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Home Buying in Tustin : Real Estate Advice

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  • Local Info4
  • Home Buying23
  • Home Selling2
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Activity 30
Wed May 23, 2012
Stephanie Hart answered:
I think it is a huge disservice when agents pass the buck on to the buyer in regards to negotiator fees. I am seeing that more and more on the MLS under agents notes. In my opinion if an agent can't negotiate their shorts, then they shouldn't take them! I negotiate all my own Short Pays... that being said I know the standard fee is only 1% of the purchase price (as staed below). So the fee you are being charged sounds extremely excessive. I would also ask for proof of the liens. You should be able to do some investigating into the Preliminary Title Report (you were most likely given by escrow). Trust is paramount, this would make me questions the entire transaction. I am so sorry you are experiencing this!


Stephanie Hart
Broker-Associate
Forecast Realty
310-918-6856
CA DRE 01338444
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0 votes 11 answers Share Flag
Wed May 23, 2012
Stephanie Hart answered:
We would really need to know if you removed all contingencies here.
Are you talking about subterranean termites? I would advise you to talk with the termite company and get their opinion on the different treatment options. I have never had a termite company tell me that a treatment isn't available. As the other agents have stated termites are a norm in CA. They are killed off and then they eventually return. It is something you will most likely face w/any property in So Cal.


Stephanie Hart
Broker-Associate
Forecast Realty
310-918-6856
CA DRE 01338444
... more
0 votes 10 answers Share Flag
Thu May 17, 2012
Cindy Davis answered:
I agree. It is always best fo have YOUR OWN agent. It's a common myth that you will do better by using the listing agent. Remember that in the case of a short sale, the listing agent has no control over what the ultimate terms of the sale are - it's all about the bank.

I feel very strongly that it is difficult to fairly represent both sides of a deal. The listing agent has a signed contract to get the seller the highest price he can. As a buyer, you want to get it for the lowest price possible. Do you see any conflict of interest there?

Good luck.
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0 votes 11 answers Share Flag
Sun Jul 24, 2011
Kathy Buck answered:
I recommend purchasing a large 2br with a versatile floor plan that you can make into a three bedroom (possibly with a den). The best rental areas are close to the UCI Campus, Irvine College or Concordia College. I work with many investors and have a background as a residential appraiser. Depending on your downpayment, the numbers can work in your favor both now, and in the future.

Feel free to contact me with your questions or visit my website below.

Kathy Buck, Broker
Beyond Realty and Investments
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0 votes 7 answers Share Flag
Mon Jun 6, 2011
Johnny Marr answered:
Well, Terry, as a matter of fact, I do...

Here's something that people should do for the next 1-2 years: Rent, get more liquid at the next fake stock market rally, go short on the SPX if it gets back to 1350, close the short after a 10-20% gain, conserve cash for a steep market drop, go long SPX after it drops by 25-30%, and after you make 30-40% from timing the market, even better when you use a 2x SPX product, swoop in and low-ball some desperate seller and see how low he/she is willing to go, put at least 40% down on the house (if you can't pay fully in cash) and either get a 15 year fixed or a 5-10 year ARM. ... more
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Wed Aug 25, 2010
Cinnamon Boffa answered:
Each bank and each loan is different. Perhaps this home is not right for a short sale. If you don't believe the value is there move on to the next house. I have seen bank hold the line and I have seen them bend.

Some of the loans the bank/investor make more money if it goes to foreclosure.
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0 votes 12 answers Share Flag
Sat Jul 31, 2010
Sylvia Barry, MAS,CIPS,SRES answered:
Because the seller still owns the house. Until the house is forclosed or turned back to the lenders for whatever reason, the lender does not own the house.

Hopefully the house you are going to purchase has an experienced short sale agent who listed the house at a price that's both acceptable to you, to the seller and to the lenders and who will be able to follow up an work with the lenders to get the short sale approved.

Best,
Sylvia Barry
Marin Realtor .
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0 votes 5 answers Share Flag
Fri Apr 30, 2010
TheRECoach answered:
Gemmie, you really "get it", Bravo! Anyway, whom ever you choose as an Agent, give me your Twitter ID and their Twitter ID, we may have something right up your alley in a couple of weeks on Redondo and I will hit you both up...In the interim...keep pushing for "professionalism" my friend, it is both of our pursuits!

@CBRELongBeach (My Twitter ID)

Stay Blogging My Friends!
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0 votes 23 answers Share Flag
Tue Apr 20, 2010
Linda S. Cefalu answered:
I agree that we should probably all be a bit more diligent in checking the date that the question was asked, myself included. However, I do think that the previous answers may be helpful to some new buyer viewers as it is still relevant.

I wouldn't mind seeing this question and answer disappear from my email updates.

" New thread on - buyer made mistake, got himself two agents.
Asked Thu Aug 16 2007, 23:12 by Jim Walker - Home Buying - 200 answers"

I think we've discussed this to death!!

Linda
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0 votes 18 answers Share Flag
Wed Apr 8, 2009
Harrison K. Long answered:
Caroline ... I agree with another person here it's best to try and buy the low end home in the best neighborhood. That way your home will benefit by the way other nice homes in the neighborhood are caref for.

Best wishes on your search to find and buy a home for family with small children and friendly place to live.

Harrison K. Long, Coldwell Banker Previews.

www.CoastLivingHomes.com
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