 We have refinanced our home(Alabama)We added our 23 year old to the loan AND the deed.Right choice for child? |
| In other words, since the child is on the actual mortgage loan and the court deed, child should automatically be entitled to the home without any issues in case of death of parent or parents?...Child ... |
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 Someone attempted to break into my apartment. Is that legal grounds to break my lease? |
| I really don't feel safe anymore and would like to move, but I just signed a 12 month lease.... |
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 Mortgage/Job Probation question? |
I just started a new job, totally spacing on the fact that fiance and I were planning on buying a new place in the next few months.
My question is, if my fiance and I were to apply for a ... |
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 Home equity on a house paid with cash? |
| Hello. Were looking to buy a home. And pay in full with cash. Will we gain home equity faster that way?... |
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 How do I get out of my apartment lease without ruining my credit? |
| I found a house I want to buy but I have 9 months left on my apartment lease. I can't find someone to take over my lease and I need to do it right away. Help!... |
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 Should I buy Shop? |
| My husband and I are thinking of buying a local shop ( grocery store) that has recently become run down due to bad management. it used to be a little gold mine years ago..and could be again. Just ... |
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 Why doesn't my realtor want to give back my documents after my offer got rejected? |
| My california real estate broker told me over the phone that she shredded my deposit check even after I told her I'll pick it up. I asked her if I can have the shredded check back she tells me ... |
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 Realtors: if i only offer 4% on my house, do both the selling and buying agents get 2%? |
Additional Details
The house is worth about 250-275k...I found it on the internet, and i had a buyers agent.....i thought it was insane to pay 6% to have her unlock the door, show me ... |
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 I just bought a house, before I closed on the house I noticed someone shattered the sliding glass window,? |
| The listing agent stated by e-mail that she would take care of paying the window repair company, (I already sent her the estimates from two comapnies). Now I get an e-mail that states I have to pay ... |
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 Our house is for sale, we just got an offer, but it will leave us 12,000 in the hole, after realtor fees.? |
| Has been on the market for 4 months, this is the first offer, we are getting about 2 showings a week. We are currently paying 2 mortgages. 6% goes to realtor. Can we ask if she would reduce her ... |
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 If you make 2 mortgage payments a year, how fast can you pay off a 30 year mortgage? |
| I heard you take 7 years off a mortgage if you make one extra payment. I was wondering how many years you save if you make 2 payments.... |
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 How much does a real estate realtor get paid? |
| i know they get paid by each house they sell, but how does it work?... |
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 What is the legal grace period for postmarking rent checks? |
| My rent is due on the first of the month, but I had heard that as long as it gets postmarked by the fifth there are no legal grounds for the landlord to charge me a late fee. Is this true?... |
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Carbonbased Lifeform | Is it better to buy a house rather than an apartment? |
Is it better to buy a house rather than an apartment even if you are not sure if you will stay in the area for more than two years? I was thinking that it is better to buy a house because even if you make the monthly payments on the mortage, you will still get that money back when you sell the house when you move away to some place else. Is this correct? |
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Justin
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Great question. Depends on where you live, true, but depends more on your situation. Can you put anything down? If not, financing 100% may not make sense. If your housing market does deteriorate, you can end up being "upside-down" on your home, owing more than what it's worth.
If you rent, you are truly throwing your money away every month but at the same time, when your lease is up you're gone, and you can wash you hands of it. That's a little harder to do when you own. There are a ton of variables, and no one answer is wrong, except for the one about the trailer. Manufactured homes in most instances are on rented land, therefore they lose value over time. That is a route you definitely DO NOT want to take...
Do some research. Find out at what rate homes have been appreciating in the area you are looking in. Find out what the typical marketing time is to sell a home in the area. And last, but not least, find a professional who can help you make a sound, well-informed decision after assessing your goals and your financial picture. |
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Mt. Kilimanjaro
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For the past 10 years now residential homes have been going up in prices so your correct to think you will get your money back when it's time to sell however, the bubble market in the US has popped and housing have started to slow down, interest rates started to going up and builders have slowed down as well. I think if you purchase a house now you will loose money within 2 years due to market slowdown and mortgage payments will definitely be higher so double whammy in two years time. I think house prices will go down significantly (maybe 10-15%) for the next 5 years.
If I were you I'll get an apartment for now and wait until you see house pricing starts to go up again then buy. |
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LasVegasMomma
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It depends on your local real estate market. In some parts of the country, homes appreciate at a faster rate than condos. Some parts of the country the opposite is true. There is not one right answer. There are many variables that will determine future value of real estate.
Either way, it is better to buy than rent!!! Good Luck and happy home buying... |
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answerMePLS
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The majory of your payment for the first many years go for interest, and the rest (a very few portion) goes to your equity.
Moreover, after you buy home, it is not only mortgage payments. there are other payments you need to consider including insurance, utilities, maintenance and others.
I would recommend to research more before taking your decision. A good website like http://money.cnn.com (go to personal finace tab and then money 101) might be a good help. |
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god knows and sees else Yahoo
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Depends? |
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queenbee
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I AM NOT SURE BUT I WOULD SAY BUY A HOUSE BECAUSE AN APARTMENT WILL BE RIGHT UNDER SOME0ONE ELSE AND HARDER TO SELL A HOUSE WILL BE TO IT SELF AND EASY TO SELL BUT IF YOU DONT THINK YOU WILL BE AT THE SAME PLACE FOR MORE THAN A YEAR , IF IT WERE ME I WOULD BUY A TRAILOR THAT WAY IT WONT COST AS MUCH AND YOU CAN RENT IT OUT AND GET YOUR MONEY BACK IN A YEARS TIME OR TWO YEARS AT THE MOST |
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?
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In the current market...better to rent...save you money, fix your credit, and watch the show...In 18 months people will be beating dowmn your door to give you a home and a good rate because you have CASH which the banks will need.... |
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super stud
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Tax break on the interest and rising property cost may make it good if you buy it right. |
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yonitan
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when you buy a house, there is the possibility of making your money back; there are a lot of things that could make it difficult. renting an apartment is just throwing money away. there is no potential for return whatsoever. i would say buying a house is a better investment, but if you are only going to stay in the area for 2 years, you may not have enough time to flip the house for a profit |
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