Sandra Miller's Q&A

Hi Iamcc28 -I am not sure what version of the CAR RPA you are looking at.  The RPA-CA revised 11/07 is the most current version and there are plenty of reasons for a buyer to back out without losing their deposit money especially if they have not released their contigencies (all contingencies must be released in writing). The Deposit check is cashed within three days of acceptance (not before acceptance)...  and if the buyer chooses not to proceed with the sale, the deposit is only released to the seller if both parties agree to release it, it is not automatic. Last but not least, it is the listing agreement that would force the seller to compensate the listing agent not the purchase contract. I would be happy to explain the ins and outs of the purchase contract to you, give me a call.

The MLS history shows that the seller purchased on 2/15/2006 for $680,000.  There are 8 units in the building. Comp wise, this seems to be a good deal.  On 6/12, my office sold a property on 5th that was a bit smaller for $675,000. 

The property is currently listed and is tenant occupied.  Listed at $1,365,000 it's been on the market for 378 days and listing states its a tear down.  I am not sure what list you ar looking at, however, in checking with the Title company this property does not have a notice of sale attached to it.

reallooker,email me your neighborhood and let me know time frame you are looking for and if it's condos or homes and I'll send you sold details.  sandra.miller@engelvoelkers.com

Hi ccampos213 - you can follow this link to find out more information on FHA programs as well as find approved lenders.http://www.hud.gov/offices/hsg/sfh/fharesourcectr.cfmHope this helps.

Marina Guy - I'd be happy to help you with the Marina Property.. 

This unit is in escrow.  The HOA is listed at $856 per month.

The HOA Dues vary according to the unit - approximate range is $1,100 to $1,500 per month. 

You can follow this link to find an FHA approved lender in your area.http://www.hud.gov/ll/code/llslcrit.cfm

It was listed 3/7/2009 so 41 Days on Market