 Can a landlord do this? |
i was served a eviction notice after i paid junes rent.can he really evict me. i live in a income based complex. i am just confused..i live in wisconsin..can ne one help me?
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KEEKSTER | I built a new house. I can't sell my old one, and can't afford both morg. payments. What are my best obtions. |
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khottmann
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Selling a home today is tough. But here are your options:
1- You can rent out your older home. Renting can help offset your mortgage cost till you have a more favorable market to sell in.
2- Amp up you selling strategy on selling you home. If you are selling by owner, hire a Realtor. They are there because they can move your home quicker than you can. They have more marketing, more advertising, and more contacts to drive more buyers to your home, thereby getting your home sold.
3- Don't get emotionally attached to your perceived outcome. What I mean by that is if you are selling you home, you have a ton of competition out there. Having the market price advertised will not sell your home. Having a "Sale Price" will sell your home. Come on now, if you could buy an item for less you would right? Like gas, if you needed gas and there were 2 gas stations and one was 2 cents cheaper, you would go to the gas station that is the cheapest. Well selling a home, the name of the game is to get the most amounts of people into the home to have just one buyer buy it. The benefit of "Sale pricing" your home is that you sell fast and you probably will have multiple offers on the table to choose from, which means a higher price with the best conditions and terms. So don't think that your home is worth x and price it at that x price. Price to attract every buyer and watch the auction for your home go for your x price and then some. |
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Gem
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Why can't you sell the old one? I would imagine that it is because you owe more than it is currently worth.
What you might do is go to the bank and find out if you can sell the old house for less than you owe and then roll over the shortage into your new mortgage.
Or, find a renter that will pay you to rent your old house. You may have to rent at less than mortgage, but paying a portion is better than paying 100%.
Good luck |
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handsome_bigfella
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Should not have bought the other house without being able to afford it. You should probably rent the other one out until you can sell it. |
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Rain
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Is it freshly painted. All the repairs are done. It's very clean. You can rent furniture, not a lot just enough to give it a rich feeling when you walk in. Is the price too high. Come down about 20 grand it will sell. Better then two mortgages. Or you could rent it out. Really do a good back ground check on the people. Don't have the house cluttered. Get rid of all the junk. You should sell in 2 weeks. |
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L L
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Look like you know mos tthe answer, except how to create a solution that may solve the current situation.
If you have enough money return from the old house, beside all other advice previously get,
1 how about take equity to pay out?
2 Create note and sell
3 If you keep write down all these thoughts and apply it, you should get one right soon. Let's keep thinking and taking action.
I like to know more what you are already trying that's is not working? |
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Phil
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You can try renting one of the houses out or, if you must get rid of the old one, put it on auction. |
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diesel6999999
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First, identify why your previous home is not selling. There are numerous variables. 1. Pricing 2. Seller concessions. 3. Local Market conditions. Most home's in the continental U.S. have DE-valued in the last year, some area's as high as 19% ! I have a couple of radical, and not so radical suggestions. 1. If you are listed with M.L.S. , tell the R/E agent to increase the commission to the SELLING realtor by 3, or 4 % , (if you are priced according to homes that have sold in your area in the last 6 mos. ). Note: ONLY the selling realtor to recieve the commission, NOT your listing agent (unless they sell it). R/E agents work on a commission, and your house will be shown above most, because they earn thice as much! Once an agent see's the commission on the M.L.S. they will bring their customers to see it. #2. If you have the home listed, and it is not selling, rent it with option to buy, if the market dictates, rent it at 125% of the total monthy housing expense. If it is rented for two years, after that period, it could be sold. |
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EmeraldIsle
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Well gee, duh? You don't BUILD a new house prior to being sure you can unload the other one. The only thing you can do (this isn't rocket science) is to reduce the price of one or the other (or both) and hope you can sell one. |
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Free Thinker
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Reduce the price on your old one and increase the commission. You are selling thru a reputable real estate company aren't you? |
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sunburst2k
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Depending on how the rents are in your area compared to your mortgage, you can do a lease/option or Rent-to-Own which is often easier to do than a straight rental and can result in a sale in a year or two while covering your mortgage now. You charge an option fee up front which is then considered part of the down payment for the new buyer when he buys or he loses it to you if he can't buy at the end of the option period. If you are unsure about how to put the deal together you might look around your area for rent to buy signs and ask the investor (it usually is an investor) how to do it or he can do it for you. He then pockets the option fee. Usually you can get higher rents in a lease/option deal than in a straight rental and you can put in the lease than the renter has to pay all maintenance up to say $500 or $1000 dollars just like he owned the place. Just be sure to do 2 contracts, one for the lease and one for the option. |
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