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Home Buying in San Leandro : Real Estate Advice

  • All127
  • Local Info8
  • Home Buying49
  • Home Selling6
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Activity 80
Sun Dec 3, 2017
Jerryll answered:
The advantage of paying all cash also depends on the other offers received, and how often the other offers have fallen through.
If a seller desperate to sell, keeps dealing with conventional buyers that for some reason couldn't go through with the transaction the seller is losing money the longer they hold on to the property.

If you come with an all cash offer with proof of actual funds, the seller may be very compelled to accept a lower offer because if they don't and they keep waiting for these "higher offers" to stick, by the time that happens, IF that even happens they monetary penalty of waiting my be so large they actually have lost money from these "higher offers".
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Sun Sep 17, 2017
Susie Kay answered:
It depends on how the contract is written. You may need to consult an attorney especially if seller takes legal action.
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Tue May 16, 2017
Arpad Racz answered:
Hi,

It often means they have already accepted an offer and are in contract.

All the best,

Arpad
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Sun Apr 23, 2017
Karen Peyton answered:
Hi Kathleen,

It's unreasonable to believe your agent will be intimately familiar with every home she shows you. If she knew the about the toxic chemicals, there's no reason to think she wouldn't tell you - so you could scratch this house off your list. The shortest time and distance between two places is warp speed moving in a straight line. None of us wants to get bogged down with cancer causing environmental issues.

And...that's why you have an Inspection/Due Diligence Period in the purchase contract, and the reason the Seller is lawfully obligated to disclose material defects.

If you agent hid the disclosures, you'd have reason to report. Since she didn't, you don't.

Much better luck next time. And unless you fall into a sink hole - it's all up from here ;)
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Sun Apr 23, 2017
kathleenkuhlmann asked:
She attriubuted it to the carpet being cleaned. Later, through disclosures I discovered that the site had toxic cancer causing chemicals detected and was still in the monitoring phase due…
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Tue Apr 11, 2017
answered:
Hello Roberta, yes absolutely there are different down payment and closing cost assistance programs. They vary by income limits, income of the total number of household, fico scores requirements, county of choice, etc. You do not have to be a first time home buyer to qualify for some of them.

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. The CHDAP down payment and closing cost program can go up to 600k in high balance areas like Oakland and San Leandro.

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.

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
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Thu Aug 25, 2016
Valli Lopez answered:
It matters, but you need a lender who is flexible and has common sense. Listing your house on your application as PENDING will be better than saying it's still for sale and hitting you with the debt. I specialize in helping borrowers fit inside the box the lenders are looking for and getting it to where we can make it work. I also pay all closing costs at competitive if not the best interest rates.

Valli Lopez
NMLS 980530
619-916-9595
Valli@ValliLopez.com
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Thu Jul 7, 2016
Felisabaker answered:
It depends upon your Financial ability to buy. Get a Preapproval first, from a Lender then you will know how much you can afford to buy. Watch for your FICO score, it's relevant on your mortgage rates. Have a down payment ready, then you will be sailing in a better position. ready to buy any time. ... more
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Thu Apr 28, 2016
Terry Bell answered:
I presume you are talking about a realtor to work with you on a purchase, rather than listing your home. You might ask whether the realtor is familiar with the area you want to buy in. Whether they have a strategy for dealing with multiple offers, common in the bay area, and what they think you need to do to be ready to get into the market! ... more
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Thu Apr 28, 2016
Terry Bell answered:
Most manufactured homes have lenders that specialize in that type of construction, whether if on your own land, or in mobile home parks. If you contact a realtor in the area that you are interested in, I am sure they can give you some referrals, or you can google. I handle many manufactured home sales up here in Sonoma county and can help in this area. ... more
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Thu Mar 24, 2016
answered:
Wool:
Have parents transfer money to your account via wire.
If you are in the middle of the transaction we will need to see parent's bank statement and copy of the wire coming from their account into yours.
Should the money be in your account for 90 days, we will not need to track the funds as they will be considered 'seasoned' or yours.
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Thu Mar 24, 2016
answered:
You and your parents may purchase this home as an owner occupied loan. You are their child and they are assisting you while you are completing your education.
If you do not have an income, your parents can qualify on their own income and credit package. In order for this to be owner occupied, you will need to be the owner occupant and supply all your information, as well.
In the 'old' days, we would call this transaction a "Kiddy Condo" where the parents would purchase a home in which their child would reside while the child was attending school.
Not a difficult transaction.
If you would like to discuss, you may email me through Trulia or call me on my direct line: 510-303-1174,
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Fri Mar 11, 2016
Wooliensik answered:
If my parents were to transfer personal fund from overseas how will this be done. What kind of approval i need to seek for fund coming in from overseas to enable my parents money to use for buying the selected house. ... more
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Thu Aug 13, 2015
Deborah Coe asked:
Mon Apr 6, 2015
Pacita Dimacali answered:
MyFico has a great site that addresses the question of how to improve your credit score. http://www.myfico.com/crediteducation/improveyourscore.aspx

The quick and easy things to do?

- Don't buy big-ticket items and charging them to your credit cards
- Pay down your debts including credit card balances
- Don't be late with any payments
- Don't apply for new credit cards --- don't be tempted with the 10% discount off your first purchase

Good luck.
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Fri Mar 20, 2015
answered:
Hi CT:
Most borrowers can get into a home for as little as 3.5% down payment.
This would be on an FHA loan.
The SF Bay Area is considered 'high' cost so we are able to give you a loan up to 625k which translates into $647k on a purchase price.
Rates are good!
You may also put 10% down and go up to 750k with a 10% second loan.
Give me a call or email me...I am located in Fremont by the BART station!!
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Mon Mar 2, 2015
answered:
Hello Andy, you may qualify to buy with minimum out of pocket expenses depending on your fico scores, loan program choice and home purchase price. 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 and you can be emailed listings to fit your search criteria.

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.

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 may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.

If you have credit issues, your credit 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 compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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

If my response was helpful, consider clicking thumbs up or Best Answer!
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Fri Feb 6, 2015
Cindy Davis answered:
A local Realtor should be able to find out information for you. I personally would want to understand why you are searching for that information before releasing it.

Best of luck.
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Tue Jan 27, 2015
answered:
Hi Hathaways,

FHA would be your only option, unless you have 20% to put down. The FHA mortgage insurance premiums were lowered, so it's not a bad option. Feel free to give me a call if you would like to discuss your options.

Best regards,

Elva A. Wormley
Mortgage Consultant
33+ Years Experience
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
... more
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