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Lower Lake : Real Estate Advice

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  • Home Buying8
  • Home Selling1
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Activity 10
Sun Nov 5, 2017
Derrick653901 asked:
Sat Jun 25, 2016
Shelley asked:
Thu May 19, 2016
Susan Smith asked:
Mon Feb 17, 2014
answered:
What is the address?

Just email me if you have any other questions or concerns.

Alex Greer
Loan Officer
NMLS #1056079

http://www.TheMortgageOutlet.com
408-352-5147
AGreer@TheMortgageOutlet.com ... more
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Thu Aug 8, 2013
John Arendsen answered:
You really should start with the park manager. You will have to fill out an application and be approved by them before you even make an offer on a manufactured home in a rental park


Be sure to have it thoroughly inspected by an experienced MH inspector and not just any home inspector as there are several nuances with MHs that you don't have in a conventional site-built home and most home inspectors not familiar with these nuances will not even know what to look for.

Make sure the inspector crawls under the home and thoroughly inspects each and every pier and pad assembly for rust, deterioration and decomposition if steel and for decomposition if concrete as homes close to the ocean can be severely impacted by salt.

They should also make sure the home is level by checking all the doors and windows to make sure that they are not swinging or sticking and that all the strike plates on the doors are properly aligned and the doors close soundly.

The inspector should also inspect the steel mainframe for rust and decomposition as well. I can't tell you how many mainframes we've had to repair that were suffering and in some cases even failing from rust and deterioration related issues.

Be sure and have the inspector check for rips and tears in the vapor barrier under the floor. If there are openings in this membrane it could allow the insulation under the floor to become compromised and even fall on the ground.

Openings in the vapor barrier are also a great place for rodents and cats to habitate and reproduce. We've eradicated countless critters from these cavities over the years and it's not a very pleasant experience.

Finally and very importantly make sure the home has a California State Housing and Community Development Department (HCD) certified earthquake resistant bracing system (ERBS) as most areas in California are classified as a Zone 4 earthquake area which holds a high probability of risk for a seismic event..

We are a California licensed and experienced manufactured home and general contractor and manufactured home dealer, developer and real estate brokerage with decades of experience in the MH industry.

Please feel free to contact us anytime at 800 909-1110; cell: 760 815-6977. Or email us at onthelevel@cox.net.

Please feel free to log onto any of our very user friendly websites:
http://www.mh-processing.com http://www.tagrealestatesales.com http://www.chadofalltrades.com http://www.intimatelivinginteriors.com
... more
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Thu Jun 27, 2013
Daniel Saxe answered:
All you have to do is go to the court house in lakeport and go to the records department on second floor. Give them the address and they can tell you who owns it. I have done it before.
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Tue Jan 11, 2011
Dallas Texas answered:
Refer to the county tax records HOWEVER if the property has a listing agent bank will not talk with you

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor

The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
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Sun Oct 31, 2010
Fiona Mackenzie answered:
If it's a terrific property that's priced well, it will receive multpile offers and go into escrow within a week or so. Escrow will usually close 30-45 days afterwards. That's why it's important to hook up with a local realtor who can inform you immediately when a new property, fitting your requirements, comes onto the market. Having said all that, properties are generally listed with a realtor for 6 months. If an offer isn't made within a certain period of time, the realtor will advise the owner to lower the price. ... more
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Sat Oct 30, 2010
Anna M Brocco answered:
Consider a visit with any qualified loan officer(s), after reviewing your overall financials a determination can be made as to loan qualification--your loan officer can/may suggest great ways to improve your credit score in the quickest way if needed--however, do consider handling your negatives first, and keep in mind that a mortgage outside your budgetary constraints can dramatically alter your overall living conditions. ... more
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Sun Sep 12, 2010
Jean King answered:
Hi! I am an agent in Lake County, I see you are in Lower Lake. All of the answers you've received so far are good in so far as they go but you have to remember real estate is local. As previously mentioned, properties are priced in accordance with current, local values. A property which is priced well, with little work needed will have multiple offers (in this market) which can translate into offers over asking price. The best way for you specifically to tell if a property appears to be priced appropriately is look at other properties of the same age, features offered and location. Comparing, for example, a property in HVL to one in CLR won't do you a world of good as each has their own unique market, HOA and appeal to potential buyers. In order to know how to structure an offer you have some homework you have to do.

1. Talk to a lender; find out how much home you can purchase and get pre-approved for that loan amount.
2. Understand what kind of loan you will be obtaining; not all loans are the same, even if the interest rate is. For example, having a FHA loan will mandate that the particular property has to have certain items in place prior to funding (for example: a stove or depending on the lender a dishwasher) whereas a conventional loan may not require these items. Would you personally have the funds necessary prior to closing to make an investment in the property? You have to expect with a foreclosure (or REO) property that the seller will not make any repairs and the property is being sold as-is.
3. Make sure your agent understands what's required by a seller in order to submit an offer. The object is to make your offer an attractive one by having all of your paperwork ready to submit at one time; understanding the various terms and conditions of the purchase agreement favorable to your offer as well as the seller.
4. When you identify a property you're interested in ask your agent how long the property has been on market and if it's been on market for say longer than 30 to 60 days (in our market) ask if there has already been a price reduction. This is important because a property which has been on market for less than 30 days typically indicates that a seller won't entertain much if any leeway on price. If the property has been on market for any length of time ask your agent if it has been in escrow and fallen out...this may indicate that some reports or inspections are available for the property. Keep in mind that some types of properties typically (regardles of seller type) are on market longer than others (for example: properties with acreage; move up properties, etc.). Your agent would be the one to ask about this.
5. Remember when buying a foreclosure (or REO) to have all inspections as the seller has never lived in the property and is exempt from providing some disclosures other sellers would have to provide. So, if the property is on septic, have the septic pumped to make sure it hasn't failed; have a home inspection for all those little things that make your house work and a pest inspection to ensure there is no significant pest damage. Typically these inspections are made after an offer has been made, not before. Inspection contingencies are typically limited to 7 to 14 days from date of acceptance so you really have to have your inspections lined up while negotiating with the seller; if you don't get the property, you can cancel the inspections but it unlikely that you will get more time to perform inspections. You should anticipate paying for these inspections and you may in fact be out the money if the inspections indicate major items of concern to you...but think of it as peace of mind. Wouldn't rather know up front than after you've purchased the property and moved in?
6. Finally at the end of the day, with all the flaws and imperfections of any property, only you can determine what the property is worth to you; however, in an area of homes with asking prices of $100,000+ don't be surprised if your offer of $80,000 is rejected (example only).
Buyers are often surprised to learn that an all-cash offer may not trump an offer which is financed. Keep in mind that the Seller will receive cash at the closing regardless of offer type. Keep in mind that all offers are submitted to a seller but the accepted offer may be the one with the best terms for the seller; for example, short escrow period; a larger deposit; proof of funds if an all cash offer (or if necessary for closing costs).
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