 Can a landlord charge me for a new subfloor in the kitchen when we only ripped the linoleum? |
I am having so many issues with my old landlord and we haven't lived there is over a year. She is charging me for the following damages...
-Tear in the linoleum $900 (we agreed to buy new ... |
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 Noisy neighbour? |
I have just reported a neighbour because I can hear him beating his children (they visit him on the weekend) and the kids are scremin so much that it scares me.
He also plays loud music at ... |
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 Can anyone tell me the benefits of having 100% equity in your home?? |
| Like what are your options, especially if the value has gone up?? Are the benefits really good? What does it mean when you are ready to sell?... |
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 Good Credit, Have Debt...Can i get a Mortgage? |
| By year's end I will have about 15k in credit card debt. I currently make between 45k-50k and am looking to get a condo under 150k with around 10k down and I am a first time home buyer. I have ... |
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 Would u be "pissed" if your fiance bought expensive "toys" rather than saving for a house/wedding |
| We have been engaged for 2 yrs and he just got out of debt and has some extra money now.I want to put money away for a house/wedding(both of us) but instead he keeps buying expensive stuff(drums/car ... |
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 If i have been renting a home sence 1992 from the same man do i get equity in it? |
| when renting a property that i have paid two times the retail market value. is there any way to have equity?... |
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 Why haven't we gotton an offer on our house? |
| We are selling by owner, but we have our house listed in the MLS. We are paying a 3% commission to a buyer's agent. We have listed our house according to a realtor's recommendation, based ... |
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 My roommate has emigrated while I was on holiday - what about bills in her name? |
| I was sharing a flat with an Australian. We were due to leave this flat (tenancy ended) on 2nd September. I went on holiday from 3rd August for 3 weeks. When I got back, there's a note ... |
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 Landlord rights re: selling property thats rented? |
| i gave a 60 day notice & put the house on the market, i give them 48 hrs notice to show property but they keep putting notes on the door saying don't come in we're really sick, can they ... |
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 Do you always get your security deposit back when you move out of the apartment or room you rent? |
I am going to move out of my apartment end of next month. What are the other dos and don'ts I need to be aware of before I move out of my apartment?
Additional Details
Am I in ... |
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| Can I legally do this to my landlord? |
My mother is my landlord. I called the police on her yesterday they said if i called them about someone will be arrested. so I have now typed up and signed my own 30 day notice.
You are ... |
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 My landlord refuses to stop entering my apartment without my permission. I want him to stop.Any suggestions? |
He has entered on several occassions.
I have not caught him in the act. I have found several items moved around and I have seen him lurking around and staring in my window.
I put a screen ... |
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 How to get into a house with marginal credit but a good income? |
| I am married with a combined income of $125,000/yr. We filed a joint bankruptcy approximately 5 years ago. My wifes credit, while not extensive (3-4 Credit cards--nothing over 1,000 limit) is all ... |
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 Am I being awkward over viewings for my landlady to sell our flat? |
| As we are still tenants, I have said that I would prefer viewings whilst we are not at home. Specifically I have a real issue with after work viewings and saturday morning viewings, mainly because I ... |
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 Im buying a home, do i give my realtor a closing gift?? ? |
We are closing on our house this week and i need to know if we buy the realtor a closing gift (if we are the buyer) or does he buy us a gift... or both??
Please help. . thank ... |
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IamwhoIam | Should real estate 'house flipping' be outlawed? |
I have an adverse opinion to this real estate practice of buying a house, holding it for 90 days and then re-selling at large profits. I believe this practice to be dishonest and one of the reasons why market prices are so high. There are many honest 'house flippers' out there I'm sure. but for the most part an individual will buy a house knowing that there are numerous defects with the house, apply a clean coat of paint inside and out; make additional cosmetic fixes and then sell this house at a large profit to an unsuspecting buyer. while I agree that the buyer should be aware, it just doesn't seem right. What are the opinions out there?
Additional Details
some of you so far were assuming I got ripped off and have a grudge or I'm a dummy; I've come across a lot of people at work and some are even co-workers or friends who always boast how much money they are making by this practice and I've listened to their stories of how they get around the system and on and on. So far 'Mommyme' has truly understood the question and given in a most honest way her opinion; therefore I inclined to choose her as the best answer......this could go on forever! |
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mommyem
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I understand what you are saying. My husband and I have bought a couple of houses to flip. We complete gut them, do new wiring, new insulation, new plumbing, new sheetrock, new carpet and tile, and everything else. I think there is nothing wrong with doing it this way. But then there are those who buy the house and don't fix any of the real problems that are underneath the coat of paint they put on it, but they sell it for a huge profit. I think something should be done about this. But at the same time I feel like if the buyer doesn't know to look for the types of things like new wiring and plumbing before they buy the house, maybe it's their own fault. Mostly I think hatred for these house flippers stems from jealousy, that someone made a huge profit for very little work and being dishonest. I guess it's a free country and people are going to get away with what they can, maybe these buyers should just be better educated by their real estate agents. But then the real estate agents need to be less greedy and educated first. That's my opinion. |
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albuff
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If that were the case, then all car dealers should be outlawed, along with any retail outlet, ebay..........etc.
Free trade rules |
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timc_fla
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In real estate it is not a buyer beware situation.
There are strict laws defining disclosure and real estate.
If defects are found and you believe you can prove that they reasonably knew about the defects, then the previous owners can be held liable for the repairs and/or the purchase contract can be null and void, resulting in recoupment of the purchase price of the property.
Also, no one is making someone pay a stupid price for the property. If the person/persons want to pay an idiotic price for the property, so be it. It doesn't mean they will be able to sell it for a profit in the near future. |
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i have no idea
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I think house flipping is a great idea, I wish I had the money to do it. However, the housing market in my area doesn't support it. You're right there are shysters out there but as you said 'buyer beware'. Anytime you buy a house it's important that you do everything you can to protect yourself. Inspections from a qualified inspector and finding out the history of the home are two of the most important things to do. Many 'flippers' will actually go into a house and update, upgrade a property that has lost value and then sell it for a profit because they've made it more appealing. There's nothing wrong with that. |
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my brain hurts
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I agree, it sucks because it makes it even more difficult for people with real jobs, and lower incomes, to purchase a home. But I don't think it will ever become illegal. |
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Jim R
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Unsuspecting buyer? Do you mean the buyer who was so cheap he tried to save $500 on a $250K purchase by not hiring his own appraiser/inspector? You know, the one who also tried to save another few bucks by trusting the sellers attorney to do the paperwork instead of having it read by one his own?
I've never understood why people blame others because they were too cheap/lazy/stupid to properly research a purchase...especially one as complicated as a real estate transaction. |
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humanresourcesman
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Not outlawed cuz there are laws on disclosure now and you can find out when it was bought prior to you buying it in records. |
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jooker
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No. They are benefitting the seller who has a problem house that he needs to dump, he benefits the new buyer by providing an updated and well thought out remodeled house at a market price, and hopefully benefits himself with salary for the time spent (profit).
If you don't like that, then you have the problem. |
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Machelle
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actually it is something i hope to do in the future.. i believe a buyer should have an inspection done before buying any property..if they don't it is theri own fault..sure it might be morally wrong...but so is almost everything else in the money making business these day! |
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Fiona M
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Hi there!
I understand your point of view, but if we outlawed everything that was being done illegally, by some people, and legally by others, we would just be sitting around doing nothing, I think house flipping is a perfectly resonable thing to do, and the house prices are high, because the economy is up, not solely because people flip them and sell them for higher prices, also when they flip the house the increas its value, and make it nicer, so there not just reselling the same house for more money.
But also when you do this, it makes the neighbourhood better, which makes the prices go up, but still, you cant just make it illegal, I dont understand what you mean by it should be illegal.
Regards,
Fiona
Also when your buying a house if your half way intelligent, you will get it inspected, and you will see all the faults in the house, hidden or un-hidden, the inspector knows what to look for. |
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Unique
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No, it should not be outlawed.
That is why there are house inspectors. |
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L S
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Maybe. |
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Just me(a nice guy)
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sound to me like you didn't do your home work and were wronged!??
Acceptance is the answer to all my problems today. When I am disturbed, it is because I find some person, place, thing or situations- some fact of life- UNACCEPTABLE TO ME, and I can find no serenity until I accept that person, place, thng or situation as being exactly the way it is supposed to be at this moment. Nothing absolutely nothing happens in God's world by mistake. unless i accept life completely on life's terms, I cannot be happy. I need to concentrate not so much on what needs to be changes in the world as on what need to be changed in me and in my attitudes.. |
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