Renting & Real Estate - August 2007

Please, renters and apartment owners, I am not requesting your answers at this time. I still love you, though. :-)

My husband and I will be making a NET income of $57,000 next year and we want to buy a house. I want to see what other people are doing and what they can afford with their income -- I'm tired of doing calculations and guessing. I want to hear what you REAL people are doing/affording. How much do you make, and what does your house cost?

Feel free to add your debt/monthly payments/how comfortable you are with your bills, etc. I just want a FEEL. Thanks. :-)

2007-08-19 07:40:35 · 9 answers · asked by Sara 3

2007-08-19 07:35:41 · 7 answers · asked by earth angel 4

There are some new condos in my area that are selling in the low $300K range. By the time they go on sale, I would have about $10K in savings. I would also plan on living there for only about two years, before my significant other and I buy a home together.

My first question - do you think it'd be worth it? I don't want to rent, but I also don't want to waste my money on a condo I'd only live in for a relatively short time.

Second question - if it WOULD be worth it, would I have enough money to put a down payment on it? What kind of loan/mortgage would I have to get for it, and how long would I be paying it off? If I sold the condo after two years, would I likely get my money back for it?

Please use the most baisc layman terms you can, and please explain any mortgage/loan terms, as I'm not at all familiar with them. Thanks!

2007-08-19 07:15:42 · 6 answers · asked by BeatriceBatten 7

How can I get maps of the lots of properties that I am looking at ? w/o contacting each of the listing agents?

Thanks

2007-08-19 07:08:31 · 4 answers · asked by Kip M 1

2007-08-19 06:57:50 · 5 answers · asked by Dante G 1

I heard about transferring deed to an LLC that to protect the property from my husband claiming it after divorce.Can someone tell me how an LLC works and if its legal and how to do it?

2007-08-19 06:45:25 · 8 answers · asked by Gucci 2

My co worker went to try to refi her house. She and her husband are separated and she needs a lower house pmt. When they bought the house they weren't married yet and had it titled as a single person, joint tenants in common. They had since gotten married and then separated. When she asked about refinancing she found out that her estranged husband had taken out a 2nd mtg. without her knowing it and had it titled as a single person when he is still legally married to her. They told her if she wanted to refi she would have to pay off the 2nd as well. Can he legally do that?

2007-08-19 05:05:54 · 6 answers · asked by Anonymous

what are the problems encountered in a contract claims and disputes? who are the people involved in a contract dispute and how long will it take to resolve a contract dispute?

2007-08-19 04:50:04 · 1 answers · asked by kaye t 1

Of course I will need a mortgage contingency and a provision for inspecting the house etc. What others could you think of?

2007-08-19 04:16:41 · 7 answers · asked by seeker212 1

I live in NC. Im not sure if that matters. Anyways, my friend is looking for a house and he has gone with someone who has just finished up their realestate classes and recieved their license. The realator calls my friend and tells him "Hey I got a number of a guy YOU need to call and talk to...I think he will give you a good rate." He has yet to help him even FIND a mortgage company. I dont think my friend knows where to start. he assumed and so did I that the agent was supposed to help with that. Am I wrong or should the agent be taking the personal information to find him a lendor or at least giving him a list or lenders to contact?
Thanks for all your kind answers!

2007-08-19 03:58:25 · 17 answers · asked by A little Southern Comfort 5

We repainted our entire home 6 years ago before we moved in. We painted one room a deep dark green color called forest green. It is pretty harsh.... How should we go about repainting it? Maybe prime it first, then repaint with a neutral color? Also, we have baby borders with matching curtains up in two rooms. Should be take all the wall and border stuff down and put up regular curtains? Would it make it harder to sell if we left them up? Thanks in advance for the advice :o)

2007-08-19 03:49:35 · 7 answers · asked by luvmy2kids 3

I will be seeing this house today from a realtor who actually owns the house. She says she is selling this unit b/c she needs to live with her elderly parents. Other than that she is telling me how great the house is. How far can I bargain with the price without offending her? It is out for $358,000. How low do you think I can get it for in a buyers market in Colorado. And how much is mortgage rates? I have a credit score of low 700's... Any advice is appreciated, I am a first time buyer.

2007-08-19 03:43:42 · 11 answers · asked by answers 1

I want to buy this NEW house from DR HORTON at full price but they say that I can only buy as Primary home or secondary home.

If I buy as secondary home but rent it out, will the builder take any action. DO THEY IMPLEMENT THESE CLAUSES? My agent says that they don't come back and check.

What is your experience?

2007-08-19 03:37:02 · 3 answers · asked by Alpha Bravo Charlie 2

I need to move on saturday... :-)

2007-08-19 03:36:56 · 2 answers · asked by AndreaNYC 4

im looking at a bit of land and the person got it about three years ago surly this must be listed somewere many thanks

2007-08-19 03:12:37 · 2 answers · asked by ghandi 2

I have a lot 1/2 acre with a two story work building. Someone is interested cause they know we are going to sell within the next two years. She said she wanted to get the land assessed without the building value. This does not make sense to me. I fear it could undermine my selling efforts in the future because it is a commercial property with 40 year retail history. I think she just wants it dirt cheap. I dont want her premature assessment to taint any future buyers.

2007-08-19 02:41:44 · 5 answers · asked by bucky 1

The stock market recently plunged. There was a great deal of "pain" on Wall Street, as the wealthier percentage of our citizens and Corporate traders went into a panic. Not once, but several times, the Feds poured money out to rescue the market. However, there was no bail-out for the homeowners losing their homes, the mortgage foreclosures that caused the stockmarket plunge. Is it right for the Feds to bail out wealthier investors, while ignoring the plight of citizens unable to pay their mortgage costs, using their tax money to do it?

2007-08-19 02:39:17 · 12 answers · asked by Me, Too 6

I am renting my house and this couple have american names, but they are not born Americans. I believe and smell something wrong. The ids can be fake too. Where to find this info? And about theei phone numbers address and mail address in sacramento. How to check if that address really exists? Thanks all!

2007-08-19 02:18:10 · 7 answers · asked by Fast Pace 4

I own the land where my trailer is located on. The land is in a trailer park, however I do own it. We do pay the tax bill on it, and all the bills associated with the land. I have 2 lawnmowers sitting on my property next to my garage, with a tarp over them. My question is can someone make me move them, or are they free to sit there?

2007-08-19 02:13:24 · 7 answers · asked by A girl looking for answers 1

I am seriously thinking of buying my first home. Where do I start?

2007-08-19 01:57:26 · 10 answers · asked by Kita 6

2007-08-18 21:34:31 · 5 answers · asked by elangarreg 1

I live in Las Vegas, NV and am purchasing a home. I want to go VA, because I don't want to put anything down. However, my current lender-to-be is including mortgage insurance. I was told that VA loans don't typically need PMI. I am wondering if I am getting screwed...

2007-08-18 16:47:04 · 11 answers · asked by Lord Death 1

what is "unethical" yet also beneficial for the agent?

2007-08-18 16:39:06 · 8 answers · asked by Anonymous

who makes more and whats the difference?

2007-08-18 15:50:33 · 8 answers · asked by Anonymous

In really really simple terms, please tell me why I have an escrow acct, after buying a house, and what is it used for? I pay the homeowner's insurance myself now, so that's not what it's for. Is it money set aside for future investments, like buying another house or getting a loan? We've owned the house for 10 yrs now. If we sell this house, what becomes of the escrow acct? Is it my money? If it's the bank's money, why is it my account??? Where did this come from in the first place??? Remember, please keep it simple. Thanks!

2007-08-18 15:34:39 · 5 answers · asked by Anonymous

I rent in California?

I have lived at my unit for almost 2 years and have been through 3 owners. I recently recived a notice of eviction giving me 60 days to leave. I just finished initial walk-through.

The only finding that they noted was that they are going to charge me to repaint my kids room. My kids room is pink and purple and they want it a neutral color to re-rent it out.

Can they charge me or deduct this from my deposit?

2007-08-18 15:31:00 · 5 answers · asked by Lost I 1

I bought an home in 11/06 and sent the payments in monthly, the mortgage company I originally went through sold my mortgage to another company. I sent my payment to the original company and it was returned. I then sent the payment to the new loan holder and it was returned also, with the note no loan found I have since had three payments returned, and neither company has an record of my mortgage. No communication of default or foreclosure has been recieved. There is no record of mortgage on my credit report whatsoever. What course of action should I take? Please help. Thank you.

2007-08-18 14:56:27 · 13 answers · asked by Jeff M 2

The price that is listed on the net is that the price you pay to own the house or is that the amount of money that the previous owners got the house repoed?

2007-08-18 14:56:19 · 3 answers · asked by nosaj81_2007 1

2007-08-18 14:47:43 · 1 answers · asked by Anonymous

It's not that big of a house. The previous owner's stripped the copper piping from under the house.

(that's another side question.. isn't copper only found in older houses?)

I have some friends in this business that will work for $10/hr to get the work done. But how long could it possibly take? I can finance all the supplies that will be needed.. just the labor is starting to freighten me.

2007-08-18 14:43:17 · 4 answers · asked by PlasticTrees 2