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92545 : Real Estate Advice

  • All27
  • Local Info5
  • Home Buying16
  • Home Selling1
  • Market Conditions0

Activity 25
Sat Apr 15, 2017
Billb1750 answered:
I learned my lesson I pay a car payment on time payed a car off and got a car repo and I pay my rent on time I had a double hurna operation and I was out for a month and a half Wells Fargo was working with me and when I went back to work they took the car ... more
0 votes 12 answers Share Flag
Thu Mar 9, 2017
Sher Campbell asked:
Thu Feb 18, 2016
Derek Jones answered:
No. Sometimes the "seller" wants you to cross qualify with their preferred lender.
0 votes 1 answer Share Flag
Thu Feb 4, 2016
Diane Christner answered:
Be aware that the builder's representative is just that - a person employed by the builder, who puts the builder's interests first, regardless of what they may tell you. Due to the high volume nature of new home sales, builder's agents are often paid less than a traditional commission (some are even on salary plus incentives) so it is common for builder's reps to use high pressure sales tactics with potential buyers.

There are a number of reasons to use your own buyer's agent who is experienced in new construction sales when purchasing a home from a builder, such as:

1) Negotiations -- a good buyer's agent that is familiar with the local builders will be able to guide you through the contract process and negotiate on things such as price, options, closing costs where possible. Most builder reps will not tell you that those things can be negotiable. Nor will they tell you that you have the right to select a lender and title company/closing agent of your choice.

2) Contracts -- a buyer's agent will insist that all terms verbalized by the builder's rep are put into writing so that they are enforceable later on. Your agent can also go through the builder's multi page contract with you and point out important terms that you may miss or not realize the significance of. They will also help you go through your final list of builder upgrades to make sure everything you want is there and that there are no extras you did not select. By the way, builders love upgrades as that is a significant source of profits.

3) Accountability -- having your own buyer's agent tends to make the builder more accountable. Mistakes happen during the building process, a buyer's agent will work with you to make sure mistakes are corrected, not ignored or covered up during the process. This is especially true when it comes to the Punch List. Builder rep's often prefer to ignore somewhat minor issues that can be major issues to the buyer.

4) Experience -- a buyer's agent who deals with new construction purchases will generally have better knowledge of the local builders reputations, their strengths and weaknesses. They can tell you what are normal building practices in the area and what are not.

5) Knowledge -- a buyer's agent should be able to run the numbers for you comparing a new construction home in a neighborhood or area vs one that is just a few years old. Sometimes the best deal for a buyer is NOT a brand new home, but rather one that is only a couple of years old that the owners have to sell due to circumstances.

Generally there is no additional cost to the buyer to have their own buyer's agent. Most builders price buyer's agent compensation into their pricing strategies and encourage buyer agents to bring customers as they recognize real estate agents as a significant source of business.

One last comment, if you want your buyer's agent to get paid for assisting you in your new construction home purchase, please make sure that when you visit the model homes or sales office for the first time that you bring your agent with you and register them as your agent of record with the builder. Otherwise, your agent may spend countless hours helping you through the process only to find out at closing that they are not getting paid.
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0 votes 2 answers Share Flag
Thu Jun 5, 2014
Jeanne Dieteren answered:
I am following up to be sure your questions were answered to your satisfaction as well as to see if you need any further assistance. Please feel free to give me a call.
0 votes 11 answers Share Flag
Thu Jun 5, 2014
Jeanne Dieteren answered:
Wow, i hope you have worked your way through this situation by now. You questions to your lender were certainly appropriate and should have been responded to with a clear and direct answer. That is not a good way to start your transaction, I hope you changed lenders. ... more
0 votes 7 answers Share Flag
Thu Jun 5, 2014
Jeanne Dieteren answered:
Hi Amanda,
If you have not resolved this issue by now I suggest you have a sit down, face to face meeting with a real estate professional. You should get all your questions answered and finish with a game plan that works specifically for you. There is no obligation on your part and it should give you some piece of mind. Give me a call and we can set up an appointment. ... more
0 votes 10 answers Share Flag
Tue May 20, 2014
Jeanne Dieteren answered:
Hi Colleen,
Here is a web site that covers the cost of living in Hemet Ca. It looks like Hemet compares nicely with the rest of California as well as nationally.
Hope this helps
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0 votes 1 answer Share Flag
Wed Jan 22, 2014
denise keohan answered:
Thankyou all for your answers. I am going to consolidate and talk with a mortgage broker. I will let you know how I made out.
0 votes 8 answers Share Flag
Thu Sep 26, 2013
DarthBL answered:
I bought from a short sale last year. It's possible, you just need to have patience and be ready to negotiate. In our case, we had 2 lenders and the second lender countered offer (the first lender accepted but left too little money on the table for the second lender). We ended up working with the selling agent/buying agent to split the cost to make the deal work.

In retrospect, I am happy with the purchase using short sale (we got a great price), but I would advise against short sale with 2 or more lenders, unless you are not in a hurry and really love the house! Hope this helps!
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0 votes 9 answers Share Flag
Tue Sep 3, 2013
Grant Brubaker answered:
The law is very clear in stating that the maximum deposit allowed for an unfurnished residential rental is 2x the rent. This DOES include any type of deposit regardless of what it is called. Some people will try to get around the max by saying it is a pet deposit, key deposit, or some other type of deposit. Simple fact is the law does not care what it is called. if you have the chance of having it returned to you, it is a deposit and the maximum can not exceed 2 x the rent.(3xrent for furnished). You should also make sure that the deposit is held in a desperate trust account as required by law. Keep in mind that in most cases it is also against the law for a landlord to ask for pre-payment of the last month's rent. ... more
1 vote 2 answers Share Flag
Sun May 5, 2013
George Raymondo answered:

Do yourself a favor, rather than trying to figure out how to buy with bad credit and have to muster up $20,000.00, find yourself an experienced Loan Officer who can help you work through the issues and put you on a plan to purchase a home with the best possible chances. I had a man call me with over $35K in child support arrears and over $14,000.00 in bad debt which included collections, charge-offs, and a past unlawful detainer/eviction. He guy had serious issues to overcome. I put that man in a home this past Xmas. The reason is, I convinced him that those blemishes on his credit report will not just disappear, they have to be worked through. One at a time, either getting right with the Child Support, offering and settling debt, or disputing old collections, etc. Either way, it has always made more sense to open the closet, bring out the dead, and bury the bones. If you don't, you run the risk of never being in a position to buy your family a home or these things will surfacing later. You can go to my Profile and read some of my Blogs about credit or feel free to contact me. The truth is I was once in your shoes, I have been there done that. I have lived through some tough times in my past. If I can go from a 540 credit score to 778, then you can to. Just takes some soul searching, planning, and a some elbow grease.

Best of Luck!
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0 votes 9 answers Share Flag
Thu Jan 10, 2013
Christine Saenz answered:
YES, YOU MAY SEE ALL YOU WOULD LIKE.......951--532-4407......THANKS
0 votes 6 answers Share Flag
Tue Dec 11, 2012
Michelle Gonzalez answered:
It isn't uncommon to pay more than list price in this market. If you needed a loan on the property you probably had an appraisal to let both you as the buyer and the lender know what the property was worth. On the other hand the amount of commission paid to the listing and selling agent\, as well as how it is divided does not have anything to do with the buyer. That is something that is negotiated between the seller/listing agent and then listing agent/selling agent. Commission does not need to be disclosed to buyers, since the seller is the one who pays the commission. ... more
0 votes 7 answers Share Flag
Sun Sep 30, 2012
Harold Sharpe answered:
Your best bet would be to check on the individual property at the county tax assessors office.
If you want an agent to see you can call your favorite agent Harold @ 951-821-8211 and i can only let you know last years taxes. Taxes do change. Taxes also change upon the sale of a property as well.

Harold Sharpe - Broker
So Cal Homes
(951) 821-8211
California Department of Real Estate Broker License # 01312992
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0 votes 4 answers Share Flag
Mon Sep 24, 2012
Mary Sferrazza answered:
Send the address and I will research the status. There is no photo or mls number with your question.
I'd be happy to help.
909 518 1830
0 votes 2 answers Share Flag
Sun Sep 23, 2012
Diane Eleyse Tew answered:
Your best resource is your tax bill, each calculation the assessor has levied on your property is listed there. If you disagree with any of the amounts that add up to your yearly taxes, contact them and have them confirm these are your tax payor obligation. A tax rate is what some use as an easier communication tool, we are obligated for the 1% tax on the assessed value under the Jarvis-Gann Proposition 13. Our local legislators adjust that by adding Mello Roos, Bonds and other short and some long term property shared taxes for designated communities. ... more
0 votes 4 answers Share Flag
Sun Sep 23, 2012
Diane Eleyse Tew answered:
There are many different kinds of homes, Manufactured, Senior, Family, Condo, Ranch, Duplex...Your realtor will assist you in laying out a plan based on your desires. It is an art to matching up a home with a home buyer, make sure you can list all the elements that are important to you so your realtor can focus and locate your home in quick fashion. Having cash or a loan in place will make the journey much easier to close faster. ... more
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Sat Sep 22, 2012
Diane Eleyse Tew answered:
Historically, what the market will bear,.
0 votes 4 answers Share Flag
Sun Jun 3, 2012
Denise Wendland answered:
I moved to West Hemet last year. There are some nice homes at very affordable prices. Give me a call if you are interested in buying or selling a home in this area or any surrounding cities. (714) 815-7043 ... more
0 votes 9 answers Share Flag
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