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Millbrae : Real Estate Advice

  • All40
  • Local Info3
  • Home Buying21
  • Home Selling1
  • Market Conditions3

Activity 50
Thu Aug 11, 2016
Rich Reed answered:
You're post says you are in "Miami, FL." If you are asking about practices in CA, Richard Littlefield's answer is a great one! It should all be spelled out in your employment contract with your Broker. Employment contracts between agent and brokers is a CalBRE requirement (Reg. 2726). ... more
0 votes 2 answers Share Flag
Mon Jul 13, 2015
MegSM answered:
MyScreeningReport.com is a great resource independent rental owners. It's FREE to use. Simply create a Landlord account and invite applicants to apply - the applicant pays for their reports directly to MyScreeningReport.com. Reports are shared through a secure sharing platform that provides Landlords the assurance of accuracy and authenticity.

Reports are comprehensive and include rental & employment verifications - if requested. Customer service available 7 days/week.

www.myscreeningreport.com
... more
0 votes 3 answers Share Flag
Thu Mar 5, 2015
Sheryl Arndt answered:
Hello Marat, you did not include an address or link to know what property you are inquiring about? The purchase prices start from around 450k for 1bd 1ba condo in Millbrae.

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 you can be emailed listings to fit your search criteria.

You will need to be pre-approved 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.

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. You may consider 3% down conventional from a minimum 620 fico score.

If you have credit issues, your credit 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 thumbs up or Best Answer!
... more
0 votes 2 answers Share Flag
Thu Sep 11, 2014
Cindy Davis answered:
If the buyer is cancelling within their 17 day contingency window, buyers can cancel for any reason. They are also entitled to their deposit back. If they are cancelling after contingencies have been removed, it's a different ballgame. If that's the case, your Broker or attorney should assist you. ... more
0 votes 3 answers Share Flag
Wed Sep 10, 2014
Melissa Polce answered:
pretty sure you need to check SOCIALSERVE.COM I just looked this up for someone else yesterday, b/c as agents we are asked all the time...I just double checked to make sure San Mateo properties were coming up and sure enough they were-Good Luck. ... more
1 vote 1 answer Share Flag
Wed Sep 10, 2014
Sandy Hines answered:
Millbrae is GREAT, but it is pricey. Try looking on the border of Millbrae and San Bruno. It is also less expensive on the East side of El Camino Real... They do have a ton of affordable duplexes and small apt complex's hidden away on the small side streets. I suggest driving around Cappuccino HS- area. They will have the BIG for rent signs out. You can also try looking up the property management rental offices on-line for that area- that is a good and helpful option.. Good Luck ... more
0 votes 3 answers Share Flag
Sat Apr 5, 2014
Keith Bosworth answered:
Hello my name is Keith Bosworth. I came across this posting and it appears that you are interested in foreclosures in Millbrae. If you still are, feel free to contact. I would be more than happy to generate a search for you. Give me a call or send me an email if that is more convenient.

Keith L. Bosworth
Arise Realty
650-376-3852
keith@ariserealty.com
... more
0 votes 2 answers Share Flag
Wed Dec 11, 2013
JR Thrasher answered:
California = Community Property if you are married. No matter how you take title.

BTW...John is right, don't look for advice this important on the internet. Trulia is a pretty smart community, but some of us just sound smart on the internet.

J.R. Thrasher
http://www.SanDiegoRealEstateVeterans.com
619-929-0105
... more
1 vote 6 answers Share Flag
Mon Dec 9, 2013
Brian Nguyen answered:
Your name will at least be on the title, right? Being on the mortgage means you have the responsibility to pay off the house. Being on the title means that you are entitled to the house. Either way, in this situation, the mortgage should get passed onto you anyways if something unfortunate happened. Have you gotten anything started for a loan for your new home? If not, I would be glad to speak with you to help you get started on financing. Well I hope this helps, if you have any further questions or if you would like a loan, feel free to contact me. Well I hope this helps! If you have any further questions or if you would like a loan, feel free to contact me! Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
0 votes 7 answers Share Flag
Sat Nov 23, 2013
Elena Talis answered:
I also work with my husband, but both of us are realtors. The pro - they work together well. The rest is up to you to decide - are you comfortable working with them? Will you hire one of them without the other? How did you meet this couple? Etc., etc., etc. ... more
0 votes 8 answers Share Flag
Mon Nov 18, 2013
Jim Simms answered:
Two thoughts, no is a full sentence. And check with your lender if you are financing the home, post occupancy can be an issue with some types of mortgages.

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
... more
0 votes 7 answers Share Flag
Mon Nov 18, 2013
answered:
Well the seller sounds pretty tough, you already lost round one of negotiations. Are you sure you want to be going against this guy by yourself?

Really though, if you have had an agent working for you, now it appears that you are kicking the agent to curb and you do not seem to care if they get paid. What if your employer had you do a bunch of work, found a loop hole and then found that they could get away without paying you? You would think they were a monster. I do not know how much work the agent did for you. If they agent spent a lot of time with you, the right thing is to want them to be paid for their work.

People have a false idea and do not understand how hard agents work. Agents should be paid well if for no other reason that they are at risk of not getting paid. Sure people love to avoid paying agents, they are under the false assumption that their job is easy. That is exactly why agents rarely show these "for sale buy owners." These are the greedy rascals not the agents.

If you are buying a home for sale by owner, my guess is they want full market value, without you having the protection of your inspections and disclosures required by law. Well if you are not getting the protection of an agent, you should get a discount. Are you getting that discount?

Then you are being cheated.

What happens when you get into the house and find out there is mold, a leaky roof, plumbing problems etc.? Do you think you will be able to call the seller, tell them about it and have them write a check to fix it?

The fact is that with the internet you do not need an agent to find a house. A trained dog could find a house. You need one to negotiate on your behalf.

I say it may not be a good idea to negotiate with the seller yourself, he is already kicking your butt. Go to your agent have them write up an offer with the finders fee written into the agreement.
... more
0 votes 7 answers Share Flag
Wed Oct 30, 2013
Daniel Cheng-Top 1% Realtor answered:
I have specialized in these areas for over 10 years in the business. I'd be happy to show you some great listings and negotiate a good price when you see a home you can see yourself in. I can be reached at (415)939-8988. ... more
0 votes 1 answer Share Flag
Wed Oct 9, 2013
The Medford Team answered:
A trustee for an estate is exempt from providing disclosures when they have not lived in the property in recent history. However, they ARE still responsible to disclose facts they are personally aware of that may influence buyers. Death on the property is a perfect example of this. If the trustees are aware of a death in the past 3 years, it needs to be disclosed. The same applies to any agents for the buyers or sellers - if they are aware of a death, they are responsible to disclose it. ... more
1 vote 5 answers Share Flag
Tue Oct 1, 2013
colin mclaughlin answered:
My recent listing in Millbrae had a total of 5 offers of which 2 were all cash. A good listing agent will always look at the overall strength and terms of all offers and will not just automatically choose the all cash offer. Many times (price aside)
the all cash offer is not the best choice for sellers. In our case the cash offers ended up not getting the property.
... more
0 votes 2 answers Share Flag
Tue Oct 1, 2013
colin mclaughlin answered:
Despite being so well located Brisbane is relatively unknown to many in the bay area.
the Visitacion side(west side of 101) is very nice. I think many associate Brisbane with the the big office buildings on the east side of 101. The community of Brisbane has a great feel! ... more
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