 What happens to the deposit on a house at closing? |
We are buying a house and we put down money for a deposit on the house. Do I get the deposit back at closing? Or is it used to pay other fees?
Additional Details
I do have estimated ... |
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 Update to landlord evict issue. Am I protected by law? |
I went home and checked my lease. "Landlord shall have the right at all reasonable times during the term of this agreement to enter the premises for the purpose of inspection..."
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 I was wondering how to go about going to doctors about my housing situation.? |
| I have an appointment tomorrow with my doctor to explain to her about my housing situation. I'm hoping that she will be able to write a letter to the council and explain how I'm feeling ... |
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 Does having an open house really get serious buyers? |
| I have my house on the market in Ohio. Ohio is very slow in sales right now. The house has been totally renovated in 2006 using corian, cherry woods, new carpet, ect. We are not getting any bites ... |
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 Regarding a new home? |
| We have a mortgage of a condo, which is hard to sell, and we are thinking about getting a new home. What happens if we stop paying the condo when we move out? I know it will mess up my credit, but... ... |
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 What are repercussions of backing out on the purchase of a home two days before the closing? ? |
| No money was put down. We aren't going to back out, but the seller is really jerking us around and we are closing on the 28th, but she is holding the keys until the 31st at 4:00pm because she ... |
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 Is it legal for my Duplex landlord to make me split the water bill with other tenant? |
| I know we don't use much water since our washer and dryer do not work. So I'm wanting to know is it legal for my new landlords management company to make me split the bill with the other ... |
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 Can you afford an apartment without going to college? |
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 Am i still liable for punishment from the house i'm moving into next year, if the meter is already rigged? |
| I'm a student moving into a house this Spetember, and i happen to know thew the old tennats that are moving out have had the electricity meter profesionally rigged, un-beknowns to the landlord. T... |
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 How do I sell my house in spain quickly? |
| Ihave a house in Spain in almeria and I need to sell quickly. It is a beatiful house with 4 bedrooms and all other rooms ,plus 6400m2 of land on a very private plot, but only 2kms from the nearest ... |
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 Is there a way of getting out of a recently purchased Home? |
| We purchased a home in May and I do not like the location.. I guess I didn't do enough homework before we bought it, actually I felt pressured by our Mortgage Company to buy. Is there any way ... |
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 Buying a house. dont know anything? |
what are property taxes? how do they work? do you pay a little each month? what causes them to go up? can you please explain property tax to me. please make it as simple as possible
Additional D... |
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 My husband and i are going to start flipping houses.? |
| is there anybody out there that has flipped a house before? we are interested in learning all there is to learn about it, so that we can ensure that we make a profit.... |
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 Seller cannot close after accepting offer - Help? |
| My contract with the seller expires today because the seller cannot come up with enough additional funds to close. He owes his lender more than the house is worth. I believe the seller is working ... |
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 I bought my home about 3 years ago and since have gotten married now i am? |
| tryn to sell my home ,i set a price and the people went to the bank to see about getting a home loan to buy my home the man called back and ask if we would come down on the price because his intrest ... |
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 Mortgage broker is telling me that I'm needing to come up with about $500 more when closing is scheduled for? |
| the 10th. This is based on the lender wanting more up front to cover escrow. The closing has always been scheduled for the 10th but now the broker is telling me this has changed because it's ... |
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ashleigh2501 | In this day in age, is better to rent or to buy a house? |
Peoples opinions are really going to differ with this question. |
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PlasticTrees
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It's always better to buy, if you find a good deal of course. My rent is 100% more than what a mortgage would be in a nice neighborhood in my area. As of now I'm spending more and living in a crappy neighborhood (crack house across the street). |
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Jon, Realtor
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I still believe buying is the best opinion if you are going to live there for at least 4 to 5 years. As a Buyer's Agent, I tell my clients that they must consider how much they can afford, what type of home they are looking for, and as well as where do they want to live.
Yes, the market has slowed, but instead of paying for someone else's investment, why not buy your own asset.
Renting is find for short-term stays, but no matter what the housing market is doing, it's always better to have somewhere you can call home. |
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Pure Genius
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well i always say buying is the best because you are throwing money away with rent but unfortunately the market sucks right now and homes are waaaay too expensive... if you can get buy a home for equal or close to amount you would paying rent then yes buying is the best option...if buying a home is more then renting an apartment the no dont buy... i also found some great home buying information, has everything you would need to buy a home, even mortgage calculators so you can see the amount you can afford.. hope it helps
http://www.hughkice.com/
http://www.hughkice.com/PageManager/Default.aspx/PageID=1879814 |
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V-Starion
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Most landlords rent out their investment properties at a monthly rate based near their PITI (principal, interest, taxes and insurance) plus 10 to 25 % profit.
So generally speaking, if you plan to live in this home for five or more years, you are better off buying. You should be able to reap the benefit of property value appreciation and that should offset the costs of maintenance and repairs that come with home ownership.
If plan to live in this home for three or less years, you might want to consider renting. In three years your home's value won't appreciate enough to offset the "costs" of buying. i.e. realtor's commission, doc fees, loan points, attorney fees, etc. |
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SG Elite
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Its subjective. I'll choose to rent then to buy given the reason that these days its not difficult to find jobs worldwide. Besides the property market is very violatile. |
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randomchick
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I have always been biased towards buying. Real estate always pays back big time if you play your cards right. |
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edna_grant
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I shot for renting maybe my age but due to the ecomy up and down.i don't trust it.i am in florida and there are alot of issues with the ecomy here.i say rent no worries.good luck |
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success.athome
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It's better to buy because you will get your money back in some other way when you sell your home either from equity you have put into the loan, tax credits or improved credit scores from paying on time. Look closely at your loan options. If you're only going to be in the home a year or two, you probably want a different type of loan than a 30 year fixed (like an interest only or an option arm). Be creative, you can always refinance or sell. |
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LIVING AND LOVING LIFE ALICIA
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i believe that its always better to buy a house because you can pay rent for a million years and it would never be yours .if the land lord up and decides to sale the property one day, you'll just be out and there's nothing you can do about it |
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