 Who is responsible for unpaid utilities? |
| I rented an apartment with a roommate. Both of our names are on the lease. The utilities came in her name. Our lease expired and we owed a balance on the utilities which we made payment ... |
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 Is the 8000, for first time buyer still in effect? Also….? |
| How can I qualify for a government grant to buy a house, if I am a born American, have a job that pays less then 30,000, and married to someone who makes less then 30,000. His credit is crap, so I ... |
|
 Is it weird to live in a rented room in ur own home town...? |
| Hi iam a grade 11 student......the problem is that i have 7 Family members....and since there r only two bed room..in my house...this create a problem for me to study.....example when my sister ... |
|
 What is foreclosure? help me? (:? |
| My friend is moving out of his house and I was looking for a house. His house fits what I am looking for. a 3 bed, 3 bath. I asked if he was renting it or selling it and he said it was being ... |
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 arm's length transaction between friends? |
| I was forced to short sell our home in florida and a friend offered to invest in our house. They offered for us to live in the home until we could either find another or purchase back the home at ... |
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 what does a home renter give to their children, when they pass away? |
Hi I'm just thinking,
what would you do if you had to rent a home all your life,and you had children.
What would you give to your children when you had passed away.
With a home ... |
|
 Should I become a real estate agent? |
| Ok, I just want some honest answers here, because I don't know much about the life of an agent. I am a young female college student with an associates degree in liberal arts. I am currently ... |
|
 St Augustine possible condo owner..how hard is it to rent out when I'm not using it..anyone...? |
...have advice..
I'm thinking of buying a house in/near St Augustine. Until I retire 2 yrs I will need to rent it out. With the glut of condos on the market, I'm wondering how feasible ... |
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 What are the vendor's legal liabilities under 'sale agreed' for property? |
| If the prospective buyer has a survey done and wants to cut the price, what are my rights/ liabilities as the vendor ? Can I just refuse the price reduction ? Am I liable for the cost of the survey ?<... |
|
 Whats more expensive? Building your own place or buying one? |
| I'm working on moving out of my parents place. I will be earning 20,000 a year and I need some info.... |
|
 How to find a renters landlord? |
| we have these people that rent across the street and they have parties like every other day so we want to call the landlord every time we get woken up by them in hopes that he will make it stop. We ... |
|
 Is there anything you could do after being scammed on craigslist? |
| I was buying my first car, and i looked on craigslist because i was curious. I ended up finding a 2001 punch buggy, it was perfect! low mileage sunroof no scratches, and it was being sold cheap ... |
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 How can I find out if my town qualifies as a "high-cost" area for "conforming jumbo" interest rates? |
| I want to refinance a house but it's not worth it unless I can get a "conforming jumbo" mortgage instead of a "jumbo". Where can I find out if my area qualifies? Is there a ... |
|
 i have 7 tenants in two apartments in e stroudsburg PA? |
| my concern is if they are all under 21 and consume alcohol will I be in legal heat even if I don't control their apartment activities like parties . which are every weekend of 30-50 guests and i ... |
|
 How long did you live in your first home? |
| I am just wondering what the norm in for living in your first home? I have heard 5 years, and 2 1/2 years...how soon would you start to see a profit?... |
|
 When you go apartment hunting do you need to make an appointment? |
or can you just go in and ask to see the apartment?
anyone know?... |
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 My father, now deceased, owned the home I live in. How do I change the title to my name? |
| My father's name is on the title of the home I currently live in. He died in 2006 and my brother has no interest in the home. How can I put my name on the title to my home? If I file a ... |
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| My husband is due to retire in June....? |
...He is a very physically active person, and very sociable and friendly.....
We are both concerned that he will miss doing "something" (even though there are about a thousand projects ... |
|
 About Renting a New House;? |
| Well i was about to rent a new house to move from my dorm. Which is not healthy to live in. So i started look for a new house to rent. My friend came up with question that he found a good 2 story ... |
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Audrey | What would I need to know before buying a house? |
Im a first time home buyer and my husband and i wanna get a 3 bedroom home that is affordable
we would only be able to pay 1,000 for rent and bills is that doable |
 |
 
Mr. Prefect
|
First before anything, you need to know about the house before moving in. Has it been inspected by an independent agency? Was it your choice or the owners choice? Are they reputable? Have you yourself inspected everything............. carefully? Did you flush all toilets and look in the backs? Has someone checked out the roof? Are there trees near the house(meaning possible toilet backups from tree roots)? Does the basement smell wet in any way? Have you gone to this new property when it rains, to check for leaks?
Know where the water cut offs are, fire alarms, electricity breakers. Is the outside property level? If not, why not? How about the sidewalks? Any breaks in them? Shingles? Any painting needed anywhere? Look for any bug infestation around the home(ants, roaches, mice, bees).
After all these things are complete, then do you check into affordability. You do not want to be house poor, meaning all your financial resources go to the home(mortgage, taxes, insurance, fix-ups). Have you asked the current residents to see their gas & electric bills, property tax bills, water bills, if any. Do your homework before moving, or have a large pile of cash ready in case disaster strikes after the fact. |
|
rtfm
|
If you're buying a home, you don't pay rent, you pay mortgage payments. And insurance. And taxes. And all the other expenses associated with home ownership.
If you can only afford a total of $1000 a month, it doesn't sound like you're ready to buy. Sorry. |
|
Jasmine
|
well, you need to know if you can afford it first. then you need to make sure that if you need a loan you are all set up. another thing to keep in mind is not to become house bankrupt, meaning that after you buy the house make sure you can buy furniture as well. |
|
c
|
talk to a banker and get preapproved to find out how much they will lend you, then figure how much you can afford with that. its going to depend on where you live more than anything honestly. if you live in a city with high real estate costs probably not, if you live in a small town this is easily do-able!!! I suggest you try to get a P I T I which means that your taxes and insurance will be on the same payment as your monthly mortgage so that you don't have to come up with thousands at one time each year. I don't know where you live but where I live in small town Nebraska we are eligible for several grants because of income and being a first time home buyer so ask your banker/mortgage broker about that. Also check out foreclosed homes they are usually sold as is and there isn't much room for negotiating, BUT you will get a bigger house for less money. |
|
stingray
|
not really do able
added to your mortgage payment are:
Property taxes
possible assoc dues
home insurance
up keep
all utilities
repairs
the future of home ownership may no longer be financially advisable for anyone. |
|
Judy
|
Google "how much home can I afford"
Remember never to go by the max if you want a good quality of life.
Best - keep it under or right at 25% of your take home pay.
Do not fall for scam loans such as variables, arms, options - stick to fixed rate for the term of the loan
Get your credit reports at
annual credit report .com
Print them out - all 3 for you and your hubby
Make sure everything is in top condition.
If you have any credit cad debt - pay it in full before applying for a mortgage.
Do not make any new loans or open new credit for at least 6 months before your mtg.
If the credit reports are immaculate get your credit score
Go back to equifax.com and pay about 15 bucks for it.
Remember, major lenders don't go by this - but it is good for you to know where you stand
Get pre-approved from any bank for a home loan.
There is no cost for this pre-approval letter.
A realtor will show you the respect you deserve with this letter.
Have 20% to avoid PMI.
PMI is nasty - it's like throwing away thousands a year - google it.
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