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 Can i charge my lanlord rent for a vehicle he has stored in my backyard?
my lanlord has an old truck sitting in my backyard. we're not able to use any part of that area. can i charge him rent or storage?...


 How do I get cash at closing?

Additional Details
when purchasing a ...


 Why do mortgages or interest or whatever you call it go up overtime?
I ask my Mother why we have to leave our beautiful home, the home that I lived in for almost my entire life she said something about mortgages-- now why do they go up? and why is the bank like that! ...


 Do you automatically start making commission once you get a real estate license?
Tomorrow I start a real estate class hoping to become a realtor part time until I am making enough money.

I have a friend who took this same class and automatically started getting ...


 How much noice do I need to give my landlord, if i decided to move out of a house i share with 2 other people
ive been living here a month on a six month contract but want to move in with a friend, it'l mean i lose my deposit, but i dont think she has any hold on me, even having a contract that i want ...


 Should I consider and interest only loan?
I am first time home buyer.
I am interested in the interest only loan.
After the three years I can handle the increased payment.
Money is tight right now, though.
In the future ...


 Would it be smart to look into a house?
We are currently living about an hour outside of Cleveland Ohio. In 2003 we purchased our condo for $80,000 with a three year fixed and then it went to an adjustable rate. So, last year, we ...


 Why would a Savings Institution prefer to lend borrower at fixed-rate instead of adjustable-rate?
Savings Institution bears less interest rate risk if they lend money at fixed-rate, but some institutions prefers adjustable-rate, why?
Additional Details
What if the market has upward-...


 My sister and her husband want to break their lease and move out of their apartment?
she asked me could they do that i told her its best to wait until your lease is up than to break it would they be libable to pay more money how does this work so i can explain this to her need some ...


 If I get evicted or break my lease in my state, ?
Will it show up if i move to another state to rent?
Additional Details
It may not go on my credit report. I have an eviction on my record, but it only shows up through the city records. I...


 I need HELP with my mortgage payment.....?
I bought my house on 4/06 it has a year already, in Florida the real estate business went down so what I paid for my house $235k is not the value of my house right now. My husband lost his job and ...


 What do you think about the Realtors and Mortgage brokers?
who are trying to sneak their advertising in here?? Isn't that breaking the rules, guys and gals????...


 It doesnt say about pets!?
second question if a rental advert does not say anything about no pets, then is it possible to have a pet in a rented house?
Additional Details
my pets a 1 year old springer spaniel, ...


 I lived in a apartment for over 10 years i moved out during the 11 year with out notice can i be held for brea?
i lived there for over 10 years i moved out with out notice and i was told i still have to live up top lease signed over 1o years ...


 1st time buyer,moving in next month. but is it a good idea to withdraw now with the recession happening?
ive already paid the deposit.
is it going to affect me?
Additional Details
property: ...


 Apartment question need help asap?
I applied for an apartment with my two friends and brother and we got approved. One problem, we have to sign the lease by Tuesday and the current tenants are not moving out before then. Is it normal ...


 Council tenants?
how easy is it, to exchange council homes? i live in north east of scotland, but i want to move to another town, so that i am beside my family.
is it just a case of contacting the council?
...


 How do I ask....?
My fiance and I are planning on moving within the next couple of months. However, hes got a job where he works undocumented (off the books). How do I ask a potential landlord if they will accept a ...


 Rental equipment problems! what would you do?
i rented a man-lift from a company i told the guy what i needed it for he recommended this certain lift. they assured me that it worked!! got to the job site and it would not work, and on top of ...


 Refinancing home, Who is best mortgage company?
Some people say to go with Countrywide,has anyone used them. I live in Ohio....



Nikki
Need advice in wether or not to proceed with purchase of brand new home.?
I'll try to keep it short and to the point. My husband and I are very interested in purchasing a home (to be built) but must sell our current home and use the profit to be able to afford the new home. We have until Thursday evening to sign a contract or the lot goes back up for sale. If we sign a contract, we then have to give them about $3,000 dollars more and then have 30 days to get an equity line of around $30,000 to give them in order to start building the house. All of the money we need to give them is non-refundable which is the most difficult part of this for us to handle.So, they promise a delivery date of September. In the mean time we need to sell our house and get top dollar in order for all of this to work by September. Anyone else have experience with this or advice? I really appreciate any help you can give.
                     
 




pinkluxe
Rating
I am not sure what market you are selling your home in, but if it's a slow one like most of the US right now, it's just a bad idea to depend on it to sell in a set amount of time, and even worse to expect top dollar for it. But if your market is one of the lucky few that's really hot right now, it's feasible.

But the bottom line is if you don't have the money to do it comfortably and are not sure if or when you will have the money to do it comfortably, there is no sense in putting yourself in that situation. Why rush? There are other homes, other lots to purchase. Building a home is an extremely stressful process on it's own, even if you are financially stable with no loose ends to tie up. So if you add all your extra stress, you might as well go ahead and line up a doctors visit to get some good anti-anxiety medication.


TygerLily
If you do this deal I think making the contract with contigency on selling your present home would be my best guess.
Also, another contingency could be worded subject to financing at x rate.Have a real estate attorney look at the contract carefully. Since when does it take 5 months to build a home? Anyway, be sure to lock in the rate on your loan.


zyberianwarrior
Rating
Sounds like a rush job to me. With the housing is right now they cant afford to push it like this. I would say see ya until a more suitable offer comes around. Plus houses can be built in THREE months not five. Keep your money there are better deals out there than this.


certifiedtexas
Talk to your bank - ask a local realtor about the market in your area - will you be able to sell quick enough to satisfy your banker requirements? If so - it is still a leap of faith.

A good banker will guide you thru... and if the bottom falls out, they will work with you to handle the issue.


datdude
Rating
I wouldn't feel so pressured to make a decision. Builders are currently desperate to move inventory. Plus, if its a large subdivision there are usually many, many similar lots available. Take your time and do the right thing.


funnyman_46750
Rating
Best advice I could give is to let the lot go back to them, sell your house and then buy another. Even if you must rent for 6 months or so I think you would be better off.


Biotech Entrepreneur
Rating
Get the equity line or a line of credit approved before you contemplate doing this.

Keep in mind, if you get an equity line on your original home, the residual value you will get is smaller once you sell it. (30K less).

BETTER YET,

Since I have no knowledge of your finances (wages, etc) and general housing values have gone down, I would SERIOUSLY consider talking to an accountant familiar with your situation.. His/her advice for 2 hours of work can save you thousands.

Best


CJ
Rating
First don't stress. Worst case is you lose the $3,000 if you back out later. You didn't mention what state you're purchasing in. If the appreciation is good you shouldn't have a problem. I'd get 3 qualified Real Estate agents to tell you what your house would sell for, have them give you comps. within a 30-60 day window and make a decision if you could sell for what you need. Have you thought about keeping both homes? Could you rent your current home to cover the mortgage, insurance, taxes and equity line? If so, you'd have someone else build your equity and supercharge your net worth!


Pantherempress
Rating
I would wait until your house is close to selling, it seems you are putting alot on it, being able to sell it in a few months.


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