 Will california house prices ever go back to cheap? |
| i was wondering because i moved out of state, and really want to go back. but im afraid of taking my whole life to pay off a home. compared to other states with cheap ... |
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 Help for mortgage, independent financial advisor and putting in an offer on a house.? |
I went to 3 banks for mortgage quotes, halifax, hsbc and alliance & leicester. Halifax could borrow me the most money, then hsbc, and then alliance & leicester.
I then looked around for ... |
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 Can we afford it or should we just wait? |
| my family wants to buy a house that is around $699,900. we dont have the 20% down payment needed, so we are just waiting to see if we can come up with some money. we pay $15,000 a year for middle ... |
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| My apartment pool has been down for over 6 MONTHS, how can I make them fix it?!? |
| Part of the rents I pay were to have a working pool, and this is in sunny Florida where it gets really hot. The pool has been down since last year and they keep promising it will be fixed soon, but ... |
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 Can I have some advice? |
| I asked a previous question, where in the US in the best place to live? I want a homey place, and where I can enjoy all season's. I'm in love with nature and I want somewhere I can enjoy ... |
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 Is 4% fixed a good deal for a home loan? |
| I got approved for a home loan at http://www.get-a-home-lo with a 4% fixed rate loan. Is this a good deal over 30 years or should i go 15... |
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 As a landlord........... how much can I raise the rent???? |
I thank you all for your answers, please note that I am in South California Charging in a house for only $1,000.00 dollars per month.
I would like to raise it to $1,500.00
the area that the ... |
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 Someone help!!!!!!!? |
| I was trying to get my first home but everybody I've called for a home loan said my credit wasn't good enough to get a loan how can i get a home loan to go towards my first home with out ... |
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 Having trouble with our house sale ...please help!? |
| We're currently in the process of selling our house. We are now in week 6 since we accepted an offer on our house. The buyers (who are not in a chain) have had a homebuyers report done on our ... |
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 I have two houses, one about to go foreclosure? |
| I have two houses and im about to lose one because i cant pay it, will the bank add the balance to the one im currently paying? or what will happen? i know i need to get in touch with the bank, but ... |
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 Where do I post a message such as "looking for roommate in <Town and Area>? |
| I know I can post in the newspaper, but where else is good for posting in larger zones? or even smaller ones. Does Yahoo allow it?... |
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 Is it better to pay down my current mortgage and refinance or refinance and use the money for downpayment? |
| I have inherited some money and I want to use it to pay down the debt on my house and to make the payments lower. Would it be better to pay the mortgage down $100K and then refinance the $75K balance ... |
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 How much money is TOO low for an offer on a house? |
| I mean is there a general rule for this? For example, is offerering $190,00 on a $220,000 home to low? The home needs some work (it's a cape and the 2 bedrooms upstairs need to be dormed, needs ... |
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 Why can't I find land to build a house on that isn't surrounded by trailers in central Alabama? |
| We built our last home in Odenville, Alabama 4 years ago. Now we want to build again, but everytime we find a piece of land (5 acres or larger), we find trailers all around it. What happened to ... |
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 What is a draft contract? |
| It will be 3 weeks next monday since we accepted an offer on our house. The couple who are buying it have yet to get a valuation report done let alone a survey organised. I rang up the estate agent ... |
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 Roomates in apartments? |
| ok, so im either moving to minnesota or North Dakota and I want to room with someone in a apartment. This sounds dumb, but someone was telling me if you look in the minnesota newspaper, people put it ... |
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 Mortgage payments whilst in uni.? |
| Me and my partner are both in uni starting september but how are we going to pay the mortgage? It is important that we go to uni in the long term but how are we going to survive the next few years? A... |
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DaleUK | Could we afford to buy land for £16,000 and build a posh property on it? |
We're a small family, all with average wages. I myself am a full time student who also works part time at a call centre, my mum is a supermarket supervisor and her fiancé runs his own landscape gardening business. My grandfather is also a builder. We have been offered a several acre piece of land by a farmer in a fantastic area where large, expensive houses tend to be built, for £16,000. It seems an absolute bargain.
This is a new venture for us, and we're unsure of whether to go for it, how much it would cost us, if we could afford it, and what we would need to do.
Can anyone advise us if we could afford to create this project, based on our typical family wages. We could design, and possibly build a house without too much bother based on experience. But is this project worthy? What would be the process?
Hope you can help us! Thanks! |
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misskitti7®
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not possible to give you sound advice without more facts sorry
regards x kitti x |
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Munki nutz
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You have to make sure that the farmer is not trying to dupe you.
Does the land come with planning permission? has planning permission already been declined?
Is the ground contaminated or need work?
For a small plot of land with planning permission in town would be at least £80,0000
Have a land survey carried out |
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littlebear
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Are in you in UK? Then you need to ask why he's selling several acres for only £16,000, this seems ludicriously cheap. I know where we live in N Ireland 1/4 acre with full planning permission was sold recently for £225k. You need to find out if there is planning permission or is it zoned for building. Try and get an architect to give advice and maybe also a solicitor. If this land is farming land with no chance of ever getting permission to build then that would be about the right price. |
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Part Time Cynic
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I'd have to agree with Paul S. It doesn't mean because there is developments locally this particlar land has planning permission on it.
It could be classed as agricultural land. That comes a lot cheaper but as far as I know you will not get planning permission to build a house on it. |
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...
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In England?
Are you sure??
Check it out. Get a lawyer to check it. That is TOO cheap. |
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Knownow't
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If in Uk the first thing to check is if you could get planning permission to build on it...if not...such as on green belt land or other restrictions, then all you are buying is a field...surely as a builder your Grandfather should know this....have a word with the local planning dept. first before you agree to anything. |
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Pilgrim Traveler
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I don't know, but I love the way ya'll talk!! Really, real estate investing is risky and you really need to know what you are doing to avoid catastrophic losses. The fact that you are asking this question tells me that you probably need to investigate and get educated much more than you have. "Bargains" are tempting, but not worth the risk of losing your shirt because of ignorance. I don't know about the UK, but generally speaking in the US, the larger the house, the slower the market. While you might make more money per sale, it takes a lot longer to sell due to a much smaller pool of potential buyers. If you're truly interested in real estate investments, I'd start small and test the water and your talent. One more thing, absolute bargains rarely are. Do you know why the price is low? Have you checked out building and zoning codes, easments, contamination, etc.? There's nothing like buying a property and finding out later it can't be built on. I don't mean to sound discouraging, but I do want you to have the best chance of success in whatever you decide. good luck, peace |
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JO
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same as previous answered |
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