 Buying a house.? |
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 What is the value of buying a trailer park home? Would the value increase like a house? |
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 House Prices? |
| I love in Los angeles CA and realy want to buy my first property (townhouse).. but the prices are sky high, but i heard that prices are going to drop...Is that true?... |
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 If i purchased a home in 2005 and it was a subprime loan and then i walk away and it forcloses? |
| AND THE BANK TAKES IT BACK AND THEN LISTS IT WITH A REALTOR AND PUTS IT ON THE MARKET FOR HALF THE PRICE I PAID FOR IT THEN THEY SELL IT FOR THE LOW PRICE WILL THEY COME AFTER ME FOR THE DIFFERENCE AS... |
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 If you have a mortgage at 9.5% and the house costs 50,000? |
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 Being a first time homebuyer, what can me and wife do to get a mortgage with very bad credit?? |
We did see a realtor but they told us we need to wait until next year to let some of our good credit history mature.
Additional Details
We can afford it, its just that it seems our ... |
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 What happens if they ignore my offer? |
| We just put an offer in on a house that is selling for $189,998. On the listing, they offered to pay one year of HOA fees with an acceptable offer. We offered $180,000 plus the 1 year HOA. We ... |
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 Tired of wasting money on renting...can I get financing? |
My husband and I have looked at getting houses at least once every year but it never works out. I usually get discouraged and give up.
Here's our situation:
Husband:
*... |
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 Do you think that the Real Estate Market has falled enough to make you step in and buy a home? |
I am a Realtor on the North Shore of Long Island and I am curious how the general public is viewing this matter.
Additional Details
whoops, it should say, "fallen enough"... |
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 Is this sound weird? 10 points for the best advise. Thank you? |
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 Mortgage closing and Tenants? |
| I am closing on a property April 9th. The tenant is suppose to have moved out already but he is still there. I can't even schedule cable services or any other utlities becasue he is refusing to ... |
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 Pay off a mortgage or invest? |
| I have a 50k mortgage @ 5.68% on a coop bought for a total of 72k. After four years I think the coop's now worth about 300k. If I pay off the mortgage isn't that a significant return on my ... |
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 Should I relisted a with another realtor after 6 months!? |
| My house on the market almost 6 months now, drop the price twice already, but not a single offer, Should I take my house off the market after my listing contract end with my current agent and ... |
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| This may sound like a stupid question, but you have to understand that in Southern California, land has an extremely high value. I seems to me that since he has about a quarter acre of my property in ... |
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 Mortgage rate locked or is it? |
| If I locked in a rate with my mortgage bank, get the commitment letter, and then the rate goes way down. Am I under any legal constraint to go through the deal with them if I find a better rate with ... |
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 What type of home loan is best for someone with 680 Credit score, no money down? |
| I'm looking to buy a home. My credit score is 680, but I have no money to put down. What is the best loan option for me? A friend is buying a home and he says his rate is 1% and his mortgage ... |
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PlasticTrees | Is right now a good time to buy? |
Either through conventional mortgage or cash. My family is telling me it's the wrong time to buy.. but I can't get this through to them. I'm paying in c-a-s-h. I'm buying a house out of foreclosure @ 50% of appraisal. |
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Jason S
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It is absolutely the correct time to buy! It is a buyer's market, which means that the selection of homes on the market are plentiful and sellers are willing to sell homes for less than market value in many cases. |
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slara512
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a good way to determine if it is a good decision is to compare the mortgage payment to rent. check craigslist.org and if the market is is higher than what your monthly expense would be if you used 100% financing, you would be wise to purchase the home. |
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A Wise Realtor
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In today's real estate market, its a buyer's market; especially with the mortgage market the way that it is. The number of buyers that can qualify for a conventional loan has decreased dramatically because of the lack of sub-prime and Alt-A mortgages available (those with less than "A" credit). So, a few things to consider. Are you buying this as investment or your homestead? If you buy with cash are you depleting your savings?
If you are buying as your homestead (your permanent residence) then by all means it makes perfect sense to buy the home. Considering the fact that you'll already have 50% equity in the home even if you borrow the money conventionally; that's a no brainer. And, if you pay cash, you'll own a home free and clear and if it is in a good area (hopefully you have a good REALTOR run comps for you so that you know the rate of appreciation for the area) your ROI (return on investment) will be awesome.
If you are buying as an investment and you are depleting your savings with purchasing cash, then you'll have other costs you will need to face, i.e. holding costs of keeping the house such as electric bills, another mortgage payment, maintenance of the home, vacancy rates of not being able to rent it out, etc. I always tell my investors that are looking to buy an investment property to do a balance sheet on the property and see if it makes sense to buy. |
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HeavenlyBliss
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It's a great time to buy, and foreclosure properties may be purchased quickly by others |
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loancareer
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I don't know if there is ever a bad time to buy, that is if you plan on living there. I would say that it's prbably a bad time if you think you are going to fix and flip.
Chances are that if you pay full price ( which you apparently aren't) next year the house will be worth less, but if you look at real estare valuses over the long haul, you can't loose.
>>SIDE NOTE<< If you are buying a foreclosure, you are buying every lien and judgement attached to that property. Make sure you have a lawyer who specializes in foreclosed properties. Spend the extra bucks to make sure you're doing it right.
Buying foreclosed properties can get you the deal of a life time, but you may be buying more that you bargianed for. |
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Bill P
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rates just went down again. If you listen to differetn people, some will always tell you to save or wait. meanwhile the rates go up, prices go up, etc. Why not finance your home and leverage your money. Cash is good if you have all your bills paid. Good Luck and God Bless |
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babyjamie94
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it is never a bad time to buy a home.that is your crandle and it will always be yours no matter what no one can never take it away.it is also your furture retirement.you will never go wrong on buying a home.it may be buyers market now but the time will come when it is sellers market and than what will you buy? |
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PI
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Same principle as the stock exchanges...buy at the low, sell just before the peak.
Generally across the US prices are low and negotiable. You're buying a foreclosure - there's no contest. Except; make sure you have a full survey. Be aware of faults and how much it might cost to repair. (If you've used all your cash to buy, how will you afford the repairs?)
Equally, why not talk this through with a local investment or financial consultant. Why? It's called ROI (return on investment). Maybe you'd be best advised to take a small mortgage for say, 30% of the cost. Why? Tax for one reason.
Worthy of considerration along with many other issues you might not have thought about so, my advice would be to shop around for local advice and take what suits you and your circumstances into consideration.
Either way; buying now will prove an excellent investment provided you ensure the area is a good one and the property itself is sound.
Hey, have a great time with your new home!!! |
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hanson-paul@sbcglobal.net
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I think that now is a great time to buy property. True investors make their money when markets go down, real estate & stocks. Personally I like working with real estate because I understand it, not so much with stocks. Understanding that everything is cyclical certainly helps. When a market hits bottom and starts to go back up, who wins? The people that bought at the bottom of course.
I recommend that you get a true idea of the property's value first and not just take someones word, or worse use Zillow to get your numbers. Call a local real estate professional to have them pull similar properties that have closed over the past 6 months to a year. |
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chicka
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I think it's a good time to buy & a mortgage is a good tax writeoff. Rates are still low. If you are buying a home under market value, then it should go up after some time. What state are you in? |
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