There should be more inventory coming this summer, but the market is on FIRE right now with most propeties getting multiple offers and ALL CASH offers. Get yourself a great Realtor now so that they can explain what is going on and what strategies to use going forward.
Joe Homs, Realtor,
Most likely no. There are homes like this of various types all over and most don't even know they are there. Besides that, never had a buyer say "no, not this neighborhood, there's a ___ home nearby"... more
Yes and No.
Yes : The listing agent should present the offer to the 3rd party involved ( the bank/s). Wait until the bank counters and let you know about the counter offer.
No: If you send a low ball offer and the listing agent knows that you are not even close to the fair market value, the listing agent might be reluctant to send your offer and take the property out of the market for 1 to 3 months until the bank counters when she or he knows that the bank will come with a counter offer much higher than your low ball offer.
Unfortunately there is no legislation on Short Sales only a set of programs, process, rules that sometimes are bent or adapted.
At the end the bank is always going to try to get a Fair Market Value and that your Buyer Agent can have it if he does a BPO (Broker Price Opinion) or even a simple CMA.
What is your agent advising...keep in mind that if the seller is conducting a short sale, he/she may not have extra money, but you can try asking; to consider, since it's up to the lender to decide to accept, reject or counter offer, not sure the lender would be willing to grant a warranty plan if included in your contract, as short sales are sold as is.... more
It's absolutely possible. However they will not only consider his income, they will consider his liabilities. I can help with qualification as well as the sale of your current home. Please call if I can be of help. 949-235-5412... more
Are you talking about the small ones that just have people living in a home within the neighborhood? Most likely not at all. Unless there are constantly people coming and going and crowding up the street so there is no parking. I can't think of any reason a buyer would have a problem with a house being used in that manor as long as it was taken care of as well as the other homes in the area are. Are you having trouble with one in yuor neighborhood?
Prudential CA Realty
There are many nice areas in Fullerton! Need a little more info. What type of home are you looking for? Vintage, Newer construction, custom, the city has so much to offer. What price range? I think you would benifit from a buyer consultation with an area agent. feel free to call.
Prudential CA Realty
I can tell you that in the State of Texas, lease to purchase options do exist and they are not a scam. I have seen a few of them, but you have to make sure that the contract is exacting. You would hate to enter into a lease to purchase and find out at some point that the owner has changed his/her mind about selling to you. I would suggest to you that if you do go this route, have the papers looked over by a real estate attorney. Realtors do not give legal advice and here in Texas, it is best to have an attorney draw up these kinds of documents for this particular type of deal and would imagine that in CA, or anywhere else, having an attorney assist you would be in your best interest.... more
I've never run across that either and I don't know about the Tax credit on that specific situation with the failed loan mod and foreclosure. You should check with your CPA and see what he says. When you find out, I'd love to know. I'm glad to hear that the seller is going to finance them on the mobile home. Good for them!... more
Yes...you have recourse. You need to confirm all the facts with a real estate attorney, since I am not a lawyer. But since the neighbors mentioned to you that the sellers had this type of problem, then it's clear the sellers knew about it in advance, and it should have been disclosed, especially since it's such a large cost.
I would start by asking your Realtor to reach the seller's Realtor and ask for compensation. Then your agent can advise you on what to do next. The money they gave you for "plumbing repairs" does not take away their obligation to tell you all the problems with the home and this clearly is one.
Good luck with this....if you can't get an immediate result from the sellers...get an attorney's advice.