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Clovis : Real Estate Advice

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  • Local Info21
  • Home Buying32
  • Home Selling0
  • Market Conditions6

Activity 97
Sat Jul 29, 2017
Kathy Burgreen answered:
After reading your reply below, there are NO LAWS to protect you because you're an owner - not a renter. Your best method at this point is to sell your condo. You need to learn WHY HOA's have rental restrictions. The reason is when owners like you need to sell, your buyer will be required by their lender to verify that the number of rentals in your complex is fixed at a low ratio. Lenders will refuse to give your buyer a loan to purchase your condo if there is a high number of condos that is rented. Your HOA will send financial documents to your buyer's lender and those documents will state the number of condos rented and the number of condos that is owner occupied. Lenders will only give a loan if the number of owner occupied units is high. Once that ratio tips towards renters, all lenders will turn down your buyers.

Based on the above, this means you will be stuck to lower the value of your condo to attract cash buyers only. So this means you will lose money on your condo AND every owner who needs to sell after you will lose money because you sold your unit at a very cheap price. Further, since the seller (you) will be furious, the seller (you) will pick a fight against your neighbor that is renting their condo and both of you will end up in court paying high prices for private attorneys.

So to keep the peace in your complex and others, most HOA's set rules in place that restrict the number of units rented at any one time. You may not agree with it BUT look at it this way - you don't have World War 3 breaking out among neighbors and it reduces the number of litigation cases. As I said, try selling your condo. Much less stress.
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Tue Mar 21, 2017
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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Thu Feb 2, 2017
Dbeshans answered:
Probably OK for retirees unless you don't mind a commute. Have to get to the store after 9pm you can drive to a mom & pops 3 mi away at Shaw & Academy.
Need a 'real' store, go 7 miles into Clovis.

If you are dropping by the store in Fresno or Clovis on your way home, don't forget anything, it can be a hassle driving all the way back again.
At one time there was a 'promise' that Quail Lake (NOT LakeS) and other nearby gated communities would become more populated a couple of convenience stores would pop up near by. That never happened.
When we left in 2014, HOA was $180.
We now live just north of Herndon and Sunnyside. My wife can walk to work. (Clovis Unified). We live within 3 miles of the most popular stores, and a half mile from Walmart, CVS, Vons, Save Mart...etc etc etc. and 168 ramps. 3 parks nearby.
QL is a great place to walk or jog or bike. I will miss that, but that's about it.
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Fri Nov 4, 2016
Ming Ming Angouw answered:
Dear Amit Jalota,
New homes in Loma Vista are still a good buy. They are also in Clovis Unified School District, just different schools than Copper River area. Copper River area is in 93730 zip code and its homes are one of the highest price per square foot due to their schools that are newer and more favorable to some people who love to play golf. If you go further South, the houses cost less per square foot. Depending on your personal preference and what is more important to you, the area or the house size. I have sold homes in both areas.
I usually give a complimentary city tour to my new qualified buyers from out of the area so they will experience our friendly Fresno/Clovis community.
If you have any further questions, please feel free to call me at (559)797-2411.
Thank you.

Blessings,
Ming Ming Angouw
Your Realtor for Life
DRE#01885307
Guarantee Real Estate
(559) 797-2411
angouws@sbcglobal.net
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Tue Sep 13, 2016
Ming Ming Angouw answered:
Jane Homen, if you do for sale by owner, you can direct traffic to your home by placing Open House signs strategically and advertise it. Note:Please be safe by locking all of your valuables and prescription meds. Always check all of your windows and doors to make sure that they're locked after each showings/Open Houses. For safety it's always good to have someone with you during your Open Houses.
Good luck.

Blessings,
Ming Ming Angouw, Realtor
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Tue Sep 13, 2016
Ming Ming Angouw answered:
Dear Phoneiq,
The best person to answer your question would be your accountant/CPA. We sold our own home in September 2004 and we rented for 10 months before our new home was completed. We didn't pay any capital gain since we rolled over the proceed to the next home. The title company usually give you a form to fill out and it will help you to clarify your intention with the proceed of the sale.
Hope this helps.
If you need any help to sell your property, I will be glad to help.

Blessings,
Ming Ming Angouw, Realtor.
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Mon Jul 4, 2016
June Buerkle answered:
A couple of details could come into play here.

First off, you mention you are a widow .. so it is possible that you inherited the property. Anybody that inherits property and immediately sell the property will owe $0 in federal taxes. The reason is that the new owner inherits the house at market value (not what the dead person paid for it.). ... so if you sell right away, you have no gain. This is why parents should NOT put their kids on their deed prior to passing away.

Now, if you were in the deed and lived in the house at least 2 of the 5 years prior to the sales .... up to $250,000 in gain is non-taxable. (If you sold it the year of your husband's death, you could have qualified for the $500,000 exemption ..married filing joint)

All of this advice is for federal taxes ... I have no clue as to how the California government taxes home sales.
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Mon Jul 4, 2016
Nina Carla asked:
Hi i am a widow and sold my home in cail last year with a gain and like to no how much taxes do i have to pay thank you
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Sun Apr 3, 2016
Cindyeidsen asked:
1274 Dakota Ave., Clovis, CA has been rented.
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Thu Mar 17, 2016
Psaksvig answered:
Mon Feb 22, 2016
Fortino Arroyo Rivera asked:
My name is Fortino Arroyo Rivera. I posted listing for 10764 N Armstrong Ave, Clovis, CA 93619 thru REIBlackbook feed on behalf of one of my partners who is currently under contract, but…
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Wed Oct 21, 2015
Elaine Herrington asked:
Fri Aug 14, 2015
answered:
It depends on a number of factors. I am sure you thought it was an easy question right?

One thing that happens quite a bit is that homes close late and people find themselves needing to make a payment that they were expecting. So a letter of explanation might get you past one 30 day late. But otherwise it is 12 months unless there was NOD, short sale or any other mortgage problem like a loan modification.

Then it goes out longer and it depends on which type of loan you are looking at and how much month you are putting down. Quite frankly the exact amount of time for each of these has changed so much I even see underwriters who are not sure.But if you have any of the above it is generally 2-4 years.

You can get the FHA back to work program which allows you to buy after 12 months. You have to take a class, and wait 30 days after the class.

Finally there are loans with no waiting period they require about 20% down and the rate is between 6-11% depending on your credit score.

I can arrange that for you if you would like. Call me at:

714-968-2500

License number 287206
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Thu Jun 25, 2015
Jimsnyder777 asked:
There was a mobile home listed on Minnewawa in Clovis which I am considering making an offer on.
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Sat May 23, 2015
answered:
Hello pckilpatrick, 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 and you can be emailed listings to fit your search criteria.

The purchase in Clovis start from 55k for 2bd 1ba first floor condo and the single family homes start from 88k for 3bd 1ba home which is as low as $450 down payment with a minimum 580 fico score @88k. I have agents locally to assist your purchase.

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, loan program and how much you want to invest into the down payment and closing costs.

You may qualify FHA from 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 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.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. 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.
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Tue May 12, 2015
Randybradford6 answered:
Nathan, you bring up a lot of good points when choosing to purchase a home near a dentist office. One thing to consider is how you likely would have to shop around for a dentist. Who knows maybe that dentist lives in your neighborhood and would help you out with dental procedures. I have a dentist that lives down the street from me and I am very glad to be friends with him as I know who to go to when I need something done in a hurry. http://www.roykalidental.com/ ... more
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Mon Feb 23, 2015
Ming Ming Angouw answered:
Welcome to Clovis, Fiona.
The home price will be determined by which high school area, age of the home, the home and neighborhood amenities Homes in the Clovis North High School Area is usually higher because the school is newer.
In Clovis School Unified School District you could expect to pay around $130+ per square feet. For custom homes the price per square feet is about $200+. Average lot size is about 6,000-13,000 in the city. It's best to rent a home first to figure out what areas that you prefer and fit your family needs. For a larger lot over 2 acres, homes could go around $550k and up.

I work with a lot of out-of-town clients and I will be glad to give you more information and a city tour.
Here's my contact information: (559) 797-2411.

Blessings,
Ming Ming Angouw
Your Realtor for Life
DRE#01885307
Guarantee Real Estate
(559) 797-2411
Angouws@sbcglobal.net
www.YourRealtorForLife.us
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Thu Feb 12, 2015
Sandor Sonkoly answered:
It is possible, but landlords and property managers prefer longer terms due to the extra wear and tear on the property. You might have to pay a premium for the 6 months lease.
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Sat Jan 3, 2015
Cindy Davis answered:
I hate to say it but 'we' really can't without some change on the part of the ownership. Zillow owns this site. In order to really improve things, zillow would have to devote some time and resources for investigating and flagging scams.

In the meantime, I recommend using other sites for rentals.

Take care.
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