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Home Buying in Claremont : Real Estate Advice

  • All41
  • Local Info4
  • Home Buying15
  • Home Selling1
  • Market Conditions2

Activity 17
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Sun Oct 2, 2016
Sheryl Arndt answered:
You do not need to necessarily have credit cards per say as you may qualify FHA with alternative credit such as utility bills such as gas, electric, phone, television, car insurance, cell phone, car payment, renters insurance and rent.

You may qualify FHA with NO FICO scores and alternative credit or you may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

You will need to be pre-approved if you decide to buy and 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, 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.

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
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
Emma, Home Buyer in Tampa, FL
Fri Oct 16, 2015
Emma answered:
Call Emma Bradley @ Reliant Bank Mortgage Services 813-756-8647 Office, or cell 352 364 2838
0 votes 11 answers Share Flag
maria m, Renter in Colorado Springs, CO
Fri Apr 17, 2015
maria m answered:
I agree , how do u keep track and do u never have visitors, I'm glad I'm not ur neighbor
0 votes 3 answers Share Flag
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Sat Mar 28, 2015
Alex Montelongo Real Estate Group answered:
It sounds like the Realtor didn't do anything wrong. Everything was disclosed to you and ultimately you made the decision to accept the contingent offer. The agent did a fine job. You may have some personal issues with your agent earning her commissions. So you want to sell your house for over asking price, buy your new house contingent on the sale of your property and get everything that you want!!?? AND... you want to possibly ruin the reputation of your agent that is helping you accomplish all of this?? I feel for your agent... ... more
0 votes 3 answers Share Flag
Aroundclarem…,  in Claremont, CA
Wed May 30, 2012
Aroundclaremont.com answered:
It would come down to your preference for proximity to the Claremont Colleges, which might be to expensive or busy for you. Because of the city income from the colleges, you don't have any blighted areas or run down streets. You may want to drive or walk around the western edge of the community that turns into Pomona, where home values are a little lower and roads a little rougher. ... more
0 votes 6 answers Share Flag
Roland Corral, Real Estate Pro in RANCHO CUCAMONGA, CA
Fri Sep 17, 2010
Roland Corral answered:
Hi Dezzy, I'm a Realtor but also a licensed and certified real estate appraiser. You're speaking my language when you ask about value. If a bank won't invest it's hundreds of thousands of dollars without the advise and opinion of an appraiser, why should you do any less? Please call me asap. I promise you will be pleased with what I have to tell you. Also, please let me know if you haven't owned a home in the last 3 years. You may qualify for first time hb down payment assistance. I've helped people get over 80K before. God bless and happy hunting. :) ... more
0 votes 8 answers Share Flag
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Sat Feb 20, 2010
Sheryl Arndt answered:
Hello Eugene, 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 Claremont currently start from 289k for 2bd 2ba condo and the single family homes start from 399k for 2bd 1ba home which is as low as $2,000 down payment from a minimum 580 fico score.

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.

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.

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 10 answers Share Flag
Lori Duran, Real Estate Pro in Mission Viejo, CA
Sat Jan 23, 2010
Lori Duran answered:
Claremont is a wonderful community to live in; I live in north Claremont close to the high school. Claremont values have held better than many areas because there has been very few foreclosures. In other words there has not been an over supply of homes on the market. Investing in real estate right now is a very good move. You can take advantage of the low interest rates as well as the tax credit. Prices are moving up, so I would suggest getting approved for a loan and find an experienced agent or broker. Hope this helps:)
Lori Duran
Broker Associate
ERA Yes!
Glendora Ca
... more
0 votes 3 answers Share Flag
Shel-lee Dav…, Real Estate Pro in Rolling Hills Estates,...
Wed Dec 23, 2009
Shel-lee Davis answered:
The net to the bank is calculated on very slim margins. When the short sale lender issues the approval, the net they agree to take is based on a HUD-1 (estimated closing statement) prepared by escrow, already whittled down to the very bare minimums of all costs and fees (for example, Bank of America will only pay $750 in escrow fees, even though escrow fees on this purchase price would be between $1050 & 1160). If there is $18,000 over and above the approved commissions on the sale, that is because there are $18,000 of costs and liens that need to be paid in order to transfer clear title. And, if it was not on the approved HUD, then the bank will not pay for it.

Short Sale Banks, as a rule, do not pay for termite or home warranty. Your agent should have made this clear at the beginning of the transaction. They will only pay for items required to transfer clear title (which might include City Reports and Retrofits, health and safety issue, senior liens, etc.). The Short Sale lender is being asked to take less than what is owed to them so that you can buy the house. If you negotiated well, you should be getting a great deal on the house. Would you want to tank this deal over $2,000 in termite work?

All that being said, everything is negotiable. Although in short sales the bank, pretty much, holds all the cards. You can request these costs and have the listing agent present them to the bank. Your chances of having them paid are slim, but if you don't ask, your chances are zero. Good luck. Hope you love the home you are buying. Dare to Dream.

Shel-lee Davis, CDPE
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty
http://shel-lee.listingbook.com
... more
0 votes 2 answers Share Flag
Jesse Sierra, Real Estate Pro in Pomona, CA
Sat Aug 22, 2009
Jesse Sierra answered:
Peace,

Is the agent double ending the deal?
Did they send you a rejected offer? (if not)
Request the seller to reject your offer at the bottom of the Purchase Agreement.


You should of had your agent set up a meeting to negotiate face to face with the sellers.
I know that this is rare, but I always request that we submit the offer to the seller in person that way they can put a face on the offer (But, they always beat us with a higher offer) it would of been good if they accepted my client's offer as in this situation. LOL

I know it bites, but hopefully my input helps,

Jes Sierra, B.Sc.
Realtor®
... more
0 votes 3 answers Share Flag
Diana Margala, Real Estate Pro in Rancho Cucamonga, CA
Fri Jun 5, 2009
Diana Margala answered:
One more thing…one week is usually enough time to paint in carpet if that helps.
Diana 909-945-5763
0 votes 16 answers Share Flag
Joan Patters…, Real Estate Pro in Rancho Cucamonga, CA
Thu Jan 8, 2009
Joan Patterson answered:
Hi Diane,

I grew up in the Midwest so I understand how cheap the housing is! It certainly is a shock out here, but the weather sure pays for itself! You cannot beat the 75 degrees we had today!

I just checked the MLS for you regarding Claremont. There is one home under $350,000 in Claremont. It is a 3 bedroom 1 bath, single story, built in 1952, only 1082 sq. feet on an 8000 sq. foot lot. So, this is smaller than you wanted. There are a few other homes listed at $399,000 right now in Claremont.

There are other areas that are quite lovely that are close to Claremont. The closer you get to Los Angeles, the higher the prices. I live in Alta Loma or some people call it Rancho Cucamonga. There are a lot more homes under $350,000 and they are really nice as well. Upland has many nice homes too. Why don't you plan on coming out here and I can give you a tour of the areas and homes that are on the market. Maybe that will help you determine better.

I would be happy to send homes via the internet if you would like. You can contact me at my email address below.

Kind regards,

Joan Patterson, B.A., A.S.P., G.R.I., Realtor
Keller Williams Realty
951-204-1864
calljoan4homes@aol.com
... more
0 votes 2 answers Share Flag
Keith Sorem, Real Estate Pro in Glendale, CA
Wed Aug 20, 2008
Keith Sorem answered:
Shawn
You have some very good answers. I would add my two cents:
1. In most markets there are fewer short sales and REOs than you might think. The price points hit hardest are entry level housing types, like condos, townhomes, and smaller homes.
2. It sounds to me as though you have great qualifications. Which leads me to believe that you are frustrated with unmet expectations. That means to me that it might be helpful to interview some Realtors about representing you in the purchase of your home and develop a strategy to your purchase.

If you need a referral for a particular area, I would be happy to recommend a Realtor that can sit down and help you analyze your needs and wants.
... more
0 votes 8 answers Share Flag
Donna Green,  in Warner Robins, GA
Thu Aug 14, 2008
Donna Green answered:
I would suggest if you can't afford two mortgages to sell your house first
0 votes 5 answers Share Flag
David Krecker, Real Estate Pro in Whittier, CA
Fri Aug 8, 2008
David Krecker answered:
Sara !!!

Claremont is a great place. All communities have good and bad.

Drive around and if you see a house you like send me the address and as a agent and state licensed appraiser I'll tell you what its really worth, not what they are asking.....

I am willing to be the realtor of choice for you if you do not already have one. It is of no cost to you. You can send me an email and give me your contact information. I can email you homes in your price range and go from there.

I look forward to working with you. And, if you already have an agent, I wish you the best of luck in your home search!

David Krecker, BSBA, SRA, MRA
Centuryside Real Estate Inc.
David Krecker
Broker/Owner/State License Appraiser
Office 562-690-6987
Fax: 562-690-7337
Serving the areas of Whittier, La Habra, La Mirada, Brea, Hacienda Heights, Orange County, Los Angeles County, San Bernardino, and Riverside.

Email: dave@centuryside.com
Website: www.centuryside.com
... more
0 votes 2 answers Share Flag
Debbie Lee, Real Estate Pro in Chino, CA
Sat May 24, 2008
Debbie Lee answered:
The stone canyon preserve is a verry nice area. Please don't limit yourself to that area there are many beautiful gated areas within 15 miles of Claremont. One is The Country in Diamond Bar. Many Celeb.s and ball players live in the area. ... more
0 votes 4 answers Share Flag
Dot Chance, Real Estate Pro in Burbank, CA
Thu Mar 27, 2008
Dot Chance answered:
Hi, Magdalena. I understand your frustration. I hate to bring this up but you will probably also receive a supplemental tax bill in addition to your prepaid taxes...

You usually do have to prepay the taxes. Didn't the escrow company, your loan officer or your agent give you an estimate of what you would need to bring to the table? I know when you are not counting on coming up with that kind of money it is frustrating! ... more
0 votes 5 answers Share Flag
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