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Home Buying in Porterville : Real Estate Advice

  • All63
  • Local Info9
  • Home Buying22
  • Home Selling4
  • Market Conditions0

Activity 25
Mon Sep 25, 2017
Jancarter147 answered:
Had a realtor and had inspections done at our expense, was on third possible home when realtor started acting funny and giving everything to sellers. Having us sign contracted forms giving them items already on property, items not even on property.
Came after inspection when he knew (even sent to his office and law group) message stating we wanted INSPECTIONS done. He left that off the contract & we got stuck with a radon report that was 4 time over legal limits.
Then he is all the sudden out of the country! No call, no text, no email.
Seeming no agent ants to help us now and he has "quit" us. Wondering if this is blackballing?
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Thu Apr 13, 2017
Maru Flores Bustamante asked:
And why some Banks Takeshi Long time when they ofered 210.000 based on income and Credit score about 675? I like to speed up The process is that posible? Thank you and by The way whe are…
0 votes 0 Answers Share Flag
Wed Jun 15, 2016
Mgardnercruse asked:
Tue May 5, 2015
Cindy Davis answered:
That's a big difference...Discuss this with your agent...and review the appraisal, if possible.
0 votes 4 answers Share Flag
Wed Jul 30, 2014
ldargie2014 asked:
Fri May 23, 2014
Derek Jones answered:
Like others have stated it does should like you would qualify for a loan. First thing I would do if I were you would be to contact a couple lenders and get preapproved. Once you get preapproved you should be provided with a good faith estimate that can give you a break down of your monthly payments. Once you are okay with monthly payment amount grab a realtor and start looking for houses within your price range. ... more
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Mon May 5, 2014
jennifer chou answered:
If you are first time home buyers then the first step in the home buying process is to go shopping for a home loan you. Once you find a Lender ,you would fill out an application and submit all the documents that the lender is requesting. They will contact you and let you know if you and your husband qualify for a home, in some cases if you do not qualify at the time you filled out the application to apply for a home loan the lender may give you advice on what you can do in order to get qualifield in the near future. Imortgage has a down payment assistance program for people who qualify. Please feel free to contact me any time if you ever have questions at 661-240-0161.

Thank you,

Jen Chou/Realtor
Tholco Real Estate Group
10014 Rosedale Hwy
Bakersfield,ca 93312
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Sun May 4, 2014
Randall Ortiz answered:
Contact a couple lenders or mortgage brokers and they can figure that out for you. They will need to run your credit and you will need to figure out what kind of loan you want to use, as that makes a big difference on the interest rate. ... more
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Fri Apr 4, 2014
Are you looking to purchase it. I would be more than happy to email you all of the info. Just send me an email if you have any further questions.

Alex Greer
Loan Officer
NMLS #1056079
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0 votes 1 answer Share Flag
Tue Apr 23, 2013
Lynette Vance answered:
I recommend that all buyers contact a professional lending institution to fully understand where they are at in qualifying for procuring their new property. There are wonderful programs out there for first time buyers and a professional can assist you in the right criteria for your needs. All the best. . . . ... more
0 votes 2 answers Share Flag
Fri Apr 19, 2013
Curly Sue answered:
Call a lender & ask........................................................................
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Sat Feb 2, 2013
Larry Harper answered:
This home is a Fannie Mae property and if I understand you correct, you have signed a counter offer that was posed by the seller? If this is the case, Fannie Mae will move forward with your offer UNLESS another offer was/is received before the seller replies to your signed counter offer. Very important to wark with an experienced agent with experience in negotiating with banks if you are considering purchasing bank owned homes. I would recommend calling your agent for an update. ... more
0 votes 3 answers Share Flag
Fri Feb 1, 2013
Larry Harper answered:
Yes, you may qualify for a loan as soon as today...a few minutes of your time will be well spent when you are ready to meet with a lender. If you are willing to meet with a local Porterville lender let me know and I will provide you with a couple names to consider. I am a local real estate broker in Porterville. You can contact me directly at 559-361-5595 ... more
0 votes 1 answer Share Flag
Thu Jan 31, 2013
Sheryl: any FHA loan requires mortgage insurance unless it is a 15 year fixed.
I usually do not like to correct people on the Trulia site, but that info needs to be clarified.
0 votes 3 answers Share Flag
Thu Jan 31, 2013
With FHA, the upfront mortgage insurance premium is currently 1.75% of the loan amount - or $2,100 on a $120,000 base loan amount.

If your loan term is 15-years or less, then there isn't going to be any annual mortgage insurance. However if the loan term is longer than 15-years, then because your loan-to-value would be 95% or less, then the annual mortgage insurance will be 1.20% per year, or on a $120,000 loan amount that would be $120/mo.

Shane Milne | Lending in all 50 states | NMLS #81195
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0 votes 2 answers Share Flag
Sat Dec 29, 2012
Annette Lawrence answered:
Your question is invalid.
All appraisers do not SOLEY rely on area sales
Appraisers have several valuation models that contain influencing elements which can be used based on:
1. Who requested the appraisal
2. Type of property
3. Availability of comparable sales (time limited)
4. Purpose of appraisal
5. Market conditions of that community
6. Replacement cost
7. Area sales (scheduled depreciation/appreciation)
8, Comparable Sales (remote)
9. Adjusted sales
Real Estate professionals use the same methods but also bring into the equation intangible 'quality of life' factors for which a potential buyer WILL pay.
The real estate professional who is relying on the appraised value to validate a sale is leaving the home seller in a very vulnerable situation. This can not be allowed. One should anticipate low appraisal values (the appraisals are rigged but not by the APPRAISER) and have counter measures in place to negate the predictable influence.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420. 4041
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0 votes 5 answers Share Flag
Fri Nov 16, 2012
Kevin Simpson answered:
Yes no PMI if doing 20% conventional but always need home insurance especially for times like when Sandy runs through
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Wed Oct 31, 2012
Walter 'Skip' Kersten answered:
BK or no BK, in most cases you will need to pay mortgage insurance unless you can put 20% down.
Good luck,
0 votes 2 answers Share Flag
Fri Jan 6, 2012
John Arendsen answered:
California's a pretty big State with many independent utility companies having jurisdiction of many Counties. A real estate forum probably isn't the greatest venue to find out this type of info but here's a little info for you. Hope it helps.

Try some of these links:

City of Palo Alto Website - Utility Rate Increases
Based on the expected cost increases facing the water utility ... increases for gas and electricity ... increase? Under California law, the utility’s ...
City of Roseville, California - Environmental Utilities Rates
2011 and 2012 Rate Adjustment Proposal (water, ... The Roseville City Council approved the water utility rate increases ... much of the water utility costs are ...
City of Sunnyvale: Utility Billing
The Sunnyvale City Council approved increases to utility rates ... FY 2011/2012 Utility Rate Notice ; FY 2011/2012 Notice for ... and the cost of water-related ...
Toronto Hydro-Electric System Limited Implements Oracle Utilities ...
Jan 03, 2012 · ... CA, Jan 03, 2012 ... one of the largest municipal electric distribution utilities in Canada ... Tech M&A Spending Increases 17% in 2011 as ...
Southern California Edison: 2012 General Rate Case
... with a commitment to environmental enhancement and a healthy California economy. We regulate utility services, ... and water industries. Skip to ... increase in its 2012 revenue ...
San Diego Gas & Electric: 2012 General Rate Case
... with a commitment to environmental enhancement and a healthy California economy. We regulate utility ... Electric: 2012 General Rate Case ... increases: $277 million (7%) in 2012 ...
PG&E Gas and Electric Rates to Change Modestly at Start of 2012 ...
PG&E Gas and Electric Rates to Change Modestly at Start of 2012. Utility Holds Costs ... electric rates will increase 2.9 ... and Central California. ...
Utility Commission Approves Water and Sewer Rate Increase October ...
Despite the increase, Utilities Director David Saunders noted ... As usage increases, so does the cost of water. ... the commission approved for fiscal year 2011-2012. ...
California Public Utilities Commission Public Utilities Code ...
limit utility cost and rate increases, ... electric utilities in California ... 2011 SB 695 Report –CPUC Actions to Limit Utility Costs │ Page 32 . to solar water ... · PDF file
... more
0 votes 2 answers Share Flag
Tue Apr 19, 2011
In order to start working on rebuilding your credit in anticipation of buying a home in the future, it would be helpful if you know the whole story. I have written several articles about the subject. I would start with this one:

Hope this helps!
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