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Cari Hendricks's Advice

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  • 11 Contributions
  • 0 Best Answers
  • 2 Helpful

Cari Hendricks wrote:

A Rent vs. Buy Question for someone that will be new to the area

Answer
Buying in the core area of Sacramento is expensive. I personally love West Sacramento (just across the Sacramento River) where you get a lot more bang for your buck when buying. If you want to be in an area where you can walk to everything, downtown/midtown or Davis are the best options, but both are fairly high rent areas and very expensive to purchase. If I can help further, please don't hesitate to call or email.
April 15
(0)

Moving to Sacramento from NYC

Answer
Midtown & downtown would be a great fit based on your description. FYI, West Sacramento is fantastic, so don't believe everything you read. Rent to own is very rare here. You can check out some of the big property management sites to get an idea of rents in the area. www.homepointe.com Good luck! Let me know if you need help with purchasing. Cari Hendricks, Broker [contact information deleted by Zillow moderator.  Please see our Good Neighbor Policy for posting guidelines]
December 23 2013
(0)

HomePath home, Fannie Mae still hasn't opened escrow after 4 weeks after accepting fofer

Answer
Fannie Mae recently changed their online system. All Fannie Mae transactions are being delayed. I wouldn't worry that it won't happen, you just need to be really patient. And, possibly talk to your lender about your rate lock extension options if that becomes necessary.
August 12 2013
(2)

What exactly does "Lot sale will include a build to suit contract" mean?

Answer
You should be able to tell by the asking price. If it's the cost of a home in your area, then it's likely included. If its much less than a new home in your area, then it's probably just the raw land. You should definitely get advice from a local expert. You need to know if water, sewer and power are already connected also. New construction is more complicated than one might think at first glance.
June 02 2013
(0)

What exactly does "Lot sale will include a build to suit contract" mean?

Answer
It means the local builder will be the one who will construct the home on the lot.
June 02 2013
(0)

Can you refinance and take someone off mortgage at the same time?

Answer
Yes, as long as you qualify to refi on your own.
April 01 2013
(0)

Our house on 7736 South Oak Way, is listed as a 2.5 bath, what constitutes the .5 bath?

Answer
A sink and a toilet. If there were a shower and or tub, then it would be a full bath.
March 12 2013
(0)

I just retired and am moving to another state to be near my family. I am buying a new house in SC.

Answer
Perhaps talk to a different lender. You may want to ask the lender if you rent out your home here, would you qualify for a loan in SC? Then, after you have purchased a replacement home, if the financial burden is too great, short sell your home here. You probably would not qualify to purchase a new home if you short sell here first. Home prices in the Sacramento Valley are rising fast, so if you haven't gotten your home valued (by a Realtor, not Zillow), do that first.
March 12 2013
(0)

how do you determine values of houses?

Answer
Zillow is not as accurate as a Realtor's analysis or an appraisal. How do you know that 4 houses in your development have gone up to almost $800k? Is this according to Zillow? I can help you determine the value if you like, just give me a call or send an email. Cari Hendricks, Broker Associate [Phone removed by Zillow moderator. Please see our Good Neighbor Policy.]
December 21 2012
(0)