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Home Buying in Ventura County : Real Estate Advice

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  • Home Buying31
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Activity 456
Sun Jan 29, 2017
Sheryl Arndt 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
Thu Dec 22, 2016
Rich Reed answered:
Hi Jessica, you should consult with a real estate attorney, or maybe a family law attorney, before you decide.
It seems to me that if you're on title you are a co-owner and should be on the purchase agreement. If you're on the purchase agreement your half of the down payment would not need to be a gift. Loans are sometimes made in the name of only one of the owners, but you are correct in being concerned about who is on title. California, being a community property state, has some protections, but if you don't carefully read and understand everything you are signing you may not be protected. Hope this helps!
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.
... more
0 votes 2 answers Share Flag
Mon Dec 12, 2016
Seanbarrymacfarland59 answered:
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... more
0 votes 16 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
Thu Oct 6, 2016
Paul answered:
Yes absolutely, but good news is that Inbedroxk.com can help you learn about, understand and navigate ALL the real costs of homeownership, including mortgage financing, so you can make educated section as to financial worthiness of your home purchase. Inbedrock.com will help you analyze purchase price, downpayment $ amount, closing costs like title fees, mortgage financing, RE Taxes + Homeowner Insurance. It's simple + easy-to-use and very educational. An invaluable tool for all homebuyers- houses, condo/co-ops, investment properties. Make sure you can calculate whether is better to Buy or Rent with Inbedrock.com ... more
0 votes 1 answer Share Flag
Fri Sep 30, 2016
Santacruz111111111 answered:
Hi, I also had the same problem not so long ago, my movers Thousand Oaks, CA http://smile-moving.com/ca/Thousand_Oaks recommend me school with perfect teachers Sycamore Canyon School. They are really worth to pay attention to. ... more
0 votes 8 answers Share Flag
Tue Sep 20, 2016
Insurance Agent answered:
Home Insurance Help!!


Rancho Simi Insurance Agency 1611 E Los Angeles Ave Simi Valley 93065 offers options if you are looking for Home Insurance close to open space/hills area.


805-581-2128 Call for a quote. Ask for Steve
... more
0 votes 5 answers Share Flag
Tue Aug 2, 2016
Sheryl Arndt answered:
Hello queentc, I always advise against loans without a note attached to the deed but yes you could gift them some funds or they may qualify to buy with down payment assistance programs on their own. You would have to have the whole picture of income, credit profile, funds, etc. to be able to advise what multiple options you have to choose from.

Note: Minimum 620 fico score may qualify FHA from the Sapphire down payment assistance program up to 417k, minimum 580 fico score may qualify for 3.5% down FHA to 417k, minimum 620 fico score may qualify for 3% down conventional up to 417k, minimum 680 fico score may qualify for 5% down Jumbo from 417k up to 1.5 mil.

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 qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

You and they will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

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.

The purchase in Oxnard start from 157k for 2bd 2ba condo and 349k for 3bd 1ba single family home. The best investments are from 3bd 2ba single family home which start from 365k in Oxnard.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
... more
0 votes 7 answers Share Flag
Sat Jul 16, 2016
Lister.sarah20 asked:
Should i contact the seller directly or do I need a third party? If I do need a third party to represent myself would the closing costs of the home be more than the 150,000 I am looking…
0 votes 0 Answers Share Flag
Thu Jun 9, 2016
Soniajanki answered:
These are the tools and techniques to successfully when looking for pre-foreclosure and REO properties. Other real estate investors find them as useful.

Pre-foreclosures - The availability of pre-foreclosures depends largely upon the type of debt instrument recorded against property titles in each state, mortgages or deeds of trust (also called trust deeds or TDs).

1. Try contacting your local county court. Ask if Notices of Default (NODs) have to be recorded as court documents. If the answer is "yes," find out how you can search the new filings; if the answer is "no," try one of the other options below.
2. Find out if the County Recorder has data available online. An easy resource to use is netronline. com. Simply click on "Property Data Online," select the state you want, then click on the county, and voila! You'll be able to see what (if any) info is available over the Internet through the various real estate-related offices in that county.
3. Look in the "legal notice" section of the newspaper. Look for properties that are coming up for sale at public auction (sheriff's sale, trustee sale, whatever), jot down the addresses, the property owners' names, and the tax ID, or at least as much info as you can get from the ad.

http://ForeclosureProcess.net
... more
1 vote 20 answers Share Flag
Tue May 10, 2016
Sheryl Arndt answered:
Yes that would if you are using FHA 3.5% down financing. There are also closing costs as well. You can discuss your options of loan programs and make an informed decision.

You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid. You could buy with minimum out of pocket expenses. You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down.

You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card 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.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
... more
0 votes 5 answers Share Flag
Tue May 10, 2016
Sheryl Arndt answered:
Hello Louiseakelly75, we as agents would not be able to answer that as it would be considered steering. These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/

The purchase in Simi Valley start from 208k for 2bd 1ba condo and up. 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 consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid. You could buy with minimum out of pocket expenses. You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down.

You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card 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.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
... more
0 votes 1 answer Share Flag
Tue May 10, 2016
Sheryl Arndt answered:
Hello Pamela, are you looking for down payment assistance to buy a home? You may consider the 3%-5% Sapphire Grant down payment assistance program from a minimum 620 fico score. You may qualify to buy with less out of pocket expenses than first, last and security of a rental.

The purchase in Simi Valley start from 208k for 2bd 1ba condo and up. 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 consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid. You could buy with minimum out of pocket expenses. You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down.

You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card 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.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
... more
0 votes 2 answers Share Flag
Fri Apr 15, 2016
Rich Reed answered:
You should work with a Realtor with negotiating skills, such as a Certified Negotiation Expert. Merely presenting a low-ball offer is likely to fail. Putting together an offer that is an acceptable total package takes skill and expertise. ... more
0 votes 2 answers Share Flag
Wed Mar 16, 2016
Brickey5 asked:
Mon Feb 8, 2016
Kathy Burgreen answered:
No it's not a good option. Some facts first:
1. The owner or landlord requires you to pay the regular rent + an additional rent which goes towards the purchase of the home.
2. If you don't qualify after 1 - 2 yrs. of the contract, the owner landlord keeps all of the money. Therefore you just lost thousands of dollars in a rent to own.
3. Most sellers find it easier & cheaper to sell than become a landlord and have their house as rent to own.
4. You will be required to have a down payment up front. The contract also states the owner landlord keeps your down payment if you don't buy the house.

Do yourself a favor. Forget the rent to own, fix your credit issues and buy in a year.
... more
0 votes 1 answer Share Flag
Sun Feb 7, 2016
Carlb asked:
Wed Jan 27, 2016
Julietglennon asked:
I'm interested in a piece of raw land in that area. I already know it doesn't have a well. I'm not sure whether or not it has a viable building area, or septic. Most of the…
0 votes 0 Answers Share Flag
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