 When renting in the UK....? |
Can you leave whenever you want, or do you need to stay for a period of time, i.e. 12 months?
My boyfriend and I are considering renting because we need to relocate but do not have a ... |
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 I have a service animal and my apartment is saying i have to pay a $200 fee for the animal. Is this legal? |
| I have been told that they can't charge a fee for having a service animal. Just wondering if anyone knows the legal facts regarding this.... |
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 Can an apartment manager tell me i cant have friends visit? |
| my best friend comes over while me husband is at work, so yesterday he told me " i'm goign to let this slide for awhile but then this needs to stop" this is after the fact he said i ... |
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 Can landlord changed locks before eviction notice? |
| Background...we have never missed a month of rent before. We told our landlord on the 5th that we were going to be moving this month. and that we would pay her the rent up to the day that we are ... |
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 Mold problems/getting out of a lease? |
| We have a mold problem in the bathroom of our apartment. The landlord had a new shower installed, and my roomate took pictures of what was behind the old one and it was horrible! I think the guy ... |
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 What Do I Charge? |
| I'm wanting to lease one of my bedrooms to a college student and I need your opinions. Would you pay $375 per month for a bedroom with cable, internet access, kitchen use, full bathroom, and all ... |
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 How can my GF get her roommate to move out? |
| My GF is 48 and has a same age room mate that was a friend. They have a 1 year lease with 6 months remaining. The lease is in Michigan and my GF is the primary holder and her room mate is considered ... |
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 3.5 months into buying a flat should i continue or drop out due to falling house prices? |
| i am close to buying my first property. its a leasehold flat in tenbury wells (west mids). i am growing very concerned with falling prices and dont want to but if im gona go straight into negative ... |
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| I'm single mom with health issues, my BF wants to buy a house and put my name ONLY on the mortgage and he pays |
Is this wise? The reason I am having a dilemma:
I live in a bad neighborhood, my kids like him, we have been together for 6 years and I can't seem to hold a job without getting sick ... |
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 Moving house on imcome support..how do i get my furniture moved? |
| Im on income support and im moving house in 6 days, i assumed my homeless officer would help but shes now said that its my responsability to figure it out...i dont know what to do! does anyone know ... |
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 Is this is good mortgage interest rate? |
| I got a 6.8% on a 100% financed $181,000 mortgage. I have about 8,000 in savings and a 760 credit score. Is that a good interest rate for that type of mortgage?... |
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 My landlord came and told me i have 5 days to get out. help!!!!? |
| he came with this guy and the landlord said i sold the house to this guy. the guy said u have 5 days to get out or the sheriffs will come. they didnt give me any paperwork or nothing. i havent paid ... |
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 OK so I pay my rent on the 24th of each month. I am moving out on the 24th? |
| I don't owe my landlord and they don't owe me right? I can go ahead and cancel my bank payment?... |
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 If I want to kick my boyfriend out of our apartment, and he is not on the lease. How do I make him move? |
Should I call the police? He is a violent alcoholic. I am scared of him
Additional Details
He did get very drunk tonight...I believe he is an alcoholic. I am scared for my safety and ... |
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 PLEASE help !! Is this NORMAL in rental lease? |
Hello, can you please tell me if this is normal to be in a real estate Lease to rent a single family house? It seems a little strict to me..
Pets ( I dont have one but it still seems a ... |
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 If i rent a place 1br appartment with three people me my girl and our son age 6? |
Lets say they only want two for one bed. And...we dont tell them whats the worst that can happen if we sign a year lease?
They will tell us after our lease we need to either move into a ... |
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 Is nine months an average time to list your home with a realtor? |
| my home has been listed for seven months, i just received a copy of the listing agreement that i signed but never got a copy, was never told about the length of it. thought 60 to 90 days but found ... |
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Pantelis K | I want to sell my house,and finance the buyer myself. the house is paid off.is it Good idea? |
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HIGH SHAMAN
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OMG .... DON'T !!
The buyer can get in your home , tear it all up , destroy the light and plumbing fixtures , ruin carpeting , even break windows .... leave a ton of garbage , knock holes in the walls , and THEN just move out ...... leaving YOU to pick up the tab ....
Yes; you can sue them ; BUT just try collecting from a deadbeat ....
Sorry, my friend ..BUT If you sell your house .... make sure that YOU are PAID at the closing and leave the headaches to someone else .... |
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Steve D
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While owner-financing is a good selling point and can make for a nice income (you get to charge the interest and keep it), there are definitely drawbacks - collecting the mortgage payments, filing the taxes, the legal hassles if someone defaults, etc. Think long and hard and if you decide to go for it, good luck and may your buyer do you right. |
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Real Estate Guy
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Why?
The ONLY people you will get doing this are buyers that have POOR credit and can't get a loan from a bank. If the bank turns them down, WHY! would you want them and the problems.
I would price the house right and sell it.
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Gem
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Maybe.
But I would require a down payment and background check.
You really should go and talk this over with both a real estate attorney and an accountant.
Make sure you are protected.
Just keep in mind that there are a few "community" groups (aka ask for more welfare & bigger government) that are trying to push through laws that ban foreclosure. IF that happens in your state, then you won't be able to get the buyers out if the stop paying.
And they always could destroy the house and leave you with the bills.
Good luck. |
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chatsplas
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Can give you a good, solid return, and avoids capital gains. However if it's your home, you probably avoid capital gains, anyway, and they're so low, anyway.
Problem is you need to VERY CAREFULLY check out the buyer. Most who want seller financing don't have good credit. If they have good credit they go to a lender. If they don't have good credit, they have a pattern of making poor credit choices, not paying bills, etc. This means it is risky for you. If you do it, do Installment for Deed, or Rent to Own, where title is not immediately passed. See local real estate attorney. |
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estielmo
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Not in my book unless you have a lawyer set it up for you and keep a close eye on them. Not unless their credit is good with no criminal history. |
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A Texas Tycoon
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If done right owner financing can provide a steady income for 30 years. There are down sides including time value of money and extra work. However I believe the benefits can outweigh then down sides. Here are some suggestions.
Sell the house for full market value - By offering better terms you should get a higher price.
Get at least 20% down - The cash in hand must be enough to cove a possible foreclosure and rehab costs in case the buyer turn out bad.
Charge and interest rate at least 3%-5% higher than you can get by investing the money in cd's or bonds - The added work of collecting the payments, making sure the taxes and insurance are paid and the govt. reporting that are required are worth more.
Run a full credit, background and criminal check on the buyer. Also verify income, employment and past rental or mortgage history.
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HHH Advisor
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in this way you are giving your money to the buyer so that he could invest and make more money while you are just getting mortgage interest.
not a good idea. let him go the bank and get money while you buy another property and sleep on it for an extra 10 years (provided you are from the US where who ever has cash should buy property now)
If you are not interested in investing just sell, then buy a house and put the rest of the money for the bank.
good luck. |
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src50
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I wouldn't do it. |
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doinou
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If you get a really good down payment. |
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Randall E
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No, not a good idea.
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