Renting & Real Estate - June 2007

What is the motivation for a buyer or seller to purchase or sell Real Estate with out the assistance of a professional? For sellers it is mainly due to the commision? Buyers don't have to pay for the services provided by a Realtor so why not?

2007-06-02 20:54:28 · 6 answers · asked by Rosie 4

We are supposed to be closing on a house ( we got financing & a co-signer),we were supposed to close last week but we were held up because they did 2 inspections,1 I think last month (the mortgage broker guy was there,so I dunno why)
by a contractor,& they got an estimate to the seller how much it will cost (they are taking the money out after the closing to pay for the repairs,they will put it in "escrow" under the attorney's control,then last week there was ANOTHER inspection,which is why we were delayed,they finally recieved the updated inspection report & the permit. That's all we were waiting for;now the closing SHOULD happen next week. What day do they usually have closings? They said something about Tuesday..
I want to get it over with already..one way or the other. What if they delay it another week? I'm worried..
Hope you understand the situation a little better (O & we are the buyers)
N.

2007-06-02 20:48:07 · 6 answers · asked by Anonymous

I found a home for sale for $36,000, this is less than 1/2 of the appraised value. The owner lives about 6 hrs away and he recently had a heartattack and now doesn't want to deal with the home and property (about 1/4 of an acre). Also, he was renting it. He redid the master bath and his tenants really liked it so they asked if they could redo the entire house. he said yes so they knocked out every wall. The home is completley gutted. I see this as being a way to redo the home to my likings, and honestly I'm excited about it. I know the money and the work involved so please don't preach that to me. it is a 4 bedroom 2 bath, over 2000 sq ft. Within the past few yrs it has had new vinyle siding put on and the electrical has completley been upgraded. Now, other than the walls the porch needs redone. and I'll replace the windows (theyre the old fashioned narow kind). We have had the place checked over and there is nothing wrong. and about 1/4 of the insulation and drywall is there. so?

2007-06-02 20:35:23 · 6 answers · asked by Jen 2

can my homeboy and his girlfriend still get kicked out if her name isnt on the apartment lease but they have a baby together and she is staying there also if they dont' feel safe in there resident for what ever reason can they break the lease without getting charged or having it put on his renters record

2007-06-02 20:23:31 · 5 answers · asked by Anonymous

My husband was just asked to move to the London office located in Trafalgar Square ( please excuse the spelling) from the U.S.A.. We currently have three cars, a 5 bedroom home and we are able to travel several times throughout the year. I don't want to lose my standard of living too much with this move. What is a nice ( not rediculous) monthly salary for a family of 5? We want to be able to travel around the United Kingdom and France at least one weekend a month. I am concerned about the price for schools also. Speaking of children, I never hear much about children in London, is there much for them to do? I assume there are mother groups in London just like in the U.S.?

2007-06-02 19:51:54 · 12 answers · asked by Kalendra K 2

I want to know if my friends boyfriend and her are staying together and her name isn't on lease can she get put out if they have a child together

secondley if she does put her name on the lease will the rent increase because they have a child
and also can a a manager increase the rent if 2 people are married and living together

I hope the way I worded this makes sense

2007-06-02 19:30:08 · 4 answers · asked by Anonymous

There's many I want to keep. How do I find peace with him about this?

2007-06-02 19:05:50 · 5 answers · asked by Bronweyn 3

on behalf of a potential client?

For example, Jane visits a real estate office and asks for John(agent) who showed her couple of houses before. Jane asks John if he'll submit a low-ball offer on a house on behalf of her. If John refuses because there's probably no chance that the seller will accept, will John get into trouble with department of real estate? Remember, Jane didn't write or sign any paper work with John yet.

2007-06-02 16:52:29 · 5 answers · asked by Anonymous

I don't want to be a day trader. I don't want to buy securities with the expectation of selling them a month or 2 later. I'm seeking 15% annual returns over 5 to 10 years. Is that unreasonable?

What online brokerage is best? And what's the best research site out there?

I like Yahoo Finance. I also like Morningstar. I also really like TheStreet.com

2007-06-02 15:56:37 · 2 answers · asked by MississippiSam 2

I own a two family home in which I live in. I need home repair and paying the bills and the mortgage is a challenge. I tried to use my upper home unit as a rental as another source of income, but the tenants either never paid all of their share of the rent or never paid at all. Are there any websites or resources that can help a low income person to help with home repairs?

2007-06-02 15:04:12 · 3 answers · asked by shybutnaughty 1

I signed a contract with the agent and have had only 1 showing (3 hours after signing) in almost 3 weeks. He hasn't called to say if anyone has called on the house, set up any showings, or anything. I called the number he has listed on the sign in my yard and left voicemail asking him to call back with some sort of update. That was nearly 12 hours ago, and he hasn't called. Makes me wonder if any passer by called the number and hasn't gotten a return call. At any rate, what options do I have? Am I stuck with the agent for 90 days (and 90 days after he still gets his commission if we sell it) no matter what he does (or doesn't do)?

2007-06-02 14:56:30 · 9 answers · asked by ty2333 1

finding an agent or a lender?

2007-06-02 13:39:02 · 11 answers · asked by Freakgirl 7

Is one better for the seller than another?

2007-06-02 13:26:11 · 3 answers · asked by Wildfire 3

2007-06-02 12:55:36 · 7 answers · asked by Matrix 1

it was suppose to be a 15 day escrow that both buyer and seller agreed on.. it is now 28 days escrow.. can i backout and get my deposit back?

2007-06-02 12:45:52 · 8 answers · asked by cj 1

I made a deal to sell my house with a guy for a certain price. A price assuming a 6% discount, because I thought the sale would be without the hindrance of realtors.
This guy "just wanted to run it by a realtor" to make sure he was getting a fair deal, and now the realtor wants to tack on a BS commission.
I said FINE, tack it on to the price, and now we have a stalemate.
I refuse to let a "commission" eat into my profits.
What do you do?

2007-06-02 12:41:39 · 8 answers · asked by Anonymous

I signed a contract on a property with one contingency being that I approved the home inspection. The inspection showed the house was a lemon and I backed out of the contract.

I feel guilty because the real estate agent spent a lot of time with me looking for properties, doing market comps, and other related activities.

Should I send the realtor a check as a thank you for spending time with me even though the deal fell through? If so, how much would be reasonable?

2007-06-02 12:29:46 · 8 answers · asked by MthrNatures_Son 4

One of the three roomies bailed with out paying. He lied to the land lord saying he had lined up another person. the remainding roomie said that he did not want me to replace that roomie, that he would take responsibility, two months later I was told I had to pay $660 in stead of $550, He told me that the rent was only $1350, that I had been over charged and that we could over charge the next roomie! Iasked him (the roomate) what notice I had to give to to leave. I then promised him two month instead of the one he said had to be given. I also found a replacement for my room, she was given the paperwork to by the landlord. She moved in and I assumed she had signed the paperwork. As I looked to replace the guy who left she asked me if her boyfriend could take the lease instead. So he was given paperwork. I drove 45min to meet with all new residents and they said I didn't need to be there and that all was fine. He now tell me he doesn't have her # after seeing her.That is my prob-

2007-06-02 10:55:16 · 7 answers · asked by Anonymous

I am buying a new home in Florida.The purchase price is $1.2 million and real estate taxes for 2006 were $12,506.This will be my first home in the U.S.A and I dont know how real estate taxes work.Is this the amount I have to pay every year ?Can i reclaim the total tax payment on my federal tax return?And when during the year do I have to pay this tax payment and to whom?Hope somone can help THANKS

2007-06-02 10:51:49 · 3 answers · asked by steve j 1

Our apartment has a central air unit. The unit is located in a room that's next to our bedroom. The condinsation from the unit began leaking and it's soaking the floor and walls of our bedroom and living room, we had to move things out of both rooms so that they wouldn't get ruined and we're no longer able to use our central air and it's about 90 degrees in here! There's also mold growing on the walls and the stench is so horrible! We called our landlord and he acted very concerned at first and said he's get someone right on it. Now, he's ignoring us, not returning calls etc, etc. What should we do about this? Should we call someone else?

2007-06-02 10:35:40 · 7 answers · asked by karatoto74 2

I would like to add a metal fence to the front of my house plus make the front yard and the sides of the house on stamped concrete and change the windows to french style windows and paint it. If in the future i want to sell the house...will all these changes increase the value of the house or the price will always be the same no matter what I add to the house?

2007-06-02 10:06:53 · 7 answers · asked by mteresara 2

I live in Michigan, and recently separated from my Significant Other. We rented a house, and had signed a lease each year for the past three years. We did pay first/last/security on the house when we signed the first lease. The last lease, he was the only person on the lease. The lease expires in July 2007, but the landlord wants me out of the house. She will not sign a new lease with me, and she hired a laywer who sent me a letter that stated I was trespassing and I had to move out. I'm not sure whether I am considered a tenant, or not. I can't afford the house, but I don't want to get sued for past rent or any other costs. I did contact a lawyer, and it seems as though the landlord is going to sue me, even though I am moving in a week. Is is possible for me to be sued for any costs, even though I am not considered a tenant by the landlord?

2007-06-02 10:02:11 · 6 answers · asked by Beth 1

If i could find a good check list, should i just inspect my own house instead of paying someone for a general home inspection? They don't have any liability for what they say do they?

2007-06-02 08:02:58 · 18 answers · asked by cupofjoe_84 1

Looking to buy a home in the near future. do you know of any available websites with virtual tours that don't require you to pay for them?? House must be in TRI STATE (NJ< DE

2007-06-02 07:40:04 · 3 answers · asked by applebotum 1

2007-06-02 06:55:53 · 5 answers · asked by Jim M 1

2007-06-02 05:53:51 · 4 answers · asked by Dee 1

Can someone explain the process involved if I sell my house on contingency (I know what the term means)? I'm putting my house on the market soon and am curious what is involved before I do so and look for another house.

2007-06-02 05:23:03 · 6 answers · asked by Elmer F 1

2007-06-02 03:56:13 · 7 answers · asked by 6th Finger 2

in order to be able to live there, I have to make atleast 4 times the amount of what the monthly fee is. Well, I am just a couple hundred short. Do you think I have a chance of sweet talking my way in, or is there no chance for me to do this at all?

2007-06-02 03:06:20 · 7 answers · asked by misscaseyld04 2

2007-06-02 01:47:49 · 8 answers · asked by sue l 1