Renting & Real Estate - January 2007

The homes are so overpriced for what is being sold. My husband and I would love to buy a home, but it is so expensive. For example: A two bedroom one bathroom home in a decent neigborhood goes for almost $400K. If were to go to a not so decent area the price of a similar house would be around $350K.

We are living in an apartment which is costing us $1600 per month (two bedroom in apt complex) and do not want to take out a hugh mortage to buy an overpriced home. We see our friends and family members suffering from buying homes with little money down and can not even make payments because the taxes are going up like crazy. What is going on? Why is this? Is Long Island turning into Beverly Hills, CA? Does anyone think the home prices will drop anytime soon? I keep hearing that homes are going to go down in price, so that is why my husband and I are holding off on taking out a hugh mortage to buy a home.

2007-01-01 15:15:55 · 6 answers · asked by happynay 2

There is a HELOC on the home for $150k. Each undeveloped parcel is worth $75k. The appraisal shows the whole piece (undivided) to be worth $201k total. The home being worth $192k and the land worth $9k undivided. I asked why the land is so cheap and the appraiser said "they do not base values on future speculation". So my question is this: Can I survey and split the parcel into 3 tax lots even with a HELOC attached?

2007-01-01 15:08:45 · 3 answers · asked by computer_pc_doctor 2

I am trying to buy a home, very complicated situation, have debts that aren't mine, I would like to do an 80% (All I have to pay for the home is approx 75% of the appraised value) no doc loan, then after I close, take out a equity loan or HELOC for the remaining equity in the home to pay off my current home and debt , is this possible??? Thanks!

2007-01-01 14:39:33 · 4 answers · asked by Paul D 2

Im thinking about buying my first house and i really have no clue where to even begin. I look at and price houses on the internet, but don't know what the nest step is. And is there any good formula to figure out just how much of a house you can afford.

2007-01-01 14:29:20 · 8 answers · asked by MelJ 2

I live in a house owned by my mother and we mutually agree that I should take over ownership of the house as I've been paying all expenses associated with it, mortgage, insurance, repairs etc... The mortgage is in her name solely and so is the deed. Any ideas on the easiest way for me to take ownership?

2007-01-01 13:44:31 · 9 answers · asked by Patrick D 2

I'm looking for a decent mortgage calculator which factors in the mortgage deduction. Basically my goal is to be able to forecast my monthly payment as accurately as possible. Thanks!

2007-01-01 13:25:45 · 4 answers · asked by avocaronico 3

Im 19 and me and my mum are having some difficulty and Im thinking of movin out and renting a nousing in the next 6 months.Im currently working and earningg $764 weekly and doing modeling on the side.Would this be annogh money to live on and pay rent and food and electrical any suggestions and experiences would be good I want a one bedroom unit.

2007-01-01 13:05:58 · 16 answers · asked by Ashanti 3

If I buy a townhouse now with plans to sell it in five years, how easy will it be to sale

2007-01-01 13:05:50 · 6 answers · asked by dove 1

Can you explain the process of shorting on a foreclosure? How do the negotiations work with the lien holders? What would be a normal offer for a foreclosure property (as a percent of retail value)? Thanks, first best answer gets my ten points.

2007-01-01 12:37:09 · 5 answers · asked by Christopher B 6

2007-01-01 12:07:23 · 11 answers · asked by Anonymous

2007-01-01 11:58:32 · 11 answers · asked by Anonymous

I just posted this question a few minutes ago, but i figured i would be a little more specific this time. I am 20 so i want to live in a neighborhood with people close to my own age. i don't want it to be a "crappy" neighborhood, but not to snobby. you know what i mean? any help would be greatly appreciated. thank you

2007-01-01 11:37:03 · 2 answers · asked by Evelyn 1

2007-01-01 11:32:52 · 11 answers · asked by ronniesoamazing 1

if you put down a 25% down payment on a second house
do you still have to use the money that your tenents give you for the mortgage on the house or on your self?

2007-01-01 11:27:25 · 5 answers · asked by Anonymous

What happens if some wants to be taken off the lease? We both signed it....

2007-01-01 11:03:43 · 4 answers · asked by Anonymous

2007-01-01 11:02:46 · 3 answers · asked by bob g 1

2007-01-01 11:00:39 · 7 answers · asked by Anonymous

If I was to build my own house say a 3 bedroom basic house no swimming pools etc just a small 3 bed house how much would it cost me, from start to finish builders, mateirals etc In England

2007-01-01 10:56:42 · 13 answers · asked by oldshoespoetry 2

2007-01-01 10:55:05 · 4 answers · asked by hurricane50 1

I am interested in becoming a real estate agent in the Orlando Florida area. I can't seem to find any information on how to take classes and get certified...any have any info to help me get started?

2007-01-01 10:22:51 · 5 answers · asked by Cindy C 2

2007-01-01 10:12:42 · 4 answers · asked by Anonymous

2007-01-01 10:08:35 · 6 answers · asked by ? 2

I have recently separated from my hubby after being together 10 years and for the past 8 years we have been paying off our own home. I had a great rental history when I did rent but after 8 years I didn’t keep receipts and real estates don’t keep old records of tenants, even some of the real estates I rented with when younger are not even ar4ound today.....Now that I am trying to rent again its so hard I get “no sorry” you didn’t get the place
Is this because I am a single mum or what?? They keep saying oh its harder with no rent receipts.. Doesn’t owing your own home for 8 years count?

2007-01-01 10:06:05 · 6 answers · asked by Mum of one 1976 1

2007-01-01 09:45:03 · 4 answers · asked by Brandon 1

2007-01-01 09:40:08 · 6 answers · asked by - 3

first time home buyers programs? also, is there a credit check or do you need good or even ok credit for the program?

2007-01-01 09:36:42 · 2 answers · asked by fuccillo111 1

I'd like for find more info about relocating to this area. I'll probably be leaving AZ around May or so. I'm hoping to find a community with a low housing cost. I looked on ok.gov for some relocation info, but no luck. I've had a little bit of luck through the AR site.

2007-01-01 09:21:23 · 3 answers · asked by roadrunnerjim 6

My husband and I would like to close on a home by June. We are stuck in a leased apartment that doesn't expire till July 1st. Should we start the home buying process now? Can we request that the closing date not be until the beginning of June? As a note we have excellent credit and available savings for 10-20% down payment. Thanks

2007-01-01 09:05:11 · 4 answers · asked by constantk 2

I want to move from Winnipeg to Edmonton as soon as possible. I have $1800 in my pocket to move. My only possesions are clothing. Would a landlord take me as a tenant without having a job first?
Thanks for your help.

2007-01-01 08:02:07 · 6 answers · asked by Anonymous

I was unaware of this step, until I was informed of this service from people on Yahoo! answers.......thanks!

2007-01-01 07:46:37 · 7 answers · asked by okwaho 1