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Home Buying in Ventura : Real Estate Advice

  • All169
  • Local Info14
  • Home Buying52
  • Home Selling4
  • Market Conditions11

Activity 62
Thu Oct 5, 2017
Mary Deyo asked:
Sun Mar 19, 2017
Asa asked:
Top priorities are great public schools (Elementary, Middle High) and community feel. Our kids are used to being able to bike/walk to their friends.
0 votes 0 Answers Share Flag
Sun Jan 29, 2017
answered:
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.

You may even utilize High Balance down payment and closing costs assistance programs and close with minimal out of pocket expenses all the way up to 636k.

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
... more
0 votes 8 answers Share Flag
Tue Dec 6, 2016
Rich Reed answered:
That's a great question! IMO it's not appropriate to use a multiple counter offer if in fact there are no other counter offers being made. It is a violation of an agent's duty of honest and fair dealing and good faith. However, I see this all the time. I have heard of it being suggested as a tactic to gain a stronger offer.
The form has been separated into two different forms, SCO and SMCO, instead of a check box.
The bottom line for me is that it's irrelevant. The current regular counter offer form protects the seller if he/she accepts another offer prior to buyer's acceptance of the counter offer. Ultimately, the buyer and seller have to have a "meeting of the minds" to create a binding contract and it doesn't matter who makes the final binding signature.
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.
Hope this helps!
... more
0 votes 1 answer Share Flag
Wed Nov 4, 2015
Ruth and Perry Mistry answered:
Right, a Counter is different than a Request For Repairs.

Good intent but wrong form, when you counter, you have rejected an offer.
So then a Seller, can decide to counter or reject..you got rejected and contract is done...

Are you sure you know what you are asking on trulia.
Why not ask your agent.

Why would you counter, a new finding for repairs?

Based on how you have put it here, they the sellers are right.

If you do not have an agent, get one.
If you have an agent, and agent filled wrong form, then you may want
to talk to his broker. If s/he is a Broker, then complain to the State Board.

The best thing to do, is , if you want this place, work it out with sellers,
unless they are done, and dont want to work with you.

Good luck
... more
0 votes 4 answers Share Flag
Wed Sep 23, 2015
Andy Madrid answered:
Hello First Time Homebuyer,
Yes you have options even when you dont have perfect credit. And I'd love to help you since I have lived in both Oxnard and Ventura but my office is probably close to you - right next to the Arlington Theater on State St in Santa Barbara. I currently live in Ventura too.
As for types of loans - FHA is one but it comes with some higher loan costs. You have Fannie Mae Homeopath financing options a swell and depending on your down payment amount and the type of property you are thinking of, you might have some other options as well. I have a couple of really good lenders both in Santa Barbara and in the Ventura/Oxnard area.
Give me a call at 805-452-1456 and I'd be happy to help you.
... more
0 votes 5 answers Share Flag
Wed Jun 10, 2015
Jacqui Rum answered:
How much are you looking to spend? I will send you a few
0 votes 4 answers Share Flag
Thu Apr 30, 2015
answered:
Hello rocketman3448, are you looking to purchase still in Ventura? The purchase in 93003 zip code of Ventura start at 160k for 2bd 1ba condo and the single family homes start from 254k for 2bd 1ba home which is as low as $1,275 down payment with minimum 580 fico score.

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 you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You may qualify to buy FHA with 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 but only up to 417k. You may consider 3% down conventional from a minimum 620 fico score up to 417k. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. 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 Thank, Link or Best Answer.
... more
0 votes 3 answers Share Flag
Thu Apr 30, 2015
answered:
Hello Annelore, you may qualify to buy FHA with 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 but only up to 417k. You may consider 3% down conventional from a minimum 620 fico score up to 417k. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

The purchase in Ventura 160k for 2bd 1ba condo and the single family homes start from 254k for 2bd 1ba home which is as low as $1,275 down payment with minimum 580 fico score. 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 you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. 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 Thank, Link or Best Answer.
... more
0 votes 6 answers Share Flag
Sun Aug 17, 2014
Matt Polaski answered:
Ventura or Oxnard beach area. You can make the most if you rent weekly as Vacation rental. There are many websites to list on one popular one is VRBO.com. Contact me

Matt Polaski
Keller Williams Realty
805-760-4564
... more
0 votes 4 answers Share Flag
Sun Jan 26, 2014
Bernedette answered:
Hi Doc,

You may want to contact Rae Drake with Fifth third Bank.
I have referred her for the past 10 years to my buyers and she has always performed professionally.
She puts her clients interest first and is extremely knowledgable of the industry and the banks programs.
They have a great Doctor Program- She is even married to a Physician.
You can reach her at 352-514-1829 or rae.drake@53.com

Good Luck,
Bernedette- Realtor in Vero Beach, Florida
... more
0 votes 3 answers Share Flag
Thu Dec 5, 2013
answered:
None.

Let me know if you need a recommendation for a real estate agent that can be on top of homes for sale that are in the area you want. This will help you get the property that you want.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
... more
0 votes 4 answers Share Flag
Wed Dec 4, 2013
Bernard Goodman answered:
You will find that You would be able to add your name to the loan,but it is unlikely that the lender would release the current borrower from responsibility, and their name would remain on the loan. As mentioned in previous answers the loans now, and have done for some time carried a due on sale clause, and the lender will become aware the change when the insurance is altered to another name.

Should you add your name to the loan the current home owner would have to cover themselves legally just in case you should default in your payments. I have never done this with any of my clients,but I am fairly certain that a good real estate attorney could draw up a document that would protect the previous owner. However to give the previous owner that sort of protection would probably not be to your best advantage.

I would say that if you can afford the home then with the current rates of interest you would be better to just get a new loan. Keeping in mind that you would have to qualify for that loan. and if you can qualify it is possible to secure a loan with a very small down payment , although you would have to pay PMI (private mortgage insurance). But if it your desire to own a home of your own, and you do not have a large down payment it would be a much better way to go than putting yourself in a position where the loan could be called by the bank and you lose out.

Kind regards, Bernard Goodman Broker/ Owner Integrity Realty Ca Lic# 00693084
... more
0 votes 7 answers Share Flag
Wed Nov 13, 2013
answered:
I saw one like that in Villa Park (Orange County) Seems that they built up a big house around a modular or manufactured home. It then keeps its identity as a manufactured home. The problem is no one really can finance it because there are no comparable sales.

So I would assume it includes the property. I would not buy one like that though.
... more
0 votes 1 answer Share Flag
Fri Nov 8, 2013
Brian Nguyen answered:
Do you already have a lender for a VA loan? If not, I strongly recommend that you start speaking with lenders as soon as you can. There are lenders like myself that would be more than willing to speak with you. I have experience with VA loans and I would be glad to help you out. I have also done plenty of loans throughout California, so when you have a chance feel free to contact me. Good luck! Brian Nguyen Sr. Mortgage Banker Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
0 votes 5 answers Share Flag
Sun Nov 3, 2013
answered:
Downtown Ventura

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
0 votes 4 answers Share Flag
Mon Jul 8, 2013
Vicky and Vicky Team answered:
Most landlords want a deposit to ensure that the property will be taken care of and left in the same condition as when the lease is signed. Also most of the time when tenants pay a six month lease or more, it is if they have bad credit or are trying to reassure the landlord good faith. Everything is negotiable and if the landlord agrees to doing a lease with out a deposit, then it is possible but highly unlikely. ... more
0 votes 4 answers Share Flag
Sat Jun 29, 2013
Cheryl Sharman answered:
Sheesh. So many brokers weighing in, trying to get your business. I'm a client, super happy with our realtors, Traci & Rob Mahone at Troop in Ventura. They're quick to respond, thorough answering questions, attentive to everything we want. We couldn't be happier. ... more
0 votes 6 answers Share Flag
Wed Jun 5, 2013
Ron Thomas answered:
Nobody mentioned that possibily his BROKER discouraged the relationship:
He would need his Broker's consent.
0 votes 6 answers Share Flag
Sun May 26, 2013
John Arendsen answered:
First order of biz. Is the MH in a resident owned condo, subdivision or Planned Unit Development and is it fee simple or a co-op? Or is it in a rent/lease park/community? There's a big difference. If it's in a "Resident Owned" community and was built after June 15, 1976 (HUD compliant) there are a number of lenders who will fund it providing it comps.

Values do not depreciate in a resident owned community contrary to what many on this thread have told you. However, if the home you are seeking to purchase is in a rent/lease park/community you can an often do have problems with financing especially if it's a PRE HUD home. You will be putting more down and will pay a higher interest rate regardless of your credit or LTV.

MH's in rent/lease communities can depreciate as the rent increases. However, if the park/community is in a desireable area or in the path of progress you can and usually do realize some level of value and in many cases even appreciation. However, if it's a PRE HUD home it's almost impossible to see any appreaciation at all.
... more
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