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Home Buying in 92821 : Real Estate Advice

  • All26
  • Local Info1
  • Home Buying15
  • Home Selling4
  • Market Conditions0

Activity 15
Mon Aug 22, 2016
Mfrontino asked:
I put $20,000 of solar panels and 280,000 in site work. Org app shows $385 sq ft new app $145 sq ft garage $100 sq ft new app $35. sq ft Home is now 2 yrs old.
Please give me some directions…
0 votes 0 Answers Share Flag
Fri Dec 18, 2015
Susan Smith answered:
It can be a good thing. You are getting $5000 to upgrade items that you would like and it is increasing the value of your home. Many new home builders give incentives to home buyers at the beginning of a project to " jump start" it or at the end of a project to "close it out" so they can move on to their next development. You will find some builders giving incentives at year end. Good luck! ... more
0 votes 7 answers Share Flag
Sat Feb 14, 2015
USMortgageRanger answered:
Congratulation on your decision to purchase a home. NOW STOP looking at old mobile home or any mobile home for that matter as you are about to make a VERY bad decision. I do understand that you need a place for you and your daughter but mobile home park is not the place. First let me get you approved for mortgage along with some down payment assistance so you can buy a decent home that offer protection to your family. CalHFA offers funds to assist you in owning a home and working with a bank you can make the dream as reality.

We are the Nation only veteran-owned, federally chartered bank with a focus on educating customers about the mortgage process and providing opportunity for home-ownership nationwide. We're a direct mortgage lender/ Servicer not a broker. That means no middle man and no broker fees. We handle the entire loan process in-house from processing to underwriting, funding your loan and finally servicing your loan.

I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
Please give me a call to make your dreams a REALITY.

Lowell Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Mobile: 469-347-3572
Direct: 512-717-0403
https://www.thefederalsavingsbank.com/LowellSterling
... more
0 votes 2 answers Share Flag
Mon Nov 17, 2014
Paul Youssef answered:
I specialize in seller financing but we do not use the "contract for deed" or land contract method, mainly because of the risks the buyer assumes. We don't even use the AITD method, but the Trust method. It's usually recommended to protect the buyer and avoid due on sale.

Check my website.
... more
0 votes 9 answers Share Flag
Wed Jan 8, 2014
David Alex Wright Team answered:
Love the question; bring a local realtor and get even more incentives. You are seeing incentives so that they don't have to post lower sale prices. See if they will pay your HOA dues for a year as well. ... more
0 votes 4 answers Share Flag
Thu Feb 2, 2012
T answered:
Does such Short Sale Negotiator usually have expertise in negotiating purchase of an REO property--which is actually not a shot sale?
0 votes 23 answers Share Flag
Tue Dec 20, 2011
Wendy Carrington answered:
The lender typically requires an appraisal to verify the value of the property that will be their security for the loan you are getting. The appraisal cost is part of the Buyer paid loan fees. If you had estimated 2-3% of your loan amount in closing cost fees, this appraisal cost would be a part of those costs. The only ways around this cost is a) Pay cash or b) Find out if you can build the closing costs into your loan usually by way of paying a slightly higher interest rate. Best of Luck! ... more
1 vote 17 answers Share Flag
Wed May 18, 2011
Dp2 answered:
Debbie, although I also agree that everyone has a right to his/her opinion, I like Don's STATEMENT/CORRECTION style. I also agree with all of his points. While I get it that you don't like options (with non-refundable consideration), Don was correct IMHO to point out the logic flaw in that statement.

The flaw is the assumption that the option consideration is ALWAYS non-refundable--yet, that's not true. A tenant/buyer can negotiate that the option fee or a portion of it is refundable when working with a seller to set this up. I (and some other buyers) have also negotiated options with $0 for the option consideration with sellers, in exchange for giving them the right to continue marketing their property and go with a better offer.

The point here isn't to split hairs; rather, it's to ensure that we're all disseminating the correct info.
... more
0 votes 16 answers Share Flag
Tue Oct 12, 2010
Vincent Villafranca,REALTOR answered:
Not me, I work rain or shine. If your agent doesnt want to work with you due to weather conditions tell your agent to buy an umbrella or find another agent:)
0 votes 35 answers Share Flag
Tue Oct 12, 2010
Trinidad Gaeta answered:
The contingency period has an expiration date, after which as the seller you have to give the buyer written notice to remove contingency and if not returned you are to give them a notice to perform. If, they do not perform then you have the right to cancel the transaction and fight for deposits if that's how your contract is written. You really cannot force someone to buy but you could always seek legal action vs' someone if they defaulted on the contract and refuse to pay damages per your contract. if, they agree to cancel and release deposit and you accept then the deal is done and you move on to the next buyer. It's hard to determine the best advice here without specific knowledge to terms of your agreement, but those are a few key points to look at.

Hope that helps,

Trinidad
... more
0 votes 14 answers Share Flag
Mon Mar 8, 2010
David Alex Wright Team answered:
Fantastic question no matter what city or zip you are interested in. The number of REO properties is very low right now for a few reasons. The main one is the competition with home buyers vs investors is fierce. Another reason is that banks would rather work out a short sale than foreclose and distressed sellers are learning quickly about short sales. Buying a short sale is my recommendation right now because you only offer a fair market price, you know if the seller and listing agent choose your offer to submit that you are still in the game. Make your offer STRONG, be willing to be THE LAST GUY STANDING and put that in the offer and get out there today and start making offers. hope that helps and best of luck to you.
Think of a short sale as today's BANK OWNED with the seller choosing who he wants to let the bank sell to.
... more
0 votes 5 answers Share Flag
Sun Feb 21, 2010
Kurt answered:
Hi........

Offers are not worth the paper they are written on for some very specific reasons and you may never hear back...even with a large down payment .

However, you can leapfrog over the competition with one specific strategy our team wrote the book on.

I would share this strategy in this forum but our methodology is proprietary information.

Kurt Steinhebel
Century 21 Award
Anaheim Hills, CA
... more
0 votes 12 answers Share Flag
Thu May 28, 2009
Mission Viejo Real Estate by Valorie Stover answered:
Hi Heather,
I hope you don't even need this and that you got your house by now. That being said if you are still in the ball game hang on a little longer. Sometimes the last one standing gets the deal because others quit and walked away a long time ago. Wishing the best! ... more
0 votes 6 answers Share Flag
Fri Mar 27, 2009
Aaron Zapata answered:
Mario, The Counter that you signed is not official until the seller signs Paragraph 8 Confirmation of Acceptance. The agent, if authorized can sign that section too. You should be able to keep the deal you were offered unfortunately this market tends to pruduce a lot of situations like yours. If you feel the agents acted unethically, you can call the assocation (Pacific West Assoc of Realtors...see link) and file a complaint. If you don't want to do that, you can decide to but the house at the higher price. It's really your decision and I wish you best of luck in your decision. Sorry that this happened to you. ... more
0 votes 4 answers Share Flag
Fri Dec 5, 2008
Bill Eckler answered:
K,

As Debt Free Dave says.......restored to the original condition
0 votes 12 answers Share Flag
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