 What kind of things should we do to get a good appraisal on our home ? |
we are refinancing our home mortgage and we have to have a new appraisal done since our old one is a year old. what things will the appraisal be looking for when they come.
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 Is it true that once a home for sale is listed and has an MLS number..that a buyer cannot offer to pay more ? |
| the house is listed for a price...but i am willing to pay more than the listed price because i want it so much..is it legal to offer the seller more or must i stick with the listed price?... |
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 Landlord tenant rights? |
| my super-intendant lives across the hall from me and one day she comes over and knocks at my door and claimed that it smelled like pot, She also mentioned that she did not mind she just ask that we ... |
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 If I make $30,000(CDN)/year....? |
In order to be approved for a mortgage, what is the most I could afford?
Additional Details
I have no debt and I have no bills under my name and never have before. I have a driver'... |
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 Any advice for my Open House? |
| I am dreading the Open House, but we have found a house we really want to move to, so now we desperately need to sell our house. Any advice, tips or suggestions for a successful Open House? I ... |
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 Should I run if my realtor wants the down payment, first and last mo. rent in cash? |
They won't take personal, bank or cashier checks. They haven't told us we need cash until now... What should I do?!
Additional Details
They did offer to give us a receipt but I... |
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 "Utilities included" question? |
So I sublet an apartment for a month from someone. The ad for this apartment said "utilities included." She moved out, I moved in, things were peachy.
Yesterday, I found a post ... |
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 Hi I live in private accomodation, London UK, i have a baby 1.5 yrs old? |
and theres no heating in the bathroom which is sooo cold, and theres mould growing everywhere and a smell of damp.
are there legally bound to any civil statues here, do I or my child have a ... |
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 Real Estate help?!?!? |
Can anyone give me a link to a few sites or one good one that has listings of Fixer-upper type homes for sale? Basically a site that can give me specific options (acreage, woods, condition, etc)
... |
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 Is it legal for apartment places to charge different rent to different people in the same apartments? |
| We have 5 girls living here and we each pay $300 per month, the people below us are paying $275 each per month for the EXACT same apartment... we moved in on the same date and it really just doesn... |
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 I am a co-signer for a house how do i remove my name off of the house?? |
| my step father is way behind on the payments im in the military so i don't live there or in the area where the house is in. its messing up my credit really bad what should i do or what can i do ... |
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 HAs anyone heard about the "we buy your house for cash" companies? |
| I want to get rid of my house fast. I cant afford it and I cant get it refinanced. I have good credit but I dont make enough money for the mortgage companies to want to refinance me. I am ... |
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 I thought someone cant cash a post dated check? |
| I gave my landlord my check for rent the day before Thanksgiving because I knew I wouldnt be back until today (Dec. 1st) and my rent is due before the 1st of the month. Well, I had not put my ... |
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 Buying a house? |
| Me and my husband are looking to buy a brand new home, asking 182,000 for it...now this is not our dream home..our dream home is worth about 192,000..still not a bad deal...but... with a bank ... |
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 I rent a house in San Diego. We had a home invasion robbery and don't feel safe. Can we break our lease? |
Is a home invasion robbery reasonable grounds to break a residential lease? It was very real with masked gun men, a full police response and report.
Thanks.... |
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 How Do I get my house sold F.A.S. T? I need to sell this house soon so my family can be settled? ? |
| I am so tempted to buy another house before selling this one just so we can be settled. I realize that is the wrong thing to do, but what can a person do when you are so frustrated over people ... |
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 There is a foreclosed house on my street. How can I find out more about this house and how much it is? |
| I live in a nice neighborhood in Austin, TX. A couple of years ago our neighbors 3 houses down the street moved and a large family moved in. I never saw that the house was "for sale" (no ... |
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Charlie B | Is buying a foreclosed property a bad idea? |
Assume that:
1. You can inspect the property
-or-
2. You cannot inspect the property |
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theshadow01
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I bought a foreclosed home last year. It was shown by my Realtor, and I had ample opportunity to inspect it. It was in horrendous condition, but for the price it was well worth all of the work. My husband & I have been rennovating since December (doing the work ourselves). We stole this house!
I would avoid a pubic auction, where I could not inspect the property. We at least knew that the structure itself was sound. All of the work has been to the interior, and we have not had to go to the "bones" of the house. |
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Forsaken
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It may be a bad idea if you cannot inspect the property because you have no idea what you're getting yourself into if you buy it. |
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Christopher
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A foreclosed property is just like any other property out there. They can be a million dollar home or a shack. It just so happened that the bank took it back because the owner could not make payments. Or the government seized it.
Keep in mind that there are a lot of people out there that look for foreclosures, and you will NOT be the only one making a bid. There are investors with lots of resources that can outbid you very easily.
I would stay away from ANY property that you can not inspect, this just would not make any sense. Even if the property was inspected recently by someone else, it is not good enough to trust blindly, you must verify. |
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Rebecca
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It is the best way to buy a house. And yes, you can inspect the property; that is your right as the potential owner, and if someone is telling you that you cannot inspect the property, run as fast as you can in the other direction; they're hiding something. |
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BobBobBob
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This is a complicated issue. Buying and reselling foreclosures, as everyone will tell you, is dangerous.
Read this article, for starters:
http://foxnews.smartmoney.com/home/buyin...
You need to know real eastate, and all its peculiarities like the back of your hand.
You have a lot of homework to do. Be careful, but it CAN be a good way to make a living. Good luck! |
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applpro
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it all depends on the purchase price. If you can buy it cheap enough & fix it up yourself, it may be a great deal. |
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Credit Expert
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If a foreclosed property is listed though a realtor the bank's REO department listed it. This is a great opportunity. When you make the offer for full price or a little less you ask for allowances for repairs. The bank will pay those, provided you attach the estimates. The bank in a lot of cases will also pay the closing costs. They want to unload because they are paying taxes, maintenance, winterizing etc. It's a non performing asset to them.
They may even finance it for you.
Now HUD foreclosures can be a heartbreaking experience even if you have all cash. You are required to place a sealed bid. Highest bidder gets the property. Then if you win you have to pay for, and do all the repairs.
Other similar deals are called short sales. That's a deal where the lender has agreed to release the lien for less then the payoff.
These can fall through if the realtor tries to get more than a 4% commission, or the seller tries to get any cash out.
You are able to inspect any of these properties. Never buy a property that you can not inspect. |
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brighton50
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i would steer well clear of any property that you werent allowed to view, or at lest get a survey on - buyer beware!
if you are happy with the state it's in, then the price you pay is up to you and seller (mortgage co?) to agree on, unless it goes to auction.
build in (!) renovation costs, legal fees etc to any likely price and profit expectations, along with your OWN mortgage payments, if you intend to get a loan to pay for it, while doing it up.. |
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Sweet Dreams
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well if the house is foreclosed, it usually means that the owner could not pay for it anymore or it was abandoned. go inspect it first. because the ads wont tell you anything about the sink holes and 'what not' to get someone to buy it. be a responsible consumer. |
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