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Roseville : Real Estate Advice

  • All225
  • Local Info18
  • Home Buying91
  • Home Selling7
  • Market Conditions6

Activity 152
Thu Jun 21, 2012
Steve answered:
Mon Jun 4, 2012
Teri Andrews-Murch answered:
Tue Mar 25, 2014
Ute Ferdig answered:
Hello Crystal. Sale pending means that someone made an offer on the property and the seller accepted it. Under contract means the same thing. You can still make a backup offer on a property that is already pending, which could put you in first place should the buyer back out. I hope this helps.
Let me know if I can help in any other way.

Ute Ferdig
... more
0 votes 22 answers Share Flag
Tue Jul 9, 2013
Ute Ferdig answered:
You should contact the landlord or property management company that posted this rental. Carol Greener Properties (916) 838-1227
0 votes 3 answers Share Flag
Wed Jul 22, 2015
Sally Grenier answered:
You should confirm this with a lender or morgage broker, but I'm pretty sure you can't get an FHA loan on a manufactured home. Regarding the short sale, there are other factors involved (besides date) as to whether you'd be able to buy again (i.e. if you had missed payments, the reason for the short sale, etc.) Talk to a lender. ... more
0 votes 14 answers Share Flag
Sun Apr 15, 2012
Michele Peterson answered:
There are several great commercial lenders in the area.
Are you working with one already?

Many factors go into financing commercial property.

Call Jeff Compton - Owner of Comstock Mortgage.
Direct: (916) 367-7135
He will walk you through the steps, best financing options based on type of property, rent received, condition, and state of property. Jeff is local and somebody you can meet in person and discuss business face to face. Very professional and works hard for his clients.

Give him a call...Always best to have a local resource who knows and understands the local market.

Good luck to you!

Michele Peterson
Keller Williams Realty
(916) 743-5934
CA DRE 01872795
... more
0 votes 4 answers Share Flag
Thu Apr 12, 2012
Teri Andrews-Murch answered:
Do you mean in Roseville?

I couldn't find that address in Placerville.

Looking at the one in Roseville, it is a mobile home on land (you own the land not rent the land) and the land is the bulk of the assessed value, seems in the ballpark as home is listed for sale at $74,900 and assessed value is just a little more than $43,000. ... more
0 votes 1 answer Share Flag
Mon Apr 16, 2012
Ron Thomas answered:
It would be interesting to hear the Owner's response as to why he did that?
Yes! Absolutely; it would do both.

Particularly in the Valley where a pool is an asset.
They made it very hard to do an inspection, so you would have to assume that it needs repair and discount it accordingly. ... more
0 votes 9 answers Share Flag
Mon Apr 9, 2012
Teri Andrews-Murch answered:

There was no link, so I am not sure which house you are asking about. But from past experience I will venture to guess what you are looking at is not an actual listing but the Realty Trac listing which shows the amount the loan is in default not a sale price. The assessors value is for tax purposes & may or may not have been adjusted to current assessed value. If I have the address I can verify ... more
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Mon Apr 9, 2012
Teri Andrews-Murch answered: this is a link to the City website. You might also check CrimeTracker on KCRA 3
0 votes 1 answer Share Flag
Thu Mar 22, 2012
Caitlin Shields answered:
There are other things to be considered but typically if it's the same field then it should be ok. If you'd like I can give you some contacts of loan officers that you can call to ask any questions you may have. ... more
0 votes 7 answers Share Flag
Thu Mar 22, 2012
Jim Walker answered:
You can ask your agent to look up the recorded sales price after the $225K sale is closed and recorded. You are surprised that there are big overbids in a real estate market that you thought was on its deathbed.

The real estate market is now undead. Like Vladimir Dracula, it is clawing its way out of its coffin. You cited a $35,000 overbid as evidence. When the overbid is that high, I suspect that the property may have been underpriced for auction style bidding. On the other hand we are hearing about and seeing bidding wars on market priced listings as well.
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0 votes 12 answers Share Flag
Mon Jul 2, 2012
Deedee answered:
I was looking at a home last week in The Club and was told that Mello Roos was $2,000.00 on top of taxes. What I don't know is if this fee varies by size of house or lot or sale price. ... more
0 votes 4 answers Share Flag
Sun Mar 11, 2012
Jim Walker answered:
Almost all banks keep their loan to value requirements as a ratio of the lower value of either the purchase price or the appraisal. The $80,000 bank approval might not allow more borrowed money to be your source of down payment.
100% investor financing is possible mainly through private investors that already know you, rather than through federally insured institutions.

So I will rephrase your question: " Can Newbietx as a non occupant buyer borrow 100% to purchase property."
Look for a private loan instead of a bank loans; but I am not currently a loan officer, so there may be some lender that does this type of high risk loan.
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0 votes 5 answers Share Flag
Tue Sep 12, 2017
Lauren Schenke answered:
Hi Andrea!

Buying a condo or home with cash is fairly straight forward and you can close in a short period of time - two weeks or so. Plus, it's a great way to go because many condo complexes are cash only at this time and can't even qualify for financing due to HOA litigation or too many investor owners in the complex.

When you buy a property with cash, you won't need to pay for an appraisal if you don't want one, and you'll save on fees since you won't be financing a loan. You'll still have time to do your buyer investigations and any inspections you want to have done - pest inspection, home inspection, etc. After you are satisfied with the results of the inspections you want done, it's a pretty simple process for title to draft up the documents for you to sign. You'll wire the money to the seller and the home is yours!

Just keep in mind HOA dues on condo complexes - be sure to know what they cover and how much they are. Also, walk around and talk to some of the neighbors in the complex and talk to the HOA about past / present litigation in the complex and how it was handled. This is all part of what you can do during your buyer investigation period of your contract - perhaps the first 10 days after your offer is accepted.

A condo can make a great investment down the line for you to keep as a rental since the renter won't have a yard to take care of. When you purchase this condo, please be sure to read the rental requirements or restrictions in the HOA docs / CCRs if this is a property you will one day keep as a rental unit....many times the complex restricts the number of investor owners / rentals there can be in a complex. Be sure to know what you will be up against down the line.

If I can be of any help in your search, please let me know! I'd be honored to earn your business!

Best of luck!

Lauren Schenke
Better Homes Realty
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0 votes 7 answers Share Flag
Thu Feb 16, 2012
Marie Souza Team answered:
Tanya - March is right around the corner! It's time to pick up the phone & start calling rental companies directly. You'll have more luck than posting here.
Best -
0 votes 1 answer Share Flag
Wed Aug 3, 2016
Anna M Brocco answered:
At this point you may wish to consult with an attorney who specializes in real estate, he/she can best advise.
0 votes 8 answers Share Flag
Sat Feb 11, 2012
Michael Abram answered:
Hello Sarah,

I work with a lender that will allow 5% down with mortgage insurance on a conventional loan with a 620 fico score. If this score meets their requirements, I can be of assistance. If not, I would recommend having your credit run and determining what options are available to rescore your credit and improve your credit scores so that all options become available. Please feel free to give me a call or email if I can be of assistance.

Michael Abram
First Capital Mortgage
NMLS #235060
Direct: (310) 434-1718
Cell: (310) 995-0975
... more
0 votes 9 answers Share Flag
Tue Jan 10, 2012
Tanya Fletcher asked:
Thu Apr 19, 2012
Zac Bacon answered:
That is a great area! Congratulations on the coming move. You are doing exactly what you should be doing. Get familiar with the schools, neighborhoods, and pricing. Narrow down what you want, and get familiar so that when that great value comes along you can act quickly! I would be glad to help you search for, and tour, the homes that are right for you if you're ready to start working with an agent. You picked a great time to buy into the local market. ... more
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