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Crescent City : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling1
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Activity 24
Mon Dec 5, 2016
Angelica P answered:
Hi,

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Mon Dec 5, 2016
Susan Hage asked:
Sun May 8, 2016
Sloandlive asked:
Sat Jan 2, 2016
Rich Reed answered:
Using numbers from realtor.com there are 216 homes listed for sale in Crescent City. There were 135 homes sold in the last 6 months in Crescent City, average of 22.5/month. That makes the current inventory supply 9.6 months. Many Realtors say a long term average supply is 6 months. Based on that it looks like a buyer's market. You should consult with a local Realtor for current market conditions in Crescent City, CA. ... more
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Wed Oct 7, 2015
answered:
First, when you buy a bank owned home, it is "AS IS." So careful examination is very important.

Yes, with mold the lawyers and the hazmat suits come out all of the time.Insurance companies run for the hill if there is any hint of it being a problem. By the way if the insurance companies shun the house it is an all cash deal, the lenders cannot lend on it.

Basically what we have here is litigation based hysteria, with exceptions.

First of all the most common mold "black" and this is the bad one. It is in almost every house, and if it is not in there now it soon will be. You can not find a drain in a house older than a couple years old that does not have black mold growing in it.

Black mold is only dangerous if it is dry and inhaled, other than that it will not hurt you.

***You especially want to avoid small babies from breathing this in, it can kill them in a matter of hours.

The fact is it only grows where it is wet, so it is almost always wet, and so does not present a problem. Most often it is a problem when it is in a carpet, because it drys out and then becomes airborne from traffic.

Being that every house has it, I guess the lawyers want us all to move into our cars or something right?

In the case of the walls of the bank owned homes, I have been in hundreds of bank owned homes and they all have mold on the wall. Close examination will many times reveal if it is in the wall or not. But remember, you have to breath it in for it to be a problem, if it is in the wall it represent a problem if more moisture gets in the wall allowing it to be a breeding ground for more mold.

If it is in the wall, the drywall should be removed and studs treated. Chlorine is a great treatment or you can buy chemicals for this purpose. You can also paint the studs with mold resistant paint.

In general, you can carefully treat mold with Chlorine, or with one of the many products they have for this purpose. I have found the hand held steam cleaners are about the best thing to use.

So if you are buying a house, make sure that consider the cost of fixing the mold problems before buying it.

When selling a house, it is important to be sure to take care of all mold before putting it on the market. Otherwise your home could get flagged as a deadly home that needs $100,000 worth of Hazmat crews wearing masks and protective gear, to fix the mold before you can not sell your house. Sounds far fetched. I have seen it happen.

Again:

1. All homes have mold
2. Mold is only dangerous if it drays and is inhaled.
3. Mold usually can be fixed by mixing water and chlorine and spraying it on the mold.
4. Mold grows in water so you must solve the moisture problem first. But once you do it can then dry out so at that point you must get rid of the mold.
5. And most important, if you have small babies, be very sure deal with all black mold anywhere in your house.
6. If you shampoo your carpet, be sure to air it out very well until dry and then vacuum it out again once it is dry.
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Mon Jun 8, 2015
Jmb181 asked:
I'm pretty sure your price/sqft formula is incorrect - at least for the Crescent City area. 2.1 billon dollars a square foot is pretty high don't you think?
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Fri Aug 29, 2014
Joshua Clemons answered:
To better answer your question I need to ask you one. Are you looking for a home loan that will allow you to get a loan for all the fees with no money out of pocket?

It is hard to give you an estimate of mortgage payment and closing costs without a contract in front of the lender. Did your agent negotiate a seller credit for closing costs? Is the escrow and recording fees, title insurance being split or paid by the seller? etc.

U.S.D.A. loans are available in rural areas with no money down. Check them out.

Hope this helps you.
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Fri Aug 29, 2014
Joshua Clemons answered:
Unfortunately trulia and zillow do not relay this information from our local mls even though we enter the information. Any agent in town should be able to answer that question for you with a simple address look up. ... more
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Mon May 12, 2014
Elva Wormley answered:
Hi Ashley,

The first step would be to speak with a mortgage professional who will be able to look at your income, assets, etc. and assist you with the qualification process.

Best wishes,

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
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Fri Apr 18, 2014
hussainalasady2002002 asked:
Mon Apr 7, 2014
David Finigan answered:
Hi Bob,
Yes, this subdivision has CC&R's. They mainly applied to new construction (minimum square footage, no homes manufactured off site) since originally the lots were offered for sale by themselves. I would be happy to send you a copy of them if you are considering purchasing. Would you like to schedule an appointment to preview this home?
Thanks,
David Finigan
david@finiganrealestate.com
(707) 954-0232
Finigan Real Estate
BRE#00977187
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0 votes 1 answer Share Flag
Fri Feb 28, 2014
Dan And Julia Lemmon asked:
This question was asked from http://www.trulia.com/property/3092556267-110-Ariel-Ln-Crescent-City-CA-95531?ecampaign=con_day_propertycomp_bk&eurl=www.trulia.com%2Fproperty%2F3092556267-…
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Fri Sep 13, 2013
Elizabeth Powell answered:
Depending on the lending institution it could possibly be recorded on your credit summary as a SHORT SALE. It will remain on your credit history for 2+ years, typically 2 or 3. You ARE eligible to purchase a home immediately. You cannot just decide to have a short sale though, you have to prove you are in need of a short sale and sometimes if you are paying your mortgage on time you might not qualify for a short sale. Talk to a KNOWLEDGABLE agent.
My colleague is in escrow with a client who is not late on one mortgage payment and was successfully approved for a short sale merely because he threatened to stop making payments.

But just because you are eligible, doesn't mean you necessarily should. You should reflect on your current situation and decide if you can afford the home you want to purchase if you have a successful short sale. Make sure you get into something that you are happy with and that you feel comfortable with (the loan I mean).
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Fri Sep 13, 2013
Elizabeth Powell answered:
Are you looking to have your property managed or to find a property to live in?
Many of the realty offices in Crescent City offer property management but you would need to contact the Agents who handle those properties individually. There isn;t one place you can visit or read about that lists each rental property in CC.
Please contact me to discuss your situation further so I can be of better service.
Elizabeth
707-218-3452
egatti8@gmail.com
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Fri Sep 13, 2013
Elizabeth Powell answered:
It depends on the price of the REO home. If its priced well, the home will be snatched up quickly by investors. There are a lot of people looking below $100,000 right now and it's difficult for those financing to get the home first because banks would rather take a cash buyer, even if the offer is less than someone who is using financing.
Also, if the home you are offering on isn't eligible for financing, your offer will be denied. Many of the REO's in Crescent City are not financeable.
Please contact me to discuss your situation further so I can be of better service.
Elizabeth
707-218-3452
egatti8@gmail.com
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0 votes 2 answers Share Flag
Fri Sep 13, 2013
Elizabeth Powell answered:
If you are asking "Can a buyer pay the estimated monthly mortgage rate and the downpayment to purchase a home?"
If THAT is your question, the answer is no.

To buy a home you need closing costs (loan fee's) and title and escrow fees and sometimes a transfer fee (to transfer title). You'll also need your downpayment and a earnest money deposit. ... more
0 votes 6 answers Share Flag
Fri Sep 13, 2013
Elizabeth Powell answered:
There are 2 listed with a single family unit, and others that can be accommodated, like a single family residence with an additional parcel that you can build on. Or a house that can accommodate two families (many rooms, multiple kitchens, multiple living rooms, etc).
Please contact me if you'd like to discuss any properties further if you are not being represented yet.
707-218-3452
Elizabeth
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