Are you asking: if someone has all cash for the full purchase price can they buy a BMR if they meet the other requirements?
Thank you in advance for the clarification.
In order to intelligently answer your question would need to know what type of property - condo, house, etc... - and how many beds and baths. With this information we could offer some suggestions.
Lance R. King - Founder/Managing Broker
King Realty Group
DRE # 01384425
415.722.5549 - Cell
The answer requires more up front information. Does the borrower have another home or multiple homes? Does the borrower have a lengthy tenure with their company and can they demonstrate that they telecommute or do they travel extensively for their work? Are there specific circumstances for the 90 mile distance for instance, a special needs child that needs to see a specific doctor or can only go to a specific hospital for their health? A medium distance for a couple that works in two cities, for instance San Francisco and Sacramento? There are many details that need to be addressed before a lender can just throw out an answer to you. I have helped people that have moved from large cities that now desire a small town to live and have a flexible schedule that will allow it. I helped a guy that worked in Phoenix and his home was in Chino Valley (about 2 hours north of Phoenix), he grew up in L.A. and did not want his kids growing up in a larger city so he commuted daily. That example is not the same as what you propose but there are some common threads, you need to tell us more for the best advice. Good Luck.
Licensed Loan Originator
Amerifirst Financial, Inc.
Apply Online: www.mattpuzz.com... more
The CAR form is universal to California and most agents are familiar with CAR. SFAR or other regional contracts are usually only available to members of that board and they must be familiar with that contract. It may have language specific to conditions in SF and surrounding area. Some local agents do not know the difference, so be sure that you talk with your agent and have them go over the contract you are using.
Some contracts will include conditions which need to addressed before closing, some will make agents a party to the contract, etc. The CAR contract was written my a larger member audience, it is an AS-IS contract, agents are not a party to the contract (which they are not a party to the contract), etc.
The biggest difference is not all agents are familiar with local contracts, but all agents should be familiar with CAR as it was the only acceptable contract for the last few years in Short Sales and Bank Owned Properties.... more
The seller will probably not give you any discount. They will sell it for market value for the complex. I am sure there was a sale in the last 6 months in the complex and that is what market value will be above. The financing isn't really a problem with the property itself so no seller will give you a discount.
Redfin should be discounting or rebating their 'services', because they are far from a full-service company! As in anything, you get what you pay for...
There is no 'standard' commission for real estate services, btw--there are many laws which prohibit anything which could be interpreted as 'price fixing'.
The services of a true Real Estate professional include so many behind-the-scenes tasks, including the marketing, consulting, negotiating, and overseeing all of the transactional details--a 'buy here-pay here' type of website could never hope to offer anything in comparison.... more
If you let you me know your prerequisites I can send you the current inventory. Will you be requiring financing? The rental market is very competitive and rental rates are at all time highs so it's an excellent time to purchase a property.
Feel free to contact me and I can provide insight and an overview of the entire process.
McGuire Real Estate
17 Bluxome Street
San Francisco, CA 94107
The rate of appreciation has been higher for Bernal and will continue to be higher in the coming months and years. The potential of higher prices and more demand for properties should be further affected as more high-tech employees buy in SF. As Facebook goes public for example, you can count on a big impact in the city, especially Bernal, Noe and Potrero.
Bernal also seems to be the alternative go-to neighborhood for buyer who get priced out of Noe.
Paragon Real Estate Group
CA DRE 01844627... more
If I'm understanding your question, some sort of claim was made by the HOA on the building. The HOA should be able to provide you with any financial info you request within a reasonable time period.... more
If you have to ask yourself should I ? It's usually because you feel obligated to but don't want because you are afraid of the outcome.
Always disclose! Find a buyer that is okay with it and be done with it.
Would you rather keep secrets and have the potential of getting sued later?
Two rules in real estate: location, location, location and disclose, disclose , disclose !... more
Did you get a chance to read an article in Examiner "Lost Eichlers: Diamond Heights - Tucked away in the Big City Highlands"? If not, here is the link: http://www.eichlernetwork.com/ENStory3.html. It is great story about the Diamond Heights neighborhood and it pretty much explains why its prices were lagging behind. It was a "modern" neighborhood developed in the 60th. It was an "oddity" if compared with a "look and feel" of other SF neighborhoods. This plus fog could contribute to its prices lagging behind. Will it stay this way? It definitely has an "acquired taste".... more
Are you an overseas citizen or are you a citizen of ATL GA in the US?
If you want to borrow 10% to make your 20% downpayment, there may be a private lender for you but they charge about 10% interest and you will need to provide the private lender detailed information about your investment for loan approval.
Helen Yuen, Land & Property Investment, Inc firstname.lastname@example.org... more