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Modesto : Real Estate Advice

  • All430
  • Local Info38
  • Home Buying143
  • Home Selling25
  • Market Conditions16

Activity 239
Sun Jan 16, 2011
Diane Van Slyke answered:
There is a mix of rent by owner and property managements, on Craigslist.com (Modesto). Is there a reason you aren't considering owning? Owning is equal to renting these days, and there is a nice downpayment assistance program in Modesto.
Let me know if there is any way I can assist.
Diane Van Slyke
KELLER WILLIAMS REALTY
209-681-4275
email: ib4u@kw.com
... more
0 votes 3 answers Share Flag
Tue Dec 28, 2010
Rocky G.H. Hawrysz answered:
Hi Suzanne,

In November there were 692 homes For Sale in Modesto on market, 307 Pendings and 218 Sold. I would presume nobody really has an answer to your question. However, I would assume people move out of the area, moved in with relatives, moved into rentals and had parental assistance to purchase a replacement home. There is also a certain capacitance in the market that is very difficult to determine (capacitance meaning, "empty homes.") I'm not sure what you mean the "rental market is at an all-time low"? Rental costs seem to be very stable, however because of new investors coming into the market and existing investors expanding their inventory, there will be more competition.

Did you have an issue finding a rental or trying to rent your investment?

Rocky G.H. Hawrysz
Prudential California Realty
P:(209) 444-6610
F:(209) 433-2000
rocky@prucalifornia.com
www.TeamHawrysz.com
Lic: 01468373
... more
0 votes 2 answers Share Flag
Thu May 26, 2011
Andy Del Real answered:
Amanda

The best advise I can give you as a landlord and property manager is to be upfront and honest about your eviction. Also try to do your best to explain the situation that orruced leading to the eviction. Let me know what size house (# of beds and baths) you are looking form, your monthly price range, and location you are looking in and I will try to help the best I can. Feel free to call me anytime at 209.204.3963 or email me at home@andydelreal.com

Sincerely,

Indalecio "Andy" Del Real III
209.204.3963
... more
0 votes 4 answers Share Flag
Fri Nov 5, 2010
Purpledew answered:
Thu Nov 4, 2010
Elizabeth Herbert answered:
There are many reasons to do a Short Sale, but the most common one that I've seen has been that the house cannot be sold for what is owed because the market won't support that price. ... more
0 votes 4 answers Share Flag
Sun Oct 17, 2010
Monir Mamoun answered:
Not really frozen Richard. Foreclosure freeze is not having much affect because it's a delayed effect anyway.

FHA is exploding right now, and HomePath options are pretty popular too.

In fact anyone with decent credit, certainly 620+ with an decent income, is pretty much able to get into a variety of good situations these days.

Main impact will be in the next year or so as this so call "freeze" begins to unfreeze and the shadow inventory comes back on the market.

You might like my blog -- The Cult of Shadow Inventory. Link below. Good luck!
... more
0 votes 2 answers Share Flag
Fri Oct 8, 2010
Rocky G.H. Hawrysz answered:
Hi Blake,

It could, however it depends on the configuration of your home. Is it a two story or one story home?

Rocky

Rocky G.H. Hawrysz
Prudential California Realty
(209) 444-6610 Direct
rocky@prucalifornia.com
License No. 01468373
... more
0 votes 4 answers Share Flag
Wed Oct 6, 2010
Andy Del Real answered:
Mary

I am a local Realtor in Modesto. I have invested in properties myself and like to talk about your potential Return on Investment. Feel free to call me at 209.204.3963 so we can talk a little more. You can check out my website www.AndyDelReal.com

Thank you

Indalecio "Andy" Del Real
... more
0 votes 1 answer Share Flag
Wed May 15, 2013
Andy Del Real answered:
Hello Zoraida

Unfortunately we (Realtors) are not allowed to comment in regards to neighborhood due to a legal stand point. What I tell my clients is the best advise I can give you, "Drive around the area during the week, at night, on the weekends ,etc. because you not just investing in the home your living in."

If you are not from Modesto, It might seem like a pain to drive around the area you want to move to but well worth it.

Good Luck

If I can be of any other assistance, feel free to call me on my cell phone 209.204.3963

Indalecio Del Real
... more
0 votes 2 answers Share Flag
Sat Sep 11, 2010
Dan Vannatta answered:
Sun Oct 5, 2014
Colleen Perry answered:
Bank of America owned properties do need a prequalification by a BOA Lender. But You may use any Lender of your choice to buy the house. BOA does offer some perks like free Appraisal if you use them. It is a hoop to go through but then you are ready if you see other BOA properties. They do own many foreclosed properties, it is good to be ready. If you need help finding a BOA lender or any other lender, I will be glad to help. ... more
0 votes 4 answers Share Flag
Wed Sep 1, 2010
Anna M Brocco answered:
Did you have a lease agreement--you may wish to consult with an attorney who specializes in real estate and check out any legal rights you may have--at the same time, do look for another place to call home. ... more
0 votes 4 answers Share Flag
Mon Dec 6, 2010
Annie Becker answered:
Hi Jose,

I'd say the listing price is rarely final. I just did an analysis of listing price vs. sale price in my market of Newport RI. For the past 2 years, the sale price has constistantly been an average of 93% of the list price. There will always be exceptions i.e. if a home is really "hot", priced perfectly, or some sort of rare gem. And when the market gets going again, well-priced properties could get multiple bids and the price could be over the listed amount. A good agent in your area can run the same numbers for you and help you strategize.

Great question! Good luck with your search.

Annie
... more
0 votes 7 answers Share Flag
Sun Aug 22, 2010
Anna M Brocco answered:
If you are looking at a RealtyTrac ad-- Keep in mind that RealtyTrac's information may not always accurate and oftentimes misleading--you could be looking at a lis pendens property--notice of default--or possibly some kind of filing fee, etc., some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent--he/she will have access to reliable information--also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties. ... more
0 votes 6 answers Share Flag
Sat Jul 17, 2010
Debra Diamond answered:
First of all , where is it showing up? Sometimes it take a while to work through the system. Need more information in order to answer your question correctley.
D.Diamond
Modesto CA
0 votes 4 answers Share Flag
Sat Jul 3, 2010
Sue Wylie answered:
Is it central AC and does your lease make any exception to what the Landlord will and will not be responsible to repair. You did not give enough info.
I suggest you read your lease, and call or go to city hall to check on the local tenant's laws.

If you find it is an item that the Landlord is responsible for, then you can have it repaired and follow your local laws regarding withholding of rent to cover your costs.

Do not do this without making sure you are following the terms of your lease and local ordinances.
... more
0 votes 3 answers Share Flag
Mon Jul 18, 2016
John Mondello answered:
Quite frankly, I don't understand doing credit checks. As a landlord, my biggest concerns are:

1) verified income (debt to income)
2) past tenant history

If a person had a great credit score, then they probably would have no need to rent. I just don't get it sometimes. Check out craigslist in your area.

http://geo.craigslist.org/iso/us/ca

John J Mondello, Realtor
Keller Williams
(225) 329-8119
"I find house, you make it home."
... more
0 votes 12 answers Share Flag
Mon May 20, 2013
Eric J Soderlund answered:
Did you do this on your own? Either way you submitted a short sale approval package to your lender right? Part of the negotiation is to make sure that you were in or got approval for the sale to go through as a non-recourse loan. If not the lender can come after you for the amount forgiven as soon as you have any assets. Was this your primary residence? Are you insolvent? Give some more details via this forum or through my email and I will try to provide you with more info and a direction.

Best Regards,

Eric Soderlund.
... more
0 votes 5 answers Share Flag
Fri May 14, 2010
Dave Griswold/ Lisa Payne-Griswold answered:
5.5% is a very good deal. The best thing you can do is make an extra payment per year and you will pay off your loan sooner. If your loan is based on a 30yr loan then you would pay it off in 23 years.

Remember interest is a tax deduction. In addition remember to write in the memo of your check it's for princepal ONLY. Many banks will send you money each year because you paid on your princpal send it back.

All the Best
Dave & Lisa
... more
0 votes 2 answers Share Flag
Sun May 2, 2010
Kent Gagon answered:
Mbtapia,
You need to consult a tax advisor regarding the qualifications for the home buyer tax credit and how you are purchasing the home.
Good luck
0 votes 3 answers Share Flag
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