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Home Buying in Contra Costa County : Real Estate Advice

  • All65
  • Local Info5
  • Home Buying37
  • Home Selling3
  • Market Conditions1

Activity 1,667
Yesterday at 9:55am
Aaa5aa answered:
Apply first with Lendingtree to see if anyone will qualify you with your current situation.
Plan B is check with USDA who offer 100% financing on rural or semi rural properties.

A 5% down payment is no longer an option.
Current dp is now 20% thanks to the housing crash in 2008 when adustable rate loans were misunderstood by borrowers. Foreclosers were at an all time high.
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0 votes 28 answers Share Flag
Fri Feb 17, 2017
Maricris A answered:
0 votes 1 answer Share Flag
Thu Feb 16, 2017
Janeaca answered:
If you sign a contract before you get the home inspected. Plan on going to court if you want your money back. Lawyers will take 30% if you win!! Best bet. If seller cant show a recent inspection. Get one. Or walk away.
Paul
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0 votes 87 answers Share Flag
Fri Feb 10, 2017
Deb answered:
Yes, but why would you? you probably qualify for a conventional loan with a bigger down payment, if not due to credit, you can always put down more money, FHA will just not loan more.
0 votes 14 answers Share Flag
Tue Jan 31, 2017
Valli Lopez answered:
Anil, This is my specialty. Click the link for a flyer chart on what is available for foreign buyers or non permanent residents with less than 20% down.

Valli Lopez
NMLS 980530
619.916.9595
valli@vallilopez.com
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0 votes 12 answers Share Flag
Sun Jan 29, 2017
Christymarieembree answered:
Thu Jan 26, 2017
Sheryl Arndt answered:
Hello Monica, the numbers pencil out fine for an FHA purchase loan at 600k sales price or perhaps a little more depending on your debts. No reserves are required on FHA unless you have really low fico scores which you do not.

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. Let me know if you need assistance or have any questions or concerns.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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0 votes 1 answer Share Flag
Thu Jan 26, 2017
Alysse Musgrave answered:
Termites need to be treated....ask the seller to treat the entire house, not just a spot treatment. But unless there is a long history of termite infestation, or signifiant damage to the property, there's usually no reason to walk away.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
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0 votes 1 answer Share Flag
Wed Jan 25, 2017
Rfpsg answered:
We love your question and would love to see the industry respect our time enough to charge by the hour. I think the best answer is, most people are not willing to pay us by the hour, since we spend countless hours on each transaction. It really doesn't make sense, since our industry is highly regulated, need to keep training and learning and we are sharing in decision making that effect hundreds of thousands if not millions of dollars for our clients, I calculated that we make an average of $30 a day when you factor in all the hours we spend in front and behind the scene of each transaction. Our 3% commission is reduced greatly when you factor in all our out of pocket expense, (we are independent contractors and pay for all our own expenses), and time needed to do an excellent job for our clients. As a buyer you don't even pay our commission until your sell, so buyers get our expertise and time for free! Our industry has a misconception that we make a huge amount of money per transaction, but in actuality it is more like 1% of the sales price regardless of how much time we have spent. That is due to our dues, split with the broker and the other side of the transaction. You really have to love what you do to be a realtor! ... more
1 vote 80 answers Share Flag
Mon Jan 16, 2017
Sue Wellever asked:
The area is in Downtown Concord CA. The home is approx three blocks from Todos Santos Plaza . The home also is located on a street that has commercial businesses as well as residential…
0 votes 0 Answers Share Flag
Tue Dec 27, 2016
Rubenballi answered:
if the bank sell my foreclosed home for more than i owed, am i intitled to the differance?
0 votes 10 answers Share Flag
Tue Dec 6, 2016
Rich Reed answered:
Is the nc sp also a Realtor? If she is, you could seek help from the C.A.R. Consumer and Realtor Ombudsman Hotline by calling (213) 739-7227 or emailing the Ombudsman Hotline at ombudsman@car.org.
If the nc sp is a Realtor, then she should have asked if you are a party to any exclusive representation agreement, and stopped when you said you were. She and her broker could be disciplined and possibly have to pay commission to your original broker and agent.
It would be inappropriate for a broker to record a lien against a buyer who may owe a commission due to a buyer-broker agreement because the claim against the buyer is for money. But, your original broker could demand that you pay the commission and take legal action against you. If I were your broker, I would get the commission from the nc agent/broker, not from you.
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.
Best of luck to you!
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1 vote 2 answers Share Flag
Thu Dec 1, 2016
Douglas Phillips asked:
Tue Nov 22, 2016
Alexander Greer answered:
I would be more than happy to help you with your home purchase. Sounds like they are having an issue with your Restricted Stock. If you are buying a primary residence, you do not need any assets or reserves so that should not matter.

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
Sat Nov 19, 2016
Richard Littlefield answered:
I believe the contingencies need to be removed properly, but are you backing out for no particular reason or based on a contingency? If you are backing out based on no particular reason and not a contingency, I would think the seller can keep the money, I am not familiar enough with what is going on to say one way or the other. ... more
0 votes 1 answer Share Flag
Wed Nov 9, 2016
Neil Roxas answered:
Hello,

Please follow these instructions on how to edit your home facts. This includes editing the number of bedrooms/bathrooms, square footage, home features, description and more.

Sign into your Trulia account. If you do not have an account, you must first register in order to update your home facts.
If you haven't already claimed your home, navigate to the property page, go to the "Edit Home Facts " button and verify ownership.
If you have claimed your home, click on the same "Edit Home Facts" button to update your home facts.
Make sure to select Publish Updates at the bottom of the page.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/

Thank you for using Trulia!

Neil
Consumer Care Advocate
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0 votes 1 answer Share Flag
Wed Nov 2, 2016
Fzate answered:
I'm selling a property in the Bay area. I felt that the buyers are very aggressive and are harassing us to pay for the contingencies. The buyers' agent even called our electrician (who we asked to give a quote) pretending that she is the owner and demanded that the electrical panel be changed. Can we (sellers) cancel the purchase contract now that we complained and now that they removed all contingencies? ... more
0 votes 17 answers Share Flag
Wed Oct 26, 2016
Alexander Greer answered:
I would be more than happy to help you with that. Giving you a quote involves a little more than what you put in your question. I would need your credit score and the product that you want in order to get you an interest rate quote and then payment information. Call me so that I can get you this information. I can do it within a few minutes.

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
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