 Is anyone else struggling to get onto the property ladder? |
Additional Details
Its so frustrating were renting at the moment (which is dead money) its so hard to save a decent deposit esp when you have a car to run etc etc, i feel like just ... |
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 Having problems with my landlord...Need legal info and direction!!!? |
| My landlord sent a certified letter from his lawyer stating that I had 30 days to put my 22 year old son out. My son is not named on my lease (which) I drafted, but there is no statement regarding ... |
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 What if the banks appraisal is less than my offer? What happens then? |
Is there a contingency we should have made regarding this issue? Or is it standard to renegotiate or just with draw?
Additional Details
Maybe because I live in a very small town, but we ... |
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 What's the difference between Condo and House? |
| as an owner of a Condo, do you really own the land on which your home is built? how often do they increase the maintenance fee?... |
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 Would anyone buy a house that appears to have termites? |
| I have never had anyone come out and see for sure, but I have found a baseboard that was eaten away. The footer behind it is solid as steel however. I also found what I THOUGHT was a crack that ... |
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 I want to buy a home? |
| I know which home I want, and I am also pre approved for a loan. Who should I contact to handle all the paper work or does the seller take care of all that?... |
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 Why is it so hard to get housing? |
| Council housing that is, unless you are 17 and pregnant!... |
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 Do you need to give 30 days notice in a month to month renting situation? |
My friend is leaving her slightly abusive housing in California. She has not given 30 days notice and says there is no reason thats what the deposit is for and she doesn't want it back.
... |
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 What is 10 % of $69,550? |
what is 10% of 69,550
Additional Details
1 i came up with 6,995 but i wanted to make sure it wasnt just me cause i dont think that this house is worth putting that much down own thats ... |
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 Can an apartment manger ask me to leave if I have lived there for 6 months for a crime that I committed 4 ago? |
Additional Details
I plead no contest to a drug charge almost 5 years ago. Well they asked on the app. have you ever been convicted of a drug offense. Well I wasn't I pead no ... |
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 Single first-time buyer desperately seeking advice for the future!? |
| I am 26 and just starting a career change, albeit to a less-well paid job, but it's what I want to do. Will only be on £14000 for the next couple of years. I desperately want to move out of my ... |
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 Where can I buy very cheap secluded land? |
| I am looking for some land that I can build my own cabin on and kinda figure out who I am. I don't care if it's in the mountains or desert and I don't care if it is cold or hot. The ... |
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| My son has three roomates with a year lease, and I co signed. One wants to move. Now what? |
| My son is away at college and has two roommates who are all listed separately on the one year lease that was signed by all three of them. I am the cosigners. Now one of the room ates left a letter ... |
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 Why don't white female real estate agents like to work with me? |
| I've been looking for rental properties as investment for over one year, and have changed more than 5 real estate agents in 15 months. Three of them lost their enthusiasm after a couple of ... |
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 My girlfriend and her family got kicked out there apartment by not paying rent what can they do to move back? |
My girlfriend and her family got kicked out there apartment by not paying rent what can they do to move back in?
The apartment was left in very good condition
They just got kicked ... |
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 Judgement? |
| My husband and I received a letter that a judgement has been set against us for not paying our mortgage. Can anyone tell me what is going to happen now? We have our house listed for sale. We live in P... |
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| How are you suppose to buy a house with no money down? |
| I am wondering if anyone on yahoo answers has done this and if so how do you do it?... |
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 Why haven't we received a closing date? |
| We have turned in all of the papers the bank requested and and they have contacted our employers We's had and inspection and appraisal done. What is left to do until we close on the House? The ... |
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J F | Should I buy this house? |
The house is located in a neighborhood that I really like. It's a single family home, English tudor, 1931, beautiful lot, but questionable electric work, filthy 1970s kitchen, 2 1/2 baths, but only one that is usable, possible water damage in ceiling, leaky basement - likely just from neglect and rainwater.
Pluses: Hardwood floors, pretty archways, no sagging, fireplace, solid windows that just need stripping and painting
The house is listed at 225K. Other properties in area sell for over 300K - some as high as 700K.
What do you think?
Additional Details
The electric box is updated. There looks to be a mix of old and new wiring. I'm not too worried about rewiring.
Some of the plumbing has been updated.
Even though there is water damage in the ceiling, there is no sagging and it is dry now.
I've redone a house before and I'll have some $ from the sale of this house to pay for the major portion of the renovation. I have the skills to do some of the work myself. |
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Alterfemego
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FIRST THINGS FIRST. I will assume you are a smart buyer and have done your homework, correct? If you plan to make an offer, make it contigent upon a whole house inspection. If not, buyer beware! That way if something serious is wrong with either structure, or something that may cost a lot of money to repair, you'll have the option of backing out.
Consider this, if the previous homeowner couldn't keep up the payments, then what other mechanicals items might they have ignored?
I don't care about the numbers, unless they work in the buyers favor and the house is sound and habitable. |
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Expert Realtor
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Uh....I think you need to get a contractor to give you an estimate on the things you have listed before you make an offer.
My current house had a leaky basement....you know how much it costs to get it not only dried out but fixed to where it wouldn't leak anymore? About $15,000.
There are also such a thing as "wet basements" where water ALWAYS flows in and there is a drainage system designed to assist.
Rewiring a house is more expensive than wiring a brand new home....why? Because you have obstacles to work around that you didn't have before
This can cost you between $3,000 and $7,000, depending on how extensive.
The kitchen, for that priced house can set you back another $30K minimum IF the subfloor is intact.
I hope you have some serious cash.....this house is not a cosmetic fixer upper. |
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rtfm
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It sounds like it needs a *huge* amount of money to bring it up to comparable with the rest of the houses in the neighborhood.
Living in a house while renovations are going on is *highly* stressful.
But if you're confident of your ability to pay for the renovations and won't get too discouraged at the time and effort involved, then go for it -- you may not get another chance at a house like this. |
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justsillylilme
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You could "sleep on it" for 24 hours, just to make sure that you don't rush into anything that you'll regret later. Do you have finances readily available to redecorate the property with? Will they be a requirement in the near future? Can you resell the house,or land, profitably? |
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Jim
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if you know someone who is a bit of a handy man or you'r prepared to learn and spend a little money grab it with both hands |
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marcos 5557772134567890
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no...if a deal sound too good to be true, it is...6 mos from now you will lose another 50 grand...sideline your plans! |
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v j
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if you want to know your answer as per indian vastu send me map , or location deatails east west north south, whats there.. and inside house map also,i will suggest you the best. |
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Feeling Mutual
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Sounds like a money pit.
1931 electrical is not "Questionable", it is outdated, probably rotting and corroded, dangerous, and needs to be rewired, by a licensed electrician.
The electrical box is probably not rated to handle 200 amps needed for appliances in most modern homes. I recently had a house built and had to put in a 400 amp box just to handle all the appliances. |
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shaluv7
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They always say it's a great value to buy the cheapest house in the best neighborhood. I say if you're not in a hurry to have to live in the house, go for it. Get it inspected first and also an estimate on the renovations. If the adjusted value is still less or reasonable in that area I say go for it. If you are a 1st time homebuyer, there are many programs out that to assist you in situations like these. They may be able to also assist you with your renovations. Example - SONYMA in New York has a program called remodel NY for exactly this sort of situation.
You'll be able to fix it up over time to your specifications. |
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Thomas E
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For a quarter of a million dollars? I wouldn't. It sounds to me like this house is a nightmare. The water damage and leaky basement would scare me off.
Did you ever see the movie: The Money Pit? By the time you are finished fixing this one, you will probably have spent well over the $300,000 the other homes in that area sell for. Good luck getting it to $700,000. |
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