Renting & Real Estate - June 2007

We liked a house. We put in the offer, got a counter offer ( Seller reduced by 1%). We countered at 5% below the asking price and didn't get a counter-offer back from the seller. Although, we would lhave gone 3% below the asking price. I'm not too comforatable with the idea of us climbing up towards their asking price and seller staying where they are. Our offer is very clean with just a home inspection contingency. We're putting 20% down and got a preapproval. We are first time home buyers. I think the house is priced right. I personally don't want to pay close to the asking price when the house has been in the market for 8+ months. What to do ?

2007-06-17 05:40:00 · 13 answers · asked by Bike Lover 1

trying to not have them pay too much tax penalty. Parent does not want to show too much money.

2007-06-17 05:04:48 · 3 answers · asked by Beverly L 1

or is it better to try and find a job first the get a home :)

2007-06-17 04:51:38 · 3 answers · asked by dodge 1

i and my friend had leased a house for fixed term of 3 yrs and after 1 year we decided to move out from the house and we discussed the matter with our landlord and landlord agreed to let us move out from house and he gave us a paper mentioning terms and condition like : we will pay rent till so and so date, we will show the place to new tenents etc & we & landlord signed the paper & landlord got new tenant before we left the place and the new lease was signed.
but due to some reason the new tenant was not able to move in the house & cancelled the lease, now the landlord has given us eviction notice, so can any 1 advise me that can landlord give us eviction notice : even if he got a new tenant & we moved out of the premises as agreed with landlord
& can landlord take any legal action on old tenant when the new lease has been signed and the landlord got new tenent

2007-06-17 04:22:44 · 4 answers · asked by tenant 1

The loan is for $155,000, but the house is appraised for $175,000, how do i get rid of PMI at closing?

2007-06-17 04:10:48 · 7 answers · asked by dotekeshia05@sbcglobal.net 1

My lease expires on August 9 and I have to pay well over the prorated rent for 9 days for the month of August. I thought you calculated prorates by dividing your rent by the number of days in the month. My landlord told me my rent is higher than this because she prorates by 360 days, not by days of the month and that she does this to prevent me from paying for more than 5 days I won't be living in the apartment. I don't understand this logic or definition of prorration at all. I pay rent on a monthly basis, too, so what dollar amount is she dividing by 360 days? I think I'm being scammed!

2007-06-17 03:47:06 · 4 answers · asked by Sarah C 1

EXAMPLES: repossed, seized cars , new, used, car auctions, etc.

2007-06-17 01:45:20 · 4 answers · asked by Anonymous

Is there a legal form we can fill out showing 75/25 vested interested in the property? Every website I go to says lawyer can draw up agreement for about 300 dollars. Can't we just do our own and have it notorized? Is there a free form we can print online? Does it need to be filed with the County or just kept in files in the event of a breakup? Every penny counts.. we'd like to complete ourselves. Thanks for your help!

2007-06-16 20:55:03 · 6 answers · asked by Jennifer R 1

2007-06-16 17:59:05 · 1 answers · asked by smalls 1

I am looking for a site for average prices of each province/location of each year.

2007-06-16 17:07:31 · 2 answers · asked by yuwang820 2

2007-06-16 15:38:57 · 4 answers · asked by Michelle 1

Relative has home I'd like to purchase . Credit is bad. Lived with for 2 yr

2007-06-16 15:32:24 · 5 answers · asked by Anonymous

What advantages/disadvantages are there to taking out an interest only mortgage, if: I plan on living in the house for only a couple of years, I do not make any payments on the principle, and I sell the house/mortgage after a couple of years?

2007-06-16 15:27:31 · 5 answers · asked by thepunit02 3

2007-06-16 15:26:35 · 3 answers · asked by Richi 1

I moved into my apt in jan 07 signed a lease that said 600, a monnth I get a letter today saying my rent goes up 50 bucks starting august 1. Is this ok for my landlord to do that, I am kinda ticked about it

2007-06-16 15:17:03 · 9 answers · asked by Dave 3

There is a house that is priced in the $500's and now it is being offered in the $300's. Let me know what you think...
Thanks...

2007-06-16 15:09:38 · 7 answers · asked by whiterose3526 2

2007-06-16 14:09:36 · 8 answers · asked by QUIANA C 1

as a social off road buggy club we use private property for our outings the owner is worried about being sued if someone has an accident,as a club we have been unable to obtain public liability insurance that we can afford, if we lease the property can he be held responsible? also does a lease agreement need to be registered?

2007-06-16 13:53:06 · 2 answers · asked by Anonymous

In th UK. Thanks

2007-06-16 13:46:38 · 4 answers · asked by Paula O 2

how do you buy property outside the country and finding financing here in the U.S and where can I start.

2007-06-16 11:56:55 · 7 answers · asked by uatafoya 2

1. mow the very large lawn
2. shovel the snow
3. call for my own recycling bin
4. let the painter/electrician in once a week for the next few weeks b/c the renovations were not completed by the time they requested we move in (we wanted to move in 2 weeks later)
5. deal with the basement which smells like cat spray and has crumbling cement walls

p.s. our landlords are actually quite nice, and the place is too. but they just bought the place, and i think they are somewhat new to being landlords. is all this stuff just stuff i deal with because i am here for at least 1 year?

2007-06-16 11:51:14 · 5 answers · asked by mary tyler moo 3

what would the monthly expences be for a 1 million dollar apartment building with 10% down in Brooklyn vs San Francisco?

2007-06-16 11:50:31 · 4 answers · asked by alan p 1

2007-06-16 10:58:59 · 5 answers · asked by Anonymous

i'm not sure how to do the math in order to calculate a mortgage payment. if i'm interested in a house that's 150,000 and i'm able to put down $30,000 and i got a mortgage rate of 6%, what is the monthly payment on this? and how do i do the math so that i can estimate on other properties that i might see? is there a formula?

2007-06-16 10:41:01 · 10 answers · asked by anon 1

well i know about the basic things like do ur own maintenance work and mowing etc.
What i really want is a comparision in terms of financial benefits in the long term as well as short term. Are we better of owning our own house in the long term or not
Also i would like to know about all the hidden costs that come with owning our own house.

2007-06-16 08:50:53 · 8 answers · asked by Anonymous

I need to rent a car for five days. just so i could be mobile and take care of some bisness. i saw an advertisement for $8.00 a day. i clicked on the add and it came up $191.00 for five days locally. someone point me to an advertisment that's not a conplete lie.

2007-06-16 08:48:12 · 2 answers · asked by dillydoll727 2

on 6/14/07 i received a letter stating that they are keeping the money oreder of rent incashed and in a escrow account till i either move out or it goes on with the court date for the eviction..i dont get it..they still accpet the rent but still want to go on with evicting me even thjough in my file there are no complaints of any sort.just this thing with the rent..my lease ends in august...so now what..i have a new born baby which i am on FAMILY MEDICAL LEAVE ACT FOR and a 3 year old..what to do..postive answers only to help me..nothing negative thanks everyone for there time

2007-06-16 07:51:39 · 14 answers · asked by bubbles2421 2

I have a home loan that I've made 8 payments on so far. The initial loan amount was for $139,650 at a simple interest rate of 8.5%. The interest accrues on a yearly basis. The bank calculated my monthly payment to be $1,130 / month. Alright, so I'm getting ready to sell the house and I call up the bank to ask how much I still owe on the house. They tell me $139,400. That's only $250 that I've paid off after paying 8 payments of $1,130 (which is $9,040)! I've done this calculation: I = PRT, which gives I = $139,650 * 0.085 * 1 = $11,870.25 of interest this year. $11,870.25 / 12 = $989.19 of interest per month. This should mean I'm paying $1,130 - $989.19 = $140.81 of principle per month, which is about $1,125 over the course of 8 payments! So why have I only paid $250 towards the principle? What am I missing here?

2007-06-16 06:56:03 · 8 answers · asked by Barry D 2

My husband and i have been renting for nearly a year we have 4 children, our tenancy is due to be over at the end of July, instead of renewing the tenancy the Landlord has served a Section 21 on us asking us to leave becuase a former tenant wants to move back in. Even though we have looked after the house and there are no rent arrears, he is still making me and my husband and 4 children homeless becuase he wants a previous tenant to move back in. Does anyone know my rights?

2007-06-16 06:42:12 · 10 answers · asked by Buffy 2

2007-06-16 06:28:00 · 6 answers · asked by earth angel 4