Renting & Real Estate - June 2007

Pro’s and Cons of each:

Beautiful home is in a historic district, within minutes of my new job and is ready to move in. Crime is high- within blocks of the house. My family is very concerned about my choice which may impact how often they visit me (I really like my family). With no work required and just maintain it in good condition I can sell it and move when I finish my college studies in 2 years and if I no decide to change my job again. I would own this by myself with a mortgage (in addition to maintaining my other home).

House in ill repair; it needs to be gutted and completely remodeled (which my family and I have done before in out last home with very good results). Beautiful homes with manicured lawns surrounding it that are worth more than I will ever afford, but this house with its large half acre lot is low because someone must buy it out of pocket. It is about a half hour (during heavy traffic) to my new job. I would need either to gut this house and make many repairs or (the township) wants it demolished and a new home built there but will allow me to place a temporary nice mobile home there to live-in in the mean time- my family feels this is the better thing to do and will go in with me on the cost and ownership and try to sell it within 2 years.


I moved here for a new job and I am in college taking a full semester study load. I will be living in the house alone, but I have family that lives in the area.

2007-06-14 02:37:56 · 9 answers · asked by Traveler 4

My home has been on the market for a month. The price is we feel is fair, but the agents posted only one picture of my home on one website with a skimpy discription and after a month we have recieved no response. I have only spoke to the agents three times and now not at all. What can I do?

2007-06-14 01:27:11 · 12 answers · asked by grnigirl1999 2

Just out of curiosity, really, and to hopefully ease my anxiety... the home we made an offer on is subject to a short sale. The bank agreed to the listing price, which was pretty low, and we met the price in full on our offer, which was made a week ago. The sellers have accepted but we're still waiting for the bank to approve. Our realtor says he's pretty certain the bank will agree because if they don't, it doesn't look good for them because they agreed to the listing price. Of course, the bank could come back and ask for more money and my question is, is that a common thing? Anyone have an experience where this happened?

Although we currently own a home (which we intend to rent out), my husband bought it before I knew him so this is my first home purchase (we need to move closer to my stepdaughter's school ) and I'm anxious. The house is perfect! Oh, and for the record, we've already been approved by our bank.


Thanks!

2007-06-14 00:11:04 · 4 answers · asked by Kimberly K 2

I always thought this was a joke until I got the disclosure statement from my agent.

It asks if their is any paranomral activity in my home such as alien sightings or ghosts,etc.?

It also asks if anyone has ever died in the home?

If anyone ever has to answer yes to these questions, won't it likely kills any likley sale?

And who would answer yes andhow the hell would they ever know?

Suppose your great Aunt Martha died at age 96, you mean you have to report this??????

Or that night your came in late a swore you saw felt someone looking at you? You have to report this?

How would a potential home buyer ever know anyhow?

2007-06-13 23:32:53 · 5 answers · asked by Jimmy Craig 1

Its purely out of curiosity to settle a "discussion" my partner and I had recently!

2007-06-13 23:07:58 · 2 answers · asked by candyfloss302000 1

2007-06-13 22:57:08 · 1 answers · asked by V M 1

I'm about to send in an application for an apartment on my and my roommates behalf. The roommate is out of town and hasn't seen the place, so I feel very responsible for anything that goes wrong.
The application asks for typical info, but it also asks for my bank account numbers- this seems off to me (I've read that some places like to wire your deposit back to you, but it still seems weird). It also asks for a deposit and first month's rent in the form of a cashier's check, money order or certified check, which will make the agreement binding pending approval. Is this safe? Those are basically cash-in-hand forms, so it makes me nervous having no recourse.
Lastly, for any DC natives, the place is betwee 14th and 15th NW just north of W ST NW, right by Meridian Hill Park. Any big caveats to the neighborhood? I know its "transitional" but its transitioning in the right direction as far as I can tell.

2007-06-13 22:50:04 · 5 answers · asked by Anonymous

2007-06-13 22:47:04 · 5 answers · asked by audi A6. 1

I was FSBO for two months. I came very close to finding my own buyer. I was also showing my home 4-5 times per week. I had it priced $53,000 below a recent appraisal.

I get talked into listing the home via an agent at 6%. We drop the price, per his advice even lower. He slaps up a sign, sticks on the MLS and is never heard from again. In two weeks we have not even had one call, or showing!

I was placing huge full photo ads all over the web and getting great response, he does nothing but place it on his personal site that gets a whopping 18 hits a day.

He also asked me to stop placing my own ads on the web as it may "conflict" with his ads???????????

What the heck good is an agent then?

I specifically told him, I was capable of advertising and showing the home, but I was bringing him in, to network with other agents. So he sticks it in the MLS and that's it? For $200 there are brokers that can do that for you? So what? What a joke.

2007-06-13 22:25:25 · 3 answers · asked by Jimmy Craig 1

2007-06-13 21:17:22 · 5 answers · asked by Dollars and Sense 2

The attorney for the plaintiff has locked the property doors and I have no access to the property during the redemption period. Is this legal? He (the attorney) will not return my calls or answer my certified letters. I would like to put the property (Lake Property) up for sale since we are going in to summer in Michigan. What recourse do I have? Note: The property brought about $9000.00 less at the sheriffs sale than what I owe on it, so the lienholder will want that $9000 after the redemption period is over. The sheriffs sale was in March 2007, it is now June 2007 and I don't know who to contact. Any help would be greatly appreciated!

2007-06-13 16:43:38 · 4 answers · asked by gregwhatshisname 2

I am wanting to move because of being very unhappy with where im at. But my landlord wants 3 months rent in advance to break the lease. Someone mentioned subleasing but i dont know what you have to do or go about doing to do this. so if anyone can help it would be greatly appreciated. Thanks.

2007-06-13 16:33:20 · 3 answers · asked by ash51587 1

My wife and I are currently living in an awsome R.V park that is run by this wonderful but fairly new manager, she has a tenent that is way behind in rent and needs to evict them but is unsure of the time she needs to give them to leave. She is confused because the time frame is different than for a mobile home but not certain how different. She came to us because she trusts our judgement, but in this area we are both in the dark. The state is California, I'm certain that may help in deciding the answer. Any help or suggestions would be very much appreciated.

2007-06-13 16:29:52 · 1 answers · asked by lover_m47 2

We got an offer on our house but the realtor said something about us having to pay the rest of the year's taxes. Is this common or just something that can be part of an offer? They offered 4k less than what we have it on the market for. But, if we have to pay the rest of the taxes...then we are going to need a little more than what they are offering us. Thanks

2007-06-13 16:17:12 · 6 answers · asked by Angie M 1

2007-06-13 16:00:26 · 8 answers · asked by JAYC 1

I am getting worried because our realtor showed us 4 homes in a subdivision that we liked. We wrote offers on all of them and have submitted them. One of the homes came back way too fast and accepted all of our terms and then we got worried that the home may be overpriced and that is why they are so hurried. We signed the offer and the sellers signed the offer and my realtor has a copy of it but she has not put a Binding Agreement date or acceptance date on it yet but all parties have signed it. She is says she is waiting on a response from the other offers before she sends it back to them. If the other offers are accepted and I like one of those better, will I owe any earnest money to the first sellers since they accepted our offer but we have not sent it back to them? How do I get out of that offer?

2007-06-13 15:59:06 · 6 answers · asked by chocolatebabycakes 4

As everybody knows this is a pretty major purchase. We are buying the house that is owned by a realtor. She buys houses , fixes them up and sells them. It's a great house and we are getting excited! The seller is rather unfriendly and doesn't answer emails, etc. She loves this house and actually offered to pay us a rather large amount to back out of the purchase!

Now that the closing is approaching I'm concerned about many details, important ones, that we have not considered (we don't have a realtor representing us!). I am not good at this type of thing...at all!!! My husband doesn't seem interested...period. He has a lot going on with his business, etc.

Does anyone have any important details that I could "take to the table"? Are there any "emergency" kinds of things that I should be done early on??

Thanks for any info. out there!!!

2007-06-13 15:18:24 · 6 answers · asked by Eve 4

When me and my husband purchased our home we were green to the whole buying process. We found a mortgage company that would qualify us for a home loan, we were just happy to finally have our home, needless to say two years later we wanted to refinance our home and we find out we have a second mortgage (an 80/20) no one explained this to us at the time, nothing was said. Is their anything I can do legally?

2007-06-13 14:59:19 · 10 answers · asked by mommy soprano 1

Is the landlord responsible or the person who is renting the apartment ? I live in NY if anyone knows the law .RE: The above

2007-06-13 14:57:08 · 6 answers · asked by mouse 1

2007-06-13 14:31:41 · 3 answers · asked by Gump 1

2007-06-13 12:50:20 · 1 answers · asked by Anonymous

I am SO neurotic! Most people would have just thrown this away by now or paid it, but I really would like advice!
IN July of 2004 (3 years ago now), My band was renting a rehearsal studio for 400 bucks a month with a 200 dollar deposit.
We did not give notice, when we left, however, we did clean the place up very nicely, and left the deposit. They sent out a letter in December '04 saying..."you have failed togive proper notice and your security deposit of $195 only covers one half of themonth's rent. Please send a money order of $195 to the address above ASAP. ..." Blah blah blah we'll ruin your credit, and they do have my social security number on the contract.
The contract clause he is citing states This lease is a month-to-month agreement. Tenant must give four (4) weeks notice in writing within the first five days of the month, prior to moving out or will be held financially responsible for any money lost by ...us during that time".

I never paid the extra 200$. I mean, th

2007-06-13 12:34:50 · 7 answers · asked by ♥♫♥♫♥♫♥♫♥♫ 3

me and my wife are moving soon, but i'd like to know if it's better if we move to a 3 bedroom apt or 3. I sometimes work from home, but not really. We can afford 3 bedroom, but we want to buy a house in a year or 2. Give me your thoughts.

2007-06-13 11:49:00 · 5 answers · asked by cardo11 3

2007-06-13 10:47:18 · 11 answers · asked by Anonymous

2007-06-13 10:32:30 · 3 answers · asked by Anonymous

She has been avoiding me and my phone calls... I really need my deposit I left her house clean the way she gave it to me. What should I do next?

2007-06-13 10:26:53 · 10 answers · asked by Anonymous

2007-06-13 10:18:19 · 1 answers · asked by Anonymous

I have some commercial space I am trying to lease up, does anyone know any good websites for people looking for commercial space?

2007-06-13 10:10:33 · 5 answers · asked by WonderWoman 1

2007-06-13 10:07:51 · 3 answers · asked by Nancy C 1

Should my fiance and I sell, rent, or, keep her one bedroom condo. If we sell it she's going to lose a lot of money. If we keep it and rent it out the rent she'll get won't cover the mortgage, and if we keep it, it means selling my larger, almsot paid off with a smaller mortgage condo. What should we do?

2007-06-13 09:47:00 · 8 answers · asked by goo 6