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Home Buying in Folsom : Real Estate Advice

  • All147
  • Local Info7
  • Home Buying65
  • Home Selling4
  • Market Conditions5

Activity 99
Yesterday at 8:41pm
Akshay Singh asked:
Most of the places in Folsom has no more than $1,200 Mello-Roos tax.
0 votes 0 Answers Share Flag
Yesterday at 3:59pm
Walfezworldz answered:
Well some people not care that much about there being snakes and insects in there creek.
0 votes 27 answers Share Flag
Mon Sep 18, 2017
connoranne answered:
i was personally just as lost when i found out the same thing, i had to get the judgments removed in order to buy a house. my mortgage rep had told me about this company to go to that would help me. i really though this was going to be a long stretched out process but i was wrong. Select Us had got the judgments removed and had me in my new home in less then 6 months. i was so happy! probably the best phone call ive ever made.. ... more
0 votes 11 answers Share Flag
Mon Aug 21, 2017
Naminamu answered:
What is the total % of closing cost on a $300.000 mortgage with an FHA loan and 3% down? Does the seller and buyer pay equal percentages of the total? Thanks, Al
0 votes 10 answers Share Flag
Sun Feb 19, 2017
Hello Nvonebbe, an agent like myself can set you up to receive the information via email. You should get set up to receive daily automatic emails for all the homes for sale that match your search criteria to study and consider.

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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

Do you have down payment and closing costs or do you need down payment and closing cost assistance?

The purchase in Folsom start from 349k for 3bd 2.5ba condo and the single family homes start from 365k for 3bd 2ba home.

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
... more
0 votes 2 answers Share Flag
Mon Jan 2, 2017
Jeremy Weinberg answered:
If you are buying a home, ake a look at this website this company can set you up with a top agent in your market and rebate you back thousands at closing with no costs to you. Good luck on your home search! ... more
0 votes 4 answers Share Flag
Sun Jan 1, 2017
Randall Ortiz answered:
I'm local and can help with this. 10% down is definitely something we can get done, sounds like you have a great credit score and low ratios. Let me know if you still need help with the jumbo loan. ... more
0 votes 5 answers Share Flag
Tue Nov 15, 2016
Jeffwmarr answered:
Though you're not providing the main details such as fico scores, your down payment amount or DTI, I'll address your question.

Regarding closing costs, if you're putting down 10% or more, the seller can provide you a credit up to 6% of the sales price, or $56,400...otherwise the limit is 3% of the price

Regarding getting additional funds, that's a gray area as this would be considered a 'hold-back', and not all hold backs will be allowed by the lender. And it's doubtful the work will be completed by the close of escrow.

Since it was last Apr you posted this question, you've most likely purchased your home already..

If not, then feel free to contact me if you're still looking for a home loan!

best, Jeff M
... more
0 votes 4 answers Share Flag
Wed Aug 19, 2015
sfbachendog answered:
Don't buy an Elliott Home in Rancho Cordova. There are no CC&R's or HOA's and the city allows two story detached garages to be built by owners. The City of Rancho Cordova could care less about the quality of life in their neighborhoods and is creating the same blight in the new areas of RC just like what's around Folsom Blvd here. ... more
0 votes 5 answers Share Flag
Mon May 4, 2015
Karen and Paul Catania answered:
You can but the risk is getting your deposit back. I don't know the details of your cancellation but if the seller doesn't sign your deposit is held in escrow until everything is resolved. If you get into another contract and need that money you could be in trouble. The agent may think all is fine but you never really know what a seller is going to do after they talk to their friends, family, ect and decide they should get your deposit, right or wrong. ... more
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Thu Feb 5, 2015
Karen and Paul Catania answered:
A buyer can always come back after the close of escrow. They do need to prove you were aware of the issues and did not disclose. As an outsider I would have to question the home inspection. Usually they will find rat droppings or damage and it would be part of their report prior to closing. They need to prove you knew they were there. That goes the same for the hole in the cabinet. Not something a home inspection may see. Was it covered up and hidden by you? If not, it needs to be proved. The water shut off under the house may not of been a big deal to Her but her husband may not have liked it. Is it up to code or did you move it? It would have had to have been disclose if you did any modifications, ... more
0 votes 3 answers Share Flag
Thu Aug 28, 2014
David LaVallee answered:
Hi there! I actually lived up in Norcal for 8 years before moving back to the Orange County area. Let me know if you're still seeking any assistance at all.
1 vote 9 answers Share Flag
Fri Aug 22, 2014
Peter answered:
WOW! My friend you are not in Honest USofA any more. Poor grandpa and grandma has been put up in health care facilities. It's run by millennia now. Learn the trick and don't hesitate calling the banker direct and don't feel shy about offering some extra commission to negotiator, but your right hand should not know what your left hand is doing. ... more
0 votes 6 answers Share Flag
Sun Aug 10, 2014
Michael Reed answered:
If you plan to live in Folsom, CA and take public transportation to downtown Sacramento, you can't go wrong with the Light Rail. You can park and ride from Sutter Street or Iron Pointe stations and ride it all the way to the Sacramento Valley Station.

Here is a link to the 507 Gold Line Schedule

Take Care!
... more
0 votes 5 answers Share Flag
Thu Aug 7, 2014
Jason Andrews REALTOR answered:

Great Question! Always a factor with HOA homes.

Link you are looking for as stated before:

States on Website: Each person who purchases a home or lot in AmericanRiver Canyon North should be aware that there are specific Covenants,Conditions and Restrictions (CC&R's) that pertain to their home or lot. These CC&R's outline, among other things, an Architectural Review process. It is the Owner's responsibility to comply with the Architectural Review(AR) requirements as well as the applicable City of Folsom Municipal Codes, to maintain "conformity and harmony" within ARCN and preserve the quality of our beautiful neighborhood.

As outlined in the (CC&R's) each Owner is responsible for submitting plans for review by the Architectural Review (AR) Committee, prior to the start of any new home construction,as well as any exterior change or alteration to their residence. This includes,but is not limited to, new roofs, addition(s), fencing, exterior painting, landscaping and pools. Some residents choose to have their contractor submit review forms, plans etc. It remains the ultimate responsibility of the resident to insure compliance.

Beginning January 1st, 2008, The Management Trust, Kocal Division took over much of the responsibility for our AR process. They accept all AR submissions, track requests, communicate with residents, notify homeowners of the AR decisions in writing, as well as the tracking and monitoring of all AR Violations. The AR Committee reviews each project and renders a decision to Kocal.

The required forms are:

Architectural Review Form and Materials Sample (3 pages) - Download
Architectural Review Info/Guidelines/Fee Schedule Download

Hope this helps. If you need additional information on a certain property within this neighborhood please contact me and I can provide you with this.

Jason Andrews
REALTOR CalBRE 01722818
... more
0 votes 3 answers Share Flag
Tue Jun 17, 2014
Danielle Sweet answered:
This is difficult to answer without having seen the agreement and having understood the terms. Without knowing the appraised value and if the buyer's funds would cover the difference. I love the question... Can you provide some more information?

Please contact me if you would like any more help!

Have a great afternoon!

Danielle Sweet, ZipRealty, Inc.
RealtorĀ®, Licensed in CA, #01921756
916.934.2120 | Fax: 877.625.2296
My profile:
... more
0 votes 16 answers Share Flag
Wed Apr 23, 2014
Debra (Debbie) Rose answered:
you forgot to give the address of the home!
0 votes 1 answer Share Flag
Fri Feb 21, 2014
Sandhya Murthy answered:
I would highly suggest you seek the advice of a local real estate agent expert. Every market is different. In the bay area we are dealing with a lot of ALL CASH offers which dont have loans associated with appraisals. There is a multiple offer frenzy and buyers are willing to pay extra out of pocket just to move into this neighborhood. Talk to your realtor to understand risks associated with removing the appraisal contingency. I am highly against it, but in a low inventory and multiple offer market it may be the only option if you really want the house. If you can not pay the difference of the appraisal then you absolutely should not remove the appraisal contingency. ... more
0 votes 13 answers Share Flag
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