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Home Buying in Costa Mesa : Real Estate Advice

  • All174
  • Local Info7
  • Home Buying54
  • Home Selling3
  • Market Conditions9

Activity 64
Thu Jun 15, 2017
Queeniedee4 answered:
Please I need some information I live in Florida I purchase a house in January since the day the close and not even 15 minutes that we walk into a new home it was multiple problems that we did not know about the seller never told us they try to cover it up who spends way too much money on fixing this house up we in over our heads they was plumbing problems electrical problems water heater problems and air condition I need to know if the original owner is responsible I believe they knew all about this and dump the house so they do not have to fix the problem ... more
0 votes 13 answers Share Flag
Fri Jun 2, 2017
Mightywhiteyjr.1967 answered:
Please tell me what does Eskrow do exactly in selling a house.. I what is its purpose? Does every home go thru Eskrow???
0 votes 13 answers Share Flag
Tue Apr 11, 2017
Nicole Fedorchek answered:
Huntington Beach is a great community! Being local to the area, I know all the neighborhoods! Love to work with you !
0 votes 1 answer Share Flag
Wed Feb 15, 2017
Nicole Fedorchek answered:
You will need an attorney to review!
0 votes 1 answer Share Flag
Tue Dec 27, 2016
Nicole Fedorchek answered:
The down payment amount can be as low as 0%, depending on the loan program. It could also be 3.5%, 5%, or higher, depending on what you qualify for.
Please contact me for more details! ... more
0 votes 2 answers Share Flag
Mon Jul 25, 2016
Andrejlisjak answered:
It works great...
0 votes 9 answers Share Flag
Sat Jul 16, 2016
Arpad Racz answered:

Does your lender happened to be licensed in both states?

Kind regards,

0 votes 1 answer Share Flag
Thu May 12, 2016
Sheryl Arndt answered:
Hello Alyson, it will depend on the price of the home as you may qualify to buy with minimum out of pocket expenses with the 3%-5% Sapphire Grant down payment assistance program.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

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 Costa Mesa start from 315k for 2bd 2ba condo which you could buy with approximately 2k out of pocket and get most returned at closing if structured properly.

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. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7 or
... more
0 votes 4 answers Share Flag
Fri Feb 12, 2016
Colin Delaney answered:
OCLisa, You can actually report them to the local board of realtors and they would more than likely be sanctioned for their actions.
Lots of agents leave properties listed "active" too long because they are trying capture more leads.

Let me know if I can help.

Best of luck!
... more
0 votes 3 answers Share Flag
Fri May 29, 2015
Nora Moore answered:
That's a tricky situation. This is probably more of a legal question than anything. Talk to the real estate lawyer that was involved in the case. On one hand, the sellers probably didn't have a warranty on the repairs in their contract. On the other hand, the inspector said that the repairs were shoddy so there might be grounds there. Getting quality work done can really save you a headache. ... more
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Thu May 7, 2015
Efrainc.sottile answered:
The accredited online college degree is better than traditional on-campus education.
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0 votes 11 answers Share Flag
Tue Jul 29, 2014
Brittany Leighton answered:
Great question. It would really depend on weather or not you could get qualified on a mortgage. $20,000 is a great start, but it would not make the difference in being able to qualify due to your credit situation.

Please let me know if you have any further questions!
Have a great day

Brittany Leighton
... more
0 votes 24 answers Share Flag
Fri Apr 25, 2014
Brittany Leighton answered:
Thank you for your question. Excellent school district. I live and sell Real Estate in this school district and I would be more than happy to get you connected with the inventory in the area. Please call me at (949) 480-7178 or email me at

Brittany Leighton
Berkshire Hathaway

Top 1% customer satisfaction in the nation
... more
0 votes 2 answers Share Flag
Fri Jan 10, 2014
Jacob Raabe answered:
Hi OCHomebuyer88,

You, like many other people looking to buy their first home are in the same situation. You may be able to afford rent in the current area you are living, but buying a home is unobtainable. There are many great areas within all the cities you chose to live in. My opinion is that you can get more for your money in Costa Mesa than the others, while not sacrificing much of the amenities and the local spots that you already frequent.

There are a few areas that you many really enjoy in Costa Mesa. If you click on this link: it will explain more about each area. Some areas that are very nice and somewhat affordable still are areas of Mesa Verde, Mesa Del Mar, and South Coast Metro. There are also 2 new home communities that are very nice that I can get you more information on.

Please take a look around the website, and let me know if we can be of any help.

Thanks for your time and good luck!

Jacob Raabe, Realtor
direct: (949) 478-2551
19021 Goldenwest St.
Huntington Beach, CA 92648
... more
0 votes 11 answers Share Flag
Sun Dec 8, 2013
Brian Nguyen answered:
One of the first steps in the home buying process is to speak with a lender to get a home loan as well. When you do apply for a loan, lenders like myself will need to look at several different aspects of your finances if you are trying to prequalify for a loan. Here are some things that are looked at: 1) Proof of income for each person that will be on the mortgage which can be demonstrated through: one month of pay stubs, previous year's W-2 forms and tax returns, official documentation to demonstrate other forms of income (alimony, child support, etc.), and two year's tax returns if self-employed (all schedules, all pages) 2) Credit Report which they will pull 3) Employment History or Business Tax Returns if you're Self Employed 4) Personal assets such as: Recent balances and statements for bank accounts, most recent account statement demonstrating market value of any investments (stocks, bonds or certificates of deposit), documentation showing interest in retirement funds, face amount and cash value of life insurance policies, value of significant pieces of personal property, debt information, the balances and account numbers of your current loans and debts, including car loans, credit card balances and any other loans you may have. These are just a few things you should have ready when you begin your buying process. Well I hope this helps, if you have any other questions or need a loan please contact me through the information on my profile page. I hope this helps and good luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 ... more
0 votes 10 answers Share Flag
Wed Nov 27, 2013
Michael Parker answered:
You may want to consider a different avenue...

I work directly with REO, Bank Owned, Divorce Sales, Probate Sales, Trust Liquidations, Tax Default Homes, Neg. Assessment property, NOD, and other forms of distressed home sales. If there is a deal to be found, I find it.

Working with investors for 14 years, who always have their eye on the bottom line, has taught me to think differently. Let's make this work for you!
... more
0 votes 18 answers Share Flag
Fri Nov 22, 2013
Andrew Rebulio DAngelo answered:
92627 and 92626 Both strong areas. Depends on what kind of SFR your looking for and if your looking to rent or buy. Typically the East Side as a result of being so close to Newport Beach has been a stronger zip code of the two and more pricey however there is more value in my opinion to be found in what is called the SOCO Metro area. This area was historically a "less desirable " area however over the past two decades there have been some great developments and the City of Costa Mesa as well as the smart consumer have started to re-gentrify the area. Hope this helps. There is a new development right off of Victoria call Bungalow 7 that is stellar ! ... more
0 votes 12 answers Share Flag
Fri Aug 23, 2013
John Arendsen answered:
Some of the information you are receiving is fairly accurate and some of it is very unrealistic if not erroneous. First most rent/lease park/communities have very strict rules about sub-letting from the resident/owner to another tenant. It's written into the rules and regs of almost every rent/ease park/community.

Second as I've preveiously stated, if there is no City mandated rent control in place most park/community owner/managers will adjust their rents to the CPI which tends to be largely predicated on inflation or park improvements.

Park owners today are will aware of just how much and at what incriments they can raise rents. What you really need to do is speak directly with the park/community management personally and find out what their written lease agreements stipulate regarding rental increases.

You should also speak with a MH professional i.e. a MH Dealer or RE broker/agent who specializes in MH's. Your first indication of a non MH professional are those who still refer to them as trailers or mobile homes if they were built after June 15, 1976.

Or they tell you that they are a losing proposition and that you're wasting your money. There are a lot of very nice MH communities that are will managed and maintained. So if that's your desire or that's the lifestyle you choose don't let anyone talk you out of it.
... more
0 votes 9 answers Share Flag
Fri Aug 23, 2013
If it is non assumable, that is called a wrap around, yes you may.

You need a lender who knows what they are doing.

I can help you with that.

Rich Littlefield
NMLS 287206 ... more
0 votes 10 answers Share Flag
Fri Jul 12, 2013
Reginald Peterson answered:
You should explain your concern to the real estate agent and the escrow company. Seller should pay the fees associated with delinquent taxes
0 votes 6 answers Share Flag
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