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San Lorenzo : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 2
Sat Oct 26, 2013
Pacita Dimacali answered:
If you have a realtor helping you, he/she can find out more information about the property --- like if it's even for sale, who own it, etc.

But looking online for properties for sale may not be the most efficient way to do it since so many "listings" are either outdated, or what you see is not even for sale

Finally, if you aren't paying in cash, and will need to get a loan, are you already preapproved to buy property, what type of loan can you qualify for, and for how much? Some properties may not be FHA-approved, and as such you may need to see if you can get another type of loan.

There are many realtors on this forum who will be glad to help and guide you.
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Mon Jan 4, 2010
Sunil Sethi answered:
Barabara,

Sellers prefer a higher downpayment offer if they are concerned that the appraisal will not come in. With 20% down and excellent credit, you are in the top quartile if I rank qualified buyers.

There are things you and your agent can do to help a seller feel more comfortable with your offer, over another that has more downpayment (the presumption being with a higher downpayment, any variance in the appraisal to the sales price will be adjusted for by the buyer with a greater down). You have to show you've done your homework on the property and community, and expressed that to the selling parties.

Additionally, more inventory is expected to come online this quarter. Hopefully you'll get your new home soon.

-sunil

SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pwky Suite B3 / Fremont, CA 94538
Main 510 388 2436 / Fax 510 431 9046
My Bio: http://sunilsethi.com/about_me.htm
My blog: http://fremontrealestate.blogspot.com/
LinkedIn: http://www.linkedin.com/in/fremontrealtor
CA DRE#: 01173766
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