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Home Buying in Compton : Real Estate Advice

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  • Local Info16
  • Home Buying16
  • Home Selling2
  • Market Conditions2

Activity 21
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Tue Aug 19, 2014
Alex Montelongo Real Estate Group answered:
I am not sure how to become an REO agent.... BUT I do know that the bank owned inventory is at an all time low. There simply isn't enough around to hire any new agents. Agents are being let go every day. That market is gone for now. Hang in there, work hard and become your own boss. Take charge of your destiny. Treat your business as a real business. Dedicate 40 hours per week to work only. Do not get side tracked with unproductive things. You'll be fine.

Best of Luck,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE lic #01456982
... more
0 votes 6 answers Share Flag
Anna Kitras, Real Estate Pro in Las Vegas, NV
Sat May 25, 2013
Anna Kitras answered:
It is a great time to buy! Especially with interest rates so low! Prices are up 24% this year in Compton, from the same time last year...the market has had huge upward shift.
0 votes 3 answers Share Flag
Timothy Dela…,  in Compton, CA
Sat Feb 2, 2013
Timothy Delaney answered:
Hi
Which property are you asking about.

Thanks,
Tim Delaney, Broker
0 votes 3 answers Share Flag
Kawain Payne, Real Estate Pro in Seal Beach, CA
Wed Dec 19, 2012
Kawain Payne answered:
Hello Katie,

This home was sold at a Trustee Sale on 5/22/12 for $168,175


The current owner of record (according to Tax rolls) is Bank Of New York.

The property is not showing as a current listing on the MLS.

Once a home is sold at a trustee sale it can take a while for the new owner ( in this case a bank) to get it prepared for sale and assigned to their assesset management company who in turn will assign it to a broker/agent to list for sale.

If you would like to buy a home in Compton, and need agent representation ,I would be happy to assist you.

Properties come up often, so do not get too hung up on any one property, especially if you want it as an investment.

Best of Success to YOU!

Kawain Payne, Realtor
"The Buyer' Agent"
Prudential California Realty
714-293-1151
KawaindPayne@gmail.com
... more
0 votes 4 answers Share Flag
Juan Montene…, Real Estate Pro in Cerritos, CA
Thu Nov 8, 2012
Juan Montenegro answered:
Hello

Hope all is well.

I would be more than happy to assist you with your request.
Send me your contact info to: reo2bsold@yahoo.com

Have agreat day.
Juan Montenegro
0 votes 1 answer Share Flag
John Arendsen, Real Estate Pro in Leucadia, CA
Thu Nov 1, 2012
John Arendsen answered:
1 vote 6 answers Share Flag
Kawain Payne, Real Estate Pro in Seal Beach, CA
Thu Nov 1, 2012
Kawain Payne answered:
Katmama,

You sound too smart to fall for this!

If he wants to help you with your down payment why not sign a note to repay him the amount he loans you? There is no need to put him on the deed. The bank is going to loan you a lot more money are you going to put the bank on the deed?

Also, there programs that offer downpayment assistance for first time buyers, and guess what? You will not have to put the organization that helps you on the deed.

Go to HUD.GOV for details on down payment assistance programs. The state of California also has a down payment assistance progarm called CalHFA. Go to CalHFA.CA.GOV for details.

Best of Luck to you.

Kawain Payne, Realtor
... more
0 votes 7 answers Share Flag
Michael Magaw, Real Estate Pro in Torrance, CA
Sun Oct 28, 2012
Michael Magaw answered:
I would be happy to help you. I would need more information about budget, areas of interest, and your intentions for the theater space.

Feel free to call me at any time.

Michael Magaw
310.259.6850
... more
0 votes 4 answers Share Flag
Keith & Kins…, Real Estate Pro in Verona, WI
Thu Oct 25, 2012
Keith & Kinsey Schulz answered:
Take a look at what a refinance would cost you. Divide the total refinance cost by the amount of savings every month to determine how many months it will take to recoup your costs. This will help you determine if it's worthwhile.

Also, i'd recommend going to a local lender that you trust rather than some random lender doing a marketing campaign by mail.
... more
0 votes 4 answers Share Flag
Kawain Payne, Real Estate Pro in Seal Beach, CA
Thu Jun 7, 2012
Kawain Payne answered:
Hello 1stTimehomebuyer,

The best thing for you and your husband to do is get yourselves a buyer's agent. You need an agent working for YOU and YOUR Best Interest. Remember the listing agent's job is to sale the home in the shortest amount of time and for the highest possible price. They owe that to the seller. The buyer's agent's job is to find the buyer a home that fits the buyer's needs and get it at a price that is RIGHT for the buyer.

Now for the cross approving,many times a seller/listing agent will require the buyer to be cross approved by their preferred lender. I would not call this a scam, it is an attempt to make sure the buyer is REALLY qualified. It is can also be an attempt in my humble opinion to get business for their preferred lender. After all if their lender cross approves you and offers you a better rate and terms than the lender you chose to be pre approved with, you may decide to work with their lender.

I have a client who has pre approval from Wells Farge, and Bank Of America, and I was told she would have to get cross approved by a loan broker the seller/ seller's sgent preferred.
You would think Wells Fargo and Bank of America would know if she is qualified or not.

Now, as for homes being listed for sale that have actually sold. That does happen.Many consumer based websites simply to do always have up to date info. If you really want to buy a home and have access to properties that are available for sale yo MUSt have a buyer's agent searching the MLS for you. Keep in mind homes are moving very fast these days. It is not uncommon for a home to list on a Weds, have multiple offers by Friday, and be in escrow by the following Monday.

At 350K you should be able to find a place to call home, you just need yourselves a good buyer's agent.

Best of Luck to You!!!

Kawain Payne, Realtor
... more
0 votes 5 answers Share Flag
Kawain Payne, Real Estate Pro in Seal Beach, CA
Mon Feb 20, 2012
Kawain Payne answered:
Hello Danny,

You can do an in person request for information by visiting the LA County Recorders Office at:

Los Angeles County Recorders office
12400 Imperial Hwy Room 2207
Norwalk Ca 90650

Best of luck to you,

Kawain Payne, Realtor
714-293-1151
... more
0 votes 3 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Thu Jun 2, 2011
Scott Godzyk answered:
The only person that will truely know is a loan officer, anyone else would be guessing without looking at your credit score plus fiancials. your best bet is to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know what mortgage programs you may quailify for.

http://www.trulia.com/blog/scott_godzyk/2010/10/where_do_i_is_start_if_i_want_to_get_a_mortgage

Please see my blog for a list of tips and advice on getting amortgage
... more
0 votes 3 answers Share Flag
Jusmenu20, Home Buyer in 90220
Sat Apr 16, 2011
Jusmenu20 asked:
I am interested in doing rent to own but the only listings I can find are in victorville area. I was wondering were there any realtors with any knowledge of how I can get a rent to own…
0 votes 0 Answers Share Flag
Kamerin Vince, Real Estate Pro in Corona, CA
Mon Feb 7, 2011
Kamerin Vince answered:
What constitutes bad credit is blurred these days, there are banks out there willing to give loans with 580 FICO, so if you desire to improve your credit see my website and under "Corona Resources" you will find financial resources that can assist with that or email me and I will will get you in contact with a guy I use for my clients, my family, and myself. If you have dismal credit and need time to fix it, there are seller's out there that will provide seller financing, but they are more difficult to find. I have a few in mind that I am working with right now, if you'd like email me the area you are looking around and I will find some for you. ... more
0 votes 2 answers Share Flag
Lalo562, Home Buyer in 90805
Wed Nov 10, 2010
Lalo562 asked:
how much is the rent space rent at rancho dominguez
0 votes 0 Answers Share Flag
Dan Chase, Home Buyer in Texas City, TX
Sun Apr 25, 2010
Dan Chase answered:
It may not be as simple as looking at certain cities or towns. A buddy of mine lives in a city here. He can legally shoot a firearm on his property. If you go across the road from him you can not legally discharge a firearm.

Sometimes you will find it depends on the part of a city you look at and live in that decides what you can do.
... more
0 votes 3 answers Share Flag
Johnny James, Real Estate Pro in Palmdale, CA
Fri Jan 8, 2010
Johnny James answered:
you might want to get some understanding of the finance before you go out house shopping.
0 votes 4 answers Share Flag
Dorene Slavi…, Real Estate Pro in Torrance, CA
Mon Nov 2, 2009
Dorene Slavitz answered:
Dear Capote,
Yes you do need to work with an excellent buyer agent in your area. Feel free to give me a call if you need a referral.
0 votes 3 answers Share Flag
Dallas Texas, Real Estate Pro in Dallas, TN
Thu Oct 8, 2009
Dallas Texas answered:
Ask your agent no one can render an opinion we are not part of transaction and terms of contract. Who was check written to ? Title company? Broker office? Property Owner? What does executed contract state?

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

http://www.lynn911.com
... more
0 votes 4 answers Share Flag
CCC, Home Owner in San Diego, CA
Tue Oct 6, 2009
CCC answered:
Selling price: $205,000
Down payment 3.5 (%) = $7,175
Did the seller agree to pay a percentage or an amount of your closing costs?
1 vote 2 answers Share Flag
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