 At what point is a real estate agent being a bully and at what point are they helpfully guiding? |
| My fiancee and I are buying a house that is livable but needs a lot of work. All parties in this deal know this. The seller's agent is being abusive since receiving our home inspector's ... |
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 Shall we pay more for renting a house if other people move in? |
| We rent a house (2 of us) for 450 a month. Now my brother and his girlfriend would like to move in. Can the agancy say that we have to pay extra? I belive we rent the whole house for 450, regardless ... |
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 We rent a house. The landlord is going to repair the plumbing. ? |
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| My husband is getting a windfall in February and we have just started looking, we have found the ideal house for our family. The house has been transferred to the two grown daughters of the origional ... |
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| My fiancee just moved in to our apartments a month ago exactly yesterday. the 15th and we have to move to texas A.S.A.P. we paid $200.00 deposit plus a additional deposit of $731.00 that is almost $1,... |
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 Putting an offer on a house? |
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I am getting my first home and with all the bad news going around regarding lenders, I am wondering if this two types of loan are one and the same.
thanks.... |
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| I am in the process of buying a home in Oklahoma with an expected close date of Jan 31, 2008. My lender is working on the final approval and I have been told we should be able to lock our rate very ... |
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 I'm in the process of buying a home, the home was appraised for less than what the seller is asking for.? |
| What happens next for me, does the seller lower the price to reflect what other homes in the neighborhood are selling for? Or do I have to start the process of looking for something else.... |
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| We are selling our house for sale by owner and have had realtors bring prospective buyers through. We are willing to pay commission, but 3% is going to hurt a little. We could swing 2.5% or 3% if ... |
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 Is zillow.com accurate? |
| I LIVE IN A VERY NICE SUBURB IN MICHIGAN. WHEN EVER I TYPE MY ADDRESS INTO ZILLOW THE PRICE OF MY HOME COUNTINUES TO DROP WHICH CAN NOT BE TRUE. I HAVE PUT THOUSANDS OF DOLLARS INTO MY HOME FROM HARDW... |
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 My landlord has increased rent pass my business income? Is there anything I can do? |
He isn't making repairs or maintence. Can he continue to raise my rent?
Additional Details
There is 3 other units rented out. I have the largest for the last 15yrs. If I have to ... |
|
 What is a good website to fine houses for sale? |
I'm looking to by a house in northeast N.C.
basically on the border of VA still on the
coast but the houses I'm finding are really
expensive and we are looking at the most<... |
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 The mgmt of my apt entered illegally without 24 hour notice and woke me up. naked. what can i do??? |
oregon law requires landlords to give 24 hours notice before entering an apt or they owe one months rent/ my neighbors also did not get notices
Additional Details
http://www.oregoncat.... |
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KAREN W | Can my aunt sell me her house for peanuts or does it have to be market value. I am in the u.k. England? |
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 |
 
steffi
 |
There is no law against it, but if your aunt sells you her house for peanuts, you and she both need to be aware of any tax implications. If it is her main residence, does she intend to still live there? If so, to avoid the value of the house being taken back into her estate for inheritance tax purposes, she would have to pay you an economic rent (that's a market value rent). You would be taxed on that. Even if she is moving elsewhere, she would have to live for seven years to avoid IHT. Also if you were to get divorced or fall out with her, she could lose her home.
If it is not her main residence, the property transfer would be regarded on the market value of the property,whatever the actual purchase price, and your aunt would be liable to Capital Gains Tax.
What I would suggest is to do what I did, consult a financial adviser (a proper one, not one of these fly-by-nights who do a couple of days' training, and then set up in business), and consider a trust being set up. It costs, but is worth it. |
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rhsaunders
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A token sum sale is permitted. |
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P P
|
If pressed, the government/taxman would probably consider the difference between the price and the value as a 'gift' and treat it accordingly.
If you are really going to go through with this it would probably worth getting professional advise.
I think gambling is outside all the tax rules -- so if you 'won' the house you may be better off... You never know... |
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david.hutchings3@btopenworld.com
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if it is her house she can give it to you if she wants
to |
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ootmaheid
|
She can't sell her house to you for peanuts because the Inland Revenue would be after her. Land Registry checks the sales of properties and he may think that she is trying to avoid paying tax. She can only gift you a certain amount every year...or make a one off gift as a wedding present for I think that it is £3000...
Sorry...you need to be an MP to get away with this sort of thing! |
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R J
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unless the law has changed you can legally sell anything for the minimum ammount reconised legal tender which is £1.00 stirling. But check with a solicitor first because it would have to be legally binding. best of luck. |
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Catwhiskers
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You can sell it for whatever you want. Not many people would be interested at a price higher than the surveyed value but lower is fine. |
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borolass
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if you intend getting a mortgage, the lender will ask a few questions if it is bought for less than the market value. they will be worried in case there is something wrong with the property that they need to know about. It might have had subsidence or something in the past that you have agreed to ignore for a cheap sale, and they will be concerned. if not mortgaged, she can give it to you for nothing if she wants! |
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Marcus
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Your Aunt is going into a home and they will eat the property value in paying for her accommodation?
No, nor can she transfer the property to your name, it has to be marketable value, (bottom end).
Only way around it is to look after her yourself. Sorry a friend just had this problem and she and her sister actually bought the house in their mothers name. |
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♥brutal♥
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not sure peanuts are an acceptable form of payment in this country.
we use POUNDS which come in the form of notes, coins or cheques. one could even transfer 'money' electronically. |
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