Profile picture for Tony Accardo

Tony Accardo

Agent

Real Estate Professional

5 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (13 Contributions,
  • 0 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

Where do you get the info/description of a house, i.e., number of Baths, sq footage, etc.?

Answer

The MLS is a great resource however I'll often cross check with the Tax Assessors office records which is typically accurate to what is recorded by the local building department (I say typically however by no means is it unusual to have a descrepancy).  Once you enter into escrow on a property you'll want your property inspector and a detailed report from the appraiser to verify any inconsistencies PRIOR to waiving your individual contingencies.

  (0)
Wanting a vacation home!

Answer

Lots of vacation property type markets in the price range your looking are likely markets to which have had significant valuation damage over the years.  You'll always find distressed homeowners here AND sellers having a difficult time getting a vacant property sold.  Consider interviewing an agent that understands creative financing so stop sitting on the sidelines waiting for the bank to give you an approval.  An All Inclusive Trust Deed is a good way to go, Seller Financing, even Lease Options are great ways to get into homes.  But be sure your agent knows what they are doing, get legal advice (if doing an AITD), and be sure it's a win/win deal for both you and the Sellers!  Best of luck!!

  (0)
how do i find my as-built diagram for septic&sewage

Answer

Check with your local building department and obtain a copy of the most recent permit pulled for your property.  With any luck, they'll be a name on the paperwork leading you to the contractor which permed the work directly!

  (0)
I want the home value of a home not on the market at this time? how do I search for that?

Answer

All great suggestions here... The definition of value can be an entire new conversation but in Real Estate we use only Sold Data.  Many appraisers consider the 'type of sale a condition' as well and in today's market with a variety of distressed type dispositions you have to agree.  Appraisers like to use comparable properties which are a) within +/- 200sf of living space and within +/- 400sf of land space, b) within the same sale type ('distressed'/'standard' sale), c) like type (ie. stand alone home, town home, condo, etc.), d) constructed within a similar time (+/- 10yrs is usually fine), and e) review the comparable sold property for adjustments (upgrades, type of financing used to purchase, conditions of the sale, etc.).  If all of these conditions for about three comparable properties can't be met within close proximity of the subject property then an appraisal may include inventory in escrow and (rarely) inventory active on the market (with an average sold to list price adjustment).I often get this question when a neighbor is looking to purchase one another and are looking for an amicable solution for value.  Multiple appraisals can work however often the appraiser can be influenced by the transaction in general (who is paying for the appraisal) which could certainly defeat the purpose obviously... My suggestion would be to list the property with a good local Realtor which knows how to effectively market the home to as many potential buyers as possible (not an ad in the Beach Reporter by the way!) and have a clause in the listing contract with a single party 'right of first refusal' with a fixed discount provision as it relates to real estate commissions.  Be sure to offer the Realtor fair compensation to offset marketing/transaction expenses as well.The result is most certainly an amicable one since you're comparing the value to real market conditions as it relates to what the home 'could' be worth...Best of luck!  Please consider my services if you are located within my marketing areas... ~ Tony

  (0)
Zillow vs. Trulia - Homeowners, homebuyers and Realtors, which do you use more and why?

Answer

Yep, you're looking at the hits report which I'm told doesn't categorize the traffic other than the site visits (for example, a person could put a real estate search tool on their yahoo or google home page and it would register as an impression). So hitwise has another more pure report they conduct and you can view it here; http://www.hitwise.com/index.php/download_file/-/view/750/ Either way you slice it there is relatively only a few players at the top receiving the traffic and all do a decent job of serving the consumers interested in real estate. Consumers can use these sites to get a wealth of knowledge about listings/neighborhoods and its an excellent tool in today's Real Estate purchase/sale process.

  (0)
Zillow vs. Trulia - Homeowners, homebuyers and Realtors, which do you use more and why?

Answer

Both are consumer sites paid for by Realtor sponsorships. As a Realtor I pay for sponsorships with both sites so my Selling represented clients get maximum exposure of their listing (as well as quite a few others like Realtor.com). However the question is vague in my opinion with lots of pro/cons. Yes to Zillow for the forumn section and past sales data, yes on Trulia for rental listings (though Zillow isn't a far 2nd), but overall listing traffic is best on Realtor.com. Hitwise.com measures traffic and Realtor.com is #1 and the new Zillow/Yahoo is a very close #2 for the month of January.

  (0)
How will a 2 year lease on a car affect my ability to get a mortgage?

Answer

A leased car shows up on your credit report as like an installment loan in the amount of the total amount of the payments (ie. if the lease amount was $400/mo and for 24 months then the total amount is $9.6k).  With that, the $400/mo is now a monthly obligation for you and increases your Debt To Income (DTI) ratio and this can significantly effect the amount of your monthly payment capacity in the lender's eyes.  Further the $9.6k debt will decrease your credit score as it relates to your total outstanding debt to income ratios.  My suggestion would be to rent a car temporarily until you close escrow on a home... sometimes the lender thresholds make it tough but you may have the financial appetite to afford both.

  (0)
How many days from Appraisal report to Loan Approval?

Answer

Depends on the type of loan, agency, and the details in your loan file.  It should be about 3 days in underwriting but could be as much as 5-7 business days.  I would certainly reach out to your loan officer to get an update regularly...

  (0)
Waht is my property worth now? Worth at the height of the real estate boom? 2226 gates 90278

Answer

Surferjay - Looks like you have a number of options: continue to rent it, refinance it, sell it, develop it, sell it/carry the financing, more... If you are making the decision purely for investment returns, you have to consider many factors in addition to the value of the property (taxes, where to put cash if it was sold, risk).  It may be best to start talks with a financial advisor to best blueprint a plan..However, the value of your property is about $650k.. perhaps only $600k to a builder since it is an R2 property and maybe as high as $675k to a do it yourself person looking to live on a piece of land with strong land value.  To sell it quick, use an agent with lots of developer connections - to maximize it's value, use an agent which can market the property to as many buyers as possible.  Best of luck!

  (0)