 House buying advise - Seller Estate agent bullying me? |
I need advice about a house buying situation where the sellers estate agent is making my life really uncomfortable.
I am concern with way this house sale is going. I feel that I am being ... |
|
 Where is a good place to put $150k that can earn money and I can have easy access to it? |
| I'll be using the money for realestate investments. I'll be using it as I find properties and I want a place to keep the balance until I need it, that can earn some interest. I need easy ... |
|
 I have very bad credit, will I get a mortgage? |
| A mortgage is secured on the house you buy so surely it's easier to get a morgage than a loan?... |
|
 Tenants vacated property and left damage which they wouldnt rectify before leaving. Have had work done and? |
| deducted from their deposit. After carpets cleaned found cigarette burns in lounge carpet and not enough cash left to replace. Have refused to return any deposit and he's threatened to take me ... |
|
 My landlord entered unannounced and found traces of cannabis. Who is in more trouble? |
| My landlord entered my flat yesterday, nine days after giving me 24 hours notice. He found the flat a mess (i'd been out) and there were traces of cannabis (which I use medicinally). He has now ... |
|
 My landlord is keeping me from sleeping with construction noise, what can I do? |
| I live in a downstairs duplex, my landlord lives upstairs. Earlier this summer they told me that they would be having a new roof and siding put on. I work a mixture of afternoons and midnights and ... |
|
 Where can I go on the internet to find houses that are for rent ? |
I need houses that are for rent.
NOT FOR SALE!
Preferably in Pembroke, NC... |
|
 Neighbour poured cement down drain to cause blockage? |
I'm not sure where to post this question but they can't just get away with this can they?
This action caused toilet waste, raw sewage, effluent; to pour out onto my garden.
<... |
|
 Should I sell or rent my existing home? |
| I'm planning on buying a new home in the next couple of months, would like to rent this one out but not sure if it's a good idea.... |
|
 Approximately how much would a $300,000 mortgage cost/month? |
For someone with an excellent credit score? Any ideas?
Additional Details
Sorry, let's say with 5% down.... |
|
 In your state, how much does a 3 bedroom 2 bath house go rent each month? |
| just wondering, the average one here is about 800 a month. it just seems like the prices have gone up in the past 5 years alot.... |
|
 Do any body think this is a good idea? |
| OK this is what i want to do , I want to buy 30 acers of land.I'll clear out the land and divided it in to sections. Each section will be two acers( thats 15 section).Next ill pave the road so i ... |
|
 Due to the current housing shortage, should pre-fab houses be thought of again? |
I got to thinking about this after reading another question. After WW2, the Government erected loads of these prefab houses as they were quick to put up and cheap.
My great Aunt lived in one ... |
|
 We have a couple interested in our house. They are looking at another house today before they place an offer. |
| Is there anything we can do to make them hurry up and place an offer on our house?Anything we can say to make them more interested in making an offer on our house instead of the other? Plz Help.... |
|
 Anybody out there? |
| What kind of house can you buy for $20 a ... |
|
 Is there a way I can officially/legally ban my boyfriend's son from the house? |
| I have been having problems with my bf son for years. Last few times he was at the house he was horrible and I told my bf I didnt want the kid at the house indefinitly.Last night my BF had him stop ... |
|
|  |
Document Guy | I'm 24, I was going to get house, I can afford, but then I wouldn't have money to have fun? |
I just paid 600 to get out a plan to get a home. I make enough money to get house, so I decided to get a real big cool one. But when I was in the process of the getting the loan I regretted it. For the time in my life I have money, I'm buying sutff like soccer balls, footballs, baseball equipment, rockclimbing equipment, good rollerblades, I can save and maybe go to China, or make a trip to Japann. I always wanted trampoline, and I can get one. I can afford things now like going horseback riding, going scuba, I lvoe being able to afford bowling, and even pay for someone else's dinner. I was going to lose all that if I had gone ahead and taken the loan to get the house. I just wouldn't be able to afford spoiling myself.
Am I stupid for backing down? |
 |
 
Sam
 |
have fun, spend for whatever gives you pleasure. dont complicate your life until you're ready, there's plenty of time for that. when you're finished 'sowing your wild oats' you will be glad to settle down and accumulate assets both tangible and intangible. |
|
ShaneA
 |
if you cant afford spoiling yourself, then you just cant "afford" that kind of house yet. you have to think of your income to expense ratio. if your expense is way over 50% of your income, you should reconsider. |
|
Principessa
|
Yes I think its reasonable to say so. I had the opportunity 9 yrs ago when I was 18yr old to go on a superb vacation to Europe. I instead opted to buy my first house. I sold it a Cpl years later, and after great tax benefits I also made money when I sold it & with all the money I made I was able to put it down and buy a more expensive house. I have kept moving up every two years & now I am in a 1.5 million dollar home and I have taken trips all arpund the world from my great investments. So you may feel like you will suffer in the beggining but its worth it to be responsible & make the sacrifice. You will reap the much greater rewards later. |
|
pavick39
|
Get a house, but get a smaller one. You don't need all that extra room. Then you can afford both. |
|
ManOfTheHour
|
You should go with a slightly small house, so you can have a little of both. Also, the toys are indeed fun, but the fun wears out after a few uses. I try to rent cool toys unless I know I am going to use them many times. For example, I wanted to get a nice boat, but after working the numbers it's cheaper to rent one once every month or two. A house serves two purposes, (1) you need to live somewhere and (2) after living there for years, you will build up equity in the property, which sure beats throwing the $ out the window to a landlord. |
|
Windseeker_1
|
Yes, get the loan and buy the house. You will still be able to do those other things just in moderation. The investment of a home outweighs everything else and will have loads more value in 30 years than your memory of falling off your trampoline that one time when you were drunk! |
|
Jamie
|
all those things you are buying are short term fun, you will not be using them in 20 years, a house is something you will be using. It's better to own a house than to pay rent, all you have left after a year of renting a place is a years worth of rent reciepts. With a house you are building equity. Compromise and get a smaller house to start with, the payments will be lower and you will still have money to play with. Long term you will be much farther ahead with a house. |
|
Lee H
 |
The thing you describe are stuff that lasts maybe a day or two, or a couple weeks if it's a trip. You're going to need a place to live always so why not make it a nice as you can.
Besides, you will make more money in the future, you will be able to pick those things back up when you do.
Also, did you adjust your taxes for the write-off your going to get from the house, that could be an extra $3000 a year and up depending on the price of the house. |
|
www.hogshead.info
|
once you have a house you can get loads of loans |
|
Tony I
|
you made a big mistake for backing out! you need to read about the "benefits and tax breaks" for owning a home. As you are single you must pay tax about 25-28% of income. By owning a home, the property tax, interest on the mortgage are deductible so that your tax rate may drop to 20%. In the mean time, properties ALWAYS appreciate in time (5 to 10 yrs). So if you need $$ you can open a home equity line of credit on your property and the interest is again tax deductible!! Things that you like for fun and have do not appreciate in time and they will most likely end up in Ebay (if you are lucky) or in garage sales!! |
|
Price is what you pay for value.
|
You are in luck! As housing market continues to slump, it is a good time NOT to buy. :)
http://money.cnn.com/2006/08/24/real_estate/pluggedin_tully.fortune/index.htm
http://money.cnn.com/2006/09/07/news/economy/housing_forecast.reut/index.htm?postversion=2006090713
As housing market slump, it is easier to calculate "Rent vs. Buy" scenario. Because "appreciation" is no longer a factor.
Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn't add to the equity to your house. It simply disappear as your pay it.
If interests portion of the mortgage payment is roughly equal to rent of equivalent property, then it is a decent buy.
For example, let's buy a $500,000 condo with 0% down and apply interests only loan (just like renting a place). Mortgage payment would be $3250/month. It is a bad buy, because you can enjoy same property for $2000/month.
Please note that I assume the tax benefits from home cancel out fees from home association and property tax. For more accurate calculation, consult with your CPA or accountant. But NOT your realtor, whom will say anything to get the deal to go through.
And again, if you like a particular property, then paying more may be reasonable. You are the only person who can decide how much more premium you are willing to pay. |
|
TBONEZAP
 |
Well the first thing is I would look at is maybe a less expensive house. If that house is such a good deal, or you cant get something like it than I would really try to swing it. In time you will make more money and also maybe able to re finance for a lower payment later on. A house is the best investment you can make. In time you will be able to afford much better toys. Trust me I am 37years old and juts bought my first house 2 years ago. when I was your age I was too busy running around in sports cars that are now broken and gone, old memories of trips to the Bahamas and Vegas, and a low bank account .Now I have years to go before things level out and I can start to enjoy my life again. I cant stress enough how lucky you are and how much you should take advantage of this opportunity and really stick with it. It a long term investment that will pay off. |
|
mockingbird
|
Why not get a more modest house as your first home? Then your mortgage would be a little more manageable but you'd still have some "mad money" every month. Buying real estate is such a good investment; at your age, you could be setting yourself up very nicely by getting into the real estate market so young. |
|
FreeMedicalcamps.com
|
Get the house and get a room mate. |
|
Exoilfeildtrash
|
get a better job growing up is tuff. |
|
doinou
 |
You are not stupid for backing down. I suggest you pursue buying a house, but a more modest one. It will grow in value. Keep buying "up" as you can afford. |
|
business creature
|
Well if your buying a big house you could allways rent out rooms so you have money to spend.
Sound like a plan, I do you realy need a big house you could always buy a smaller one. |
|
fryeindustries2002
|
well whats more important.......a house that you can see yourself in and do whatever you want to it? or having fun and partying and all and doing stupid stuff......& not being able to fix up anything called "fun"?
Ask yourself. i think you did pass up a really good deal and most other people would love a house. |
|
ttikki2001
|
If I were again 24, I would spoil myself first and consider getting a house when I am 35-40! |
|
sassybree1979
|
If I was 24, and making a good wage, I would bank it like crazy. I wouldn't buy a house yet, because you never know what's going to come up in your life. I wouldn't want to be tied down to a house, but I wouldn't want to blow my money either. At 24, you could begin saving big time for retirement, and quit work in 25 years with proper investing - instead of working until you're 70. Of course, with good planning, it's possible to have the house and the retirement. :) |
|
carolewkelly
|
You're 24. If you're still unsure at 44, then worry. Owning a house is a huge responsibility. Better to back out now than regret it in a short time. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
21 | 7 minutes(s) ago
| | | |
19 | 23 minutes(s) ago
| | | |
21 | 54 minutes(s) ago
| | | |
20 | 55 minutes(s) ago
| | | |
21 | 3 hour(s) ago
| | | |
21 | 8 hour(s) ago
| | | |
21 | 1 day(s) ago
| | | |
21 | 2 day(s) ago
| | | |
21 | 4 day(s) ago
| | | |
21 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
