Zillow Advice RSS: Question-Discussion-Guide,Home Buying,Chino- CA

I AM F-1 STATUS NOW,AND I WANT TO BUY A NEW HOME THIS YEAR.CAN I GET THE TAX RETURN ?

Fri, 28 Aug 2009 09:41:00 GMT

I AM F-1 STATUS NOW,AND I WANT TO BUY A NEW HOME THIS YEAR.CAN I GET THE TAX RETURN ?

2 replies

Biest against FHA loans

Thu, 16 Jul 2009 17:24:00 GMT

Do sellers have a biest against FHA loans?

6 replies

California offering tax credit

Thu, 16 Jul 2009 17:22:00 GMT

Is California offering tax credits to new home purchasers? How much?

11 replies

Earnest deposit in jeopardy

Thu, 16 Jul 2009 16:46:00 GMT

If my submitted offer gets approved by the seller how many days do I have to cancel a contract? Can I cancel the contract for any reason? Within this grace period can my earnest deposit ever be in jeopardy of being lost?

6 replies

Fastest buyer vs highest bidder?

Thu, 16 Jul 2009 16:44:00 GMT

If I find an available house without any backup offers and put the first offer down, does the seller take the property off the market immediately or do they continue to let offers come in and choice the highest one? Basically does the fastest buyer to find the property or the highest bidder get the seller to take the property off the market normally?

4 replies

Easy Question

Thu, 16 Jul 2009 16:47:00 GMT

If I find an available property what steps do I take before submitting an offer? Call up my lender? Call up my realtor? Get an inspector involved?

4 replies

Probate sale

Thu, 16 Jul 2009 17:02:00 GMT

What is a probate sale with a conservator?

2 replies

Backup Offer Only

Thu, 16 Jul 2009 16:43:00 GMT

If the original transaction falls through in a "Backup Offer Only" sale how does the seller choose which backup buyer to proceed with if there are multiple people in line? First come first serve? Higher offer? Higher earnest money? Other?

2 replies

Lost its value or retained its value?

Thu, 16 Jul 2009 17:21:00 GMT

Should I lean toward a home that has lost its value recently or retained its value recently? If my plan is to buy low and sell high in about 5 to 7 years.

2 replies

First Time Home Buyers

Wed, 29 Apr 2009 02:19:00 GMT

What a GREAT time for First Time Home Buyers (at least anyone who hasn't owned a home in the last 3 years)! Here's why:

FHA is actually LENDING money. All you need is a credit score of 625 (right now) or higher, a job (obviously), and 3.5% down. Two different clients of mine just bought newer homes, in beautiful neighborhoods! Their monthly payments which include mortgage, taxes, and insurance is just over $1,200 per month! Not to mention the $8000 tax credit they're going to get, and NOT have to pay back! Oh yeah...and most of the time the seller agrees to pay up to 6% of the buyer's closing costs and pre-paids! Anyone who has what's needed and doesn't do it now, is craaaaazy!

FHA and Short Sales... First and most important...make sure the listing Agent has the price approved by the bank. That avoids any unseen disappointment. Make sure the buyer's Agent knows how to word the offer correctly, and uses a good pricing strategy in the offer. If all of the above is done correctly, it's a win - win for both sides.

Makes me wish that I waited to buy my house! Talk about a "Buyer's Market"! The Buyer not only gets the kitchen sink, but practically served up on a silver platter too!!! Just remember...buying a new home should be a fun and happy occasion. If it's not...something, somewhere in the process isn't right.

60 replies

Buying home that needs repairs before the bank will lend on the property.

Fri, 23 Jan 2009 04:18:00 GMT

We want to buy a home that has already been appraised at $440,000 after repairs.
However, the bank that owned the property went under and the property is being sold by investors. They have accepted our offer of $280,000. It is a 2600 sq. ft. house on 1 acre and seems like a great investment. The investors do not want to make any improvements, but the bank will not lend until repairs are made. Our agent has suggested an addendum allowing us to make repairs before escrow closes with a contingency that we will be reimbursed in full if we cannot get funding. We have already been preapproved and the bank says it will lend if repairs are made.
-Can you please tell me if this is an acceptable and safe legal arrangement.
Thanks -Dave

7 replies

Does A 203k loan have to be owner's primary residance? ---

Sat, 24 Jan 2009 02:53:00 GMT

Does A 203k loan have to be owner's primary residance?

1 reply