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Home Buying in Long Beach : Real Estate Advice

  • All697
  • Local Info83
  • Home Buying252
  • Home Selling24
  • Market Conditions19

Activity 368
Fri Nov 17, 2017
Mindy13munson answered:
0 votes 16 answers Share Flag
Fri Oct 6, 2017
dovedowns answered:
Just guessing here: the up arrow might mean the asking price has been increased, and the down arrow the asking price has been lowered. Look at the crossed out dollar amount next to the asking price and make that comparison. ... more
0 votes 1 answer Share Flag
Mon Aug 28, 2017
Dan Terrill answered:
I'm going through something similar myself. I'm trying to find a place to life in Miami, and I have 3 dogs (< 20 pounds each), and 8 (!!!) cats. Nobody wants to rent to me, even though I'm looking to spend a *lot* of money on a place. The close-mindedness of HOAs really surprises me -- HOAs call themselves pet-friendly, but allow 1 pet less than 20 pounds. It's ridiculous.

However, I'm pretty sure that's a business opportunity for more open-minded people. So I'm going to start buying places outside of such HOAs, and I'm pretty sure I can charge a premium to be an actually pet-friendly rental. It'll take some creativity to avoid legal and financial challenges -- things like requiring a weekly cleaning service that'd report to me, the property owner, to alert about ongoing damage. Still, affluent pet-owners (like me, currently) would certainly be willing to pay a bit more for such freedoms.

I'm most concerned about legal risk from dog attacks and such, but I'm pretty sure that could be overcome with good insurance and contractual indemnification.
... more
0 votes 12 answers Share Flag
Thu Aug 3, 2017
Letiziabritt asked:
laws? Just recently I was asked by the owner to place an ad for their property. I noticed I was not able to post as Richard Daskam used my previous listing -photos/ writing of one of my…
0 votes 0 Answers Share Flag
Wed Jul 26, 2017
Shirin79 asked:
Is it better to buy investment property in long Beach Or Santa ana? They are both still affordable but I'm wondering which one will grow more.
0 votes 0 Answers Share Flag
Mon Jul 24, 2017
answered:
Rent to own properties are risky and always want from 10-15% down which is non refundable. Your rent goes up annually until you can qualify to buy. You may already qualify for financing. We as a brokerage have 30 banks and some go down to minimum 500 fico score.

You may qualify for FHA financing with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider 3% down conventional from a minimum 620 fico score and down payment and closing costs assistance programs from a minimum 640 fico.

The purchase in 90802 zip code start from 168k for 1bd 1ba 615sf condo, from 240k for 2bd 1ba 822sf condo and up. The single family home in 90802 zip code start from 499k for 3bd 2ba 993sf home.

Jumbo is available as low as 5% down with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million.

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.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve and you can be emailed listings to fit your search criteria. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 29 answers Share Flag
Tue Jul 11, 2017
Nalsammah asked:
Anyone interested in investing 50/50 buying a home in S.CA and can help in obtaining the financing? I have no proof of income but score is 771 &
0 votes 0 Answers Share Flag
Sun Jul 9, 2017
Bob Biddle asked:
I've noted an entire days worth of saved searched homes listed include not one picture--this is been happening more and more each day. How does someone expect to sell a home if a…
0 votes 0 Answers Share Flag
Tue Jun 20, 2017
Bob Biddle asked:
It seems to be a trend now to include a listing without any pictures at all. What's the point of checking your website or having saved searches if the listing agent(?) doesn't…
0 votes 0 Answers Share Flag
Fri May 5, 2017
Acd4jc answered:
What is a normal closing cost for a townhouse that is 160,000?
0 votes 7 answers Share Flag
Thu Feb 9, 2017
Msimani721 answered:
Home are my real estate taxes zip is 90807
0 votes 4 answers Share Flag
Sat Jan 28, 2017
Eleanor Devoe answered:
No yet. I am interested in investing in properties, currently single family and later commericial, and I need to know where I can find a list of properties for sale in the Los Angeles and Orange County, California areas.

Sincerely,

Eleanor Devoe
... more
0 votes 2 answers Share Flag
Thu Jan 26, 2017
CC answered:
Odd generally the selling bank does not get involved with the financing so I question your comprehension of the facts.

A seller can always refuse to fix anything your lender is making repairs a condition of the loan they cannot force a seller to fix anything. Nor will they if they are the bank it is not the business they are in. They might accept less money though ... more
1 vote 6 answers Share Flag
Thu Jan 19, 2017
Rich Reed answered:
Many Realtors can provide clients with a property profile report from a title company, which may be adequate for your needs. We offer as a service to our clients in the San Gabriel Valley, a full preliminary title report. Perhaps you can find a local Realtor in your desired area that offers similar service. ... more
0 votes 1 answer Share Flag
Tue Jan 3, 2017
Vanessa asked:
My home sold at the sheriff sale yesterday. I have 2 questions:

1) The court docket says that the deposit was paid by "PLT", would that be the abbreviation for "Plaintiff" (the bank)?

2)…
0 votes 0 Answers Share Flag
Sat Dec 3, 2016
Gissel answered:
Hi Gene, first off allow me to explain to you what "tradeline bankruptcy" that appears on your credit report means. Credit report agencies (Experian, Transunion, and Equifax) report information on each of your accounts separately for each creditor that holds or has held that account. Each of these separate reports of the account is referred to as a "tradeline."
Secondly, depending on the bankruptcy type you will continue to have this in your credit history, tipically a Chapter 13 bankruptcy should drop off your report after 7 years, where as to a Chapter 7 typically shows for up to 10 years from the date your case was filed.
You might be able to apply for a home loan, depending on the waiting period requested by the lender and the type of loan you filed the bankruptcy for will be your standard waiting period.
FHA loans- 2 years
VA loans- 2 years
Conventional loans- 4 years
USDA loans- 3 years
Hope it helps, good luck to you.
My office is located in Long Beach, and you are welcome to comtact me with any further questions you may have.
Gissel Hernandez
Sonnocco Real Estate Group
... more
0 votes 1 answer Share Flag
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