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 Should I pay off my mortgage early or use this money to invest some where?
I still have 25 years of mortgage,I also have 3 months of saving , 401K, IRA, Life insurance, living Trust....poeple offen said do not pay extra to your mortgage, use this money to invest, by the ...


 Whats the best web site to use in order to look at house rentals in your area?
I live in texas and am currently looking to rent a house and im having a hard time finding good website. Please help!...


 Is our Realtor doing her job?
She has shown it five times in the last three months, now she is telling us one thing the people are saying when she showed the house, should'nt she tell us the feed back every time, and not ...


 I'm 9 days past grace period on my rent. yet my roommate is paid on time. eviction possible??
we're paid for half the month and the month isn't half over. he's already telling my roomie that he might kick her out. Is that technically ...


 Can i get 100% home loan for 250k with a 630 credit score and no money down ?
my wife will only look at new home we have looked a KB home she liked not sure if they would carry or if need to go eles ...


 Buying a home for 290k. I have $100,000k to put down. Am I better to put only 20% down and invest..see remks?
should I only put 20% down and invest the remaining 42k in CD or some other instrument...was thinking the extra interest i'd be paying will give me a bigger break at tax time?? any financial ...


 Can a landlord ask for more deposit after we have paid it?
I signed a contract from jan 2008 to dec 2008 and paid a deposit of £600. My landlord has now issued a new contract for jan 2009-dec 2009 and has asked for more deposit, it this allowed? He has also ...


 In relation to mortgage loans what constitutes a low credit score?
I have been reading lots about the housing crisis and have learned that the loans for new mortgage loans for people with low scores it getting harder to aquire. What constitutes a low score? 600? 590?...


 How old do you have to be to get own place?
how old do you have to be get an apartment or something in california?...


 Is consolidating your bills a good idea before trying to get a new home loan?
The way I look at it, I'll be out of debt at the end of this year, not including my car and small student loan...yeah, I know. I made a lot of stupid decisions. I DON'T have bad credit. I...


 Termination of agreement before Lease is signed???
Is there a stated time that the would have landlord has to give back the deposit. We have no signed lease, I have absolutely given her a signed formal letter stating that we will no longer be ...


 Can a landlord tow a registered car that was in a spot that he approved?
He also didn't let my brother know that he towed his car, so now the towing price is more expensive b/c it's been sitting at the garage for a while....


 Can anyone help me, please?
Does anyone know of a good website where you can look for local apartments? Thanks !!...


 Behind on Rent Landlord changed the Locks to the Storage area?
We were 10 days behind on our rent and our Landlord changed the locks on the Storage unit int he basement and left us a note saying that if we dont pay he will evict us and keep our stuff as ...


 Should I lock in 30 yr mortgage interest rate now/ wait. They have risen to the highest this wk.Closing 03/30
Should I lock in mortgage interest rate now or wait. My husband and I have decided on a house to buy and looking to get our
mortgage loan approved. The house is a new construction that will be ...


 Incentive for renters while house is on the market?
I am preparing my duplex for sale. Currently I live in one of the units. The other unit is rented and eventually, if it does not sell within a year, I will have to rent my unit out as well. My ...


 Is it legal for landlords to require 1st, last and deposite?
...


 My best housing option? (UK only please)?
I have to be out my house in a month as my dad has come into some financial difficulty and has to move to smaller house which has no space for me, Im fully employed but dont have the money for a ...


 What happens if a person has been paying his dead mothers mortgage for 6 years thats in her name?
...


 Could they afford an appartment?
So a couple makes 23.25 per hour together. Is that enought for them to aford an apartment? can any one give me some links for apartments..

Thanks so much!
Additional Details
T...



momof2here
Real estate - We are selling our home, had it on the market last summer - lots of interest... now none.?
We took it off the market for the fall and winter. So, last spring and summer there was alot of interest, showings about 2 a week and very positive feedback. We are in a time crunch and want to build so we have lowered our asking price by 15k recently. We put the house back on the market one month ago and lowered price, no calls - why?
Additional Details
We are in the Chicagoland area. We had one showing with someone who saw it when it was on the market before and she is still thinking about it. So, for the past month NOT ONE SHOWING? What is going on here? I was actually thinking that all of those realtors that didn't get calls back when they called when it was not on the market to get us to list with them, are boycotting it.
                     
 




bull_rooster_aardvark
Rating
Nobody is boycotting you, the market has probably just dropped more than 15K since you had it on. There are neighborhoods around me where the houses are maybe 100K (or more) below where they were last summer. Have your agent do a comparitive market analysis (essentially compares your place to others on the market to get a good sale price) and make sure your place is one of the cheapest on the market or (in this lousy real estate environment) it just may not sell.

Put another way, the real estate market has dropped a lot since last summer, you may need to lower your price more.


ann
Rating
Have you been watching the news? Reading the paper? There is a housing crunch going on. The words buyers market is an understatement. There are more houses on the market than there are buyers. The economy is in the toilet and houses are not selling. I have taken my home off the market and have decided to stay. I'm also in Chicago..


Big Deal Maker
Rating
Home sales are being hurt badly by the banks. The same ones that caused this problem in the first place. They are now selling homes for under market values. (and this is not legal)
People that are losing there homes are signing off on them to the banks. they could of come back in a few years and had those homes back. So here we are in a pickle barrel with out the pickle.
Well outside of all of the above clashes. Buyers are looking to steal homes today. Thinking the market is still bad and it will continue to go down. I have news for everyone. It is now about to go back up. With the new FHA and VA home loans now at higher than ever. You will see homes now selling for about 1% higher today then a month ago.
Best of luck....We just need to turn the buyers mind set by the news.


christian B
Rating
I think the problem is the Real estate market in general is really having a rough time of it. It really is a buyers market lately, with the economy so up in the air, and people having trouble getting by, alot of houses are up for sale, and people are really being cautious about large investments. You could try lowering the price, or if its possible maybe wait till the market gets better? Even if you have to rent it in the mean time so that you can keep financially sound.


Lease2BuyUSA
If you don't have to have the money up front to build and can wait for a tennant/ buyer to close in 12 months, lease your house. Let the tennant make the payments on the note and take care of the maintenance. Ask for a 4% option payment and first months lease payment. If they have slow credit (not bad) you might offer a credit restoration program to get them into a mortgage at a descent rate. If your in the Southeast, Lease2BuyUSA.com can help you. They will find you a tennant/buyer (screened for credit), put them into a credit restoration program for FREE, and walk them through the whole process to closing.


kate
For people who read the news ,
They are aware of the real estate collapse .
If they were unable to move your house at the end of the selling bubble ,
There is minimal chance it will move now .

Google news about Chicage real estate

WASHINGTON (AFP) — The economic blight of mounting home foreclosures in some American communities could take years to heal, according to government officials and housing advocates.

Tens of thousands of financially stretched Americans face the prospect of having their homes repossessed in coming months, more than two years after the property bubble burst, triggering one of the deepest housing market slumps in decades.

Rising foreclosures have acted as a drag on economic growth and some cities are struggling to cope with increased trash and crime tied to abandoned properties and, in some cases, entire streets.

The nationwide downturn has particularly affected California, Illinois, Michigan, Nevada, Ohio and Florida.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>...

They are now estimating that the turnaround could be 2009 but more likely 2010 or 2011 .

>


liveinaustin
Rating
Boycotting is not likely....most Realtors are extremely hungry and would sell anything to make some money. It's more likely a combination of poor market conditions and possibly poor marketing. There's no way to answer this question with any certainty because there are simply too many variables in the selling process to determine which one (or more) is causing this issue.


Sharon T
Rating
You aren't going to like this answer, but only two things could be the problem. The first is condition. If your house showed well last summer, I doubt that condition is the issue. The most likely scenario is your home is over-priced. The $15 reduction might have gotten it sold last summer but the market has dropped in most localities far more than that in the ensuing year.

If you really want to build, lower the price to where it will be attractive. You should recover most or all of this reduction in the lower building costs now vs. a year ago. Even if you don't, your present home will not sell for more than it is worth--NOW.


Sam
sharon has a good point.


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