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Ridgecrest : Real Estate Advice

  • All40
  • Local Info4
  • Home Buying13
  • Home Selling1
  • Market Conditions4

Activity 26
Wed Jun 28, 2017
Megan Stuebner asked:
I had nowhere to go and have been homeless with 3 kids ainxe then. Why am i being turned down because of my credit when my rental history is so good??
0 votes 0 Answers Share Flag
Fri Sep 23, 2016
Desert Oasis Community asked:
i need to remove the income restriction off my listings.
0 votes 0 Answers Share Flag
Thu May 19, 2016
Sheryl Arndt answered:
Hello cnoh, if you have an agent the agent will run comparables to any properties of your interest to come up with a fair market value to submit an offer. Banks will not lend more than a home is worth so ultimately the market value will be determined by a local appraisal on the property.

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.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

The purchase in Hemet start from 69k for 2bd 2ba condo with that approximate payment. You may qualify to buy with minimum out of pocket expenses with the 3%-5% Sapphire Grant down payment assistance program.

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. Your fico 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 consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
... more
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Thu Jun 5, 2014
Larry Riendeau answered:
As the military and it's contractors are the towns principal source of employment and income, the market fluctuates with how hawkish the Executive Branch is. For example, the market was up when Bush was president and has cooled with Obama. It's fairly stable right now, with some improvement. I've been told the expectation is for improvement to continue, but slowly. ... more
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Thu Jun 5, 2014
Larry Riendeau answered:
The Almanac shows us having an average in the 70's. Like most deserts, the landscape does not hold the heat so night and day temperatures can fluctuate a lot. In the Winter daytime temps in the 50's and 60's are not unusual, but can dip as low as the teens and 20's in the pre-dawn hours. On the flip-side summer days are typically around 100, but can be as high as the 120's. Night time in the summer is usually in the 70's, but can be more sultry when the humidity is high.

We do get a bit of wind. Afternoons are usually breezy. Wind farms and turbines are a popular, rural way to offset utility bills. Once in a while we get wind storms that are very strong, and depending on the direction, they can become dust storms. The really big ones are rare, but the breezy afternoons sometimes get in the way of recreation.

Due to being in the "rain shadow" of the Sierra Nevada mountains, we rarely get rain. Our aquifer is replenished mainly by underground flow from the North (Owens River and such) and West (rain and snow percolating off the mountains and down canyons). A few times a year we get a good rain storm, and every few years or so we'll get a torrent that causes localized flooding. Most housing tracks have been developed to accommodate this, but some older houses and businesses get affected. When conditions are just right, we'll get a dusting of snow in the winter, and even some accumulation every five years or so. It's pretty rare though.
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Fri Jan 10, 2014
Anna M Brocco answered:
Mon Oct 21, 2013
Sally Lawrence answered:
Laurie,

I strongly suggest that your REALTOR® contact the CAR Finance Helpline. It's one of the many member benefits available to REALTORS® that someone who is just a licensed real estate agent doesn't have available.

As an experienced short sale REALTOR® I have successfully negotiated and closed numerous transactions. However, there are some, where it seems no matter what I do, I can't make any forward progress.

There have been three of these "hopeless" transactions where the Finance Helpline has been able to help me get the short sale approval and get the transaction closed.

If your REALTOR® needs help getting in contact with them feel free to have her call me at 661-375-7325.
... more
0 votes 5 answers Share Flag
Mon May 13, 2013
Ma answered:
Violent crime is relatively low in Ridgecest. I've live here for over 40 years and I can only recall several homicides. The homicides were usually drug or domestic related.

About the only time you are going to have problems with crime is when you are probably involved with drugs.

There are areas I would stay away from, as by Ridgecrest standards, they are high crime areas. For most other communities though these areas would hardly be considered a high crime area.

Disclosure: I am not a realtor nor am I involved with any form of real estate business. I am a long time resident that loves our little town.
... more
1 vote 4 answers Share Flag
Sun Nov 18, 2012
Robert Chomentowski answered:
You may be able to do this if we can establish 12 mos on time payments on some alternative accounts like rent, insurance, cell phone, utilities.
0 votes 2 answers Share Flag
Wed Jul 25, 2012
Emma Tempero asked:
Wed Jul 25, 2012
Trevor Curran answered:
Good morning Jimmy67,

How do you Buy a Home if you have no FICO Score?

A lack of FICO score probably means you either have no credit history at all, or a very limited credit history (your credit accounts are less than six months old).

While loan programs such as the FHA allows for you to provide a Lender with an "alternate" credit profile---reference letters from utilities, cellphone providers, furniture stores and such---the reality of today's market is that Lenders want a credit score and a credit history containing at least 2 accounts open and active for twelve months or longer.

In short, you'll need to build a credit profile and obtain a credit score so you can buy a home in the future.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://consumer-action.org/

You can also find great information about building a credit history and obtaining a credit score at http://www.MyFICO.com

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.


Trevor Curran
NMLS #40140
... more
0 votes 3 answers Share Flag
Sun Jan 8, 2012
John Arendsen answered:
Your most important consideration in investing in a factory built home is the year it was built. If it was built before June 15, 1976 it's a pre HUD "Mobilehome", after it's a "Manufactured Home" (HUD compliant). Big difference when it comes to resale value and lack of financing if an issue.

Another concern with pre HUD homes are caustic and carcinogenic chemicals in the flooring and countertops, etc and asbestos in insulation. Make sure you have the home thoroughly inspected by and experienced manufactured home inspector and not just any home inspector.

Make sure the home is level and the pier supports and pads are in good condition. You also need to see it the home has a state approved Housing and community development (HCD) Earthquake Resistant Bracing System (ERBS). If not you will definitely need to have them installed as Ridgecrest is in a zone 4 seismic area.

Just a few things to consider.
... more
0 votes 2 answers Share Flag
Sat Aug 13, 2011
Carole Vaughn answered:
The previous answer is close. Are you thinking of remodeling to sell or are you going to stay in the home for some time? Sometimes the reason for remodel in not all about the return on investment. If your are planning on being in the home for some time it might be worth it to youl You should compare the cost to remoled and expected results with the option of selling it and buying a new home that is already updated both structually and cosmetically. Our market it not strong so you should discuss the pro's and con's with an agent who knows the market well. Normally a remodel does not make the home "new" so that is your competition if you are planning to sell. Please give us a call if you wish to discuss are market in more depth. ... more
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Tue Dec 7, 2010
Crt2338 answered:
Findpropertyowner.com is a website that will find property ownership information for any parcel of land in the United States.
0 votes 4 answers Share Flag
Thu Nov 18, 2010
Joannelee53 answered:
Lots to think about here....you might want to research all the variables with a local Real Estate Agent. What would your 1300 sf home would bring in today's market. Forget the appraisal unless it is in line with what homes are selling for today's market. A CMA will determine what you could possibly get: both Buying and Selling. Your Real Estate Professional can help you determine this. Do you require money from the sale of your current home to purchase your future home of 2000 sf.? A viist to a reputable Lender is the BEST place to start. It's essential to know what loan amount your family qualifies for. See what the possibilities are on financing the new home. There are loans that are income sensitive and consider family size as well. A lender can inform you of the best loan for your situation. There are some home loans in rural areas with zero down with a acceptable FICO AND INCOME verifiction. Do you know your FICO score? Its a great time to buy if you can line up all your ducks in a row, interest rates are at a 30 yr low. Lower Interest + lesser mo pmt or more buying power. An FHA 203K rehab loan might enable you to find a more desireable home in your price range. Is living 10-20 minutes out of town is something you could live with? With a good Agent a good Lender you'll know approximately where you stand right away. Feel free to contact me, if you desire to move forward or gain knowledge of how to proceed. Hope this helps.
Sincerely, Jo Anne Lee, Realtor and Office Manager for High Desert Real Estate & Funding, Ridgecrest, CA
... more
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Thu Jul 15, 2010
John Juarez answered:
Tue May 25, 2010
Indy.bound answered:
Hi Matt, I'm not sure if you are still in the market for land to possibly build a home on or not since this post is old. My husband and I have 2.5 acres for sale by owner in Ridgecrest. City water and Power at the property. I have also done all of the research as far as fee's if you are interested. We are only asking $60,000 or by all means make an offer. If interested, you may contact me at 760-495-2929 ... more
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Sat Feb 20, 2010
Harold Sharpe answered:
Hi Shannon,
you would be wise to contact a lender
like chase, b of a, wells, or quicken loans
online you can go to
http://www.socalhomesrealestate.com/qualifyforasoutherncaliforniahome.html
and it has links to go online to those banks.
So Cal Homes Realty is not a lender.
just providing links is all.
and go from there.

Harold Sharpe
So Cal Homes Realty
(951) 821-8211
CA DRE License 01312992
Broker,
REALTOR®,
Graduate REALTOR® Institute,
Real Estate Masters,
Certified Distressed Property Expert,
Green,
e-Pro,
harold@socalhomesrealestate.com
http://www.socalhomesrealestate.com
http://www.facebook.com/profile.php?id=100000807660841
... more
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