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 We are buying a home...what happens when the appraisal comes back less than the purchase price?
...


 What to do - Landlord not providing heat!!?
I live in Westchester county NY, in an apartment building. The landlord is supposed to provide heat, and there is no way for me to turn the heat on/off in my apt. I complained a few times in the ...


 Selling our house. How do we make the home information visible to out of state buyers looking to relocate?
We are selling our house. We live in an area that is very conducive to people looking to relocate. We are using an online service (buyhomes.com) and they will post our house on the mls realtor ...


 Where can I buy lots of cockroaches?
The pet shop can supply mice and rats.
The problem is I am leaving my flat next week and the landlord says I have to leave it as I found ...


 I purchaced a home and the prior owner is not making an effort to move, what can I do?
the prior onwer was to turn in the key 2 days ago, now says maybe another ...


 How to get rid of my roomate?
I got a roomates about a years ago but i want her to leave i want to have the apt to myself i just rented her the room and she wont leave? the apt has been mine for 3 years never had any problems. i ...


 Does anyone know what the laws are on 6 people sharing a 3 bedroomed house?
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 What happen if u lose a job before closing date?
my closing date is aug. 8. i think my job mabye in jeopardy. if i lose my job before closing date...do i have to tell my mortgage bank? what happen if i get another job before than? do i still ...


 What is your BIGGEST real estate regret?
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 Have to leave Parents Home?
My Parents have decided to sell up and leave the country - leaving my brother, sisters and I homeless.

Our ages range from 17 to 26 - are we entitled to any sort of housing help?

...


 Do you still half to pay your half of the rent on a lease that your x refuses to breach?
I want to break a rent contract. I have 7 months on the lease left. The situation with my x-boyrfriend was an abusive one so i had to leave but I was told I still have to pay my half of the rent ...


 Verbal 30 days notice?
We signed a 1 year rent contract. It expired 2 months before we moved out. There's a line in there which we didn't read which says that after the contract expires, it will become a month-...


 We want to buy a house but its so complicated.Any advice?
We are pre approved for 150k loan but i am not sure how much of a house i can get for that amount in North Carolina. my husband is the only one working right. How much does it really cost between ...


 Should I repair my credit before purchasing a home, or continue renting until I repair my credit?
I want to purchase a home, but I am currently repairing my credit from mistakes I made 4 years ago. Ive consolodated two major issues on my credit, a large credit card bill and money I owe the IRS, ...


 I gave my landlord a 6 month notice that I have to break the lease?
I can't afford to stay in this rental home thats $1300/month? I gave my landlord a 6 month notice. What can he do legally to me? Besides, there are things that are broken that he won't fix ...


 Getting out of a lease.?
I am currently locked into a lease but have lost my job. There is no buyout option, but I will be unable to pay rent in the near future. I have given notice, but they are saying that I am still ...


 Is this my responsibility or the landlords?
ok i've been renting an apartment for about a year now, and its time to sign the new lease, but i have a few issues with my landlord. first of all he never does anything that is his ...


 How much does a home cost?
Roughly how much would the minimum deposit be on a £250,000 property?
Additional Details
Roughly how much would the minimum deposit be on a £250,000 property in the UK?...


 I am going to bid on a HUD home tomorrow, its 87,500 dollars, I want to bid 80. Do you think that is okay.?
The house is nice, it has minor problems, mostly cosmetic and probably not adding up more than 2 thousand dollars. The neighborhood is nice. The home is 3 years old.

Do you think that is ...


 Can buyer refuse to buy after inspection?
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Maria C
Im contemplating on buying my first home here in CA. They said its a buyers market. Should I do it?
                     
 




ANG
Rating
Buying a home is a rather important decision that shouldnt be decided by yahoo members...But if you want opinions you need to give a bit more info...


Dfirefox
Rating
Don't get an ARM..get a fixed rate and make sure it is locked in .


shana m
yes I think you should definatley go for it try checking out pre forclosure list you can even save more . ask your loan advisor or local real estate agent if they have any houses for sale that are also in pre forclosure you can usually buy for lower than it appraises you can check on the forclosure list to see how much thay owe so you can make an offer that will benefit both them and you.


dajuan_n_only
Purchasing your first home is a very important decision. I would agree with the buyers market theory also. I currently have a lady purchasing a house in Fresno with 20k in equity. An important thing in buying your home especially in that type of market where prices are higher than most is how much you can afford. Before you even step foot into a realtors office I would suggest you get approved for a mortgage. You can get an official approval, competitve rates and programs at my company site http://www.justgetaloan.net/ Getting approved does two major things for you: 1 it lets the realtor know they have a real client, I know it sounds lame but they will treat you 100% better when you have been approved. 2) Being approved gives you buying power. Imagine you were the seller if you wanted to sell your home for $300,000 and i walk up to you and said Ive been approved for $285,000 and can close within weeks they are more willing to take that official offer than trying to hold off for people who they do not know they can really buy the home. This creates a better situation for you becuase now you have equity or money in the home. If you would like further assistance feel free to contact me at 866 530 7300 ext 7305 or email me at jfreeman@justgetaloan.net


karrie r
Rating
This is the best time to buy. If you are in Cali this is perfect for you. The market is always on the rise over there. For once there is a chance for the fist time home buyer to buy into this expensive market. There are also a ton of foreclosure properties on the market. If you would like the list of these property's or just need a little help feel free to contact me.


dudekunle
yeah, its a buyer's market right now. it'll be this way for a while now


Rhonda
If you can afford it, go for it. Real estate is one of the best investments you can make, especially in CA. Get a fixed rate mortgage, and work with a professional broker/realtor as they know the market and will negotiate in your best interests. Best wishes.


newmexicorealestateforms
As a suggestion you might want to contemplate picking up a government foreclosed property in California instead of going first to the retail market. Here go check them out:
Homes and properties being sold by the different departments in US Government:
http://www.hud.gov/homes/homesforsale.cfm
If you don't like what you see then maybe you should go look at the retail market place.
Buena Suerte


Drew
Since you are in Cal first off ask why is there a bubble and how much will it deflate.
Low ball big time and look on the County Assessor website to see when and what price they payed for the home. if they got it in the last five years they are most likely upside down and it is default time.

Also check out this web site.

http://www.breakingbubble.com/index.htm


missl
I cant speak for CA but Sydney is the same at the moment. You first need to organise your finance there is no point in going shopping without a budget. The internet is a good place to start just to get a feel for what the going prices are, you need to narrow your location to a few suburbs or areas. All agents have access to recent sales information you can ask them to assist you.
The best way to get a feel for an area is to drive around try out their coffee shops and local facilities, a lot of people rent in the area they want to purchase in for 6 months prior to purchase.

Good Luck - real estate also goes in 7 year cycles if the market is down at the moment then it is the best time to purchase.


cincinnatus
Rating
The market will probably continue to soften. If you love the house then buy, if you are just looking to make money then wait 2-3 years, build your cash and look to pickup a foreclosure.


Anthony M
I would definitely suggest researching any prospective areas you would like to purchase in. Pick up a few of those home guides at the grocery store just to get a feel for what's going on in your market. Also look in the newspaper, the amount of ads of homes for sale that have been "reduced" should also give you an idea of what is happening. I am originally from Los Angeles now I reside in Las Vegas, homes here have been sitting on the market for months as opposed to a few weeks or even a few days. Sellers now are entertaining all offers instead of watching bidding wars between prospective buyers. When the market softens sellers tend to contribute more towards the transaction because they know serious buyers are becoming somewhat scarce. Whatever your decision is I would suggest that you get pre-approved by a lender before you really get wrapped up in making your purchase. The Realtors that I work with prefer that their buyers get prequalified with me first, that way they have a good idea of what price range will be suitable for the buyers.


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