 Rent or sell my house? |
| I own a old fixer upper on a large lot in Modesto. It is paid off. I am thinking of selling it and buying a house in Sacramento area. Is this a good idea... or should I fix it and rent and wait for ... |
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 Where do you think this horrible housing market is headed? |
| How long do you think it will be so hard to sell a home? We live on the East Coast -- thousands are houses are up for sale around here and they don't sell. What is there so much building by ... |
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 Morgages - why has the world gone mad....? |
| It crap - why is it that my partner and i work bloody hard and yet we cant live together (with our son).... i have to live with my parents (and my child who is 3) and my partner lives with his ... |
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 What is the lowest Percent that a realtor can do? |
| I have a realtor that said they could sale my home for 5% and then another for 4%. Is there anything else that I can get a realtor to come down on, that will benefit me on my return?... |
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 Do we give the deposit back? The person renting our house is moving out early, and has 4 mo. left on contract? |
| In the state of TN I cannot find and information on what we should do if the person brakes rental contract? Also, in contract it was to be rented to a NON_smoker, yet the woman smoked inside our ... |
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 What does this recession mean to us for our everyday lives? |
| I am curious, I have been watching the news about the econonmy and the "recession" we are in, and I have a question: What does this mean for our everyday lives? If I am understanding ... |
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 Can he do that?? |
hey,, i wanted to move in to this plave i saw online, so i called them and i sent them a deposit.
when i came in i was talkin to this front desk guy and he said that i have to at least sign for ... |
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 How to I go about buying a house with a lien held by mortgage companies that are now out of business? |
| Found a vacant house in our town. Neighbors say owners moved, been vacant 3-5 yrs. Found a mechanics lien on house. Lienholder (home improvement company) has no knowledge of lien (lien is 12 yrs old ... |
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 Anyone know anything about apartment searching? |
| I will be moving by the end of the month to another state and of course I will need to find a place to live. Does anyone know of any sites that give good information on renting apartments? Also, I do ... |
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 Roughly how much would we pay for a mortgage each month? |
Me and my boyfriend are looking to move out next year, but we want to be prepared before we do. We're going to get financial advice in september and look around for a fixed rate mortgage.
<... |
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 I don't want my house anymore...? |
| I was awarded our home in a divorce settlement, but I don't live there and I don't want it. I can afford the payments so the bank won't do anything, but I just want to get rid of the ... |
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 How does a buyers realtor get paid when buying a home that is not listed with a realty company? |
| We have been working with a realtor to buy a home. We recently went to an open house for a home that is not listed with a realty company (we went without our realtor), the home is being sold ... |
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 Can someone seal off a fire door? I need legal advice!? |
| I have a retail store that has an apartment above it. The entrance to this apartment is from a stairway that is a storefront down. The owners of that building have 6 apartments the stairs lead too, ... |
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 Can our landlord charge us $700 instead of getting our $720 security deposit? |
In Las Cruces, NM:
Our landlord is charging us outrageous prices for cleaning. For example, $30 to clean the dust off a fan. The wall also had some very shallow holes in it from a flat ... |
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 How much rent should they pay? |
| So me and a very good friend of mine moved in to an apartment togather and since the beginning it was established that he didnt really know if he would be staying or not so i made the contract under ... |
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 Should i buy homes and flip or stay and support wife.? |
ok i am having this dilemma im 22 almost 23 and ive been married for almost 3 years, i have a house in yuma, az and my wife has a restaurant that has been running for about 3 or 4 months.
... |
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 Can my landlord show my apartment every day from 11am-4pm? |
| I gave my 30-day notice and now my landlord wants to show my apartment every day from 11am-4pm. He gives me 24-hour notice for each showing, but there's a new notice every day for the next day! D... |
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belle | Would it be better to rent for $800/mo or try to buy a house with no money down? |
I'm 25, still in college, but I'm tired of throwing money away on rent. I have no other debt, my car is paid for. And I work full-time. But I don't want to get screwed on interest, and I don't know if it would be a good idea anyway. What do you think? |
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new_style27101
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I like the idea of owning but don't forget about when it is time to resell. When buying with no money down if you don't plan on staying in it for at least five years or more the I don't think it is worth it. The things you have to think about is are you going to stay in that area when you graduate because you just can't up and move when you are ready. Also the mortgage my be cheaper but then you have to spend out more money in maintainence than you would have with just renting. I am not trying to steer you not to buy but even if you do 100% financing I think you should have some money saved up for when life happens and make sure you make get all the information you can so that you can make a responsible decision.Good luck |
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Enlightened Business Solutions
 |
I would definitely say buy but remember that there are other associated costs with owning a home that you would normally not have if you rented.
For example : Gas or oil to heat your place, water and sewage in most parts of the country, maintenance of the house. Make sure you get a good inspection and detailed list of things that might need to be replaced in the future like the roofing, heating system, water heater etc.
Do all of your numbers with somebody that is familiar with this process like your parents or somebody you can trust.
Definitely check into the First Time Buyers programs and take advantage of these rates because they will not last for long.
Another thing to do if you don't want to get screwed on intrest rates because mortgage brokers will play this game every single day with buyers. Get qualified by two or even three lenders and tell them all that you are going to get qualified by two or three lenders and who ever gives you the best rate this is who you will get the loan with. You have the leverage and they will not screw with you. I know they hate me but it is honest truth.
And another thing I almost forgot. Don't let them tell you that it will affect your credit if you do this because this is what they want you to believe. The change on your credit score will be so small they will need a microscope to see it. Your in control and it is your money.
Wish all the best.
Good Luck |
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bobbilee
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Right now it's a buyer's market.I'm buying.Go for it! |
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Steven L
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Do not listen to the people who say not to buy. 100% financing is easy and safe providing it's a fixed rate. If you can afford the payment you should buy.
If you have a credit score of 620, current rates for 100% financing are as low as 5.875%. Again, ignore the people that tell you rates are high for 100%
Speak with a licensed mortgage professional. . |
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irishbarfight
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If you can get a good loan (probably FHA, for first-time homebuyers..requires little money down...fairly decent intererest rates) I'd say invest in a house. Even though your mortgage payment could end up costing substantially more (plus all utilities, insurances...etc.) the money you put into this house will become equity.....something you DON'T get on an apartment.
Buying a house is a HUGE responsibility, but with careful planning and good decision making...you could make the dream a reality. Nothing is too far-fetched anymore, as long as you're willing to work hard for what you want. Good luck! |
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Steve R
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Wait until you get out of college and get a better job before settling down. Your new job may be in another state. |
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vandelay industries
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if you can afford the payments you will be better buying a house. try to own everything |
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♥KCL
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I was in the same boat as you were. I am 23 just bought my first house last year with no money down. Buying a home for the first time is easier than buying a second or third. There are 1st time homebuyers programs out there that you could sign op for the loan. I have a 6.25 interest rate, fixed. I think that's pretty good for a first time, and my credit wasn't all that great when I bought it. Do some research on first time homebuyer programs. |
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holly
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Buying a house with no money down means astronomical repayments plus rising interest rates on top is a bad idea. A better idea would be to board with parents friends enabling you save a deposit. |
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