 Can I rent now then still be a first-time buyer later? |
I would like to rent a flat for a couple of years, then maybe buy a place further down the line.
Will I still be treated as a first time buyer?, or does the fact that I have rented ... |
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 Does anyone know of any lenders that are willing to do a 80% first mortgage? |
| I need a lender who can do a 80% first mortgage, and have the seller carryback the 20% second. I am in washington state. Please advise. I have alot of clients that needs this type of financing. T... |
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 My husband and I are having someone move in with us.....? |
| My husband's best friend is going to move in to our two bedroom apartment with us. My husband thinks that when splitting bills such as rent and charter that we should break it up in halfs... T... |
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 Discount or regular realtor? |
| I'm thinking of using a discount realtor to sell my home. They charge 4% and say they pay the buyer's agent 2.7%. Is that the same percent the realtor gets from a traditional agency? I ... |
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 What should I do first to buy a house for the fisrt time? |
| Home loan? or find a property? How do I know for how much do I qualify?... |
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 I co-own a home and want to sell it but the other party doesn't want to sell it.? |
| I bought a home with my sister and I want to sell the home now. We've owned it for almost 5 years. My sister is half owner also and she is not motivated to sell the home because her down payment ... |
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 How much of a mortgage will we be able to have? |
| we have a mortgage and are thinking of moving soon, but how much do the mortgage lenders let you borrow, is it 3 or 4 times your anual wage (uk)... |
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 Tenants Refusing To Pay Rent =/? |
| My friend’s mom is renting to this couple who have a kid. They wrote a letter stating that they're withholding the rent money b/c supposedly there's "black mold" in the bathroom ... |
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 Landlord says he gave me 24 hours notice...? |
| I live in Ontario. My landlord called me a few hours ago and left me a message stating he would be here to give an inspection of my rental unit at 1:00pm tomorrow. I have been out of town, he ... |
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 Can I drop the offer I've made on a property? |
if we've agreed 150k and my lender is giving me say 95% mtg 142500. Can I then offer say 140k.
PS the mtg has been agreed in writing with valuation of property completed etc.... |
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 Can farmland be used for other purposes? Where can I find out? |
| I am looking to buy an area of farmland but don't want to farm it, but I do want to use it as a tourist facility.... |
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 Can my apartment manager lock me out in the state of Texas without taking me to court? |
| i am late with my rent and my apartment manager says she is going to lock me out by way of changing my deadbolt she has not served me with any court date and does not let me know where i can get a ... |
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 Can liens be factored into a mortgage? |
| ok. So im interested in purchasing this house for a very small amount of money and in exchange pay off the owners back taxes on the property and about 8 grand worth of liens from the city. (for not ... |
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 Landlord - renters are 40 days overdue on rent.? |
I am a new landlord, and unfortunately live 3000 miles from the house I am renting.
My renters have been late everymonth since I have rented to them. At first it was only a few days, ... |
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 Will you ask your friend to pay for half of the parking fee? |
| Imagine this. You drive a friend home twice a week from school or work. You only drive them home, but don't take them in the morning. The school parking fee is about $90, so will you ask your ... |
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 I have a ethics question? |
| My cousin and I got in an argument 6 months ago and haven't talked since. Just recently he started e-mailing me saying he is sorry. Well today I get this phone call from him saying he is ... |
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| How to get money back? |
| I have a tenant who has been recieving housing benefits and JSA totalling £900+ per month but hasnt been giving me my rent money regularly. the rent is £715 whilst her housing benfits is £710. I ... |
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frdsgt | Is it a bad time to buy a house? |
Some people say that real estate will drop to 1/4 of what the prices are right now in the near future. That means a condo in Los Angeles that some poor family bought 2 years ago for 400K will be 100K in a year or two? That doesn't sound right.
What's your opinion on housing price in big markets like Southern California? |
 |
 
Landlord
 |
No, that is not right, but a 25% is more likely. The housing market was artifically inflated by people who had no business buying in the first place. They are dropping out now, and the market is actually correcting itself, not "dropping". The 400k house 2 years ago should never have been that high, and will go to a more realistic value of about 300k.
This is a great time to buy if you are not planning to sell in the next couple of years. The losers put a bunch of inventory on the market, which gives buyers lots of leverage. That leverage will be gone in another year as the investors snatch up the bargains. |
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Leo F
 |
Its been a sellers market for quite awhile now, people bidding up the sales price of homes and houses sell in days. With the sub-prime failing the market will turn to a buyers market and you will see deals comming out of the wood work. Days on the market is on the rise and inventory is increasing with lots of price reductions. Real estate is not going to drop 75% of value, I don't know where you got that from. |
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devilish1965
|
Not sure.
But if you are renting you are throwing your money away.
Owning is better the renting in my Opinion. |
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Dan
 |
I would say if you are gonna live in the house you buy for atleast 7 yrs you cannot loose. Nomatter what the market is.
Good Luck. |
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Casey C
 |
All real estate investors will tell you... in a good market, buy, in a bad market, buy. There are deals to be had no matter where you buy. I specialize in equity management and mortgage planning. I could give a rent vs. own analysis to see if it's worth owning right now. Even if your home loses value...
Caseycasperson.com casey.x.casperson@chase.com |
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dan
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there is no way home values will drop by 75%, unless there is a complete and total market crash. Which won't happen. |
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Blue October
|
i live in california-----and of course we are seeing a large number of foreclosures due to the sub-prime and ARM crisis.
you can find some great deals...you just need to dig around. make sure the properties are clear of liens or back taxes before you bid on them.
part of the problem is people owe more than the property is worth...so they cannot refi. the property values are dropping...but if you remember the early 90's...this is not unusual and we will recover.
California is always a good place to buy (if you can afford)....and prices always go up and remain high in southern CA....everybody wants the sunshine....
good luck and good hunting :) |
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Judy1
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I doubt that it would drop that much, but wouldn't be surprised at a drop, maybe as much as 25% or so. |
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emgeealex
 |
It's never a bad time to buy real estate. Only bad markets. And Southern California is never a bad market. |
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Twin momma as of 11/11
 |
Your math is 3/4 off the price, not 1/4. At 1/4, that condo would sell for 300K. Still a drop, but that's the chance you take.
It's not a bad time to buy, but it's a horrible time to sell. When you buy, make sure you can live in your home and ride the wave of real estate highs and lows. And condo sales tend not to do that great- trust me, I know. Mine has been on the market for almost 3 months and nothing! I'm not going to sell it for less than I paid for it, but I may have to "give away" the appliances and other upgrades I've made over 4 years. It's still better than rentng, though, where I'd get nothing back after moving but a deposit! |
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