 We put an offer on a house on Monday. The offer expires Thursday at noon.? |
It is now wednesday afternoon. Should I call them and see what is going on, or wait for them to call me? It is for sale by owner, not a realtor.
Additional Details
p.s. I didn't ask ... |
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 How can I get poof of income? |
| I am relocating to another city in a couple of weeks for a new job and I need an apartment. Well the apartment complex is going to need to see proof of income? How can I show them proof of income ... |
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 Selling your home? |
| I am trying to sell my home by myself but I have no idea what to do in regards to paperwork, deeds or titles. If I do have a buyer, who would I go to when they get the approval from the bank. Do I ... |
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 What are the chances I get a home loan? |
| I have filed bankruptcy a little over a year ago. I have students loans and 2 credit card bills. I own my car. I have a fair credit score. I make around $26,000/yr. What are the chances I get a ... |
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 My title insurance company didnt disclose an easment ( whats it worth?)? |
| I found out 2 years after buying a house that there is an easement on my property that the title insurance company didnt report, from 1944, from a pipeline company, a lawyer said he has never heard ... |
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| Tenant trouble? |
| I am a council tennant & when i was rushed into hospital & had to have major emergency surgery i went to stay at my partners for a short time - a friend of his who hes known for 6 yrs moved ... |
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 Is it normal to have the seller pay for the closing cost? |
| I just had a good faith estimate done for a home loan, the closing costs reach almost $9,744.00!!! My loan advisor told me that the seller can pay the closing cost. Is this normal? Does it depend ... |
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 Why are homes so expensive in the UK? |
limited supplies? not enough houses for people? I just read an article about how expensive it is in the UK, just woundering why?
Additional Details
yeah the article said middle or high-... |
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 My boyfriend moved to be with me 300 miles from home. |
| He was mad that his one ex moved them an hour from where he was. When he moved here all he did was complain, my son didnt go to bed on time, my daughter was a smart mouth and to noisey, he complained ... |
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 First time buying a house and i feel like i'm getting screwed with my payment, any advice? |
| i am in the process of buying the house we've been renting from my mom. she purchased the house for 320 and it was just appraised for 300. i'm taking over what's left so i'm ... |
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 Can I get house mortage without social security ID? |
I am student in USA enrolled recently to the university and I will stay for about 4 years.
My VISA is F-1 student VISA
currently I am living in rented apartment but I would like to have my ... |
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 What happens when you have an oral contract with your land lord and he wants to sell the house 2 mon. after? |
| I have rented from him for 3 yrs. and have had no contract ever and no problems. I recently moved into another rental of his and did another oral agreement. When we moved in he stated he did not want ... |
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 How much money would i need to put on a deposit for a house? |
| I am 21, wanting to get onto the property ladder and would like to put down a good deposit! Can anyone help by telling what would be a good amount????... |
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 Can my landlord evict me? |
| I have been living here for 4 years. In that time I have bounced 3 cheques. Every time a cheque bounced, I advised the building manager before he heard it from the bank and provided a replacement ... |
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 Does the amount you pay for mortage every month increases overtime? |
| my parents just bought a home that they cant even afford (700.00 in san francisco),the mortage payments will be 10 thousand dollars every month for 30 years,which i think is totally crazy,i am sure ... |
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 Can i report a landlord? |
| my brother in law became my landlord and i go without heat for weeks and days at a time no hall way lights either its unsafe to live here.and i have animals running around in my apt walls,and when ... |
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Paul M | Can real estate ever depreciate? |
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Steve C
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yes, easily....
build a sewer next to it, a toxic dump, nuke it.... industrialize... bad neighborhood... gangs... whatever... |
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The Man
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Sure. You can take a depreciation deduction on your taxes for rental properties and home offices. Real estate value can also go down - case in point - the current real estate market. |
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peterpfann
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there are a few different kinds of depreciation
If you mean the reduction in current market value, well yes, market conditions change, largely dependent on supply and demand, the higer the demand, the higher the prices, the lower the demand, likely prices will go down or stall.
However there is plenty of historical data that will show you , where ever you are that over a 10 year period real estate average values are most likely to go up in most if not all areas.
There is another type of depreciation
for tax reasons people can write of the value of the improvements of a property (buildings, shed, etc) over a longer period of time we in canada call it depreciation, and can only be done if the property is used for some commerial purpose and or revenue purpose.
a third method of depreciation occurs when improvements on a property ( buildings etc) wear out, like the roofs, carpets, etc, and or its design, some will refer to that as depreciation as well.
I hope this answers your question,
The good thing with most real estate is, if you keep it long enough it will go up in value, just wait and see. |
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KL
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Of course...usually it has something to do with the environment or job availibilty |
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AG
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Yes, real estate can loss and gain value. It will depend on a lot of factors, including the market, location, condition, etc. |
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Cate A
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You bet! If your neighbor decides to make his front yard a junk yard, your property will be devalued. Then there's eminent domain which has become a horror to many long time homeowners recently. When big business (not just the government) decides your land would make a dandy mall, or Walmart, they have money and resources to change your zoning code. So long home. |
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kobacker59
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Sure it can. It is very speculative. Neighborhoods/cities change constantly. |
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Piffle
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yes, and in other news 1 + 1 = 2!! |
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JoeyGirl
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mobile homes do, especially if they're not on land. they're like cars... |
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Jill B
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Sure! It has before and is happening now!
Not sure, but............
Keep in mind...........
Times and markets are changing!
In California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???
This last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.
From 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!
With all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!
For some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:
http://www.brokerforyou.com/brokerforyou/
http://www.san-diego-for-sale-by-owner.com/
http://www.downtown-san-diego-real-estate.com/
http://www.palermo-homes.com/
http://www.poway-real-estate.info/poway-real-estate-brokers.htm
http://www.los-angeles-real-estate-brokers.com/
http://www.orange-county-real-estate-brokers.com/
http://www.san-francisco-real-estate-brokers.com/
http://www.san-jose-real-estate-brokers.com/
http://www.brokerforyou.com |
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Searchlight Crusade
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Contrary to what some in my business will tell you, YES! Southern California has gone in cycles my whole life. The overall trend is up, but that doesn't help if you bought at peak and have to sell at trough. |
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poisoneva
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Ever seen Detroit? |
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Lyn K
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absolutely !!! if u buy,say,a 200,ooo home,keep it for 20 years,but never repair ,repaint,or clean it,anmd let it start to fall apart,u wont get 200,000 for it.if u keep the house up,and even make improvements,u'll get more than u paid for it. if ur neighborhood was gr8 when u moved in ,but now its gotten run-down,surrounded by crack houses or something, ur land and home will depreciate,as no one will want to live there. |
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