 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 ... |
|
 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.... |
|
 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 ... |
|
 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.... |
|
 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 ... |
|
 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 ... |
|
 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 ... |
|
 Is it possible to find and apartment to rent after and eviction? |
| most apartments that I have found that do except evictons are in the worst area> Does anyone have any sugguestions.... |
|
 Tips on buying a house? |
| what information do I need to buy a house?... |
|
 Just bought my first home and moving in soon. Who pays the previous tenant utility bills? |
I am concerned that I will have to pay any electricity / water / gas bills from the previous owner when I reconnect the utilities.
This is my first time moving out - so just tight for cash...... |
|
 When you are looking for an apartment what does studio mean? |
i was looking at apartments in chicago and it says studio, does that just mean that its like an open room?
Additional Details
so would anyone reccomend living that way?... |
|
 Best mortgage deal? |
| My sister in law is moving to Florida and is looking for the best mortgage deal that she can get. She has the house picked out and now needs the best 30 fixed with no added cost. Any help would be ... |
|
 Are there real small houses that are dirt cheap to buy? |
| such as small 2 bed 1bath houses, some say u can get those for a couple grand. i dont know if its true, who else can help?... |
|
 If I owner finance my land & they build on it, then default, what happens? |
| I hold the title to this land & wish to owner finance it to someone. What if they build on it and then default on the note? Maybe the bank would fold it into the new construction home loan?... |
|
 Question about my Renter and can I sue for more than deposit? |
| I had a renter in my house for two years. When she moved in the house was only 5 months old. We took a deposit of 1450 plus 250 for pet deposit. She just moved out a couple days ago and the house was ... |
|
 Is it really better to have a mortgage? |
| I've had people tell me that you should always keep a mortgage because of the tax deduction. Is that really true? We paid our house off 2 years ago and it feels great to not have a payment, but ... |
|
 How can I invest in real estate with $0 money down? |
| Banks are asking for 20% down. I have good credit but, no down payment. I appreciate any advice I can get!... |
|
 Who can I report unsafe apartment conditions to? |
| I have lived in my apartment complex for 4 years now, and they've never been nice by any means, but they're completely livable; no bugs or anything. We have these wooden awnings which hang ... |
|
|  |
*~*love always*~* | 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 what other people think before I agree to it.
Since my name can't go on the mortgage (I have no beacon credit score right now) I legally would have no rights to house. Since his name would be the only one on on the mortgage he would be responsbile for the down payment and 3/4 of the mortgage payment. We would still split the utilities 50/50 and our own personal bills like my child care would still be 100% mine. This way if in a few years IF things don't work out with us (which I don't see happening) I would not be out much money once I move out...and if we stay together like we are planning I saved a lot of money. What do you think?
Additional Details
He is extremely financially stable...he could outright buy this house we are looking at if he wanted too. |
 |
 
Alex M
 |
I'm a Christian, so you can guess how I feel about the moral aspect of this arrangement. On the practical side, this is a disaster waiting to sit on your head. As you say, you have no rights to the house and, therefore, no say in anything except for what he gives you permission to do and, even then, he can always override you. He gets part of his mortgage and half of the utilities paid and you get to be a renter while building up his equity. While people often buy houses to rent to others, you clearly believe that you are not just a renter, but essentially, this is what you are regardless of any other benefits there may be with this setup. By the way, your name certainly can go on the mortgage as a co-signer. It sounds like your boyfriend is thinking a little farther ahead than you are, and maybe not in the same direction.
Edit: Why would he buy it outright if you are willing to pay for a fourth of it? Unlike him, you're thinking with your emotions and not your head, and you're headed down a bad road with this. I'm sure he's convinced you, or allowed you to convince yourself, that his credit will be instantly ruined if your name goes on anything. |
|
loves christmas lights
 |
So basically this is him buying a home. You plan on living together and you will be paying a share of the rent, and then all your own bills and split the utilities. Sure why not. Your not buying a house at all. So as to not confuse people why say you are. Since your not married, this keeps his house his and owes you nothing even if say, he goes to college and you start paying his share of everything, you will simply walk away when he graduates and meets someone else and asks you to move out, you have no recourse to get your investment in him back by getting a portion of the sale of the home when the judge orders the split. Its up to you, its a great living arrangement on paper. Its just that hes taking the lazy way out and not marrying you but gets all the benefits of being married, AND he gets to keep it all if you two split up. As the mother of a child if that sounds like a safe bet for you do it. Dont buy any furniture, dont buy anything you will simply leave if the relationship ends and there will be no fighting over anything. |
|
Noneya
 |
FYI you can be on title to the home as well. |
|
Sarah
|
Sounds good to me...you sound like you have a head on your shoulders..good luck :) |
|
dale_jdc
 |
I think you are definitely getting the great end of this deal. He must love you a lot, or get loads of fringe g/f benefits. I say, if you both are comfortable with this arrangement, then be all means go for it. Although, he needs to be financially able to pay the entire mortgage payment in case you decide to leave sometime in the future. |
|
Cpataxweb.com
|
Maybe. I would think your share (1/4 of mortgage ) would still be less than 50% of the rent if you did not buy a house. Keep in mind the mortgage includes principal payment, so you need to back it out when comparing to 50% of rent expense. The answer also depends on how much appreciation you expect to have on the house over the next few years. |
|
nojam75
|
Sounds like a good, reasonable idea, unless you expect some ownership right to the house or payback of the funds you put in. You will basically be your boyfriend's tenant since he will have ownership and you're payments will merely go toward the right to live there month-to-month -- not necessarily ownership.
The tacky aspect is that you're setting-up roommate/tenant rules with a potential life partner. Will either or both of you expect the same financial division if you do marry? Also, how will the non-monetary duties (housework, cooking, maintenance, parenting, etc.) work out?
Also, off-topic, do you really think it's good parenting to shack-up with some guy with your kid? Your kid will likely build some bond with the guy you're living with. Any potential break-up will be devastating to your child. |
|
RONY S
 |
In the future when you marry him, you have your part no matter what.
While you're in the middle right now you will be able to save money.
Don't think of it as money just in case you leave, even though that is a
thought. Think of it as money you're both saving. Then you will be able
to start or fix your credit. |
|
infinite crisis 247
 |
the problem with this is that you are not buying anything here. he is. you are not on the title or the mortgage, which means that in the eyes of the bank, you don't exist. what is happening here is that you would essentially be paying your boyrfriend rent to live in his home. this is good for you because you could essentially walk away scot free if something went bad. however, the flip side is that with 30 days notice, he could essentially kick you out (depending on your state laws...as you would essentially be a month to month tenant)
only you can decide what you want to do here. if you want a stake in the home right now, than say no. don't assume that if you get engaged or married that he will change up the paperwork as well. there is no guarantee of that. if you split up, you would get nothing from that home (even if it was a community property state, as the home was purchased before marriage). |
|
jwboomer@rocketmail.com
|
if you are not on the mortgage well you would not be responsible for any thing.let him pay it.this is for caution but if things fail you can just walk away no worry. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 34 minutes(s) ago
| | | |
10 | 43 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 3 day(s) ago
| | | |
8 | 4 day(s) ago
| | | |
10 | 2 week(s) ago
| | | |
10 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
