Renting & Real Estate - February 2007

A friend of mine just got a loan of $270,000 to buy a condo. At the end, they hit him with $11,000 in closing costs. Do you think that is excessive? What justifies these ridiculous closing costs anyways? $11,000 to do paperwork? Aren't they making thousands over the life of the loan?

2007-02-20 05:47:39 · 12 answers · asked by trer 3

When making an offer on to a seller, raise the purchase price slightly and put a contingency in the sales agreement stating, "purchase contingent upon home inspection" in order to expose any of the properties faults so you can have grouds to renegotiate for a lower price?

2007-02-20 05:44:19 · 4 answers · asked by John S 1

I am currently paying $1250/mo for a 2bd/2ba apt. in SoCal. I really hate throwing that kind of money away, though, and I want to buy a house after my lease is up in Sept.

I have good credit (score is 750), minimal bills each month (just two credit cards), and I can afford payments of $1500-$2000 each month on a mortgage.

I have looked into several first-time-buyer programs, both locally and for the State of CA. It looks like I can get some help with the downpayment, although I have about $20k for that already. Most of the 40-year loans seem to show that I can only afford $200k for a house at the most, and that's not going to get me much here in SoCal (I want at least 2bd/2ba, and not a bad neighborhood...I'm looking at the Long Beach area).

So, can I somehow buy a $400-$500k home in this financial situation? If so, when should I start looking? Any help would be appreciated.

2007-02-20 05:27:45 · 10 answers · asked by Sophie832 3

2007-02-20 05:22:33 · 6 answers · asked by jc 1

2007-02-20 05:19:54 · 2 answers · asked by wishing_i_could_sing 2

I need to move to a 1 bedroom instead, in the same complex. Am i breaking the lease and would it be allowed.

2007-02-20 05:17:21 · 8 answers · asked by marie c 1

I have a friend that rents an apartment. She had an accident with hot grease in the kitchen. So her landlord gave her an estimate of $1300. This would include an area of 5' x 10' linoleum and 2-2ft prehung, hollow, prefinished doors and labor. Somebody tell me that this girl is getting screwed. I have a son that works at Lowes and knows this is way off. For the carpenters out there... is this right? By the looks of the carpet the quality in this apartment is cheap. For the landlord... I don't think it is right that this guy will not show her the receipt from the store where these doors and flooring are purchased. Does she have a right to see it? Also, what does her $750 deposit cover??

2007-02-20 05:12:07 · 9 answers · asked by Anonymous

my landlord doesnt have house insurance, the boiler broke down and i asked the plumber questions about my landlord, he informs me that there is no house insurance. this concerns me as a tenent. is this illegal? i mean what if i burn th house down?

2007-02-20 05:09:47 · 0 answers · asked by happyglitterthatrocks 1

received a bid for 172,000 but they want $8,000 credit. Does anyone know what this means? Our realtor sounded un happy with the 8,000 part.

2007-02-20 05:01:53 · 6 answers · asked by Charity D 2

The day they tell me how tall my grass should be, where to park my car, or what color I should paint my house would be their last..What in the world would prompt anyone to buy into these communities??

2007-02-20 04:51:27 · 8 answers · asked by Anonymous

As someone just getting started in the real estate industry, I'd like to know what people are looking for in a realtor. Is there anything that would really make a difference when selecting someone? I'd appreciate any input. Thanks!

Elsa

2007-02-20 04:51:23 · 3 answers · asked by Anonymous

What is the difference between co-op or condo in NYC. My girlfriend told me that you have to pass a board, which can be extremely strict . She also said that you have to have social and character or personal references. Which is usually more expensive and which is more reasonable.

2007-02-20 04:37:51 · 1 answers · asked by Jennaba9048 1

I was going to refi my house and I had an appraisal done 4 months ago. The appraiser appriased my house and 2 acres @ $120K.

Since having it appraised, we've had a death in our immediate family and we have decided to sell. We had it pre-inspected and made other improvements - remodeled bathrooms - new ceramic tile, light fixtures, repainted interior/exterior, new 6x6 deck, landscaping, etc (I watched HGTV to help w/the sale and profit).

The realtor gave me really low comps and I asked her should I have it re-apprased. She said "No, why would you pay for an apprasal when you can get a FREE comparable Market Apprasal from a realtor? She also came back 2 days later w/higher comps - which doesn't set well w/me.

She also stated that a appraisers will fudge their numbers to appease the bank/owner in getting the loan.

Does this sound right? Should I have it re-appraised? Is there a difference btwn a re-fi appraisal and "selling appraisal"?

First time seller - please help

2007-02-20 04:35:20 · 6 answers · asked by jodeerob 2

2007-02-20 04:24:27 · 13 answers · asked by Joe U Know 2

My partner and I separated 2 years ago (we weren,t married) and I had to re-mortgage to give him £10k to leave. The house was and still is in both our names but I have decided it would be wise to get his name off the title deeds. I am financially able to pay the mortgage on my own and have been doing so. Could someone please tell approximately how much it would cost me including solictors fees etc do do this and also would my ex partner need his own solicitor even though he is willing to co-operate fully in removing his name from the mortgage. Thanks to anyone who can help.

2007-02-20 04:20:28 · 1 answers · asked by Elaine J 1

What is the difference between co-op or condo in NYC. My girlfriend told me that you have to pass a board, which can be extremely strict . She also said that you have to have social and character or personal references. Which is usually more expensive and which is more reasonable.

2007-02-20 04:20:16 · 1 answers · asked by Jennaba9048 1

2007-02-20 04:12:29 · 8 answers · asked by sharondsanders 1

Does anyone know anything about buying land in Argentina?The legalities etc, my brother who lives in Ireland wishes to buy land to build on in the near future are there any loopholes he should be aware of as a non resident? Any info would be appreciated!

2007-02-20 04:09:44 · 1 answers · asked by jan b 2

2007-02-20 04:01:03 · 16 answers · asked by CONNIE A 2

but in better words..

2007-02-20 03:59:35 · 3 answers · asked by ashleyw845 1

My husband and I would love to buy a home but we have no money for a downpayment and can not afford to pay more then $600 a month including the insurance on the house. Is there any way we could do this? And if so how? We'd really like to have a nice place to raise our children.(Not that the place we live now isn't nice just not ours were renters) Is there any way we can do this? we pay every bill on time including our rent.

2007-02-20 03:51:51 · 12 answers · asked by Kellie R 4

I can't take my roommate anymore. I am tired of babysitting her kids and she can be irresponsible. I will feel bad for the kids but I have kids of my own that I have to take care of. I have those kids 24/7 because of her job. I have been doing this for over and year and I am TIRED. She doesn't pay me and I have ask her too but she is wasteful with her money and is never able to pay me consistently. I have to get out of this lease before I have a nervous break down. I called the rental agency and they told me to wait until the least is up but that is in November. I can't wait that long. I have no life. Plus I am taking 2 classes. I am stress the f*** out and my kids are miserably. What can I do? Please help.

2007-02-20 03:41:59 · 12 answers · asked by Changing 1

I'm From NYC
I Make 40,500 every years . I pay 1028.00 every month in bills my brother make bet 30,000 and 40,000 but have bad credit and my mother she have one new job but make lest that 30,000. she pay about 900 in bills. every month
do i have Qualification to get pre-approved to buy 1, 2 or 3 family house.
i How to get pre-approved and find the right program to suit my needs

2007-02-20 03:37:55 · 5 answers · asked by Anonymous

I inherented the house... he has offed me 100,000 down.. bal 500,000 at 6% interest for 5 or 10 years what do I do to protect myself if I take this offer?

2007-02-20 03:36:36 · 4 answers · asked by sharryker 1

2007-02-20 03:28:17 · 8 answers · asked by the man 1

2007-02-20 03:14:23 · 10 answers · asked by Anonymous

Name and address of the people who own a motorhome in the uk

2007-02-20 03:11:37 · 6 answers · asked by Ron 1

2007-02-20 02:42:59 · 12 answers · asked by linda c 1

I've lived in house for a year, I want to sell it, we need more room, will my value be very low on the house, should I stay for 2 years?

2007-02-20 02:38:04 · 3 answers · asked by lil tee 1

What are the chances of getting approved for a loan to buy a house with a credit score of 597? just curious, thanks.

2007-02-20 02:28:27 · 9 answers · asked by domsmom701 3