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Home Buying in 92264 : Real Estate Advice

  • All37
  • Local Info5
  • Home Buying9
  • Home Selling3
  • Market Conditions1

Activity 8
Sun Feb 1, 2015
Frank Alvarez answered:
Most of the answers/discussion below appear to be valid and good information. The one thing I haven't heard mentioned is the obvious...Most people prefer Fee Simple ownership of the land their home sits on. For that reason a leased land property will always be in less demand and slightly more difficult to sell. In a good market like we have now, leased land properties are attractive and appealing as they cost less than ones with full land ownership. In a distressed market, like the one we suffered through up until 2011, leased land properties are very difficult to sell and lose a larger percentage of their value. ... more
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Sun Feb 1, 2015
Frank Alvarez answered:
If you have lent money to a friend and they didn't pay you back on time, would you lend to them again? Would you warn other friends about what happened?

If they did pay you back quickly and with interest, I bet you would do it again.

It doesn't take long to clean up one's credit. Just pay your bills on-time for 2-3 years and you will be surprised what you can qualify for. There are some mortgages you can get with as little as 3% down payment.
... more
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Sun Feb 1, 2015
Frank Alvarez answered:
I'm not sure what bail out you are seeing, but the real estate
market in Palm Springs is pretty strong. The water aquifer beneath the desert is an amazing resource, and the drought in the desert is considered "mild" compared to much of the rest of California where the drought level is considered "serious or Severe". ... more
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Tue Jan 13, 2015
Riccardo Wardlow answered:
Sun Dec 28, 2014
Worker Bee answered:
Exactly! So if you would like to go in on a condo let me know because I have cash in hand but lack the credit rating and yes, there seems to be a glut of 2/2 out there.
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Mon Nov 18, 2013
Brenda Fogle answered:
Hi Robert, I invite you to check me out at www.palmspringsagt.com. I am well as being a California Licensed Realtor I hold a Certified Residential Appraiser License. Bottom line, I save buyers money by sharing my expertise in valuation as an intricate part of my service. If you think I could be an asset to your search and bottom line results register on my site and I will contact you asap to begin your home finding adventure.Talk with you soon or otherwise best wishes! ... more
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Sat May 21, 2011
Michael Abram answered:
Hello Patrick,

Are you a US citizen living in England? Also, do you file tax returns in the US by any chance? If not to either question, you can obtain financing through lenders as a foreign national, which will require 50% down payment. Lenders may vary on their particular foreign national guidelines, depending on the nation of origin.

If I can be of assistance, please let me know.

Michael Abram
First Capital Mortgage
NMLS #235060
Direct: (310) 434-1718
mabram@firstcapitalmtg.com
... more
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