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Market Conditions : Nationwide Real Estate Advice

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  • Local Info59K
  • Home Buying255K
  • Home Selling42K
  • Market Conditions26K

Activity 26,560
Yesterday at 6:01am
Vicki Brooks answered:
I am trying to find out the 1-3-5 mile income to a certain location in Camden,South Carolina. Can anyone point me in the right direction?
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Sat Feb 25, 2017
Paul Andrews asked:
House is in energy boom town &market has stabilized. Questions: 1) how do I sell 1 side of duplex? Do I try & hold out for another boon?
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Wed Feb 22, 2017
Megan Abshari answered:
Does anyone know who were the builders who built in Parkwood Lakes in the late 1990's early 2000's? My buyer is interested in knowing who the builders were but I can't find any of that info online. Thanks for your help everyone who knows the history of that community. ... more
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Wed Feb 22, 2017
Ldyscorp3 answered:
my rent is going up some people rent have went up as must as 75.00 more dollars a month I like the location and the neighbor hood. just want to see ow much they will go up on rent
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Wed Feb 22, 2017
Pickenarts asked:
stone, stucco, tile roof, 3 beds, 2 1/2 baths, study and formal dining, huge upscale kitchen with grotto cooktop area, pot-filler fauce, wine fridge, 2 heating/cooling systems
large living…
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Thu Feb 2, 2017
Sheryl Arndt answered:
Theses links should have the answers to any questions you may have on schools:
http://www.greatschools.org/
http://Www.schoolfinder.ca.gov
http://Www.education.com
http://Www.schooldistrictfinder.com
http://Www.schooldigger.com
http://www.sarconline.org/

These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

The rentals in Studio City start from $1,550 for 1bd 1ba apt, $1,950 for 2bd 2ba condo, $2,995 for 3bd 2ba condo and the single family homes start from $3,800 for 2bd 2ba home.

The purchase in Studio City start from 339k for 1bd 1ba condo, 375k for 2bd 2ba condo, 459k for 3bd 2.5ba townhome and the single family homes start from 635k for 2bd 1.5ba 1,498sf home.

If you decide you want to buy you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

If you are buying a primary residence you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
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Thu Feb 2, 2017
Sheryl Arndt answered:
Hello Jovani, your right no one can predict. The purchase in North Hills are currently 195k for 1bd 1ba 642sf condo, 198k for 2bd 1.5ba 935sf townhome and 315k for 3bd 3ba 1,276sf townhome.

The rentals in North Hills start from $1,250 for 1bd 1ba 650sf apt. A CMA, comparative market analysis, can be provided to determine your current market value to make a decision.

You could then purchase using your VA again. I am a Veteran and love assisting Veterans. My office is in Woodland Hills. Let me know if you have any questions.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Thu Feb 2, 2017
Crjinwi answered:
lots are buying, just prices fell, you may consider what the home will rent for till the value come up, rentals are very high right now. but again do thru and agency so all on the up and up
perhaps you can room with someone till income recoups
... more
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Thu Feb 2, 2017
Mayuriseeds1995 answered:
Tue Jan 31, 2017
Jonathan Lahey of The Lahey Group answered:
Mon Jan 30, 2017
Rich Reed answered:
http://www.bankrate.com/finance/real-estate/home-values.aspx $240,900
http://www.bankrate.com/finance/real-estate/california-home-values.aspx $349,200
0 votes 1 answer Share Flag
Mon Jan 30, 2017
Malcolm Lawson answered:
Section 8 is tricky as for landlords because they require additional inspections by the county that must be met. Because of this many landlords prefer not to rent to them. In chalres county they can do this, however in PG county they can not. In PG county there is a law saying you can not discriminate against potential tenants based on there source of income. This means they can not turn you away because your income comes from section 8. ... more
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Sat Jan 28, 2017
Ckizzee answered:
is suncreek ranch in risaron in flood zone
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Sun Jan 22, 2017
Vanessa Wilson answered:
Hi this is vanessa. How are you doing this evening. I'm looking for some educational tablet for my grandchildrens. I need about 5 of them . If you have any reasonable tablet I would appreciate very much. From Vanessa Wilson. You can rreach me at 9739816761. Thank you. You have a blessed evening. ... more
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Sun Jan 22, 2017
Louise Wild answered:
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