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Home Buying in Santa Rosa : Real Estate Advice

  • All459
  • Local Info38
  • Home Buying123
  • Home Selling6
  • Market Conditions23

Activity 86
Fri Jan 14, 2011
Eric M Burgess answered:
Sounds unethical in deed. The original agent may still have rights to any commission through their listing agreement. However, the new agent should make arrangements with the seller regarding commission, not you.

Call me to discuss further, I'm also in Santa Rosa - 707-526-6100.

Happy New Year!
Eric M Burgess
NMLS #240240
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0 votes 13 answers Share Flag
Fri Jan 14, 2011
Jennifer Beeston answered:
Foreclosures generally will not beacuse they need to move the house fast.
0 votes 11 answers Share Flag
Tue Oct 19, 2010
Ernest Berghof answered:
In today's market, owner financing and rent to own are making a come back. Depending on the price range, I'm starting to see some sellers willing to think outside the box to sell their homes.

To find some possibilities, you can search on my site.

Ernest Berghof
Coldwell Banker
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0 votes 5 answers Share Flag
Thu Nov 4, 2010
Doc & Ellen Stephens answered:
In most Multiple listing Services, Active O means that the property is under a contract with an Option Period, in which the buyer can walk away without penalty for a specified # of days. During the Option period, Inspections and other due diligence are performed, repairs and other concessions are negotiated.

Doc
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Sat Oct 22, 2011
Oggi Kashi answered:
I don't see anything wrong with having 2 buyer's agents for a large enough area as long as you make it clear to both what their role will be and what territory each will be covering. A written agreement may not be a bad idea.

They can also agree to share the commission of the sale 50/50 no matter who finds the ultimate property.
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0 votes 9 answers Share Flag
Fri Aug 20, 2010
Young-Jin Yang answered:
Find an agent that specializes in deals for under $6000. Good Luck!
0 votes 5 answers Share Flag
Sun Apr 22, 2012
Michael Ronnie answered:
You could contact the HOA and find out if they would be willing to make an exception? It couldn't hurt to ask.
0 votes 4 answers Share Flag
Fri Aug 20, 2010
Stacy Carter answered:
What they're telling you is they don't want to roll the dice with an appraisal because it is likely to appraise for LESS than $71,000. In other words, it's overpriced. Add to that the cost of making repairs, you're looking to get yourself in over you head with this particular house.

Is there any chance the other buyer is buying this as an investment and will let you continue to rent? If not, maybe you're meant for something better.

Best of luck!
Stacy Carter
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0 votes 6 answers Share Flag
Wed Apr 21, 2010
Laura Reilly answered:
To protect yourself it is best to write up an addendum , explain the situation, if both buyer and seller agree. Off you go to open escrow. Good Luck and I hope you get the deal you wanted! ... more
0 votes 4 answers Share Flag
Fri Apr 16, 2010
Don Tepper answered:
Often, you'll find the lot rent posted under some other category, such as "condo fee" or "HOA fee." I sold a manufactured home a while back, and there was nowhere to list the lot rent. But most agents (including me) included it under both "HOA fee" and in the "Comments" section.

Hope that helps.
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0 votes 2 answers Share Flag
Wed Apr 21, 2010
Anibal Fragoso answered:
More information is needed:
-how much downpayment do you have? you may be able to find hard cash money loan, or seller fincing.
-are you or the cosigner buy for you? en later tranfer title to you?
-when do you want to buy? perhaps your credit will improve.

keep loging in and sharing and I will be able to direc you the right way. should you need my email or phone just ask.

sincerely,

Anibal Fragoso, Realtor
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0 votes 8 answers Share Flag
Wed Jul 7, 2010
Richard Lecinski answered:
The loan contingency should be there right to the end. Never give that up. Your realtor should be protecting you not selling you. You said a 3% deposit but did not say the dollar amount or what is the countrer offer? Is Tthe home worth that much? Will it appraise? Is it worth it to you and has your Realtor ran comps and given them to you? ... more
0 votes 16 answers Share Flag
Thu Mar 21, 2013
Dave Heck answered:
If you didn't sign buyer agreement, then you are probably not under any obligation. What I would like to know is, what are you 100% satisfied with? I can't think of anything I'm 100% satified with, my point being make certain you are letting them go for good reason. ... more
0 votes 10 answers Share Flag
Mon Nov 11, 2013
Shannon Doyle answered:
Hi Morgan,

What a fun idea! As a starting point, have you had your property appraised recently? Or do you have a good idea of it's current market value? If you have a good idea of the value, then anyone interested in trading would know exactly what they are getting and know if it was a good trade.

Then from there, it depends on if want to involve a real estate agent or do this on your own. If you want to try it alone, you could post ads on Craigslist and probably various for sale by owner sites. If you wanted to employ an agent to help you, then flyers could be sent to all homeowners in Oakmont, posted at their community center, and on the Internet. It sounds like a fun project overall.

I also have a family member who is an experienced real estate agent in Hawaii and he might be able to help with an estimate of value and photos and all that. If you would like some help or more information, feel free to call or email me and I'm happy to help in anyway I can. Thanks for your question and best of luck to you!
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0 votes 3 answers Share Flag
Tue Jan 5, 2010
Patrick Thies answered:
You need to find out what you are up against regarding the other offers out there. What are sellers looking for? Are others coming in with higher down payments, quicker closing dates, more earnest money, things like this.

You mentioned that you have been outbid on about 4 houses so far. There is not much you can do about that. You can only offer what you have to offer. It may seem to be discouraging but hang in there. You will find the right house that works best for you. Good luck.
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0 votes 17 answers Share Flag
Thu Mar 21, 2013
James Baxter answered:
Hi Santarosa Buyer,
You should also consult with a local Realtor about down payments. Every market is different and just because FHA has 3.5% down loan, does not mean that is something home sellers are accepting. In the North San Diego area we are seeing 20-30 offers on homes in the first 5 days on the market. You will want to know what the marker activity is like in Santa Rosa so that you can structure your offer to get accept by the buyer.

As for the loan info everything Michael said is right on!
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0 votes 8 answers Share Flag
Thu Nov 26, 2009
Dorothy M. Reid answered:
Your brother is right. In this market it is not uncommon for the bank holding the foreclosed property or one involved in a short sale to require the potential buyer to be pre-approved with them. You may still use whom ever YOU choose to do your financing.

Dorothy Reid
"There Is No Place Like Home"

Baird & Warner
805 W Lake St
Oak Park, IL 60301
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0 votes 13 answers Share Flag
Thu Oct 8, 2009
Elizabeth Herbert answered:
There are extended stay hotels that offer monthly rates. Also some snowbirds will rent their homes short-term.
0 votes 1 answer Share Flag
Thu Oct 1, 2009
David Pittman answered:
The obvious answer is that the banks (the lenders who had the loans that defaulted) are holding on to the properties.
In some cases this may be caused by the banks shortage of personnel trained and capable of manuvering thru the process of selling the property.
Speculation among realtors and mortgage brokers is that the banks are releasing these properties very slowly to keep the sellng prices high and thereby minimize loses. We do see the lower priced REOs (bank owner real estate) being bid up by anxious buyers. There are a lot of potential first time home buyers as well as investors who want to buy houses priced under $300,000. More demand than supply always pressures prices upward.
I have heard recently that several local realtors have received bundles of REO properties from one lender so maybe we will have a flood of good values for this fall and winter market.
Let's hope so.

Hope that helps,,
David Pittman
707-540-4511
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0 votes 6 answers Share Flag
Fri Nov 27, 2009
Lynn Bowen answered:
I sure do hope that this will be passed or atleast that the current $8,000 credit for 1st timers be extended. Would LOVE to see the credit be increased to the $15,000. amount as well as opening it up to ALL buyers. It HAS made a difference in helping the market to rev back up. If we don't get an extension on the current credit or have a new one passed to start when the current one ends I think we WILL see a drop in the number of active buyers ready & willing to write offers.

Lynn Bowen
Domaine Real Estate
707-695-3814 Lynn@DomaineRE.com
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0 votes 2 answers Share Flag
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