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94114 : Real Estate Advice

  • All50
  • Local Info2
  • Home Buying20
  • Home Selling2
  • Market Conditions3

Activity 39
Mon Oct 30, 2017
Claymanb answered:
My elderly mum was also in this position & was asked to provide proof in the form of bank statements by the seller's Estate Agent. I felt this was unnecessary & a breach of her right to privacy. When I took it up with the Estate Agent they claimed it is standard practice although I have never heard of this before. They also said it was to avoid money laundering. I was dissatisfied with this response & felt her Solicitor should have this role & NOT the vendors Estate Agent. ... more
0 votes 63 answers Share Flag
Wed Aug 30, 2017
Zeo Niu answered:
It depends on the condition of the house and location since the garage has to meet the setback guidelines/building codes. Can you give more specific details?

Zeo Niu | Realtor | Lic. # 01998250
Better Homes & Gardens | Buyer's specialist & Residential/Commercial real estate
C (415) 644-8078 Email |
Team JDJ Testimonies:
... more
0 votes 1 answer Share Flag
Thu May 4, 2017
Charlesd415 asked:
In general I am a big fan of your site, but I am wondering why your listings consistently have property tax calculations that are not accurate (always lower than actual property tax rates).…
0 votes 0 Answers Share Flag
Thu Mar 2, 2017
Keli Landowski asked:
Hi all,

I bought my condo in 2014 and was credited 3,000 by the seller to cover the costs of an eventual roof replacement. In 2016, when it came time to replace the roof, the seller told…
0 votes 0 Answers Share Flag
Mon Jan 30, 2017
Hello Catliberta, you may be able to negotiate closing the sale of your home concurrently with the purchase of the new foreclosure purchase. The market is low of inventory of homes for sale so they sell quite fast where these types of negotiations are possible today.

Do you have your home listed? Do you know the value and have an idea of where you want to buy now? A CMA, comparative market analysis can be done on your home for an idea of a market value to start with. Are you looking to buy in 94114 zip code of San Francisco?

The purchase in 94114 start from 799k for 1bd 1ba 808sf condo, $1,099,000 for 2bd 1ba 1,044sf condo, $1,350,000 for 3bd 2ba 1,402sf top floor unit and the single family homes start from 1.5m for 2bd 1ba 1,100sf home.

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.

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 may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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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0 votes 1 answer Share Flag
Tue Jan 17, 2017
Maricris A answered:

Please note that you can advertise on Trulia for free!

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0 votes 1 answer Share Flag
Fri Jul 1, 2016
Dorene Slavitz answered:
We do not have the full picture about what transpired to give a good answer. Yes as Realtors we are here to assist you in Real Estate Sale and Purchase negotiations. By the " 11th hour" suggests to me the house was already in Escrow and about to close escrow. Most of our work is done by that time, so perhaps that is the reason your agent declined to do more. As I stated though, we really don't know all the details of the transaction. ... more
0 votes 5 answers Share Flag
Sat Nov 28, 2015
Arpad Racz answered:
Scott has it correct below.

Kind regards,

0 votes 2 answers Share Flag
Thu Nov 19, 2015
Karen and Paul Catania answered:
Tue May 26, 2015
Robert Krop answered:
You can try:

I recommend calling an agent specialized in short sales however to discuss your options.
0 votes 8 answers Share Flag
Tue Mar 24, 2015
Nadzam.scott asked:
I'm trying to enter the contest and struggling... Did I already enter somehow? I just finished making my board....
0 votes 0 Answers Share Flag
Tue Feb 24, 2015
Ryan Rudnick answered:
1. Ask your real estate agent if they were aware, and maybe see if you can get in touch with the seller or HOA for more information.

2. This is a question for a real estate attorney, and the answer may vary from building to building.

3. I am happy to provide contact information for contractors that might be able to help you eliminate the smoke smell issue. That said, I'd definitely suggest speaking with the HOA before moving forward with any renovations.
... more
0 votes 6 answers Share Flag
Sun Feb 8, 2015
You may qualify for HARP streamline refi, if your loan belongs to FNMA or Freddie Mac. This type of refi goes by stated income and stated assets. But it is barely available to independent mortgage companies, either brokers or lenders. The only who can do it for you is your mortgage server - the institution whom you are making mortgage payments. Call them as soon as possible, if you haven't done so. Get ready for a slightly higher rate and of course at some cost. ... more
0 votes 8 answers Share Flag
Sun Feb 8, 2015
Ted Rood answered:
Yeah, not sure who's writing loans at 5.25%, but that's ridiculously high. Best execution rates for conforming loans are now in the mid 4's. Each borrower's rate is based on a number of factors, including loan purpose and programm, credit score, property type, and loan size. Want an exact quote? Glad to help, I write loans nationwide. Give me a call or shoot me an email! Thanks, Ted ... more
0 votes 12 answers Share Flag
Mon Sep 30, 2013
shiu227 answered:
l would not buy in SF because of the sewage gas coming out of the ground into the homes.
This is a problem for me. I guess most people don't have any issue with that since they
are not as sensitive in their nose as I. I would rent, use the money to buy apartments
in some other cheaper city to collect rent as income.

Home prices are also way to expensive now. There are no more bargains left. If you bought one
today, you might be losing money later on when the the housing bubble in China bursts wide open.
Chinese investors must sell their holdings in the USA so they will depress prices again. Also, US national debt is way too much so government will continue to raise taxes for the middle class again and again.
... more
0 votes 12 answers Share Flag
Mon Aug 19, 2013
Kevin Madorin answered:
Best training in the industry I think is Keller Williams Realty. We have a huge name, use the newest technologies, and set agents up for success. Plus, the profit sharing opportunities are endless. Check out Keller Williams for sure. Interview at other brokerages to compare their offerings. In the end, pick the company that is a good fit for you. ... more
0 votes 4 answers Share Flag
Thu Nov 1, 2012
Karen and Paul Catania answered:
Title companies do not accept personal checks or cash when funds are due. The money would have to be deposited anyways to be turned into a wire transfer or cashiers check so if you are planning to buy it's time for a deposit. When it comes to auctions and winning bidders, the actions set the rules and you need to follow them or you won't be playing in the game. ... more
0 votes 7 answers Share Flag
Fri Sep 7, 2012
Ivan Diaz answered:
Specific Guidelines apply when it comes to FHA or VA 3-4 unit properties. You are right... You need a Loan Officer with VA experience. The bonus here is....We have amazing rates!

- Cash reserves totaling at least 6 months mortgage payments and

- Documentation of the applicants prior experience managing rental units or other background involving both property maintenance and

- Rental income to include the effective income based on 75% of:

o Verified prior rent collected on the units (existing property), or

o The appraiser’s opinion of the property’s fair monthly rental

Hope this helps! Feel to reach out to me if you have further questions.

Ivan Diaz
Home Mortgage Consultant
(415) 271-7740 direct/cell
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1 vote 3 answers Share Flag
Tue Aug 21, 2012
Bill Sockolov answered:
Hi Cheyenne,

The first step in purchasing a home is to get "pre-qualified" by a Loan Consultant. This process helps determine a few things:

1. How much the Lender will loan you based on your income, debt, credit profile, cash-to-close, reserves in the bank, etc.

2. The maximum price you should pay for a home based on how much you're comfortable spending each month on housing. Housing costs include the mortgage (principal, interest and possibly mortgage insurance monthly payments), hazard insurance and property taxes. This is known as PITI (principal, interest, taxes and insurance) in the Real Estate industry.

Once you are pre-qualified by a Loan Consultant (I would welcome the opportunity to assist you), you will be ready to find a trusted Realtor. I do not recommend house hunting without the help of a qualified Realtor. A good Realtor will provide invaluable information to help you make the best decisions when purchasing a home.

In regards to your question about buying now vs. saving for a larger down payment...this depends on the 2 items listed above: how much you qualify for and what is your comfort zone for housing expense.

Although I cannot speak to the availability of $400K homes in San Francisco...from a lending standpoint, it's definitely possible to purchase a $400K home with $25K using an FHA loan. With an FHA (Federal Housing Administration) loan, you can get in with as little as a 3.5% down payment. There may or may not be additional closing costs depending on how the loan is structured.

Please fell free to contact me with any other questions.

Take care,
... more
0 votes 10 answers Share Flag
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