is probably your best investment property in the North County area. These condos are in high demand during the summer months and will generate very good rental income. Some of the remodeled 1-bedroom units can generate $55K+/year gross.

Verena Robinson
www.MammothLakesResortRealty.com
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Sat Sep 6, 2008
Bonnie Maloney answered:
Most REO properties are Sold As Is and often are missing appliances. Iti s shocking when you walk into a foreclosure in good condition and if you do, there are usually bidding wars as it is a gem! My advise, offer what you think is reasonable, but consider taht the bank already has taken the current condition of the home into consideration. Remember....the asset manager did get a BPO (a broker's price opinion) on the home and that did reflect the empty kitchen. On a positive note, I do not htink that 90% of list price is unreasonable. You should have a good chance. You will NOT have a good chance getting credits so be happy and satisfied with the offer you make. ... more
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Mon Jun 23, 2008
Sarah Dupree answered:
This is very hard to estimate without knowing what the house is. However, some of the new homes can be had for about 240 a sq. ft. Of course, that is buying in volume. However, a small house like that should not be over 500k, i wouldn't think. If so, it must have something special about it. SM schools, small lot and small house keep the value hovering around 500-550. ... more
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