 My realtor promise to give me $3000 after I purchased a house a month ago, but now she said no. what I'd do? |
| My (buyer) realtor promise me for $3000 from her commission before I give an offer. But after I purchased a house, she said she can not give me money. I do not have anything in writing, I talked to ... |
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 What do you do for a living? |
| I'm a student for Real Estate.... |
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 Can i break my lease if I lose my job in california and have to move far away to go to a new job? |
| I was fired from my job and have to move 300 miles away for a new job can I get out of my lease ?... |
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 Can we lower our offer on the house were buying now the market's dropped?? |
| we're 1st time buyers in the uk and put in an offer for a property which was accepted feb 08. Since the offer was accepted we had trouble getting a mortgage but have now finally got one sorted ... |
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| How can my husband & I be added to my parents house deed and mortgage? |
| My parents are having a hard time keeping up with their house payments. In an attempt to save the house, they have asked my husband & I if we want to move in and be co-owners. How do we go about ... |
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 Our landlord put the house up for sale, is our lease void? |
We live in Indiana ...
A few months ago, our landlord put the house up for sale. We are having to show the house all hours of the day ... they *usually* give 24 hours notice, which is what ... |
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 Does anyone really enjoy living in a condo/apartment? |
| My husband and I have been trying to buy a house for about six months now. Our first lender gave us a 'good faith' estimate for a loan of 215k. Well.. they were wayy off. We can only get 150... |
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 Flipping houses? |
| anyone know how to get started flipping houses?... |
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 What does a landlord have to supply in an unfurnished property? |
| Does he have to supply a fridge, curtains, washing machine etc?... |
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 I am one month behind on my rent and it is really hard for me to catch that up? |
| I have asked my landlord to take the money that I owe her out of my security deposit and I will still continue to pay her extra each month until I have it paid off, but she tells me that she cant do ... |
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 Can i afford this house ? |
My Financial situation:
Hi there, I am in confused state, should i buy a house or not.
I am my wife are making around 110K per annum before the taxes. We have total app. 20,000 in education ... |
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 Can a landlord tell you to keep your house tidy? |
| I got a letter from my landlord saying my house was "unkempt" and saying I had 30 days to bring it back to a presentable condition. We are talking about the inside, as they had sent someone ... |
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 If you close in 3 weeks is it a good idea to go ahead and put utilities in our name? |
Additional Details
The home owners have asked us if we want to pay some rent monies to move in earlier than Our Closing? and utilities transfer.... |
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 Renting a house that is in foreclosure.? |
| I started renting my house in March of this year and by the mid month, we recieved a foreclosure notice that the owner had until September 15, to move out. I called my landlord and said he had it ... |
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 I need to refinance.? |
| Ive been searching for 2 months to find a company that will refinance my home in the next 2 months. I know the market sucks right now but that doesnt mean that im willing to pay someone 8k just to ... |
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 What happens if your landlord services you eviction papers but you pay immediately and avoid going to court? |
| My landlord served me eviction papers for past rent but I paid it right away so I avoided court and was able to stay in my apartment. I stayed for an additional 10 months until she sold the building.... |
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teenypurplebinky | Im getting a divorce and our house is not selling......? |
I am considering re-finacing the whole thing in my name and renting it out until the market improves. Will this hurt me more than it will help me? I need some professional advice.
Additional Details
By the way right now niether one of us can afford to live there. with our two incomes now separate, I can only hope to rent it out for the cost of the mortgage payment. Is this realistic? |
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sirade1
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You should probably consider lowering the price on it. Neither one of you will take the hit for the whole price reduction, so it won't feel quite as bad as it could be. But I think that holding onto it will accomplish 3 things:
1. Continue to complicate things. If you can get it sold before the divrce is finalized it makes it simpler.
2. Continue to be a financial drain. Even if you can rent it out for the whole Mortgage cost, you are still having to pay for Insurance, Taxes, upkeep, not to mention if you have tenant problems
3. A potential very bad mark on your credit report. If you can not keep up with the payments and it goes into foreclosure then you have more to lose.
All told make your life easier and simpler. Lower the asking price and talk to the realtor to find out what else you can do to get it moving quicker. (Maybe putting some sweat equity, and a little cash in now, could make a difference.) |
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Screaming Eagle
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Refinancing always costs more.
Renting is risky, make sure you do credit checks and background checks on the tenants, and maybe off them a lease with option to buy to get a better price out of them, and they might fix it up more. If they are good, consider carrying a mortgage for them, you can get about 3 times as much money that way.
The best advice, is RECONCILE!
Divorce is HELL! |
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Price is what you pay for value.
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Not sure if this would help. Usually, a housing market correction last for years. It is unlikely things will brighten up in a few months, afterall, this bubble took 5 years for form.
It might be better to give some discount so you unload the house quickly and can use the gain of the home to make money elsewhere quickly. At the same time, you will save money by not paying mortgage for the next 5 months.
For example, if mortgage is $2500/mo. and you have $300,000 gain sitting in the house, by selling it now rather than 5 months later will save you $12500. It will also earn you as much as $7000 from interests (Assuming CD are paying 5.5% or higher).
Total financial benefit for selling early would be $20,000. I would give buyer some discount just because of that.
Finally, keeping a house in selling condition is a lot of work. If your realtor does staging, it costs extra to rent furnitures. If you are living in the unit, it takes extra effort to keep it clean. So, sell it fast! |
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Reaper King
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you take a gamble refinancing and renting. assuming the renters are deadbeats and don't pay, that will put you in a precarious situation that will only lead to foreclosure. and depending on your credit and income, refinancing may actually hurt you if you're payment is too high. you can get rates and estimates on proposed monthly payments and see if you are able t swing those payments. however, depending on your LTV and credit again, might be kind of rough. if you have good credit than it should be okay for you to do. if you're credit is poor than don't even bother refinancing and simply lower the asking price of the house. |
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dajuan_n_only
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There are several options, I have been able to assit peole in your situation with. refinancing would be a option that will help you. Now which program you get into will depend on you. Depending on your credit scor you could get into a refinance program which would drop your rate low to about 3% that way you could make a minimal payment until the house sells or you find a renter.
Feel free to contact me via the information below.
Jenold Freeman
C.E.O. Justgetaloan.net
jfreeman@bourdeaufinancial.com
866 530 7300
Dont forget to log onto www.justgetaloan.net Americas home for real estate financing needs. For the best in rates, loan programs and service. Remember no matter what the situation; Can't we all just get a loan? |
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Dan
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I recommend refinancing into an Option Arm with no prepayment penalty and then put it right back on the market. An option arm would reduce the interest to anywhere between 1% to 3.5% depending on credit and equity in the property. You could even pull cash out and pay your soon to be ex off. I hope this helps you but if you have any additional questions please feel free to email me or visit my website www.dantadgerson.com. |
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jd
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A month-to-month rental agreement is always an option if the area where the house is located can support the mortgage costs. But even in this case you will have to pay a commision to the listing agent. You may want to consider dicusssing the feasibility of a "short sale" with a realtor if you think that you owe more than the amount you will realize from the sale of the house after closing costs. Good luck! |
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Steve R
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Housing market has topped out and prices are falling about 10-20%. The longer you wait, the cheaper your house will be. |
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manx4080
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may i suggest you buy him out, the refincing may take care of that, ask him a price he can live with. |
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