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94521 : Real Estate Advice

  • All23
  • Local Info1
  • Home Buying12
  • Home Selling0
  • Market Conditions0

Activity 20
Thu Aug 18, 2016 answered:
A loan consultancy can help you in this regard. I know a company, who can help you a lot.
0 votes 2 answers Share Flag
Wed Mar 4, 2015
Ricardo Velazco answered:
Great community first to go up last to come down in value in Concord. The only draw back its the traffic getting to and from.
0 votes 4 answers Share Flag
Mon Nov 11, 2013
Denisen Hartlove answered:
I have buyers who love an area called The Crossings. Good-sized homes built in the 1970s, with a clubhouse, swimming pool, and a greenbelt. Another popular area, with slightly smaller homes, close to schools and shopping is Clayton Valley Highlands, also known as the state streets (street names include Delaware, Michigan, Washington, etc.). Close to the state streets (and thusly also close to schools) is Dana Farms. All of the three have plenty of families with children, all close to schools, shopping, commute corridors. I would recommend different areas depending on your budget and your family's specific needs. Also, I live in one of those areas myself, and so am quite familiar with the areas and what you'll find in each. Feel free to contact me if you'd like to go exploring! ... more
0 votes 11 answers Share Flag
Wed Oct 31, 2012
The Medford Team answered:
Overall, this is the sort of thing that cities do not want to approve in neighborhoods zoned for single family residences. Additionally, MANUFACTURED homes come with a number of restrictions and many cities do not want to see these in normal neighborhoods under any circumstances. If you are referring to a MODULAR home, that would be a different scenario and, if applicable, would stand a better chance of being allowed.

To understand the difference, see the following link:

Additionally, actually getting a modular home into a backyard in an existing neighborhood could pose some real challenges.

As stated below, contact Concord’s planning department.
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1 vote 2 answers Share Flag
Sun Sep 30, 2012
Wes Knapp answered:
Catherine, I use to syndicate listings. I like it because you can save, renew, edit, publish, customize, etc., (and it is free). It even publishes the html code to post your rental listing on craigslist.

Give me a call or email if you'd like.

Thank you,

Wes Knapp

Excel Realty
Realtor® DRE Lic.#01526459
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0 votes 1 answer Share Flag
Mon May 28, 2012
Lance King answered:
The info you have below is right. If you have no signed agreement and you aren't going to put in any offers on places he showed you then you should be good. If you are unhappy with his services you should let him know why you are making the change. You should also know that finding properties these days is not the skill - that comes in once you find a target property ... more
0 votes 6 answers Share Flag
Sun May 6, 2012
Slowfoodisgood answered:
Check the crime rate? I just found a good site for determining crime rates by areas ... it even splits Concord into 10 neighborhood.
0 votes 12 answers Share Flag
Wed Apr 25, 2012
Reggie answered:
The Exterior of the house is important on the pricing range. If you have stucco and can do painted wood trim. Estimate $ 2,000.
0 votes 2 answers Share Flag
Wed Apr 25, 2012
Reggie answered:
IF your Power Panel needs to be upgraded for a Central A/C unit the Estimate is $ 7,000.
0 votes 3 answers Share Flag
Wed Jun 22, 2011
Another option not mentioned so far is One Time Mortgage Insurance.
Great strategy if you know you are going to be in a home for several years. Have 10% equity and the premium is financed into the loan. Most significantly, this program usually provides the lowest payment compared to combination loans and lender paid MI. Recent legislation now requires the MI company to refund a substantial portion of the financed premium if you sell or refinance within the first 15 years! Unlike a combination loan, you retain the ability to pull equity out with a second trust or HELOC for improvements, debt consolidation, remodeling or other expenses. Payment is completely tax deductible and there is no PMI. ... more
0 votes 6 answers Share Flag
Wed Jun 22, 2011
Scott Butcher answered:
Agree with Gregorio, the drawback is that Homepath is only available for Fannie Mae owned properties. So if you can find an Fannie Mae REO that works for you, then great, if not, then your looking at putting 20-25% down with conventional financing.

Good luck.
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0 votes 4 answers Share Flag
Sun Aug 22, 2010
Don Tepper answered:
Interesting that there's all this confusion about what "wholesaling" means.

For those who want to know: Wholesaling means putting a house under contract, and then assigning the contract for a fee.

The contract may be assigned to a rehabber, to another sort of investor, or (rarely) to an end buyer--a so-called "retail" buyer.

The conventional advice is to build your buyer's list first. And that's good if you have the time to do so. Networking at investor club meetings will help greatly.

Then you have to find the houses to wholesale. Find out from your potential buyers what their criteria are. For instance, the most many other investors will pay is 65% of the after-repair value (ARV) minus repair costs. So, for example, if a house will sell fixed up (after repair) for $500,000--and say it needs $20,000 in repairs--the most an investor might pay is $305,000--65% of $500,000 minus $20,000. Then you have to build your wholesale fee (the assignment fee) into that. Let's say you want $10,000 out of a deal. That means you have to put the house under contract for $295,000 or less.

You say you've "been trying to wholesaling houses." It's not clear whether you've been able to put any under contract or not. If you have, but the investors aren't biting, then you're putting them under contract for too much. If you're still searching for houses to put under contract, try the tried-and-true methods: direct mail, bandit signs, "driving for dollars," and so on.

You don't say in what way the California Bay area behaves "a lot different," but money is money. Put a house under contract at the right price, and you'll have investors willing to pay for an assignment of contract.

Hope that helps.
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0 votes 4 answers Share Flag
Fri May 14, 2010
I think this question has been answered very well... Theres even a blog post on it.

TC - Its good you are getting educated about the way things really are. Unfortunately too many people fall for things that are too good to be true. I wish there was some way to clean up the mess. I guess the only way is to educate the masses on sites like this.

Good luck to you!
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0 votes 16 answers Share Flag
Sat Jan 30, 2010
Erica Starkey answered:
Fees can range from $300-$400 typically in this area. It depends on what amenities there are. If there is a pool, clubhouse, tennis court, etc. the fees can get on the higher end.
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0 votes 3 answers Share Flag
Sat Aug 29, 2009
The Hagley Group answered:
I am a big fan of Linda Grassi at 915-824-4848. She's a great, experienced mortgage broker. Tell her I sen you! Good luck!
0 votes 4 answers Share Flag
Mon Aug 24, 2009
Bob Georgiou answered:
Like most real estate mattes is, it depends. How long do you plan on living in the home? How much work is needed for repairs? What is the difference in interest rate notwithstanding PMI? Some of this is simple math and can be figured with pencil and pen but the first question is the most important.

The mortgage insurance in this market is the biggest hidden cost of finacning in today's market. FHA 3.5% loans are today's 100% loans since the 3.5% down payment is eaten up by closing costs that include MI. So if you are going to be in the home long term you will have a monthly MI cost (Lets say $2400 a year and say 25% is 60k as it would be on a 300k value). Is your 60k down payment returning $2400 a year (3%-4%). Will the expected appreciation exceed 3%-4%. Ask youself this for the at the end of the timeframe you plan to own. Let's look down the road though if inflation hits and appreciation spikes and cash becomes worthless, how are you going to feel about holding cash then?

My point is that it's not as straight forward as some people make it out to be. For the average person though, their home is their principal investment and putting the alrgest amount down and pauting the mortgage off is usually the best option for many.
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0 votes 5 answers Share Flag
Mon Aug 11, 2008
Jessica Wagner answered:
There are several ways to do this without paying too much, if anything at all. Some of my suggestions would be to:
1) Start a blog - you can download a wordpress template and use it as your own website. The search engines love wordpress blogs and if you write about your local area, eventually you will come up on the first page of results for local searches. Eg. Write about "Property values in Austin Texas" and soon your site will appear on the first page of results for that particular search string. This is how you target your audience. It doesn't require much programming knowledge to use a WordPress blog and only a few posts a week will do wonders.
2) Use a syndication service for your listings - There are several websites that will take your listings and feed them out to all the popular real estate aggregators (sites like Trulia). is one of them. I am the Sales and Marketing director for so I know that it is a free service for individual agents with a few listings and we publish to over 25 different sites. Most of those sites will link back to your own website, which will help your page rank significantly.
3) Post articles on popular real estate sites - If you write articles about timely real estate issues and become an expert to readers, you will find that you have more business than you know what to do with. I know realtors that write about their local market, post market analytics, answer questions and target a specific audience. Pretty soon, the phone will start ringing. As home buyers and sellers search the internet, they will come across your articles and if link back to your own site...even better. Do a google search for "real estate blogs" and you will find plenty to write for. Active Rain is a very popular one.

Might have told you stuff you already know, but I hope this helps! I'd be happy to answer any other questions you have.
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0 votes 2 answers Share Flag
Sat Jul 5, 2008
The Hagley Group answered:
are you looking to sell a home with a small vineyard? Plenrty of buyers in the market at the moment. Have your Realtor put your listing on Trulia. properly priced and properly marketed - it will sell! ... more
1 vote 1 answer Share Flag
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