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Home Buying in 92648 : Real Estate Advice

  • All52
  • Local Info10
  • Home Buying24
  • Home Selling5
  • Market Conditions0

Activity 11
Mon Apr 18, 2016
Nicole Fedorchek answered:
Because your LB home is now a rental, yes you will pay capital gain. The exemption for capital gain is only for a PRIMARY residence. You have a few options:

-Move into the LB home for 2 years, and then sell it (2 years is the minimum for an exemption)
-Do a 1031 Exchange for the LB home
-Pay capital gains

Please contact me directly to discuss your options in greater detail~
Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
... more
0 votes 2 answers Share Flag
Wed Feb 24, 2016
Null asked:
I need to delete my rental because it is rented - how do I do it? I tried to follow the directions - to click on my profile pic but it doesn't let me do that so I can access my listings.
0 votes 0 Answers Share Flag
Mon Aug 10, 2015
You have to check with the city, as they all define their own definitions of these zonings.
0 votes 1 answer Share Flag
Sun Feb 22, 2015
Karen McEniry answered:
Hi Bill,
I also endorse John Davis as an excellent resource, as recommended by some of the other responses you received. As another option, if you are not able to get approved for a conventional loan to do this, I can
refer you to a very reliable mortgage broker who has access to private money as well,
even if it's only a short term solution.
Please contact me if you'd like their information.

Best Regards,
Karen McEniry, Realtor, SFR, SRES
Coldwell Banker Beachside, Realtors
(714) 343-9470
... more
0 votes 7 answers Share Flag
Tue Feb 10, 2015
Nicole Fedorchek answered:
Hi, Mason!
Its not a matter of the seller getting their money at closing, its a matter of whether or not you will be ABLE to close!
Vacant lots are hard to loan on, as there is no home to add value for loan collateral. Therefore, the seller will question if you truly can close the deal, or if you are just wasting his time. The best thing to do is to obtain a pre-approval letter from your lender to present with your offer. Perhaps, also have your lender call the listing agent for the seller, and reassure them that the deal will close. Also, tighten up your contingency periods to show that you are a serious buyer.
Good luck!
Nicole Fedorchek, Tarbell Realtors
DRE 01920370
... more
0 votes 4 answers Share Flag
Mon Aug 11, 2014
The Cheryl Coleman Team answered:
Hi Bill,

Are you currently working with an agent or on your own? Your agent should know these things and should be showing you property every day until you find and excange property. Trulia, Zillow, aren't quite as acurate as the MLS service that agents search in. If you need an agent who has a fantastic team of Buyers Specialist's let me know. I am the top Agent in my office and my team would be looking for properties for you on a dailiy basis until we find what suits your needs. You don't need to be doing this on your own.

Best of luck,

Cheryl Coleman
... more
0 votes 12 answers Share Flag
Fri Jan 10, 2014
Don Maclary answered:
If it is where you want to live and the land is able to hold a future home when you can afford to build, Go for it.
1 vote 9 answers Share Flag
Tue Sep 29, 2009
Rich Littlefield answered:
If this is owner Occ then my rate on this today is 4.99% with 1 point cost. 5.21 APR

If it is an inverstor home I need 25% down and the rate today is 5.375% and 1 point 5.47APR

I am a direct lender.

Rich Littlefield


Lic by the CA dept of Real estate #01080071
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0 votes 8 answers Share Flag
Wed Jul 29, 2009
Emily Knell answered:
It sounds like you have a Realtor that you trust already to list your income property after your trip to Asia. If you can, email me the property address before it hits the market, I have buyers looking for income property. You could have your Realtor get a hold of me as well.
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0 votes 8 answers Share Flag
Tue Jun 16, 2009
Rich Littlefield answered:
Yes this is an old question, because it is no longer true. With the prices where they are and the rates as low as they are it is less expensive for most people to buy a home. The catch is that it is harder for most people to qualify.
Yet there are some ways around those problems. For example if your credit is not perfect or you don't have enough money down we may be able to get you in under a FHA loan.

By the way there are some homebuyer progroms that have come out requiring a down payment of only 1/2 of one percent down. An amount that will probably be covered by the $8000 tax credit.
... more
0 votes 39 answers Share Flag
Fri Aug 15, 2008
Sky Minor answered:
Positively, at any time. The bank is not a non-profit organization and they are going to protect their own interests to a fault. I have seen counter offers from banks that are simply ludacrious and insulting. ... more
0 votes 14 answers Share Flag
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