 I have lowered my price on my house again? |
| My house has been on market for almost 90 days. Market is bad. I lowered the price 10,000 2 weeks ago and last week lowered it anohter 20,000 to get it sold. Only 8 agents has shown the house. My ... |
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 Why don't estate agents put the asking price up on their "For Sale" board's? |
Additional Details
If it's OK for old Bob down the road to stick up a bit of paper in his old Ford Fiesta saying:
FOR SALE
New MOT
6 Months Tax
Good ... |
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 What is the best type of mortgage if I only plan to stay in the house for 4 years? |
| My job is transfering me to a temporary postion that will only last 3 to 4 years max. What type of mortgage should I get to get the lowest monthly payment since I know I will be selling in 3 or 4 ... |
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 Can I request reimbursement from the landlord, for not having the working phone line? |
| I got charged $55 by AT&T for having the technician fix the phone line with no dial tone. So, I am wondering if I can ask my landlord to reimburse that amount since they are supposed to have at ... |
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 Any legal recourse if lender over-appraised home and now i can't sell it for what i owe them? |
| I borrowed $400,000 in 2006 when my condo was "appraised" for $560,000. The loan balance is currently $405,000, plus I have two more years before a $14,000 preppayment penalty is waived. M... |
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 Does anyone know how/where i can advertise for roommates in san francisco? |
| im going to be attending college in san francisco and my parents are thinking of getting a condo that me and some roommates can share. but i have no idea how to advertise for roommates. can anyone ... |
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 A friend backed out of a deal and has created a huge problem, what do I do? |
| I've been thinking about this and haven't decided what to do. I'm interested in some opinions. A friend rents out rooms in his home and I heard about an opening. I asked if he was ... |
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 First time home buyer what to do?? |
| First time home buyer...anyone know of a great bank, mortage, that helps you out alot if your a first time home buyer. Is it true that there is a First time homebuyer Loan?... |
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 If my landlord charges me more for rent then the other tenants is that against the law? |
| I want to know if it's against the law for my landlord to have me sign a contract with me paying more rent then his other tenants and how do I go about the issue. It's not a fact just a ... |
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 If you buy a new house and walk away from your old one, can't they put a lien on your new house? |
| My sister wants to get a new home and walk away from her old home. Can the bank connected to the old house do anything to the new home such as put a lien on it in order to collect the debt or do ... |
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 Returning a deposit to a tenant? |
Hi
I am trying to understand the rules about returning a deposit. I have a tenant who has been smoking heavily in his room, spent about two weeks sleeping on the bed without a sheet and has ... |
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 Made an offer on a house 6 mths ago and still have no answer from the selling bank. Should it take this long? |
| We are preapproved on our loan from another bank. The house we are looking at was almost in foreclosure when we put our offer in. There are several other houses in the area going into foreclosure ... |
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 If Dow drops 300 points is it best...? |
| to find a better loan for a mortgage? If I am in a adjustable rate loan, is it best for me to stay in it or refinance to a fixed rate loan. I'm doing a research for my school, and i was ... |
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 I'll be mega impressed if anyone can answer this question!? |
| I know someone who had an offer accepted on a newbuild flat in Leeds many months back. They exchanged contracts about a month back, with completion to happen as soon as the flat was hospitable. His ... |
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 Is it a bad idea to buy a house right now? |
| my husband and i are stuck in a situation where we need to find a new place to live quickly...is it not a good idea to buy a house right now with our economy like it is? thanks for any advice!... |
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 Husband will not pay rent am I responsible? |
| My husband signed a written agreement that he agrees to pay half of the rent for our home until our lease is up in January 2008. I said he can come and go as he please, but just pay his half of the ... |
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 I want a home. But my credit score is 520. PLEASE HELP!? |
| I am currently renting a home for 900.00. i am renting from an individual. I make 3780 a month. I THINK I can afford a home. The problem is that the lady I am renting from wants to sell this one. I ... |
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Jessica Lynne Mom of a Chug! | How hard is it to buy your first house? |
Additional Details
What are the things to consider before buying?
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Rightside
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It could be hard, many things to consider before buying. Schools, condo vs house, taxes, condition of the house, how much down payment you have. Can you afford it after all the expenses, insurance, heat, electric, internet, phone, cable, maintenance. |
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SmartA$$
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Decide on the amount of monthly payment that you can afford. Forget what the bank says, decide what you can afford and don't get into payments any higher than that. Prove it to yourself before you get a mortgage. Lets say you think you can afford $1500 per month. If you are currently paying $800 per month in rent, then you should be able to put $700 per month into savings. Do this for a while. After 6 months or so, you will not only have proven to yourself that you can afford that monthly payment, but you will have saved up a nice chunk of money toward a down payment and closing costs.
Once you know what you can afford for a monthly payment, get financing within that limit. Don't forget that your payment amount should include estimated amounts for taxes, insurance, utilities, and repairs/maintenance. Once you know how much you can afford, then you can start looking at houses in your price range. |
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Oh Wise One
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Not hard at all. Not only did I just buy my first home so did all my friends.
Just make sure you have about $7000 for your downpayment and closing costs. You'll probably need more money just to fix the home up to your liking. |
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golferwhoworks
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all mortgages require 3 things collateral (home value) capacity to service the debt (income vs out go) and credit (score good enough)
Now in each of these the most important is capacity.
Do you have your down payment?
Do you have your closing cost?
Do you have reserves?
I also want to tell clients to have emergency funds in place although not required it is a great idea to have 6 months total living expenses some place that you can access in case of emergency and replace it when used asap
How good is your credit? 580 and above middle scores for FHA
The hme must appraise for the purchase price or more if not and you continue then you must bring the shortfall to close as well.
Have you set aside a decorating budget?
What about utility set fees?
Do you want a house or a condo?
School districts etc
Lots to think about isn't there |
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Beverly S
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If you have a 2 year job history, and good credit it is very easy. Get pre-qualified by finding a lender first. You can go to www.fha.gov & find a lender near you to pre-qual you for free. You will need 3% down- it changes to 3.5% on Jan. 1. for FHA- more for other type loans. |
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Mike
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not rly hard at all |
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Eurogirl
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It's easy if you will do everything in order.
1. Choose the area you wish to live in (check that area in the evening), if you see broken cars (cross out on your list)
2. Check schools( if they have a good rating)
3. Taxes, maintenance fees
4.2 story home vs. 1 story home
5. Make shure the property location is not by the major roads or airports (that way no noise at night or day)
6.Check www.zillow.com for property values in you area.
7.It's cheaper to buy a house with no renovations, if you can do it yourself you can save a lot of money that way.
Keep in mind that a neighborhood plays a big role in future resale of your future property, some people say that we (buyers) don't buy a property we buy a neighborhood.
Good luck in your search. |
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baski
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hi jesse its hard as getting a good wife.first apply for the legal heirs cert then take all the docs incl parent doc 2 ur advocate n get his op then check the guideline value in reg off n apply for EC cert if all OK GO AHEAD.all the best. |
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Asker o'Questions
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Well, it's been proven that BUYING the house is easy.
Some Americans don't really consider PAYING FOR THE HOUSE to be a priority.
Just check your finances. If you think you can afford $500,000, go for $300,000 because that promotion may not come or you may have a child or any number of "unexpecteds". Cars break down, college funds require funds, kids need money, landscapers like to eat so they don't work for free, taxes in certain areas are horrible, restaurants and gasoline are variables. Don't depend upon what you MAY make in the future. Use this first home as leverage to build credit and get the basics of home ownership down, then you'll be prepared for the next one and the one after that.
Whenever lawyers get involved, you have do deal with irrational crap that is Standard Operating Procedure.
Keep Smiling. |
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Worldly25
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Buying your first house is not hard, saving the down payment is.
There are many ways to seek guidance on buying a house but none of it can be put to use unless you have enough saved to start the process |
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annazzz1966
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The act of buying a home is not hard - it's just paper work. The hardest part is all of the financial questions that come up before you buy a home. Questions like:
- how much home can I afford
- what is my FICO score
- where can I afford to live
- do I make enough money to pay a mortgage payment plus taxes and insurance each month
- how much money do I need for a down payment and closing costs
Consider all of those before you start looking to buy your first home. |
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Sarah
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In this day and age VERY hard unless your loaded.
but thats not to say you cant buy one, if you have a good job that pays well and a partner with a good job then you should be okay.
good luck x |
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Meow Baby!
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It was very easy up until the economy crisis. Now I hear it is very difficult to get a loan from any banks or mortgage companies. I hope it gets better soon. If your credit is good or great I don't think you will have any problems. House hunting is a lot of fun! |
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