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Ventura : Real Estate Advice

  • All168
  • Local Info14
  • Home Buying53
  • Home Selling4
  • Market Conditions11

Activity 75
Sun Aug 17, 2014
Barry Shapiro answered:
Hi Guy,

This is an excellent question. Generally, the answer would be 'yes' - especially in the morning hours until the marine layer dissipates from the sun. Check out this website: http://forecast.weather.gov/MapClick.php?CityName=Ventura&state=CA&site=LOX&textField1=34.2783&textField2=-119.292&e=0 For historical data, check out this handy online tool from the Farmer's Almanac: http://www.farmersalmanac.com/weather-history/search-results/ I hope this provides clarity to your fog concerns.... ... more
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Mon Jul 19, 2010
Todd McGregor answered:
0 votes 1 answer Share Flag
Tue Apr 6, 2010
Barry Shapiro answered:
Hi Cookie,

I have three suggestions. One is to rent inside Leisure Village (see link below). Rentals inside Leisure Village currently range between $1150/month to $1850/month assuming your sister is 55+. Another oftentimes preferred choice would be to purchase a Leisure Village condo with a Reverse Mortgage, and have no payment for life! Option three is a 2+1 mobile home I have listed in a senior park here in Camarillo. The space rent is only $650./month. Check out http://www.casadelnortecamarillo.com/ for more details. Ted and Bonnie can hook you up with Senior choices in the Simi Valley area as well. Good luck in your search! ... more
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Tue Feb 23, 2010
Joseph Domino answered:
Yes, this is an issue. It is very difficult to get a second home or investment loan on a condo these days.

Maybe one of our LOs will chime in here. I am sure somebody has a private investor out there. ... more
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Fri Feb 19, 2010
Barry Shapiro answered:
Hello again Gayle,

This is an excellent question.

The USDA Guaranteed Home Mortgage Loans are the most common type of USDA Loan in California and allow for higher income limits and 100% financing for home purchases. USDA Guaranteed Loan applicants may have an income of up to 115% of the median household income for the area. All USDA Guaranteed Loans carry 30 year terms and are set at a fixed rate.

To be eligible for A USDA Rural Loan in California, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income (29% ratio). Your credit background will be fairly considered. A 620 FICO credit score is required to obtain a USDA Rural Housing Loan approval.. You must also have enough income to pay your housing costs plus all additional monthly debt (41% ratio). These ratios can be exceeded somewhat with compensating factors. Applicants for loans may have an income of up to 115% of the median income for the area (see link below) Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance


USDA Rural loans are based on both INCOME eligibility:
http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income@11
AND PROPERTY eligibility guidelines:
http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11

These two websites should answer most of your questions.
... more
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Wed Mar 16, 2011
Debra (Debbie) Rose answered:
He can ask...........but the answer will more than likely be no.

Does the contract give the buyer the right to walk away after the home inspection if they are not satisfied with the results? if it does........then the buyer has nothing ot lose to ask for repairs first, before walking. You never know..............the worst the seller can say is NO..........but,.if faced with a genuine structural problem, the seller might give in, and agree to address it...............afterall, the seller now needs to disclose what was discovered to the next buyer that comes along.

He might reconsider, and decide it is better to deal with this buyer then wait for a new one. Once sturctural issues are discovered...........and disclosed .............the seller might net less next time around.

It can't hurt to ask..
... more
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Sat Feb 20, 2010
Hope Goss answered:
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Sat Dec 5, 2009
Barry Shapiro answered:
Hi Seamu,
I should have a completely renovated detached 2-story house in Hollywood Beach for sale in the beginning of the year in the lower 4's. Depending on your price point, it may be a better alternative to the higher HOA fees, unexpected assessments, lack of control, etc., that comes with shared housing. Good luck in your home quest. You can also explore seller financing, as another alternative. ... more
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Thu Dec 15, 2011
Heidi Golff answered:
Please feel free to go to my site, www.heidigolff.com to check out my qualifications.

I would love to help your family members into home ownership. Buying within the next 30 days is not impossible, even in this difficult lender climate. I must tell you...our inventory is way down. If they are willing to trust me and are qualified to buy, no one will work harder for them. When you go to my site, make sure to click the "testimonials"......it speaks for itself.....and me!

Don't let my advanced education in luxury homes, etc. throw you...I work with first time buyers to seasoned investors.

Let's talk!
... more
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Mon Aug 31, 2009
Kyle answered:
What is your home worth approx and what is your currect loan rates? I would need to know that to give you a quote....
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Tue Oct 13, 2009
Barry Shapiro answered:
Hello Tuffy,

This is an excellent question. One that could determine how many choices you have when you approach the retirement years. My wife and I purchased our own home in 1986, and by early 2003, we owned 5 additional rental properties. The first thing to consider is your tolerance for the 3 "T's" (Tenants, Toilets, & Taxes) and whether you have personal reserves to weather a 10% vacancy rate. "Tenants" refers to how you may get a phone call at 10pm on a Friday night that the furnace stopped working, or the neighbor next door said your tenants are partying too loud, etc. "Toilets" refers to all the upkeep and unexpected things that may break down. '"Taxes" refers primarily to Property Taxes (which are a deduction) but which cut into your cash flow.

As far as whether it's a prime market to be Buying, it hasn't been this good since pre-2003. You make your money when you buy, no when you sell. Are YOU ready to take the next step towards your family's financial freedom? Gary Keller wrote a best seller "The Millionaire Real Estate Investor" ... Contact me for your complimentary copy...
... more
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Tue Jul 28, 2009
Barry Shapiro answered:
Hi Anne,
I think the question you might want to be asking is whether the mobile home qualifies for financing, which is, at best, difficult nowadays. Age of the mobile home (date of manufacture), condition and price play a significant roll in determining whether a loan program even exists. Plan on at least 25% down, likely more. You can always work on improving your credit if an alternative housing lifestyle is what you desire. I will have a mobile home available in a park in Camarillo for well under $50K later this summer. ... more
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Thu Dec 3, 2009
Barry Shapiro answered:
Hello Suraimcfly,

There are currently 10 active REOs on the market in Ventura. I am not too sure why you would want to limit your selection of a possible home, as the inventory levels are severely limited due to an increase in Buyer demand. The link to these homes follows below:

.......................................................................................................................................................................................
Status Status Date List/Sell $ DOM/CDOM Address City Area BD BA Sq Ft Lot Sz


CVML Det Active
03/03/09 $329,900 122/122 508 Hupa St Ventura 21 3 2 1452 4565

VENT Det Active
04/23/09 $1,899,000 71/71 1564 Vista Del Mar Dr Ventura 24 4 4 4032 17900

CVML Att Active
06/19/09 $82,900 14/14 1300 Saratoga Ave #809 Ventura 25 2 1 873 829

VENT Det Active
06/11/09 $434,900 18/18 4657 Varsity St Ventura 25 4 2 1406 7500

CVML Att Active
06/29/09 $221,900 4/4 585 Holmes Ave Ventura 26 2 1 777 6534

CVML Det Active
06/16/09 $289,900 17/17 7251 Bristol Rd Ventura 26 3 2 1443 6000

VENT Det Active
04/30/09 $399,900 64/64 1303 Mead Ave Ventura 27 4 2 1636 7168

VENT Det Active
10/15/07 $364,900 537/800 1300 Clay Ave Ventura 27 4 2 1216 7168

CVML Det Active
06/26/09 $559,900 7/7 1929 Foster Ave Ventura 29 2 2 1500 7000

VENT Det Active
08/15/08 $1,999,000 322/322 411 Poli St Ventura 29 7 7 5000 7879
... more
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Tue Jul 28, 2009
Cami Pinsak answered:
Hi Suraimcfly,
While realtors are not supposed to steer you towards one area or another, a great resource for you would be the Ventura Unified School Districts web site: www.venturausd.org ... more
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Sat May 16, 2009
Dana Schuster answered:
if you will provide the address i am sure someone will be able to give you some information.
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Wed Oct 28, 2009
Krisili Ward answered:
Great question. Banks base their financial guidelines off the lower of the Appraised Value or Contract Price.

In the case where someone wants to pay $350k for a home that appraises for only $300k, the financing is based off $300k and the buyer then brings in the additional $50k. As an example, 20% down payment is $60k, financing is $240k, and the total cash to close (excluding closing costs and prepaids) is $60k + $50k = $110k. ... more
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Wed Nov 25, 2009
Heidi Golff answered:
Hello,

This property as already found a buyer and is pending the close of escrow. As you can see, it is better not to wait for open houses. If you would like to let me what you are looking for in a home, I will get you inside and this time it will be YOU who gets the house first! ... more
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Wed Apr 15, 2009
Barry Shapiro answered:
Justin,

You should have received a verbal or written counter-offer to your offer. If you are qualifying to purchase via FHA or VA and the property does not qualify for this type of financing, your offer will not be accepted. The agent only comments may indicate the answer to your question (i.e. the property will be going to a public auction soon?) What is the property address? ... more
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Fri Oct 23, 2009
Deidra Licata answered:
The Beach locations in both Oxnard and Ventura are great places to live! The property values have remained stable in a tough Real Estate market. People drive through here and think it's the best kept secret! It's half way between Los Angeles and Santa Barbara and the prices are lower than Santa Barbara and Malibu beach areas. You can find a nice home and a really nice condo in this price range. Please email me so that I can send you some listings in both of the areas you are interested in. You will be able to see what you can get in that price range. My email address is homesearchwithdeidra@yahoo.com ... more
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Sun May 23, 2010
Heidi Golff answered:
Just a quick note to say that I hope you, your loved ones, and your property survived the floods.
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