 Claiming unowned Property/Land? |
I've been looking around online and found a website claiming to provide information on how to acquire for free unowned property or land.
how is this possible? i mean if it was that ... |
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 Splitting rent 3 br 3 roommates? |
| Need a good idea for splitting rent fairly between myself and my two roommates. There are 3 brs, but 2 of them are almost equal, so the price should be similar, with one being just a tad higher. So ... |
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 How exactly DO you find an apartment? |
| A friend of mine, and I are looking to rent a two bedroom apartment together. (which is good as we are both basically homeless; I'm crashing on friend's floors, and she is bouncing between ... |
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 If a home is foreclosed on, is the homeowner liable for any repayment of the loan? |
| If they receive less than what is owed, could the owner be sued for the difference?... |
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 Where can you buy a decent detached house under £250,000 and still live max 1 hour away from London? |
| We want to buy property outside of London, but want to be able to commute in for work. Where can I find a decent detached house in a good area and close to ammenities and be no more than an hour ... |
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 Can my landlord tell me that I can not have quest sleep over or have children in the house? |
| I am renting a 2 bedroom unit out of a residential home. My unit is attached to the home with my own separate entrace, with my own restroom and kitchen. I do not have guests over on a regular basis.i ... |
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 Is the real estate boom over? |
| how long should I wait to buy a house? next year, or the year after that?... |
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 IM being evicted for a pet,how much time do i have ? |
| Ididnt pay the rent for june,i m moving to new place july 7th, will they evict us by then, im on a monthly contract, and a depositi s in place, ive run out of money and am worried..will the court ... |
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 How can I prevent problems due to the buyer of our property having 100% mortgage and therefore no deposit? |
| The person buying our house has a 100% mortgage. Due to this there is a risk of them backing out at the last minute due to them not having given any deposit. What solutions are there to this issue. I&... |
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 Got an offer within 2 weeks of house on the market - take it or hold out for better? |
I know, it's such a gamble! What would you do, take the offer that's slightly lower than what you wanted, or wait for more offers?
Additional Details
Update - We countered, and ... |
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 What's a fair way to split the rent amongst roomates? |
I live with 4 other roomates in a 5 bedroom house. What's a fair way to split the rent? We've taken bathroom, closet space, and square footage into consideration.
There are ... |
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| Would you rent an apartment (or house) in Argentina for a vacation? |
| Or if not Argentina, where else would you consider renting? I just want to see how many people would be interested in this type of thing.... |
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 Apartment problems? |
| i rented an apartment with my b/f i signed a one year contact which is up in oct 20 2007 i cant stand to be with him ne longer..so if i abonden my contract what consequenses will i have?..... |
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 Renting v Buying? |
A question for home owners or renters!!
At the end of the year I will be moving out from my parents (for the 2nd time) since this time I can now afford it.
However, I am unsure ... |
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 Empty apartment and these? |
| hi. i'm in small apartment building. there is a apartment next to me and it is empty. now the manager is trying to clean it but leaves the door open!!!! now these strange teens, men, hookers, ... |
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Candice | What are the steps in buying a property? |
I'd appreciate it if someone broke this down for me. For example, do I need to get a mortgage first, then starting looking for a property? then what? I based in the UK if that helps. |
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ste_pej
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Decide what you can afford
Usually your loan amount is based upon your earnings and buying on your own you will be able to borrow up to between 3.5 and 4 times your annual income, if you are buying with a partner, the maximum will be 2.75 to 3 times your joint earnings. 100% mortgages available but you will get a much better deal if you have a reasonable deposit. You can use the mortgage calculator provided by the council of mortgage lenders to see how much your mortgage would cost by clicking http://www.cml.org.uk/cml/consumers/calculator/mortcalculator
You don't need a mortgage in place before you look for property but it is a good idea to have a mortgage agreed 'in principal' as it puts you in a better position when making offers....
See an Independent Financial Advisor for the best advice....
Find your ideal home
Contact all the estate agents in the area you are interested in. Register your interest with the major property portals. Look at as many properties as you can before making any offers, during different times of the day. Once you have made up your mind go back for a second and even third time. If you don't know the area well use websites such as UpMyStreet to find out if its right area for you.
Make an Offer
Make an offer to the Estate Agent. Try offering below the asking price, you can always improve on your offer if it is rejected! If the offer is accepted, ask for the property to be taken off the market as this could help stop you being gazumped, which is when someone makes a higher offer and legally the estate agent has to pass this on to the seller.
Appoint someone to do the legal work
This is normally a solicitor. Try to get a personal recommendation, the one suggested by the estate agent will be giving them a commission.
Finalise the mortgage
A mortgage valuation will be needed to establish if the property is worth the asking price you have offered and a fee is normally required for this. Once the valuation has confirmed this is the case, you will then get the formal mortgage offer.
Exchange contracts
This is where the seller will sign their sales contract, you will sign your purchase contract and these will be exchanged. At this point you will have to pay the deposit to whoever is doing your conveyancing. The deal has become legally binding and if you were to pull out now you would lose your deposit.
Completion
The mortgage monies are passed on to the seller and you are given the keys to your new home. |
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WFR
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This is by far the best and most comprehensive explanation of the process available. Make sure you save a copy.
http://wefixrates.com/Home_Loans_101.htm |
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resignedtolife
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Yes, first of all see if you can get a mortgage offer. I think this takes some sorting out to get the best deal for you. You will also need a solicitor to take care of legal issues but I think your mortgage provider will point you in the right direction. When it has been guaranteed, look for a house. When you have found one, don't set your heart on it until you are sure there is no chain to be broken. If you are a first time buyer, it is sometimes easier because you are at the bottom of the chain. The rule of thumb is to buy a lesser property in a better area, rather than a better property in a lesser area. This will make you more money when you move on. It is a stressful time, whilst you are waiting for surveys to be completed and people to move out. I hope all goes well for you. |
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DIANE C
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First find out how much you can borrow (based on your earnings) with a good building society and agree a mortgage in principle.
(Do not forget that you will need a deposit for the difference)
Next, look for a suitable property within your budget.
Once you have found what you want, approach the estate agent and express your interest in the property.
Apply to the B.S. for a mortgage on the property. They will require a survey and a valuation on the property before giving the mortgage, and can normally arrange for this to be done by their own people for which they will charge. You can reduce costs however by arranging your own surveyor (shop around).
Once the mortgage is agreed, you will require a solicitor to handle the legal paperwork, property search etc. These costs can also be dramatically reduced if you shop around for a "conveyancing specialist" (usually another solicitor) that will do the total "conveyancing" for a fixed price.
All of the other loose ends like insurance etc. will all fall into place along the way. |
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Tinker
 |
Firstly go have a look around the estate agents, see what is available in the area that you would like...Check to see if the property is close to all amenities ie transport links , shops schools cinemas etc..
When you have an idea what you want look again and see what you can afford, property is rising pretty fast..
Contact building societies, banks and mortgage brokers to see how much you would be able to borrow, lenders are having to lend more now because of increasing prices..
Once you have a figure to work with go back round all the agents and arrange some viewings, pick out a few then go from there..
Dont for one minute imagine it will be this easy, it sounds simple on paper but when you have to deal with the reality of buying it can get very frustrating...
Any decent agent will guide you through the rest of the process..Good luck and happy house hunting..
steven
Also follow the link WFR has given you... |
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khottmann
|
Step 1 : Get Pre Approved. you want to know what price range you should be looking in. You want to know that the monthly payment will be a comfortable payment.
Step 2 Go over the Purchase contract with your Realtor/Agent. They should be able to take you through the process of going over a purchase contract. You can ask any questions about the contract before you shop for a home. You will learn how writing a contract can save you money.
Step 3 Visual your home. The Crystallization process. You can see the perfect home, but your Realtor/Agent can not. If you can share with them, your home that you are envisioning, then this extra 10 minutes will save you and your Realtor/Agent time when you are out looking at homes. Remember, there is no such thing as a perfect home. so if you can recognize your housing wants and turn them into emotional benefits, you will enjoy your home much more when you buy it.
Step 4 Review your Realtor's/Agent's Sales system. A Professional will give you their game plan to get you from point A to Point Z.
Step 5 Hire Your Realtor/Agent. Once you have secured a Professional, you just sit back and watch them work their magic on finding the home. |
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ramses
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pretty easy , pay the full amount in cash |
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john2u
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step one ,get it surveyed |
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dave c
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go to a bank they will preapprove you for a loan.
They will want to know what your income is monthly and your savings and assets are.they will also want all your personal info and crawl up you like a fine tooth comb. You will need some money for a down payment and they will tell you about what they want as a down payment 10 or 20%. Then you are approved and can begin to shop for homes that the lender determined you can qualify for.
Or you could get Ron Legrands course teaches how to buy and qualify for homes with no money down!!! He has a 12 cd course on wholesaling teaches how to get deals no money down. Nice homes too. I have bought 400k apartment complexes with no money down using his strategy.
Using asignment of contract and buying subject 2 you can get homes with no credit or down pmt! His course explains what this is. Save your down payment! Take advantage of this housing crisis by finding a home that someone wants to sell that already has a loan in place that you can take over the payments. This Ron explains in his course how to do.
I try not to buy homes conventionally the way the rest of the market does by getting bank loans and buying listed homes from realtor's. Instead buying homes that have owners that are distressed help you to get into the home no money down.
I have talked about both ways to buy a home conventionally and non conventional the difference is this if you buy my way you never spend your down payment and you never have to ask a banker permission. Why let others run your life and take your money? Thats why I buy this way and not conventionally. Ron Legrand taught me a lot. the others that also taught me about real estate buying are Dave Lindahl ,Russ Whitney,John Beck,Larry Lofits all authors that have there own ways to buy real estate.These authors have stuff online if you search there sites. I hope this helps. |
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sup?
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yep and then, look for a house that you will like and see if it it convenient for you to get to work etc |
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