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Home Buying in 92612 : Real Estate Advice

  • All43
  • Local Info1
  • Home Buying19
  • Home Selling3
  • Market Conditions1

Activity 18
Mon Jul 6, 2015
Jeremy Lehman answered:
The agent is hired by the seller and must represent THEIR best interests at all times. This can affect you quite a bit. Contingency removals, request for repairs, inspections and the worst would be any disputes between you and the seller. Most escrows aren't smooth and there tends to be a lot of communication between all parties. It could go perfectly fine or it could go really bad and everything in-between. Best of luck! ... more
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Tue May 26, 2015
Randy Tanner & Lindsey Racher answered:
Contact Trulia directly. (888)-568-6478
0 votes 1 answer Share Flag
Mon Jun 2, 2014
Brittany Leighton answered:
I would love to help you! To start, here is a link to a list of foreclosures in Orange County: http://www.mrmlsmatrix.com/DE.asp?k=3297360X09WF&p=DE-210963898-618



Here is some information about me taken from my website http://www.MyRealEstateExecutive.com

Brittany Leighton, Real Estate Professional

Experienced Southern California Realtor

Holds 37 awards in top customer service and top customer satisfaction.

Top 1% customer service in the nation award

President/CEO of Children’s Smiles Non-Profit Organization - http://www.ChildrensSmiles.org

Brittany has a successful and extensive background in practicing Real Estate Law. Brittany has been actively assisting home buyers and sellers in Southern CA for over 10 years.

A commitment to service and extensive Real Estate education is what sets Brittany apart from many other professionals. Brittany’s goal is to provide every single person she meets with extraordinary customer service so that they will be excited to share their experiences by referring their friends, family, and colleagues. This philosophy is the reason why 94% of her business comes from referrals. Brittany has a solid understanding of Real Estate contracts, the home purchasing and home selling process, and efficient contract negotiation.

Brittany understands the importance of clear and direct communication. It is extremely important that as your transaction is occurring and when your transaction is complete, you feel comfortable calling her every day as you need her.

Brittany is an expert negotiator and pays close attention to detail and customer needs. Her clients are always kept well informed during each step of the home buying and selling experience.

Brittany believes that to succeed at your goal you must have the power of focus, the strength of integrity, and the understanding of the journey to achieve that goal.



Orange County Association of Realtors
California Association of Realtors
National Association of Realtors




Thank you,

Brittany Leighton

Realtor

Top 1% Customer Satisfaction in the NATION

949.480.7178

ExeRealEstate@Gmail.com

http://www.MyRealEstateExecutive.com
... more
0 votes 3 answers Share Flag
Fri Apr 12, 2013
Ingrid Ski Realtor answered:
HI Julia,

Real Estate is a good investment--
Need to know what some of your thoughts are about buying a place..
1)- What price range are you looking in?
2)- What is your down payment or paying cash?
3) -I can check to see what the rents are like for your return on investment -(ROI)
4)- Its your return that you really want to know and of course what your buying that it would go up...
--Some areas will go up more than other areas... This is also can be an important factor
These are just some of the things that will need to be discussed and any other questions of concerns that come up in our conversation.. Maybe instead of one big property you would want say 2 smaller properties.... Talk to you soon ..

Ingrid Ski Realtor
949-874-0432
OCAreaHomes@gmail.com
... more
0 votes 7 answers Share Flag
Thu Apr 11, 2013
Shane Etemad answered:
University Park is very popular place. The price is still lower that other place in Irvine. Most properties are selling in 3 to 10 days. Call Shane Etemad at 949-400-4677 to show you some properties there. The key is to be on top the market. Offer the right amount and negotiate the price before it is sold. ... more
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Thu Jul 28, 2011
John Arendsen answered:
Tue Apr 12, 2011
Rudi Hofmann answered:
Mario I gave you a bad link for the NMLS. .... Sorry 'bout that.

Here's the good one: http://mortgage.nationwidelicensingsystem.org/Pages/default.aspx

Happy funding, Rudi ... more
0 votes 2 answers Share Flag
Tue Sep 21, 2010
Leslie Eskildsen answered:
Wow. Even though this question was originally posted in August of 2008, there may be some folks out there in the same situation today.
When you make an offer to purchase a home in Orange County, CA usually the offer is signed by the buyer and the buyer's agent, delivered to the listing agent and then on to the seller for acceptance or a counter offer back to the buyer. In today's market, the all offers are submitted with a Pre-Approval letter from the buyer's lender. Most Realtors do not send offers to the buyer's lender. Your Realtor will send your lender a fully executed purchase contract once an agreement has been reached. In the case of a Standard Sale, this could take several days of negotiating back and forth. In the case of a Short Sale, a fully executed contract is not complete until the sellers' bank has provided written approval of the Short Sale, along with the agreements between the buyer and the seller.

Two conditions make me suspect that the rate was NOT locked - Enzo's lender probably did NOT lock the rate on the date the offer was made - 1. because he probably did not know the offer was being made (unless Enzo let him know) and 2. most lenders today require a fully executed purchase contract to lock a loan rate - Enzo didn't say whether his offer to purchase the Short Sale was accepted by the seller, not to mention the seller's bank. It would be unusual for a lender to lock a loan rate based on a partially executed contract, especially on a Short Sale - since as Enzo states, it might take some time to hear back from the bank.

The only way to know for sure it to ask the lender if the rate was locked. When working with a lender in today's Orange County Real Estate market, all buyers should understand their lender's requirements for locking the mortgage interest rate, the lenghth of time the locked rate is guaranteed (more specifically, when the guaranteed rate expires,) whether the lock can be adjusted if rates dip down before the loan docs are drawn, and the cost of extending the loan lock if the buyers' close of escrow is delayed for any reason.

Hope this helps.

Leslie Eskildsen, Realtor
Altera Real Estate
Mission Viejo, CA
http://www.WhatAgentsFearTellingYou.com
Leslie@LeslieEskildsen.com
949-678-3373
As seen in the Orange County Register: http://www.ocregister.com/articles/buyer-266882-offers-short.html
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0 votes 5 answers Share Flag
Wed Aug 12, 2009
Cathy Haney answered:
I agree with Bob that what you are probably looking at is a site or information that is reflecting the current amount due on the loan that is in default and is not indicative of the value of the home. For example the number you are seeing might include past due payments, late charges, attorneys fees and/or any other amounts that are due to the lender at the time the Notice of Default and/or Notice of Trustee's Sale is filed.

We actively track pre-foreclosure and foreclosure properties in Irvine and the surrounding areas so if you have further questions on the process or we can be of assistance, please do not hesitate to contact us.
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Wed Aug 5, 2009
Dp2 answered:
As an investor, I like to stumble upon properties with these kinds of challenges, because most retail buyers run away from them as fast as they can.

I agree with Karen: you and the seller need to do some more due diligence. You both need to determine (via inspection) what if anything needs to be torn down, are the modifications up to code, are there any special use or varience issues at play (and will they transfer to the buyer), how these changes might affect the buyer's tax basis, etc.

Instead of asking the seller to pay for the extra inspections, I'd make arrangements to order them, get cost estimates, and ultimately use all of this to negotiate a lower price. I'd also make it a point to disclose all of the issues discovered in writing, and remind the seller (or his/her agent) that henceforth the seller will have to disclose all of them upfront if s/he opts to not sell to your buyer. (I only do that to play hardball on properties with issues where the seller appears to be trying to hide stuff.)
... more
0 votes 4 answers Share Flag
Tue Jun 30, 2009
Hector Ramirez answered:
I know the question is old but I would like to present an opposing view of a broker representing a buyer and also originating the loan (notice I said "originate" ) in favor of the buyer.

First of all, I would like to address the ethics issue on a buy transaction coupled with an origination transaction. It is perfectly ethical to charge the buyer for originating the loan as it is done by the entire industry e.g. banks and mortgage brokers.

Lets assume the charge is 1%, a very common industry starting point. Along comes this agent that offers to give a percentage share of the origination commission up to .75% ( 1-.75%= .25%) leaving .25% as the origination fee and that is what would appear on the good faith estimate for the buyer to review. We have full disclosure and agreement of closing costs.

Another point raised is the issue with interest rate benefit. The unethical agent would pocket the yield spread if he works at a bank (as they dont have full disclosure) and the unethical mortgage broker agent would refer to it as some other expense that is skimmed over very quickly when reviewing loan docs.

But then you have this agent that will only quote par rates and only pass along par rates to the buyer. The buyer always has the choice of when to lock. Any differential is always passed back to the buyer (there is always some messy rounding to get you to the next rate or to the par rate). If its beneficial for the buyer to buy down the rate then this option is also presented.

So lets highlight some thoughts:

Advantages for buyer.
1. Only deals with one person for good and bad news.
2. Agent attends all escrow closings to explain details again as they were discussed prior to signing.
3. Par Rate Always Given. No Game playing
4. Any Yield Spread Benefit passed to buyer as opposed to the bank or mortgage broker agent keeping same.
5. Agent knows progress of total transaction and is able to communcate directly with buyer documents needed to ensure deadlines are met.
6. Buyer gets percentage of the origination commission which he would not normally get. The buyer saved money!!!!!
7. No surprises at escrow.

What did I (agent) make: the mls commission plus the .25% on the loan and hopefully a great deal of trust.

This is not intended to debate the good opinions mentioned in prior postings on this subject. It is intended to identify an opposing opinion on how we as agents can wear multiple hats, be ethical, and still have the best interest of our client in mind.

Having performed this activity for my buying clients, it amazes me how the banking industry says only we can do loans whereas the realtors say only we can represent a buyer. What happens when you have a person that has multiple degrees & talents? .

I envision the agent of the future to be multifaceted with the ability to handle many areas of real estate, finance, etc. Some as W-2 paid services and other areas using our license. How you get paid is not relevant, it is what you do to get paid.

Imagine an accountant that only did inventory accounting. Boring!!!! They need cost, tax, general, and the much abused area of net sales.

The typical analogy of a lawyer representing the plaintiff and the defendent (which is mentioned in many conflict of interest/ethics situations) is not relevant in my example. There is no conflict of interest. It is a plain vanilla buyer benefit transaction.

The only thing that is relevant is a happy buyer that did not overpay. We owe that to our clients.

FYI Enzo, the group did a nice job of answering your question.

Regards,
... more
0 votes 18 answers Share Flag
Thu Nov 6, 2008
Harrison K. Long answered:
Enzo ... If you want Realtor agent help with information about Turtle Rock and Irvine properties for sale, including foreclosures, please contact me. Our GEO farm is Turtle Rock, and we have lived here for many years. You will need and want the finest real estate representation. Please contact us. Thanks.
Harrison K. Long
Realtor & broker
Explore Group Properties, Coldwell Banker Previews
Irvine, California
949-854-7747
www.BuyersExploreHomes.com (The Best Web Site For Property Searching)
email: HKLong@cox.net
www.ExploreOCHomes.com
... more
0 votes 11 answers Share Flag
Sat Aug 23, 2008
Amanda Wheeland answered:
Hello Enzo. If your offer is rejected or if you withdraw the offer, you are not obligated to pay your agent his commission. If you are unhappy with the agent you are working with and you have signed a buyer-broker agreement, I would ask your agent to release you from the agreement.

If you do not get released from a buyer-broker agreement and you purchase a home that is covered by the agreement, you may be obligated to pay your agent a commission, even if he did not introduce you to the property or help you write the offer.

I hope this helps! Please let me know if I can be of further assistance.
... more
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Tue Jul 22, 2008
Amanda Wheeland answered:
Good morning Ko. Just to clarify the information you've been given, it's not the property tax that is higher it is the Mello Roos tax. Mello Roos tax is a tax that applies to new developments to pay for things like schools, parks, police and fire departments.

The good news is that not all of the condos in the 92612 zip code have Mello Roos tax. For example, the Metropolitan does not have Mello Roos tax. Additionally, some developments may have Mello Roos tax, but it may only be a few hundred dollars a year.

The biggest thing to be aware of when looking at condos is the amount of the HOA dues. In the 92612 zip code, the HOA dues tend to be high, in the $300 - $400 range, which can add a lot to your monthly payment. Although these high HOA dues generally come with a lot of nice amenities, like pools, exercise rooms, etc., these factors may not be as important to you when you are looking for an investment property.

I hope this helps! Please feel free to contact me directly if you have any questions about the Irvine rental market or would like information about the tax rate, mello roos tax, or HOA dues for a specific condo or development.

~Amanda Wheeland
O.C. Real Estate Advisor
(949) 273-0488
... more
1 vote 3 answers Share Flag
Tue Jul 22, 2008
David Krecker answered:
You now will have full access to look on your own for homes just like real estate agents and brokers. Just go to my website www.centuryside.com

or click on Click here to search ALL available properties


You can search for properties by just dragging and dropping different elements on the webpage and by interacting with the map. Every search that you make is returned instantly, and the matching results are displayed on that same page without reloading; essentially, there's just no need to wait. Each individual property, whether on the map or listed in the search results section, can be clicked on to instantly switch the program from the map tab to a full-featured property details tab. On it, you will find all of the information about that property as well as a contact form, a mortgage calculator, a birds-eye pictorial view of the property (when available), a mini-map, school and community information, and so much more.
Cutting Edge Interface
In fact, compared to others you will see the entire property search experience seamlessly onto a single page. While it is still a webpage in nature, it performs very much like a desktop application that is already loaded onto your computer. dsSearchAgent uses a multi-tab interface to allow visitors to quickly flip back and forth between the search panel and the results panel and the map panel and property details panel. This approach entirely eliminates the cumbersome multi-page search interface that all other IDX providers have.

A FREE BENEFIT BROUGHT TO YOU FROM................

David Krecker, BSBA, SRA, MRA
Centuryside Real Estate Inc.
David Krecker
Broker/Owner/State License Appraiser
Office 562-690-6987
Fax: 562-690-7337
Serving the areas of Orange County, Los Angeles County, San Bernardino, and Riverside.

Email: dave@centuryside.com
Website: www.centuryside.com

Oh, By The Way....if you know of someone thinking of buying or selling a home or investing in Real Estate, who would appreciate the kind of service I offer, I'd love to help them. So, when you think of these people, just give me a call or email me with their name and number. I'll be happy to follow up and tend to their Real Estate needs.

Copyright © 2008 Krecker and Associates All Rights Reserved.
... more
0 votes 4 answers Share Flag
Tue Jul 22, 2008
David Krecker answered:
You now will have full access to look on your own for homes just like real estate agents and brokers. Just go to my website www.centuryside.com

or click on Click here to search ALL available properties


You can search for properties by just dragging and dropping different elements on the webpage and by interacting with the map. Every search that you make is returned instantly, and the matching results are displayed on that same page without reloading; essentially, there's just no need to wait. Each individual property, whether on the map or listed in the search results section, can be clicked on to instantly switch the program from the map tab to a full-featured property details tab. On it, you will find all of the information about that property as well as a contact form, a mortgage calculator, a birds-eye pictorial view of the property (when available), a mini-map, school and community information, and so much more.
Cutting Edge Interface
In fact, compared to others you will see the entire property search experience seamlessly onto a single page. While it is still a webpage in nature, it performs very much like a desktop application that is already loaded onto your computer. dsSearchAgent uses a multi-tab interface to allow visitors to quickly flip back and forth between the search panel and the results panel and the map panel and property details panel. This approach entirely eliminates the cumbersome multi-page search interface that all other IDX providers have.

A FREE BENEFIT BROUGHT TO YOU FROM................

David Krecker, BSBA, SRA, MRA
Centuryside Real Estate Inc.
David Krecker
Broker/Owner/State License Appraiser
Office 562-690-6987
Fax: 562-690-7337
Serving the areas of Orange County, Los Angeles County, San Bernardino, and Riverside.

Email: dave@centuryside.com
Website: www.centuryside.com

Oh, By The Way....if you know of someone thinking of buying or selling a home or investing in Real Estate, who would appreciate the kind of service I offer, I'd love to help them. So, when you think of these people, just give me a call or email me with their name and number. I'll be happy to follow up and tend to their Real Estate needs.

Copyright © 2008 Krecker and Associates All Rights Reserved.
... more
0 votes 6 answers Share Flag
Mon Jul 21, 2008
Team Kociela answered:
There are some general "rules of thumb" in property investing--I say in general because there are always exceptions. The condo rule is you want 3 bedrooms with a 2 car enclosed and attached garage, preferrably with inside laundry, although separate laundry in an attached garage will do.

For houses, it is 4 bedrooms with the same 2 car enclosed and attached garage.

That said, it all comes down to preference at some point. Would you rather have a 2 bedroom condo in Irvine or a 3 bedroom condo in Tustin Ranch? It all depends on what's available, the condition, and the price. Your renter pool for Irvine/Lake Forest/Tustin Ranch will all look pretty similar.
... more
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