Please answer separate.

9 years ago

No idea on any terms for housing or calculations either at the moment. I am unsure how accurate I am on mortgage definition either. Yet I live in sac but my hometown is Modesto. 1.I see on house buying sites houses in Elk Grove that are a total of 20000 to buy and they're like 1000-1300 square feet. Is this true? Could those be the actual prices listed? Prices like that were in homes.com and realtor.com. It's just I talked with an uncle who lives in the lesser town of Modesto and he said if you rent (isn't rent cheaper than buying) you should expect a place to cost $800 monthly.
2. For let's say Elk Grove Lodi even Manteca and galt how much will price increase in the next 3 years let's say for the record?

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sushipup1

9 years ago

Few if any people on this forum are experts in the details of the areas that you mention. You should talk to several experienced realtors and also a mortgage company to get a real idea of what you qualify for.

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Comments (6)

ncrealestateguy
9 years ago
Exactly what sushipup advises...
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gyr_falcon
9 years ago
A lot of different things might be going on. Look closely; are those listings foreclosure/auctions that may not actually go to auction on the date listed nor for the price shown, mobile homes, special use locations etc.?

Near our area, there are sometimes listings showing the price to be $1. And they truly are selling it for $1, if they can find a buyer. It is senior only living, and the HOA fees can be thousands of dollars per month (they do get a lot for the HOA & fees). But when the owner dies, and no one in the family can use the housing, the fees continue to be owed. The estate just wants out.
Linda
9 years ago
It sounds like those homes are seasonal rentals. I've had calls from people who saw something for $20k and thought it was a purchase price. Its for a 3 or six month or seasonal rental. A lot of the sites out there now just feed from the MLS and it doesnt pick up all the details of what is actually listed.
sushipup1
9 years ago
I'm somewhat familiar with the towns mentioned, and none would be vacation or seasonal rentals.
User
9 years ago
Why not ask a local professional these questions?