 Can someone please give me advice on buying a home? |
| I want to buy a house but it seems like EVERY paycheck goes straight to bills and rent, and the money that we do start to save goes to stupid stuff that always seems to come up just when we THINK we&#... |
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 Got a mortgage refinance quote: Too good to be true? |
| A mortgage broker quoted me a refi of $235K with adjustable rate loan at 1.2%, and the monthly payment can increase by only $77 per year. Does this sound too good to be true?... |
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 Can a landord accept a video tape for an inspection instead of coming to the house? |
| i feel that it is an invasion of privacy to inspect your place of living, has anyone ever done it with a tape?... |
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 Any advice selling my house without a realtor? |
We really don't want to get a realtor involved. What steps do we need to take to sell a house and/or where can I get this info?
Any advice would help. Thanks!... |
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 How will his bankruptcy affect my great credit when we get married, especially for home-buying? |
| My fiance declared bankruptcy with his ex-wife about 4 years ago. I have great credit. What will happen when we get married? Also, we would like to eventually buy a house. Should I try to do it alone ... |
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 What would rent be where you live for this apartment? |
one small bed
one bath
one living room with fireplace working
one gross basement
one large and nice kitchen
all new dishwash, stove, fridge, wash, dryer
big backyard
... |
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 Question about all these homeowners going into foreclosure? |
| Aren't the financial institutions hurt when the people default on their loans? They now have a home and no money coming in. Why are these companies not working with these people and trying to ... |
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 What would happen if I broke out of an apartment lease 4 months before its up? |
| I just dont like the place. Its not what I expected it to be. I am moving to a new place in the city.... |
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 Is there a way to find out how much is owed on a house before it's foreclosed? |
| I know a house will be foreclosing next month, and I was told that if I make an offer that is less than what is still owed by the current owners, that I'd be "spinning my wheels." Is ... |
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 Theoretically if I grew my own house, would I have to pay council tax? |
It isn't a building as such... It's technically a living organism so I'd be living in a tree/collection of trees.
Example;
http://blog.makezine.com... |
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 I have a mortgage on my name but house is not on my name anymore, person responsible for paying the mortgage i |
| person responsible for paying the mortgage is not paying on time, he dosnt want to put the mortgage on his name nor he wants to sell the house. ,what are my options, should I tell mortgage bank that ... |
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 Buy property near cemetary? |
| i found a great deal on 7.2 acres with 3 out buildings and a 3 bed 2 bath home for 158k. i looked at it at night and it was great but i went home and looked it up on google earth and its butted up ... |
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 Are you supposed to have to pay to submit a mortgage application? |
| I found a mortgage company online that says they can help people with low credit scores and low down payments to buy a house, they sent me an application but the thing is it says i have to pay $69 to ... |
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 When you bought your home, did you feel pressured to buy the most expensive you could afford? |
| When I was looking, I felt pressured by the mortgage broker, real estate agent, etc. to buy a way more expensive house, even though I didn't feel I could make the payments. Luckily I recognized ... |
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 High end laminate or hardwood flooring? |
| We've been looking at new floors for a few years now and are now in a position to do it. I want laminate (I think) but am always confused by the laminate v. hardwood discussion. I found some ... |
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 Money from house sale......what to do? pls help? |
| Hi, we are a family of 6 (4 kids), we own our own home but have had a sudden change in circumstaances. Hubby has been laid off work due to sudden health issues, we have had to go onto benefits, we ... |
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| If I sign a lease in the middle of jan, do I have to pay on feb 1? |
Ok so to explain more....
If I sign a lease in the middle of January and we pay the deposit and pay for the time we are living there in January, do you think I will have to pay for F... |
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Gennifer G | I am buying a house.....? |
does anyone know....can a house only be sold for as much or less than waht it appraises for...or cant the owner determine if he wants to keep the price higher than the appraisal states |
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Johnny A
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as the owner, you can sell it for whatever you see fit... |
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Kass
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The owner can sell for whatever they want. The problem is if your getting a loan, the lender will base their loan amount on the Appraised value. |
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Firebird
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The seller does what the seller wants. The buyer does what the buyer wants. The bank does what the bank wants.
Here's who cares about the appraisal - it's the bank. The bank lends based on the appraisal. They don't care what you or the seller think it's worth. They listen to the appraiser.
You can pay more than it's appraised for if you want to, but don't expect to drag the bank into that argument. They don't care what you think about that. |
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thebigcheese1993
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The owner will set his price, however, the lender will not pay above the appraised value. If the buyer does not bring his price down, he will have to wait for someone to submit an all cash offer. Its the only way to get a house for more than the appraised value. |
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buggerlugs
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the mortgage comp will only give what its worth but ye the seller can sell it for what he wants-youd have to find the difference |
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Tres7
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A contract can be negotiated between buyer and seller. The sell price is the amount that both agree on. You can only get a mortgage based on an appraisal meaning that if you are getting a 95% loan then the loan will be based on the appraisal or the sale price which ever is less. The seller my not be willing to sell a home if they do not get a certain price. |
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Blackcat
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The owner can ask whatever they want for their property. The only time this becomes a problem when your mortgage lender will only lend against what the property is valued at NOT what the owner sold it for. |
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LandMark Valuation
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God Bless America! As a seller, you can ask for whatever you want. As a buyer, if you've got all cash and that's what you're willing to pay, God Bless You as well. However, if you need a loan, typically an appraisal is required. Typical lending practice is based upon the sales price or appraisal, whichever is less. If you so choose, the difference between your loan and the purchase price can be made up in cash, or potentially with creative financing from the lender or owner. Assuming the appraisal is accurate, it is a rare occasion when you should be willing to pay more than the appraised value for a property. The fact that you ask this question would lead me to believe you might not recognize when to do this, or when to re-negotiate and/or run. I believe sound advice at your current level of expertise would be not to pay more than an independent third party deems the property value to be. Best of luck. |
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Prophet 1102
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Absolutely - the price is negotiated between the buyer and the seller. A smart buyer should know what the house's value is in relation to similar houses in the area - but the house might offer them something they really really want (like a great view) and they are willing to pay more for it.
An agent might not like to list it higher than appraised simply because it might make it harder to sell - but in the end, they'll get more money if it does sell.
There are different kind of appraisals too - tax appraisal, real estate appraisal, insurance appraisal. |
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Chuck P
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You can only sell what someone is willing to buy. It's up to the buyer to how much they want to pay. If the asking price is more than the appraisal you will need to come up with the difference in your down payment or take a second that the owner may be willing to carry. In this market there is absolutely no reason to over pay for a house, negotiate, it's a buyers market. |
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