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Home Buying in Downey : Real Estate Advice

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  • Local Info12
  • Home Buying20
  • Home Selling2
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Activity 26
Sat Apr 16, 2016
Richard Littlefield answered:
I have a Manufactured home for sale but it is closer to the 405.

On a VA loan your payment should be between $1100-1200 a month which does include taxes insurance nor the approx $200 or so association fee. (Association fee includes water and trash. so it varies from month to month depending on how much water you use.)

the purchase price is about $280,000 includes the land. It is not on the market as we are putting in new carpet.

There are some people interested, I am inclined to give a vet preference because of your service.


If you would like to talk about this please call me at 714-968-2500
... more
0 votes 1 answer Share Flag
Sat Aug 1, 2015
Alex Montelongo Real Estate Group answered:
It's your choice. I assume that when you go direct to a listing agent, that you are doing all of the work yourself. That is a difficult way of looking for a home. Why not have an agent represent you and advise you throughout the process? There is an advantage to having a buyers agent. Some people feel that they can get a better deal by working with the listing agent only. There is no guarantee that you will or you wont. It's just a theory.


All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 64 answers Share Flag
Mon Jul 13, 2015
answered:
Unfortunately, most of the lenders out there are not very good when it comes time to buy a home. So you know most of them really only do refinances, they all want purchase business but then they do this sort of thing. ... more
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Tue Jun 2, 2015
Alex Montelongo Real Estate Group answered:
Could it be that there is unpermitted work done on the house? Or perhaps the permits were not filed with the Assessors office? We get our information from the County Assessors Office. If you provide the address, I will look into it for you.
Are you looking to sell this property?

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 1 answer Share Flag
Mon Feb 23, 2015
Carla Hernandez answered:
Yes there are private houses for rent in that area. I would need more info. Can you email me your number carla4urealestate@gmail.com and we can talk or call me at 562-260-9648
0 votes 1 answer Share Flag
Sat Oct 25, 2014
Gary Geer answered:
Precy,
The lenders doing short sales normally do not allow that practice. Nothing stopping you from buying another short sale that is not owned or occupied buy a relative


All the best,. ... more
0 votes 7 answers Share Flag
Sat Oct 25, 2014
Gary Geer answered:
Marie,
Contact a local real estate professional that services the Downey area. You may want to interview a few and find a good fit your your situation. Before you buy, ask the agent to show you plenty of homes so you get the know that market before making an offer. Also be sure to get pre approved for a loan if your financing to buy.

All the best,
... more
0 votes 9 answers Share Flag
Mon Apr 21, 2014
Oscar Gonzales answered:
Hi Erma,

Taxes will dependent on the sales price of the home. The homeowners insurance is based on the value of the property and the type of coverage you request. Make sure to shop around to receive the best coverage for your home. Mortgage insurance depends on the type of loan you've chosen ex: FHA loans for the most part always carry private mortgage insurance (PMI). This is something that a lender would be able to go into detail. Again shop around for the best lender/bank options.


Thanks,
Oscar Gonzales
Westco Realty
562-244-2055
BRE# 01771716.
... more
0 votes 7 answers Share Flag
Mon Mar 10, 2014
Benny Chavez answered:
The best thing is to take the first step in the right direction. You need to first meet with a lender to find out where you currently stand. Most lenders credit reports have a feature where they are able to see how they can boost your score as well as being able to give you tips on how to improve your score. Lease to own exists but very rarely are they successful. The reason being is eventually you will need to exercise the option to purchase on said lease. If your credit isn't the best currently and in 6 months or a year whichever your contract states it's still the same you won't be able to exercise the option since you will be unable to get a loan. The other thing is sometimes if the market shifts and the home goes up in value the seller may choose to sell at current market value and you may not qualify any more at that time. These are things to consider which is why I go back to the first thing we mentioned which is meeting with a lender and setting a realistic plan to reach your credit goals and then buying a home the standard way and avoiding a rent to own scenario. ... more
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Thu Aug 8, 2013
Maria Menjivar asked:
Consider Expanding the Investment!
Is your son or daughter heading off to college? Before forking over money to pay for room and board along with already-expensive tuition, you may want…
0 votes 0 Answers Share Flag
Sun Aug 4, 2013
Roy Bush answered:
I had a buyer that wanted to buy a home in Arizona, but he had a Chapter 7 bankruptcy 7 months ago. I introduced a loan program at http://www.cfsflex.com, they allow a mortgage after a foreclosure, short sale, or bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again. ... more
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Mon Jun 24, 2013
Jorge Granados answered:
It appears that this property would require a space rent... in order to know what that might be, it is my recommendation that you actually go out to the park and speak with the park manager. Usually it has been my understanding that you would need to be approved by the park in order to be a tenant within their park with regards to the space where the mbile home is located.

Best of luck to you.
... more
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Fri Dec 21, 2012
Nelly Ramos answered:
Hello Walter, It is a smart move to get a home close to doctors facilities, I live and I work in Downey as well ,I am an expert in this area for 18 years and will be more than happy to helping you in purchasing your home in Downey. Please feel free to call me on my cell at (562) 712-3059. Nelly Ramos. Hablo espanol tambien. ... more
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Fri Dec 21, 2012
Robert Chomentowski answered:
With conventional loans with as little as 5% down you can also buy out mortgage insurance TOTALLY with an up front fee. You may be able to get this paid with a seller credit or help from a lender credit and have no MI at all! ... more
0 votes 7 answers Share Flag
Sun Nov 11, 2012
Morcos Azer answered:
Did you find the home you were looking for? Would you share your experiance, and how was trulia.com helpful?
0 votes 7 answers Share Flag
Sun Nov 11, 2012
Morcos Azer answered:
Did you find the home you were looking for? Would you share your experiance, and how was trulia.com helpful?
0 votes 9 answers Share Flag
Sun Oct 14, 2012
Morcos Azer answered:
Did you find your Downey property? How did your question on Trulia.com help your search for a property? Would you share your experiance right here?
5 votes 10 answers Share Flag
Sun Oct 14, 2012
Morcos Azer answered:
Did you find your Downey property? How did your question on Trulia.com help your search for a property? Would you share your experiance right here?
5 votes 8 answers Share Flag
Sat Feb 18, 2012
Robert Chomentowski answered:
If your PITI payment is close to rent and you plan to not sell for 7+ years, yes it is a good time to buy. When rent and PITI are equal, ownership is often advantageous because you get a tax write off and loan principle pay down you don't get when you rent. Plus you can remodel how you want the place, unlike renting.

But if the house payment is a lot more than rent, I do not think it is worth it to buy. Because you also have to tie up a down payment when you buy & you have a lot of property repair and maintenance costs you don't have when you rent.
... more
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