 I am a licensed real estate agent. My ex-wife is purchasing a home; I am her agent.? |
| As far as disclosures goes, would you not say anything or just disclose "buyer is related to agent" in the purchase contract?... |
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 Rental with no security deposit. Left in clean condition, but landlord finicky wants money. What's the redress |
Rental with no security deposit. Left in clean condition, but landlord finicky wants money. What's the redress.
Landlord is saying it is not clean here and clean there. I pressured ... |
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 Should I sell my home or ask agent to sell it? |
| The 5 % agent commission is quit a lot in which I have to pay $11,000 for a $222,000 home.... |
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 I am being evicted for no cau.se? |
| My landlord is trying to come into my property. She did give me a 24 hour notice for a day That i won't be here. If I refuse what will happen?... |
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 How do real estate agents get listings from foreclosures? |
| I work with a real estate agent who gets his listings from law offices and banks. How do you do it?... |
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| Any tips for cold calling apartment dwellers asking if they're buying a home in the next year? |
| I cold call apartments in the evenings seeking anyone thinking about buying a home in the next year. They generally don't mind the call, I'm not trying to sell them a vacuum or life ... |
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 Question about subprime lending.? |
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 If a house is bought while single, then one gets married, if house is sold, will spouse be entitled to profit? |
| I purchased a home when I was single, got married, never changed deed over to married name or added spouse to the deed. If the home is sold, does my spouse have legal rights to the proceeds?... |
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 Just recieved house from a family member that has passed? |
| we recieved a house from a family member, completely paid off. its worth between 200 thou and 250. me and my fiance both have credit issues. my question is that we both would like to have a new ... |
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 Does a landlord have the right to tell you to "move out" because he doesn't like you asking for repairs? |
| My landlord told me by phone to "not say anything" with the city inspector comes. I assume the city inspector would come alone, not with the landlord when doing the inspection. There are ... |
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 What is a mortage? |
| I still have a hard time understanding what a mortage is!... |
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 First time renting help? |
| im 17 at the moment but in about 2 years time i want to rent a flat with my friend can i hav some facts and advice please. i currently hav no job at the moment but plan to when i finish college next ... |
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GD-Fan | Should we buy a condo?? |
My husband and I rent a kind of run down house with a landlord who refuses to do anything about our leaky basement and mice problem...We can't afford a nice big house right now--but, we can afford some nice 2 bedroom condos. It would only be about $100-$250 more per month--including fees, insurance etc. (which is doable)
Is it a good idea for us to buy a condo now, or just stick it out here and buy a nice house in a few years??
Additional Details
Yes I do want one--anythings better then where we are now I think |
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sweetsum691
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I would definitely go for it. If it is in your budget (and it sounds like it is) you will be building equity in your condo. If you continue to rent, that money just goes in your slum-landlord's pocket with no monetary benefit to you. GO FOR IT!! Best of luck! |
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no-nickname
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Some things to keep in mind. With all of the costs associated with purchasing and reselling it may not make sense to buy a condo in this market unless you plan on being there for several years. Condos don't typically appreciate as fast as other real estate and can be the first to lose value in a slow market. If the market has slowed in your area you may be able to get a condo at a steal which would alleviate some of those concerns. If not you could find yourself ready to buy a bigger house in a couple of years but you can't sell your condo for what you paid for it.
If you can swing the payments and can either get a really good deal or plan on staying put for several years, it would likely be smart because of the tax benefits afforded to mortgage paying homeowners. The additional costs may be outweighed by the decrease in income taxes you will pay.
If you can't find a good deal and/or you think two years is as long as you would want to stay there, it may not make long term financial sense to purchase. |
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mamanana9
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if you want it and can get it go for it and consider it an nvestment.but check on fees and all the stuff condo association takes from you.later could sell it or use it as rental property but make sure you know all the so called rules. |
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patric
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If your job and lfestyle are stable then go ahead and get the condo... Buying a homes is always a investment.. good luck |
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rakapur2002
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http://www.7secretstobuyhome.com/ask_expert.aspx
http://www.freereportsforhomebuyers.com/eight_questions.aspx
http://www.7secretstobuyhome.com/seven_questions.aspx |
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hirebookkeeper
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You dont say if you want a condo. Be sure you have all your costs figured in. Remember the condo assn has some strict rules, can you live with them? |
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landersonjr1958
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Its a good place to start. Most people dont realize they are paying a morgage when they rent, the land lords. So it will be building equity for you till you need more space or are in a better financial spot to up grade. |
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J k
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If you have the ways and the means, which it sounds like you do by what you've stated, you should go ahead and go for it. The market is nice and soft for buyers, and interest rates are still low, and as a broker, I don't see a real turn around with residential properties till closer to 2009. So why suffer needlessly? You sound really on top of things, and a condo is a good investment; they are always in demand, and you could profit off it down the road, when you are ready to buy your house. Getting a condo not only preps you mentally for those mortgage payments and the whole loan process, etc., but it gets you into something that you will be able to enjoy as well, instead of suffering because you are in a rental and cannot control problems such as the ones you describe. Condos do have HOA fees, and there are some restrictions (regarding the exterior/surroundings of your home, like painting it, which is an HOA responsibility, or parking), but overall you will feel much better knowing that not only have you gotten yourselves out of a terrible rental, but are now in a place you CAN call your home! Hope this helps. |
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Cody Y
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The price of homes in SO CAL has hit its peak. With the amount of homes being foreclosed on, you should wait about 6 months and buy a nice house. |
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