 I have a roomate who drinks, and I rent from him, he took my $500 deposit and spent it, what is my recourse? |
| I have been renting for about 3 weeks here in Sheridan, WY which is almost impossible to find any kind of housing. He was a nice guy at first, but now it is beginning to be a nightmare. I have an 11... |
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 My council house i can buy for £54000, or should i continue to pay rent and chuck money down the drain.? |
the rent is £64 weekly or i could get a mortgage what would you do i have lived in my councilhouse for 10 years
Additional Details
thankyou for the replies so far the house was valued ... |
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 Can i get evicted? |
| I privately rent a house, i informed my landlord on the 26th of october 06 that i had damp everywhere becus of the rain we have had, he said he would sort this, ive been sending rent every month but ... |
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 What is the average cost of a home in your area? |
| I watch Flip this House and am amazed how much these home cost to start with. Like a 1200sqft home will cost 235,000.00. Where I live you can buy homes like the ones they do for around 25,000 to 40,... |
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 I'm 24, I was going to get house, I can afford, but then I wouldn't have money to have fun? |
| I just paid 600 to get out a plan to get a home. I make enough money to get house, so I decided to get a real big cool one. But when I was in the process of the getting the loan I regretted it. For ... |
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 Rediculous situation... does he have a leg to stand on? |
So I had an agreement verbally to pay 700/mo in rent. I said I would contribute towards utilities which the roomate said is about 100/month...
I paid 1400 in advance, after 2 months ... |
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 When a home is foreclosed, is the homeowner reimbursed for the amount of money that was payed into the home? ? |
| For example a homeowner has made a down payment of $20,000 and payed $50,000 towards a home loan of $200,000. The homeowner is no longer able to make the mortgage payments and the home goes into ... |
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 We've got an overgrown tree outside our property & its branches are bending back on our bedroom window.? |
| The branches also reach across the first half of the living room window. It's certainly grown since we bought the flat 5 yrs ago. Could this affect our ability to sell the flat? Should we cut ... |
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 I brought a house and put b/f name on deed, we split over a year i make all payments he wont sign off house? |
I have paid all payments for four years as he never worked and a lawyer sent him the paper and he wont sign, says when i sell he will get half of it, i pay all including taxes etc..
Additional D... |
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 Help me please (10 pts)? |
how much do you think it costs to build a house?
like to buy about 1acre-2acres, and then build an average sized two story?
is there any websites that i can calculate this or ... |
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 If your landlord tells you she wants you to move out, but she never puts anything in writing, is it legal? |
Additional Details
She's 87 years old, and she's decided she doesn't want to deal with renting any more. She told us she wants us out immediately... Mean old lady...... |
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 Any clever ideas on how to get bad tenants to move out b4 wasting time with legalities & eviction notices? |
| I truly enjoy people's company and the relaxed, more secure feeling I get by renting spare bdrms in my house. I'm a fun, young, and very easy going single landlady who's very flexible ... |
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 I want my first home! Where do I start finding out about mortgages and other issues for first time buyers? |
| My boyfriend and I are thinking of buying our first home, I'm a student, therefore minimal income (until summer 2008), he works, and we know nothing about buying property. We started saving up ... |
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 Rent to boyfriend ? |
| My fiance didnt want rent from me so that i could buy a new car. i buy my own food pay my own bills and medical and dental. now all of a sudden he wants 600 a month. And now i cant afford it He ... |
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 My Tenant has gone bankrupt. Can I evict them? |
| I am worried that although she has paid (generally) on time and in full each month, that she may now request lower rent or not pay at all. I don't know what my legal standing is. Anyone know?... |
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 House buying advise - Seller Estate agent bullying me? |
I need advice about a house buying situation where the sellers estate agent is making my life really uncomfortable.
I am concern with way this house sale is going. I feel that I am being ... |
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TeraBytes | Renting vs. Buy a Condo.? |
My fiance and I are paying $715 for rent on our apt. We are in St. Louis, MO. We have been in apartments for the past 2 years and dont want to keep wasting money on them.
We found a nicer condo that is way bigger than our apt and would be fine even if we had kids. It is everything we wanted in a house but an advantage of no large yard and outside repairs are covered by the condo complex owners.
The condo of course needs work like repainting the rooms, getting new bathroom cabinets and living room carpeting. I would take a guess and with insurance, mortgage and fees...we'd pay like $1200 to $1300 a month for it. Yes it is much more expensive than the apt....but it is bigger and it's in the location we want and everything. It has 3 bedrooms and 3 bathrooms.
We dont wanna rush into something we cant afford, but it is either now or next year to buy. I just see the higher payment, yet you get equity with a condo not an apt. Is it worth the extra money per month to own?
Additional Details
We would also be a first time home buyer. I'm worried about the responsibility of owning instead of renting. But u can get the repairs figured into your loan for the condo, so... We hate wasting that $715 we pay monthly for another year and get nothing out of it. |
 |
 
W0LF
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I bought a Condo in 2003. It costs me less than an appartment of smaller size but it's farther out of town. As you know the bulk of your mortgage payment becomes an investment in your owned property. What may not occur to you is that once your through escrow your rent doesn't increase. Home owner's dues will rise or fall slightly and your property tax will shift slightly but your home will cost you nearly the same in 20 years as the day you bought it. Overnight I went from no credit to getting offerred platnum cards. I refinanced this year and bought a new car outright paying 4% interrest rather than the 11-14% car dealerships wanted. I Opted for this rather than getting a line of credit to start my own business which my Mortgage comany was eager to do. Each of my Tax Returns since then have been extremely large as I deduct the interrest payments on my loan. I'm considderring buying a second condo. If I rent this one for two years I can deduct all of the home improvements as rental improvements.
I have never regretted buying.
Do some research into the resale value of the condos in the unit. Look at schools and utilities and all things you'll want to know are there if you never move again. Find an excellent housing inspector to look at your prospective property and really sit down and talk with him about the review. I ignored a few things my inspector mentioned and found out I had some hidden expenses. |
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mortgageguy
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The key is to buy smart. Either buy the 1st condo in the development for dirt cheap (always the best deal) or don't buy new. Buy a newer one (less than 10 years old) with low association dues and for a cheap price. Maybe it's not the best looking condo in the complex, but a little paint and deoration that costs $500 is worth the $10,000 lower price, right?.
Buy low and consider a single family home. Can you buy a single family home for more with only a slightly higher payment because there are no dues? Condos don't appreciate as fast but are great for some people. I saw a 59% return when I sold my condo after 3 years but I got a great deal and lucked out with the timing. That same condo hasn't appreciated more than 7% in the past 4+ years so make sure you are buying in the right place at the right time. I bought a home for a good price and I've seen only 35% appreciation in 4 years but the market has cooled a lot so that's not half bad right now and I love my new home.
You'll feel good about it when you find it. I found that condo the day it came on the market and there were 6 offers on it. Go to realtor.com and search EVERY day and when you find the right property, don't let it slip away because it will go fast if it's a steal.
Don't listen to your dad. If you love your fiance and KNOW it's going to work out, go for it. I bought my condo 3 months before I tied the knot and I have no regrets. |
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Justme
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the problem with buying a condo is that there are often condo fees on top of your mortgage. and they are not fixed. if they decide they need a new roof the fees can go up. so you are not stable.
i would recommend waiting a while until you have a larger down payment. the larger the down payment the smaller your monthly payments. and maybe you will find something that requires few 'fixes' sounds like a lot of work to me.
short term there are advantages to renting. you don't have to worry about the repairs. you can just walk away when you have had enough. and if the neighourhood changes you can just move.
i agree with your dad. dnt rush into things and get in over your head. |
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Richard M. Johnston, Realtor
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My advice:
Contact a local real estate agent who will put you in touch with a local mortage broker. Once you have an idea of what you can truly afford, ask your real estate agent to inform you of what possibilities you have an in what areas. |
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BIGG AL
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condo !
owning is the only way to go .
you wont regret it !
best of luck ! |
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Florida Girl
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The plus side of buying is that you build equity. That is the difference between what you initially paid for the property and what you can sell it for. Also there is a tax deduction for interest and real estate taxes. Also, you can make any changes you want to the interior since you own it. If you get a fixed rate mortgage, your payments will pretty much stay the same year after year.
The bad part is you are responsible for all repairs to your unit and if the real estate market in your area crashes, it can be a negative asset.
Since you like the area, plan to stay for a long while and it is suitable for a family, I would say go for it. You probably won't regret your decision. |
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Rose B
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I agree with "Mortgageguy". Don't rush before you do your homework. |
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Seekerâ„¢
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The mere fact that you felt the need to post this question leads me to side with your father: you are moving to fast.
If you have the slightest concern over your impeding decision, then you wait until you are 100% certain of your stance.
You are getting married soon, you likely a young couple, give it some time.
Also, you do not need a "new" car to quantify having a garage.
As you live where it snows, that is a pretty compelling argument already for having a garage.
On a more personal note, I view condos as nothing more than glorified apartments.
Do you think your children would rather play in their own yard, on in the professionally maintained parking lot the condo provides? |
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huh ???
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your dad means well...what he means by rushing in to this is that you guys are not married yet.. and its not advisable to invest in properties with a fiance....its better with a wife....why don't you get a civil wedding to make the transaction legit...if you guys are really committed to each other....this is the most logical step to take first.... |
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♥ On
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Completely worth it. You're going to get money back when you sell it to move, whether its to a house or a bigger condo.. and you're building equity the entire time. Plus.. yes, you're paying more a month, but its bigger and in a better place so you should expect to pay more. I say go for it... and when you sell it to move, you'll have the money from the equity and you can take a nice vacation, or put that money down on your dream house!
Good luck! |
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robert w
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You said you are getting married?
Do not buy a house for the first 3- 5 years . Spend the time on getting debt free and being newly wed. there is nothing worse than spending weekend fixing house yard spending money or credit charging on something you will sell at first job change. Get moneey in the bank before buying. Never buy a 80%/20% loan The Bank WINs you lose Do your money homework.Learn.
visit www.daveramsey.com |
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hirebookkeeper
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Listen to your Dad! Owning is fine, but it's not just the payment, consider the contents insurance, the monthly fees, the utilities, upkeep and property taxes. If you can afford all that - go for it. Go online, there are mortgage calculators available to calculate what you can afford as well as what your payment would be. Good luck! |
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BrokenRomeo
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Depending on where you live I won't even think of buying a house in todays market. The price of houses is falling you are better off waiting a year or two. Check these out..
http://www.foxnews.com/story/0,2933,187831,00.html?sPage=fnc.business/realestate
http://money.cnn.com/2006/08/24/news/economy/newhomes/index.htm
http://housingpanic.blogspot.com/
http://housing-watch.com/home.aspx?d=30 |
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jc
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If you feel that you can afford the payments on the condo then buy it. I think it is worth spending the extra money to buy the condo rather than throwing your money down the drain on a rental.Make sure that you are happy in the house that you choose,be sure to pick the right one. Good Luck |
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Jim A
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Owning is usually better, but consider the fact that you lose flexibility when you own. What if you want to move to a different city, and the real estate market is soft?
If you're fairly certain you'll be in the same city for the next 2 or 3 years, then I'd consider buying.
One other thought: consider a 15-year mortgage. The extra payment may seem like a lot (say, another $200-300/month), but when you consider the extra principal you'll pay off over a period of even 2 or 3 years, it's a pretty good deal. |
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Tom
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If you will be living somewhere for more than three years, buy. Doesn't have to be a house, start off with a condo if you want, you can always buy a house later and rent out the condo.
If you will be living somewhere for less than three years, you may want to rent, as the housing market is a little unpredictable right now. |
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Ron G
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A condo is a great way to get started investing if thats all you can afford. Dont listen to what other people think you need, make your own choices. Dont forget to consider the tax break you get as a homeowner. If you pay 12000 in mortgage interest, you get 12000 in deductions. If you get an interest only loan, your payment is 100% deductable |
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BAnne
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OWN! All the money that you would put in towards rent and utilities would be WAY more than just a mortgage, plus the condo would be YOURS, not your landlords. Good luck. |
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harleychick
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Owning is definitely better in the long term than renting. Make sure you qualify with a bank for a loan before getting too excited. They can sometimes offer you breaks on interest for first-time home owners and other special offers. Make sure you shop around for a mortgage before signing.
Also, if you are not married yet, consider putting the place in just one person's name in the unlikely and unfortunate event of splitting up. You can always add their name later. |
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S P
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Buy vs. Rent.
As housing market slump, it is easier to calculate "Rent vs. Buy" scenario. Because "appreciation" is no longer a factor.
Mortgage payment consists of two parts: interests and principal. Interests are like rent, which doesn't add to the equity to your house. It simply disappear as your pay it.
If interests portion of the mortgage payment is roughly equal to rent of equivalent property, then it is a decent buy.
For example, let's buy a $500,000 condo with 0% down and apply interests only loan (just like renting a place). Mortgage payment would be $3250/month. It is a bad buy, because you can enjoy same property for $2000/month.
Please note that I assume the tax benefits from home cancel out fees from home association and property tax. For more accurate calculation, consult with your CPA or accountant. But NOT your realtor, whom will say anything to get the deal to go through.
And again, if you like a particular property, then paying more may be reasonable. You are the only person who can decide how much more premium you are willing to pay. |
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Ruchjat K
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First of all why you do not get married.It is better if you are married.Inislamic teaching ,sorry I tell you that you are both making an adultery for 2 years .You have a big sin Please ask for forgiveness from our God Almighty.
Think your expenditures for getting a condo should be separated between routine monthly expenditure for expenses such as fee,electricity and so on ,water and a capital expenditure for the acquisition of getting new cabinets and carpeting. etc.You must separate it too for the annual payment of expenses such as
insurance premium ant property taxes.Besides that you must pay for monthly interest and instalment of your mortgage.
Your monthly expenses should be calculated for a year by multifying it with 12 and then add it with the amount of the annual payment expensesThe total of those amounts, should be compared with your rent expenses annually.After that you can decide which one is lower.Interest and installment can be considered as a capital expenditure for getting a condo.You have no enough money for paying it in cash,so you have a mortgage and you should pay monthly interest as its consequences.Having a condo is better than always renting a condo or apatrment.Renting is a losing money after you have finisher your terms,but buying a condo if you are dislike it,you can sell it to other and you will get your money back.And due to inflation your money will be bigger than you had historically paid for it..You car can be park in the parking lots or parh in front of your condo |
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