 When doing a for sale by owner what percentage should a realtor receive...? |
if they bring you a perspective buyer? What are the pros and cons of working with realtors who bring you buyers?
Additional Details
I am experienced with home selling, for my situation a ... |
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 How do you legally evict someone from a property when there is no rental agreement and they don't pay rent? |
| We are in Tennessee. When my husband and his exwife got divorced he moved in to another house. The house they were living in together belongs to his grandfather but is on my husbands property. When ... |
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 Can I legally put someone out of my house if they've been staying with me? |
| I allowed a loser to move in with me because they needed a place to stay. It was not for free, he agreed to help me with bills and rent. However, he quit his job, and is now expecting me to take care ... |
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 I'm hearing that people in Florida.....? |
| are pretty much giving their houses away. Houses are sitting on the market and they are not moving. I am hearing all over that you are stupid not to go down there and buy a house. Where is the ... |
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 Can't make payments, house isn't selling -- what should we do? |
| Our house has been on the market since December, when we moved out to a rental. We have a 1st and 2nd mortgage and owe $10k on a new roof out of escrow. There are a few interested parties, but nobody&... |
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 How to get my landlord to replace our windows? |
| So, my landlord is a bit of a pain in the ***. We had a leak in our roof and it took him like 2 months to have it fixed properly. He was here last week to try to unclog our bathtub to no avail, as ... |
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 Is a realtor a must? |
| i am considering to buy my first home and have gone through so many pages in the web discussing home buying. finished a degree in business (interests and mortgages learned but not real estate). i ... |
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 Is this place worth buying?? |
We're looking to buy a house but it needs a lot of work. I'm trying to get a ballpark figure of how much it'll cost us to renovate and if it's worth it to buy.
The ... |
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 Evicted Tenant's Time to move out??? |
| If a tenant has not paid rent on time and the landlord asks them to leave. What is the legal time the tenant has to move out? Do you have to move out on the time allowed by the landlord? Or is there ... |
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 I have a question about buying a home for the first time? |
What are some of the steps in buying a home for the first time. What things do I need and how does it work?
Additional Details
Thanks Bj80012.. so far.. that is a start..... |
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 Apartment living, how can you stand it? |
I look at vision of people living in high rise apartments all over the world, having to get lifts to and from their front doors to the street.
I'd hate not being able to walk out my front ... |
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 My car was hit in my driveway by the renter next door. Can I put a lien on the landlord's home? |
| The renter next door to me hit my car (1000 damage) and has no money. My car was in my driveway and he is renting the duplex next to me. Is his landlord responsible, can I put a lien on his duplex? ... |
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 My husband and i have poor credit and must buy our house within 15 months. any suggestions on the best loan co |
| both credit scores are under 550. we have it now thru the real estate agent on lease to purchase within 15 months but i am nervous we wont be able to. i've tried just about everything but i am ... |
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 If someone buys a rental property that currently has tenants, does the new owner have to keep the tenants? |
| My husband and I are looking in to buying a 7 unit townhouse style rental property -- it is currently fully rented, however, we were looking at purchasing it so that we could convert three (or 4) of ... |
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 Are there any home builders that should be avoided at all costs? |
| I am getting ready to buy my first house and I heard some are better than others. Are there any that should never be bought from?... |
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| How much would I have to put down on a house for mortgage company to ignore my credit? |
| I have some blemishes on my credit score, last time I checked it was in the mid-high 500's. I'm looking at buying a house and I'm curious about how much I can put down on the house ... |
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Jayzlen | I am buying my first home. This home is a bank foreclosed home.? |
I'm buying it for 153,000.00. On 7/7/06 it sold for 303,000.00. The house is in excellent shape and it is fairly new. It was built in 2000. Does this mean I'm getting a deal? |
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$$$
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It really depends Jayz. It could be that homes in that/your area will depreciate even more, whereas, six months from now, the neighbor across the street sells their home for $110,000.00. You might be kicking yourself then for not waiting.
As far as potential gain in housing prices; this again depends on many factors. What area it is, how long have prices been depreciating, how ridiculous was the false run-up of prices in that area, as well today's economy, both globally and locally, etc., etc.
My suggestion is to look at what the house sold for "PRIOR TO" the artificial run-up of prices....say 2002 or even 2001. If you are still above those prices, the deal everyone is saying you are getting may be contributed to those falsely inflated prices of 2004-2006 and may not be the proverbial "steal". In addition, forecasts are suggesting that there is no upward trend or expectation for housing prices until at the very least 2010......
Just my thoughts, trying to help. I wish you good luck in all of your endeavors. |
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glenn
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You may be getting a great deal. But none of what you said would determine that.
Have a Realtor represent you and ask them to provide you with some data on comparable sales. In other words what are other houses just like this and located very close to this house selling for right now?
Also pay a professional home inspector and find out what shape the home is in.
Then you will know if you are getting a good deal. |
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Campbell
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Absolutely sounds like a good deal. Just make sure you do some research about the other houses in the neighborhood as well. |
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D
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Do you like it, want to live there & can afford the payments with around 1/3 of your income? Then it's a great deal.
Don't worry so much about what it's worth "on the books" anymore...those books aren't worth the paper they are printed on.
Enjoy your new home! |
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Janet R
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Sounds like it to me. You are buying for almost 1/2 of what it sold for just over 2 years ago. |
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B0uncingMoonman@aol.com
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You are if house prices start to rise again. So keep your fingers crossed. |
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sunny_1_
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Absolutely! Especially since it is in such good shape. You couldn't do any better buying a HUD home. I say go for it - quickly! Be sure to get an appraisal though... |
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golferwhoworks
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yes you are getting a steal |
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Steve L
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It would appear that you are getting a good deal. It would appear that the bank has taken a substantial write off. I would 1 amortize the original loan then amortize your loan. You can download a evaluation copy of quick calc from slateboard software at http://slateboard.com
Aramortize both loans your banker can get you the rate for the original loan and your rate. Then go to the point where yours start and compare the principal from the original at the corresponding point the difference will tell you how much the bank wrote off + what the original person paid.Banks do not want for closed property they want to move it |
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Jay S
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Since the values in 2006 were apparently grossly inflated, it's more likely you are getting a fair deal rather than a steal. That is especially so if it's been for sale even a few weeks. Steals don't stay on the market long if at all.
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