 Can a home by owned by a minor? |
| My mother wants to buy a home but wants to have the property under my brothers name. He is currently 14 years old. Is this possible in Texas or any other state? Do you necessarily have to be an adult ... |
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 Is my apartment complex held liable? |
I live in an apartment complex and my air condition just recently went out July 4th. The AC was fixed by a electrician leased through the apartments on Saturday, July 7th.
The electrician ... |
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 Is it too risky to buy a flat in central London this year? |
Hello.
I really need to get a flat in Bloomsbury.
The estate agent I saw reckons central London prices are still rising in 2008? I am somewhat skeptical, but know nothing about ... |
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 What's the best way to say it to my landlord? |
Long story short:
Our lease will be up in 6 weeks. The place is nice, but way too small and the neighbors are too loud. Anyway, my sister's friend offered to rent us this amazing ... |
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 What can a Landlord do if the tenates did not move out in time? |
| I am waiting to move into a house that I plan to rent. However the tenants were suppose to be out by yesterday 8/21. When I arrived with the landlord if looked like that haven't even started ... |
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 How long after closing does it take to get payment for the profit on your sold house? |
| Hello to all! We are in the process of selling a house we own downstate and this is the first house we are selling for a profit. Does anyone know how long it takes before you get the payment from ... |
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 All these flipping shows? |
OK,
so there are all these flipping shows now.
Buy a property for 500,000
Put in 50,000
sell for 900,000 in 4 months.
and they say the person made a 350,000 profit.
but ... |
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| I'm buying a new home and everything is already approved but I feel so stressed, how do i destress? |
| I've already got the money, but I feel like something will happen that will stop the closing procedures.... |
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 Is there a down-side to paying off your mortgage early.? |
| In my state, there is no prepayment penalty. My accountant said to go ahead and pay it off. Now the other day my husband was telling me he was talking to a homeowner and she said she suffered all ... |
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 Can going to school full time and paying for your own apartment, car, food etc.. be done?!? |
Additional Details
Thank you everyone...I am starting to think that maybe i should realize that I am lucky enough to have great parents who will let me live here...and maybe it is a ... |
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 Can we move whenever we want to? |
| We have asked this apt to renew our lease about 5-10 times over the past year and a half. They haven't done so b/c of lack of organization and management changes. We didn't have time to ... |
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 Should I buy a townhouse now, or wait until I can afford a real house? |
| So pretty much, my wife and I want to move to Fowler but the only new houses available are either new track homes for $290,000+ by RJ Hill Homes or D.R. Horton's Townhomes that start in the $190,... |
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 Can you cancel a sale? |
| If someone puts an offer in on your house and you accept, can you cancel the sale if you have no place to move to?... |
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 Can your landlord do this? |
| i live in an apt. with a carport with storage. well they are re-doing the carports and asked every one to take there stuff out. ok i did it.and i put my stuff on my patio. but now they gave me and 3 ... |
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 I have been hearin that mortgage companies have really tightened their grip? |
| with approving mortgages,,,,even people with excellent credit and have ability to pay are being denied,,,,anyone professional that knows if this is true and why this is happening,... |
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Curly Top | Selling house how long from offer to completion? |
I have seen conflicting timescales from offer to completion on a usual mortgage type deal. 2 weeks to 8 weeks have been suggested, Whats your experience, whats the reality.? |
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Brian A
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About a month for a "normal" sale. But a cash buyer could probably get the deal done in two weeks and a problematic buyer could easily drag it out to 8 weeks. |
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Steve
 |
You should realistically plan on 6-8 weeks. However the key is to understand what type of mortgage your buyer has to take out, if it is not a standard mortgage i.e. they have to go to a niche lender then it can take 12-16 weeks for approval. If on the other hand their mortgage is very small compared to the value of the property i.e. less than 50% loan to value, then approval can be very quick. |
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Real Estate Guy
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it depends on how fast the lender can get the loan for the buyer. Usually 4-6 weeks. |
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hollywoodmelody
 |
I have closed transactions in as little as 3 days to closing almost a year later. The range can be quite a bit due to circumstances involving the transaction. Read your Purchase Contract and at the bottom you should see an approximate date for closing. That said if your Buyer has not been approved for a loan (this can go down to the wire by the way), if title is not clear,if termite report is not clear, if Buyer waives home inspection, if there are any contingencies(clauses)in the contract,etc.
Also there can be amendments and addendums added along the way, if their is a lien it will need to be cleared and that takes time for the banks to clear. Also if repairs or replacements need to be done that will take time too.
The reality is every transaction is different,doesn't always go as planned and some fall out of escrow. |
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Center
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This depends on many factors. Could be as little as 30 days, or it could be never! As long as it is not a "contingency" sale (example: the buyer will buy your house only after finding someone to buy his house) then the main thing is to have all inspections turn out favorably (termite, etc) and then the big one - the person buying the house must actually and FACTUALLY come up with the money and sign the loan documents. Before that buyer has been qualified for the loan and actually signed the loan documents, anything can happen. This is often why homes "fall out of escrow" and the seller is as square one trying to find a new buyer again.
Hopefully your buyer is earnest and well qualified and ready and willing. If so, it should take about 4 - 6 weeks if everyone is doing their jobs.
Good luck! |
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Marysue
 |
I would say a month from the time you have an accepted offer until closing is pretty standard, but between 2-8 is a completely reasonable range. |
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kaygee
 |
It depends, mainly upon the status of your buyer; i.e. are they part of a chain and thus dependant on the sale of their own house. We moved just over three years ago and were in such a chain, on whose closure the sale of our house depended. The time from offer to completion was thirteen weeks.
Two house earlier (I moved a lot in my job) we sold to a company who owned and developed Retirement Homes. The time from offer to completion was three weeks.
In six other house sales we have never achieved less than eight weeks. |
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daeve930
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30 days is pretty standard, but if there are any problems with the buyer submitting docs to the lender, or with the title or appraised value...anything that has to be worked out...that time will increase. Also, some states just take longer because of bizarro state laws...see NY about the goofy MIP. Sometimes it takes the title company a while to get the seller's payoff from their lender. Sometimes the buyer takes a long time to arrange for the inspections.
In other words, if everything falls into place, and everyone cooperates and does their parts, and no one has lied about anything...it should take 30 days or less.
I'm assuming that the sales contingency from the buyer, if there is one, has been fulfilled. |
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frak1a12345
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I would say 4 to 5 weeks is to be expected. |
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