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Home Buying in Hacienda Heights : Real Estate Advice

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  • Home Buying11
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Activity 10
Wed May 7, 2014
Danthemanre answered:
The space rent is $820 a month. With utilities and all, you pay about 1050.00. The hardest part is getting into the complex. The main factor that people dont realize is that you need to make 3x the space rent gross income every month. Its about $2400 a month that you need to show coming in every month before they take out taxes from you pay. You cannot apply for the park until you have an accepted offer on a mobile home. You really need to make sure you qualify for the park before even starting to look at any mobile homes in this complex. I am a local agent and I have sold 6 mobile homes in this complex and I can help you understand the qualifications if you have any interest in purchasing one. Please email me Daniel@Delavara.com for any questions.

Thanks,

Daniel J.
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0 votes 2 answers Share Flag
Tue Feb 25, 2014
Russell Parker answered:
Good Day Selwyn,

The answer to your question is not an cookie cutter answer. Exactly what type of space are you inquiring about.

Mobile or Manufactured Housing, Commercial Space, Storage Space, Each area has different Market Rents base on the Supply and Demand of the Area.

If you could provide me with more specific detail as to the area and type of space you are seeking I would be happy to research the average market rental rate for you.

Best Wishes

Russell Parker
Broker / Real Estate Consultant
American Dream Homes Realty
BRE # 01238096
russell@adhrlty.com
... more
0 votes 3 answers Share Flag
Sat Nov 10, 2012
Valuation Pro answered:
No, you are not dreaming. Prices have come down quite a bit in Hacienda Heights over the last few years. You should find a good Realtor who knows the area. The fist step is getting pre-approved by a lender. That means all of your paperwork needs to be in order. If a hot deal pops up you need to be prepared. ... more
0 votes 10 answers Share Flag
Thu Jul 7, 2011
Melissa Krchnak answered:
Good evening, Claudia!

You sound like you're on point and are doing exactly what you should be doing. If you're looking in that price range, you can expect to put down at least $15,000-ish (3.5%) on an FHA loan. Everyone's finances are different but a good rule of thumb is that for every $100,000 you finance, you'll pay $700/month so this would make your payment no more than $3,000/month.

My lenders would be happy to help you and give you a specific guideline of what to do next, how much you'll need for the down-payment and how much you can afford to pay for a home. There will be no guess work and at the end of your 3 month timeline, you'd be ready to start writing offers and working towards home-ownership.

I've attached a list of all the people I work with and you'll find a section entitled "Lenders". Call one or all of them and they'll start you on the path. Please let me know should you have any further questions and have a great night!
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0 votes 6 answers Share Flag
Sun Jun 13, 2010
Jonathan Chi answered:
I am still very interested in know which home she's referring to.lol
0 votes 4 answers Share Flag
Fri Jun 11, 2010
Lisa Bolanos JD answered:
Hi Maggie,
Since this was posted back in April, I am curious as to the outcome. Your agent should have explained the terms of the contract to you. How much time passed after the 21 day period? You, as the buyer do have some responsibilites and most likely you would not get the deposit back. ... more
1 vote 7 answers Share Flag
Thu Feb 4, 2010
Jane Grant answered:
Manolo: Being a conventional buyer with 20% down will greatly improve your chances.

When a homeowner is behind on their payments they may choose to put their home on the market for a price that is less than they own. This is where the term "short sale" comes in.

When placing offers on short sales make sure that you are in first position meaning that your offer is selected by the seller/owner to be submitted to the bank. The owner has to submit an offer to the bank with their documentation to get the short sale approved.

Being in back up position on a short sale means that there is already an offer that has been submitted to the bank and you will only get a chance if the first offer rescinds.

This can be a long process but well worth the wait due to the fact that prices are lower than they have been in years.

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0 votes 5 answers Share Flag
Thu Feb 4, 2010
Suzette Baker, ABR,GREEN answered:
Hi Nancy,
Nancy, it sounds like the Seller can't perform. There should be another document protecting you. What is your closing date per your escrow instructions? If the Seller hasn't performed , you should beable to get your deposit back. Unfortunate you've been waiting for so long. So still have time to purchase another property and take advantage of the TAX CREDIT. ... more
0 votes 1 answer Share Flag
Mon Aug 17, 2009
Jesse Sierra answered:
Hi Emerikus
I have a client from Taiwan, that is looking for Diamond Bar, Walnut and Chino Hills.
They are purchasing for an investment, although if you sell in the future, you will have to give a percentage to to the state. Talk to a local tax consultant first before investing.

Warm Regards,
Jes Sierra, B.Sc., Realtor®
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0 votes 1 answer Share Flag
Fri Jul 24, 2009
Janet Loaiza answered:
In my experiance if the mobile in on permenent foundation you can aquire the property as a SFR if its in a moblie park you lease the land not to mention it can be quite difficult to finance mobiles. ... more
0 votes 2 answers Share Flag
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