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Home Buying in Rowland Heights : Real Estate Advice

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  • Local Info3
  • Home Buying5
  • Home Selling1
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Activity 5
Thu Jan 26, 2017
Sheryl Arndt answered:
Hello Paul, that is a great decision as you may qualify to buy with minimal out of pocket expenses and pay less than rent in many cities. I am not sure about Rowland Heights but how much are you paying for rent and what is the maximum payment your looking to achieve?

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

Do you have an agent? If you decide you want to buy 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. You will need to gather some documentation for each applicant. You can buy with less than first, last and security of a rental deposit.

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.

The purchase in Rowland Heights start from 268k for 2bd 1ba condo and the single family homes start from 379k for 3bd 2ba home.

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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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Fri Jul 6, 2012
Aaron Zapata answered:
The is an unincorporated part of LA County. You can check the county records office for building permits. Typically when homeowner makes an extension modification to a home, they have to file for permits. If the city finds unpermitted changes, they can ask a homeowner to restore a home to its original permitted state or file for permits for the additions or modifications (with penalty fees of course).

Rowland Heights does not have any city required inspections during the buying process.

You should check with the county and get all the permits. Many buyers will purchase homes with modifications even if they are not permitted, but it's up to the buyers to decide if they are comfortable with doing so.

Good luck!
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Fri Dec 5, 2008
Jonathan Chi answered:
Hi Chai,

Where did you see the information? Do you have the actual address of the property?

Regards,
Jonathan
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Sat Nov 8, 2008
Jack asked:
i have 2 million cash want to buy bank bold sale 40% below bpo price. how can i get more info and how can i get in touch with banks
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Wed Aug 27, 2008
Keith Sorem answered:
Robert
There are times when purchasing a home make sense. We have a saying in real estate "now is a great time if you need to buy or sell". The reason is that NOW is the ONLY market. So if you need to buy or sell, then a competent Realtor can help you do that.

In most cases people are not buying or selling to make money. They are buying or selling because they have to accomplish or more important goal, so by helping someone accomplish their goal has value.

Why would anybody sell in a buyer's market? Because they need to. Death, divorce, new baby, new job--life goes on. Particularly if you are renting, buying almost always makes financial sense. I was talking with a buyer yesterday and her need was for control. No landlord to make her life miserable. Her need was also security. She has fears of never owning anything free and clear, but always having to pay rent. What about when I retire.

The most important aspect of buying a home is the plain truth that we do not know when the market will turn around. I monitor six local areas. In Burbank I have seen inventories drop to half what they were a year ago and prices are beginning to go back UP. This will never make the news in LA because so much of LA is still going down, but for people buying and selling in Burbank, it is a big deal. Guess how many people are aware of this price and inventory trend? Very few.

Los Angeles is s big town. I hope that you are working with a Realtor that can keep you posted on local real estate trends in the area where you want to buy. Timing the market is very difficult because no one knows the future.

Good luck
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