 When first buying a house, financially speaking should one go very big or go small? |
| It seems that people these days go as big as possible (really stretching financially, some so much that they go paycheck to paycheck starting on a 0% down ARM)...is there a good reason to go this ... |
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 I chose realty fraud for my senior project...will that put people to sleep? |
| I'm a senior now and I need to choose an interesting topic. what do you think of realty fraud? where can I find good information on it? I couldn't find any. it'd help if you told me ... |
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 How can i rent an apartment without a backround check? |
| Me and husband have tried to rent an apartment but his criminal backround is not good mine is fine and they wont take us because of it what can i do?... |
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 Should I trust a tenant on housing benefit? |
| A young lady has advertised for a flat. She is pregnant and will claim housing benefit. She revealed, however, that she has a partner who works and that she is also working part-time. Will they ... |
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 In Texas, is land lord responsible for providing window units in home with no central air conditioning? |
| I am renting a house in Texas that does not have central air conditioning....is there some kind of 'tenant law' that says my land lord is supposed to provide the window units? Where can I ... |
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| We put new wall to wall carpet in our rental unit before the tenants moved in two years ago.? |
| They have been having trouble with one of their children (smoking cigarettes), and there are four or five burns in one of the carpeted rooms. I imagine the whole carpet will have to be replaced when ... |
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 Rent Increase Do To Greed? |
My rent has gone up 90 dollars in the past year and a half.
Can they do this? And to top it off it has just gone up another 20 dollars while the interest rate has drop?... |
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 Names of manufactured homes dealers? |
| i'm looking for them to be located in G... |
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| I sold my home and my Realtor also represented the buyer. The buyer moved closing date sooner and wants rent? |
Additional Details
My home closed today and the realtor wants me to sign a rental agreement for the days that i will be in the house. I was pressured to accept the 21 early day closing ... |
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 Home Insurance? |
| I plan to turn my first single home into a rental property. Do I need to report the insurance that I will not live in that house?... |
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| What do you call someone who finds an apartment for you? |
| Someone who finds an apartment for you to fit your needs for a fee.... |
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 Does a landlord have to have a rental license before he rents his/her property? |
| i have lived in my house for a year with a year to year lease.i found out that my landlord does not have a rental licesne.and there are some things happening now .so i wanted to find out some ... |
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 What is the best way to find a home for under market value? |
We are looking for a bargain in buying a home...
Any suggestions?
Lien sales, Foreclosure sales etc?... |
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 What can I do if my landlord moved into my rental house 5 days before my lease was up, and threw away my stuff |
| I arrived home on April 28th to find my landlord asleep in my bed, and his wife sitting naked in the living area talking on the telephone. These are the worst landlords!!... |
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 Does this letter sound reasonable to leave a lease? and collect deposit? |
Dear Angie Sabater,
This letter is in regards to 1212A S Boeke Rd. My residency of the last two months. I was reviewing my lease and feel as if you are not upholding your end of it. The ... |
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Justme | I want to sell my home. Here is an issue: We originally bought the home in good shape but we rented it out and |
The renters did not care for the home. We lived out in Arizona, so we couldnt check on the home as much as we should have. We were out for 3 years and they were NEVER late on the rent. But many things happened. They broke our furnise, I think thats how you spell it, our heating unit. How will this affect the selling of my home? If you need more info, I will post under additional comments. |
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CaboWabo
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Have your realtor get their "handyman for hire" and go through and fix up the house including the furnace. In the end, you should get more out of the house with the items fixed than leaving them undone. |
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Kenneth C
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First of all, I hope you got a security deposit. Anyways, the furnice is something you have to have fixed. You can't get away with not having it fixed, UNLESS your buyer is willing to take that into acccount when negotiating for a final price. However, you are leaving yourself open to trouble. I would honest fix it. Actually, I would replace it and write it off on your taxes. Fixing things don't get written off, especially for something like that because the IRS assumes that you have to do that ANYWAYS. To REPLACE it totally would be a tax write off. Also, it would be a larger incentive to buy the home. The more new stuff you have, the more attractive your home will be to buyers.
Whatever they have done to your home, I would fix it. Don't put in anything expensive, just clean it up, paint and fix the basic things. Don't do anything fancy. Clean and neat. You want to fix up your place for as cheap as possible. Do the minimal amount of work. You will not get away though with a broken furnace. |
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bostonianinmo
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You're going to need to get that fixed. Most lenders will require an inspection and won't approve the loan until the home is in good repair and fit for habitation.
How did you come to the conclusion that your tenant broke the furnace? |
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starrwoode
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you either take a real beating on the price or you fix everything and get a good price, according to where its located ofcourse. its furnace. |
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r_a_i_n_m_a_n_5_9
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First off, when renting you should have a contract drawn up advising the renters their responsibilities for damage beyond the normal wear and tear. Not sure if you did that but if you did and they broke the furnace irresponsibly, you may be able to sue them.
When selling a home it is best to either sell the home in full repair, in other words tip top shape. If there are damages included in the sale, they must be presented upfront. If anything is found out that has not been disclosed prior to closing, any deal you make may and probably will fall through. |
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Mary
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Get it fixed now, and save the headache later. You'll have to fix it once the buyer has an inspection, so doing little things now will help you get top dollar. |
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Susan M
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I don't know what state the house is in, but many states require that the heating be in working order before sale. You may need to replace the furnace. If you can replace the furnace, you can write it off against the income you make from the sale. Usually people want a home to look as good as possible to sell it to get the highest price. Since you don't seem to live in the same area as the house, perhaps you don't care about that.
I wouldn't think that the tenants would have broken the furnace. Maybe a thermostat could be broken, but furnaces have things that go wrong as they age. Sometimes its something that can be replaced by a part, sometimes you have to get a new furnace.
Find a good realtor and they will help you with these questions. |
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MovetoLatinAmerica
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Use their security deposit to fix the home!
Fix it asap! Learn to do it yourself if you can. Also make the kitchen and bathroom as clean and nice as possible! You will also want curb appeal...so make the front yard look nice.
Don't sell the house when it's empty! Go to RentaCenter and rent a few pieces of furniture if no one is in it. RentaCenter is fairly cheap and you can send it all back when the house sells.
Use a broker, not an agent! Unless, you find a really GOOD agent who's willing to work hard for you. Many agents don't do a good job... so I recommend the owner/broker of the company you choose to assist you with the sale.
Good luck! |
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burning brightly
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If you can prove damage other than normal wear and tear on your furnace you may have a claim I take it you are selling the home while it is still rented out as a going income making concern if so forget about the furnace as they will need it when cold and the new buyer is under the let the buyer beware . |
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