I have a gorgeous listing on 35338 Date St in Yucaipa. It is not a fixer upper, it is opposite it is actually immaculate - seller is looking to sell fast so is selling under market at $374,999 it is over 2700 sq feet and has a granny flat in the back - great for rental income also. The appraisal came in higher, they are trying to sell quick to buy another home in Chapman Heights. Call me if you want to see it!! 909-239-9929... more
You will have a difficult time finding a 3/2 in Yucaipa (92399) or Calimesa (92320) under $160000. There are currently 13 homes (not mobiles or manufactured ) listed on the MLS as of 10:24 pm on 1/31/14. All are under 1,000 SF and are 2 bdrm. only. Some as small as 525 SF???
Have you thought about a mobile home or manufactured home? There are many available in Yucaipa/ Calimesa.
I am a real estate broker in Calimesa and have sold many properties in the area. I am here to answer any of your questions.
California Dream Real Estate
1007 Calimesa Blvd. Ste. F
Calimesa, CA 92320
CA BRE Lic. # 01328790
Heather one of the things that you'll have to take into consideration is that if your loan is going to require termite then you would be responsible for those repairs. FHA loans typically will require that the work be done if the buyers originally requested termite to be completed. You may have more wiggle room when it comes to a conventional loan.
If two appraisals were done this is most likley a flip transaction and that might require that the termite repair work be completed regardless depending on your lender's guidelines.
I'd be happy to look at your transaction in detail and give you some suggestions. I'm local here in Yucaipa and would do this for no charge. Feel free to call, email or even stop by and I'll see what your options are.
General Manager / Sr. Loan Officer
Valley View Mortgage, Inc.
32829 Yucaipa Blvd.
Yucaipa Ca, 92399
Once you are under contract and in escrow, all repairs are to be completed by a professional and licensed contractor. It is very important to read the reports and their findings. On the report it will call out their recommendations to fix, repair or replace the item in question. This is where you would voice your opinion on the method and amount being repaired. They are only required to fix the damaged area, anything above and beyond have your agent try and negotiate for you to get the entire thing replaced. Let me know if I can help. Thanks... more
The City of Yucaipa has a Building & Safety Department that is very responsive to requests. You can go to their website and complete a form online. Don't say that you want to find out if a particular room is permitted. Just ask for all permits in the file. Once complete, print it, sign it, then drop it off at the counter at City Hall on Yucaipa Blvd. If you ask for a response via e-mail (a choice on the form), there is no charge for the documents they send you and they usually arrive 2-3 business days after the request (although they can take up to 10 days). If the work was possibly done prior to the 1980s, you may have to go to the County of San Bernardino as well to be sure.... more
Tuesday seems to be the day, as many asset managers are just catching up with paperwork on Monday. I went over this on my blog back in August: http://equityguy.blogspot.com/2009/08/relax-youll-get-your-answer-on-tuesday.html... more
I am also moving to Yucaipa from the Central Coast area, one person who has helped me the most is my real estate agent, Michelle Brittingham with Elite Realty. She has lived in the area most of her life and has seen the markets highs and lows. I've found her to be ethical, honest, and well respected amongst her peers. She truly cares about me as a client and listens to what I want. She will tell you honestly if this is the right move for you.
Give her call I guarantee you won't be disappointed.
You can give the agent a verbal counter offer however it is not binding. Most of the time the banks will go witht he best and final offer subject to written approval by a senior underwriter. What this means is if they like your offer the deal will stick. If something better comes along for them, you're out of luck. We've had one deal fall apart last year the week of closing because a senior underwriter did not like the terms. Put your counter offer in writing to be safe.... more
It has been almost a month since you posted this question, I hope your luck has changed and you are in escrow by now. If not I can make a few suggestions to help you get there.
1) Ignore the list price of the property - Sit down with your agent and look at the comps and determine what you want to pay for the property. Some of these REO's are listed below market value and will have multiple bids within days of being placed on the MLS. Some are grossly overpriced, not every REO is a great deal!
2) Structure your offer so that you have some room for unforeseen expenses. I would recommend you have a home inspection performed but it is for your information only, these properties are sold "as-is" and the banks are not going to perform any repairs.
3) If you are planning on using FHA financing, make sure you are looking at homes that are complete and in need of no repairs. If you send over a pre-qualification for a FHA loan and the property is not going to pass a FHA inspection your offer is going to get rejected. Talk to your lender about the condition requirements for your laon program.
4) Don't get discouraged! If you are bargain hunting be prepared to have a lot of your offers rejected. If you find the house you really want don't be afraid to offer a few thousands dollars more to make sure you get it. Five or ten years from now and extra 5k isn't going to make that much of a difference.
Artur is probably right on this. If you want to close escrow and the lender is requiring a roof certification, you'll probably have to pay for it. Many roofing companies will give you a roof cert. for a nominal charge... especially if they think they have a chance of replacing the roof in a year or so (as you mentioned you might need to do anyway). Good luck!... more
Interest rates are at an all time low right now making payments very affordable. Do I think home prices will come down still? The answer is yes, a bit more, but not enough to not make a purchase of a home right now if you find the right one. There are many deals out there right now and it is a buyer's market after all! So, I would talk to a lender and get pre-qualified and then talk to a few real estate agents. I would be happy to help put you in touch with one in the Yucaipa area. I have a network of agents all across the country that I work with. I would have your pre-qualification letter in hand so when you find a home, you will have that to go along with an offer. This makes your offer stand out, but what would be even better is if you have a pre-approval letter. Your agent will submit this with any offer. You should also have a copy of your FICO scores. When you rent, you are throwing away your money, it is good to have tax write off and start building equity. It is rewarding to have a home of your own. This way, you can do what you want to it instead of having a land lord telling you what you can or cannot do! Good luck!
Joan Patterson, B.A., A.S.P., G.R.I., Realtor
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730