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Home Buying in Tracy : Real Estate Advice

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  • Local Info34
  • Home Buying221
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Activity 177
Wed Oct 20, 2010
Emmanuel Scanlan answered:
Hello Hollie,

There are so many variations of pools and equipment is is difficult to properly keep up with them all. I do perform a very limited pool inspection, but pools are very expensive creatures and quite frankly best left to real pool experts to inspect fully. I always advise my clients of this for the very reasons you pointed out. First I would say to have a local pool expert, with solar heating experience, inspect the pool thoroughly with emphasis on the solar heating equipment.

As for the leak testing of a pool the pool specialist can also help you with that. You could also perform a leak test on the pool per the following guidelines http://www.wikihow.com/Find-a-Leak-in-Your-Swimming-Pool. You can see that it could be difficult to control the test yourself, especially if the home is currently occupied. Leak testing is available by pool specialists if you are concerned of potential leaks. Quite frankly it may be well worth the additional money to have a pool specialist come in.

Good luck and if you have more questions or details to share please post them.

Emmanuel J. Scanlan
PS Inspection & Property Services LLC http://www.psinspection.com
214-418-4366 (cell)
TREC License # 7593
International Code Council, Residential Combination Inspector #5247015-R5 (Electrical, Mechanical, Plumbing and Building)
Certified Infrared Thermographer (ASNT-TC1A Standards)
Texas Residential Construction Commission, Third Party Warranty Inspector #1593
Texas Residential Construction Commission, Inspector, County Inspection Program
Texas Department Of Insurance, VIP Inspector # 08507061016
Hayman Residential Engineering Services, Field Technician
CMC Energy - Certified Energy Auditor

Knowledge is power, but sharing knowledge brings peace!!
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Sat Jun 6, 2009
Chris Mabry SRS,e-PRO answered:
Hi there,
From short sale to bank owned and back on the market in one month does sound like a pretty accelerated time frame. But stranger things have happened. It will usually take the bank a little longer than that to foreclose and get the house on the market, but some banks may be faster than others. Since your offer on the short sale was declined, and the other offer obviously wasn't finalized, the bank ended up taking the property back through foreclosure. Usually when this happens the home is listed for less money. If you still have not found another property, now would be the time to act again on this one. Best of luck! ... more
0 votes 3 answers Share Flag
Fri Jun 5, 2009
Rebecca Chambliss answered:
What a mess! You need to contact your agent's Broker. Did you remove your contingecies in writing?

Without knowing more, I would think you would be best off trying to cancel escrow andd get your deposit back. ... more
0 votes 2 answers Share Flag
Wed Jun 3, 2009
Kmccloud asked:
I am also waiting to hear about a short sale with National. Also been to the bank for 2-3 weeks. Anyone know about their usual turn around time? The sellers agent does not return my age...
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Mon Jun 8, 2009
answered:
I wish I could tell you a time line. After doing short sale for the past 4+ years, all I can assure is that every negotiator is different. Some are fast, some are dreadfully slow. Hopefully the seller's agent is staying on top of the negotiating process that will help the most.
Good luck.
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Sat Jun 6, 2009
answered:
Michelle, the problem is not with YOUR FHA loan it is with loans in general right now.

Banks are pricing homes that if they get a CASH offer, close in 15 days at full asking they will take that over an 'over asking" loan of any kind.

Be patient, substantially more properties are reportedly on their way to our market n Tracy.

Good Luck - it will happen, you've got until November 30th to close escrow to get the tax credit.
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Mon May 25, 2009
Christina Oneal answered:
Hi Sam,
If I were in your situation, I would hold off till you feel more confident in your job situation. That is just safer. The rental market is pretty good right now for the smaller homes, but if you bought a 3000 sq ft home & were hopeing to get your mortgage payment covered by renting it out, you probably wouldn't be able to. Hope you find out soon & all goes well at your company. ... more
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Sat May 16, 2009
Steven Ornellas answered:
Hi Michelle, yes, this is a pricing strategy, and it gets results. Price versus value is typically the number one incentive in a buyer's mind.

Best, Steve
0 votes 7 answers Share Flag
Wed May 30, 2012
Micki O'Toole answered:
Cindraly
You can try this site.
http://www.sjgov.org/assessor/

micki
0 votes 2 answers Share Flag
Thu May 14, 2009
Susan Goulding answered:
This is a great area. The tax fee applies to most of the newer home, it pays for the schools and to develop the community. The fee is included your property taxes which run between 1.25 - 1.40% per year. ... more
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Wed Jan 12, 2011
M answered:
The shortest response time I have had on a short sale approval has been 2 days. This is rare, yet can occur. There are variables that affect response time. Primarily it is the bank approving the short sale that dictates how quickly or slowly a ss is approved.

In some cases a listing agent can know if the bank will approve the short sale. Particularly if it is a FHA short sale. FHA has guidelines regarding the terms on offer price that will be accepted at differing time periods of a listing. See the HUD preforeclosure information to get the ratios of what a FHE lender will accept on a short sale.
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Sat Jun 25, 2011
Brian LeBars answered:
Hi Casey...

Coming from a Mortgage Brokers perspective it is most important to be pre approved first. This will help an agent narrow down properties to show you.

3.5% is the requirement for FHA financing. I would be happy to help you with the pre approval and can also help place you with an agent in Tracy depending on your needs.

Call me anytime.

Best,

Brian
925-708-5400
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0 votes 13 answers Share Flag
Wed May 13, 2009
David Chamberlain answered:
The banks will work with people who have fha loans, of course a cash buyer will win if a cash offer close to your bid is put in. Don't worry prices are not going to jump 20% over the next two months.

You might want to take a look at your offers, is there something your agent is puting in there that hurts your chances?
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Wed May 13, 2009
Karla Divine, Broker answered:
Michelle,
Each lender handles this differently.
Before offering $20K over the asking price, make sure you support the asking price with market knowledge and that you understand the cost of any rennovations that might be required by your own lender. If you offer more than the asking price, and your own lender's appraisal comes in low, you might be at risk. My advice is to ask for what you want: make the purchase price that you offer a price that you can afford and that is supported by the market statistics for your area, ask for the closing costs and also talk to your own lender about a loan that might require the seller (BANK) to participate in your purchase by paying a portion of the closing costs.
Karla 'Divine, Broker
503-819-6923
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Tue Apr 28, 2009
Brian LeBars answered:
Hi John...

Are you refering to an agent representing you as an out of state investor? I have 3 extremely knowledgeable agents in the Valley that would be happy to assist you once your pre approved. or would you be making cash offers?

Either way let me know and I can connect you. Feel free to browse my website or view my linkedin profile to get my background.

Best,

Brian
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Sat May 9, 2009
answered:
Tue Apr 14, 2009
Toni Dalrymple answered:
After the home has a Notice or Sale filed their is a date for auction. This is usually within the 30 day time frame. There have been homes that were in process of lender approval of the short sale that have had this date postponed. If the offer to purchase wasnt strong enough, or doesnt net the lender what they are looking for they will proceed with the foreclosure. Depending on whether the home is vacant and how the bank handles the sale of the now REO property the property could be listed within 10-60 days from the date of sale. If your agent has the docket numbers of the filings she may be able to go directly to the bank to try to find out who the listing has been assigned to. This really is a hit/miss but if you love the property I would recommend trying everything that you could to beat the mad rush once it is listed as an REO.

Toni
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Sun Apr 26, 2009
Vicky Chrisner answered:
Well... WHERE the short sale is has less to do with it than the specifics of the case and the lender involved. Short sales are hard. Hopefully, you're getting a great deal to help offset the headaches, and hopefully your buyers agent coached you on how to protect yourself in the contract so that you can walk away when you have had enough. ... more
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Wed Apr 8, 2009
answered:
Tracy is a bedroom community with many people commuting to the Bay Area. It is considered part of the "Greater Bay Area". Crime rate, as some one who has lived here is not higher than Fremont - where we moved to Tracy from.

Schools are varied, there are some schools that score higher in test scores than others. These schools tend to be in the newer parts of town, which are on the west and south sides.

Jefferson school district is an elementary school district that is very highly regarded. Wanda Hirsch, George Kelly and Art Freiler are the highest scoring Elementary Schools in the Tracy Unified School District.

It all depends what you want from your neighborhood. I love living in Tracy. As I said I moved here from Fremont 15 years ago. It has been a wonderful place to raise my kids.
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Fri Apr 10, 2009
adam Dalton answered:
Hi Renee-

I'd be happy to get you hooked up with one of my associates in Tracy if you'd like. Tracy is just a little out of my range but we do have an office with a lot of great Realtors. Please email me with your contact info and what you are looking for and I'll work on getting you in touch with someone who will be able to help with all your real estate needs including getting you set up with a quality lender if needed.

Thanks for your question,

Adam Dalton, Realtor
Century 21 M&M and Associates
adalton@c21mm.com
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