Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

94588 : Real Estate Advice

  • All37
  • Local Info2
  • Home Buying16
  • Home Selling2
  • Market Conditions4

Activity 37
Fri Sep 29, 2017
Susie Kay answered:
Is it your home? As a homeowner you can put your house for rent and no license is needed. Are you an investor? You may want to create a business entity to protect your asset.
0 votes 2 answers Share Flag
Mon Mar 7, 2016
answered:
Just as long as you are not underwater on your rental, there are no rental requirements when purchasing a primary.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
1 vote 1 answer Share Flag
Thu Nov 19, 2015
answered:
Hi I am a lender and can answer this question.
You may obtain FHA financing three years after your short sale has been deeded to the new owner.
You may obtain conventional financing after four years.
If you are looking for financing a loan amount over $625k, which would be considered a Jumbo loan, you will need to wait 7 years (per the present guidelines).
... more
0 votes 28 answers Share Flag
Mon Feb 9, 2015
Alctan asked:
I saw a listing in Trulia ipad app for a rental. I inquired via email and they
emailed me with a story of them being missionaries and not in the country and
wanting to rent it out a nice…
0 votes 0 Answers Share Flag
Wed Dec 24, 2014
Susie Kay answered:
Closing cost is negotiable between buyer and seller. Yes, some lenders help with closing cost as well.
0 votes 17 answers Share Flag
Tue Jul 1, 2014
answered:
We can do at 50% or below on a case by case basis.
0 votes 3 answers Share Flag
Tue Apr 1, 2014
Meena Gujral answered:
Here is the Days on the market information from our Real Estate Association as of February 2014

Days on Market (DOM) for the Pleasanton area year-to-date is around 16. The median attached home price in Pleasanton for February was $465,000. As of the last day of February there were 11 active homes in Pleasanton. At current selling rates this means there is approximately 1 month of inventory in Pleasanton remaining.

Meena Gujral
Help-U-Sell Achievers Realty
http://www.helpusellachievers.com
925-425-9491
... more
1 vote 6 answers Share Flag
Sun Mar 9, 2014
The Medford Team answered:
If you own a pool, you will decrease the number of prospective buyers by 50%. additionally, as Doug pointed out, fiberglass pools are generally viewed as a liability instead of an asset. You need to ask yourself if you are (1) willing to continue paying for monthly maintenance on a (2) feature that adds no value to your home, (3) will decrease the likelihood of getting a competitive offer when you sell AND (4) provides a real safety risk for your children ... ... more
0 votes 7 answers Share Flag
Sun Mar 9, 2014
The Medford Team answered:
As a landlord, I will not allow any tenant to occupy any of my properties until they have passed a credit check, have demonstrated financial solvency and have provide a damage deposit AND first month's rent at the time they sign the lease.

If they don't like the terms, they can go and find residency elsewhere. And good luck to them ...
... more
2 votes 8 answers Share Flag
Wed Feb 26, 2014
Meena Gujral answered:
This report is for January 2014.

Days on Market (DOM) for the Pleasanton area year-to-date is around 16. The median attached home price in Pleasanton for January was $647,500. As of the last day of January there were 9 active homes in Pleasanton. At current selling rates this means there is approximately 1 month of inventory in Pleasanton remaining.



Meena Gujral
www.helpusellachievers.com
925-425-9491
... more
1 vote 8 answers Share Flag
Mon Jan 27, 2014
Ali Qureshi answered:
It will be very difficult to qualify for conventional financing. FHA has easier guidelines and you maybe able to qualify on an exception basis, though very unlikely.
0 votes 7 answers Share Flag
Sun Sep 1, 2013
lendersnetwork answered:
Yes you do qualify now for a new program for FHA by HUD for people in your shoes you just need 12 months from the date of the Bankruptcy, short sale or foreclosure.

The U.S. Department of Housing and Urban Development (HUD) recently announced the “Back to Work – Extenuating Circumstances” program, aimed to help people who have lost their home through foreclosure, short sale or bankruptcy. HUD has reduced the previously required minimum of 36 months to 12 months before they may be able to finance another home, given that they meet HUD’s minimum eligibility requirements. ... more
0 votes 4 answers Share Flag
Sun Sep 1, 2013
lendersnetwork answered:
Yes you do qualify now for a new program for FHA by HUD for people with a BK you just need 12 months from the date of the Bankruptcy, short sale or foreclosure.

The U.S. Department of Housing and Urban Development (HUD) recently announced the “Back to Work – Extenuating Circumstances” program, aimed to help people who have lost their home through foreclosure, short sale or bankruptcy. HUD has reduced the previously required minimum of 36 months to 12 months before they may be able to finance another home, given that they meet HUD’s minimum eligibility requirements. ... more
0 votes 3 answers Share Flag
Sun Sep 1, 2013
lendersnetwork answered:
Yes you do qualify now for a new program for FHA by HUD for people with a short sale you just need 12 months from the date of the short sale or foreclosure.

The U.S. Department of Housing and Urban Development (HUD) recently announced the “Back to Work – Extenuating Circumstances” program, aimed to help people who have lost their home through foreclosure, short sale or bankruptcy. HUD has reduced the previously required minimum of 36 months to 12 months before they may be able to finance another home, given that they meet HUD’s minimum eligibility requirements. ... more
0 votes 2 answers Share Flag
Tue May 7, 2013
Grace Tam answered:
foreclosure is 7 yrs and short sale is 2 yrs. If you want to find out more about this you can call me. I do need to know more about your loan scenario.
0 votes 4 answers Share Flag
Mon Dec 10, 2012
Christine Rosi answered:
Hi Christina,
I would need to ask you a few questions in regards to the process you are using. Email is great for communication. Experience shows that buyers that are serious will make an appointment with a trusted real estate consultant and face to face communication to find out what is important to you is priceless.

What I do is schedule a one hour buyer session with one to find out what is really important. After that we are out on a buyer home tour. I coordinate the homes for you with the agents that have the listings so that I can make sure that they are still available. There are many homes on the internet that are already sold. Call me today as I have a few openings this weekend which will fill up soon.

Your friend in Real Estate
Christine Rosi
925-290-7653
... more
0 votes 8 answers Share Flag
Thu Nov 29, 2012
bluewickedburner answered:
Watch your neighborhood. When someone is having work done, approach the home owner and ask about their level of satisfaction. Ask your friends but if you are new to the area here is a very good way to find someone: visit the local high school and ask the instructors who might be teaching the trades. They will usually have a list of people who do very good work. You can do the same at the local community college and get good results.

A way to save money and still get high quality work is to visit local trade schools and ask for referrals, especially their star students of past. Contractors/handymen who learned the best and right way usually give the best results. You earn from what you learn in the trades.

Always start with a smaller project to verify skill and knowledge. Watch for organization, cleanliness and promptness. After a small project is completed, verify the work against any trade publication or illustrated book that describes in some detail how the standard of work. When you find a good one, keep things professional, don't ask for favors or you risk diluting the relationship and those who work the trades for a living need to eat too.
... more
0 votes 5 answers Share Flag
Thu Nov 29, 2012
bluewickedburner answered:
dave, you bet your life you are paying the commission. You pay the seller and in turn money ends up as commission to the agents. Where did that money come from? YOU! The more buyers wake up and realize that all money flows from the original point - the buyer, the more you can equalize your standing in the process. All the talk about how it is the seller paying the commissions is nonsense and doubletalk.

First, who in their right mind would risk nearly 2 million dollars, with all the potential to sway the purchase price with an agent paid by the very people who benefit from you spending more and not less? Times are changing, slowly but buyers are waking up and seeing through the mirage of commissions and who pays for what. Without you giving money to seller, there are no commissions, period.

A buyer can simply pay their buyer's agent commission directly and in the offer state as much, stipulating that the offer is net to seller minus any commission seller pays their own agent. It isn't hard to do and no, the seller agent doesn't get to keep the buyer agent's commission. That is more doubletalk, fabricated by real estate agents to make sure agents get more commission.

You can pay no more than 1% in a lot of cases for a house of this price. When you read the comments that will follow about agents not willing to accept that, never mind, plenty others will.

Write your offer with the help of an attorney to insure your offer is properly written. An offer with contingencies written by a real estate agent is barely defensible if things go badly and end up in court or mediation. Get smart, shop what you think is a good commission.

Asking a real estate agent what a commission should be is the same as asking the car dealer what you should pay for the car. Guaranteed to be too much.
... more
0 votes 11 answers Share Flag
Sat Oct 27, 2012
Maria Cipollone answered:
It is very difficult to answer these questions because comissions are completely negotiable. It will depend what percent the broker will pay to the agent that sold those 40 houses in a year. Real estate companies have a lot of expenses and that is the reason that agents have to cooperate with those expenses.

Best of Luck,

Maria Cipollone

Century 21 Tenace

www.Flahomespecialist.com
... more
1 vote 7 answers Share Flag
1 2
Search Advice
Search

Followers

309