 Should we buy home with asbestos?? |
| My mom wants to buy a home built in 1920's. it's a beautiful victorian home - thing is, the basement is covered with asbestos on the wood ceiling. is this dangerous? should we buy the home? ... |
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 I live in Arizona, but want to buy a property in Texas? |
| Since property is out of control and over priced I having to look out of state. Anyways here is the problem, I'm self - employed and want to buy out of state. Do I need to talk to banks/brokers ... |
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 Can I get a mortgage without credit or any employment records if I have a $60 000 downpayment? |
I'm a stay at home mom who just inherited $60 000, is that enough to get a motgage?
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my husband works full-time but gets paid in ... |
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 Advice please from landlords? |
| I have been renting a property out for 4 months. I reluctantly went to a letting agent to find a tenant after being messed around a lot. A family on benefits with 3 children (1 on the way) is ... |
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 Instead of selling our house, we considered the option of renting it out, Would a month to month lease be wise |
| Because of the economy, and the requirements for potential buyers to obtain loans, we've decided to rent out our house instead of selling it right away. We've had a few that are interested ... |
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 I need to know if people can still get squatters rights, if you find an abandoned house and just move in.? |
| In the state of Washington. I know that years and years ago people could have squatters rights but I was wondering about it in todays economy.... |
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 Can a judgement be collected on a person that is deceased? |
| If a creditor goes to the judical court and a judgement is granted to them(this was 13 years ago), and it states "active", what happens now. My grandmother died 10 months ago. will this ... |
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 No pets allowed!! that really sux!? |
me and my bf are going to move in together, and i really wanna a kitty!! and he really wants a puppy!!
but we are not allowed, the landlord does not let us.. most of the rental properties dont ... |
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 Can an apartment complex charge me for a chimney cleaning fee? i was never told this before moving in...? |
| got a notice on my front door that read i would b charged $80 for the apartments to clean the chimney.... |
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| How many months rent can a landlord reasonably demand as a security deposit? |
| I am currently unemployed and have not held a job for the past 5 years (I was on disability) and I'm being asked by prospective landlords to supply upwards to a year's rent as a security ... |
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 My landlord turned off my heating and air conditioning unit, whodo I talk to about it? It is in the high 90's. |
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He turned it off because it was being used and he said it was going to burn up. The unit is oviosly older than the other units in the complex.I figure he dosent want ... |
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 What exactly does "as is" mean on realty purchases? Who owns buildings that are on skids? Thanks.? |
| After we purchased our land we spotted a cabin in the trees. This was in May 2005 and now there is a couple claiming it is their cabin and want to take it off the land. They claim because the cabin ... |
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 I just want to know everyone's opinion on buying a mobile home...? |
| I already know the bad thing is the value drops low very fast!! Any other good or bad things about them, go ahead and tell me!! I might want to buy one!!... |
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 House prices..? |
| I know where on the internet to find out how much houses were sold for but can someone please tell me how long after the sale before it appears on these sites?? I want to know how much my neighbours ... |
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 I'm going to court tomorrow because my tenants won't move out? |
| They haven't paid rent in 3 months, she said she isn't moving out because she has a child and no where to go. I can't afford to let her stay because I have my own family to take care ... |
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 My landlord doesn't respond to an inquiry about late fees. What can be done? |
| Over a year ago late fees began accruing on my rent bill. I called the property manager on several occasions to inquire but got no response. Unsure of their validity and being unable to reach the ... |
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 What could i sell????? |
I am making a on-line business but not sure what to sell something that sells good very good any help is appreciated thank
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thanks for your help but a product i could ... |
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Rawkus | Is now a good time to buy a house considering there is a "squeeze" happening? |
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This applies to UK economy
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Elise
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In some ways yes, in some ways no. Personally, I don't feel comfortable using credit to buy a house these days. I don't think that the slump is over and the credit system could be worse.
Yeah, sure they're cheaper than they were a couple of years ago. But this new cheap house that you buy could become even MORE devalued leaving you deep in debt when you finally have to sell it because the interest rates on your other accounts, the gas, and food prices raise so high that you can't afford to keep it.
I will rent, thank you (well, that is if I can convince my husband not to buy a house!!)! :-) |
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Dylyn
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If you can afford to buy a house, right now is a great time! There are so many on the market and you can get a great price and interest rate. If we could sell, we would definitely be buying! |
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eric b
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No. Prices and sales are expected to drop significantly more over the next 2-3 years. While this is obviously a better time to buy than 2-3 years ago, waiting another year or 2 could save you tens of thousands of dollars. |
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DAVE P
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Depends on the price....it could end up being worth less than you pay.. |
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Chico
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Well it's good and bad in my reckoning:
The good - House prices are going down quickly and there isn't so much competition for buying a new house.
Renting isn't necessarily a bad thing.
Repossessions offer a good way of getting a bargain as long as you have them properly surveyed first.
The (UK) government have just started a house share scheme and it's not exclusively for key-workers so you can buy part of your house with your mortgage and rent the other part that you can't afford yet. (NB: I'd get in there early if you're going for that option)
The bad - Mortgage rates are at their highest in the last decade and I reckon won't improve much for the next two years (but I don't know much about housing). Loads of people are dying to jump ship but they can't. Whereas you are looking to jump on to a 'sinking ship'.
If you buy a house now it will take you at least a few years longer to pay it off than if you bought it when the prices go RIGHT down.
Rent rates are very high, so no one gets a break.
Humble conclusion: I've been told it's down to how prepared you are as an individual - if the time's not right for you right now then don't do it. There's always another bargain. Don't feel pressured into leaping for it now. |
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BrokerPro
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Absolutely, they say to "sell high and buy low" and this is the low time to buy! You have a large inventory available, and not as much competition as when the market was going 100 miles per hour, so now you can actually think about your purchase more than 30 minutes and negotiate terms with the seller- what a concept! Get your self pre-approved with a local reputable lender and hook up with an agent that you feel comfortable with and before you know it, you'll be in your new home. |
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rockyfella25
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its the best time now because there are so many in short sales and foreclosures. |
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RM
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If you want a house so that you can get married, settle down, and raise a family a(aka you're buying it to live in for an extended period of time), then a house is always a good investment. The odds that housing prices will continue to slow or drop are minimal. Plus once you pay down the mortgage, you have that equity to tap if you need it in the future.
Buying for investment or for a quick profit though is not a good idea. Buying short term also may not be the best idea (aka you want to re-locate to another area in 2 or 3 years). |
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kapn
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Yes.....if you don't have to sell the one your in............. |
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Elaine K
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Depends. You need to have really good credit and be able to put a good amount down. Also, don't rely on being able to get a 2nd loan for the house or a HELOC to be able to put the down payment down or to buy things for the house...lenders are becoming more wary of giving these out with all the foreclosures (when a house is foreclosed on, many times the lenders in the 2nd position lose their money unless the house sells for more than what the first loan had left.)
You also need to research the area...some areas may fall harder than others. If you're certain you'll live there for 5 years at least, and don't buy just what you can afford (try to go a little less for some wiggle room financially), then go for it!
If there is a chance you may have to sell in the next few years, but you want to buy a house still, location becomes even more important, as well as other house features. For example, end unit townhouses are selling quicker than those in the middle of a row because many times they have a bigger yard. |
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old know all
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Wait a couple of months until prices bottom out. |
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Double-D
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I'm not sure what you mean by "squeeze" but I just bought a house a few months ago and I would say this is the perfect time.
In the last few months the US foreclosure rate has hit all time highs. This makes it a buyers market. However, I'm pretty sure that the foreclosure rate is starting to slow down these days. If you have the means, I'd buy before everything stabilizes.
Time to be a housing vulture like me and take advantage of those who weren't so fortunate. |
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