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Home Buying in 94506 : Real Estate Advice

  • All17
  • Local Info0
  • Home Buying8
  • Home Selling3
  • Market Conditions1

Activity 8
Tue Nov 22, 2016
I would be more than happy to help you with your home purchase. Sounds like they are having an issue with your Restricted Stock. If you are buying a primary residence, you do not need any assets or reserves so that should not matter.

Alex Greer
Loan Officer
NMLS #1056079
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Thu Nov 19, 2015
Shortpitch99: Is there any way to get that credit score up?
If you are carrying any of your credit card balances at over 60% this could be your challenge.
Feel free to discuss with me ... more
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Thu Jan 8, 2015
Paige answered:
we are building currently in alamo and land costs aside, we are building for about $350 sf. we are also building just shy of 4700sf with a 320 sf outdoor living space. we are using branagh builders and they have been fantastic. for us, the building part has been easy. getting through the approval process, however, took the better part of a year. ... more
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Tue Nov 20, 2012
Sue Bloom answered:
So, even Seller Agent recommended us Buyers see a Real Estate Attorney. Thus, yesterday, I told all involved that since we were at a stalemate, I would contact a Real Estate Attorney to file a lis pendens to get a resolution which I feel is the right thing at this time. Seller Agent replied back requesting immediate signature CAR CC; Title Rep sending escrow instructions for immediate deposit back. Yet, Jeff, Real Estate Attorney was unavail Monday, so will try again today. Looks like Seller may have put back-up offer in first position because house was BOM and now is not showing on market. We still have not removed contingencies or received a NBP. Also, this is just a regular sale, standard contract...Day 17 funding on track; we were fine with negotiation of home inspection repairs...COE was 35 days with close next week. The nondisclosure and improper water disclosure even after addendum sent to Seller put us at a halt and intitiated the CAR CC since Seller basically mute about water claim. We have acted in good faith entire time. My husband really likes this house...decisions and hope Real Estate Attorney avail. Thanks everyone!! ... more
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Mon Nov 19, 2012
Bernard Gibbons answered:
I don't quite understand the problem here. You want to cancel the contract and get your deposit back. The seller did not like the way your cancellation was worded so they wrote their own version with the "Mutual Consent" checked - which is absolutely normal and typical, by the way.

If you sign their cancellation, escrow will release the deposit to you. Everything else is irrelevant.

So sign it and everybody is happy. End of story.
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Tue Apr 6, 2010
Lucy Liou answered:
Hello, Vidya

Do you have a buyer agent to represent you yet? If so, have your agent prepare market comparable and find out how many offers to this listing if possible. It does not matter how much the listing price is and what property it is, you will purchase your property at market price. ... more
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Sun Jan 10, 2010
Dave Sutton answered:
Much as I love Trulia, the best way to answer the questions you're asking is to find a local Realtor to represent you. S/He will get the answers from the listing agent. Remember a buyer's agent's commission is paid by the seller, so there's no cost to you to use a buyer's agent. That's your next call. Find one on Trulia, or ask friends who've recently bought a home if they would recommend the agent they used. ... more
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Mon Nov 30, 2009
Steve Mohseni answered:
Dear Ross,

Marston did a great job of describing a lease option. It is a phenomenon that worked well in 70’s since acquiring a loan was not as streamlined as it is today and a 20% down payment was generally a requirement. To re-iterate what was already mentioned is that in a lease option deal, one of the side ends up losing and they will not be happy about it. They may try to get out of it and may end of taking the deal through litigation because of that. As a general rule, lease option is not what I recommend, however I can think of very few specific situations where I can see it work well.

One big word of caution is to be careful who you end up on a lease option agreement with as a homeowner/seller. Make sure they have plenty equity in the subject property as you would not want to end up with a property that possibly forecloses and you losing your option money and your deposit to the landlord.

Let me know how you end up. Best of luck!
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