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Home Buying in Santee : Real Estate Advice

  • All97
  • Local Info1
  • Home Buying19
  • Home Selling4
  • Market Conditions6

Activity 20
Sat Mar 29, 2014
Cory La Scala answered:
You don't need stellar credit for a FHA loan, and the down payment is only 3.5%, with low interest rates. You do need 12 months of on-time bill payments though. If you think you might be able to do it, and depending on how low your credit scores are, contact me and I'll send you some lenders to talk to, and we can go from there. I do have some good info on how to help raise credit scores too, if you're interested.

Warm Regards,

Cory La Scala, REALTOR
Independence Realty
619-825-6421
Lic # 01443391
... more
0 votes 10 answers Share Flag
Thu Sep 13, 2012
Chris Spade answered:
Ask your agent to search for homes where the seller will do a carry back. If you need some help, let me know.
0 votes 8 answers Share Flag
Fri Feb 10, 2012
Vito Lotta answered:
Hi Thandaman,

The first thing I would suggest is to pull your credit report. I suggest "annualcreditreport.com". I am working with a couple clients that have done short sales and their credit reports do not reflect any updated information. The reason you want to make sure everything is updated as soon as possible is because a line item that hasn't had any negative reporting in the past two years isn't as bad on your score. If you wait the three years and then find out you need to fix it that line item will become a current reported line which will affect your credit score more. As for buying a new home it does depend on the type of loan you are looking for.

Please let me know if you have any other Questions, I am an Agent in Santee and also a Resident of Santee since 1972

vlotta@cox.net
... more
0 votes 1 answer Share Flag
Thu Sep 13, 2012
Sinead McAllister answered:
Hi Than,
Call me directly. It depends on what kind of loan you are looking to get and the circumstance regarding your short sale. I have a house in escrow in Santee, so I am very familiar with the market. Some can be as early as 12 months!

Thanks!
Sinead McAllister
858-205-5215
brokermcallister@gmail.com
... more
0 votes 7 answers Share Flag
Sun Apr 1, 2012
John Arendsen answered:
If the home is a "Special Service Animal" you shouldn't have a problem. Get it? Give us a call if you don't. But I'd be a little more concerned about the integrity of the MH you're buying than your pet. ... more
0 votes 0 Answers Share Flag
Thu Dec 6, 2012
Kim Nwachukwu answered:
Can I refer you to another realtor in your area? I would be very happy to make a formal referral for you. I cannot stress the importance of having your own professional advice. You are a first time homebuyer - you NEED your own counsel. The seller's agent is working for the seller - they are NOT working for you; their loyalty lies with the seller. As far as your current agent goes, you can certainly fire him at any time for non-performance. Write him an email or a note and while you might thank him for his efforts, be sure to be very clear about why you are severing your relationship with him. No, his performance isn't normal; it's far below average and you are not being too needy. But as far as the timing goes, don't be surprised that many agents can't run out and show you properties at a moment's notice; our schedules are planned as far in advance as possible. I would be happy to talk with you and refer you to a top notch agent in your area - please feel free to click on my profile and give me a call. Sincerely, Kim ... more
0 votes 19 answers Share Flag
Tue Nov 2, 2010
Bill Eckler answered:
Lou,

Do you have an actual "purchase agreement" with a clearly stated contingency? Without having access to the details involving this agreement, it would seem that your agreement would have expired during a two year period. These types of agreements normally have a time period associate with them.

Reading between the lines, it appears that you have been living in the home in which you intended to purchase. If so, and you do not have a lease/rental agreement, you would be best advised to consult an attorney for their input.

Good luck,

Bill
... more
0 votes 4 answers Share Flag
Fri Apr 21, 2017
Sarah Davis answered:
Great question Jordie. It means that the seller is willing to "carry back" the note on his house when he sells. He will then act like the bank and collect monthly payments from the buyer instead of one lump sum from the buyer at close of escrow. If you were the buyer you would be making monthly payments to the seller instead of to a lender. The main benefit to the buyer are that you don't have to qualify for a conventional loan, while the main benefit to the seller is that the seller can typically sell the house faster and for a better price. I deal with seller financing on both the buyer's and seller's side daily. Please feel free to contact me with any questions! ... more
0 votes 8 answers Share Flag
Mon Jul 26, 2010
Nick Ruiz answered:
Evelyn,

Best Zero down loans available are for VA buyers.

Banks have buttoned up on the 0 down loans. If they are available your credit and income would have to be impeccable.

The best thing available today is an FHA loan of 3.5 percent down.

Best,

Nick
... more
0 votes 5 answers Share Flag
Wed Dec 19, 2012
Jacqueline Walker answered:
I recommend you meet with a real estate professional who can help you evaluate your current situation and help guide you through the options you have. How you move forward depends upon your current financials, any hardship you may have, who your mortgage lender is, etc.

As a general guide, you should first consider a loan modification, then a short sale....foreclosure should be your last alternative because it has the most impact on your credit and you have the least control over the process. Many of the lenders are now offering (or are about to offer) home owners with support and assistance if moving is their only option. I just posted an article on my website if you would like to read more.
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0 votes 9 answers Share Flag
Sat Sep 26, 2009
Patti Phillips answered:
Luke, This is a question you may want to ask your tax person. They would be the best person to ask for your specific situation, and could tell you the best way to make it work. Keep in mind- the time for the tax credit is almost behind us! It may be continued, but we don't know for sure yet.

Patti Phillips
"Advice you Need, Attention you Deserve"
800-680-9133 or 619-507-2100
... more
0 votes 3 answers Share Flag
Sun Aug 2, 2009
Joan Wilson answered:
Never low enough! They vary by area, but overall..they are about 1.25% of sales price. Then you might have other fees.

Let me know if I can help you,

Joan Wilson (Realtor, SRES, Ecobroker)


California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
Fax: 760-946-7894
JoanWilson@prusd.com
License # 01341483

It is my Goal to Increase the Success and Profitability of Those I Serve
... more
0 votes 1 answer Share Flag
Sun Jun 6, 2010
Joan Wilson answered:
I think they are high, but they are fair for the area...

Let me know if I can help you in any way!


Joan Wilson (Realtor, SRES, Ecobroker)


California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
Fax: 760-946-7894
JoanWilson@prusd.com
License # 01341483

It is my Goal to Increase the Success and Profitability of Those I Serve
... more
0 votes 6 answers Share Flag
Sat Jun 13, 2009
Donna Meyers answered:
Well that depends on which kind of foreclosure we area talking about... I would say that getting a bank repo normally only takes one week to get into contract. If it is a short sale, one that is still owned by the seller in the foreclosure process it can takes 90-120 days. Today most of the banks are moving properties and making deals on the properties that are fully owned by them. Most repo listing agents will tell the buyer agent whether or not there are offers on the table before we write them one. I actually had the experience of writing an offer on a repo that already had 6 offers on the table. I advised my buyer that he should probably give them a full price offer and would you know it we were the highest bidder and closed the deal 30 days later. I would say buy the house that best suits your needs and if it is already bank owned take a chance on it. If you love a short sale have a conversation with the listing agent and decide accordingly. Happy house hunting! ... more
0 votes 3 answers Share Flag
Mon Apr 6, 2009
Fred Posner answered:
Good morning, Gina. You should really speak with a lender or mortgage broker. There are several around these forums, and you can always ask an agent for a reference for a trustworthy individual. Your question is similar to going onto a health forum, listing a few symptoms, and asking someone to diagnose the problem. So for the best advice, seek out a qualified professional and they will be able to give you a straightforward answer. Good luck. ... more
0 votes 0 Answers Share Flag
Sun May 24, 2009
Molly Nicholas answered:
You will want to confirm this with a tax professional, however if you show up as the owner of a houme in the last 3 years, you ar not eligible.

You can check out thetax forms online to get complete instructions on how to file ofr this. ... more
0 votes 3 answers Share Flag
Sat Jun 13, 2009
Nick Rhea answered:
Hello Tanya,

You need to find a real estate broker that you trust. This person will find properties that you can afford and negotiate the best deal for you. Also, you will need to work with a bank or mortage broker to secure financing.

I help people, such as yourself, find the perfect home. I am happy to refer you to a mortgage broker to secure financing. My fees are already built into the purchase price of the home.

Nick Rhea, MBA, Broker
President
Bombora Investments, Inc.
619-886-2004
nick@bomborainvestments.com
... more
0 votes 7 answers Share Flag
Sat Sep 27, 2008
Eric H. Wong answered:
Hi Juanita;
If the house is pending, that means the seller has accepted an offer for the house, and they are in the escrow period. They cannot accept anothere offer at this time. What you can do is contact the listing agent to find out if you can be a back up offer.
During these times of uncertain credit, it is not uncommon for buyers to fall out of contract, because they cannot get the loan they want. Being the back up offer can be a good thing if this happens. You can be the first person to get a second chance on the house you want.

Good Luck
... more
0 votes 3 answers Share Flag
Tue Jun 9, 2009
Connie Marks, GRI, CDPE answered:
When you purchase a mobile home you are only buying the mobile home NOT the land it sits on. You are renting the land the home sits on. This is unless it is a park like Lake Jennings Park Estates where you are buying the land as well. That's why the homes in that park are so much more expensive.
It is important to work closely with a REALTOR when making a purchase of any kind, however.
... more
0 votes 1 answer Share Flag
Sun Aug 2, 2009
Socalshocker answered:
Yes, Santee is a very nice place to live and raise a family. I don't think it will ever be a La Jolla. I would stick to the coast if that is what you are looking for. Try Oceanside. They have some very nice areas there and they are inproving the areas that needed the work in the past. Moreover, the home prices are far below what you cane find in Santee. A far superior location for investment. Santee is better for family.IMO ... more
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