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Home Buying in Sacramento : Real Estate Advice

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  • Home Buying691
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Activity 756
Wed Sep 13, 2017
Jdediego answered:
Your best bet is to work with a real estate agent who can lead you through the process. If you would like, I am part of a real estate company that can set you up with a top agent in the area you are looking, there is no cost for our service. Go to my website http://www.ParkPlaceConnects.com/jdediego for more details. Let me know if you have any questions. ... more
0 votes 4 answers Share Flag
Sun Sep 10, 2017
Kathy Burgreen answered:
Owners of mobile home parks will not sell the land underneath your mobile home because they need the monthly rent income. If you own the land, the park owner cannot collect the space rent and to them, that is their monthly income. I doubt there are any mobile parks where you can buy the land underneath.

There are realtors who sell manufactured homes. You should go to www.mhvillage.com (manufactured homes village dot com). This website is only for mobile and manufactured homes - both in parks and not in parks.
... more
0 votes 1 answer Share Flag
Wed Aug 30, 2017
Gail Mercedes Cole answered:
Hello

I am confused is the loan amount and payment same as in purchase agreement (escrow)? If the same is this the amount you have pre-approval for? Based on original loan amount and pre approved amount have you now decided out of your budget? Or has loan amount and payment amounts changed? If so do you even qualify for new amounts? Has your loan contingency been removed? I would get in contact with your real estate agent. They have the escrow instructions. Honestly, discuss why monthly payments out of your budget. Agent and their broker can inform you if earnest deposit at risk.

Gail Mercedes Cole
... more
0 votes 2 answers Share Flag
Mon Jul 10, 2017
Redd Foreman asked:
So my wife has a judgement of near $10,000. I'm planning to purchase a home for us but she would not be on the deed, title, mortgage etc. I live in a community property state of California.…
0 votes 0 Answers Share Flag
Wed Jul 5, 2017
answered:
Hello Lio, you would need to get pre-approved first to know what your purchase power is and how much your maximum payment you are looking to achieve will buy.

Do you have down payment and closing costs saved or do you need down payment and closing cost assistance programs? Do you know your fico scores and if you have any credit issues that are reporting incorrectly?

Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 3 answers Share Flag
Sun Jul 2, 2017
Rich Reed answered:
Hi, Julie, your purchase agreement may include terms of "CLOSING AND POSSESSION." Under these terms, the parties agree to such items as to whether the property will be delivered vacant or not and if the buyer will be provided with keys.
Ask your Realtor to review the purchase agreement with you; consult with an attorney if you need legal advice.
Hope this helps!
... more
0 votes 1 answer Share Flag
Wed Jun 28, 2017
Arpad Racz answered:
Hi Cheri,
The lender may need to communicate with the agent for several reasons. Some May be: a copy of the contract, a copy of the preliminary title report, the contact information for the title/escrow company, access to the property for an appraiser, to coordinate signoff, when addendum or other changes are made, and other issues on a case by case basis.

Kind regards,
Arpad
... more
0 votes 19 answers Share Flag
Wed Jun 21, 2017
answered:
I am wanting to know, There is a home that I love that is going at a online auction. Next month I would have to get a hard money loan. What are the guidelines for applying for this type of loan how longs does it take to get approved.


Thank you,
Alicia
... more
0 votes 8 answers Share Flag
Wed Jun 7, 2017
Derek Jones answered:
Sounds like you haven't bought this house yet? So ask yourself, is it deterring you from wanting to purchase it? Depending on the neighborhood those can be a common occurance so anyone looking to live in those areas "shouldn't" have a problem with them but I'm sure there are some people who would prefer not to have that easement on their property. ... more
0 votes 1 answer Share Flag
Sun May 28, 2017
Sally Grenier answered:
I like to have my clients get an inspection about 10 or 11 months after you move in. This way, if anything comes up, you'll still be under warranty and can go back to the builder with a list of items they need to correct. For the walk through, that really the time for inspection issues. It's usually an opportunity to "blue tape" things that they can fix easily (cosmetic issues usually). ... more
0 votes 4 answers Share Flag
Mon May 22, 2017
Derek Jones answered:
Become familiar with county zoning regulations. Feel free to read up on the matter here:

http://www.per.saccounty.net/LandUseRegulationDocuments/Pages/Sacramento%20County%20Zoning%20Code.aspx ... more
0 votes 1 answer Share Flag
Mon May 15, 2017
answered:
Hello Terryr, These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/

Theses links should have the answers to any questions you may have on schools:
http://www.greatschools.org/
http://Www.schoolfinder.ca.gov
http://Www.education.com
http://Www.schooldistrictfinder.com
http://Www.schooldigger.com
http://www.sarconline.org/

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
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Mon May 15, 2017
Floridalvr287 answered:
This is a very old question. Can you provide any updates? Where is a good area for buying a rental home that will at least pay for itself? Prices have gone up so much in the last 2 years. ... more
0 votes 5 answers Share Flag
Fri May 12, 2017
Randahlj answered:
Are real estate taxes based on purchase price or assessed value?
0 votes 9 answers Share Flag
Sun May 7, 2017
answered:
Hello Jonathansumrall40, do you have 10-15% down for a non refundable deposit and fees? These types of transactions can be costly, risky and never close so you have to beware. Why are you inquiring on rent to own if you may qualify to buy to own?

Do you have a BK, short sale, foreclosure or deed in lieu in your recent past or have low fico scores? Do you know what your credit profile looks like? How much do you want to invest towards your down payment and closing costs? How much are you paying in rent and what is the maximum payment you are looking to achieve?

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.

You will need to gather some documentation such as paystubs, bank statements, last two years tax returns, copies of drivers license and social security cards for each applicant.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

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.

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
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Sat Apr 29, 2017
Gqnit6969 answered:
I lived in this neighborhood for fifteen years , it is gang riddled , if your looking for a place to raise kids this is not it. Poverty , and feelings of hopelessness are what this neighborhood breeds , violence , drugs,prostitution and police activity are what you'll see daily . The ones who commit these acts are very open about it there is no shame, they are proud of their accomplishments in the outlaw world. ... more
0 votes 8 answers Share Flag
Wed Apr 26, 2017
answered:
Sounds like FHA or VA will be your best bet. I would love to help but I only lend in Florida.
0 votes 23 answers Share Flag
Mon Apr 24, 2017
Barryscott752 answered:
What is the cost for a 1638 square foot manufacturer home
0 votes 12 answers Share Flag
Wed Apr 12, 2017
Derek Jones answered:
Are you looking to make it a rental or second home?
0 votes 2 answers Share Flag
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