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Home Buying in La Puente : Real Estate Advice

  • All49
  • Local Info4
  • Home Buying16
  • Home Selling0
  • Market Conditions1

Activity 11
Wed Jan 18, 2017
Lilialugo03 answered:
can you help me and let me know since when I have had homestead at my property
0 votes 4 answers Share Flag
Fri Sep 16, 2016
answered:
I just question why you need 20% down, maybe you do, I have my doubts.

If you are simply trying to avoid mortgage insurance, I may be able to give you a line of credit for the difference. If you would like to talk about it then call me at 714-968-2500. ... more
0 votes 3 answers Share Flag
Thu Mar 3, 2016
Jose Luis Zuniga asked:
your office & either you or associate can list my rental home for me? thanks j zuniga (562) 480-1796
0 votes 0 Answers Share Flag
Fri Jan 9, 2015
Lisa Fong answered:
There are many sites that offer this information. The most popular one is: http://www.neighborhoodscout.com/
It gives you information about the neighborhood in terms of crime rate, demographics, schools and real estate information such as average home price. The best part is it's free to join.
You can also go to http://www.frontdoor.com/real-estate/how-to-choose-a-neighborhood to get tips on how to pick the best neighborhood to move in to.
Good luck.
... more
0 votes 1 answer Share Flag
Fri Aug 30, 2013
James Sanchez answered:
If you haven't notice. . Zillow and other companies do post homes on the internet even if the house is not currently listed for sale. What they do is go off public record and post it. This definitely throws a lot of people off, me personal I don't like it. I get to many calls from people asking for a home that is not even for sale.

Good luck,

James
... more
1 vote 2 answers Share Flag
Wed Jul 10, 2013
Scott Hoffman answered:
After a little due dilligence, the comps in the area (top of the market) 260K. The cash price to purchase is 305K. The house needs 40K-45K in repair costs. Add closing and carrying costs of another 19K, and the supposed deal is no longer a deal. ... more
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Sat Jul 25, 2009
Ruth Velez answered:
Everyone's comments are true, that it first goes to the seller; then the listing agent presents offer to the bank. Keep in mind, though, some issues that may or may not motivate the bank to accept the one offer that is likely presented - that is, is it enough, in the eyes of the bank, to at least recoup a good portion of what is owed on the home? Remember, a "short sale" is the sale of a home which has more owed on it than it will likely end up selling for in this particular market.

Therefore, it does not make logical sense to make a 'rock bottom' offer on a home listed as a short sale, and to expect the bank will accept that offer with open arms. Remember - the bank is looking to accomplish a sale that will lose them the least amount of money in the long run.

Hope this helps.

Ruth Velez
Portland , OR
... more
0 votes 5 answers Share Flag
Fri Jul 24, 2009
M.D.J answered:
If that is what your encountering then maybe it's time to change tactics and the type of financing.

Go after properties that have been on the market longer or that need repairs or even better both and use the FHA "203k" http://www.203kmortgagelender.com instead of the FHA 203b which allows you to buy & fix it all in one loan.

Maybe that might help your chances in finding, buying and turning something that you might have overlooked before into what was there all along...your diamond in the rough.
... more
0 votes 9 answers Share Flag
Tue Sep 16, 2008
Scott Godzyk answered:
anyone that can tell you that you will hear an answer on a short sale in 3 days is a fortune teller. most short sales take 3-6 months. a bank does not have to take a short sale, as they are takling a loss they are in no hurry to approve them. the short sale package has to be complete, it has to be done right and you only have 1 chance to do it. short sales take daily comjunication from the agent to the assett manager. yes daily... emails phone calls and/or faxes... what ever can get an answer. 99% there will be no updates however you need to be there when the assett manager is ready to make a decision or more important needs something. good luck with your short sale however as stated in ana earlier post, only 1 out of 10 ever close ... more
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Tue Jul 1, 2008
Lillian Pastora answered:
Veronica,

I'm a Realtor, but I agree with Newport Fiji that the Realtor's opinion on when to buy doesn't really matter. And in fact, the more opinions you listen to, the more confused you are bound to get (as evidenced by this board :)

I do have a degree in real estate and finance. I was trained by a Harvard MBA. I read the Wall Street Journal. It doesn't matter. What matters is YOU and YOUR goals.

DEFINE YOURS AND YOUR FAMILY'S GOALS.
Is your goal to live in this home for the next 3 years or for the next 10 years?
Do you plan on growing your family more?
Why is now personally a good time for you to buy?
What would you be gaining personally as a family by purchasing now or waiting until the end of the year?

Once you have clearly defined goals for your family, you will be in a better position to make the decision of whether to buy now or wait. if your goal is to live in the home for many years, in my modest opinion, buying now (Summer) or waiting until the fall of this year, will not really make much difference in the grand scheme.

Hope this helps and good luck!

Lillian Pastora
Broker-Associate
RE/MAX Masters
626.375.2507
Lpastora@remax.net
... more
0 votes 6 answers Share Flag
Wed Jun 18, 2008
The Hagley Group answered:
It all comes down to the bootom line - how much the lender will receive. An all cash offer or a high down payment can often sway a decision if contracts are close. Once approved, lenders just want the deal done! ... more
0 votes 4 answers Share Flag
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