 Buying land on ebay? |
| ive seen somebody selling a small plot of land on ebay for quite cheap, is there anything you should look out for when you see these cheap plots on ebay?... |
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 What do estate agents do for their money? |
I have a property going for sale and received 3 valuations. Each Estate Agent quoted fees to market my house of around £1800 (house valued near £110k)
They take some pictures and post them on ... |
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 Can four females rent an apartment together? |
| I thought it was fine but my sister's telling me now that there's a law in Texas that only two adults can share an apartment together. Any help? Three friends and myself (all in college) ... |
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 If I have very little or no credit, how can I purchase a house? ? |
| If I can put 20 percent down, can I get financed with very little credit? I only have one credit card but I have only just recently gotten it, so I have almost nothing on my credit report. But I have ... |
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 What can i do bout evicting people? |
| i have been renting my house the lease ended in oct but they have not moved out. I sent a cert letter telling them they had 30 days to leave but they arent now i have to get eviction notice. can i ... |
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 Christians (and others too) please help me decrypt what my landlord is saying? |
| Ok, I need to break my lease because I bought a house, so I asked him if he would accept a half month's rent and keep the deposit in exchange for letting me out of the lease. I got this ... |
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 How do we go about buying a house? |
| My husband and I are in our early twenties, i've been renting since the age of 16, and i think it's time to buy a house. We are going to be starting a family asap, and a one-bedroom ... |
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 Would you allow a 20 year old to live with you and NOT pay any rent? |
| My step son is living with us "temporarily". We came up with terms before allowing him in. Such as it's temporary and as soon as he got a job, he had to pay $300 in rent. Well he has ... |
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 If you lived in an apartment and your lease is up and you moved and cant get your security deposit back? |
| SECURITY DEPOSIT WHAT CAN YOU DO? EVERY TIME I CALLED THE MANAGER TOLD ME THAT THE OWNER IS GOING TO MAIL ME A CHECK ,OR SOME OTHER STORY ,WHAT CAN I DO? THAT IS MY HARD EARNED CASH. FROM JANUARY 21 U... |
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 My landlord lost my check? He wants another one? |
| I hand delivered my monthly check at end of last month directly to my landlord. Now he tells me he lost it somewhere & wants me to write another check in the same amount. I went to the bank &... |
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 How can I move out of my parents house? |
| I live in Orange County and am currently going to college. I want to leave my parents and get my own place but I don't have the money. I feel like I can't make enough money while going to ... |
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 What is a 'Studio Flat'? |
A lot of the lists of rented accomodation are in terms of bedrooms:
3 Bedrooms
2 Bedrooms
1 Bedroom
Studio Flat
What is this last classification- does it mean the ... |
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 Seller can't leave home - closing is tomorrow! Help? |
| We have bought a home and are closing tomorrow. Today, we hear that the seller can't leave the home until they get approved for a loan on another home. We are all packed. Have called utilities, ... |
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 What are my rights as a renter? |
The hot water heater is leaking all over the basement, the pilot light will not stay lit, so I've had no hot water for going on 3 days now.
I notified the landlord of the problem 2 weeks ... |
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 Is it legal for the landlord to enter my apartment without notice? |
| I live in Florida, and my landlord just tried to enter my apartment without any notice of her coming. I was sleeping, so I didn't wake up until she couldn't get in with her key (the key ... |
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younggreguk | What advice would you give to a first time buyer? |
Any tips or tricks, things to aviod, insurance to take out, was to minimise costs, what sort of mortgage to get. Any and all advice for a first time property buyer would be very welcome |
 |
 
mikem33607
|
http://www.bankrate.com/brm/news/real-estate/BuyerGuide2004/fthb-tips.asp |
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Doug P
 |
If you are building, get everything in writing. We're building and the salesman we were dealing with has left the company. Now we find that, for example, the decorative brick coynes we were promised are not available with the elevation we chose. We may not have a leg to stand on now. |
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Drew
|
Read this first.
http://www.breakingbubble.com/index.htm |
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oliver f
 |
Make sure you do a lot of research, and don't try and buy a place beyond your means. Makes ure you are aware of all the additional costs. Go onto www.abbey.co.uk and they calculate how much your monthly outgoing would be. |
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smiley.jules@btinternet.com
 |
My top tip would be..... A trip to the Doc's for a 3 month prescription for valium!, then a good solicitor then your bank for a mortgage. A trip to a financial advisor would be very worthwhile. Good luck! |
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Ron Mexico
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First, there are a ton of first time buyer programs, you should ask your local bank. Many of these programs will provide benefits such as no PMI or pay the closing costs or even a grant to help you pay for the house (only in special areas).
I would check with at least three banks to see what type of programs they have available. This money is provided through the gov't, so they should have similiar programs unless they hav filled their quota. |
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jez
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lol thats a dificult question however i dont think you will find the answer on Yahoo ask your self before others good luck |
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Petra
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Don't put yourself in a bind with monthly payments, and understand the terms of the contract that you are signing. |
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Lorne
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It depends from area to area but some places are dropping in price - especially if you are American where the whole market is dropping in value.
It is not unlikely that this will happen in the UK too - interest rates are now on an upward course. So taking your time is the order of the day and don't listen to 90% of estate agents and people who just want an unrealistic situation to continue. Use this to negotiate a better price.
Use your eyes and ears and make your own judgement! |
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Alterfemego
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#1 find a mortgage company that can provide the "first time buyer" loans. #2 find a realtor knowledgeable about the area you're interested in living in. Not a newbie, someone who has at least a GRI or CRS designation. If I can assist further, email me. |
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bigmary2
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first, if you don't have one already, you need to get a good realtor. if you need help finding one there is a really good directory at http://www.idxbroker.com/news/256_IDX,_Inc._Introduces.php
just click on your state. hopefully that helps :) |
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dochsa.co.uk
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When you think you have worked out a budget, check check and check it again. Then add about 30% more, as there are always things that you least expect. Make sure you also get a reputable Financial Adviser, it is cheaper in the long run. |
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zero
|
Get pre-approved with at least 3 mortgage company's before looking for homes. Every mortgage company offers different types of loans which affects the interest rate, down payment and closing cost. It really is amazing how different the down payments and closing costs are. Not to mention, being pre-approved will make it alot easier to get the home your wanting once you found it because you will already be pre-approved and know how high you can take your offer. Also, whatever you do, make sure you get a home inspection before actually buying the house as it could save you thousands of dollars. A home inspection will tell you of any major problems with the house that could be costly to repair. Therefore, if problems are found you are able to renegotiate the price or move onto another home that you like. Either way it is your responsibility to protect your investment. When looking for home insurance, again call around to different company's for quotes, it is a very competitive world. Good Luck & God Bless! |
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commentator
 |
Interest only mortgage to begin with ( preferably a current account offset ) that way you live in the best house you can get let the equity grow faster than a smaller house and move evry 5 years ( in the last 50 years houses have doubled every 7 years)
Repayment mortages mean you live poor and cant get at your equity until you are ready to downsize ( dont forget quality of life when you first start)
Current account offset means you get the benefit of evry pund that you have during the month ( tip is to have your salary paid in at the begining of the month and have all your standing orders go out at the end that way your regular bills are contributing towards your mortage= you have to be disciplined to do this and not spend the gas bill but thats the responsibility of being a home owner) |
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Matt J
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Use a mortgage broker and a real estate agent.
Matt
www.realestateagentlive.com
http://www.diversifiedlender.com/
http://www.minnesota-mortgage-rates.net/ |
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mobenjamins
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You should definitely visit as many places as possible at different times of the day/ week. When I found the one I liked, it just felt right. The estate agents will try to convince you to buy anything.
I'm still in the process of buying and got a 100% professional mortgage from Standard Life. It's for doctors, lawyers, accountants, etc. If youre not a professional, theres also a 100% one for Graduates from Scottish Widows I believe. That means you get a property with no risk to yourself, ie you do not invest your own money on a deposit. If you already have money for a deposit it can be put to better use ...
I made the mistake of not putting aside enough money for legal fees, surveyor's fees *2, stamp duty, council tax, etc.
Also, I found that once you put in a bid, nothing gets done unless you chase the estate agent, mortgage company, solicitors, etc at least twice a week! It has taken 5 weeks and I still haven't got the contract so can't move in yet :-(
Buy the book 'how to buy a property' from the people that present 'location, location, location'. That was very useful. You can get it from ebay, amazon, etc.
Thats all I can think of for now. Good luck mate. |
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cg198421
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Me and my boyfriend bought out first place earlier this year so here's a couple of tips for you.
1) Northern Rock offer some excellent rates and deals for first time buyers including giving you money towards solicitors fees, deposits etc.
2) Try to avoid an interest only mortgage. Yes the repayments are cheaper but you aren't actually paying anything off the mortgage.
3) Make sure you look round your property several times before you're committed. Go at different times of the day and evening. We viewed a property during the day and it was fine but when we went in the evening, we found groups of teenagers hanging around the car parks drinking.
4) Similarly, make sure you look at the area around where your property is
5) Make sure you get the appropriate surveys done particularly if you are buying somewhere older. yes they're expensive, but it will be much more expensive in the long run if you find something is wrong with your property.
6) Try to find out how long your property has been on the market for. We found out ours had been on the market for nearly a year so we took advantage of this and made an offer well below the asking price. |
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