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95820 : Real Estate Advice

  • All23
  • Local Info4
  • Home Buying9
  • Home Selling1
  • Market Conditions0

Activity 18
Tue Sep 19, 2017
Derek Jones answered:
Some things to think about; when you buy a house you'll have closing cost of about 2% of the purchase price and when you sell you can expect closing cost of about 5-7% of the purchase price. So if you buy at $350k you'll have closing cost of roughly $7,000 and if you sell at $400k you'll have closing cost of about $24,000. So that's about $31,000 taken away from any potential profit. So in a perfect world you may end up netting $20-25k if the above scenario happens but no one knows where home prices will be in the future.

Compare that to renting @ $1,000/m for 60 months is $60,000k down the drain...
... more
0 votes 1 answer Share Flag
Mon Sep 5, 2016
Scott Godzyk answered:
Hard money is short term, most often buy, fix and sell under a year. They often do not do 100% financing with no or bad credit
0 votes 3 answers Share Flag
Thu May 12, 2016
answered:
Hello Dawn, it may be a HUD home that has to be bid on with a licensed HUD agent like myself. It is not on the HUD for sale list yet. If you need financing to purchase that type of home you can buy those types of homes with the 203k loans.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 1 answer Share Flag
Thu May 12, 2016
answered:
Hello Dawn, yes there are but why are you particularly looking for these types of properties? Do you have all cash to buy or do you need financing? If you need financing to purchase you can buy those types of homes with the 203k loans.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 4 answers Share Flag
Thu May 12, 2016
answered:
Hello Dawn, why are you particularly looking for these types of properties? Do you have all cash to buy or do you need financing? If you need financing to purchase you can buy those types of homes with the 203k loans.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
0 votes 1 answer Share Flag
Thu Aug 8, 2013
Teri Andrews-Murch answered:
Hi Kenny,

All would depend on location, square footage, lot size, amenities.....................if you can provide a little more data for us to give a ballpark guess
0 votes 8 answers Share Flag
Sat Mar 16, 2013
Kylee Roe answered:
You may be able to find an apartment at that rate. Many apartments will take small pets, so that should not be a problem. Good luck and god bless on your way back to good credit! You can do it! ... more
0 votes 2 answers Share Flag
Tue Jan 8, 2013
BB answered:
It helps to be with an experienced agent/broker-associate like myself who has been involved in many short sales. If you have any further questions, don't hesistate to shoot me an email:

Brian Gorban
bgorban@gmail.com\
Broker-Associate: DRE # 01901473
... more
0 votes 5 answers Share Flag
Tue Jan 8, 2013
BB answered:
Shouldn't need to buy all-cash, but the seller typically chooses that as it obviously has a higher chance of closing (not loan and/or appraiser contigent)
0 votes 8 answers Share Flag
Tue Jan 8, 2013
BB answered:
Yes, in my experience, the banks are so backlogged and always best to stay in touch with your contact person..Hopefully they get their act together and get it closed for you!
0 votes 11 answers Share Flag
Tue Jan 1, 2013
Nancy Bergman answered:
Hi John,
Like Kylee said, the listing information is undefined. However, I can tell you that the neighborhood is cute and the prices have increased a lot in the area.
I know this area well! It is the Colonial Village neighborhood and most of the homes are 3 bedrooms 1 or 2 bath ranging from 1000 -1200 sq ft.
Nancy
www.sachomesbynancy.com
... more
0 votes 2 answers Share Flag
Thu Aug 23, 2012
Grounded. Real Estate answered:
It's in the south Oak Park neighborhood. I specialize/live/work in this area. That particular home looks like it was in pretty rough shape when it last sold. There are some great deals around the neighborhood and the overall market is trending up. Great cash-flow on rentals and good flip opportunities. The neighborhood is also in a state of renewal. Hope this helps!
-Sam
... more
0 votes 3 answers Share Flag
Mon Oct 17, 2011
answered:
I suggest you avoid this. Usually, the only person that benefits is the seller. You only need 3.5% down or maybe less to get a FHA loan. Google lease to own. See what more info you can get.

Happy funding, Rudi
... more
0 votes 5 answers Share Flag
Sat Apr 16, 2011
Teri Andrews-Murch answered:
Hi Dawn,
It looks like maybe you were able to remove the question that you didn't post as I don't see it on your profile.

Most likely it was due to not logging out of Trulia on the computer you were using and someone using the computer posted the question thru your open account. Always click the log out button when you are finished.

Have you connected yet with a Sacramento agent yet to help you find a home and the grant program that will work for you? You are correct that there are some great buys out there and programs to help you obtain your own home and a place for your grandchildern, the first step is to find an agent that will help you start on that path, there are many agents that post answers here that you can call or if you need a referral I can help you find someone that works in that area, let me know.
... more
0 votes 3 answers Share Flag
Mon Oct 18, 2010
Maurice Thomas answered:
I work with the majority of buyers. If you are looking to get into a home, get in contact with me. I will see if I can find a good loan agent for you. My number is 415-705-9405 or look at my website www.myeagleeyerealty.com ... more
0 votes 5 answers Share Flag
Sat Oct 17, 2009
Russ Greenberg answered:
If you have the time and knowledge you can run ads and keep meeting potential tenants to show the property. As a licensed Realtor we do it all for you and do not get paid unless we get it rented. Usually for only a 1 month fee and takes the stress and aggrevation away from the homeowner. Plus we have access to running credit and background checks, the power of listing the property on the Real Estate Multiple Listing site as well as other public site we are affiliated with opening up the exposure to potential tenants and other Realtors with clients adding much more exposure than you can get as an individual. Thats what we do so I would hire a professional you trust and are confident in working with. Another thing is to get stuck with a bad tenant working on your own, most people who are deadbeats or scammers prefer to not work with an educated Realtor who knows how to do his/her job right and can't pull a fast one. The fee is well worth securing a good new tenant. Good Luck.
Russ Greenberg
Weichert Realtors Village Point
Boca Raton, FL
FlaHomeMover@aol.com
... more
0 votes 7 answers Share Flag
Tue May 26, 2009
Sue Archer Reynolds answered:
I can pull title reports online for you, as all reatlors in the Sacramento area have access to the realist information. You can also go to the county recorder's office, located at either Madison and Hazel, (in Fair Oaks) or at 600 8th street (downtown Sacramento).

Obtaining all of the records would sound to me like a first step in investigating what has been happening on any property that you have in question. If there appears to be any fraud or misrepresentation, then you would need to contact an attorney, (for civil actions). or the police (for any criminal actions). The County recorder's office can also advise you on a direction to pursue, should your former spouse had presented a false document in order to file a transfer of ownership.
... more
0 votes 2 answers Share Flag
Thu Oct 23, 2008
Ute Ferdig answered:
Hello Trisha. This home has been under contract since 9/15. The asking price was $129,900. Sorry you missed out on this one. The good news is that there are lots of other similar homes on the market. Let me know if you'd like more information concerning current inventory. I'd be happy to assist you if you are not already working with an agent. ... more
0 votes 2 answers Share Flag
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