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 Is it normal to have the seller pay for the closing cost?
I just had a good faith estimate done for a home loan, the closing costs reach almost $9,744.00!!! My loan advisor told me that the seller can pay the closing cost. Is this normal? Does it depend ...


 How to become a successful real estate agent?
...


 Why are homes so expensive in the UK?
limited supplies? not enough houses for people? I just read an article about how expensive it is in the UK, just woundering why?
Additional Details
yeah the article said middle or high-...


 I rent a house that has no heat/air upstairs,landlord refuses to fix due to cost, is he required to fix it?
He bought a 12" x 6" heater but it is so small that it's a joke! Can I complain? to whom?...


 My boyfriend moved to be with me 300 miles from home.
He was mad that his one ex moved them an hour from where he was. When he moved here all he did was complain, my son didnt go to bed on time, my daughter was a smart mouth and to noisey, he complained ...


 First time buying a house and i feel like i'm getting screwed with my payment, any advice?
i am in the process of buying the house we've been renting from my mom. she purchased the house for 320 and it was just appraised for 300. i'm taking over what's left so i'm ...


 Can I get house mortage without social security ID?
I am student in USA enrolled recently to the university and I will stay for about 4 years.
My VISA is F-1 student VISA
currently I am living in rented apartment but I would like to have my ...


 What happens when you have an oral contract with your land lord and he wants to sell the house 2 mon. after?
I have rented from him for 3 yrs. and have had no contract ever and no problems. I recently moved into another rental of his and did another oral agreement. When we moved in he stated he did not want ...


 How much money would i need to put on a deposit for a house?
I am 21, wanting to get onto the property ladder and would like to put down a good deposit! Can anyone help by telling what would be a good amount????...


 Can my landlord evict me?
I have been living here for 4 years. In that time I have bounced 3 cheques. Every time a cheque bounced, I advised the building manager before he heard it from the bank and provided a replacement ...


 Does the amount you pay for mortage every month increases overtime?
my parents just bought a home that they cant even afford (700.00 in san francisco),the mortage payments will be 10 thousand dollars every month for 30 years,which i think is totally crazy,i am sure ...


 How can someone in minnesota buy a $300,000 home on a yearly salary of $45,000/yr.?
...


 Can i report a landlord?
my brother in law became my landlord and i go without heat for weeks and days at a time no hall way lights either its unsafe to live here.and i have animals running around in my apt walls,and when ...


 Rental Property Electrical?
We are looking at purchasing a 2 bedroom home for rental property. It currently has 60 amp service with knob & tube wiring. Our city code requires 100 amp service but do we have to upgrade before ...


 Can a landlord send me to collections when I do not live at the apartment?
I signed a lease beginning in September and moved out before October, leaving the lease in my name, however my ex husband, his girlfriend and his cousin are living in the apartment that is in both of ...


 When will housing prices bottom out in So. California?
We are looking to buy a home soon. Some say buy now, some say wait 6 months until the market bottoms out and prices will be rock bottom. Any statistics or opinions on this?...


 On average what percentage does a real estate agency make off of the sale of your home / property?
...


 Can I sue the selling agent for mental stress?
Okay, I have been trying to buy this home since the beginning of Dec. (07). I have given the selling agent 2 extentions, due to them not doing what they should on a timely manner (fixing the gas leak ...


 How much should I pun down on a house?
How much should I save up for a down payment on a house? I’m thinking about getting one that’s no more than $150,000....


 What tips to sell a house quickly?
Want to avoid going through a realtor, lots of pretty land in country (though not so pretty in winter) - house is small - also, how can small cracks in the walls be covered?...



AL
In the long run do the prices of houses go up or down?
                     
 




A-man
Ummm... hard to say in generality. It depends upon the location, local population and local economy. If there are better prospects for the future, the population will grow which means house demand will go up. This means house prices will go up and vice versa.

In the long run, the chances are higher it will go up. The real question is how much...1% , 5% or 50% over 10 years (for eg.) which makes it either good or bad investment wrt other vehicles.


Skywalking
Up, for example, if you look at the market in a 10 yr interval you'll see a great price difference... Well, that's speaking in CA terms


I'm a believer
Rating
Over time house prices will go up, but lately there may have been a dip in prices depending on your area.


teran_realtor
"Long run" can have many meanings....

........ houses surely cost more now than 100 years ago.


chaneltaylor430
Rating
They always go up! they are one of the very few things that always stay consistent with inflation. They may not go up as fast as they have last year or so but they are always a good long term investment.


sdmike
ALWAYS UP, but you have to be able to hold throughthe downturns to make that work. If you look at real estate over any 10 year period you will see appreciation, but you have to be able to tough out the downturns to make it work...


jseah114
Rating
Up.


loanman46
Up...always. There is no better long term investment vehicle in terms of return and safety of investment capital.


Skip
Rating
Over the lifetime of a person residing in a house the value of the house would increase.

If your mother and father purchased a house and still live there asks them how much they paid for the house? You will be surprised.

Now each and every year the housing market might not go up, but look at the market over a 5-10 year period and you will see the appreciation in a house.

My first house I purchased cost $18,000.00 in 1974 or 1975. I had it refinanced about 4 months ago and took some cash out. The appraised value was $650,000.00 Now of course I am in California.

The appreciation depends on the neighborhood also. I moved to a place called Orange county and purchased a home there. When I moved there there were few homes in the area. I paid $34,000.00 Value of the property now is over $1.5 million.

So if you are looking for a long term investment try real estate, but you have to hold onto it for the tax write offs and deduction, appreciation, rental income.

I hope this has been of some use to you, good luck.

"FIGHT ON"


mortgage help
Rating
are you kidding?


steffiegirl815
They always go up over the long term. They are about the only thing you can buy like that. They are a very good investment. They will always go up in an area where people will live. They will go up even more based on the demand and what you put into the house.


LOW
Always up! Can you buy a run down shack for what your grand mother, as a Young lady paid for it?


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