Profile picture for Jonathan Shidler

Jonathan Shidler

Agent

California Realtor (16 years experience)

2 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Consulting,
Property Management

Advice

  • (14 Contributions,
  • 1 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

Foreigner Wanting to buy a house

Answer

The rule of thumb from my mortgage man is "No Visa, No Loan"However, as you have two other persons with legal residency within the country your qualification may lay with them a lot more so than with your own numbers.The other rule of thumb from is "Good credit or enough down-payment conquers all"Since the Patriot Act the requirements for financial vetting has gone up a lot, Yet I feel that as the UK shares many many major banks with the US we should be able to cooperate in lending to you and your family.Talk to a few mortgage brokers (a few will just give up once they get to a tough point, you must not).But there are a bunch of other options for purchasing outside of standard conventional loans ranging from lease options, or a a variety of creative financing.Godspeed!

  (0)
Why do REAs insist on...

Answer

Michael, I wholly agree, unless you are 100% sure you're going to get a real professional who takes their fiduciary task seriously, a little education will save us all. I love and much prefer my clients to be educated. Either before I get to them, or after I meet them. Because an informed choice is more likely to be a happy choice.Education comes best with learning to ask clear questions. With vague questions, It's hard to answer with any definitive- I am not going to be sued, advice that doesn't display bias without knowing the situation clearly.My number one training was in how to drive out the right questions from my clients or prospects so I can better serve them by knowing their individual needs and history.Same thing with visiting a doctor vs checking webMD forums.A better history makes for a better assistance to the client.However, sticking with the medical analogy, I notice almost all the questions that I have that first thought of "talk to an agent" run into the analogous style of someone asking:"I broke my leg, what do I do now?"Can they check it and set it themselves? Yes, humans have been doing that for eons. But I will still have the gut first reaction of "Go see a physician"Now, if the question was analogous to "I am thinking about having my leg broken and reset, what kind of splints would you suggest for a femur reset?" I would suggest a splint set up (assuming I know at all).I suppose my main point is:A little education, even before asking a question gets better answers.Better answers make for more education.A better educated seller/buyer/tenant/landlord makes for a smoother transaction.

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Got promoted have to move, what to do with current home

Response

Congratulations on your transfer! Washington is one of Gods gifts to the American people (Right after California)If you short sell, You can buy again the day after. But not usually with conventional financing. Heck, there is ZERO law that says you are not allowed to purchase a home again after a sale, a foreclosure, short sale, or eviction. The only issue is financing.As to Leasing out the propertyFor Highland, if you can handle the mortgage, I would suggest renting out the property and holding out the storm. (Disclaimer, We have a large Property Management and Leasing Co in the East Valley in that region, so my opinion is slightly skewed towards leasing the property out).You may even wish to hold on to the property as a rental property. OR devise a method to Lease Option out the property (a very high demand item) and if you get someone who knows what they are doing, it can be a win win for the buyer/lessor, and you as if negotiated properly, you end up with more money at the end of the sale in X years once the option is executed.If you do decide to Lease Option out the property (Again, I am skewed, as this is a specialty of our office) you will want to choose an agent that isn't afraid of that idea and is willing to give you a full work out sheet to see if it ends up to where you can "Eat your cake and Have it too"When structured properly, you also remove the whole issue of the Tenant-Landlord relationship as the person leasing the property is merely doing so to finance a future purchase at the end of the term.You can collect more in "down payment" than you can legally collect in deposit. And par for par, you tend to get a lot more in "Rent" - Again, if structured properly.Godspeed!

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What if I only have been working full time for 7 mths, no tax return yet? Can i get mortage?

Answer

My mortgage man last I spoke with him stated that for an FHA insured loan, One needs 2 years of experience in the same job. OR a 4 year degree within the same general field can help you get around that requirement.But many mortgages can be had, from Hard Money loans, to cosigned loans to a form of seller financing (my favorite method if you have the downpayment).

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same address different prices?

Answer

Neither.The price of a property is what ever someone is willing to pay for it.Zestimates are just estimates based on the county averages.As this property sold in 2010 for 5300 dollars, with a zestimate from 2010 says 35,000.Don't use the Zestimate as your end all-be-all, but merely a general board guide post

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What happens if you sign a lease but can't come up with the Security deposit?

Best Response

OOO!Good question.A judgement can be held against you depending upon the contract signed.If you work something out with the landlord you may be able to get out without much loss, but Most land lords will charge you at least for the amount of time they had to hold it off market for you after signing lease.Another way you can work it out is to have a payment assistance plan, in which you pay a portion of the deposit now, and pay the remaining out.In renting, a lot is based on mutual agreement between the land lord and yourself. Pull out your negotiator hat and get to work!

  (0)
What happens if you sign a lease but can't come up with the Security deposit?

Best Response

OOO!Good question.A judgement can be held against you depending upon the contract signed.If you work something out with the landlord you may be able to get out without much loss, but Most land lords will charge you at least for the amount of time they had to hold it off market for you after signing lease.Another way you can work it out is to have a payment assistance plan, in which you pay a portion of the deposit now, and pay the remaining out.In renting, a lot is based on mutual agreement between the land lord and yourself. Pull out your negotiator hat and get to work!

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Why do REAs insist on...

Answer

The problem is a lot of questions are broad questions.Example:"What is the best deal in XYZ city/Neighborhood"I don't know that person's purchase abilities, their motivation, their goal, or what they define as a good "deal". So just spouting "Oh, this area" enters either into self serving for my own region/listing which removes my credibility, or I tell them to go out and deal with something completely out of their own personal range.Most of the agents that answer on Zillow are genuinely good agents and have their buyers and sellers best interests at heart and take our code of ethics and oath of "Do unto others as we would be done unto us" very seriously. and Assume others within our field to have the same opinion of their task and oath.And as I tell my buyers "Listen, I am not going to push you into this home. If it was my listing and you just walked in, yes, because that would be my job, but my job, as your agent is to make sure your goal of getting the keys to the home that fits your desires best gets into your hands for the best price" - And almost every other buyers agent I meet maintains that same attitude. Mind control is counter productive to building our brands as trusted advocates of our buyers.Plus we do most of it for no cost to the buyer.Why wouldn't we tell people to get a Realtor if the question is vague and undefined? We genuinely believe in our trade and our guild. That should be a positive. 

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