 Can the owner of the house where I'm renting a room enter into my room without telling me? |
| I never signed any papers to move in, the verbal agreement was that I would pay $700 a month and it would be month to month, no utilities just $700 for the room. Well after 3 months of being there I ... |
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 Is this a good idea or not? ? |
| My boyfriend & I are looking at a house to buy and we have been trying to run through all the possible options. He came up with this one and I'm thinking its a good idea but I want to see ... |
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 How do i buy the house im renting that is in Forclosure? ? |
| My boyfriend and i just rented this house just to find out from our nighbor that the house is in forclosure, I asked my landlourd if this was ture and she had said she didnt want to say anything to ... |
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 Countrywide broke into my house, why won't they accept liability? |
| I went to my cottage that I own and I walked up to the door noticing the screen door jammed open and the main door had no doorknob on it, it was lying on the floor. I noticed a note on the door that ... |
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 Why do rich people have mortgages? |
| I know the answer may be tax related, but why not, if you have the money, pay off your house. If the house is an investment in itself, why not?... |
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 Where can I check to see how much a property sold for? |
| Is there a website I can go to that will tell me how much a property sold for? (apartment complex)... |
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 I want to throw a tennant out and want to know if it is a civil or criminal matter if? |
i go round when they are not in and throw their stuff on the street and change the locks.
they have not paid their rent now for 4 months and we are in serious debt.
we have gone through ... |
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 Ebay........? |
| you dont make any money on ebay. u pay ebay to sell even if u dont sell. your better off selling on Craigslist for free. there is no better way to sell. your start your price low & it may still ... |
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 How do I buy land in Heaven? |
| I am looking to invest in a REALLY good loaction and money is no object. The Christian heaven is my first choice but I am also interested in anything that comes up in Nirvana, Valhalla, Utopia, S... |
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| Has anyone ever bought or sold property without using a real estate agent? |
| I'm shopping for a house. I got a group of listings, and as I was driving by one of the houses, I ran into the guy selling it who reccommended that we leave out the real estate agent and save us ... |
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 Can anyone advise how my parents can transfer ownership of their home to me, legally? |
| My wife and I have lived in a large house with my parents for 27 years. My parents now want to pass ownership to my wife and I. There are no monies owed on the house.... |
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| Are we responsible to pay the remainder of our rental lease if the landlord has the condo listed for sale? |
| We are currently renting a condo, but the landlord is in the process of trying to sell it. The lease is up at the end of October, and we are currently buying a house with the intent to move in ... |
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 I see a lot of vacant homes around.Can I just go in and settle down there? |
I walk and bicycle around most of the time.That's all I've got.
Additional Details
The kind where the doors are left wide open and no signs of life around.... |
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 I am a Tenant in a privately rented house. and at the moment im having problems with my shower? |
| for the past 2 months its started to breakdown ive been onto the landlord about it he said get a quote i got a few quotes he said there all too expensive so a month past and landlord contacted me and ... |
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 Buying a house? |
| Me and my husband are moving to Ft. Stewart, GA. He really wants to buy a house and I am not really into that whole idea. In the military we normally stay at one spot 2-4 years. He's saying when ... |
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 I want to add value to the property that I plan to sell. Its a two bedroom house on large lot. What would? |
| bring more value - adding central air/heat or adding an extra bedroom. The houses in the neighborhood are mostly non-central air/heat and most are two bedroom houses. Its also a really small ... |
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Brad G | Is there closing costs on homes for sale by owner? |
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meandnadine
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If you are financing then yes there will be closing costs. |
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jonas_grant
 |
Of course. Even without financing, there would still have to be a title transfer / recording. Likely going to be escrow company, possible lawyer depending on your state, title insurance, home inspection, etc. |
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Joe C
 |
Yes, and they can be negotiated between the buyer and seller.
For example, you can write into a buyer-friendly contract of your own that the seller pays most or all of the closing costs (or vice versa as a seller). Or, they can be split according to what is customary.
HOWEVER...If you want to reduce closing costs, ask about doing that on the free forum at creonline.com. |
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RickRN
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The only thing you skip is the 6% realtor commission. |
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STEVEN F
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MOST closing costs are not related to the Realtors commission. The following is a ample of items from my 3 year old closing:
Appraisal Fee
Other loan related fees
Property taxes
Title search
Title insurance
Deed Recording fee
Realtor's commission was about 40% of total closing costs. |
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Expert Realtor
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Yes. There are closing costs on ALL homes. |
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godged
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Of course. There are closing costs on every RE transaction, even if it is a cash sale. |
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Martini Babee
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The closing costs are disclosed to you depending on the mortgage lender you are using. Your lender is required to supply you with initial disclosures (Truth in Lending, Good Faith Estimate, etc.) within 3 days of your application so you can compare the true cost of the loan. The seller of the property doesn't impose the closing costs (those are fees associated with the mortgage loan). |
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Zilla
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Yes. There are what we call "non-recurring closing costs" that have to be paid with every real estate/financing transaction.
The biggest part of a "normal" transaction is the real estate commission--which can be up to 6%. By doing a "for sale by owner" you are bypassing that expense.
But, the other costs (that we figure averages about $3200 per transaction here in NC) include such things as: Title insurance; Loan Underwriting; Processing; Doc Prep; Recording and Tax Certification; Tax and Insurance prepaids; Courier and Notary expenses, etc. You may or may not have all of these, but a lot of these costs are for professional services that you want to have done to make sure that the title is clear, and you are protected.
But, if you can do a deal without having to pay the real estate commission, you can save a BUNCH of money, even if you do still have these costs!
Also, a lot of these costs can be negotiated between buyer and seller. I do not know which side of the transaction you are on, but as the seller, you can offer to pay some of the closing costs as an incentive to the buyer, and as the buyer, you can ask the seller to help with the c/c as part of your offer...
Good luck! |
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chris_sockets
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of course any home sale the buyer has to get a mortgage and there are closing costs on the loan, they can also be financed into the deal on what is known as a seller concession, lets say you both agree on a price of 300k and closing costs are going to be 3 % about 9k , you can ask them to do a 3% seller concession meaning they will sell the house for 309k and give you 9k at closing to cover most of your closing costs, doesn't really hurt the seller (nothing to lose) and only works if the house appraises for 309k or more |
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