I have a client looking for the home on the low end (very low). He is a good guy and single. But he is a project type person with a lot of stuff (in some quarters called junk). He wants a decent sized lot and a single family home in Brentwood or Oakley. He has been Living in Brentwood for some time.

We have actually found several homes in his price range that he likes. The problem is he is getting a VA loan, and he had to shop around to get that with the DTI that he needs. So why can’t he get the home he wants? Because the VA will not loan on a home that needs too much fixin. The FHA will loan on a home that needs some fixin via a 203K loan.

These sellers are banks. They don’t want to invest in repairs for a potential sale and are not to wild about waiting around on a 203K loan. He might be able to do it, but he cannot buy from the bottom of the barrel. It is actually going to be easier for him to buy a up a little.

Each home is unique and if you want an evaluation of your home please let me know.

If you are interested in Buying a Home or Selling a Home in Brentwood or anywhere in East Contra Costa County, Antioch, Oakley, Discovery Bay, Pittsburg and others please contact me. I specialize in helping buyers of Bank Owned Homes. For regular updates please subscribe to this blog.

 

 

Subscribe to Gene Riemenschneider's East Contra Costa Home Blog by Email

 

 

 

Find Home Point Real Estate on Google+

Home Point Real Estate

-

Turning Houses into Homes

 

 Search Brentwood Homes

 

 Search Discovery Bay Homes

 

 Search Oakley Homes

 

 

0 Comments on Cheap, Cheap, Cheap! Why does this bird have to spend more?

Login or register to leave a comment
 
Gene_head_shot_10-10 Rainmaker_large

Gene Riemenschneider East Contra Costa Home Sales 01492725

Brentwood, CA

More about me…

Home Point Real Estate

Address: Brentwood, Oakley, Antioch, Pittsburg,, Discovery Bay, Investors, Brentwood, CA, 94513

Office Phone: (925) 260-4321

Cell Phone: (925) 260-4321

Email Me

<!---- start copying here ----->Author Bio: Gene Riemenschneider is the Owner and Broker at Home Point Real Estate. He is a Realtor and a SFR (Certified Short Sale and Foreclosure Resource). Home Point Real Estate works with Home Buyers, Sellers, and Investors.<!-- insert your own bio between the <p> tags ---->   <!--- stop copying here. Paste all this into Notepad and change out the obvious stuff...like my name and the link to my Google profile. Then -------> Clicky Web Analytics

Clicky

Submit Blog


Listings

Links

Archives

RSS 2.0 Feed for this blog