 Is it difficult to sell your house with out a Realtor? |
| I really want to avoid any extra cost during selling my home. I need to learn the steps to doing it myslef! Any resources and help would be great!... |
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 Question about a first home purchase? |
Can i roll the closing cost and lets say $10,000 into my mortage amount to pay for new furniture and moving?
Additional Details
I have heard of a 110% loan...What are these?... |
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 How much should I ask for my house when a company wants to by it and 30 others to turn area into strip mall? |
My house is appraised at 49,700
They said they would pay house payment and taxes for a year in the house I am in now if I sale it today.
They said price is negotiable.
The area is ... |
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 Is there a limit on how long a landlord has to cash a check? |
| I have a landlord who is not cashing my check in a timely fashion. I have already contacted them about this. Is there something I can do legally to force them to cash the check within a month?... |
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 Buy through realtor or from owner? |
| Is it better to buy a house through a realtor or from owner directly? Why?... |
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 Considering leaving and going to a new state...any suggestions? |
| No kids, not really any family and no deep deep relationships. Been in the same place all my life and I feel that I would do much better somewhere else. Maybe like a do over.... |
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 Roommates? |
| i have a 1 bedroom apartment, and I'm thinking of adding a roommate in here. but I'm a afraid since we will live in same room together, we will not get along. what's your experience?? (... |
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 If something devastating happens to a person, what rights do they have to ending their apartment lease? |
| If someone has signed a lease but losses a family member and needs to move, what legal rights are there to get out of that lease? Are people seriously forced to stay in a lease without any exceptions?... |
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 Is it still possible to buy a house for 40,000? |
| hopefully in florida?we are a new family , in search for a home we can afford. i know how to work on homes and i am a profesional chef here in orlando.... |
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 I want to be a real estate agent but i want to know do they really make good money .? |
| I want to be a real estate agent but i want to know do they really make good money or is it all about commission. And i also would like to know how to get started. Does anyone know?... |
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 When looking to buy a house, do you find floor plans useful? |
| I am conducting some market research. I would like to know if a floor plan layout would help sell a house. If you have looked through estate agent websites before, did you see any with floor plan ... |
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 Landlords, reasons for not allowing tenants to have dogs on the property? |
Without being rude, why do you not allow tenants to have dogs?
Is it because of a past bad experience? Are you worried the dog will be destructive? What are some other reasons?... |
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 Will the council help if iwe are evicted by our new landlord? |
| will the council help me to be rehomed if my new landlord evictes due to rent arrears occured with my ex partner.I have 4 yiung children and am 4 months pregnant with my new ... |
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 Can landlords go into your rented house without your knowledge or permission? |
| Is it legal? I don't really like the idea of somebody going into where i live when i'm not around and going through my stuff. Or even them THINKING i'm gone and just letting themselves ... |
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 Why does my daughter have to suffer because my landlord does not want to do anything? Family life is in danger |
| Hello my name is Amira Boyd, I am a mother of a disabled child who, works full-time and goes to school. I have wrote my landlord over 100 complaint emails. Nothing is being done. The problems that ... |
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 How do I know the proper rent amount to charge my boyfriend & how do I break it to him? |
| I have a great job making decent money and my boyfriend who moved in last year also had a great job. Since July of this year he has not had a job. I pay around 1400 per month for a condo, ... |
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 What should i sell my home for? |
| it has 4 bedrooms, large kitchen, 3 bathrooms, formal living and dining, 2 car garage, 15 ft deep pool, and a workshop in the back, and a 3rd story loft. it is just 6 years old (i didnt have a ... |
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Come wit it! | Why do they pressure me into buying a house? |
Single mom with 697,691,696, credit scores and trying to pay off a credit card and a computer. I rent a comfortable condo in a quiet area close to work and family im 34yrs old. My stepdad is telling me to buy a house before i get too old. I want to rid myself of some of debts i have.I have a 10 yr old ,who ex hubby dont pay child support. I know I qualify for a home but my thinking is if somthin drastic happened to me who would make the mortgage? My mother had a home for 8 yrs and then she got Lung cancer and could not work she did get disability but my stepdad had to pay most of the bills. I have no man in my life and if I did I wouldnt depend on him to take care of all my bills. I just want to be free of un necessary debt although one day I will like to be a homeowner just dont want to jump into it. My rent is 600 month, I pay all utilities, car paid for, although it has 150,000 miles on it and people tell me I can have a mortgage at that price? just not ready or am I just scared? |
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Paul H
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Rental is "Dead Money", however, the debt of a mortgage/property ownership will ensure that you have a dead life. It's no fun paying bills and having no spare money to go out and be young and single - further more enjoy your childs childhood. Enjoy these young and single times while you can, these years will not come back.
These days, property prices are based on a two income baseline. So, you would have to start at the very bottom in a bad area......I presume you are in a better place now?
Anyway, don't listen to the pressure, enjoy youth and buy when you feel you "REALLY" can afford it. |
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Yanswersmonitorsarenazis
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I'd just keep doing what you're doing.
If you were to purchase the condo you are renting, what would it cost? Any more than $60K, and you're cheaper paying rent.
Better to keep your expenses low, and build savings, than to struggle to make higher housing payments and end up house-poor. |
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financing_loans
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If you are happy where you are at in your life right now why do you care what others say.
But to answer one of your questions. You can get insurance that if a doctor lables you as disabled and you cant work, or die for that matter. They will pay your mortgage payments forever or just pay it off if its indefinent. I have done mortgages for years and only seen one person ask about it and buy it. Its not something a loan officer makes money on but it should be something they can look up. If that is your only issue there are options.
Do what is best for you and your son, if that is staying where you are at, go with that. |
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Lainie L
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Only buy if you feel comfortable with it. Buying a home is a great investment as real estate appreciates in value and you will over time gain equity on the home that you can later use to pay off your debt.
It sounds like you really are considering purchasing something, but don't let it be because others are pressuring you.
What I would do is call a mortgage officer and have them pre-approve you. This way you can find out what kind of payments you will be looking at if you do decide to purchase something. Getting a preapproval costs you nothing and you are under no obligation to buy - so why not get one? Then at least you can make an informed decision. |
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G
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right now smart money people are not buying and for good reason -- and they are even the ones that get great deals at the bank. you can rent the rest of your life for a fraction of what a mortgage and property taxes will cost. when you figure in repairs and insurance, if you live in a condo you have monthly fees to them many people currently pay homeowners associations and often the fees are close to what you are paying for rent -- its really a lot of money down the toilet.
you can't have a mortgage at 600.00 you can have a mortgage that starts at 600.00 and 3 years from now jumps to 1000.00 or higher. there are many mortgages that will just send you to the poor house. people that issue mortgages are sleezier than used car salesmen. life in the 21st century dictates your creditors are not your friends -- you should have learned that from credit cards by now.
keep doing what you feel like is the right thing for you -- don't let people tell you what the right thing for you to do is. one thing i have learned in life is stupid people are the first to give their advice. wait til other people weigh in before making decisions. you have to listen a little harder because the smarter ones aren't going to be as loud. |
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Miz D
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Without knowing your monthly/yearly income it's hard to guess on your budgeted expenses. I hope you are saving money from each paycheck. $600 a month rent for a comfortable condo and a car that is paid for makes it sound like you are doing great. Home ownership can be a burden when repairs are needed or the carpet must be replaced. If I were you I would not buy a house. |
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jenn_a
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Buying a home is a big step. You need to think about the mortgage, taxes, home repairs, insurance, even mowing the lawn can be a pain!
My dad sat down with me and we went through every thing he had paid to "own" his house for a year. I was blown away. Things I never thought about, like filters for the A.C. unit, add up over time. He was not trying to discourage me from buying a house, but wanted me to be informed. I decided to wait, I paid off some bills and stuck some money back. I am so glad I waited! I was prepared, I had watched property values for awhile(they don't always go up!), and got a good deal on a nice home. I was ready for closing costs, and had enough saved for the little things like painting an awful orange and black bedroom!
If you want to wait, don't be pressured! Do what makes you comfortable. |
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CC
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For many people, owning a home is a symbol of status or achievement. Nothing wrong with that, but there's also something to be said for living a debt-free life and avoiding unnecessary stress and pressure. I think you're very wise to consider all the different angles, weigh them against your own goals, and then decide what's best for you.There's a difference between being scared and being cautious. It looks to me like the second applies to you. Personally, I think your slow-but-steady approach is much, much better and you'll have a much richer life for it.
P.S.
(Renting also has the advantage of placing responsibility for repairs and maintenance on the landlord, not the tenant.) |
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New Dog Owner
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Depends on what kind of fixed Mortage you can get. While its true that mortager and rent can be the same, you have to pay downpayment and closing cost when buying a home, and then you are responsible for all upkeep, plus homeowners insurance which is usually a lot more expensive than renter's insurance. On the other hand a home is an investment and as you pay off your Mortage you are building equity which can be an important and quick source of low interest credit if you find yourself in bad finacial shape. And right now houses are selling at record lows, so now is a good time to buy. And if you do hit desperate finacial straits you are better off being foreclosed on than evicted. |
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Kathryn
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Unless your stepdad wants to help you buy the house as a gift to you, he should butt out. It sounds like you're doing fine and have your priorities in order. If I were you, I would do the following:
1) Take ex hubby to court and force him to pay child support
2) Pay off credit cards and computer
3) Make sure you make all payments on time and don't open or close any credit card accounts. This will help raise your credit score.
4) Start saving money. Save every penny you can so that you can build up an emergency fund and a down payment on a house.
5) Only then should you look into buying a house (and only if you want to for you). This should be your decision.
Good luck! |
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iceman
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Buying a house is your own personal descion. You probably are ready to buy a house, but if dont feel comfortable buying then dont...
However, we dont know your income or the price of the homes you would be buying. So its really hard to tell for sure if it would be a wise choice. I am guessing that if a parents tell you that you can afford, you probably can. But if you are comfortble now, there is no reason you have to change anything. |
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PK
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You're being practical. Homeownership has lots of benefits, like tax deductible mortgage interest and building equity in your home (rather than just paying out rent, which is not tax-deductible). But, you also have some really good concerns - like who will pay the mortgage, how much can you afford and what happens if something happens to you.
How much you can afford to borrow depends on your income and how much you have saved up for a downpayment. I figured that at a 7% interest rate, a 30 year fixed, you can borrow abour $90,000 to get to about your same rent payment. Now, that number depends on how much you make because banks will limit the overall amount of a loan based on income and downpayment.
But, like you said - 30 years is a long time to pay something off. You would have to think about disability insurance and life insurance to keep up payments if something happened to you and those both also cost money. You can decide for yourself how you want to spend you money. If you decide you want to save some money towards buying a house, good for you. But wait until you're ready.
If you want somewhere to just look at some information, I like www.bankrate.com |
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El Jingo
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when you can if you want Foreclosure is the solution:
http://www.foreclosureinfousa.net |
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