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Home Buying in Fresno : Real Estate Advice

  • All402
  • Local Info27
  • Home Buying153
  • Home Selling23
  • Market Conditions7

Activity 118
Sat Oct 15, 2011
Trang Beuschlein answered:
Did you talk to your real estate agent about the refund of the appraisal and earnest money? What did he/she say? Make sure you have it all in writing. You may need to hire an attorney if your agent cannot help you. I wish you best of luck!

Trang Beuschlein
San Jose CA Real Estate Agent
CA DRE License # 01453711
... more
0 votes 2 answers Share Flag
Mon Dec 5, 2011
Joseph Aspelund answered:
I would consult an attorney. The listing agent shouldn't have the right to cancel the sale - only the seller and buyer have any rights to cancel a deal.
0 votes 7 answers Share Flag
Tue Oct 18, 2011
Joe Cusumano answered:
Trish,
It is easy to go back on title. Prepare all the paperwor so when it closes you can be put back on title.
0 votes 6 answers Share Flag
Mon Aug 1, 2011
Ron Thomas answered:
Henry,
The best answer I can give you, it to repeat my Blog about LISTING PRICE:

LISTING PRICE

Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.

Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”

Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)

We have found that extremely often, the LISTING PRICE that is set on SHORTSALES and REO’s are not determined, nor even discussed with the Bank: The banks play their cards very close to the vest, they will not tell the Listing Agents any more than they have to; they will not give us their lower limits. So usually, the LISTING PRICE on a distressed property is a number taken out of the air.

If you are considering a property, have a Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. If you look at enough CMA’s, you will see the trends.

When you look at a particular house, you will need more information to determine the relevance.

I would be happy to email some possible houses to you, or, if you have something in mind, I will research it for you. As you wish.

Please let me know how I can help you.

Thanks,
Ron
... more
0 votes 2 answers Share Flag
Thu Apr 9, 2015
Karen Parsons Fiddler answered:
Hi,

When you wrote the offer, did you ask the seller to pay/repair termite damage found in the garage? There is a form you can use to ask this in the offer...right up front. Ask your agent. If you already did agree to this, then they will get it fixed and provide you a clearance from a termite company prior to the close.

If this is just informational and you did not already ask for these repairs...then you can ask now. Everything is negotiable..so your agent can prepare a Request for Repairs and send it to the sellers...include this in that request.

Hope this helps.....

Karen
... more
0 votes 7 answers Share Flag
Tue Oct 18, 2011
Ron Thomas answered:
We have a lot. Having lived in one, there are a lot of "Caviats" if I were your Agent: First of all you will have an HOA fee, which can be anywhere from $100 to $250 per month, in addition to your Mortgage. This will pay for things such as Streets, Landscaping, Clubhouse, Pool, Common Roofs, etc. Second; you will have a Homeowners Association, which I will not comment on. Thirdly, you will be close to your neighbors; which I will also not comment on. This is the ultimate example of a case where the Buyer should walk around and knock on the doors of prospective neighbors, asking them about living there, BEFORE they buy. This is the voice of experience talking. ... more
0 votes 3 answers Share Flag
Fri May 20, 2011
BG answered:
Mon Apr 4, 2011
Anna M Brocco answered:
Due to privacy reasons, not sure an agent will post an owner's name on an online public forum; you can however check local public records, ask a neighbor(s), ask any agent offline.
0 votes 0 Answers Share Flag
Fri Mar 4, 2011
Thierry Abel answered:
No new taxes have been added at time of purchase (there is a transfer and/or city tax but this has always been there and it varies of the city/county the property is in),

Feel free to call me I can tell you what they are in your area

Thierry

Thierry Abel
Senior Loan Consultant
By Referral Only
All California Mortgage, Inc
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
E: tabel@allcalifornia.com
... more
0 votes 6 answers Share Flag
Fri Apr 8, 2011
Melanie Garabedian answered:
Do you need a lender? I can help you find a great one? Please feel free to call me 559-270-8078
0 votes 5 answers Share Flag
Wed Jul 6, 2011
Tony McMahon answered:
Check with a local Lender to see if some type of construction loan might be available.
0 votes 7 answers Share Flag
Mon Mar 7, 2011
Faith Greenwell answered:
Joseph, I think that's a great idea! As someone who is currently selling and buying, I would like that service.
0 votes 1 answer Share Flag
Wed Oct 20, 2010
Loan Do answered:
Short sale will continue as they run an entirely different division of the same firm. Traditional sales are not going to increase because of REO shortage but rather continue to by those who require downsizing or driven by the usual circumstances. The effect of REO, in the long run drags the short sale (before deciding to foreclosure) and REO inventory itself out longer, some predict another 3-5 years of inventory. Although it's better for the banks to come up with a more stringent procedure they are more concerned with lurking lawsuits and will take the necessary time to plan it out right including possible beta test. For your case, you should continue to look for opportunity in your area, when the price, time and affordability for you is right. ... more
0 votes 6 answers Share Flag
Tue May 31, 2011
Debra (Debbie) Rose answered:
Yes.....The tax credit has to be repaid if you sell within 3 years, unless you have a loss on the sale.

For definitive tax advice, however, I suggest you check with a tax preparer.
0 votes 8 answers Share Flag
Wed Aug 18, 2010
Robin Silverberg answered:
Tue Feb 8, 2011
Mark Overholtzer answered:
I would love to help, but could you clarify your question for me. Do you need a real estate agent or a mortgage lender, or both? Let me know moverholtzer@londonproperties.com
0 votes 3 answers Share Flag
Mon Aug 2, 2010
Ryan Smith answered:
Hi Toofunchunn,

Credit score is not the only thing a lender will look at to determine if you qualify for a loan, other factors such as employment, debt to income, and payment history will all come into play. Contact a local bank or mortgage broker in your area, it's free and can take minutes.

Good luck!

Chris Blasic
Realty World & Associates
... more
0 votes 1 answer Share Flag
Tue Jul 13, 2010
Gregorio Denny answered:
Yes, the GFE is only good through the date and time stated on Page 1, line number 1. For a complete walk through of the GFE you can read "Understanding the Good Faith Estimate at the link below.

Gregorio Denny
Tripoint Mortgage Group, Inc.
800-335-6897
... more
0 votes 2 answers Share Flag
Fri Jun 10, 2011
Jennifer Howell answered:
Ask the seller for an extension and explain what is happening. Sometimes it helps to get your lender involved and find out what the hold up is. You can get your loan agent to write a letter of explanation why there is a hold up and submit that along with the request for extension. Depending on the contract you're in, there may be daily charges for any delays in closing escrow on time...talk to your agent to find out what options you have. ... more
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