 Estate agents cant value my property? |
My mum and dad have a unique house and the local estate agents have no idea of price.
It's a very nice house and different to any in the town they live and so is more likely to sell ... |
|
 Who takes pictures of the interior and exterior of homes for sale? |
| I like to look at houses for sale on local real estate sites. And I like taking pictures. It seems that the houses that have pictures would probably sell better. Could I contact a company and take ... |
|
 Buying a house...advice please!? |
| We accepted the sellers counter offer. But they said someone else was going to come look at it today. So, if these people put a bid for it that is higher than what we accepted, can the seller than ... |
|
 Who gets house? |
| I meet my wife amost 3 years ago , dated a year and married for almost 2 years. She has a son age 7 that also has been living with us. I have bought a house a year ago with my name on the loan and ... |
|
| If I like a property marked at 190k, what offer is reasonable considering the current market at the moment? |
| Of course we all want a bargain. Is anyone a Uk estate agent who can give me ideas of what offers are being submitted compared to asking price??... |
|
 Will the new mortgage bill help families who have already lost their homes to foreclosure? |
| It says it will help homeowners who currently are in peril of losing their homes, but what about those who have already lost their homes this year? Will this bill help them to obtain a loan to buy ... |
|
 Who has to pay for apartment utilities not specified in the rental lease? |
| Recently the sewer bill for my apartment came (it apparently only comes once every 3 months). My lease states I am responsible for hot/cold water, electricity, and heat. It also says that the ... |
|
 How does joint or co-ownership of a farm work in terms of decision making? |
| My wife and her 3 sisters will be inheriting 160 acreas of farm land. Since there are actually 2 farms, 120 acres of good land and 40 acres of mediocre land, the trust is set up for each sister to ... |
|
 Can my landlord do this? |
| My husband and I are currently renting and our lease isn't over until February. Our landlord drops by the other day and informs us that he has come in contact with some potential buyers and ... |
|
 What are my rights? Its long but PLEASE help!? |
| Our landlady recently dropped round unexpectedly (she left a message on the phone but didn't speak to us in person as requested). She has written a note to complain about the state of the flat. I... |
|
 I just got a 30 day note to vacate the place I signed a 1 yr lease on due to foreclosure, do I have to leave? |
| I moved in 3 months ago, just got a notice that I have to be out in 30 days due to landlord foreclosure. I definately do not have the funds to do the whole moving thing again with only 30 days to do ... |
|
 We are buying our first home, is it better to to talk to banks to be pre approved or let the real estate agent? |
| We are buying our first home should we talk to banks ourselves to be pre - approved or go through our real estate agent and let him work out the details with the banks?... |
|
| As a tenant with an expired contract, how much notice do I need to give? |
Hi,
I had a 6 month rent agreement with my landlord. After the contract expired I have continued to live there regularly paying the rent. I now want to move out.
Q) How much notice ... |
|
 Spanish Word for gun? |
| writing a story and I need the spanish word for "gun"... |
|
 What are the risks to me in allowing someone to take over payments on my mortgage? |
| This has been a rental house for 3 years and is much more trouble than it's worth. I'd like to sell it outright, but don't have the money to fix it up enough to get a good price and I ... |
|
|  |
omama | Buying a house. dont know anything? |
what are property taxes? how do they work? do you pay a little each month? what causes them to go up? can you please explain property tax to me. please make it as simple as possible
Additional Details
also, if the house is owned by the bank can you still negotiate offers and try to get them to pay for some of the closing costs |
 |
 
donald e
 |
on additional details you can try to negiotate however if the bank owns the house my experience is that they probably wont negoitate much, now property taxes are assed by the county and state, you can escrow, pay each month 1/12 into an account held by the lender, o r if paying on ur own put it into a savings account monthly to pay at the end of the year, note if you dont put 20% down the lender will force you to escrow (pay it with your mortgage payments each month) the only thing that can cause property taxes to go up is if the local or state governement raises them, buying your first home get to borders they have the dummy books you have seen them for computers, there is one out called, "HOME BUYING FOR DUMMIES" great book for first time homebuyer explains everything in laymen terms, i have recommend this book to a number of highpatrol officers who told me the best they ever read, gl. |
|
TFB
|
sign up for first time homebuyers course asap |
|
countryguyhfc
|
Property taxes are taxes a property owner pays on their property based on the assessed value of the property. Usually they are paid in either a single payment due by the end of January or one payment due by the end of January and a second payment due by the end of July.
Usually when you buy a house you have to borrow money to do so. The lender will want to make sure that the government does not seize the property due to delinquent taxes so they set up an escrow account and make you pay into the escrow account enough money every month so that when the taxes are due they pay the taxes from the escrow account. They do the same thing for your homeowners insurance. This also makes it convenient for you. This may sound like a lot of paying just to own a home, but in most cases it will still be less than if you rented the same property.
The assessed value of your home may go up every year on your tax bill, but that does not necessarily mean your taxes will go up. If there are many new homes in your community they may actually lower the mill rate (taxes per $1000 of property value) so your taxes could go down. |
|
jasonm
|
Property Tax, also known as
"ad valorem", is based on the
value of property, both
REAL and PERSONAL.
It is used to partially fund
the expenditures of local governments including school
districts and for the State's
bond debt redemption.
Also, here is link to first time homebuyers...
http://firsttimehomesbuyer.info/ |
|
Prophet 1102
 |
Your property taxes pay for things like schools, roads, etc.
The amount you pay is based on the assessed value of the house (a percentage expressed in mils). Example, the tax on a $100,000 house might be $1,000 a year. Varies by County/City. The County Assessor determines the value of your house periodically - some do it yearly.
The mortgage company collects 1/12th of the expected taxes as part of your monthly house payment and puts it in an account in your name (an escrow account). Your monthly payment includes, principle, interest, tax, and insurance (PI&TI). When the tax bill comes, your mortgage company pays it. They do the same for your house insurance bill too. If you didn't pay enough into your escrow account, the mortgage company essentially "advances" you the amount needed and increases your monthly payment - or bills you to make up the shortage in your escrow account (depends on the amount).
If the value of your property goes up, then your taxes go up, and vice-versa. Except in California where they passed Proposition 13, which only allows the tax rate to go up when the house is sold. Because house values were skyrocketing and old people who bought houses for $30,000 couldn't afford the tax on a house now valued at over $1,000,000. |
|
chatsplas
 |
I hope you're NOT in over your head.
Property taxes are charged by government (county, library, schools, mosquito abatement, etc). They are generally paid twice yearly, in arrears (for the prior year). Most lenders collect money from you monthly for your escrow account for taxes and maybe insurance, and charge you a fee for paying your taxes. Once you have adequate equity in your home, you can stop the escrow and pay them yourself, if you have enough self-control to save it up and pay them.
Sign up for a first time homebuyer course or check out the websites for them. |
|
~!HoNey BeAr!~
|
I DON'T HAVE A CLUE EITHER HOWEVER IF YOU HAVE A MORTGAGE BROKER OR REALTOR OR WHAT EVER ASK TO HAVE THEM INCLUDE AN ESCROW ACCOUNT INTO YOUR MORTGAGE AND WHEN YOU PAY YOUR HOUSE NOTE SOME OF YOUR PAYMENT EACH MONTH GETS PUT INTO AN ACCOUNT THAT YOUR TAXES AND HOUSE INSURANCE COME OUT OF.. ASK ABOUT AN ESCROW ACCOUNT!!! |
|
jellyfish
|
I wouldn't except any info re: property taxes from anybody you don't know and might not be a professional. Oh yeah...don't let your realtor recommend an inspector for you...find your own! |
|
nwftbl25
|
Property taxes vary by municipality and state. Basically they tex the value of your home and you are responsible for precentages of a local government. Things included in property taxes are generally police, fire, public safety, schools, etc. Chances are your county has a property tax office that can give you an idea of what you will be paying. Also depending on the state you may be required to pay the total amount once a year or monthly.
If you go to zillow.com and type the address of the home it will display the previous years property tax amount. If the home's value rises it is likely the property taxes will rise as well. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 5 minutes(s) ago
| | | |
9 | 24 minutes(s) ago
| | | |
9 | 35 minutes(s) ago
| | | |
8 | 58 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
