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Home Buying in 92131 : Real Estate Advice

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  • Local Info1
  • Home Buying10
  • Home Selling3
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Activity 10
Tue May 3, 2016
Regeniagartner answered:
Hey post . I learned a lot from the analysis ! Does someone know if my assistant might get a fillable template form Instructions version to edit ?
0 votes 14 answers Share Flag
Sat Jan 31, 2015
Ernest Pierce answered:
Hello Michael,

There was a lot of great answers here by the local agents in San Diego. It has been some time, and I wanted to follow up with you on your relocation. Have you made the leap to San Diego yet? Have you found your new home? If you have any additional questions please feel free to contact me!

Best Regards,


Ernest Pierce
Broker/Owner
Pierce & Co. Real Estate
858-413-7075 Office
619-647-3315 Direct
858-876-1771 Fax
... more
0 votes 25 answers Share Flag
Mon Jun 16, 2014
Chad Basinger answered:
Hello Michael,

If you are interested in a specific neighborhood/zip code, then I don't think it hurts to look through the pendings/contingents. If you like any of them, I'd have your agent inquire to see how likely they are to close. If there is a specific house you are in love with, go ahead and see if they'll take a back up offer. Make sure to have your agent fill out the specific Back Up offer addendum and get the seller to sign, so that you would be in position number one in the event the current escrow falls out.

I do like your thinking as far as keeping your search open to possibilities beyond what is merely "active". Another idea to consider is having your agent send out a letter to the specific neighborhood you are interested in, seeking out properties that are not currently on the market. I have done this successfully for several clients and it can work for you as well.

Best of luck!

Chad Basinger, REALTOR, CPA, CFP
858-997-3704
chad@chadbasinger.com
... more
1 vote 24 answers Share Flag
Wed Feb 13, 2013
opondomusa answered:
One of the biggest advantages of buying an existing home is that you can determine the long-term value of the home more easily than you can with a new home.

Also, you can know more about the schools, your potential new neighbors, and the area before buying the home. In a newly-constructed subdivision, all of those factors are unknown. ... more
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Sun Feb 10, 2013
Wesley Guest answered:
The only way to answer this question is to refer to your specific purchase agreement you signed. Ask your agent, they should be able to answer this question very quickly.

Most likely you have an out unless:

1) Your contingencies have been removed or expired or
2) You signed an addendum or additional contract that says the contrary.

Good luck,

Wesley Guest
Broker Associate
... more
0 votes 14 answers Share Flag
Fri Oct 15, 2010
Bobby Martins answered:
If you didn't release your contingencies in writing, instruct escrow to prepare a cancellation with you getting your entire deposit back. Sign it and forward to escrow asap. If the seller won't sign it, contact the local realtor association and ask them about arbitration and mediation services. Check your contract to see if you and the seller agreed to settle through arbitration.

If you did release contingencies, hire a real estate attorney to review the entire file and he will then instruct you on the best course of action. Just make sure you don't sign anything releasing the 3% to the seller.

I wish you the best!!

Bobby Martins
REALTOR
www.moveupsandiego.com
... more
0 votes 14 answers Share Flag
Mon Aug 23, 2010
Khrystyna Chorna answered:
Hi, Lauren,
As other agents have answered before, it is absolutely possible if you can qualify.
You do have to be aware though that for foreign nationals requirements are at least 30-40% down.
Are you comfortable with that?
Also are you thinking of selling your home in order to make a purchase here?

Thanks,
... more
0 votes 5 answers Share Flag
Tue Jun 30, 2009
Marilyn Harrell answered:
Many buyers are paying cash. Some of the properties can be financed while others cannot - this is due to the condition of the home. It can be difficult to get a Rural Development loan or even an FHA loan on this type of property because the home must meet certain criteria, including running water, working furnace and other. If you meet the criteria for financing, a conventional loan (will require 10% - 30 % down) could be your best bet. However, if these properties are below $40,000 you may have trouble financing at all. Some buyers are taking the equity from their principle residence to pay for properties. Investors are buying them for rentals or to flip and are using already established lines of credit. Hope this helps.. Good luck! ... more
1 vote 3 answers Share Flag
Fri Jul 18, 2008
Ute Ferdig - Atty. Negotiator answered:
Hello Vivek. You may want to talk to someone who specializes in asset preservation. There are ways to protect your family's assets and it goes well beyond making a decision between holding title as joint tentants or as community property. Holding property as joint tenants with right of survivorship will not protect you from judgment liens. The main significance of joint tenancy with right of survivorship is upon death of one of the joint tenants as the decedent's property interests pass automatically to the surviving joing tenant. Anybody can take title to a property as joint tenants while only married couples can take title as community property. For purposes of property division as a result of a divorce, properties held in joint tenancy by the spouses are presumed to be community property under CA law unless there is either a clear statement in the deed or other documentary evidence of title by which the property is acquired that the property is separate property and not community property or there is proof that the parties have made a written agreement that the property is separate property. I hope this helps. Good luck to you. ... more
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