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Home Buying in Carmichael : Real Estate Advice

  • All65
  • Local Info3
  • Home Buying23
  • Home Selling1
  • Market Conditions2

Activity 26
Tue May 31, 2016
Leilani Barnett answered:
There are dozens of down payment assistance programs for Sacramento, Yolo and Solano County residents. Check which you qualify for at www.SacDown.com.
0 votes 5 answers Share Flag
Tue Mar 1, 2016
Sally Grenier answered:
Are you inquiring about a house to buy or rent? If you're looking for a house to buy, you really need to have a REALTOR working for you as a Buyer's Agent. He/she can get you in to see the property. It's possible the listing agent is inundated with inquires, which is another reason why you need your own agent! If it's a rental, it's quite possible it's already been rented and the landlord or prop management company just doesn't want to deal with any more inquiries. ... more
0 votes 1 answer Share Flag
Tue Jan 19, 2016
Karen and Paul Catania answered:
Although this is an old question and I haven't seen 22 offers on a property lately we are getting into multiple offer season again. With any high amount of multiple offer situations the seller most likely will be accepting the highest and best offer. Don't expect any counter offers. The Sellers usually get more than they wanted and the offer are really clean so they will accept a great offer quick. Keep in mind that a seller dealing with 22 offers knows they are disappointing 21 other buyers and most likely are pretty stressed out. If you are going to offer on a multi offer property and you really want it, you need to put in all you can and make it as clean as possible for the sellers. It's an irritating word but it really needs to be your 'HIGHEST AND BEST'. If your agent tells you they will probably multi counter you, don't count on it. Excellent offers get passed up so don't feel bad if you did all you could from the start. ... more
0 votes 7 answers Share Flag
Tue Jan 19, 2016
Karen and Paul Catania answered:
Fannie Mae will only lend to owner occupied properties. If you want to borrow their money you need to follow their rules. Most lenders also do not lend on land and/or add any value to land as part of their appraisals so any structure on the land such as a mobile home, workshop, garage, ect has to be valued at the overall price of the property. A $50,000 mobile home on a $100,000 piece of land will never pass a lenders appraisal for a loan. ... more
0 votes 6 answers Share Flag
Thu Mar 19, 2015
Derek Jones answered:
Feel free to shoot me a call or email and I can help you with your purchase.

Derek
9162134382
derek.jones@cbzhomes.com
0 votes 1 answer Share Flag
Thu Oct 2, 2014
Derek Jones answered:
You can check here: http://www.barretthillsneighborhood.org/ or call the local HOA
0 votes 2 answers Share Flag
Thu Dec 12, 2013
Brian Nguyen answered:
HUD defines a first-time homebuyer as someone who has never owned a home before. An individual who has not owned a home for at least three years is also considered a first-time homebuyer. So you are definitely considered a first-time buyer. Since you did have a short sale, you may be limited on what loan you choose depending on your down payment. Well you are certainly able to qualify for FHA since you are past the three year waiting period. When it comes to conventional, the waiting period is two years if you have a 20% down payment, four years for a 10% down payment, and seven years for a down payment less the a 10% down payment. Either way, I recommend that you speak with a lender directly to get started on a home loan. I would be glad to speak with you to help you get the loan that you need. Well I hope this helps! If you have any further questions or if you would like a loan, feel free to contact me! Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
0 votes 6 answers Share Flag
Wed Nov 27, 2013
Jason Walter answered:
I'm very familiar with that street but it doesn't appear to be a rentals there. Is there anything that you are looking for in particular? That is a very desirable place to live.

REALTOR® - lic #01923240
Certified Public Accountant (CPA) - lic #103885
Hammer Real Estate Group
jasonwalter.re@gmail.com
cell ph 916-716-1341
... more
0 votes 2 answers Share Flag
Mon Oct 21, 2013
Sue Archer Reynolds answered:
According to Google, it was 61,762 as of April, 2010.

As there has been limited growth in the area, in terms of new housing developments, etc. I assume it will be close to that. So the question is why did you want to know, and why would you ask here rather than Siri, or google? ... more
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Sat Apr 27, 2013
Randall Ortiz answered:
Were you able to find a home? If not, contact me if you still need assistance.
0 votes 6 answers Share Flag
Tue Feb 12, 2013
Keisha Mathews answered:
Regarding your reply under Michelle Thompsons' post:

"Thank you very much for your answers all.
I would like to file some kind of "notice" with the recorder's office that I have a contract to purchase the property so that no escrow company, realtor or lender will want to touch the property I have a contract to purchase. Could it be useful? what kind of notice? thanks again"

Can you clarify? Is the home in California or Nevada? If it's in Nevada, you will need to check with agents in Nevada and a real estate attorney in that area. Not sure how/why your question fell under "Home Buying in Carmichael". Real Estate laws/contracts differ from state to state.

The answer most of us (agents licensed in California) gave below would only apply if you are in contract in California.
... more
0 votes 6 answers Share Flag
Thu Aug 25, 2011
Deborah Garvin answered:
Al, Since your question is from March, I have to assume you found some resolution or you gave up! However, I think a consumer in your situation may have more options than you think, A thorough conversation with a mortgage professional may just get the deal done. I know I just pulled a transaction from the fire pit over a sudden drop in credit score and all it cost the client was $40.00 for one trade line and one bureau on a Rapid Rescore. I got the 45 points I needed to make the transaction work. Docs are being drawn tomorrow and the loan will close on time 8/30. Oh, I received the loan application last Thursday afternoon. Sometimes, there is more than one way to accomplish a goal...good ole BofA just declined the loan. I am grateful to them for the opportunity to help my, now very loyal, client. ... more
0 votes 13 answers Share Flag
Thu Aug 25, 2011
Max Boyko answered:
Depends on their leases and the agreement you can make with them. If they are on a month to month, you can put into the purchase contract for the property to be vacant. Your agent should be able to assist you with writing the contract properly. If you need one let me know, we specialize in the Carmichael area. ... more
0 votes 13 answers Share Flag
Sun Aug 7, 2011
Suz A answered:
Gci:
Just an aside: additional due diligence that goes beyond inspections can be enlightening. The disclosure form can be just a smoke screen. How many people do you believe represent with complete honesty about what they know about a property? I give people the benefit of the doubt, but this is business. And, in a case where an absentee landlord is involved, you have to ask if the document is going to be enlightening at all. And how about heirs to an estate? They can claim complete ignorance. Inspections are going to be more telling. And why stop there?

Personal anecdote: I was interested in a property in Brentwood, CA about 12 years ago, but balked on going forward. Why? A visit to the city planning office produced information that a mysterious gasoline leak had been discovered running through the neighborhood. The neighborhood was distressed, needless to say, because the source of the leak was unknown. That seemed odd. You would think the neighbors would pressure the city to keep looking until they found the source and made someone fix it.

I could have negotiated a much better price taking the gamble that the city eventually had someone (like the neighboring service station) locate and stop the leak. But, I passed on the deal.

It's just good business to examine all available information.

I'm sure things will work out well for you, Gci. Great question!

Best,
SuZ
PML of Longmont, CO
... more
0 votes 14 answers Share Flag
Fri May 14, 2010
Patrick Saumure answered:
Each of these areas are desirable and have their own character. I agree that you need to consider which area speaks to you and your lifestyle. In addition, you did not mention a price range you're considering. That would make a significant difference on the type homes to be considered within those areas. In regards to long term gain I believe each of those areas will show a similar appreciation. A few considerations would be proximity to job base, river & lake access, public transit options, school districts, and services. FWIW, if I did not live in Carmichael I would choose to live in Folsom. ... more
0 votes 4 answers Share Flag
Fri May 14, 2010
Patrick Saumure answered:
There may be homes that meet your requirements in the Garden Of the Gods and Maddox Ranch area. You'll find that the home prices in those neighborhoods are a little lower than Arden Park. Don't overlook this area you may find just what you're looking for. ... more
0 votes 6 answers Share Flag
Thu May 6, 2010
Tamara Dorirs answered:
Hi Jennifer,

No way would I wait if I could swing it. My economist, Howard Blum, predicts prices have def. bottomed out and will be on the rise ASAP.

Good luck!

Tamara
1 vote 6 answers Share Flag
Sat Apr 10, 2010
Jim Walker answered:
Is Manzanita and Winding Way close enough for you? that is where my new listing at $250,000 is located.
(Barrett Hills part of Carmichael. ) see the link for details.
0 votes 5 answers Share Flag
Tue Feb 16, 2010
Keith Sorem answered:
Jennifer
Are you working with a Realtor? It sounds as though you are not, and you should be talking about this with someone who knows the market (perhaps Sue Archer).

Look at the link below. It appears that home values have dropped. Interest rates have dropped. What would it take for you to believe that this is the right time to buy? ... more
0 votes 2 answers Share Flag
Thu Feb 4, 2010
Uncle Steves sells homes answered:
The maket is flooded with short sales and the obvious thing about most is the price. Unless a true BPO or Broker Price Opinion has been completed on the home then there is a good chance the price is to good to be true.

When I get a REAL BUYER meaning someone that is truley on the hunt for a home, I will warn them about tying up their time on a short sale.

A lot of these short sales will end up in foreclosure and then the home is ready for serious buyers.

As they say buyer beware!
... more
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