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Home Buying in 92129 : Real Estate Advice

  • All50
  • Local Info2
  • Home Buying30
  • Home Selling3
  • Market Conditions0

Activity 30
Thu Sep 29, 2016
Sims asked:
It was supposed to have gone to auction this past April, but that fell thru. Then we heard it would be October, but nothing seems to have happened. The house is harming the neighborhood…
0 votes 0 Answers Share Flag
Wed Jul 13, 2016
Deborah Garvin answered:
I would never suggest a borrower provide their personal or financial information to any real estate agent, whether they are the buyer's representative or not. All documentation in a loan file is confidential and should be treated as such.

If, in the unlikely event, I have difficulty getting documentation from a borrower I may ask their agent to contact them and prompt them as to the importance of getting documents returned promptly. But that is a far as I would ever go.

All my best,

Deborah
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0 votes 7 answers Share Flag
Fri Apr 8, 2016
Derek Jones answered:
I see your understanding of the situation but when you bought the house did you pay what you felt the home was worth? I'll assume that's a yes. The home was also appraised to indicate what the home is worth. Your purchase price and the appraised value had nothing to do with commission. Would an appraisal or your thoughts on value of the home change if commission changed? No they would not. You are financing the purchase price that you felt the home is worth.

When a listing agent takes a listing they don't say " Ok Mr. and Mrs. Seller your home is worth $300,000 and I charge $10,000 so let's list it at $310,000. It's your home worth $300,000 and I'll charge you $10,000 so we are listing it at $300,000 and I'll take my $10,000 out of your proceeds so your net is $290,000.

Other places in the country buyer's do pay their agent's commissions but not here.
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0 votes 3 answers Share Flag
Thu Feb 18, 2016
Nancy Bergman answered:
Contact the builder for the Mello - Roos question. Some areas are higher than other.
Regarding the shopping center I would contact the PQ Town Council to get the details of the shopping center.
Nancy Bergman

Nancy S Bergman
Realtor - Cal BRE #01893550
Windermere Homes and Estates
14677 Via Bettona #120
San Diego, CA 92127
Cell (858) 617-9449
Email - nbergman1@live.com
www.comehometopq.com
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0 votes 3 answers Share Flag
Thu Aug 6, 2015
John Reeves answered:
Yes you have just posted , you can post now a question just do what you did from the first question.
0 votes 2 answers Share Flag
Wed Jun 17, 2015
Nancy Bergman answered:
Being an agent that specializes in Rancho Penasquitos - 92129.
Here are the basis stats...
Median Home Prices - $709,000
Number of Pending Properties in May - 67
Number of Sold Properties in May - 37
Average Days on the Market - 24

There are some areas in 92129 in the area that sell even faster than than 24 days. I seen some within the week, some over 2 months.
The fastest areas are Park Village and Crestmont.
If you have any questions, I can get you detailed information about each neighborhood in 92129.
Give me a call. Love to help.
Nancy
858-617-9449

Nancy S Bergman
Realtor - Cal BRE #01893550
Windermere Homes and Estates
14677 Via Bettona #120
San Diego, CA 92127
Cell (858) 617-9449
Email - nbergman1@live.com
www.comehometopq.com
... more
0 votes 3 answers Share Flag
Sat May 16, 2015
Nancy Bergman answered:
This website doesn't know for sure if the home is in foreclosure or has a notice of default on it. The best thing is to check with the county recorder office or some agents, have a special website we can check for these things.
I live and work in 92129. I can check for you - I do know there are a few shorts sales with NOD (notice of defaults) on them.
Nancy

Nancy S Bergman
Realtor - Cal BRE #01893550
Windermere Homes and Estates
14677 Via Bettona #120
San Diego, CA 92127
Cell (858) 617-9449
Email - nbergman1@live.com
www.comehometopq.com
... more
0 votes 2 answers Share Flag
Thu Apr 16, 2015
Sheryl Arndt answered:
Hello Kimberly, what do you mean by terrible credit? It may be easier to qualify to buy than rent. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

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. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

You may qualify for the USDA Rural from a minimum 560 fico score. You may qualify to buy FHA with 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.

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 Thank, Link or Best Answer.
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0 votes 21 answers Share Flag
Thu Oct 9, 2014
Nancy Bergman answered:
Torrey Highlands is the newer part of Rancho Penasquitos. It is in Poway and its a bit cheaper than Carmel Valley. The homes are newer and its closer to the coast. Yes, there are HOAs and Mello Roos which vary in price.
The most of the homes have larger lots with allow for pools, play structures and more. It is zoned for Westview High, one of the top high schools in the state. And yes, there are parks in the area. You just have to know where they are.
I'm a 92129 agent and resident happy to help, if needed.
Nancy

Nancy S Bergman
Realtor - Cal BRE #01893550
Keller Williams- Carmel Valley/ Del Mar
12780 High Bluff Dr #130
San Diego, CA 92130
Cell (858) 617-9449
Email - nbergman1@live.com
website - www.sandiegohomesbynancy.com
https://www.facebook.com/nancybergmanrealty
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0 votes 11 answers Share Flag
Mon Oct 6, 2014
Janet McCarthy answered:
Right now is the right time to buy. The end of the year is always a good time to buy. Right now we are seeing big price reductions, longer sales times and motivated sellers.
Finding a motivated seller is the key factor in getting the best deal. Rents will continue to rise, because we are not meeting the demand and there is no new construction. The rental market has changed significantly with the rise in short sales and foreclosures. Those owners became renters and many will never return to owning a homing. Consequently, we see a very tight rental market - with low inventory and lots of demand. The rental market is where many investors are turning, with the plan of buying and holding for a few years.
On average Zillow predicts between 6% and 8% growth in San Diego - the higher amount if you live in a great school district or on the coast.
I have buyers who bought in Mira Mesa at the beginning of the year and have already seen a $20,000 increase in value.
I would much rather see people buy now, get a good deal, benefit from the tax right off and enjoy owning a home. In real estate you don't wait to buy, you buy and wait.
Best to you
Janet McCarthy
RE/MAX Solutions
jmccarthyhomes@gmail.com
858-243-5719
www.BestSanDiegoHomesGuide.com
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0 votes 26 answers Share Flag
Tue Sep 2, 2014
My NC Homes Team answered:
Check out the link I've attached below for a detailed answer to this question including what questions you should be asking when you interview agents.
0 votes 21 answers Share Flag
Wed Aug 27, 2014
Robert Chomentowski answered:
For that price point on a single family house you probably won't be in a prime rental area. But you could do OK in South County and East County.
0 votes 13 answers Share Flag
Mon Jul 14, 2014
processing.cna answered:
You can get modification on rental properties. The process is different than on primary residences because of the way that you calculate your debt to income ratios. If you would like more information, try
http://www.makinghomeaffordable.gov/for-partners/understanding-guidelines/Documents/mhahandbook_43.pdf or go to www.cnafinancialcorp.com
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0 votes 15 answers Share Flag
Thu Apr 4, 2013
Cory La Scala answered:
No need to move assets around. Even if you'll be using them for your down payment or closing costs, you may be able to keep them where they are until you need them. When I write offers, I'll include withdrawal information for the seller and their agent, for certain types of accounts, so they can see the assets are easily liquidated to use in escrow.

I have a few lenders that I trust, both direct lenders with in-house underwriters that can close loans in 30 days or less, and brokers, who have the option of lending direct or using a lender they feel would be best in your situation. Not all direct lenders are order takers, or I wouldn't be using them. It's like saying if you work for Company A, they're more reputable. It's all up to the individual you're working with. Some are really good, some who work with brokers will tell you what you want to hear. When I hear "no problem" all the time, there will likely be problems. Some don't even care if they close your loan, because there are three more around the corner. I've worked with both, and keep the good ones.I also keep the good ones on stand-by if I start to see red flags from the "no problem" loan officers.

Feel free to contact me anytime with questions.

Cory
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0 votes 8 answers Share Flag
Tue Apr 2, 2013
Arpad Racz answered:
Hi,

Sometimes older homes have larger lots than new ones, or other beneficial factors. It is very important to research all the differences, and then make a practical decision. You can for starters see what the dollar per sq. ft. living area is in both neighborhoods (old and newer), then start evaluating the additional factors.

Kind regards,

Arpad
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0 votes 28 answers Share Flag
Tue Apr 2, 2013
lendersnetwork answered:
Your rate with a 680 will be the same as someone with a 720, you will just have higher closing costs due to the fact it costs more points to get you the same rate.
4 votes 14 answers Share Flag
Thu Aug 16, 2012
Janet McCarthy answered:
Your Realtor should have submitted a request for extension of time contract to allow for the additional time it takes to get the loan.
It's becoming more common for loan to close late and if your Realtor is in communication with the sellers agent than this is a simply process. If your Realtor did not file for an extension the sellers Realtor can submit a Notice to perform which would require you to remove the loan contingency.
Thanks
Janet McCarthy
Connect Realty
jmccarthyhomes@gmail.com
858-243-5719
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0 votes 5 answers Share Flag
Thu Aug 16, 2012
Janet McCarthy answered:
No, you don't need an agent. However, it will help you to have an agent who can research the auction homes and give you the history and comps information. At the auction they work hard to excite buyers in to bidding up the process. They actually hand out bowls of candy and have people running up and down the aisles. Please be aware that you pay a fee to buy at auction which increases the sales price, so read the find print.
Also, from my experience the auction prices are posted lower than market price but end up around the same amount.
If you want a really good deal you need to get connect with a Realtor, get pre-approved and be prepared when the right house comes on the market. The inventory at the auction is usually houses that didn't sell the "regular" way so they have defects, challenges and problems.
Thanks
Janet McCarthy
Connect Realty
jmccarthyhomes@gmail.com
858-243-5719
... more
0 votes 11 answers Share Flag
Tue May 8, 2012
Irina Karan answered:
No one can make you do anything. However, if you are buying a new property and that one will be owner occupied, then you have to choose the property where you'll be residing as your principal residence. You shouldn't be owner occupant in both.

I think that's what they meant, and they are right that all should be legal.
But, they can't "make" you do that. You have to choose where you'll be the resident and they (mortgage people) will need to work with that, even though it might leave you without a mortgage.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
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1 vote 22 answers Share Flag
Mon Jul 11, 2011
Leah Greenwood answered:
I would highly recommend that you talk to a lender. MDC Financial are great! Contact them; http://www.mdcgroup.net/contact/general.php
I've personally worked with Matt several times, he is patient and works hard to help you get the deal done! ... more
0 votes 2 answers Share Flag
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