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Walnut Creek : Real Estate Advice

  • All255
  • Local Info13
  • Home Buying110
  • Home Selling11
  • Market Conditions6

Activity 305
Sun Oct 8, 2017
rfarmer124 answered:
well you'll get your earnest money back if you back out of contract do to inspection report, as long as it was within the inspection period timeframe, unfortunately you might not get inspection costs back .....usually inspections are within the first 10-15 days of accepted offer, if you got the appraisal done before that time frame your lender was really on the ball, in which case probably not....I have to wonder if the 2K in fees would be less than suing to get it back... if you could. To be sure though $15,000 is a lot of damage, you didn't say if it was fixed, but yes it should have been disclosed because it COULD BE considered "material adverse fact" something seriously big enough to prevent someone from entering the contract....obviously talk to RE Attorney and weigh the costs ... more
0 votes 139 answers Share Flag
Sat Oct 7, 2017
Kathy Burgreen answered:
Who has the lien? Seller? Bank? Just like buying a car, when you bought the trailer, the seller should have signed over the title to you. If you were financing the trailer, there should have been a separate loan document between you and the seller.

Instead of consulting a lawyer, I would go back to the DMV and get the contact information for the lien. Call them and find out what is going on. Sounds like there is a reason for the holdup of the lien.
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0 votes 2 answers Share Flag
Wed Oct 4, 2017
Carlanaranjo asked:
Sun Oct 1, 2017
Derek Jones answered:
Sometimes it's due to the condition of the home. If the seller knows there are items that won't pass a va/fha appraisal and they don't want to do any of the repairs.
0 votes 1 answer Share Flag
Sun Sep 24, 2017
Bb700092 answered:
Is it okay for an agent to show the same property to multiple buyers at the same time (i.e. while one buyer is taking the time to make a decision)? If yes, the agent is facilitating competition among buyers for the same property which shows the agent's goal is not her commitment towards any buyer but to get that property sold in order to earn her commission. Actions *always* speak louder than words!

If that is the case, why is it not okay for a buyer to facilitate competition among agents by working with multiple of them at the same time? Different buyers have different priorities and abilities to pay for the same property and the agent ideally wants the buyer with the highest ability. In the same way, different agents have different knowledge and negotiation skills and a buyer ideally wants the agent with the highest ability. The commitment, if there is any, should go both ways.

Finally, if a buyer is smart enough and can put the time to understand the process (there are many good resources in the Internet and everybody has friends/relatives/colleagues who bought properties in the same area), I do not see how an agent can be of any help.
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0 votes 31 answers Share Flag
Mon Sep 11, 2017
Eddy answered:
This process can be confusing, the best option is to seek insight from a professional in the field; a realtor. They can assist you in sorting out all of your options and potentially show you even more options to pursue. Check out upnest.com to pick and compare top realtors in the VA area. It's a free service with no obligation, Good luck! ... more
0 votes 1 answer Share Flag
Sun Aug 27, 2017
Robert Spinosa answered:
I realize this post is dated, however the topic still comes up very frequently here in 2017, especially in the San Francisco Bay Area of California. If you need to purchase in jumbo price points and have only 10% down, you have several very strong options. The most desirable and best-priced is often an "80-10-10" or "piggyback." We will approve these on homes being sold for up to $1.9MM. The first mortgage can be fixed rate or ARM, and the second is typically a home equity line of credit (HELOC). Also note that an 80/10/10 is not the only way available and additional options exist.

I know this segment of the finance market extremely well and have many online testimonials (Yelp, etc.) to support success stories of offering and winning with 10% down. If you need help, get in touch any time.

Thank you!
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0 votes 9 answers Share Flag
Sun Aug 27, 2017
Robert Spinosa answered:
If the buyer gets pre-approved through us we will usually suggest that they then get fully underwritten as well, or what's known as our Advance Approval (AA). With an AA, the buyer can then offer a 20-day close to the seller even if financing is involved and we have met these deadlines with a very high degree of accuracy.

AA doesn't cost or obligate in any way and is available on conforming, FHA, VA and jumbo. If you need help with this or feel it's an edge you can use in the current market (and many real estate agents are now asking for it...), we are happy to help.

Thank you!
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0 votes 3 answers Share Flag
Wed Aug 2, 2017
Shirley1282 asked:
Mon Jul 17, 2017
Jesu49 answered:
Neither matters much. Appraised value is what the banks look at.
0 votes 18 answers Share Flag
Sun Jul 9, 2017
Susie Kay answered:
Molly, I would suggest that you pick up the phone and call a local realtor to assist you. I used to live in the Bay Area and I think it's a good idea to rent first. Get to know the area better before you buy a home.

I'd be happy to assist you if in the future you are planning to relocate to Dallas Metroplex. We are growing fast and many employers are relocating here. Our homes are much more affordable and we have plenty of good schools for a family with children.

Take care!
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0 votes 2 answers Share Flag
Fri Jun 23, 2017
Rich Reed answered:
Hi, Patricia. Selling and buying at the same time, especially if the proceeds from the sale are needed to purchase the next home, require skillful coordination between the two transactions. Having the same Realtor, title and escrow can help streamline the process. Many agents will give a break on commissions for multiple transactions.

The disadvantage, of course, is that if you're unhappy with the service provided by your agent, you would be doubly unhappy!

Hope this helps!
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0 votes 2 answers Share Flag
Thu May 25, 2017
Rich Reed answered:
It depends on what is specified in you listing agreement with your agent. C.A.R listing agreements say "Seller is responsible for determining at what price to list and sell the Property." Some brokers have clauses that would require compensation for marketing, but the basic C.A.R. listing agreement does not. You would have to read your entire listing agreement. I would recommend you talk to your agent's broker about your concerns.
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!
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0 votes 3 answers Share Flag
Tue May 23, 2017
Sean.briski answered:
I'm doing the same thing, selling a house I own to my daughter. I'm using a contract I got from FSBOfish.com. I did the same thing with my son a few years ago. It's really not that complicated since I'm not worried my kids will sue me. Fear diminishes the soul. ... more
0 votes 12 answers Share Flag
Fri Mar 10, 2017
Elenasmini16 asked:
Tue Feb 21, 2017
Valli Lopez answered:
VA loan about 3%, FHA loan 3.5% or conventional is 20%. Construction to perm loans are pretty easy, just need to have a licensed contractor give a bid on the construction.

Call me and I can give you a quote.

Valli Lopez
NMLS 980530
619.916.9595
Valli@ValliLopez.com
... more
0 votes 1 answer Share Flag
Mon Dec 19, 2016
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
0 votes 1 answer Share Flag
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