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Garden Grove : Real Estate Advice

  • All113
  • Local Info6
  • Home Buying33
  • Home Selling2
  • Market Conditions5

Activity 104
Fri Sep 21, 2012
Felix Hung answered:
Deborah,

Thanks for the correction.

Felix
0 votes 17 answers Share Flag
Fri Sep 21, 2012
Tim Kunze answered:
Ann is partially correct: "Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods." To be totally correct, she should add, "based on race, religion, etc." That is known in the business as "block busting" or "redlining".

However, it is our responsibility, as Realtors(r) to answer questions posed to us by our clients based on factual information. My son's car being broken into is a fact. That this complex backs to a trail (former rail spur) is also a fact.

Would I be wrong in advising a client not to buy a home on the corner of a busy street if they had told me they did not wish to deal with traffic noise? My former home backed up to the 22W/405N on ramp. I would have been neglecting my disclosure responsibility had I not mentioned that, even with the new sound wall, there would be some noise from the freeway.
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1 vote 5 answers Share Flag
Sat Jun 16, 2012
Birgit O'hearn answered:
Hi Phil,

Congratulations! Wishing you all the best on the purchase!

Warmest Regards,

Birgit O'Hearn
(949)463-7955
Windernere Real Estate SoCal
0 votes 16 answers Share Flag
Sun May 27, 2012
Kevin Ta answered:
Try it here to get more information

www.loanfactoryinc.com

or call 626-905-9550
0 votes 2 answers Share Flag
Thu May 17, 2012
Kawain Payne answered:
I can tell you homes in Garden Grove/ Westminster are moving VERY fast ,some in a matter of days!

As for prices, no one can be certain what the future holds. I can only tell you that "right now" homes are moving fast,. We are seeing multiple offers and prices are moving up (slightly)


Best of LUck to You!


Kawain Payne, Realtor
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0 votes 15 answers Share Flag
Tue Apr 10, 2012
Jeremy Lehman answered:
To follow up, here's a report on this property http://www.narrpr.com/report.ashx?report=b8cf07b5%5cb127-4d2c-bdee%5c4d86561cd547%5cPropertyRpt_11881-Magnolia-St-Garden-Grove-CA-92841_2012-04-11-00-19-46.pdf

Hope it helps...
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0 votes 2 answers Share Flag
Tue Mar 27, 2012
Rene' De Blanco, MBA answered:
Frankly, you will need to pull a tri-merge to know where you stand. More importantly, the higher the scores, the more loan programs that are avaialble to you. Hence, if you don't know have any insight on where you are, it would be difficult for anyone to advise you on how to improve your score.

Hope this helps!

Kinecta Federal Credit Union
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0 votes 15 answers Share Flag
Sat Mar 24, 2012
Don Tepper answered:
Despite some of the comments regarding their safety, the newer ones are just as safe as stick-built homes.

They're cheap (as some of the previous answers noted) because:

(1) In parks, you pay a lot rent which typically can run from $200 to $800 more a month.
(2) Mobile homes themselves don't appreciate in value. Rather, they depreciate, somewhat like automobiles do.
(3) Parks have stigmas against them. Some people just won't live in a mobile home in a park, regardless of how nice it might be.
(4) There's almost no land. Yes, you're renting the land, but the amount of land is very small (in most cases).

Still, they can be the right answer for a lot of folks. I bought a manufactured home a few years ago and am selling it with owner financing. It's a nice 2-bedroom unit in a great location (very good park) that I sold for $13,000. The buyer is happy; he's buying it from me for $210 a month for 5 years. Next year, he'll own it.

Hope that helps.
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2 votes 6 answers Share Flag
Fri Mar 23, 2012
Willy Olsen answered:
First thing would be to go talk with a real estate lawyer. Sometimes a nice letter from a lawyer gets things straightened out.
A listing agreement is a form of employment contract with the Realtor. Sellers can terminate this agreement in writing.
Since your parents knew of an offer and even counter offered, there then comes into question as to when or if there was an "offer and acceptance". That's where the lawyer comes in again.
As for the Realtor, your parents can file a grievance with the agents Association of Realtors. They may or may not do anything.
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0 votes 14 answers Share Flag
Wed Mar 21, 2012
Kawain Payne answered:
First and very important it MUST be priced . Over priced homes scare buyers away. Homes priced TOO low for quick sale will raise red flags with buyers.

That being said to make a home most sought after it needs to be move in ready. Buyers, especially first time buyers may not have a lot of cash on hand to make repairs and upgrades right away. They will be drawn to home they can just move into and call home.

The home needs to be clean, bright and have a modern decor. New or newer kitchens and baths are a great selling point. It will also help if the plumbing is new. New windows are a plus. A new or newr roof and garage door will make the home stand out from the crowd.

A clean neat simple yard also helps. You do not have to OVER do the landscaping.
So a well priced, clean modern looking home with a nice neat yard, and good plumbing will be most sought after.

Kawain Payne, Realtor
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0 votes 13 answers Share Flag
Mon Mar 19, 2012
Kawain Payne answered:
If the property does not sale at the auction it reverts back to the bank. The bank will then have their assest management company assign the listing to an agent and the property is placed on the market as an REO.

At this point a buyer can have their agent submitt an offer to purchase the property.

Kawain Payne, Realtor
Prudential Realty
KawaindPayne@gmail.com
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0 votes 2 answers Share Flag
Mon Mar 19, 2012
Kawain Payne answered:
Once a property becomes an REO the bank will have their assest management company assign the listing to a realtor. The property is then placed on the market.

At this point buyers can have their agents submitt an offer on the property. The seller(the bank) will select what they consider to be the best offer and open an escrow.

REO sales are almost always "AS IS" sales. The bank will make no repairs. Although some banks will rehab the property prior to putting it on the market.

I have helped several buyers purchase REO properties, and as long as everyone stays on task in the transaction it can be done within the same timeline as a regular sale.


Best Of luck to you,

Kawain Payne, Realtor
Prudential Realty
KawaindPayne@gmail.com
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0 votes 7 answers Share Flag
Mon Mar 5, 2012
Kawain Payne answered:
Hello Krystal,

You can buy a home even if you do not have GREAT credit. That being said, you do need to have GOOD credit.

If you are first time buyers contact CalHFA. CalHFA is a state ran program that offers low interest and low or no down payment loans for first time buyers. The credit requirements are less strict than conventional loans. You will have to work with CalHFA approved lender.

You can obatin a list of approved CalHFA lenders, as well as get valuable CalHFA program information at :www.calhfa.ca.gov/homeownership

Best of luck to you.

Kawain Payne, Realtor
Kawaindpayne@gmail.com
714-293-1151
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1 vote 10 answers Share Flag
Mon Dec 12, 2011
Bob Davis answered:
Well nobody really answered your question here. Is there going to be any affect on your website? its possible. If you change from godaddy to hostgator, or lets say you are using bluehost and you switch to madcow, etc etc. Each hosting company may have different guidlines as far as bandwith allowances, certain website templates my not work with every hosting company. And worst of all you may not get to transfer all your email addresses. With hostgator you can set up unlimted emails for each domain, so if you have 50 agents they can all have their own seperate email such as paul@tiffanybroker.com, james@tiffanybroker.com, jim@tiffanybroker.com, other hosting companies such as godaddy charger you per month, per email for anything over 1 custom email address. So its best to make sure you do lots of research before changing hosting companies. There are lots of things that can affect a sites performance form company to company. Also not all hostings companys allow you to instal IDX, so if you are usnig IDX on your site make sure any company you switch to allows for that. ... more
1 vote 5 answers Share Flag
Mon Dec 12, 2011
Bob Davis answered:
I went to BBB and saw their grade of "F" seems like a no brainer to me. Stay Away.
0 votes 3 answers Share Flag
Tue Nov 29, 2011
Linda S. Cefalu answered:
Cris,

Just from the questions you are asking, I have to agree with previous answers. You really need to have your own agent. Try to find one that is also experienced in short sales. This will be important for you even on the buyer side.

Have you met with a lender yourself? If not, you need to.

As far as the appraisal..............once you have submitted your offer, if the bank accepts a short sale, they will then send out an appraiser. They may or may not accept your offer depending on where the listing agent priced the property. The bank that holds the mortgage will want to get close to market value of the property. If the listing agent over priced or under priced, this could vary.

Then once you get through that, your lender will send out an appraiser to make sure that you are not over paying for the property. They do this because they are giving you the money for the home and in the event that you would default on your loan, they want to make sure that they can sell the property at fair market value.

I know this can be confusing, which is why you really need to have an agent on your side that is familiar with short sales and many of these questions can also be answered by your lender.

Good luck on your purchase.
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0 votes 6 answers Share Flag
Mon Aug 1, 2011
Tom and Kate Tran answered:
Dear Mr. Yun,

I have closed several deals with VA loans, working with a great lender who is a also VA specialist. With no money down, it's a great loan to have. There is a VA funding fee; however, that can usually be financed (cost added to the price of the home.) The seller must be willing to pay VA non-allowables; I can help you navigate that process.

Also, you will need a home in decent condition; I would definitely steer you away from a fixer-upper. VA has their own appraisers which have stricter standards for loan approval. Also, short sales should be eliminated from your search. There are a number of standard sale listings in your price range in all the cities in which you expressed an interest and I would be happy to assist you in your search for the ideal home.
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0 votes 2 answers Share Flag
Wed May 18, 2011
Spirit Messingham answered:
Best bet is to call a local property management company, majority of which are paid by the owners not you. Give them a call & should be able to answer any and all your questions. Best of luck. ... more
0 votes 1 answer Share Flag
Wed May 18, 2011
Emily Knell answered:
There are 5 homes for rent coming up for at or under $2,400/mo, I can email them to you if you like.

EmilyKnell1@yahoo.com
562-430-3053 cell
Realtor Since 1996
1 vote 1 answer Share Flag
Wed Mar 30, 2011
Tiffany Hua answered:
Hello Hai,
I agree with Bill Eckler. Anything can be happened.

There might be a nice Seller and keep his/her promise according to the contract
But, what if the Seller not going to move out after 30 days? This is a Short Sale, so you know that Seller has problem with the mortgage and might not able paying you the rent after you purchased the property. Then you might need an attorney. ... more
0 votes 5 answers Share Flag
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