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Home Buying in Bonita : Real Estate Advice

  • All40
  • Local Info2
  • Home Buying14
  • Home Selling0
  • Market Conditions4

Activity 14
Sun Mar 15, 2015
Chris Millar answered:
Best I know they're still trying to lease the building Silverio. It's been available for more than a year now. I think part of the challenge is that it's a lot of space for a business wanting to locate in the small community of Bonita. Let me know if I can be of any assistance to you...

Chris Millar
619-292-2054
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0 votes 1 answer Share Flag
Wed Nov 27, 2013
Media Fettinger Team - Trusted Realtors answered:
Hello Wamu,

It sounds like you're wondering about high crime areas and maybe even where the best schools are in Bonita. Here are a couple of great websites that can give you all the info you're looking for:

www.crimemapping.com & www.greatschools.org

Happy Thanksgiving!

Media Fettinger
Realtor
Century 21 Award
MFettinger@century21award.com
... more
0 votes 3 answers Share Flag
Wed Sep 4, 2013
Maureen Byers answered:
Hello, Please call Maureen at 760 622 6855 or email at maureen@landangel.com to discuss and for a list of current, accurate horsey inventory and Realtor Buyers representation. 40 years interstate experience in homes with acreage and horse properties!! We will be happy to be on your team!
Lets chat soon!!
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0 votes 9 answers Share Flag
Tue Aug 13, 2013
answered:
Good afternoon Marcella,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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0 votes 5 answers Share Flag
Sun Feb 3, 2013
Brippie answered:
Maybe BofA wasn't the problem. Maybe the anger you feel towards them is a result of the guilt you feel about not honoring your agreements and losing your word. I can imagine that is a difficult thing to go through. ... more
0 votes 5 answers Share Flag
Mon Sep 17, 2012
Robert Chomentowski answered:
I would be happy to assist I am a local San Diego VA specialist. Feel free to call me at 858-922-7899. I even have a blog just dedicated to VA loans, www.socalvaloans.com.
0 votes 7 answers Share Flag
Sun Aug 7, 2011
John Arendsen answered:
This may be a little bit of a stretch but in many ways the current state of the RE market is somewhat reminiscent of the stock market in that the stock market factors in anticipated chaos and adjusts accordingly. That in part is why the big boys stay and play and the more unsophisticated investor tends to divest and run as was evidenced in the recent S&P credit downgrade that triggered the sell off we've been seeing for the last several sessions.

What I see happening in the RE market is similar. The more sophisticated and cash laden investor has adjusted in anticipated loss or gain in value and is buying to hold and rent/lease while the average Johnny Six Packer and Linda Lunch bucket continue to straddle the fence.

Albeit RE is local and many areas of the Country are seeing an increase in sales the ongoing negative economic news, unemployment, political dysfunction, shadow inventory, etc. continue to stifle the RE market overall making it less desirable for the average buyer to pull the trigger.

However, having said that now that America has been downgraded money will become more expensive which is likely to drive interest rates up. Folks with ARMs and HELOCs may see an upswing in their loan balances and it could even trigger concern for investors.

So before that happens the best thing the RE professional can do is to inform fence sitters that if they're considering buying a home to live in for at least several years that now's the time to do it. Money will no doubt be more expensive and that can and probably will further exacerbate the RE market. Just my opinion for what it's worth.
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0 votes 12 answers Share Flag
Sat Aug 6, 2011
Ron Thomas answered:
The Market Value is what the Buyer is willing to pay:
What you want to know is the CMA; and you will have to enlist the aid of a Buyer's Agent for this.

Good luck and may God bless ... more
0 votes 3 answers Share Flag
Tue Jun 29, 2010
Cory La Scala answered:
Hi Mandy,

3071 Plaza Leonardo is in a FHA approved complex. Give me a call if I can help with anything.

All the best,
Cory

Realtor
Independence Realty
0 votes 2 answers Share Flag
Tue Feb 23, 2010
John Stacy answered:
Hi Josh,

The MLS is showing this property is currently a "Contingent" short sale (more than likely the seller has approved the buyer's offer and is waiting for final lender approval).

Regarding permits, you can go to the city/county department of planning/records and verify the history of any permits and additions. The termite inspection/clearance tags are usually found attached to the garage wall showing the company/technician and date of the last inspection and/or when the clearance was issued.

Since this is a short sale, the owner of the property should be providing the buyer with full disclosures. The TDS (transfer disclosure statements) from the seller should show if they have any knowledge of any improvements, repairs etc... and the condition of the property to the best of their knowledge.

In addition, you should always due your own due diligence and have a home inspection performed. If you feel the need, you can always have the roof inspected by a licensed contractor (at your expense) before removing your contingencies and completing the transaction. You might want to wait having the inspections done until you get the lender(s) written approval, because there isn't any guarantee that the short sale will be approved.

FYI... This home has been sold three times within the last 9 years: 9/20/04, 05/09/02 and 12/15/01. I hope this helps...

With Kind Regards,
John Stacy

Realtor, CDPE
Bank Owned and Short Sale Specialist
Weichert Realtors Elite
619.892.2985 cell
john@johnstacysellshomes.com
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0 votes 2 answers Share Flag
Sun Oct 25, 2009
Maria Petrecs answered:
Hello Hector,

There are many homes available in San Diego at your price range. For a more accurate search, please let me know your criteria and the area you are looking for.

Please let me know if you need any further assistance.

Maria Petrecs
Realty Experts
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0 votes 2 answers Share Flag
Sun Sep 27, 2009
Guavagarden answered:
Hi Bonita Buyer,

I'm in a similar situation and am wondering how things turned out for you? What did you offer and did the bank accept...I have found a house I adore, but have champagne taste with the beer budget (well not beer)
; - )

Seems like everything is getting snatched up before I can even make an offer.
... more
0 votes 5 answers Share Flag
Tue Jan 13, 2009
Tony Abad answered:
Octavio,

Tara's answer is on the money. The only thing I would add is going to a HOA meeting and talking to the board members and the management company to get a feel for how well the community is run. For example, are the reserves in place to handle future repairs such as pools, fences, sidewalks, or what ever else may be covered in the HOA. This way you are not surpirsed with an assessment the moment you move in.

Best of luck!
TA
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0 votes 2 answers Share Flag
Sat Aug 2, 2008
Agustin Del Toro answered:
Marcela! You don't have to buy directly from the listing agent or the bank, any agent could help you,(note) it is very important to work with an experience agent and good reputation, please call me if you have any questions.
A. Del Toro/Broker 619 248 3735
... more
0 votes 4 answers Share Flag
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