 Should i just inspect my own house, or should i pay someone to do a general house inspection b 4 i buy it? |
| If i could find a good check list, should i just inspect my own house instead of paying someone for a general home inspection? They don't have any liability for what they say do they?... |
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 Should I fight this?????? |
| I currently am living in an apartment and my lease is almost done THANK GOD! I found better apartments to move in to and yesterday the lady called me and said everything looks good except that the ... |
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 Foreclosure homes??....? |
1. Are they cheaper than a regular house in the regular market?
2. Is there a "catch" to buying one? (for example: small print)
3. Is it smart to buy one?
4. Are there any ... |
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 I need to find out what would be the best way to evict a tenant.? |
| My grandfather lives in a 2 family home in the state of NJ. He rents rooms on the 2nd floor of the house and is having problems with a tenant who is dirty and not taking care of the surroundings. He ... |
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 Will seller accept my offer? |
home listed at 144,900. i offered 130,000 plus seller to pay my closing cost. which are about 7,000. home has been on the market for a year. i have a letter of preapproval. what do you think?
A... |
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 When you buy a house does that include the land? |
I want to buy a house and im a newbie , but i heared so many different things. Do I have to pay for the land separate or is that included with the house and the price? thanks so much.
A... |
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 My landlord is breaking the lease saying he and his wife are splitting up and he needs to move in. Help!? |
| He is a firefighter and owns other rental properties and is telling me and my fiance that he and his wife of 27 years are splitting up and he needs to move back into the house that he rented us. We ... |
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 Is it legal for my apartment manager to charge a $300 pet deposit per pet? |
| I've been living in my apartment for 5 months and included every pet we have on our rental application (4 small birds, small dog), we have already paid the so called "$300 pet deposit".... |
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 Can you be sued for rent if you never signed a lease? |
| I started renting in april and was paying 325 a month in cash to someone i knew on a personal level. I never signed a lease and continued paying my rent as usual each month with cash. Well in July ... |
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 Trying to get a home loan? |
| Me and my fiance are trying to buy a house. We are young ( both 22) and dont have a great credit history (scores about 600 a peice) But we have great jobs and plenty of income. We keep getting denied ... |
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 Seller left the house dirty? |
| I closed my house last week.. my agent told me that the seller needs 2 extra days to clean up the place.. i gave them 2 days after I closed the house.. and they agreed to pay the taxes and HOD for ... |
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 When will 100% mortgages return? |
| I can finally afford to get a good mortgage but cant afford the deposit.... |
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Heather L | Should we sell or wait? |
We bought our house a year ago and had a child last month so we have outgrown it. We got estimates on building on a addition but they are high high high so we played with the idea of selling and buying a bigger home.
Our house is a old charming craftsman in really good shape. It sits on a large lot with a large yard (unusual for this area) We talked with the realtor and she doesnt think we could get more then 110K for it (we bought it for 102K) We don't want to walk away with nothing though and would like to try for 120K min. Realtor said we should wait atleast a year for the market to bounce back but we're wondering what the difference might be.
Should we really wait? Shes willing to list it at what we want, but not happily. I think it would sell for 120K + to the right person...
Additional Details
Im in Texas. The house is 2 bedroom We already had two kids when we moved in, close in age and same gender so they shared a room and do so happily (I actually think they'd be upset if they didn't, lol) But now with the baby we're out of room. We have a guest house in the back as well, and our idea was to build a fmaily room and attach it to the guest house, giving us a larger living space plus another room and bath. However the cheapest contractor bid $22,000 to do that and thats way too much for us. We can't afford to take out a 2nd mortgage right now to have that done... |
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glenn
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If you are not going to trust your Realtor about the value then you have to get another Realtor.
I bet she is right and you are wrong. If you price the home to high-when you lower the price people will know it has been on the market along time and you will likely get less money than if you had priced it right to begin with.
No one can really predict the future for you. I guess you can't either (since you have out grown a house only a year after you bought it! :-)
I am sure you are happy about your child and want the best for them. I would wait a year ....or accept that I am taking a big loss now but maybe buying my next house at a good price also. |
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E G
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Buyers know that the market is soft right now and they will know that you guys bought it for $102k last year. No one will pay 18k more in just a year, especially in this market. UNLESS, they absolutely LOVE the place and MUST have it. You are in a catch 22. If you sell now, you will most likely not get more than the 110k the realtor is predicting (minus realtor costs, etc) you won't make much... then you won't have much to work with when you go buy a new house. AND, the mortgage industry had become a LOT more strict on their loans. They will not finance 100% or even 90-95% anymore, so you will have to come up with at least 10-20% to put down on your new house. If that is do-able for you, then go ahead... otherwise you may find that you can't buy a house after you've sold yours. On the other hand, if you wait... the market may or may not get any better. Prices are dropping (depending on where you live), so you may find next year that you are stuck where you are now... with a house that you can't sell for more than $110k or 120k still, since home sales in your area are what will determine the value of your house. Good luck! It's a tough one! Just do your homework before selling. |
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goz1111
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One main question, why in the worst real estate market in the US, where home prices have been in a steady decline for almost two years can you assume your house has buck the national trend and gone up words? Unless you got such a deal a year ago from a desperate seller that you purchased the house at a well below market rate at the time
If you think it will sell then try a FSBO with a MLS listing offering 3% to buyer’s agent, see how many bites you get
But it maybe unfair to ask a realtor to spend out of pocket expenses on a house that is over price and most likely will not be able to recoup their expenses
now another realtor may not be so forth coming, desperate for a listing, takes the listing , does very little advertising, and only bring in the end low ball offers at say 102K which you do not want to take at this point, plus you are locked into this agent for six months |
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Tom A
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it might be niche for you if there isnt another house like yours, put up on a three month contract with your agent or try to sell buy owner. if it doesnt sell, then wait a year |
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Don E
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Prices are still falling all over the country.The problem right now is because of costs to sell and costs to repurchase it is not economically feaseable to do what you are thinking of doing at this time.If you sell now you could go negative and end up renting some where.You will be better off to stay and build on later when their are contracters willing to build for less.Eventually ,lumber should also come down in price.I do not know how long you will have to waite ,but the economy is to shakey right now to make any major financial moves. |
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golferwhoworks
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I am a little confused--- but i have never seen a 1 bedroom home before. most have 2 -3 bedrooms or more. Why has a baby caused you to outgrow a home. None of my business but stay build some equity and when the market turns upwardly then sell |
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vixxen
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I think right now, in this market, I would listen to the realtor, as she knows what she is talking about, unless you already have a home in mind that you have your heart set on.... If not, just wait until this recession is over to be on the safe side. |
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Ty L
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you should wait a few months- half a year but begin to look around right now.
untill you move, enjoy the large backyard you have, and spend your time wisely |
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Lupita
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You can list the property for what you want. The reason the Realtor is "willing, but not happily" is that she knows that the buyer that comes will have an appraisal and the lender will not allow the buyer to borrow 1 cent more than appraised value. Your Realtor probably came up with the $110K price based on a current Comparative Market Analysis. Ask! Here is the scenario...If you list your house for $120K and someone LOVES it and wants to pay that price, or $115K or whatever price...they can. The complication comes when the buyers' lender sends their appraiser. If the property appraises for say $115K and the contract says $120K, the buyers will have to bring the extra $5K to closing because the bank will not lend more than fair market value on any property. |
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Andy E
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You should do whatever makes you happy. If you want to sell, sell! People are always buying and selling houses even in a recession. If your market is low, most likely you can buy low too so it all works out. Also, I would think houses in your price range would sell quickly.
How about you compromise and list it for 115K? |
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Ralph N
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wait up to a year. |
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Biggie @ Arbor Mortgage
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You can always try to sell it & maybe get another realtor. If it sells, great. Only leave your home on the market for 6 months at a time though. |
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JM
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honestly, you should wait!
our house appraised for 170k and we bought it for 128k if that's any clue as to the market right now! my brother is selling his house beyond cheap and it's GORGEOUS but they can't even get anyone to look. the market just isn't good for selling right now!
you can still try if you want but nearly everyone is taking a loss on houses right now. |
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annazzz1966
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It would be cheaper for you to add another room to your house then to go, find and buy an entirely new one. Just stick to a budget and talk to as many contractors as it takes in order to find one you like and who's price is right.
No one is buying right now and it's too hard to get a mortgage loan, so stick it out, improve what you got and be happy. |
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Sarah J
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WAIT , if you can afford to wait then defiantly do u never know what might happen !! |
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afieshasmith
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there is this site i discovered, its great maybe it can help you with your questions.
http://www.therena.com/?utm_source=blog&utm_medium=blog%2Bfeedaback&utm_content=godevsite-track-1&utm_campaign=TheRENA%2CEvents%2CThe%2BReal%2BEstate%2BNational%2BAssociation%2C |
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