 A Good way to talk to landlord about not having his rent? |
| Ok heres the deal. I've got a little behind. My landlord and I are cool. I know no matter what happen he won't throw me and my family out. I was a few days late on Nov rent. At the time a ... |
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 Will house prices crash?? If so when?? |
| I would love to buy my own place instead of renting, but as a single person it seems impossible. i earn a reasonable wage but have a less than perfect credit record. Can prices stay so high in the uk ... |
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I have a problem also..with my credit..
my credit history is a nightmare... but i want to fix it..
can somebody help me .... give me some money so i can pay off my debt... or show me how ... |
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| The advantages to staying here is that I don't pay any rent, so I can save about $15,000 a year for retirement. The disadvantage is that she drives me insane. The embarrasing part is that I... |
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| in real estate? Everytime I go bid on a house my bank tells me the interest rate is higher then it was last time I bid on a house. It seems like a home mortage interest rate is as bad as gas prices. ... |
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 I am buying a townhouse for about $250,000 which I can pay cash. Should I take out a mortgage anyway? |
| I have about $400,00 in the bank so I won't need the cash and have no other debt whatsoever? Are there really tax benefits you can write off with a mortgage or should I just pay cash and save ... |
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 Will anyone give me a free house? |
I am a struggling student an oh how my life would be made easier through the kind donation of someone more fortunat than I! Miracles truly do happen!
Additional Details
Just a note had ... |
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 Is a 4-bedroom house bettter than a 3-bedroom one? |
| I'm looking for a house with the aim of selling it in about 7 - 10 years time. At the area I'm looking at, there are some 4-bedroom houses which is priced similarly as a 3-bedroom one. C... |
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Me and my partner earn good money and would be more able to pay our monthly repayments. We don't have enough deposit but we have enough to cover all solicitors costs etc and the stamp duty.
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| I just saw the video of the 17 year old who made a million dollars for her myspace website. Can she legally purchase a house, or does it has to be in the name of someone over 18 years old.... |
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 Do you have to pay rent for a room, if you're not there (i.e. on holidays)? |
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 Can I legally sell my property[house] for less than its value? |
if house is worth £100,000 can I sell it to family member for say £80,000?
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I'm in S... |
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Tim | Did you know there is no such thing as a "buyers market"? |
There is no reason to invest in something that you can't sell for a profit. If all the prices are down, and there are more properties for sale than there is demand for, that isn't a "buyers market". That's a bad market.
Your thoughts on that opinion? Just to let you all know, I sold mortgages for over 4 years.
Additional Details
"But if I buy now when the prices are down, then wait til the prices go up, I'll make a profit." Seems to be a common theme. Thing is, the exact moment the prices start going up, it's no longer a "buyers market" At that point it is officially a "sellers market". The people that wait til then to buy didn't waste 3-4 years of payments and maintanance to get to that point. Simple.
The other common theme is "I just wan to live here. I'm not buying it as an investment." Most likely you could have offered to rent that property from the owner and they would say yes. There are so many people trying to sell their homes that can't, you can rent homes for less than the owners mortgage payments. It's either collect a little rent from you to make the bills easier, or foreclose. Any other questions about this? |
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Johnny U
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that is a lame statement. warren buffet has made a fortune buying/investing in stocks nobody else wanted at the time.
a buyers market just means there are values to be had.
as far as real estate, a buyers market just means that there are more sellers than buyers so they will get the deals.
eventuality the buyers and sellers even out and values of house go back up, enabling person to sell at profit.
supply and demand 101.
why don't you still sell mortgages. i hear it is profitable, or was that only in the bubble. I guess the good ones can make a career of it.
edit: is easy to see from your latest comments why you only lasted 4 years in the business. |
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A.Mercer
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People buy houses for other reasons than to invest. They sometimes buy them to live in them and not have to pay rent to a crazy landlord. Whenever, there is a surplus of sellers and not many buyers then the buyers are calling the shots. That would be a buyers market. |
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SUE
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Actually, there IS a good reason to buy something you can't sell for a profit. To USE it. If you need a place to live, you buy a house. THAT is what you are, or at least WERE, in the business of facilitating.
If you can make a profit out of selling your home when you no longer need it, then that is bonus, but a buyer's market is defined as a time when the buyer has a lot of leverage in terms of what they can buy, NOT that what they can buy will sell for a profit in a few months. |
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lisalisa
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well this property is and saying is for people who are not planning on selling and making a profit its for people who are buying a home to live in that is the best time a buyers market to get the best deal on a home.
You get more for your money. |
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Purpose
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One thing is for sure. I would rather buy when prices of anything are down then when they are up . |
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onandonandonanon
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If you can afford to buy it and hang on to it til it will sell for more, then it's a good market for you! |
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Leo F
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You are wrong, wrong, wrong. 90% of people do not buy a home to make a profit. A buyers market is when there is more inventory on the market than there is people to buy, and the inventory is on the market longer DOM (day on the market) as there is now in the RE market. With the market in a slump the feds have lowered Mtg interest rates. The point you are missing is supply and demand. When supply is high and the demand is low the price goes down. Great time to buy. Just like stocks buy low and sell high. This slump is not going to last forever and the ones that buy now will find the profits in future. You need to look at the big picture. You also forgot about the tax right off on the mtg compared to the big fat 0 you get when renting. |
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LabRat
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You have to hold onto it and see if it will flip for a profit later.
Nothing's free. |
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estielmo
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It depends if you buy for purely investment or to have a place to live. |
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McLuvin
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do you know that no one actually gives a sh*t? |
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JM
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i didn't buy my house to turn a profit, i bought it because i LOVE it and want to start and raise a family in it! but when the market goes up, considering my house appraised for 50k above what i paid, if i decide to sell, i will most definitely make a profit.
i don't quite understand you're theory because how is it not a buyers market? houses are beyond cheap and i could afford to get into my dream house and dream location where if the market were better i couldn't have touched it! and also, your theory seems to be based on the thinking that the market will never go up. i may not turn a profit now, but i definitely could eventually so isn't that a smart investment, even if it takes time?
and plus, at least i'm BUYING something, i have a yard and a house and a driveway and something to show for my hard work. what's your alternative idea? renting, why pay that much if it's not towards ownership?
best wishes! |
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C A
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It is a buyers market if you can afford to keep it for 3-5 years..Either you can rent it out or just pay for it..Prices are really good deals and if you have the money and credit peeps should buy..The market hasnt crashed that bad before but living in LV we always have new casinoshotels coming up and peeps will need a place to rent or buy.. Sounds like you just want to flip houses and unless you find a redicolous deal than you cant flip it |
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suj_loha
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you sold 4 years mortage its great, but check your spelling
for mortage |
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Bogie
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greedy developers and banks did this to the market, now we all have to pay the price. |
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elaeblue
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If you are buying a home to live in there is reason to buy something you cant sell for a profit right now. By the time you move out almost all property will profit.
If you are buying to invest your money in real estate well no there isnt a buyers market and you wouldnt want one anyway. You would want a sellers market then. |
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Classyrealtor
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I say it's relative really. It's all about where you are at. The town i'm in for instance has seen a 17% increase in housing prices in the last year from jan 07 to jan 08! So I say in the market we are in it is worth it to buy a home and sell! Also a home is a long term investment. It's not the stock market. Look at the past statistics. If you bought a house in 2000 and sold it today you would still make money. So I say YES there is such thing as a buyers market. We're seeing it now. Prices are low and so are interest rates. Put some money down on the property and sit and wait. You'll make money eventually. You need to be positive and look at things from a positive perspective. Go ahead and say I'm too perky or what not but I'm telling you the only way to exist in the "Business" today is by being positive. Real Estate drives the economy as everyone can now see. And in this market things are still moving. We are still seeing sales. Our inventory went down by 400 homes in my area. Things are looking up over here! |
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rcaba002
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When the buyer has many properties to choose from and the prices are low... how can that be a bad market for the buyer? It may not be an "investor's market" or a "seller's market" but it's definetely a "buyer's market".
You said: "The people that wait til then to buy didn't waste 3-4 years of payments and maintanance to get to that point."
Yes, they were wasting 3-4 years on another mortgage or on rent somewhere else. Simple.
You are confused as to what is positive or negative and what party is benefiting at what particular time (who, what and when).
Statements like "it's no longer a buyer's market.. it's a seller's market" is irrelevant b/c that statement pretty much says that you agree that, at one point, it was a buyer's market before it became a seller's market. Your comments are a jumble of arguments that serve no support to your theory. |
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epik555punk
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Sounds like you know what you're talking about. |
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booniedog85
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Agreed! |
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Caring girl.
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I agree with you. |
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