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Rialto : Real Estate Advice

  • All74
  • Local Info4
  • Home Buying34
  • Home Selling1
  • Market Conditions4

Activity 79
Sun Jan 22, 2017
Dr.bernal.72 answered:
West Jackson St, West Shamrock st. Winchester st. Surrounding streets of Eisenhower High school.
0 votes 10 answers Share Flag
Mon Aug 29, 2016
John Burke answered:
Hi Vbell47,

Unfortunately there are a lot of out dated misconceptions about VA financing that agents continue to perpetuate with sellers.

1) There are fees that the Veteran cannot pay so the seller or lender must: What's funny about this is, these are not additional fees that wouldn't exist on an FHA or conventional loan so if your closing costs are $5,000 for an FHA loan they'll be $5,000 for a VA loan. In most transactions the buyer will ask the seller to pay the buyer's closing costs so if the closing costs are $5,000 it will include all of the fees that the Veteran is not allowed to pay so the seller would "net" the same amount of money from the sale if they accepted an FHA offer for the same amount with the same amount of seller concessions.

2) VA appraisal requirements are too restrictive. This is also out dated. FHA & VA have pretty similar appraisal requirements.

3) VA loans take longer to close. This is not always true & most of the time the time that it takes to close a loan is more a function of the lender than it is the type of loan you're applying for.

There are a few things you can do to increase your chances of getting your offer accepted.

1) Get cross pre-approved for a conventional loan & when you make an offer do it as if you're getting a conventional loan. Once you're under contract switch over to VA.

2) Another thing I do for my Veteran clients in hot markets like CA & FL is to get them approved through underwriting up front so we can close faster once they're under contract.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
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0 votes 5 answers Share Flag
Mon Apr 18, 2016
MCM_STL answered:
No. Percentages factor in too. The lender is concerned with its risk when deciding whether to issue a home loan. This situation changes the percentage of the home's value the lender is issuing even if the dollar amount of the loan doesn't change.

The original loan application had the buyer putting 10% down and the lender issuing a loan for 90% of the home's value.

At the $290K value, the loan of $270K is now about 93% of the home's value so the buyer is really only putting about 7% down with the remaining $10,000 making up the shortfall between the appraisal and sales price.
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0 votes 1 answer Share Flag
Wed Dec 9, 2015
Jinabelys_01 answered:
Thank you so much everybody, you just answered the same question I was concerned about.
God bless all of you!!
0 votes 34 answers Share Flag
Mon Aug 17, 2015
Shalyngeorge asked:
Mon Aug 10, 2015
answered:
That truly sucks. As far as I know you are entitled to the difference of what it sold for minus what was owed and legal fees and real estate fees. At least that is what they told me in real estate school studying for my license. But that was 25 years ago it could have changed or it could be wrong.

I am not sure where you go to collect the difference. I would call the lender maybe contact a lawyer.
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0 votes 2 answers Share Flag
Tue Jun 30, 2015
Diane Christner answered:
Whether he can stay until the end of the lease may depend on state law. Some states have statutes spelling out how much notice to vacate is required to be given by the banks to tenants, others do not.

If I were him, I would contact the attorney handling the foreclosure for the bank and let them know that he is a current tenant in the property. Then I would start making plans to move as the bank will most likely give him a notice to vacate after they foreclose as the bank will be wanting to put the property on the market to sell.
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0 votes 3 answers Share Flag
Tue Feb 17, 2015
answered:
I really would not like to see more than a couple of days on that. Sometimes they take a while in order to try to get a higher offer, worse yet many realtors do not want to present your offer because they want to try to double end it. (Highly unethical.)

As a realtor either way I do not let them get away with it. I call them up and tell them we are waiting on their response and want to make on offer on something else. That way they get the feeling they are going to lose the deal if they drag their feet.
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0 votes 5 answers Share Flag
Tue Feb 17, 2015
answered:
Fire her right now she is afraid of work. When I get a preapproved buyer, I preview all the homes in the area that meet their needs and then bring them to the best ones. If none of them work I send out mailers to the ones that are not listed.

Sorry I do not work in Rialto
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0 votes 7 answers Share Flag
Wed Oct 8, 2014
Large Peter answered:
Getting a job can help you dead beat. You're welcome by the way for me paying so you can live off my tax money.
0 votes 1 answer Share Flag
Fri Sep 19, 2014
Sandra Cordasco answered:
None at that price in Rialto at this time, however I know of several very close to Rialto in your price range. Depending on what your home criteria is bedrooms, sq ft ect.. I would be glad to show you whats available.

Contact me:
Sandra Cordasco
sandra.cordasco@evergreenrealty.net
909-844-6132
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0 votes 2 answers Share Flag
Tue Aug 26, 2014
Cindy Davis answered:
I don't know that a Realtor is the right professional to answer this question. It sounds like you need a business consultant or accountant.
0 votes 1 answer Share Flag
Wed May 7, 2014
cherylderrick answered:
The property is in an association, off the main roads.
I have never had a problem.
0 votes 1 answer Share Flag
Tue Mar 18, 2014
Spencer Gray answered:
You may be able to zoom in with Google and verify the address. It may be off by a home or two.
0 votes 4 answers Share Flag
Thu Mar 13, 2014
RK Williams, REALTOR answered:
No I do not. However, I do have a house listed on Sunrise Dr, Rialto, Ca 92377
0 votes 4 answers Share Flag
Thu Mar 13, 2014
Gary and Karina Youngman answered:
Wow - I think I can provide some insight here...

You want info on this topic...
Call - Gary 561.306.7653
0 votes 2 answers Share Flag
Fri Nov 8, 2013
Terry McCarley answered:
Do you have a lease? Also, as Sheryl Arndt said, you have rights as a tenant. Best wishes to you - I hate it when I hear of things like this happening to people!
1 vote 2 answers Share Flag
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