[SD Realtor]

Business is business… That is why as a landlord I would never rent to family or friends.

If you want to do your friend a little bit of a favor tell him you will offer him the 300k and you will buy the property without representation. Thus your friend will not have to pay the commissions to the buyers agent, nor will he have to pay the commissions of a buyers side to his listing agent. So you will be getting a better deal for your friend. Of course his listing agent may not like to do a transaction with a buyer who is not represented. This opens the listing agent up to liability issues.

Also don’t raise a stink if in the future you find out something bad about the property. It is entirely up to you to perform all the necessary due diligence without representation.

I have done a sale where I represented the listing side and the buyer was not represented. However the buyer was a contractor and he ended up doing more due diligence then many buyers I have seen represented by the big name full service brokerages. However, if it was just some guy on the other side, I probably would not risk it as a listing agent. To much to lose.

Anyways, you can give it a shot to see if it works. Can’t hurt right?

SD Realtor

[SD Realtor]

I assume you are referring to the pre-qual of sellers choice. As mortgage fraud escalates it behooves sellers (and lenders in short sale situations) to go ahead and prequalify the buyers directly. Note this is not making or forcing the buyer to use the sellers specified lender. However it does help the seller to get a bit more of a comfort level that the buyer is not bogus. Many times when you buy and REO the lender that owns the property will make you the buyer at least get prequaled by them. Then you can get your financing from anyone you want.

Is this what you were wondering about?

SD Realtor

[SD Realtor]

I assume you are referring to the pre-qual of sellers choice. As mortgage fraud escalates it behooves sellers (and lenders in short sale situations) to go ahead and prequalify the buyers directly. Note this is not making or forcing the buyer to use the sellers specified lender. However it does help the seller to get a bit more of a comfort level that the buyer is not bogus. Many times when you buy and REO the lender that owns the property will make you the buyer at least get prequaled by them. Then you can get your financing from anyone you want.

Is this what you were wondering about?

SD Realtor

[SD Realtor]

It is probably a bot of some type attacking the website.

SD Realtor

[SD Realtor]

It is probably a bot of some type attacking the website.

SD Realtor

[SD Realtor]

The cap gains exclusion is for primary residence and applies to the sale for that tax year. Single homeowners have the 250k exclusion, married have 500k. The exclusion is for that year so when you filed in April of 2006, you applied the exclusion for the 2005 sale.

You do not need to repurchase another home. You are free and clear as long as you filed correctly in April of 06 for the 2005 sale.

I assume you are talking about a primary residence not an investment property..

I am not a CPA or a tax specialist…

SD Realtor

[SD Realtor]

The cap gains exclusion is for primary residence and applies to the sale for that tax year. Single homeowners have the 250k exclusion, married have 500k. The exclusion is for that year so when you filed in April of 2006, you applied the exclusion for the 2005 sale.

You do not need to repurchase another home. You are free and clear as long as you filed correctly in April of 06 for the 2005 sale.

I assume you are talking about a primary residence not an investment property..

I am not a CPA or a tax specialist…

SD Realtor

[SD Realtor]

Rus I sold one of my rentals in Mission Valley back in March. I sold it at a steep discount in order to raise more cash for a dp for a primary residence. I pocketed a nice profit on it but more important I saw more depreciation in store for it. I sold it to my tenant.

SD Realtor

[SD Realtor]

Rus I sold one of my rentals in Mission Valley back in March. I sold it at a steep discount in order to raise more cash for a dp for a primary residence. I pocketed a nice profit on it but more important I saw more depreciation in store for it. I sold it to my tenant.

SD Realtor

[SD Realtor]

deleted, repeat…

SD Realtor

[SD Realtor]

deleted, repeat…

SD Realtor

[SD Realtor]

Could be Perry… One thing I found was that many of the REO properties out there were simply not priced aggressively. I also noticed that when I looked up what the home went for at auction, it was evident that the lender was trying to sell the home on the MLS at a higher price.

I am sure we will see many more of these auctions like we saw a few weeks ago. Based on some of the posts that we saw after the first auction, it seems like there was alot of buying activity. I am not sure that people were getting the deals that they thought they were getting.

It will be interesting to see what will happen when the lenders finally start pricing the REO properties to really sell.

SD Realtor

[SD Realtor]

Could be Perry… One thing I found was that many of the REO properties out there were simply not priced aggressively. I also noticed that when I looked up what the home went for at auction, it was evident that the lender was trying to sell the home on the MLS at a higher price.

I am sure we will see many more of these auctions like we saw a few weeks ago. Based on some of the posts that we saw after the first auction, it seems like there was alot of buying activity. I am not sure that people were getting the deals that they thought they were getting.

It will be interesting to see what will happen when the lenders finally start pricing the REO properties to really sell.

SD Realtor

[SD Realtor]

DDM not the property you asked about is not there. So if you get off at the Poway Rd, Rancho Penasquitos exit, take Rancho Penasquitos west, then after you go under the 56, make a right on Carmel Mtn Rd. Then take it north, it will parallel the 56 for awhile as it runs north and east, then it parallels the 15 as it runs north. Before it crosses over the 15 you will pass alot of lower income apartments and eventually you will hit the Doubletree golf resort. This is the area I was referring to. I am not saying this is a bad area, but it is not as desireable as say the west side of RP by a long shot. There are some crime elements here.

SD Realtor

[SD Realtor]

DDM not the property you asked about is not there. So if you get off at the Poway Rd, Rancho Penasquitos exit, take Rancho Penasquitos west, then after you go under the 56, make a right on Carmel Mtn Rd. Then take it north, it will parallel the 56 for awhile as it runs north and east, then it parallels the 15 as it runs north. Before it crosses over the 15 you will pass alot of lower income apartments and eventually you will hit the Doubletree golf resort. This is the area I was referring to. I am not saying this is a bad area, but it is not as desireable as say the west side of RP by a long shot. There are some crime elements here.

SD Realtor

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