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94124 : Real Estate Advice

  • All19
  • Local Info0
  • Home Buying8
  • Home Selling0
  • Market Conditions1

Activity 2,650
Tue Feb 19, 2013
Gregory Karr answered:
Since you registered on Trulia it would stand to reason that you have a computer.
0 votes 6 answers Share Flag
Sat Feb 16, 2013
David Rudd / Kindred RE answered:
Each State and County varies. Typically you can obtain a list of properties set to be auctioned by the lender. These auctions typically take place on the steps of the courthouse. MOST auctions require full cash (no financing, or showing up with a pre-approval letter). Typically, the buyers will have never seen the inside of the home. It is very high risk, but can have high rewards.

Hope this helps.
... more
0 votes 3 answers Share Flag
Sat Feb 16, 2013
Jed Lane answered:
TOP can be measured in so many different ways that it can be meaningless or meaningful. You've named two different areas only.
Brokerages will tout themselves as the top this or the top that just as agents do. Some of those top markers are organic and some are paid for.
My question back to you Tommy T is what about the top means something to you? Is it more important to work with a brokerage that sells the most mansions and therefore has the highest sales volume or a brokerage that has the highest number of transactions because they have the highest number of agents? How about the highest number of transactions per agent or the highest dollar value per agent? Is it important to work with a Trulia agent who pays for the "pro" label or someone who earns the "VIP" label? Do you trust Yelp even though they adjust the algorithm with paid advertisements?
Trust is the most important question here. Just about everyone says they are number one at something. Assuming that you are trying to find an agent to work with, it is still best to ask friends and co-workers for references and then interview them to find one that you trust, one that will answer every question clearly and concisely, one that you trust to represent you above themselves with honesty and integrity. One that isn't going to use you as a further stepping stone to being number one in some category!
Anyway what category of number one do you want, any agent can run you the stats from the MLS.
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0 votes 1 answer Share Flag
Mon Feb 18, 2013
Robert Spinosa answered:
Alison,

A mortgage loan originator is defined as one who, for compensation or gain (or in the expectation of...), takes a residential mortgage loan application or offers to negotiate terms of a mortgage loan.

This individual may work for either a bank or a brokerage (or an institution that faciliatates both banking and brokering of mortgages, such as RPM).

Rob Spinosa
rspinosa@rpm-mtg.com
415-367-5959
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0 votes 1 answer Share Flag
Mon Feb 18, 2013
Barbara Grandolfo answered:
That's probably a question best answered by the buyer's tax professional.
0 votes 4 answers Share Flag
Sat Feb 16, 2013
David Rudd / Kindred RE answered:
Hi - in order to truly answer this question more information is needed. Is the purchase price enough to pay off the significant mortgage? If yes, than this would be a 'typical' transaction.

If not, than you may be looking at a short sale situation. This is, the seller must have their lender approve of the sale and agree to accept less than the full balance of the outstanding loan.

The seller and their agent would begin discussions with the lender.

Hope this helps!
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0 votes 3 answers Share Flag
Tue Feb 26, 2013
Michael Young answered:
Mon Mar 4, 2013
Alison Hillman answered:
Hi Soy,

Sounds like you have a lot of questions and might want to work with an agent, take a look at the listings available on Trulia: http://www.trulia.com/voices/directory/San_Francisco-agent--33063

Hope this helps!
Ali, Community Manager
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0 votes 1 answer Share Flag
Thu Feb 14, 2013
Gabriel Rojas answered:
Believersneverdie149:

First, congratulations on getting into your Grad School program! That's a great thing.

You are right about the price differences between Berkeley/Oakland and San Francisco. They can be very different but that is not say that you won't be able to find something in SF with your current budget. Because your question doesn't state your budget I'll just stick to basics.

I would first suggest using Craig's List. That is our go-to resource for just about everything in SF and rentals are definitely no exception. If that doesn't work, there are plenty of rental/leasing agents or companies that can assist you. I have a rental division at my firm but they typically lean toward the luxury sector. I'm happy to refer you to some others if you'd like.

Wherever you end up, I wish you the best of luck in your upcoming program!

Gabriel
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0 votes 1 answer Share Flag
Wed Feb 13, 2013
Thierry Abel answered:
There should be some areas of your credit report that can be fixed or improved. You might want to talk to your mortgage broker/lender and they should be able to lead you through it.
0 votes 4 answers Share Flag
Wed Feb 13, 2013
Cindy Davis answered:
One good reason is that it costs them money to use credit cards so in essence, they are getting less money...
0 votes 1 answer Share Flag
Thu Feb 14, 2013
Tina Lam answered:
The simplest way is to pre-pay for a full year of rent. There are lots of other ways that can work too.
0 votes 1 answer Share Flag
Wed Feb 13, 2013
Sybil Archambault answered:
First of all a realtor will know exactly at what price to set the rent. Secondly we have the resources to list the rental everywhere including and especially on the MLS, thus expanding the potential to find a tenant through all the Realtors in the area...if the property is priced correctly a Realtor will be able to find a tenant in a week to 10 days. ... more
0 votes 3 answers Share Flag
Wed Feb 13, 2013
Helen Yuen answered:
There is a helpful web site worth checking out...
www. parkopedia.com/parking/neighborhood/Russian -Hill-San Francisco-CA
0 votes 1 answer Share Flag
Wed Feb 13, 2013
George Wolff, Esq. answered:
I believe that if you are the tenant being bought out, the proceeds may be taxable income to you.

If you are the landlord buying out a tenant. the payment might be a deductible business expense.


Please consult a CPA or tax attorney for definitive tax advice, however
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0 votes 1 answer Share Flag
Wed Feb 13, 2013
Jed Lane answered:
The answer is going to be in the lease that was used when tenancy started. Most standard leases have a clause that states like the California Association of Realtors lease "All or any portion . . . may be used to cure Tenant's default in payment of Rent . . . ... more
0 votes 3 answers Share Flag
Thu Feb 14, 2013
Cindy Davis answered:
Generally speaking, if something is too good to be true ---- it's too good to be true. I's good to be cautious.
0 votes 3 answers Share Flag
Mon Feb 11, 2013
Jed Lane answered:
We have a lot of scams being foisted off on tenants. Be very careful of any opportunity that sounds "delicious". Never ever send any money to anyone till you've seen the place with the manager or owner.
If that isn't possible then work with one of the rental agencies like Wavro or contact Eric Baird at ReListo.
This area is almost as bad as the Nigerian Prince scams.
The prices you quoted are about what I'd expect.
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0 votes 2 answers Share Flag
Sun Feb 17, 2013
Lance King answered:
If you end up coming to San Francisco I think you should definitely rent first if you don't know the area. There are lots of different neighborhoods and lots of different micro-climates, so lots of choices. Prices are also very high right now so I don't think you will hurt yourself by waiting, and you don't want to purchase before you learn the city only to find out you blew your choice.

What I would do is get a handle on what you think is your optimum location to buy and then rent there, checking out other neighborhoods while you're living there to make sure. Although your purchase is off in the future, me or one of my team could show you around to give you some ideas - we work with a lot of out of area clients. In case you don't like the weather or the prices, we also work in surrounding areas and can help you figure out which of those might work as well.

If you want to drop me a line (contact info below) with your price range and size criteria I can tell you if the city will work.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
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0 votes 9 answers Share Flag
Sat Feb 9, 2013
Gabriel Rojas answered:
Hello india19723,

First, are you looking to buy in Florida or in San Francisco?

Second, do you have a lender that you are currently working with? If not, I have a great team from almost all of the major lending institutions and will refer you to some or all by request. A person trained and licensed in finance would most definitely be the person you'd want to speak to about your options.

Good luck and write me directly if I can assist you further.

Gabriel
... more
0 votes 1 answer Share Flag
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