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 Regarding a new home?
We have a mortgage of a condo, which is hard to sell, and we are thinking about getting a new home. What happens if we stop paying the condo when we move out? I know it will mess up my credit, but... ...


 What are repercussions of backing out on the purchase of a home two days before the closing? ?
No money was put down. We aren't going to back out, but the seller is really jerking us around and we are closing on the 28th, but she is holding the keys until the 31st at 4:00pm because she ...


 Is it legal for my Duplex landlord to make me split the water bill with other tenant?
I know we don't use much water since our washer and dryer do not work. So I'm wanting to know is it legal for my new landlords management company to make me split the bill with the other ...


 Can you afford an apartment without going to college?
I'm not really planning on going to college, but if i just had a job could i still make a livng by having an apartment?...


 Am i still liable for punishment from the house i'm moving into next year, if the meter is already rigged?
I'm a student moving into a house this Spetember, and i happen to know thew the old tennats that are moving out have had the electricity meter profesionally rigged, un-beknowns to the landlord. T...


 How do I sell my house in spain quickly?
Ihave a house in Spain in almeria and I need to sell quickly. It is a beatiful house with 4 bedrooms and all other rooms ,plus 6400m2 of land on a very private plot, but only 2kms from the nearest ...


 I owned land with my ex-husband and he just died. What happens to the ownership of the land now?
...


 Is there a way of getting out of a recently purchased Home?
We purchased a home in May and I do not like the location.. I guess I didn't do enough homework before we bought it, actually I felt pressured by our Mortgage Company to buy. Is there any way ...


 Buying a house. dont know anything?
what are property taxes? how do they work? do you pay a little each month? what causes them to go up? can you please explain property tax to me. please make it as simple as possible
Additional D...


 My husband and i are going to start flipping houses.?
is there anybody out there that has flipped a house before? we are interested in learning all there is to learn about it, so that we can ensure that we make a profit....


 Seller cannot close after accepting offer - Help?
My contract with the seller expires today because the seller cannot come up with enough additional funds to close. He owes his lender more than the house is worth. I believe the seller is working ...


 I bought my home about 3 years ago and since have gotten married now i am?
tryn to sell my home ,i set a price and the people went to the bank to see about getting a home loan to buy my home the man called back and ask if we would come down on the price because his intrest ...


 Mortgage broker is telling me that I'm needing to come up with about $500 more when closing is scheduled for?
the 10th. This is based on the lender wanting more up front to cover escrow. The closing has always been scheduled for the 10th but now the broker is telling me this has changed because it's ...


 How can I find out in whose name a house/flat is registerd?
...


 First time buyer...house or condo?
...


 Winter Fuel Payment?
My wife was 60 on 07/03/08 and i am still 56.

1.Will she be entitled to the payment
2.Does she have to apply/fill in any ...


 What are the risks / cons with buying home no money down ?
it will be used as rental ...


 Can someone please tell me?
I am renting a unit and the other day the owners turned up unannounced and wanted to look through the unit to see if anything needs doing

I thought they had to give at least 1 to 2 weeks ...


 I have a house on the market with a realtor, my neighbor is interested in it. Can I take it off the market...?
and then sell it to him myself, to keep from having to pay any money to the realtor? Is there a waiting period after I end the contract with the realtor that I have to have before I can sell it on my ...


 Estate agents cant value my property?
My mum and dad have a unique house and the local estate agents have no idea of price.

It's a very nice house and different to any in the town they live and so is more likely to sell ...



insight
I have a realtor but no one has even called to see my property, should I rent it instead of sell?
its a one bed one bath condo in the northshore of IL. On the market for 149,900. Totally remodeled, granite, stainless steel appliances, pool, garage, great location. Would it be more beneficial to take it off the market and rent it for $900 if my mortgage and assessments equal $1240./month.
How can I refinance it without living there? I don't want a high interest rate that coincides with owning rental prop vers a home you live in? IS it overpriced?
                     
 




Magick Kitty
Rating
get a new realtor


Valerie
Rating
My advice about renting it out: Renters are usually rats. Do you want a rat living in your lovely home?


kattz1111
Rating
i suggest you may consider renting to own. but i'd check around first. and get a different realtor


open4one
It's either overpriced or it isn't being marketed effectively. Ask your realtor to come over and explain their marketing efforts to you, and to bring a "competitive market analysis" so you can figure out which it is. If it isn't being marketed effectively, look into changing realtors.

As far as refinancing, you'd have to talk to a mortgage broker. So much depends on the appraisal and your credit score that no one can get you much advice here.

Renting, you just need to be sure the lease contains a provision that they can be given notice to move out in 30 days, as it is being sold, that way you keep the options open. Also make sure it contains permission to show with notice, say 1 full day. For the $900 rent, it would surprise me if that's all a $150,000 property is worth to rent. If the rent is accurate, the price is probably high. I'd expect it to rent for a lot more.


SKG R
Rating
If you rent it for $900.00 & if your paying $ 1250.
You are losing every month $ 350.00 is it OK.
I feel selling through a realtor is better even if you have to wait.


Wundt
That does not sound too much for the Chicago area.

If you rent it, rent it for a lot more than $900. You should at the very least cover you expenses (mortgage, insurnace, and maintenance). Also, I agree with others that renters can be real problems. Many are good people, but it only takes one bad renter to trash the house.

I would keep it on the market and get a competitive analysis and perhaps a new realtor. The market is bad right now, it may just take time.


Jeep Driver
Rating
I manage 13 units and if I were the owner, I would be selling them so fast it would make your head spin. They are nothing but problems. I would NOT rent it out!! Find a different realtor or advertise it in a different way but I would NEVER rent it.
Good luck
o[|||||]o


Ustun Inan Insurance
My Realtor friends and the news media in California tells me that housing prices has been dropping all around the Country.
You should check with your Realtor and ask him to show you comparable sales in your area.
I assume your Realtor has access to "Multiple Listing sites"
and can look it up for you.
If you are "overpriced" then you have to make a painful decision;
Do you want hang on your property and lose the difference between your payments and rents you can get for a while,
Or sell it for a price to attract buyers, and wash your hands off.
It all depends on your current financial situation.

Learner


miabella_c
what is the conversion rate in your market area now? in Manhattan, NYC, on average can take 2-4 months before receiving an offer. is it overpriced? what is your realtors' strategy? What are comps in your area? Housing prices are dropping in small town USA, but not in LA, MIAMI and NYC, where people are willing and able to pay$$ for it. GL.


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