Hard to Find a Seller Who’ll “Carry the Loan”
Wednesday, 23 January 2013
Question: “I can’t get a bank loan because of some bad credit and I’ve been reinvesting most of my profit into my business, so my tax returns don’t show much income. Can you find a home for me where I can make payments to the owner? I think that’s called owner carry…” Answer: Right now,
- Published in Q&A - Home Financing Questions
Should You Rent or Sell Your San Diego Home?
Tuesday, 22 January 2013
Question: “My mom needs to move to an assisted living home and we’re debating whether we want to rent her home or sell it. What do you suggest?” Answer: Everyone’s situation is different. But I’ll give you some general pros and cons: Renting Pros: You may get a better return than putting the money in
- Published in Q&A - Home Selling Questions
Why Are There 3 Different FICO Scores?
Wednesday, 16 January 2013
Question: “I just talked to a lender about refinancing my condo and he told me my FICO scores. They’re 719, 729, and 744. How come there’s 3 different scores?” Answer: There are three nationwide credit bureaus, each with their very own FICO score name: Experian has “Experian/Fair Isaac Risk Model” TransUnion has “FICO Risk Score,
- Published in Q&A - Home Financing Questions
Selling Your San Diego Home “As-Is” Can Be Risky
Tuesday, 15 January 2013
Question: “I plan to sell my house As Is. I don’t want to fix anything. If the buyer insists on repairs, they can buy another house…” Answer: I understand where you’re coming from. Ultimately, you’re looking for the best possible outcome from your home sale. With that in mind… When I represent a client selling
- Published in Q&A - Home Selling Questions
Can You Waive the Appraisal Contingency?
Wednesday, 09 January 2013
Question: “I want to buy a home in the $400,000 range, but I know there’s heavy competition and multiple offers on many homes. I think I read in one of your newsletters that you suggest one way to make your offer more attractive is to waive the appraisal contingency. Will a lender let you do
- Published in Q&A - Home Financing Questions, Real Estate Tips
An Alternative to Selling Your San Diego Home
Tuesday, 08 January 2013
Question: “Hi Gary. Our kids have finally moved out on their own. We love our four bedroom home, but we only need two bedrooms plus a den. Do you know of homes for sale like that in our neighborhood?” Answer: Shut the door of your fourth bedroom and fuhgeddaboudit (if you don’t speak DeNiro, that’s
- Published in Q&A - Home Selling Questions