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Home Buying in Hemet : Real Estate Advice

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  • Local Info32
  • Home Buying101
  • Home Selling8
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Activity 114
Sat Jul 15, 2017
Margie819 answered:
0 votes 13 answers Share Flag
Wed Sep 7, 2016
Ryan Russelio answered:
You're credit score is good enough to get a mortgage. You may qualify for a grant for your down payment but you need to speak to a lender first. Try The Lenders Network, they've helped a few of my buyers get approved with less than perfect credit, and down payment issues. ... more
0 votes 4 answers Share Flag
Mon Jun 6, 2016
Sher answered:
I am having the same problem in Sacramento. Places that are in crime ridden areas where you would need a bigger dog do not allow them in the park. I have one dog who used to go to work with me daily and is very socialized is prohibited. I love my dog and would never consider living in a place where she is unwelcomed besides little dogs in my experience are yappy, biting, nervous little dogs. I understand I'm generalizing but so do they......besides what could be so wrong with a dog named Ava the Great! I wish you well in your search. ... more
0 votes 8 answers Share Flag
Wed May 11, 2016
Annawilson748 answered:
You WANT to rent you home to sex offenders near Hemet High School??? Am I reading that correctly?Why would you want to do that? Why not rent to a good family with a high-school-age child? Like my family. We are looking for a 3+2 close to HHS because our child attends. How much rent are you asking? Wouldn't you prefer a solid, responsible family with great pride of Homership and who will take outstanding care of your house? ... more
0 votes 2 answers Share Flag
Thu Feb 18, 2016
Derek Jones answered:
No. Sometimes the "seller" wants you to cross qualify with their preferred lender.
0 votes 1 answer Share Flag
Thu Feb 4, 2016
Diane Christner answered:
Be aware that the builder's representative is just that - a person employed by the builder, who puts the builder's interests first, regardless of what they may tell you. Due to the high volume nature of new home sales, builder's agents are often paid less than a traditional commission (some are even on salary plus incentives) so it is common for builder's reps to use high pressure sales tactics with potential buyers.

There are a number of reasons to use your own buyer's agent who is experienced in new construction sales when purchasing a home from a builder, such as:

1) Negotiations -- a good buyer's agent that is familiar with the local builders will be able to guide you through the contract process and negotiate on things such as price, options, closing costs where possible. Most builder reps will not tell you that those things can be negotiable. Nor will they tell you that you have the right to select a lender and title company/closing agent of your choice.

2) Contracts -- a buyer's agent will insist that all terms verbalized by the builder's rep are put into writing so that they are enforceable later on. Your agent can also go through the builder's multi page contract with you and point out important terms that you may miss or not realize the significance of. They will also help you go through your final list of builder upgrades to make sure everything you want is there and that there are no extras you did not select. By the way, builders love upgrades as that is a significant source of profits.

3) Accountability -- having your own buyer's agent tends to make the builder more accountable. Mistakes happen during the building process, a buyer's agent will work with you to make sure mistakes are corrected, not ignored or covered up during the process. This is especially true when it comes to the Punch List. Builder rep's often prefer to ignore somewhat minor issues that can be major issues to the buyer.

4) Experience -- a buyer's agent who deals with new construction purchases will generally have better knowledge of the local builders reputations, their strengths and weaknesses. They can tell you what are normal building practices in the area and what are not.

5) Knowledge -- a buyer's agent should be able to run the numbers for you comparing a new construction home in a neighborhood or area vs one that is just a few years old. Sometimes the best deal for a buyer is NOT a brand new home, but rather one that is only a couple of years old that the owners have to sell due to circumstances.

Generally there is no additional cost to the buyer to have their own buyer's agent. Most builders price buyer's agent compensation into their pricing strategies and encourage buyer agents to bring customers as they recognize real estate agents as a significant source of business.

One last comment, if you want your buyer's agent to get paid for assisting you in your new construction home purchase, please make sure that when you visit the model homes or sales office for the first time that you bring your agent with you and register them as your agent of record with the builder. Otherwise, your agent may spend countless hours helping you through the process only to find out at closing that they are not getting paid.
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0 votes 2 answers Share Flag
Wed Nov 4, 2015
Sheryl Arndt answered:
Hello Diane, if you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program from a minimum 640 fico score up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

You will need to be pre-approved if you decide to buy and to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs.

Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 2 answers Share Flag
Tue Aug 18, 2015
janetrose7 answered:
It is not a known crime area but not far to the west is, from Florida to Latham and as far to the west as Alessandro show to be particularly crime-ridden.
0 votes 2 answers Share Flag
Thu Jun 25, 2015
Jane Grant answered:
Kathy: Since you are asking this question you probably know some VA approved buyers who have had a difficult time purchasing a home.

If you are VA there are things that you must do to make your offer more attractive and just as competitive as Conventional and FHA offers.

You need an Agent like myself who has experience getting VA buyers and their offers accepted.

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0 votes 3 answers Share Flag
Thu Jun 25, 2015
Lolonako03 asked:
my credit report. Is this will affect in obtaining another loan using VA. I will sell my present home after I buy a home that I like.
0 votes 0 Answers Share Flag
Thu Jan 29, 2015
Josh Barnett answered:
What is the worry, have you discussed this with the local housing authority.
0 votes 1 answer Share Flag
Fri Aug 29, 2014
Fhancock1227 asked:
Tue Aug 12, 2014
Anthony Mercado answered:
There are many factors that can influence when to put a home up for sale. Part is economical and another part is personal. If you look at the supply and demand of home sales most homes sell during the summer months (supply increases). During the winter months such as December and January (supply decreases). Demand fluctuates during the summer and winter months also but looking at a graph not as much as supply. If you are looking to sell and you know you have a great home that is going to draw a lot of attention, you might want to try and put your home on the market during those winter months when supply is low but demand is still high. If you have any questions feel free to contact me through my profile. ... more
0 votes 2 answers Share Flag
Thu Jul 3, 2014
Denise Wendland answered:
Check out my listing. I have a 2 bedroom 2 bath listed in HEMET-Echo Hills for $23,000. Space rent is $392 per month. Finding a home with land for $30,000 will be challenging.
0 votes 3 answers Share Flag
Thu Jun 5, 2014
Jeanne Dieteren answered:
Wow, i hope you have worked your way through this situation by now. You questions to your lender were certainly appropriate and should have been responded to with a clear and direct answer. That is not a good way to start your transaction, I hope you changed lenders. ... more
0 votes 7 answers Share Flag
Thu Jun 5, 2014
Jeanne Dieteren answered:
Hi Amanda,
If you have not resolved this issue by now I suggest you have a sit down, face to face meeting with a real estate professional. You should get all your questions answered and finish with a game plan that works specifically for you. There is no obligation on your part and it should give you some piece of mind. Give me a call and we can set up an appointment. ... more
0 votes 10 answers Share Flag
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