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92122 : Real Estate Advice

  • All34
  • Local Info2
  • Home Buying13
  • Home Selling2
  • Market Conditions1

Activity 28
Fri Oct 20, 2017
Joeg891 asked:
Mon Mar 28, 2016
Alisa Chavarria asked:
I responded to an advertisement on the Trulia site for this property: 6077 Carnegie St, San Diego, CA located in University City. I received a return email from the supposed owner Larry…
0 votes 0 Answers Share Flag
Mon Dec 14, 2015
Sally Grenier answered:
Good info from Dan. Many times scammers will use photos from for sale listings and then try to pass it off as a rental. You can also search the county records website and get the owner's name that way. However...the scammers have caught onto this, and now create email addresses based on the owners' name...making you think you're dealing with the owner. Make sure you see the property in person. Make sure the owner has ID and can show you proof that he/she is the owner of the property. Never EVER send money out of state or out of the country. And never sign a lease or send money without actually seeing the property and meeting the owner or property manager IN PERSON. ... more
1 vote 2 answers Share Flag
Sun Jun 14, 2015
John Reeves - YOUR HOME SOLD GUARANTEED answered:
0 votes 3 answers Share Flag
Tue Jan 28, 2014
Shel-lee Davis answered:
If you are planning to purchase properties that have already gone through the foreclosure process and are now owned by the bank then you can either finance these or pay cash.

On the other hand, if you are looking to purchase properties at the foreclosure auction / trustee's sale, then you must pay cash for these properties at the time of sale. Purchasing properties at the Trustee's Sale is usually not the best way to acquire a personal residence. You are not able to "preview" the property before the auction and unless you have a team of experts working with you, you could very well end up buying a property that is NOT free and clear of liens, like the properties you purchase through a Realtor.

If you want more information about buying at auction vs. buying a bank owned property, please feel comfortable reaching out to me directly.

Shel-lee Davis BRE #01817412 Real Estate Consultant International Real Estate Specialist - IRES® Senior Real Estate Specialist - SRES® Certified Home Seller Advisor - CHSA® Certified Home Buyer Advisor - CHBA® Member - National Association of Certified Expert Advisors - NAEA Certified Distressed Property Expert - CDPE® RE/MAX Estate Properties 424-2HELP12 (424-243-5712)
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0 votes 4 answers Share Flag
Sat Jan 25, 2014
Ara Melkonians answered:
The true answer here is MAYBE. More questions need answering before a definitive answer. FHA has 97% financing. Are you thinking you want to combine and get to 100%? NO NEED if so, VA has 100% financing with low fees. I'm retired Law Enforcement and can help with both GOVMT and conventional lending.

Thanks :-)
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0 votes 5 answers Share Flag
Sat Jan 25, 2014
Ara Melkonians answered:
Hi there, yes you may amend an escrow document with new borrowers and remove old borrowers at will. The question will be whether you proceed conventional or FHA. FHA has a policy which allows them to look at BOTH borrowers when married, regardless of who is on the 1003 Application. Conventional loans do not mandate this.

Many other factors.

Please call 619-517-6060
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0 votes 14 answers Share Flag
Mon May 20, 2013
Mike Hinmon answered:
There's a subtle nuance between waiving your termite contingency and not having the termite inspection incorporated into the purchase contract. Waiving your termite contingency eliminates your ability to cancel the purchase contract if termite infestation/wood damage (Section 1 items) is detected during your due diligence period. This approach does not allow you to cancel the contract, even if you identify Section 1 items. However, by simply not incorporating termite into the contract, you still reserve your right to cancel based on results of a termite inspection, but your lender will not require a termite clearance to fund your loan (VA loans are the exception here). So, you're showing the Seller that your ability to secure financing will not be impaired by results of a termite report while still allowing yourself the opportunity to cancel escrow if a report identifies excessive material defects.
What did your termite report reveal?
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0 votes 17 answers Share Flag
Tue Nov 20, 2012
Hector Gastelum answered:

Short sales can be so tricky, my philosophy is that we have an agreement once it funds and records =)

Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
efax 619-270-2516
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0 votes 6 answers Share Flag
Mon Nov 19, 2012
Royce Kemp answered:
It's 2012 and 1-2 Bredroom units in UTC are still widely avaiable. As an investor myself I have two condos in the UTC area in my real estate portfolio and I highly recommend this part of town for investors. The rental market is strong so even if you purchases a unit without a tenant already in place it would be very easy to locate a new tenant.

Royce Kemp
Premiere Properties
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2 votes 9 answers Share Flag
Thu Aug 9, 2012
Cindy Davis answered:
I agree with the below response. Construction defect lawsuits are incredibly common, particularly with condo conversions - which are prevalent in UTC.

Generally, you can get financing, but need 20% down or more in order to make it work.

The most likely outcome of a lawsuit will be either an increase in HOA fees or an assessment, I've recently looked for condos in UTC and I know the choices are skimpy. If your client is limited financially, then this is a scary outcome.

If your clients able to buy the home comfortably and have enough down payment and cash reserves for contingencies, it might make sense to move forward.
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0 votes 2 answers Share Flag
Mon Jul 16, 2012

As already mentioned, there is really no way to provide an estimate by square footage without knowing the specifics of the project. Everything from windows and doors to siding are going to impact the costs.
The amount of work required to pour the foundation could be very simple, or need major excavating.

I agree with getting several bids; however, the lowest bid is by no means the sole criteria for hiring a contractor. How are you financing your intended project? Have you thought about using an FHA 203K loan? Without a doubt, it is the least expensive way to finance construction costs. I would be happy to clarify the product and process for you, if you have any interest. Best of luck to you!
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0 votes 6 answers Share Flag
Fri Apr 6, 2012
John Arendsen answered:
I have a one acre estate in a great school district that would fit your buying criteria that I would love to share with you.
0 votes 18 answers Share Flag
Mon Jan 30, 2012
Ara Melkonians answered:
Wed Nov 9, 2011
Maureen Byers answered:
0 votes 3 answers Share Flag
Mon Oct 11, 2010
Vincent Villafranca,REALTOR answered:
Its is most likely too late since you need a couple of days for it to show up on Occasionally when put my listing up for an open house I normally do it a week in advance. Good luck on the open house. ... more
0 votes 4 answers Share Flag
Sat Oct 9, 2010
Jeanne Silver answered:
The average may be around 1000 sq.ft. but it depends on the amount of bedrooms. My listing at 4355 Nob el Drive, # 73, is way above average, especially price per sq.ft. It is 1881 sq.ft. and the price is only
$450 - 469000, an incredible deal for a beautiful townhome. It is very upgraded, has a 2 car attached garage and all the bells and whistles!! AN AMAZING DEAL, especially when you look at the comps!
Call me if intrigued at 619-301-8843
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0 votes 3 answers Share Flag
Tue Jun 8, 2010
Lisa J. Straza CRS answered:
The market is very good in this area. Especially Condo's! More information needed email and info will be sent to you.
0 votes 7 answers Share Flag
Thu May 13, 2010
Jenny C answered:
Hi David,

Thank you for using Trulia Voices! At this time, we do not have the option to download your saved properties. We are continually working on improvements and I encourage you to continue notifying us of ways we may improve our services to better meet your needs.

Feel free to send us any further insights or inquires.


Jenny of Trulia
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