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Home Buying in 91387 : Real Estate Advice

  • All15
  • Local Info0
  • Home Buying12
  • Home Selling2
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Activity 20
Thu Apr 11, 2013
Laura Coffey answered:
It is not set to accommodate that. Sometimes it's within the HOA, especially if it shows a large amount.
0 votes 2 answers Share Flag
Thu Apr 25, 2013
John Arendsen answered:
I'm assuming this is in a resident owned MH community or on a private lot/parcel. First, much like a site built home on real property you can't base the value of the home on the assessed value. It must be based on the "Market Value"

I suggest you get a CMA from a reliable RE professional and proceed from there. Realize that we have slipped from a buyers market to a seller's market thereby creating a challenging inventory scenarilo. The next target will be MH's in resident owned developments.
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Sat Mar 2, 2013
Jacquie Palmatier answered:
Hello. The area of the listing in the Cordova Estates, unit #155 is a very safe area. I have done the research . If you are thinking of purchasing a townhouse or property in any area, I would suggest you check with the local Sherriff's station re: crime statistics, etc. Also, check with the listing agent regarding the security of the complex in which the townhouse is located: some are gated and some have 24 hour security guards. If you were to use me as your agent, I would do this for you; i am known to go above and beyond the call of duty and have many client testimonials available.
Let me know if I can help you further.
Thanks.
Jacquie Palmatier
Realty World legends,
27413 Tourney Rd., #150,
Valencia, Ca., 91355
Dre. Lic# 01363084
DIRECT: 661-251-1550
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0 votes 3 answers Share Flag
Mon Apr 25, 2016
Ron Thomas answered:
That would be a SHORTSALE which you have heard so much about:
Assuming that the house is not presently for sale; one approach would be to enlist the help of a Realtor, who would then then talk to the Homeowner about LISTING it, contacting his Lender about selling it, and you making an Offer on it.
The Bank would have the final say in the matter, so you would have go through certain steps to be able to buy the house.

Good luck and may God bless
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0 votes 7 answers Share Flag
Fri May 25, 2012
Ron Thomas answered:
Property Taxes cover property taxes and maybe schools; sometimes there is an add-on to the tax for a special school bond.
The SERVICE for Water/Trash/Sewer is a separate bill. Gas is a spearate bill.

Good luck and may God bless
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0 votes 3 answers Share Flag
Wed Dec 12, 2012
Don Tepper answered:
Lots of things. Among them:

In many jurisdictions, they're treated as personal property, not real estate. Sometimes, the titling is done through the state's department of motor vehicles.

Manufactured homes generally depreciate, again similar to vehicles. Not as fast, but they do typically depreciate.

Often (in parks) you might be buying the home, but you're renting the land it's on. That's typically called ground rent or a land lease. And that sometimes can be a larger monthly expense than purchasing the home itself. (Example: I sold a manufactured home a few years ago, providing owner financing. The owner monthly pays $210 on the mortgage and about $850 for the land lease.)

Newer manufactured homes (I forget the year of manufacture) had to meet fairly strict construction codes. Older ones had looser requirements.

If you're buying in a park, the management firm may have fairly strict requirements about who can purchase. That may involve both a credit and a background check.

It can be difficult obtaining bank or conventional financing, unless the home is new. Many sales are accomplished with owner financing. Either that, or they're cash sales.

Depending on where you are geographically, many probably won't be listed on the MLS. Where I am, for example, I'd guess that maybe 20% are on the MLS. The other 80% are sold by owner. So while a Realtor may be able to help you, you should also drive around--through the parks themselves--to look for homes for sale.

Manufactured homes can be a very cost-effective option. Compare the total price of ownership (mortgage plus land lease) to what comparable apartments in the area are going for.

Any other questions . . . just post them.

Hope that helps.
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0 votes 4 answers Share Flag
Mon Apr 23, 2012
answered:
You have your pre-approval. That is enough. The sellers agent has no legitimate need or right to ask for this. What does your buyers agent have to say about this?

Happy funding, Rudi
0 votes 7 answers Share Flag
Mon Jul 25, 2011
Ron Thomas answered:
If this was with anyone but the Agent, I would say it was a SCAM>

How do you know that he was the Agent?
Check with the local MLS and see if he really is a Realtor.
You might want to talk to the local FRAUD unit, you're rrunning out of time.

Good luck and may God bless
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0 votes 14 answers Share Flag
Thu Apr 28, 2011
John Barry answered:
hi Liza,

Did you have a question about Homepath financing? This is a type of financing offered by Fannie Mae and is exclusive to REO properties owned by Fannie Mae. If you need any help or have any questions, feel free to email.

Thanks, have a good day!

John Barry
DRE #01856079
Coldwell Banker Residential Brokerage
Sherman Oaks, CA
Cell: 323-810-7976
Email: john.barry@coldwellbanker.com
Facebook: http://www.facebook.com/RealtorJB
Twitter: @RealtorJB
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0 votes 3 answers Share Flag
Mon Mar 21, 2011
Richard J. Allen answered:
If you are looking at the MLS number it means it is listed with a local broker. All Southland Regional Association of Realtor listings begin with an F. Other letters or no letters indicates a broker listing in another associations MLS.

I hope that clears this up for you!

Richard J. Allen
Absolute REO Properties, Inc.
661-252-2227 Direct
www.AbsoluteREO.net
AbsoluteREO2@att.net
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0 votes 3 answers Share Flag
Sat Dec 4, 2010
answered:
The deals can be anywhere. Not necessarily in one particular area of Canyon Country/Santa Clarita. Some communities do present great buying opportunities, but there are too many to name, here. I'd suggest looking at high inventory communities where sellers are competing with each other to win over buyers (ie larger condo communities and housing developments). Some of the best deals are short sale homes. In order to get those deals however, you have to have a lot pf patience and time available, as those sales can take months to complete in some instances. Santa Clarita has a pretty low inventory of bank owned homes for sale, however deals can be had there as well. The best part of being a homebuyer in Santa Clarita right now is that competition is very low, amongst other homebuyers right now. That means, potentially, less multiple offer situations. If you're an all cash homebuyer, that could open up the door to other "deals" and opportunities as well on fixer-type homes for sale. Check out our awesome Santa Clarita real estate site - linked below - to check out what's for sale. It's always updated. Good luck! ... more
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Thu Mar 25, 2010
Monique and Joe Carrabba answered:
Hello Peque,

That's a great question. You can check https://entp.hud.gov/idapp/html/condlook.cfm to confirm if a building is FHA approved.

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
(323) 899-2900
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0 votes 2 answers Share Flag
Sat Feb 13, 2010
Howard Nobody answered:
It really depends on how you feel...and how loyal you want to be to your original agent. I assume that you did not sign a Buyer's Exclusive Agreement, which allows you to work with any number of agents.

Did you see this condo at an open house without your agent present?

Was this other agent showing you their new condo listing?

If either of these are the case, you should have merely mentioned to the listing agent that you already have an agent that you are working with. If you are serious about placing an offer on this new condo, then you have a decision about who you would like to represent you in the transaction.

You do not need to use any agents that you do not choose. I am available if you need a second opinion on anything. Best of luck to you!
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0 votes 5 answers Share Flag
Mon Mar 21, 2011
Merlin Barrientos answered:
Hi Teresa,


Well association fees may vary, from 150+ to 250+ and more.

Are you pre-approved yet?

If you are not yet working with any agent yet, I can gladly send you a list, of condo's/townhomes.

I wish you the best in finding your home!

Merlin Barrientos
Realtor Associate
Keller Williams Realty
cell 661 713-8780
merlin1@inbox.com
dre01761948
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0 votes 2 answers Share Flag
Mon Jan 4, 2010
Howard Nobody answered:
I do not know specifically what the rental rates are for that neighborhood. However, below is a good link for rentals in Santa Clarita. You will be able to gauge where rents should be. I assume that you are buying this for an investment. Please let me know if I can assist you further. Good luck!

http://www.scvleasing.com/scv-leasing-rentals.asp
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0 votes 2 answers Share Flag
Sat Aug 8, 2009
Renee Page answered:
Hello Roe,
Canyon Country (Flo Lane condos) is part of Santa Clarita, which has consistently been rated by the FBI as one of the top 10 safest areas in the United States for towns with over 100,000 in population. No place in the US is perfect. Lock your car and home as you would anywhere else and I hope you will be very happy! Are you buying on Flo Lane or renting? If I can help you in anyway let me know. Take care- ... more
0 votes 5 answers Share Flag
Mon Apr 23, 2012
Joel Javan answered:
Property taxes are based on the appraised value and has nothing to do with sales price or listing price.

Your property tax due is composed of several parts, the part that is the Genral Tax Levy is limited to a maximum of 1% of the assessed value of your property and can be no more than 2% greater than the previous year's tax bill.

Go to this link below to read more FAQ's about California Property Tax.
http://www.californiataxdata.com/A_Free_Resources/faq.asp

What part of Santa Clarita are you looking at? Give me a call and I can assist you in your new home search.

Have you been pre-approved for a loan? I work closely with a Loan Consultant who can assist you in getting pre-approved.

Good Luck!
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0 votes 8 answers Share Flag
Mon Oct 27, 2014
Keith Sorem answered:
Beau
I have a great referral for you.
Tricia La Motte 661-259-6154
info@scvhomepro.com
0 votes 10 answers Share Flag
Mon Jul 21, 2008
John L. Cresie ABR,SRS,RCC,CNHS answered:
Dear Beau,

There is no standard time line that you can count on to expect to hear back on offers on "Short Sales". Each Short Sale situation has it's own unique set of circumstances surrounding the sale and the principals in the transactions differ from sale to sale. Individual circumstances may include unmotivated sellers, inexperienced agents and lending institutions that are swamped with foreclosures and are in the process of being downsized themselves.

The standard answer that I give my clients when we discuss the possibility of submitting a Short Sale offer is that they can expect an answer back in "Two". The answer may come back in, "...Two weeks, Two months, To never"! Having said that, Short Sales can offer buyers a great opportunity to purchase a home below market value. If you are the seller placed in the position of going through the necessity of a Short Sale, the Short Sale can assist you with removing yourself from the negative consequences of a foreclosure. While a Short Sale will certainly bruise your credit, a foreclosure can damage your credit rating for years to come.

My recommendation is to work with a real estate agent that has specialized training and knowledge in the completion of Short Sales. They will have the experience to work through the issues that surround the Short Sale process and to advise you during the course of the transaction.

Good Luck!
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0 votes 3 answers Share Flag
Sun Mar 30, 2008
L.A. Real Estate Group answered:
Hi Sharon,
We have many foreclosures and short sales available. Those are not the only/best deals around. We also have many greatly priced fixers as well as very motivated sellers, when put together can be an easier purchase and a better deal than a foreclosure.
Please feel free to serach the MLS thorugh our sight, as well as click on the foreclosure link to view a weekly updated list of foreclosures sorted by zip code. (www.myLARealEstateGroup.com)
Feel free to contact us with any other questions you may have.
Good Luck to you,
Lou & Alex
LA Real Estate Group
info@myLARealEstateGroup.com
www.myLARealEstateGroup.com
... more
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