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Dixon : Real Estate Advice

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  • Local Info0
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 12
Sat Oct 14, 2017
carlbarchfeld asked:
Thu Aug 3, 2017
Hello This One, yes and 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.

Is he going to sell the home he owns or rent it out? What type of loan does he have on his house? He can only have one FHA loan at a time. Do you have down payment and closing costs or do you need down payment and closing cost assistance programs?

You may qualify to buy with minimal out of pocket expenses with down payment and closing costs assistance programs. You may consider FHA 3.5% down from a minimum 580 fico score or 3% down conventional from a minimum 620 fico score. You would need a minimum 640 fico score to consider down payment and closing cost assistance programs.

You can study the available inventory to narrow down your interests. 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 and you can be emailed listings to fit your search criteria.

The purchase in 95620 zip code of Dixon start from 329k for 3bd 2.5ba two story single family home. How much do you currently pay and what is the maximum payment you are looking to achieve?

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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0 votes 2 answers Share Flag
Fri Oct 24, 2014
Randall Ortiz answered:
How is it priced? Have your agent run comps and make sure you haven't over priced the property. I'm sure someone else will like the idea of being outside of town, just like you did.
0 votes 4 answers Share Flag
Fri Jul 5, 2013
Randall Ortiz answered:
Fri May 31, 2013
Olga Cisneros answered:
Hi Karen,

Its a wonderful time to sell. If you are looking for an agent in the Solano area, feel free to contact me.
Have a nice weekend

Olga Cisneros
Re/Max Gold
0 votes 3 answers Share Flag
Mon Mar 12, 2012
Lisa Jonsson answered:
Yes, there is one on Newgate Way. I can send you more info. Just check out my website (link below) and contact me!
0 votes 1 answer Share Flag
Fri Jan 6, 2012
david fritsch answered:
Hi Reg,

If you still have questions regarding homes in Dixon please give me a call. I can set you up on my portal and you will receive first notice when new homes come on to the market.

916 420 3388
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0 votes 4 answers Share Flag
Thu Sep 15, 2011
Mark Salmon answered:

Banks establish a list price based upon BPO's (Broker Price Opinions) from various local agents that they typically have relations with. This is how they come up with a value since they typically know nothing about the property themselves.....they are trusting of the local "professionals." Typically banks will come down to an the appraised amount, especially when it's so very close to their list price, offer, etc. I can't put too much pressure on your agent, as they don't have contact with the asset manager for the bank, but they can certainly be the squeaky wheel with the listing agent. I'm going to assume that received some typical paperwork from the REO lender (always noted as a counter offer with their boilerplate terms and conditions) that you had to sign prior to the bank executing your contract. This would be proof to you that you actually had a "deal." Assuming you did all this then I'm baffled as to why the bank wouldn't want to get this off of the balance sheet.

Is the property still on the market? There's something missing here.....
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Wed Sep 14, 2011
yotz asked:
0 votes 0 Answers Share Flag
Wed Jun 29, 2011
John Arendsen answered:
As Melanie and Ray have stated it becomes an REO. Frankly I like waiting until all the court house hysteria stops and you can intelligently negotiate with the bank.
0 votes 3 answers Share Flag
Tue Aug 24, 2010
James Gordon ABR SFR SRS answered:
Louise I bet you are putting less than 20% down and using an FHA loan. I have seen them appraise to the contract not the property if the value of the property is to high and warn my buyers of that. We do a lot of FHA loans in my area and I had a buyer in fall 2008 that bought a rehab property. The ARV according to the appraisal came in a couple of thousand over the purchase price and repairs about 205-210. When they refinanced into a conventional loan the property appraised at 480k. This was the best illistration of appraising to contract that I ever saw as nothing in the area sold under 270 unless it was a distressed property. ... more
0 votes 6 answers Share Flag
Mon Aug 23, 2010
Renee Rhinehart answered:
I would speak to your agent. Find out the answer directly from the source. Best of Luck.
0 votes 7 answers Share Flag
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