 My house has been on the market since march 2006 and wont sell and has had about 2 pathetic offers? |
| i have dropped the price from 450 000 to 399 000 and changed real estate agent once alredy ,the agent im with now seems pretty good though they do what everi want them too and are advertising the ... |
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 Then tenant signed a lease to rent our home on 1/13/07. When we cashed the depoist check? |
it BOUNCED. We gave him the keys already on the 13th since the home is in TN and we live in VA. We've given him over a week to get us a new deposit check, but we haven't gotten it.
Is ... |
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 I want to pay off my mortgage, do I need to get a lawyer or should I get in touch with the bank directly? |
| I've decided to pay off my mortgage from money that I've inherited instead of investing in something else as it's more beneficial for me to pay it off and live comfortably off my ... |
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 I want to buy a house or a condo, how much of my monthly imcome should it be? |
If my monthly income is 10,000 what percent of that should be dedicated to a house? Is there a specific percentage?
Additional Details
Is the 30 Percent BEFORE or AFTER taxes?... |
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 Landlord notified me of a mandatory inspection 4 days in advance. Am I legally obligated to let them enter? |
| I live in an apartment in Oklahoma City, OK. They set the date of the inspection, and it is while I am at work. Do I have the right to refuse the inspection or at least set my own date for when I ... |
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 When getting a first place, is it better to rent an apartment or buy a starter house? |
| I have heard arguments for both sides and wondering what people think. Renting is usually just throwing money away in a sense and with a house can actually build credit.... |
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 Could raising my rent (or refusing a lease renewal) because I'm pregnant be considered discrimination? ? |
| It's that time of year (lease renewal) and I have an uneasy feeling. I don't want my landlord to pull any funny business because I'm pregnant. He already informed us that the rent will ... |
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 If someone owns a piece of land, do they own it all the way to the center of the earth? |
| THis sounds like a 'duh' question but really, there are archeologists and stuff and are they allowed to dig under your land?... |
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 My landlord wants too? |
| bring people to show them round my flat as my tenancy runs out next month. i was not able to view the flat untill it was vacated i have read my contract and it says nothing about this. can he do this.... |
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 Is older house dangerous to live in due to asbestos paint & stuff like that? |
| I heard that you can get a cancer. Is it really dangerous? Besides the paint, anything else that might cause health problem in older houses? I am talking about houses built in 1950s & 1960s. H... |
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 @@@@is it true interest rates are coming down to avoid a housing crash@@@@@? |
| is the housing market in london oing to crash im thinking of selling up in ... |
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 We made an offer on a house and now they want another offer?...? |
| we made an offer on a house & from our understanding we had the highest offer but now they want us to give them a "highest and best" offer. the realtor told my boyfriend that they were ... |
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 My rights as a tenant? |
| Just had a call from our estate agent saying that our landlord is thinking of selling our rented property. Our contract runs out this summer and although the landlord is fully aware of that she might ... |
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•♡Jennifer♡• | Why is it not a good time to buy a home? |
i heard some where that it is not the right time to by a home
or get a loan
why is that |
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hollywoodmelody
 |
Its agreat time to buy a home because it is a true buyers market but to get a loan nowadays take some major work. They are tightening down on lenders because in the past lenders had to much creative financing going on. They basically played by their own rules, took everyone and then cam time for the balloon payment and boom! no one could afford their home. Sad, isn't it? You would think that the lenders would have been smart to stretch out the process and play fair so that everyone could have the american dream. Not so, they got greedy and everyone is paying the price including the top mortgage company, Countrywide! |
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Bubba
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It should be a very good time to buy. Somebody didnt know what they were talking about. |
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shamieya
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I disagree. Low rates, motivated sellers, tons of loan programs= good buying season to me. |
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Don R
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It is a really good time to buy a house, but due to a lot of lenders going bankrupt it is a very bad time to get a loan you will have to have atleast a 680 middle fico to get a loan that doesnt require a down payment and some lenders are not doing 100% financing at all anymore.
Try eloan, and quicken loans they can get you what you need. If you go with quIcken loans ask for Vern Gwyn he will work with you and for you. Tell him Hakim from NJ sent you. |
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another_answer_girl
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it's a good time to buy, but a bad time to get a mortgage.
all the mortgage bankers are in panic mode. if you can, wait 6 months. it'll still be a good time to buy and the mortgage industry will (hopefully) have calmed down. |
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Monika Wilson
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Depending on the Area/Location it is a great time to buy a home right now. I just pulled the active listings total, closed sales for the last 2 Month and new listings in the last 2 Month for our Area, Cape Coral, Southwest Florida.
For the first time in a few month we have more homes sold than we have new listings coming on the Market. That means the inventory decreases and soon the prices will increase.
Now do you want to buy in a slow market with Home Prices down or do you want to buy in a strong market with home prices all the way up?
For our Area here, now is the best time to buy a home! |
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mil2me
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Its not that it may be a bad time for a mortgage, its just got a lot more difficult to qualify for a mortgage. Its actually a good time to buy a home there is to much inventory for sale and you could probable negotiate a lower price vs same time last year. Visit your local real estate office. |
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Ipsydoodle
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Many experts feel that home price declines are not over. So, if they are right, then if you wait you might be able to buy a house cheaper next year than this year. Some say home prices will not stablize until 2009.
The home mortgage industry is currently going through a full on meltdown. For the last several years the mortgage Companies would lend money virtually to anybody still breathing. The slacked off on borrowing requirements, loaning money to people on shaky financial ground via a variety of different types of Adjustable Rate Mortgages. Only problem there was that the pesky Federal Reserve kept raising interest rates up and up. So when the A.R.M's adjusted upwards, all those people on shaky ground could not cope with substantially higher mortgage payments.
People applying for "traditional" mortages who have good credit and the income to support the mortgage payment can still get loans. A traditional mortgage is a 30 year fixed loan where the borrower has put at least 10% of the cost of the home as a down payment.
It is now very very difficult for people to get one of those riskier ARM style mortgages.
In many parts of the Country, it is a buyers market. This is because there are more homes for sale than there are buyers. |
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RickRN
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People are giving away houses and interest rates are at historic lows. What's not to love? |
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rlloydevans
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It is an excellent time to buy, because lower house prices, and many more sellers than buyers make it that you can get a good deal.
The negative thing now is the mortgage market. Lenders have become exceptionally more careful making loans, so you must have better credit and more cash down than before.
So if you have great credit and a little money for a down payment, it is now a great time. however, if you have credit problems of any kind it is almost impossible to get financing. |
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bombastic
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Someone misinformed you. This is an excellent time to buy a house. It's the sellers who are suffering since they are forced to lower their asking (selling) prices right now. As a buyer, you are in an enviable position where you can negotiate with sellers who have been stuck with houses that have remained on the market and have not sold because buyers are fearful.
"Cash is king." If you can afford to buy now, sit on it and not worry about making the payments, you will be ok in the long run when prices go up again. You may have heard about people who took sub-prime loans to purchase their homes over the past few years, and are now having difficulty keeping up with their mortgage payments.
Some people took mortgages/loans where they were making only the interest payments then found out that they had to start making regular payments and they could not afford the house after all. In other words, it was easy to acquire the house but difficult to maintain the mortgage payments. Many have lost their homes because of that.
If you are buying a house, the key is to research mortgage payments and interest very carefully so that you don't find yourself with escalating payments that you cannot manage. Some people are waiting to see if housing prices drop even further. Therefore, they are speculating and believe now is not the right time to buy but it is a gamble. Personally, I would negotiate the price and buy now |
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MADELIN A
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I think it all depends where your buying because here in Miami, FL is not a good time because the interest rate are to high and the selling prices are to high also |
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