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Oak Hills : Real Estate Advice

  • All50
  • Local Info1
  • Home Buying23
  • Home Selling1
  • Market Conditions0

Activity 30
Wed Jun 15, 2016
Sunshine345672000 asked:
We get a notice taped on our garage that they will auction the house in less than 3 weeks he didn't even contact the management company about it knowing he has tenants in there. it gave…
0 votes 0 Answers Share Flag
Tue Feb 23, 2016
Arpad Racz answered:
Hi,

Starting with a pre-qualification is a good first step.

Kind regards,

Arpad
0 votes 7 answers Share Flag
Mon Feb 22, 2016
answered:
Hello RickS, yes each lender is different in their overlays and guidelines although VA or CalVet do not have a fico score requirement, some require a minimum 640. We use banks with no overlays and you can close with minimum out of pocket expenses with the VA no no or CalVet.

You will need the appraisal fee, earnest money deposit and credit report fees which can be reimbursed at closing. I am also a Veteran and love assisting Veterans.

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. Your email address is needed to set you up for the automatic daily updates.

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
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0 votes 7 answers Share Flag
Thu May 22, 2014
Rose Henrichsen asked:
Sat Nov 23, 2013
Trevolyn Haines answered:
There is a Target shopping center at the corner of Main St. & the 15 Freeway approx. 6 miles away & a Costco located within 14 miles (go N & then exit off the 15 at Roy Rogers Dr).

Those are my two favorites but there are many more choices primarily along Main St (East of the Freeway), along Bear Valley Rd, & also along the 15. The closest grocery is a Stater Bros approx. 6 miles on Main and a Von's is approx. 11 miles at the corner of Hesperia Rd & Bear Valley.

The area is also continuing to grow so more will be added.
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0 votes 1 answer Share Flag
Mon Nov 18, 2013
Rico Garcia answered:
I meant oak hills ca 4 bdroom 2bath 10000 sq ft lot built in 05
0 votes 4 answers Share Flag
Fri Sep 13, 2013
Melissa Goss answered:
Let me break it down for you....

$155,000 home for sale. Agent gets listing for 5% commission

Agent then must PAY out of their OWN POCKET for----

The advertising for your home
2- sign advertising- not free
3- mailer advertisements- not free
4- open houses- food purchased for the open house, signs, promotional material ALSO NOT FREE.
5- Gas in order to travel back and forth to home whenever we bring in a potential buyer
6- our desk fees, yea, we normally don't mention this stuff
7- time... you know like any job you expect to be paid
8- our licensing fees- mls fees, and any other websites we participate in

I am positive I am missing many many more....

so break down now with me....

$155,000 asking price....

Home sells through another brokerage aside from the listing agents brokerage for $150,000 at a 5% commission.

That $7,750 will now be cut 4 ways.

The selling agent, and the selling brokerage takes half. That is $3,875.

Now the listing agency gets their half of the pie. $3,875.00

But wait... not done yet.... cut that in half now with the listing agent and the broker.

Your agent is left with a solid $1,936.50 BEFORE taxes.

After maybe.... 4 months of working on the listing and getting it sold. Now take that $1,936.50 and include all of those other costs discussed above

The agent is lucky enough to walk away with $1,000 after all is said and done. 4 months later- or longer.

Now I am not trying to be a jerk, but I am simply pointing out the reality behind everything before you so quickly call agents selfish...
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1 vote 5 answers Share Flag
Thu Jun 13, 2013
Robert Spinosa answered:
You might expect me to say that since I'm not really an "online" lender, you should avoid that type of institution. But the advice I'd give anyone is that if you find a loan professional who makes things easy to understand FOR YOU, is available and accountable, and who offers great rates and service, it really doesn't matter for whom he/she works --- online or local. If you've covered all those bases, you are fairly well-positioned to get a solid deal.

One caveat, your seller may not like seeing a pre-approval letter from an online/out-of-state lender. In a hot market, if they're going to accept an offer, they may want to know the lender and his reputation, and that's where it can help to have someone closer to home.

Let me know if you have any questions.

Rob Spinosa
rspinosa@rpm-mtg.com
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0 votes 9 answers Share Flag
Thu Jun 13, 2013
Bo Goulet, broker answered:
Betty;

Right now we are experiencing a seller's market. We are experiencing multiple offers on just about every house, with bidding wars commonplace.

You may not be able to obtain the needed level of visibility marketing your property without the assistance of a local Realtor in order to obtain the highest bid.

Additionally, Realtors carry errors and omissions insurance, a protection against litigation you may not have.
... more
0 votes 5 answers Share Flag
Thu Jun 13, 2013
Bo Goulet, broker answered:
Linda;

FHA vs. Conventional is an answer that needs to be answered by the loan officer you choose. If you are a 1st time home buyer, I would recommend that you talk with a lender here near Oak Hills who knows about the local 1st time homebuyer programs, Down Payment Assistance programs, and 100% financing programs available in the area.

Give me a call, and I'll be able to discuss specific benefits.
... more
0 votes 5 answers Share Flag
Tue May 14, 2013
answered:
Good afternoon Russbelind,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
1 vote 6 answers Share Flag
Fri Apr 26, 2013
Marie Williams answered:
This property was SOLD last YEAR 2012 if you talking about Canyon Drive
0 votes 2 answers Share Flag
Tue Feb 26, 2013
Glenn and Paula Zimmerman answered:
Living free in America.
It's hard to imagine a more desirable location in the High Desert. Come and join us - Freedom Loving Rugged Individuals.
Glenn Zimmerman, Broker/Owner
the All American Real Estate Company
9748 Rose DR Oak Hills CA 92344
Glenn@AllAmericanRealEstate.com
760.947.3621
... more
1 vote 4 answers Share Flag
Tue Feb 26, 2013
Billine Flynn answered:
Hi Linda,

I live in Oak Hills and haven't experienced a large increases in my fire insurance policy. The best thing to do is to contact a local insurance agent and have them give you a quote on any property you may be considering purchasing. Oak Hills, Phelan and Pinon Hills are rural areas but most homes are on city water and have fire hydrants nearby. It is a good idea when looking at property in rural areas to see where the fire hydrants are in relation to the property. As a rule of thumb most insurance companies want a hydrant within 300-600 feet of the property.

If you would like the names of some local insurance agents feel free to give me a call or email me.

Billine Flynn
Platinum Realty West
760-963-6366
re4sale2@yahoo.com
... more
0 votes 2 answers Share Flag
Tue Feb 26, 2013
Billine Flynn answered:
Hi Linda,

Having lived in Oak Hills for the past 21 years I am very familiar with the fire dangers. You can check out the fire maps on the Cal Fire website. We also pay an annual $150 fee to the State of California that is separate from our tax bills that is supposed to go towards fire prevention programs in rural areas. Oak Hills is located in a fire hazarad responsibilty area.

If you have any questions please feel free to call or email me.

Thanks,

Billine Flynn
Platinum Realty West
760-963-6366
re4sale2@yahoo.com
... more
0 votes 2 answers Share Flag
Wed Jan 23, 2013
Douglas Lagos answered:
Hi Will,

As others have posted here, do not sign an open ended fee agreement. Some short sale contracts have a per diem, usually up to $100 per day, if escrow does not close on a certain date.
Contracts are like anything else, and can be negotiated. Just because it is a short sale, it should not be OK to charge a per diem.
You can always, negotiate, and if the deal is not good for you, you may have to walk away. Talk to your agent as to your options.
Usually, if the bank already signed the contract, you should not have to pay or agree to pay for any fees.
If the bank has not signed the contract, and is sending you a counter offer with the fee addendum, you have the choice to negotiate, sign as is, or walk away.

Again, talk to your agent.

Douglas Lagos
Realtor, Certified HAFA Specialist
Coldwell Banker
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0 votes 12 answers Share Flag
Fri Aug 10, 2012
Jose Rodriguez answered:
Oak Hills is a community of newer custom homes, some range from 1600 to 7000 square feet, most properties are in 2.5 acres or more, there is a homeowners association that has dedicated their time and effort into preserving the rural area community. It is far enough to feel like you are in a Ranch style setting yet only minutes from the major town of hesperia and Victorville.

If your looking to have animals, and lots of land, Oak hills, phelan is your best bet, homes range from $200,000 (prices going up) to over 1 Million. The last and most expensive home sold in these area was $728,000 for a 4580 sq ft home. Listed at 12325 Whitehaven. I sold that house.

I know the area very well and could give you different locations whether you want to be on a dirt road or a paved rd.

www.Gorlty.com

for more information.
... more
0 votes 8 answers Share Flag
Mon Aug 6, 2012
answered:
Hi Haley,

Unfortunately you're not going to be able to buy just land with a VA mortgage. You maybe able to buy another home with a VA mortgage with your 2nd tier or bonus VA entitlement depending on a couple things.

The amount of bonus entitlement you have available will depend on how much you used on your current home and the VA loan limit for the county you want to buy in.

Here's an example:

In areas that are not considered high cost by VA, the county loan limit is $417,000. Your entitlement is the county loan limit multiplied by 25%. $417,000 X 25% = $104,250.00 for your VA entitlement. This means you could buy a home of up to $417,000 without a down payment on your first purchase. Since you've used your VA entitlement once, you need to figure out how much you've already used to figure out how much you have available.

I can help you figure out how much you have available and whether or not you'll qualify.

Please feel free to contact me for more information or help. You can also find more info on my VA Mortgage website by clicking the link below.

John Burke
Senior Mortgage Banker
ENG Lending
(877)228-9069
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0 votes 1 answer Share Flag
Tue Apr 10, 2012
answered:
Hi Ben,

It may work depending on why you're unable to qualify on your own.

If it's due to your credit scores/history, a co-borrower isn't going to help. If it's an issue with your income/debt to income ratios, a co-borrower may help if they have enough income. ... more
0 votes 3 answers Share Flag
Tue Apr 10, 2012
answered:
Hi Vanessa,

It depends on the loan program.

For an FHA loan you'll need a 640 or better middle score for most lenders .

For a conventional loan you'll need a 680 or better middle score.

For a VA loan loan you'll need a 620 or better middle score.
... more
0 votes 2 answers Share Flag
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