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Home Selling in Arcadia : Real Estate Advice

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  • Local Info6
  • Home Buying23
  • Home Selling11
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Activity 17
Thu Aug 11, 2016
Sally Grenier answered:
Yes, talk to your CPA. We are not tax experts.
0 votes 1 answer Share Flag
Wed Jan 20, 2016
Von Bonilla answered:
It may be a good time for you contact a local real estate professional to find out what your home may be worth now. Sometimes investors may offer you options.

Much success,
Von Bonilla ... more
0 votes 4 answers Share Flag
Fri Dec 18, 2015
Rich Reed answered:
Ask the person inquiring about where they got their information. Try googling your address and see if it shows a recent listing. Contact a local Realtor and have them check for you.
0 votes 2 answers Share Flag
Fri Mar 27, 2015
Sheryl Arndt answered:
Hello Manmohan, you may qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and minimum 620 fico score. You may qualify FHA ONE YEAR after a short sale, foreclosure or deed in lieu with extenuating circumstances and minimum 500 fico score.

Traditional FHA financing requires 3 years after a short sale, foreclosure or deed in lieu and Conventional financing requires 7 years after a short sale, foreclosure or deed in lieu.

You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

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.

The purchase in Arcadia start from 389k for 2bd 2ba condo, 428k for 3bd 2ba condo and the single family homes start from 469k for 2bd 1ba home. If it is a REO foreclosed home that needs repairs you may choose the 203k purchase loan to renovate from a minimum 580 fico score.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 6 answers Share Flag
Thu Mar 12, 2015
Cindy Davis answered:
There is no way to answer this question for you without knowing what type of paperwork exists on the house. Whose name is it in? Are you on the mortgage? What type of legal document exists between you and your mother regarding the house? ... more
0 votes 1 answer Share Flag
Mon Dec 22, 2014
Judi Monday, CRS answered:
You can check your county records to see how it was recorded. Many will allow you to do this online, otherwise you'll have to make a trip to the recorders office.
0 votes 9 answers Share Flag
Sun Oct 12, 2014
Kevin Tu answered:
Your house is at great school district. Great location pushes up the price of listing. Give it a try! You'll find it's not difficult to sell your house at your price. By the way, if you or your spouse are age 55 or older, you may buy a new and downsized house with lesser price than your existing primary residence and transfer the trended base to your new home; meanwhile, cash out your fund for retirement arrangement. If you need a precise consulting service please feel free to contact me. ... more
0 votes 13 answers Share Flag
Wed Jul 16, 2014
Julie Bencosme answered:
First of all, so sorry to hear about your mother. It is a loss that only gets tolerable but never goes away. Do they want you out or they want to sell the house? I would be happy to help. I can pull title to see who is on the title. Then we can get a better understanding of your options. Hope that helps. ... more
0 votes 3 answers Share Flag
Wed Jul 16, 2014
Julie Bencosme answered:
First of all, so sorry to hear about your mother. It is a loss that only gets tolerable but never goes away. Do they want you out or they want to sell the house? I would be happy to help. I can pull title to see who is on the title. Then we can get a better understanding of your options. Hope that helps. ... more
0 votes 4 answers Share Flag
Fri Feb 8, 2013
John Arendsen answered:
Ron, shame on you for continuing to insist that the Department of Motor Vehicles has anything whatsoever to do with Manufactured homes. Any/all registration and/or title issues are regulated by the California Housing and Community Development Department, (HCD) Division of Codes and Standards.

Please refer to the link below for current and accurate information. If you went to the DMV this is where they would refer you so don't waste you time with them.

{http://www.hcd.ca.gov/serp.html?q=lpt&cx=001779225245372747843%3A7e5oq8f8fyu&cof=FORID%3A10&ie=UTF-8&siteurl=http%3A%2F%2Fwww.hcd.ca.gov%2Fcodes%2Fforms%2Findex.html}

Whether it's a considered Local Property Tax (LPT) or In lieu of Property Tax (ILP), http://www.hcd.ca.gov/codes/Definitions.pdf

LOCAL PROPERTY TAX AND TAX CLEARANCE CERTIFICATE
There are two methods of taxing Mobilehomes. One is Local Property Taxation (LPT) the other is In Lieu Taxation (ILT). Mobilehomes subject to Local Property Tax (LPT) are assessed by the Assessor's Office, as personal property, and taxes are collected by the Tax Collector's Office of the county in which the Mobilehomes are located.
When there is any change of registered ownership on a mobilehome subject to Local Property Tax, a TAX CLEARANCE CERTIFICATE, issued by the County Tax Collector's office is required, in addition to other required documents.
The following Mobilehomes are subject to Local Property Tax (LPT):
1. All Mobilehomes first sold new on or after July 1, 1980.
2. All Mobilehomes installed on approved permanent foundation systems become real property.
3. Mobilehomes whose owners failed to pay the In Lieu Tax between July 1,1980 through May 31,1984.
4. Mobilehomes whose owners request a voluntary transfer to Local Property Tax.
Once a Mobilehome, which was subject to In Lieu Taxation (ILT), becomes subject to Local Property Taxation (LPT) it cannot revert back to In Lieu Taxation.
... more
0 votes 3 answers Share Flag
Thu Dec 27, 2012
Minna Reid answered:
To avoid a last minute problem around an arms length agreement, you may want to refer this listing out to another agent to handle, if your wife will be the buyer. Good luck!
0 votes 6 answers Share Flag
Tue Oct 23, 2012
William Tong answered:
Your feeling is correct. This is fraud as your in-laws plan on staying in the property. If your in-laws really want to stay they have 2 options: pay the mortgage or get a refinance to reduce their mortgage payments and pay those payments.

It is not your responsibility to save your wife's family. You should advise your wife's family to just sell the house and move into a more affordable house.

Good luck!

-William
Arcadia Real Estate Expert
310-256-3729
william@goldenlandinc.com
... more
0 votes 13 answers Share Flag
Thu Sep 6, 2012
William Tong answered:
Long story short, figure out why you want to sell. Property values are extremely likely to increase.

There aren't that many homes on the market right now and there are lots of people who want to buy a house in Arcadia. Your 3 bedroom should easily sell for $950,000-$1,500,000. We would need to look at the specific area to lock down the price.

If you have a home in Arcadia, then you know that property values are closely tied to the school system. It's one, of many, reasons why the same size home in Arcadia will sell for almost double that of one in the surrounding neighborhoods. Arcadia is doing a lot of work to improve the school system already in place; just look at new school construction, educational rankings, etc.

-William
"Your Trustworthy, Professional, & Reliable Realtor"
310-256-3729
GoldenLandInc.com
... more
0 votes 10 answers Share Flag
Mon Oct 24, 2011
MLSUnlimited answered:
If you have to come here asking this question, I would say your agent is not doing a good job communicating the rationale behind the price reduction. It could well be your agent does this out of frustration. It is very rare you have to take a 4% cut for a house that just falls out of escrow unless you are in a market with rapid deterioration. ask your agent why, and if you are not happy, maybe it is time for a new agent.

MLSUnlimited - http://www.digi-go.com/mls/
Sell Your House Fast w/ Flat Fee FSBO MLS Listing
... more
0 votes 6 answers Share Flag
Thu Sep 1, 2011
Joan Lorberbaum Moore answered:
With apology to Wm. F. Shakespeare . . . A relative by any other name would still be a relative.
If one lies on the "Affidavit of Arm's Length Transaction" then that party is committing fraud. ... more
0 votes 11 answers Share Flag
Thu Oct 2, 2008
Hugo Torres answered:
Not quite sure what you are referencing here but I have been reading the answers, blog posts and discussions of Real Estate professionals and I am very impressed by the quality and quantity. You're in good company here. ... more
0 votes 1 answer Share Flag
Thu Aug 21, 2008
Debra Racz answered:
My Dad and My husband are interested in your RV. Did you sell it yet? Dad had a place in Arcadia in an RV park.
0 votes 2 answers Share Flag
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