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Fresno : Real Estate Advice

  • All403
  • Local Info27
  • Home Buying153
  • Home Selling23
  • Market Conditions7

Activity 437
Thu Jul 31, 2014
Annette Lawrence answered:
Kim Darling provided you exceptional advise.
If your interest is in making a real estate purchase, you need a lender who has a track record of working with folks in your situation, looking for housing just like you, and who can deliver COMPETITIVE solutions on time, under budget and without all the drama.

Some referred lenders can even provide you a 'Clear to Close' making your very competive with cash buyers with quick close and removal of financing uncertainty. You can really appreciate the value of this until you pick up the phone and give Kim a call.

Please be aware, response notification on Trulia is disabled. I will not be aware of any follow-up questions and may not receive an inquiry if you use that 'contact' link. If your need is urgent for a response from me, you will need to CALL.

Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor, FL
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0 votes 4 answers Share Flag
Fri Jul 25, 2014
Gregory Frech asked:
Sat Jul 19, 2014
Ruth and Perry Mistry answered:
Thanks for your question.

Generally, it is 1 to 3 depending on the Circumstance, associated with
The foreclosure, the lender and whether you are current on all other payments.

If you defaulted on the home loan, as well as other payments, it viewed dimly.

Good luck
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0 votes 2 answers Share Flag
Fri Jul 18, 2014
Dane Wildey answered:

If you haven't done so, you should be asking your agent why. Part of your fees are going to the listing agent for marketing the property. It is important for you to continue to work with them and understand what they are doing to help get your home sold. In that you are under contract with your Realtor, you need to consider yourself a team and work together and communicate regularly.

However, in doing a quick review, I noticed your home has only been on the market 25 days. When looking at comps, the average days on market for your neighborhood is 63 days and the price per square foot average is $95.

Hope that helps and don't be discouraged! You are in a great price range!

- Dane
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1 vote 28 answers Share Flag
Wed Jul 16, 2014
Maria Contreras answered:
Hi Kelsey, I would be happy to meet with you, to explain the exposure you receive when listing with an agent, plus all the other amenities. Here is my contact information. 559-261-3462
0 votes 9 answers Share Flag
Fri Jun 13, 2014
Tristam Bielecki answered:
If you have a rental agreement, then that will preside in this situation unless a clause states that it is non-transferable. As long as there is no clause then you can stay until the end of your lease period as it now transfers to the new owner. ... more
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Tue Jun 10, 2014
Andrea Heekin answered:
Hi Mini,

I recommend

All the best,
Andrea Heekin
1 vote 2 answers Share Flag
Wed Jun 4, 2014
Cindy Davis answered:
This is a problem many people face. I'm sure you get a lunch hour or can make a call on a break.
0 votes 1 answer Share Flag
Wed May 28, 2014
Jose Reyna answered:
Hello Deandrealee,

Do you have a questions about Fresno City College?
0 votes 1 answer Share Flag
Fri Apr 25, 2014
Lynne Rapada answered:
The seller has the right to request you be pre-approved with a lender of the sellers choice. The seller cannot legally require you to use this lender. A buyer has the right to select the lender of their choice. It is in your best interest to be pre-approved with the lender the seller is asking you to use and to also submit to the seller your pre-approval letter from the lender of your choice showing the seller how strong a buyer you are. The seller will feel more confident in selecting you as a well qualified buyer & be assured you will be able to close the sale. Lenders & Banks have made the process very difficult & tedious since the collapse of the market in 2008 with underwriting guidelines changing constantly & interpreted differently by different underwriters. This is why many sellers want you to be approved with a lender they have confidence in. ... more
0 votes 13 answers Share Flag
Wed Apr 23, 2014
Tammy Hayes answered:
Buying a REO/Bank Owned Property

Buying a foreclosed property can differ in many ways than other more standard transactions. All offers are contingent on financing and must be accompanied by a pre-approval letter. Some banks require a pre-approval letter from a certain lender, so be sure to read guidelines before submitting an offer. All cash offers require proof of funds with the letterhead of where the funds are being held and the buyers name listed. Actual account numbers can be blackened out, as long as buyers name is easily visible. Write your offer as seller chooses the title company as they have already started preliminary title work on these properties.

All offers must be written offers, on an As-Is contract only Some banks supply addendums in advance, and if that is the case it will be in the MLS as an attachment and should be signed and dated and submitted along with your offer. In most cases, however, the bank addendums are provided only after buyer and seller come to agreement. At that time, the bank will send their bank addendums/counter offer for buyer's signatures. Please note at this point, the bank has still not signed anything, and most likely will not sign until ALL forms have been signed by the buyer. Your offer is considered a pending contract until it is returned from the bank/seller with their final approval. In the interim, all offers that come in must be presented. When signing and initialing a bank addendum, do not alter it in any way or it will be rejected.

The usual time frame for a response to your offer is 3-5 business days, although sometimes a little sooner and occasionally a bit longer. Allow plenty of time for acceptance, and for closing the deal, 30-45 days in most cases.

If you are requesting seller concessions for buyers closing cots, pre-paids, or repairs, make sure those are requested in the written offer, as adding these things at a later date can be very difficult and most times impossible. If you are writing an offer for an FHA or VA purchase, please make sure the property will meet the standards for this type of financing. The majority of the time, repairs are not permitted prior to closing. Ask the lender if they allow the buyer to escrow their own funds for repairs.

Once you have a fully executed contract, time is of the essence. All inspections must be done in a timely manner according to the contract. Should the buyer not be accepting the conditions, written notice must be obtained prior to end of inspection period along with a signed cancellation and release form. Some banks will make earnest money non-refundable after the end of the inspection period. Read your addendums carefully.

Please note that bank owned properties closings are considered mail-aways, because the title companies that are used to close the transactions are usually located out of our general area. Some will send a mobile notary to the buyers agents office to close the transaction and then all documents are overnighted to the title company, but it is not considered officially closed until all original documents and funds are received.

A lot of foreclosures are going into multiple offer situations. Most buyers think that if they have the highest purchase price, they're going to get the property. Often this is not always the case. One of the big things they look at is the timeframe for the inspection. This is a contingency on the contract and the banks want it satisfied ASAP. Instead of the usual inspection period of 15 days, if you can do it in l0 days or less, the better. Another is the timeframe for closing. If paying cash they usually prefer the closing date to be no more than 2 weeks. A conventional loan can be 30 days and FHA 45. Just make sure you are prepared to close in the specified time or you could be charged $100 per day or more for each day beyond the original closing date. Also a larger deposit generally indicates a more serious buyer in their eyes.

Another point is to not go into another month. For instance, if you can close on the third week of the month it’s usually preferred. They usually don't like to close in the last few days of the month because it might have to be extended into the next month. The banks like to close out their books each month and not have to extend. This is especially true if it is the end of the quarter. Lower offers have been accepted because the closing date was the third week in the month.
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Sat Apr 19, 2014
D'angelo Domingo Andrada answered:
I would check the mls for that area to see if its worth it whats your price range
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Thu Apr 17, 2014
Markdg1785 answered:
Wed Mar 26, 2014
Alicia Rogers Brown asked:
This question was asked from
0 votes 0 Answers Share Flag
Tue Mar 25, 2014
Anne Barrington answered:
Sat Mar 22, 2014
Lizirobi asked:
This question was asked from
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Mon Mar 10, 2014
Trevolyn Haines answered:
Most renters only give a 30 day notice to move out so you will find more listings available for your desired move in date in May.
1 vote 3 answers Share Flag
Mon Mar 10, 2014
Michele Severance answered:
Hi Mark.

Give me a call with a little more details
Regarding this property.

When you say membership do you mean hoa's. ?

0 votes 1 answer Share Flag
Sun Mar 2, 2014
Al Rodenburg answered:
In our market, a "Pr-Qualification" letter is not being accepted by realtors; homes are going too fast; they (realtors) want to know that the Buyer is truly approved (by an Underwriter) before they accept an offer; let me know if I can help.
- Al
Al Rodenburg, Sr. Loan Officer, NMLS#272775
FLAGSTAR Bank Home Lending
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0 votes 15 answers Share Flag
Fri Feb 28, 2014
Bill Pfeif answered:
You can ask but there is no obligation of the seller to respond. It is common for sellers and there agents to withhold the sales price until the sale records. The price accepted could be less or more than the asking price and it is considered poor strategy to disclose before closing as the sale may fall thru and other buyers would know what was acceptable preventing the seller from obtaining a higher price. It is also the sellers prerogative to accept whatever offer he determines is best for him. It often is not the highest offer.
Contact me for additional scenarios.
559 260-0974
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