 I just bought a house from a guy whose contract is up with the real estate agency? |
| he actually signed the paperwork last night with me that i had a lawyer prepare. he called me today and said that the realtor wants to collect fees because his sign is in the yard. he wants to ... |
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 How to cancel a contract with a realtor after just signing .? |
| Help my 83yr.old mother does not trust the agent, tried to cancel the contract in 72hrs.he said he will not release her.What to do, who do you contact,what are her rights . I'm afraid she will ... |
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 What does 100 £ "pcm" mean in a house renting ad ? |
Additional Details
100 £ was just an example !
i'm sorry this questions seems obviously stupid to u, but i'm french, and i was thinking it meant "per couple of ... |
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 Coming back to the UK? |
and looking to buy a property that I can keep for a few years,for a future family,at least 4 bedrooms looking in the region of Richmond, does any one know price ranges?Is 1.4 mil enough?
Thanks ... |
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 Is there anything I can do to shut my neighbors dog up besides antifreeze??? |
| I just bought a house and my neighbor keeps his dog right next to my house. They have a small yard so it really has no other place to go. They care about there dog I watch them play with it. It barks ... |
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 Does a real estate agent do ANYTHING other than WAITING on your property to SELL???? |
| OK, I know a lot of realtors lurk around here, defending their profession. So, tell me: WHAT the heck are you meant to do as a realtor??? Because every single realtor I've ever used has done the ... |
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 Do I have to pay rent for a house I never lived in? |
| My family was planning to relocate to another state. We found a house loved it, sent a non-refundable "holding deposit" and signed a 1-yr lease with a term from 11/07/07 (when we planned to ... |
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 Can the real estate person really do this and get away with it? Should we pay him? |
| We signed a 90 day contract with a real estate agent to sell our home. During that 90 day period he was supposed to advertise three times in the local real estate magazine -- well he goofed and ... |
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| Please help? |
is $5300 too much to pay for all closing costs ?
my GFE reads $4800, now the loan officer calls and says they added $489 more to cover the survey costs..! what do i do ? should i pay it or just ... |
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 Is this true? |
| I heard that it was easier to get a loan on a house than a car.... |
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 How do I find out if anyone has died in a home we are purchasing? |
| We are about to purchase a home. I watch to many of those haunting shows like Ghosthunters and Paranormal state so I want to find out how do I find out if anyone has ever died in a home? Is there a ... |
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 I have just had a homebuyers report done for a house, the value is alot less than our offer, can we negotiate? |
Additional Details
the report has shown things like needing a new roof. this would cost a few grand to do and also the property value is about 13 grand below my offer.
can we ... |
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 My fiance and I are buying a home, but I will not be on the paperwork? |
| We are going to get married this year, so we are buying our home. In the midst of this, I lost my job at the time we were filling out the loan forms. My fiance makes enough money to qualify alone ... |
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 Is it legal to rent a house if you are paying an interest only loan? |
| we rent a house and just found out that the owner is on an interest only loan, he just bought it and we are concerned that he has illegally rented it to us. Should we be? and what happens if the loan ... |
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 Need help with landlord dilemma? |
| My husband & I have always paid out rent on time. Last month was an acception due to an emergency. Now my landlady claims that we have bounced the rent checks for Aug. & Sept. She took our ... |
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 Should one buy a 100,000 flat in central London? |
I'm looking for a flat / house at the price of about 150,000 - 170,000£. With this money, I expect to live far from central London.
But I was surprised to find one can still buy a ... |
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 Is it possible to sell your house "By Owner" if you don't live in the same state as the house? |
| Cut to the chase: our house is located in the Denver area. We now live in the Kansas City area. Our house has been for sale for eight months ... no nibbles. Is is possible to try to sell it ... |
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Jill knows best | Can I really afford this? |
I am a single mom looking to buy a house. I was qualified for 185,000.00. Most people know that when you quilify for a certin amount that you want to stay under that. I found a house that i would like to make an offer on, But I want to know if I can afford this on my own. What are things that I have to consider besides your house payment and property tax? you have electricity,water, garbage, heat/air, food, daycare, car payment/car insurance/phone bill. What are other things I may not be considering?
Additional Details
I qualified for 185,000.00 home. I make around 18.00 hr. I pay a car payment 240.00 every month. My car insurance is 455.50 every 6 months. I do have credit cards but with very low balances on them. (I have to cards)- I can pay them off to zero b4 buying the house. I have about 1,500.00 in the savings. And last but not least day care which runs about 500.00 a month. |
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becca9892003
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you are better off finding a house under your budget then trying to stretch it.....you may have private mortgage insurance tacked onto your payment, cable, phone, car payments, emergency money in case furnance or water heater break, or anything else for that matter..noone should even consider buying a house unless they have at least 3 months of theri total bills in a rainy day fund..what if you become ill and cant work for a spell...or god forbid you lose your job.....or your roof leaks...or many many other things..you are better off being prepared now with a very affordable payment then losing your house in a year or two.. |
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GI
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Entertainment and cloths, cable or satellite , student loans or other credit cards, special occasions like birthday and Christmas, |
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Cloee Quips
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A new roof, an exploded hot water heater, the a/c unit breaks. The toilet overflows and ruins the sub-floor and the whole bathroom has to be ripped out. All the while the kids need their stuff and health care. Homeowneship is a lovely dream, but it doesn't always make the most financial sense. Don't strap yourself. |
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Sam
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gas prices...
also need to consider that you need to clothe your children, and you need to pay a cable/satellite bill and also internet.
household products like tissue, cleaning supplies, soaps, shampoos...
good luck |
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Nancy
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You should stay below $150,000 and closer to $100k or below is probably better for you with one income and debts.
You should probably have reserves of around $200/month to cover all unforeseen expenses. |
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JEDI MASTER YODA
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First, CONGRATULATIONS!!!
On your decision to purchase your own Home and eliminate a monthly RENT payment for housing for you and your family.
You want to now search for a home in an area that has RE appreciation, good schools, good shopping access, good access to roads, and low crime.
You can get some helpful city comparisons on key factors at:
www.city-data.com
www.homestore.com (City Comparisons)
www.census.gov
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Other housing costs to consider when buying a home:
- Home Insurance
- Property Taxes
- Up Keep
- Utilities
- Landscaping
- Cable TV
- Internet Services
- Security System
- Home Owner Assn Dues
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
This is the biggest investment you will make in your life generally. However, home ownership is the American Dream as it provides you wtih "Economic Empowerment" so again "CONGRATULATIONS!"
Get more help at Wells Fargo Home Mortgage, the #1 Mortgage Lender and the #1 Home Equity Lender in the US:
www.wellsfargo.com
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Have a great week ahead!
GOOD LUCK! :-) |
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walkinandrockin
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The hardest thing to remember to consider is the unknown and unexpected costs. Leaky roof, A/C replacements, increase in homeowners insurance, basic upkeep in painting, lawn care, toilet leaks, car repairs, clothing, entertainment costs (do you want to be strapped down with no outlets for fun), etc..
best of luck |
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angela
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Banks used to use a 25/40 ratio. Your house payment wasn't to exceed 25% and your total debts weren't to exceed 40%. I don't know if they still stick to that or not. Sit down and add up all of your expenses right now, excluding what you are paying for rent. After you add those then add on what the house payment would be. Does the house payment include taxes & insurance? If not, then add in a monthly amount for those. Do you still have money left over? Consider how much higher the house payment would be compared to what you are paying now. Do you feel comfortable that you could pay that amount without straining your budget? If so, then you are probably ready to make an offer. |
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SCH
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You don't mention how much you make or your other obligations (ie cars or credit cards)...a good rule of thumb is to make sure your payments will not be more than 33% of your gross income...this should include propertey taxes as well. Since you have been approved you should ask them for a payment breakdown and ask them to include escrow. |
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blue-eyed lady
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You also have to include like entertainment things like going to the movies, buying DVDs, or maybe going to the theatre or something. And also going to festivals, parks, or other stuff. |
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BoomChikkaBoom
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At $18 an hour for a 40 hour week, you gross 720.00 a week, or a little over 37,000 a year.
There is absolutely no way that you qualify for a 185k mortgage if you only make 37k a year.
185k is 5 times your yearly income.
Get as far away as you can from whatever sub-prime lender is trying to sucker you in on a loan that you can't afford.
A 185k loan at 7% over 30 years will be $1,231.00 a month. Add on PMI, taxes, insurance plus all your regular expenses and a cushion for repairs and emergencies, and it all adds up to more than you make.
You need to find a much cheaper house. |
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