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Stuart Santana's Advice

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  • 537 Contributions
  • 9 Best Answers
  • 36 Helpful

Stuart Santana wrote:

What are the reasons to use a professional to find a renter for my 4,300 sq ft house?

Answer
There isn't one if you are knowledgeable in such matters, and if you are available for most of the day.  It is a time consuming operation to take calls from prospective tenants, and then to screen them (going through financial documents, running credit reports, etc).  If you have a job that allows for an unlimited amount of personal calls you should be fine doing this on your own.  If you are able to create your own ads and put them wherever you can, people will surely come.  A visible sign from the street will also get you a lot of activity. Fees vary by each professional, and are negotiable.  I can help you with this Rental if you like, just message me if you are interested.  I am pretty strict with my criteria, and am a fellow landlord myself.Best wishes
April 27
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We have been waiting for 18 months on an answer from the bank on a short sale. Suggestions?

Answer
18 months is a long time.  Well beyond the average for a short sale, that's for sure.  Definitely put some pressure on your agent, and hope the file is still active.  I have heard of cases where the home has already been lost in foreclosure but the listing agent wasn't even aware of it.Best wishes
April 27
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Asset rich but cash poor-repost

Answer
If you message me what you have in mind, I may be able to connect you with a private investor.  Best wishes
April 27
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Single Story House - Irvine, CA

Answer
Just adding one more consideration that my peers have not:  Earthquakes.  My wife has a phobia of them (makes California living a bit tough when the ground shakes), so she will never allow us to live in a 2 story home for fear that it can come down and crush us all if the quake is big enough.  Maybe a marginal observation, but I have many clients that will not purchase a multi-level home over the same concern.  I am not an engineer, so I don't know if the scenario is feasible--but I listen to what my clients have to say.Best wishes
April 27
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My agent or listing agent?

Answer
Working with the listing agent will definitely increase your chances of buying the home, but not with the best possible terms.  As many have said the listing agent has their first duty to the Seller, and so long as you know that you can do whatever you want.  I don't "double-end" most of my listings (I know some Agents that double 100% of their listings) because I tell prospective buyers that I will try to negotiate whatever price they want me to but they won't get special treatment.  Every offer is treated equally by my team, be it from another office or our own.  I want the buyers to be happy, but not at the expense of the seller.  Best wishes from So-Cal and good luck
November 08 2013
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should I wait until summer to sell my house for a better sales price or sell in the winter?

Answer
A lot of good suggestions/observations/opinions have already been provided, so I will only make one that has not:  What is your next move after the sale?Remember that if you are "buying up" with your proceeds, whatever % that you might lose due to a slower season you make up  for on your purchase.  If your intention is just to sell and cash out then it is anyone's guess what will happen in 2014.  Some predict the market will increase again, others say it will decrease.  I myself believe that So-Cal real estate has changed tremendously due to small sub-markets.  Even right now as we speak there are neighborhoods showing huge appreciation, while many others, are going down.  I recommend that you contact a local Realtor to provide you with some local market trend data so you can make an informed decision.Best wishes from So-Cal and good luck
November 08 2013
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Your Zestimate information is really misleading.

Answer
Zestimates are not accurate representations of value.  They are merely approximations mindlessly compiled by pieces of code.  I would not worry, or stress, over your z-estimate value.  Contact a local real estate professional and they should be able to tell you what your property is worth in your market.Best wishes from So-Cal and good luck
November 08 2013
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Isn't it misleading to use wide angle photos on a listing.

Answer
You can't even capture a 10x10 room with a standard camera.  Every real estate professional should use a wide-angle camera in order to capture what a room is all about in my opinion.  I noticed huge positive feedback when I made the switch a few years back.  Best wishes from So-Cal and good luck
November 08 2013
(1)

Owner Financing...........

Answer
I don't think there is a "set" rate.  It will probably depend greatly on the purchase price, the down-payment and your financials.  I have seen many owner-carries from 5-10% in my career.  In my career I have noticed that land usually goes from 8-10% and residential 5-7%.  Best wishes from So-Cal and good luck
November 04 2013
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How can I use my fully paid off house to purchase another property?

Answer
I would be more than happy to refer you to a reputable lender that can work with you on your real estate scenario.  Let me know if I can be of service.Best wishes from So-Cal and good luck
October 30 2013
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