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Agent2Agent in Camarillo : Real Estate Advice

  • All110
  • Local Info7
  • Home Buying36
  • Home Selling3
  • Market Conditions10

Activity 6
Tue May 14, 2013
Robbie Starr answered:
I included a cat in my offer! Seller accepted, seemed as kitty did not want to move..
0 votes 3 answers Share Flag
Tue May 7, 2013
answered:
Thanks for asking Blanca,

We can do stated income loans to 3.5 Million, this is for high net worth borrowers.
We can also do Alt Doc 12 months bank statements to 3.5 million. (70 % LTV max.)

The loans are adjustable with an initial fixed period of 3-7 years where the par rates are 3%-3.625%
(3.09 - 3.73 APR) Then 2.5 % over the 1 year treasury average after that.

They are the only game in town for many high end borrowers.

Benefits

It can allow people to get cash out of their homes

It can help sellers sell their homes faster and for more money as they will have more borrowers

and it allows people who have been shut out of the market back in.
... more
0 votes 6 answers Share Flag
Sat May 4, 2013
Barry Shapiro answered:
0 votes 1 answer Share Flag
Fri Jul 27, 2012
John Souerbry answered:
Keeping in mind that few lease option "buyers" ever exercise the option - we'll not get into that - I argree with Roland that when and how much you get paid is based upon how the contract is written - which really means how well you can negotiate payments for yourself. You are free to charge a fee, a commission, or any combination of the two. Be creative. Get off the "commission only treadmill."
I've successfully closed about a dozen lease options and much of my payment came BEFORE escrow closed. Here are some examples of ways to get paid:
1) Finder's fee from seller at time of initial lease signing
2) A percentage of the monthly rent during the lease period
3) A fee on the day the buyer exercises the option
4) A commission at the close of escrow
As they say in real estate, commissions are not set by law... they are negotiable.
.
... more
0 votes 5 answers Share Flag
Mon Feb 20, 2012
Albert Goldberg answered:
Hi,

There are certain federal & state tax laws you must be careful of. I would like you
to call me so I can alert you to these, which you should take up with your attorney &; tax man, as that I cannot give legal or tax advice.

Al Goldberg Broker
30+ years experience
800-765-3609
amgrel@yahoo.com
... more
0 votes 5 answers Share Flag
Tue Dec 14, 2010
Dorene Slavitz answered:
Hi Ray,
Thanks for the question.
Sometimes asking for financials can be uncomfortable for people. My solution is to have a loan officer at my first buyer counseling session with the buyer. I once did have a buyer who brought something in that was supposed to be a Pre-Qual, but it wasn't anything I could present to the sellers. It's best to work with buyers who are serious and ready to buy. ... more
0 votes 8 answers Share Flag
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