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Dianna MacDavid's Advice

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  • 22 Contributions
  • 1 Best Answers
  • 2 Helpful

Dianna MacDavid wrote:

Is it possible to assume a mortgage? Can someone find me a house to assume the mortage on in 92867?

Answer
I don't know of any loans that will allow you to assume a mortage. Too many people were getting burned. When the new buyer defaulted, it hit the sellers credit. And, why would you want to buy into a seller's problems. Not all sellers have issues, but with all the short sales and foreclosue issues, it's too risky. I advise against it 1,000%.
May 19 2013
(1)

how much is the real state percent from buying a home ?

Response
I can only speak for my office, we don't charge for buyers, our fees are paid by the seller or landlord.
May 19 2013
(0)

I would like to report a fraudulent seller.

Answer
949/586-6800, the Orange County Department of Real Estate, will check into. Some agents do this to get leads. However, I didn't find any Realtors in OC with that name or email address.  So I'll assume it's a scam. Let me know what you're looking for and your email address, I'd be happy to send you everything that is ligit.
May 19 2013
(0)

Do real estate sales have to include full disclosure on major structural problems?

Answer
Disclose, disclose, disclose. If you're aren't sure, disclose. Better to give the buyer too much information than be sued after closure.
May 19 2013
(0)

what could happen if the seller refuses to do repairs when house is in escrow? Can he take legal act

Answer
That depends on your state, so find out the laws from your agent. But here in the state of CA, the offer to purchase reads that the buyers knows and understands they are buying "AS IS", which means the seller doesn't have to do anything. With that said, I always advise my seller's to agree to make all safety issue repairs. Most will, some don't. The only excepts are things like water heater bracing, smoke and carbon detectors, those are mandated by the state that the seller have this in place and properly opporating.
May 19 2013
(0)

What does it mean if a house is listed to be sold, and its empty, but it says not for sale?

Best Answer
I currently have 1 such listing. It's in probate, and even thow the excuture has been named and court approved, the owners children aren't ready to let go. So it is for sale, and empty, but emotionally, not ready by the heirs.
May 19 2013
(1)

Is Zillow estimates a good line for a buying price for a duplex?

Answer
That depends on  your area. I have discovered that where I live and work, Orange County, CA, it is not. There are a lot of cookie cutter units, BUT, some neighborhoods are more desireable than others, so a condo in one area will be worth $40,000 less than a 2 miles away, yet, Zillow pulls in both areas because the condos are the same. So some will think their homes are worth more than they really are, while others are disappointed thinking their home isn't worth as much as they are told by a local Realtor. Real Estate truely are local.
May 19 2013
(0)

where do I find the mls number on houses that have forclosed?

Answer
That depends on your states MLS. Recently, ours changed the page set up, the MLS numbers are to the right of the main picture. If you live in Orange County CA, send me your email address and cities of interest, price cap, and I'd be happy to see what I can find for you.
May 19 2013
(0)

Can a seller pull out of escrow after all contingencies have been released?

Answer
If the buyer agrees, yes. But, it must be in writing. I had a seller who's company was moving him to another state. After all contingencies were removed, the seller's company changed gears and he was no longer moving. The seller asked they be released from the contract, in writing. If the buyer doesn't agree, they are obligated to sell as they have a binding contract. If the seller still refuses, I see a law suit.
March 06 2013
(0)

Why my house information is wrong on Zillow ? How can it be corrected?

Answer
Have a title rep check it for you. It could also have been input incorrectly when the house was built. If you don't know a title rep, call you're local RE office, they can recommend several. They should check it and need be, correct it free. Also, check on Realtor.com, they are more accuate.
March 06 2013
(0)