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Home Buying in 95630 : Real Estate Advice

  • All71
  • Local Info5
  • Home Buying38
  • Home Selling2
  • Market Conditions0

Activity 36
Sun May 28, 2017
Cathymcclusky123 answered:
Is the township responsible for fencing a creek in my backyard?
0 votes 26 answers Share Flag
Mon May 4, 2015
Karen and Paul Catania answered:
You can but the risk is getting your deposit back. I don't know the details of your cancellation but if the seller doesn't sign your deposit is held in escrow until everything is resolved. If you get into another contract and need that money you could be in trouble. The agent may think all is fine but you never really know what a seller is going to do after they talk to their friends, family, ect and decide they should get your deposit, right or wrong. ... more
0 votes 4 answers Share Flag
Fri Aug 22, 2014
Peter answered:
WOW! My friend you are not in Honest USofA any more. Poor grandpa and grandma has been put up in health care facilities. It's run by millennia now. Learn the trick and don't hesitate calling the banker direct and don't feel shy about offering some extra commission to negotiator, but your right hand should not know what your left hand is doing. ... more
0 votes 6 answers Share Flag
Tue Jun 17, 2014
Danielle Sweet answered:
This is difficult to answer without having seen the agreement and having understood the terms. Without knowing the appraised value and if the buyer's funds would cover the difference. I love the question... Can you provide some more information?

Please contact me if you would like any more help!

Have a great afternoon!

Danielle Sweet, ZipRealty, Inc.
RealtorĀ®, Licensed in CA, #01921756
916.934.2120 | Fax: 877.625.2296
My profile:
... more
0 votes 16 answers Share Flag
Fri Feb 21, 2014
Sandhya Murthy answered:
I would highly suggest you seek the advice of a local real estate agent expert. Every market is different. In the bay area we are dealing with a lot of ALL CASH offers which dont have loans associated with appraisals. There is a multiple offer frenzy and buyers are willing to pay extra out of pocket just to move into this neighborhood. Talk to your realtor to understand risks associated with removing the appraisal contingency. I am highly against it, but in a low inventory and multiple offer market it may be the only option if you really want the house. If you can not pay the difference of the appraisal then you absolutely should not remove the appraisal contingency. ... more
0 votes 13 answers Share Flag
Wed Jan 29, 2014
Greg Batchelder answered:
If you have the Assessors Parcel Number (APN) for the property, check the Sacramento County Tax Assessors web site and look up the tax bill. Under "Direct Levy" you'll see any Mello Roos, or other bonds and assessments on the property. Hope that helps. ... more
2 votes 7 answers Share Flag
Thu Sep 12, 2013
RaidaHomes answered:
What do you think of flipped homes vs regular sales in a neighbourhood?
I think a buyer needs to consider the older non renovated homes as long as they are OK with the outside structure and the layout of the house is pleasant and usable. or a buyer to renovate is much cheaper than buying flipped homes if the buyer has the time to deal with it and the extra resources outside the loan to do the renovations. Flips are great sometimes,but some flippers do superficial renovations that do not look uniform yet they ask for a very high margin. I wish there is a standard for the quality of flips. ... more
0 votes 8 answers Share Flag
Thu Jul 25, 2013
Rita answered:
The Folsom city as a whole was not as badly affected by the recession and did not take as much of a beating as compared to the other markets.

If in 3-4 years you decide to sell , you can always also rent it out if you do not see as much appreciation. But real property has always appreciating in the long run. Rental market is also very hot in Folsom.

You can also consider an older homes as they are relatively better priced than the newer homes. The return on investment could be better. But again you need to sit down and discuss all your options,
... more
0 votes 8 answers Share Flag
Fri May 17, 2013
Jim Walker answered:
No rps, that was not weird. That is a very common result of a short sale offer. Especially in the decade leading up to the month you posted your question. It will be interesting to see if the new laws make your experience a little bit less common in the future. ... more
0 votes 7 answers Share Flag
Sat Sep 22, 2012
Robert Ernst answered:
Buying an existing home is something I prefer. They usually have been around a while and problems are often evident. So get a good Home Inspector to take a look at it. No house is perfect not even a new one.

The usually have character and can be closer to areas you want to go. There is no use buying a "green" home if you have to drive out of your way all the time.

Using what is existing is one of the best ways to be sustainable. A new more efficient home takes about 15 years to pay off it's impact on the environment.

Lastly find an Agent and Lender that will work with you in getting a Energy Efficient Mortgage. This FHA loan will allow you to finance your energy improvements in at the time of purchase. This is a really easy loan to get done and is well worth the few extra steps. The extra you pay every month on the loan will be offset by energy savings and often exceeded so it saves money every month and you can get a more comfortable, healthier, efficient and durable home.
... more
0 votes 9 answers Share Flag
Thu Sep 20, 2012
Trevor Curran answered:
Good evening Sahi,

Read the advice from Jim Simms and Ron Thomas below. There you have two different viewpoints and both of them are valid and given to you by seasoned professionals with a superb reputation of posting accurate and honest information here on

You've got the choice to pony up the extra cash if you want the house and think you're getting a deal or you have the choice to walk away. The Seller likely doesn't have the money to pay. Don't waste too much time deliberating on this matter; the short sale process is fluid and you may find yourself out of a deal altogether if you wait too long to respond.

Focus on your original research and decision to buy this home. If the VALUE of this purchase is worth a considerable amount to you---whether in real dollars or intangible benefits---that is the basis of your decision to pay or not to pay the extra $4,000.00.

Short sale counter-offers are the NORM, whether it be from the MI company or for paying some other item the Seller can't pay so a Buyer can close. This is the sticky mess you got yourself into when you decided to buy a short sale.

My advice is more brutal than either of my colleagues: walk away. I think short sales are a disaster for home buyers. But that's just me being blunt.

Whatever you decide, Good Luck!

Trevor Curran
NMLS #40140
... more
2 votes 9 answers Share Flag
Mon Jul 9, 2012
Bud Zeller answered:
This reminds me of the old saying, "If you want to represent yourself in a court of law without an attorney, you have a fool for a client!"
0 votes 10 answers Share Flag
Thu Jul 5, 2012
Worfdog answered:
Hi John, what an interesting spin to the problem of what to offer in a competitive market - i had not thought of it like that - in my last situation the house would have probably appraised no higher than 220K probably less because of much unfinished work. The same house sold for 214 four months before. There was a undisclosed lein that showed up in the counter - so essentially I would have paid a minimum of10K over the asking price and had another 15K or more of work to do - with all those numbers? Is it still a "good buy" Im not sure how the appraisel process works< I know its hurting the market due to all the new regulations - appraisels are coming in low and conservative - I can tell you stories! I took a beating selling my rental because of a bad appraisel! So Im not sure if that affects the sales value of the rest of the neighborhood- John do you think the inventory situation is going to get better any time soon? I hear banks are refusing to release inventory...whats that all about? I have some thoughts but this is not the place to post them LOL
Thanks for your insight
... more
0 votes 9 answers Share Flag
Tue May 15, 2012
Kerri Habel answered:
If you want to give me your address, I can get you some additional information on the Mello Roos but most of the neighborhoods have Mello Roos or a Bond so shouldnt be a huge deal when selling the house as most buyers have come to accept this as part of the expense of buying in Folsom (some neighborhoods have quarterly or monthly HOA as well on top of the Mello Roos). Some of the bonds were 20 year bonds are set to be paid off in a few years (depending on when the house was built) but some of the Mello Roos is ongoing for park/trail maintenance so will never be paid off... Hope this helps and if you would like more specifics, please shoot me an email! Thanks ... more
0 votes 1 answer Share Flag
Fri Mar 16, 2012
Robert Lei answered:
Yes, you can use the listing agent.

It's a sellers market in the good school neighborhoods. Inventory is low. Even if you offered at or above list price, you still might not be the highest offer. ... more
0 votes 35 answers Share Flag
Mon Feb 6, 2012
Ed Favinger answered:
Sat Jan 7, 2012
Alps answered:
thank you all for your helpful comments. The information given was very informative and helpful for us as a first time home buyer. thanks all once again.
0 votes 11 answers Share Flag
Mon Nov 7, 2011
Jim Walker answered:
I looked at the post time for this question. It came just minutes before a big quake in Oklahoma City. How is that for a coincidence?
0 votes 5 answers Share Flag
Mon Feb 21, 2011
Morgan Larson answered:
My opinion is that $490k or less should be plenty to purchase a similar home in The Parkway or a surrounding neighborhood. I looked at Sold, Pending, and Active comps. There is plenty to support a sale price of $490k or less. Also, I noticed that a home that may fit your needs just came back on the market. In The Parkway, 3577sf, a little larger lot than some of the neighbors...

I'd love to chat more and find out how I can better serve you. Feel free to call or email. 530-503-5225 or
... more
0 votes 6 answers Share Flag
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