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Home Buying in Carmel Valley : Real Estate Advice

  • All36
  • Local Info4
  • Home Buying12
  • Home Selling2
  • Market Conditions0

Activity 12
Tue May 30, 2017
Hello Maribell, Theses links should have the answers to any questions you may have on schools and boundries:

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. The 3bd 2ba single family homes in Carmel Valley start from 539k.

Do you have down payment and closing costs or do you need down payment and closing cost assistance up to 600k sales price? You may qualify FHA from a minimum 580 fico score and 3.5% down or DPA's from a minimum 640 fico score.

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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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0 votes 4 answers Share Flag
Sun Jan 22, 2017
Mike Lewis answered:
Hi Monica,
Your question, "How much is owners title insurance policy?" is a good one. As in the other answers below, it's based on your purchase price. What is the purchase price of the property?
Mike Lewis
Keller Williams Carmel Valley
The Lewis Team
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0 votes 5 answers Share Flag
Fri Aug 23, 2013
Benie answered:
It depends on what escrow company is handling the file and who your lender is. If your lender charges origination fees than yes it can be at 3%. Some escrow companies have outrageous junk fees that they charge and this can effect the amount of closing costs. My company doesn't charge origination and we may be able to help with some of the closing costs. ... more
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Sun Jan 27, 2013
fredeckert answered:
In California, If you were buying a moblie home, affixed to the lot and a the lot it sits on, you should be able to get title insurance. If you are just buying the mobile home and leasing/renting the lot, you can't, since you would come under the DMV, with a license! ... more
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Sat Nov 24, 2012
Joan Patterson answered:
Do you know what the comparable homes are selling for in the market? Remember, they don't have to sell to you. Your price may be too insulting. The problem you are facing is there is a lack of inventory out there right now. If the seller does not need to sell, and they know how much their home is really worth-why would they need to lower their sales price? They can just wait for someone who is willing to pay the price (if it really is not out of line with the current market). We are not in a declining market right now.

Make sure you know the true value of the home, otherwise, you are wasting everyone's time. If you really don't love the home then maybe you should look at others out there. Your realtor should be able to tell you if the home is listed too high. If it is, then decide what price you would like to pay. It looks like the seller is not willing to go $80,000 below asking. So, you need to decide to come up to their asking price or someone else may.

Joan Patterson, B.A., G.R.I., Realtor, License #01431647
Keller Williams Realty
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0 votes 21 answers Share Flag
Mon Aug 6, 2012
For Sale By Owner In Carmel Valley answered:
In the beginning, Carmel Valley had two major developers: Baldwin calling their area north of SR56 "Carmel Del Mar"; and Pardee who called their area "Del Mar Highlands". You can see these name references on monument signs or street signs within Carmel Valley, especially near Torrey Pines High School. Happy house hunting in Carmel Valley, Carmel Del Mar or Del Mar Highlands. (And south of SR56) Whatever you call it, it's a GREAT place to live! ... more
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Tue Jul 17, 2012
Brian Monjazeb answered:

From a lending standpoint, you will receive the property free of any encumbrances other than the mortgage you take out on the property. You and your lender wll be protected by a Lender & Owner's Title Insurance Policy.

The reason a property is sold throught the Short Sale process is the current owner has displayed to their lender that they are in financial destress and can not continue to own the property. In a large majority of these situation there are missed payments, back property taxes due, and even Tax Liens for past due State and Federal Taxes. The payment of these items is negotiated between the seller, their lender and sometimes the buyer. However the payment of these items is worked out, you will receive the property free and clear at the close of escrow.

Brian Monjazeb
Reginal Vice President
All Western Mortgage, Inc.
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0 votes 7 answers Share Flag
Tue Jul 17, 2012
Cindy Davis answered:
Purchase price should be based on recent sales within the same gated, complex regardless of how the property is listed. Agents make mistakes and don't usually research every item before they list...

My guess is that the property you are discussing is in a planned unit development which is quite different from condo ownership. You do own the land but are merely subject to the CC & R's of the gated community.
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Tue Nov 29, 2011
Anna M Brocco answered:
Since no link is visible, either directly contact the listing agent, or any local agent/realty office can also help you, they all have access to the same information, or if you know who management is, contact them... ... more
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Fri Aug 8, 2008
fredeckert answered:
These links may help you.
... more
0 votes 1 answer Share Flag
Mon Jun 30, 2008
Mike Lewis answered:
By Law - you should contact an attorney to be sure. I think a reasonable amount of time is within 30 days after close of escrow.
0 votes 4 answers Share Flag
Mon Apr 28, 2008
Dreamloan answered:
2% sounds like your total closing costs and that is about average. Sometime it is confused when Escrow provide an estimate of closing costs and the total of all your closing costs come to 2% they they are wrongfully called your escrow fees, the escrow fee should be just a portion of your total closing costs. Look at the breakdown and see what the escrow company is charging for their fee, it is 2% for that fee alone, that is far to high. If the total of all your "escrow" costs or closing costs are 2% that that is about right. ... more
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