Selling Your Home & Buying a Foreclosure
Friday, 03 July 2009
“I want to buy a foreclosure, but I need to sell my home first. Will the bank consider a trade?” ***ANSWER: Sorry, banks will not consider trades. Anticipating what I’m guessing is your next question, banks will not consider an offer contingent on selling your home either. Your best option would normally be a bridge
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Things to Know About Co-signing
Tuesday, 30 June 2009
“Hi Gary. I know you always say to talk with a banker before looking for homes, but my parents will co-sign for me and loan me money for a down payment. Do I still need to?” ***ANSWER: Yes! I had a client in your exact situation and it turned out that having their parents co-sign
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Selling Your Home As Is
Saturday, 27 June 2009
“When I sell my home, I want to sell As Is and not have the buyer ask for a bunch of repairs. Can you write a 100% binding contract up front for the buyer to take a home As Is? ” ***ANSWER: Probably. But you wouldn’t want to. Here’s why… You’d have to write such
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Searching for the Right Home
Monday, 22 June 2009
“How many homes does someone usually see before they buy one?” ***ANSWER: In my experience, once someone starts seriously looking, they actually walk through about ten homes (not counting open houses) before they buy one. Xanax Valium Tramadol Phentermine Adipex Viagra Cilalis Levitra Ultram Xenical Tamiflu Proscar Soma Propecia Accupril Accutane Aceon Aciphex Actonel Actos
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Furnishing Your Apartments
Friday, 19 June 2009
“I’m a new investor and want to know if I should fully furnish apartments. Or should I just supply a stove and refrigerator?” ***ANSWER: Go for just the stove and frig. I don’t like furnished apartments because the tenants are more transient and there’s more cost and hassle dealing with broken and worn furniture. Discover
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Pricing Your San Diego Home
Sunday, 14 June 2009
“My wife and I have 2 kids in elementary school and we’re thinking of selling and moving to Poway for the schools. I keep up on the market and I’m pretty sure my home is worth about 700K. But an agent told me someone is building 2 new homes similar to mine a block away
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Buying a Bank Foreclosure
Thursday, 11 June 2009
“I’m negotiating to buy a bank foreclosure and just got an addendum form saying the bank can cancel at any time. Do I have to sign that?” ***ANSWER: Only if you want to buy the home. But let me put your mind at ease. After selling 500+ foreclosures the past 2 ½ years, I’ve yet
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Help for First Time Homebuyers
Saturday, 06 June 2009
“If I am a first time homebuyer, can I qualify for down payment assistance in the form of grants or “silent second” loans?” ***ANSWER: Perhaps. The few available programs have certain requirements, such as: – Buying in certain targeted neighborhoods OR – Income limits OR – Having 3% for the down payment OR – Having
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Best Time to Sell a San Diego Home
Wednesday, 03 June 2009
“We’re thinking of moving some time this year. When’s the best time of year to sell? I’ve always heard it’s the summer, but I value your opinion… ” ***ANSWER: Except for late December, it seems it’s always a good time to sell a home here. But all other things being equal, the very best time
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Banks and Buying a San Diego Home
Thursday, 28 May 2009
“Will banks charge me a per diem penalty if escrow closes late due to them or the escrow company’s fault?” ***ANSWER: No. Occasionally some overworked people at banks lose track of whose fault it was and try to charge it, but we talk them out of it. Hidden Traps in the Contract’s Small Print
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