 How do I deal with a real estate agent who won't return phone calls and fails to show at an open house? |
| The realtor made beautiful fliers, but it took 4 weeks from the date of the contract to receive them. We also had two scheduled showings, but the interested buyers did not show. We later found out ... |
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 I want to shop for mortgage rates and all of them wants to run my credit. Will it affect my credit score? |
| I am trying to refinance my home equity loan. Each time I try to call a lender, they all want to run my credit report which I understand because that is the only way to check my FICO, debt ratio and ... |
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 Is It Really Better To Own Your own Home???? |
| i'm just curious as to why people think its better to own your own home. I know you can say its yours and you can do whatever you want to make it your home and when you get to be a senior you�... |
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 We are selling our house and I have a question about "fixtures and fittings"? |
| When we moved in I saw the previous owners leave with the loft ladder. Not a great issue, I replaced it with one from a DIY shop. It cost about £30. Now the house I am moving to doesn't have ... |
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 I found a home loan with a teaser rate of 1% locked in for 5 years. Is there something I should be wary of? |
| I'm planning on selling my home in about 5 years anyways. Is there some other catch with this kind of loan that I should be wary of?... |
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 Does the landlord have the right to check credit on both people living in the property? |
| I am looking to rent an apartment with my fiance, and we found the one that we like, but the landlord is asking for both our credit scores... is that leagal? or one is enough?... |
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 Why would a roof that's only 6 yrs old need to be replaced? |
| Buying a house and the inspector says it needs a new roof but it's only 6 yrs old.... |
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 How do I get out of a rental lease with a roommate? |
| I can't take my roommate anymore. I am tired of babysitting her kids and she can be irresponsible. I will feel bad for the kids but I have kids of my own that I have to take care of. I have ... |
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 Landlord keeps calling about the rent before its due.? |
| My landlord is a pain. She never comes and fixes things that have been wrong since day one. My rent is due on the 1st, but is not considered late until the 7th. She called me on Feb 25,2008 asking ... |
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 Would like to buy the property we currently rent privately...? |
| We would like to find out about making an offer to our landlord who we currently privately rent a property from. What should we do? What sort of discount would we be entitled to?... |
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 Ok i'm looking for an nice little apartment for next year with rent for $200 a month for when i turn 17? |
| a nice 2 bedroom apartment in farmville virginia nice kitchen a nice bathroom a laundry room a nice front ... |
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 Can a home builder refuse to return my deposit after not building the house? |
Last November 2006 I signed an agreement with a home builder to build a house for me and my family in Laurel, MD
As part of the agreement, I deposited $25,000 for the home + another $10,00... |
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 Do you have a better chance of qualifying for a home morgage if you are working rather than retired? |
Home lone qualifying
Additional Details
FIY I never bought a home, but have worked almost 39 years in the Railroad industry. The pension plan is the Railroad Retirement anuity, and ... |
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 Who owns the fruit? |
My landlord takes the fruit from the trees in the yared of the house I rent.
Since I pay the rent and the water bills isn't the fruit mine?... |
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 I need game that u can build your own houses and move in and u can make a persons and dress them up .? |
| i need game that u can build your own houses and move in and u can make a persons and dress them up .... |
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 Am I responsible? Can she keep my deposit? |
| I recently moved out of a property and still haven't had my deposit back. The guy who replaced me has moved out after 3 weeks and never signed a contract or gave a deposit. I'm not even ... |
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 Who is at fault tenant or Landlord? |
| Our pets got out of the fence, after we repeatedly asked the landlords to fix it, and caused damage to someone else's property. They evicted us and charged us an unauthorized pet deposit for ... |
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 818 square feet??? |
im thinking of buying a 2 bedroom condo and its 818 square feet. would you say its big, moderate, or small??
Additional Details
this is the floor plan. & no its not a big family ... |
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eekgrrarrgh | I messed up and paid too much money for a house.? |
It has a few things wrong with it and I am waaay to ashamed to say all the things I did wrong when buying it. I know I am stuck with the consequences of my actions, so does anyone have some words to make me feel better or see the light at the end of the tunnel? Right now I can only imagine future foreclosure because no one will want to buy it and I doubt I can afford to fix it up. My man is not a DIY dude. Now what?
Additional Details
so I just now had time to get back to this, for everyone's sake...
1. we can afford payments...I'm nervous about the cost of repairs on top of payments
2. water leaks in on the porch and a bit in the basement, nothing like gushing but it rained and my porch was damp in one spot...the basement it leaks in by a window
3. I guess its not as bad as it could be, I know I overbid though...
4. I do like the house and am happy to be here! |
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plan_ner
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Wow this is the second one this week that has described the same situation. I am assuming that you like the house you bought and wish to stay there. I also assume that you are able to pay the mortgage.
As I said on the other question, first congrats on buying a piece of the american dream. Homeownership has a lot of rewards but not without its challenges and responsibilities.
You are not alone in the feeling like you paid too much for something. That is called buyers remorse. I get that myself every time I purchase anything. Unless your intent was to "flip" the house, you should be fine with your purchase price. In the long term, the price of the home will increase so long as you maintain the property.
Remember that time is on your side. The first thing you should do is to prepare a list of all of the repairs and updates you would like to see accomplished. Sort that list of critical items and "wish list" items. Critical items are those repairs that need to be completed ASAP. That includes things that will cause more damage if left untreated. For example any leaks need to be address right away since water is the main enemy.
Dont be afraid to tackle repairs and improvments on your own. It takes a little bit of time, patience, and a good sense of humor helps. But as long as you and your man are willing to try, in the long run it will pay off $$ and there is time to bond. I suggest a couple of areas for specific advise. 1. The Home and Garden Channel is a good place to get ideas, tips, and advice. 2. The libarary is full "how to" resources that you can check out. Most will have a pretty detailed step by step directions. 3. Your local home improvement stores often have "how to" clinics that you can sign up and get your hands dirty. 4. The right tools for the right job. Most DIY'ers make the mistake of trying to do the job with the wrong tool. This is where 1,2,and 3 will help.
Dont worry about making mistakes. The cost of labor is generally the biggest part of estimates. Sweat equity is where you will make your biggest return on your investments.
Lastly, consider this. The money you put into your home is ultimately yours. You are not paying for someone else to get rich for providing a roof over your head. You get write off's on taxes that renter do not. You dont have to worry about being told you have to move. You have bought yourself automony to do as you please. That is the ultimate american dream. |
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Sexy Chica
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Your only recourse is to live in it, pay down the mortgage and hopefully build some equity. Someday you will have the money to fix it. Don't feel bad, my dh and I did the same thing you did. We were first timers and didn't even know what a home inspection was until after we bought our house. Now we are stuck like you. We've lived in our home for almost 5 years now. We have to refi very soon because our 5 year ARM is coming ready to adjust. We are just hoping that we have some kind of equity to be able to refi. With the market the way it is, that is a low possibility. Especially due to the major repairs that are still needed.
Just live in it, and don't worry so much. |
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Christina
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Fixing up the house is not as hard as you think.
First, what exactly is wrong with the property? Make a list organized by priority (if the roof is leaking, that's before updating the kitchen). Then start watching the DIY network and shows like Flip that House and reading books and magazines. You will be surprised at what you can do on your own if you put a little effort toward the research.
When you come across things you cannot do, get estimates. Most places will give you a free estimate and you may be surprised at what you can afford if you take one major project at a time, like one a year for example. Also, if you're credit is not bad you may want to look into the Project Card at Lowe's. It's a credit card that will defer payments, for like 6 months I believe. I don't know the details, but it's worth checking into.
I've been in real estate for a couple of years, so kind of out of curiosity, how did you buy your home? If you worked with a realtor, or if the seller did you may have some legal options. Also, even if neither had a realtor, most people don't realize that sellers are legally responsible for certain things. If you don't mind, add some more details to your question.
Also, sumit other questions on the specific projects, maybe you'll find that they're not that difficult. |
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Joshua R
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Time to learn how to DIY and improve the house. The value will come up. If you can make the payments they are not going to foreclose on you so hang in there. If you don't have to move any time soon the light at the end of the tunnel is not a train! |
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SDD
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The only thing I can suggest is to try to get help from friends and family. And to not make the same mistake the next time. I'll bet you won't. |
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BUBBLES
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Library library library! I taught myself how to do plumbing. Make yourself a DIY Lady! It just takes hard work! You can make your own light! SHINE GIRL SHINE! |
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Sarah K
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Im a realistic person
You can fix up your house if you want, but you will end up putting in quite a few thousand (5-10,000) just to upgrade properly. And that would be to sell it at the price you bought it. it is up to you if spending this much would be worth it to sell again, in relevence to the actual worth of your home not.
either put it on the market, or accept that this is where you will be living. once your things are in, maybe everything will seem a bit more like home, work on things as you go, make your house just that, yours. best of luck to you and keep your chin up! |
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Ralph N
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get a boy friend that has tools and good with his hands |
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J A
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How do you know you've paid too much? Real Estate values run in cycles, but long term, real estate is an excellent investment. Patience is important, especially in the market we're in now. Reset your expectations. If you can not afford the house, then look to rent it (with a good lease agreement). If you can afford it, but can't afford to fix it up, start small. Make sure the curb appeal is great by clearing the yard, planting a few flowers, adding mulch or removing debris, toys, etc. |
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saeed q
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Give up everything not is not a necessity and wait out the housing downturn. 5-7 years. |
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Expert Realtor
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Ok...HOW do you know you paid too much?
Did you get an appraisal?
Did you use a real estate agent?
If you did both, then it is very unlikely that you overpaid. |
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just a man
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Charge the dude rent and put it aside for your repairs. The housing market will recover in time so pay your bills and in the mean time you have a roof over your head. |
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