 I bought a bad house..many MANY problems...can i get money back from the original seller? |
| I just bought a house about 6 months ago...when i bought the house the original owner said that everything was in working order and the problems that the inspector found were fixed (mold in the wall ... |
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 Breaking into an "abandoned" house? |
| There is this house that I am completely in love with. It's Victorian style house that has been abandoned. On the Outside it looks like it needs a lot of work but my husband and I are ... |
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 Renting an apartment question? |
| I live in Indiana and yesterday I went to go sign and lease a new apartment. The Apartment person said that I had to make a certain amount of money per month to live there. That if I made under 2800... |
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 Would you pay 1.8 years of mortgage payments for 40 hours...? |
| ....of a Realtors time? Do the math folks. Your mortgage is 30 years, and real estate agents will charge ~6% to sell your house. So you are giving them 30*(.06)=1.8 years worth of your sweat and ... |
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 Is right now a good time to buy? |
| Either through conventional mortgage or cash. My family is telling me it's the wrong time to buy.. but I can't get this through to them. I'm paying in c-a-s-h. I'm buying a house ... |
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 Is it alright to bring my own digital camera and take pictures of a home when viewing for possible purchase? |
| I am shopping for a home and although some web sites show a few pictures, some don't and most don't show enough. Would it be alright to bring my own camera and take my own pictures so I ... |
|
 When do i pay my last months rent? |
| The place i am in at the moment i pay the rent on the 18th of every month. On 18th June i am giving 1 months notice as i am moving and at the new place i am going to continue to pay the rent on the 18... |
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 Can I get a home loan.? |
| I am in Australia, I have one default for a Telephone bill of $192 which is now paid. I have owned a house before when I was 19, sold the house and paid out the loan 2 years ago. I have no debt or ... |
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 How can i refinance my house without a loan officer or a middleman? |
| i heard that we can refinance our own houses without a loan officer.... |
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 How far behind on your house payment can you be. befor they repo it? |
| i had to skip a payment 5 months ago now my car broke down and i have to miss another one this month.but i allways made them on time in the past.?... |
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 Apartment Manager Embarressed me horribly...? |
| Today my apartment manager came knocking on my door like if she was the police, I had company over and so when I answered and saw it was her I closed the door behind me and stepped outside, she asked ... |
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 Buying a house.? |
| My partner and i would love to buy a house, in the region of £100,00. we'll need at least 6 months to save for surveys and deposits etc. There is some really nice houses in that price range, ... |
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 What is the value of buying a trailer park home? Would the value increase like a house? |
| What is the value of buying a trailer park home? Would the value increase like a house?... |
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tiffany f | What are the main important basics on buying your first home!!!? |
i know about the credit already what else i need to know |
 |
 
Torrin Wolffe
|
MAKE SURE YOU HAVE MONEY.....
And make SURE you get a FIXED RATE MORTGAGE... |
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Blue October
|
the VERY MOST important is...make sure you can afford it.
in todays economy with many many daily foreclosures, this is a mistake that many people make.
Make sure you get a traditional loan - 30 year fixed with no prepayment penalities.
Stay away from ARMs (adjustable rate mortgages)...the payment on these sound good, but they go up steadily sometimes monthly and before you know it ---you will have joined the ranks of the many americans going through foreclosure.
good luck |
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meocuaanh
 |
shop for pre-approved loan first. At least U can ask for 3 banks before you can shop the best one. Come into the bank which U have account there first, ask for the bonus for loyalty customer.
Good luck
If your county has the first time home buyer programe, research these websites. Some city has the goverment loan for the first time buyer w/ affordable interest rate |
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thinkbig
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Make sure you can afford it
Make sure you pick a home that fits your budget and your needs(like expanding or whatever)
Have the house you look at appraised
Have the home inspected by a liscensed inspector. |
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Meredith H
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Find a real estate agent you can trust. They can be a big help and direct you to the right places in your area |
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metrent74
|
1. Get a good Realtor.
This costs you nothing, as the seller pays the commission for your Realtor and theirs.
2. Don't forget about :
Insurance, Property Taxes, Homeowner Association dues and the higher monthly maintenance and utility bills that come with home ownership. A Realtor can help you with finding these things out.
3. Don't get an adjustable rate mortgage
Not worth it - that's just my advice.
4. Over estimate ALL your new expenses.
You'll be glad you did.
5. Don't do anything that makes you uncomfortable - sleep on it.
6. Don't let your emotions cause you to make a hasty purchase. A Realtor (or a friend) can talk you down.
7. Don't forget about one-time expenses
Such as Inspections, closing costs, paint, blinds/curtains, lawnmower/yard equipment, etc.
Good Luck! |
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godged
|
#1 - Stay away from lenders that come into YA spamming for business.
#2 - Avoid internet lenders. Some are reputable, doing what they say they are going to do, Some are not, and you'll regret going to the internet for quite some time.
#3 - Once you select a lender, get pre-qualified. As acermill says, he can get a ham and cheese sandwich pre-qualified in about 10 minutes. So don't get stars in your eyes about how much house you can buy, know your finances and shop accordingly.
#4 - Select a Realtor. Be candid about *musts* and *wants*, likes and dislikes so you aren't wasting time looking at property that doesn't suit your needs. But be realistic at the same time.
#5 - Shop around. It is a great time to be a buyer, there is plenty of inventory, terms are favorable and prices have dropped.
#6 - Protect your interests. Have professional inspections approved by you. Get the contract contingent upon you being able to secure financing below a certain rate. Put in the offers that you are pre-approved.
#7 - Don't be afraid to ask. Some sellers are highly motivated to sell, so don't be afraid to ask for alot, all they can say is no. Or counter. They may just say yes.
#8 - Buy within your means. I cannot state this more strenously, people are losing their homes by getting into bad loans or bad terms to get houses they really couldn't afford.
Good luck to you! |
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Terry S
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DO NOT try and do it on your own.
Ask friends, co-workers, and neighbors who is a good Realtor and interview each one picking the one you get along with best.
I'm amazed at how many people want to do everything themselves when they have professionals that can help them every step of the way.
Hiring a Realtor DOES NOT cost any extra. The commission is paid by the seller at close of escrow.
Utilize these people, and don't try and brave it alone, you'll regret it in the end.
Terry S.
http://www.Welcome2Arizona.com |
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dg8499
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Be in the same line of work for the last 2 years, have strong assets, rental or mortgage history must be good, most importantly get pre-approved for a loan amount. What state are you looking to buy in?? |
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jupiter2007
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6 major criteria in purchasing a Home
1) cash 10% of the purchase price
2) Your income
3)credit vicoscore 680 0r above
4)2 years tax returns
5) bank statements
6) pay stubs
pre aprove letter from the bank |
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ludo
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having money |
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