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Escondido : Real Estate Advice

  • All188
  • Local Info10
  • Home Buying53
  • Home Selling8
  • Market Conditions3

Activity 94
Mon Aug 16, 2010
Joe Nernberg answered:
Are you certain your real estate contract did not stipulate a pest inspection? If there is damage, it's because the wood rot was poked to determine the extent of damage. This is very common. Not so common is a Realtor who does not explain this in advance. ... more
0 votes 7 answers Share Flag
Wed Oct 20, 2010
Felicia Grady answered:
If you want the information for the purpose of determining the approximate market value of your own home, the best way to get it would be to contact an experienced Realtor who specializes in your neighborhood. They can search the MLS for raw data on home that are available, in escrow, and recently sold. Then they can compare the raw data against your unique property, taking into consideration variations due to location, square footage, upgrades, types of sale and other factors that are not obvious by looking at raw statistics. For example, one of the homes on your street may have sold at an unusually low price because it was a foreclosure with the kitchen ripped out, or perhaps it was a family-to-family sale. You should be able to easily find a Realtor to perform this service to you at no charge.

On the other hand, if you just want raw information that has not been analyzed, you can find it yourself on a public website such as Zillow.
... more
0 votes 11 answers Share Flag
Tue Sep 7, 2010
Joan Wilson answered:
You should always do improvements that you want. You will enjoy the improvements, but will you get $75,000 more for your house??? Very simply no. Will you enjoy the improvements for 3 years? You will have to answer that. Will your house be worth more than it is now? Yes...just not $75,000 more because of improvements.

Let me know if I can help you in any way!


Joan Wilson (Realtor, SRES, Ecobroker)


California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
Fax: 760-946-7894
JoanWilson@prusd.com
License # 01341483

It is my Goal to Increase the Success and Profitability of Those I Serve

Find your Dream Home:
http://JoanWilson.PrudentialCal.com
... more
0 votes 5 answers Share Flag
Mon Jul 19, 2010
Gregorio Denny answered:
Assumability is an excellent selling point for FHA loans. Who knows what the market will be like in the future, but the ability to offer an assumable FHA loan at a lower than market rate is a great plus.

Make sure you get a few more quotes on your FHA loan, 4.75% seems high based on current rates unless it includes all your closing fees.

Gregorio Denny
Tripoint Mortgage Group, Inc.
800-335-6897
... more
0 votes 2 answers Share Flag
Fri Jul 9, 2010
Ricki Lynn Miller answered:
Hi Rick,
That would be 1768sqft at a price of $171.61 a square foot. If you have any other questions, you can reach me at 760-466-1877.
Thanks for posting on Trulia.

Ricki
0 votes 3 answers Share Flag
Tue Jun 15, 2010
Voices Member answered:
Yes, I know of 2 units in Escondido. Both 2bd/1ba

Bonny
First Team Real Estate
760-807-1900
realestate4u@cox.net
License #00346809
0 votes 2 answers Share Flag
Thu Jul 9, 2015
Sean Dawes answered:
Tue Jul 20, 2010
Scott Godzyk answered:
Rick the simple answer is NO. Only 1 in 4 short sales get approved by the sellers bank. They take 3 to 6 months and that leaves alot of unhappy and stressed out people.

REO properties are a better deal because tha bank has already taken them back. they have cleared the title, they have cleaned teh house and readied it for sale and it is priced at or below market value. When you make an offer, in most cases you will get an answer in 1-2 days not months. Then teh property can close as soon as you are ready, not in 3 to 6 months and that is a maybe.

Just remember, although advertised as an approved short sales, short sales are not approved unless you have it in writing from the bank, not just the seller.

Good luck with your search
... more
0 votes 10 answers Share Flag
Thu Apr 29, 2010
Realtorgirl answered:
You can get a copy from your home owners insurance company. If they don't have one, ask them how can they charge you the correct premium with out it.
0 votes 1 answer Share Flag
Sun Nov 22, 2015
Anna M Brocco answered:
Why not visit with any qualified loan officer(s) and see exactly what your budget can handle and check that score again--your officer may have suggestions on to bets improve your credit in the fastest time. FHA loans do require a minimum credit score of 620 and 3.5% down--there are some lenders that will allow 580 with 10% down, however the interest is higher--your loan officer will best advise you. ... more
0 votes 7 answers Share Flag
Thu Apr 29, 2010
Robert Greenblatt answered:
Hi Mariela. The best thing to do is speak with a mortgage professional. He/she can advise the best program for you. Payments on any home will vary based on a lot of factors including:
~ Amount of loan
~ Down Payment
~ Interest rate
~Term of loan

After you have an idea of what type of program you will be using, you can easily use any of the readily available mortgage calculators. There is probably one right here on Trulia!

~Robert Greenblatt
Keller Williams
Cherry Hill, NJ
... more
0 votes 2 answers Share Flag
Thu Jul 28, 2011
Jacqueline Walker answered:
Rick....you can find average rents by zip code on the Redfin site. If you want neighborhood specific information, your agent can run reports directly out of the San Diego Multiple Listing Service or can set you up with a web-based account that you can use to access more specific information. ... more
0 votes 5 answers Share Flag
Tue Jan 26, 2010
Diane Conaway answered:
If no one purchases at the trustee sale, it will go back to the beneficiary (bank) and it will come back on the market as an REO (real estate owned) or foreclosure. The same answer will apply though that cash offers would be preferred even if they are substantially less than you might be willing to pay. Some banks are fixing up properties these days to get them move in ready but I doubt the bank would do anything to this one. Although they are exempt from disclosures, it would be too risky for them to attempt a fix. By the way, I had a cracked slab house one time, but my husband's a general contractor so we fixed it. It was disclosed to the next buyer as well. There are degrees of cracked slabs from a minor crack to a slipped slab but just the words "cracked slab" scare most people. Truth is, concrete cracks! There will be many more choices for FHA financing on homes once the 90 day antiflip rule goes away on Feb. 1st. Hang in there! You'll find just the right home for you. ... more
0 votes 1 answer Share Flag
Fri Feb 12, 2010
Diane Conaway answered:
Hi Rob,

I hate to be the bearer of bad news but it is not very likely that you'll be able to buy it with an FHA loan. There is a rehab program with FHA called the 203 program, but the seller's bank would rather sell it for less for cash. If they don't accept the short sale, it will sell at the trustee's sale for cash and a contractor/investor will mostly likely buy it, fix the slab and flip it back onto the market at close to market value. Most listing agents aren't keen on the 203 program because it requires add'l inspections, higher costs and therefore more chances that you'll decide you don't want the house. A fast close for cash beats out a prolonged escrow with lots of inspections for a house that has issues. Best of luck to you! ... more
0 votes 7 answers Share Flag
Wed May 19, 2010
Jenny A. Le answered:
Bankruptcy is a negative mark on the credit reports and it stays on record for 7 years. NO credit is better than late payment history. A steady job history is good, however, stability of the current job is equally important because the banks look for repayment from your "future" income.

Are you filing chapter 7, 11 or 13? There are differences between the filings ... for the sake of simplicity: 7 = liquidation, discharge of existing debts | 13 = repayment of all or part of the debts | 11 = reorganzation. Are the debts under "both" of your names? Is there a possiblity to concentrate the debt to just one of you to take the bankruptcy hits, while allowing the other person credit remain undamage?

I suggest you work with a non-proft credit counseling agency (http://www.credit.org/about/Locations, there are others so please furhter research) and they will help you to create a plan to get you and your husband back on track to recovery.
... more
0 votes 3 answers Share Flag
Thu Dec 31, 2009
Bill Eckler answered:
P,
The best resource for issues of neighborhood safety is the local polce department or the county sheriff's department. They have access to the most current and accurate information and are generally willing to be helpful.

Good luck
... more
0 votes 2 answers Share Flag
Thu Jul 30, 2009
Chris Keller answered:
Call Mary Anne with Point Mortgage Corp at 858.688.9026 and then you can visit our real estate website below to set up a property search.
0 votes 2 answers Share Flag
Wed May 19, 2010
Diane Conaway answered:
Hi Beth,

Did you know you can talk to your lender directly about a loan modification? There are many companies now springing up that want to help you with a modification with many charging an up front fee. Some are very high. A simple phone call to your lender can get the modification started. They are the best ones to answer your question. Good luck! ... more
0 votes 2 answers Share Flag
Sat May 1, 2010
Raana Jamshide answered:
Yes it is true, Some time with tenants that are not cooperative in showing the home you would make an offer contingent on seeing the property.

Good luck,
0 votes 7 answers Share Flag
Sat Apr 12, 2014
Diane Teti answered:
The market is beginning to settle down. With the inventory being sucked up, summer around the corner will stabilize the market a bit. There is still a stream of short sales and foreclosurers do to hit, but there are pleanty of buyers out there. You might want to visit a website called www.EscondidoPropertyValues.info
and keep an eye on how your personal market area is reacting.
... more
0 votes 11 answers Share Flag
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