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Pinon Hills : Real Estate Advice

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Activity 3
Fri Nov 29, 2013
Christopher Lefebvre answered:
Barbara,

My advice is not to get caught up on asking prices, but rather use the tools you have available online through public records or use the services of a competent buyer's agent to determine a value for the home you want to purchase before you make an offer. Also, be sure to consider any major repairs that need to be made.

The bank owned properties in my area tend to be listed and then the price continues to drop until they sell. I'm not saying that is always the case, it may be different in CA, but the banks don't want to hold on to these properties. They are just liabilities on their books.

If you feel that the home is priced right and you consider the current asking price to be a good deal, then use your best judgment on how hard you want to negotiate down from the current asking price. The risk of a real low ball offer is a rejected offer from the bank and someone else may end up buying it before you do.

Good luck!
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Mon Sep 27, 2010
Celia Butler answered:
Hello .. You should have your realtor write who will pay for it into your offer. It must be done so best to make it clear from the start. If your beyond that point I'd still have the realtor talk to the seller's agent about the seller taking on the cost. I don't think there is a clear rule on it so I'd be prepared to make an agreement - don't forget to get that certification that it was done and an invoice marked paid.
Sincerely,
Celia
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Sun Mar 6, 2016
Kimberly Thomas answered:
Dunny,
Here's an age-old problem that we Realtors often face -the advent of buyers getting too many opnions from people who only know their own experience - which is usually not relevant to the buyer in question. A few years back you could buy a home with a 580 FICO and $6k down or no money down. On other loans Your income wouldn't matter because you could do a no-doc loan as long as you had only "decent" credit. Then came the collapse and lending climate and times - well, they have changed! Your stats probably only look good for an FHA loan-and that's a maybe. Not sure if your income qualifies you for anything in CA, given the price points there -even with today's reduced prices in the market. Your best bet is to stop listening to other people and check out an FHA-certified loan officer. ... more
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