 Baby on the way, housing? |
| we are currently living in a one bedroom flat with our 3 year old daughter, we have another baby on the way which is not due until the end of july. does anybody know when we can apply for a bigger ... |
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 Rent apartment or mortage payment>? |
| you will never own a apartment, but you own you home one with equity input.like this example your apartment are $1200 month, and you find out that you payment that you was making on apartment will be ... |
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 At 18 years old, can you rent a decent car? |
AT 18 years old, can you rent a decent car?
Additional Details
Thanks, although me planning on attending MSU... freshmens can not own a car so why buy a car just for the summer?... |
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 Can our mortgage company require us to go with their insurance company? |
| We are in the process of trying to refinance with a new mortgage company. We currently have homeowner's insurance through Farm Bureau Insurance, as well as boat, automobile, and life insurance. T... |
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 What options do I have if I cant afford my mortgage and the house just isnt selling? |
| We bought a house last August and have been trying to sell it since December. No-one seems interested (the house is a little unusual). We cant afford the mortgage (which is one of the reasons we are ... |
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 For loan advice. Is fix or adjust. rate better for me? |
| My loan penalty will be over in Feb.2008, from fix at 10% for $5292 a month, after that it will be adjustiable rate. I can't refinance for lower rate because of self employed and low credit ... |
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 What would you change about this house? |
Okay please take the time to look at this:
http://www.visualtour.co
It's my aunts house and she's trying to sell it and can't ... |
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 Should people who bought homes they couldn't afford be "bailed out"? |
| Does anyone really think it is a good idea to give these people a break. When I sign a contract I am sure that I understand it fully. If I don't understand it I hire a lawyer to translate it for ... |
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 What is a "reasonable" amount for a RENT INCREASE? |
| I am a landlord and have good tenants. with the unbelievable climb in the price of gas , my expenses have skyrocketed this year and i have no choice but to impose a big rent increase on my tenants. M... |
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 Should we buy a house with my mother? |
| We are in our thirties with one child, and are thinking about buying a home with my mother who would have her own "suite" with a bedroom, bath, private entrance and living room. With her ... |
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 What do you guys think about lease-to own...? |
House?
Is it worth it? i am thinking about it....what should i watch out for?
and where can i go to find this kind of program? fannie mae, 21 century real estate??
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 Have a problem with landlord. Any legal help would be appreciated!? |
| When first moved into apartment owners husband said it was ok if we broke our lease to buy a home. Now he states that since we are not purchasing one from his wife (a real estate agent) then he wants ... |
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 Question from a first time home buyer? |
| I plan on buying a home in the Sacramento area in about a year. I currently have a student loan for about 26,000 with an 8% interest rate. Am I better off asking for extra money on my mortgage to pay ... |
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 What to do about an inappropriate landlord? |
| My landlord has been acting really inappropriately towards me lately, like making excuses to come by my apartment late at night when none of the other neighbors are around just to "check" ... |
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 How do we price a house we are wanting to sell? |
| We have the comps from the area and have a ball park figure that we are thinking of, however there are some issues that need to be addressed. The roof and AC are due for replacement in the next ... |
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 How can she sue me for money? |
| A few months ago I moved in with my boyfriend whom was subletting from another person. When she decided to move back she held my mail and will not give it to me. I did not sign any kind of ... |
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timothy | I'm in the process of buying a home, the home was appraised for less than what the seller is asking for.? |
What happens next for me, does the seller lower the price to reflect what other homes in the neighborhood are selling for? Or do I have to start the process of looking for something else. |
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TS
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The appraisal value is very different from market value. Market value is always higher because it is set by public interest. Appraisal value is always more conservative because it is strictly a based on a mathematical equation of previous sales and replacement cost of the home.
Remember the real value is what people are willing to pay for the home. Obviously you were o.k with the price therefore that's the home current value. |
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Real Estate Guy
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Actually there is a 3rd option. YOu are still responsible to purchase the house at the agreed to price. UNLESS it's states in the contract that you can get out of the agreement if the house doesn't appraise for the purchase price.
Just because it didn't appraise DOES NOT MEAN the contract is void.
You would need to come up with more downpayment. |
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65% water
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The problem is that no buyer's bank will give out a loan for more than 80% or so of the appraised value of the home. That means if you want the house at the asking price you're going to have to cough up the difference in cash. |
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Wayne Z
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Offer something based on the true market value.
The seller could say "NO" or the seller could say "Yes".
Most sellers seem to still have an unrealistic view of what their house is worth.
Talk to your agent and get his or her advice. |
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Beverly S
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Hopefully on your contract it stated home must appraise for at least the sales price. Most times that is standard. Anyway you now have the option of trying to re-do contract with the sellers or finding another home. By it not appraising for enough- that breaks the original contract. |
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Amanda C
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You need to make an offer of what the house appraises for. I would not purchase a home that did not appraise for the listed price. Talk to your agent and get their advice. The seller will probably go down on their price .Good luck! |
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p h
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I don't what happens next BUT YOU SURE don't want to pay more than it is worth! |
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ME
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That depends on the seller. They don't have to believe the appraiser that gave the house a lower value. They may want to lower it to sell it faster. |
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lorijotx
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You make an offer for what you feel is a fair price. He either takes it or makes a counter offer (or just refuses your offer). If he refuses or you don't care for his counter offer, you start looking somewhere else. No one can make you pay more than what you are willing to.
Good Luck! |
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Ross
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You said less than asking for, have you agreed on a price?
If you have agreed on the price and the appraisal is less hope fully you have a contingency in your contract that says you will buy based on appraisal. If not,. hopefully the bank says no to the deal.
If you have no contingency as I stated above and the bank approves and you have already agreed on a price, congratulations on your new home.
If you haven't agreed on the price than offer at or below the appraisal, assuming it is a good appraisal. If you are using a buyer’s agent, ask them for their advice. |
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