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La Palma : Real Estate Advice

  • All15
  • Local Info2
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 15
Sun Feb 17, 2013
Keith Jones answered:
Most Real Estate website show homes that are listed. This means that the seller has hired a real estate agent to list their home in the Multiple Listing Service (MLS). The Auction website, on the other hand, shows homes that are "scheduled" for public auction. I say scheduled because many of the sales are postponed on the day of the auction. ... more
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Thu Jun 26, 2014
Todd Foust answered:
I have no idea about a forecast for 3-4 years out. Impossible to predict, although I'm sure opinions are abundant. Down payment minimum right now for FHA is 3.5%
0 votes 3 answers Share Flag
Tue Jul 1, 2014
Terry Farnsworth answered:
Generally, you should be eligible for a mortgage 2 years after a short sale. You'll want to check with a lender for the specifics and requirements. Next, if you want to buy the house you are renting - the owner will have to A. "want" to sell it, and B. "be able" to sell it. If there is a sizable loan outstanding on the property, the owner may be renting it out because he/she can't sell it for enough to satisfy the remaining balance.

Regardless of if you convince the owner to sell you the property you are renting, you'd still have to qualify for and obtain the financing (unless the owner will finance you) to ultimately pay for it. Hope that helps!
... more
0 votes 6 answers Share Flag
Thu Jul 3, 2014
Thom Colby answered:
If that's what you want, then at the beginning of the lease term and within the Lease you should spell out the terms under which you would buy and the seller will sell. "Lease-Option". This way you set the price and terms now and there will be no question later.

Good Luck !
... more
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Mon Nov 17, 2014
Tim Moore answered:
I am not familiar with any FHA program requiring .5% down. Normally it is 3.5% which is still incredibly low.
0 votes 8 answers Share Flag
Sun Dec 9, 2012
Christopher Pagli answered:
Hi, it could be 2 or 3 depending on the reason. The minimum down payment is 3.5% and technically the minimum credit score is 580 but finding a bank that will fund under 620 is hard these days. ... more
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Wed Dec 5, 2012
Mahesh Mike Patel answered:
absolutely... not all foreclosures are fixers or bad apples!
good luck
0 votes 7 answers Share Flag
Wed Dec 5, 2012
Jeremy Lehman answered:
Do you mean move-in condition foreclosures? Many foreclosures have been refreshed by the bank or corporation with new carpet and paint. Especially HUD homes, available at www.homepath.com or from your agent. The downside is with such low inventory, these homes sell very quickly, usually just a few days. ... more
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Tue Jul 22, 2014
Scott Godzyk answered:
The person you should be asking is a local and trusted loan ofiicer who can look at your credit and financials to see what programs you quailfy for. They then can outline what you will need to put down in order to reach your goal. ... more
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Thu Jul 3, 2014
Joe Van Fossen answered:
If you'd like, you can sign up on my site for a listing alert on any rental property that comes on the market in La Palma or Cypress. Link below.
0 votes 3 answers Share Flag
Thu Jul 3, 2014
Alex Montelongo Real Estate Group answered:
It just varies. There is no time of year where there are more rentals or less rentals. There are rentals coming on the market every day so you will have to keep your eyes and ears open. Your best bet against scammers is working with a Realtor. There are a ton of false listings and garbage that can be found online.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 1 answer Share Flag
Fri Nov 9, 2012
Joe Van Fossen answered:
This listing is still active. It will be available starting December 15th, and the security deposit is $2000.
0 votes 1 answer Share Flag
Tue Apr 26, 2016
Alison Hillman answered:
Hi there,

Here is some information about crimes in the area, http://www.trulia.com/real_estate/Martinsville-Virginia/community-info/

Please let me know if you have any other questions, I am happy to be a resource!

Ali, Community Manager
... more
0 votes 5 answers Share Flag
Fri Oct 19, 2012
Thom Colby answered:
In terms of safety, vandalism and crime, you should check with the local police department. As for bar on the windows, make sure they have "quick-release" mechanisms on every window so that they can be opened for escape in the event of a fire. ... more
0 votes 6 answers Share Flag
Thu Jun 4, 2009
Karen Parsons Fiddler answered:
Hi Frank,

The difference between those two premiums is probably very little per year. I would opt for the higher amount, just to be safe. The best way to compare insurance costs is to ask each to tell you what they would charge for the same coverage....for instance ask AAA what they would charge you for $205,000. Also, don't forget that the insurance company who gives you your auto policy will offer a discount for an additional policy. So ask about those discounts too.

Karen
... more
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