Renting & Real Estate - December 2007

I need some real estate advice. We closed on our house in San Antonio in August of 2006. The closing price was $139,500. We had to take $5,500 to closing. The actual cost to build our exact same house now, not market value, is $149,000. We have improved by adding some landscaping, painting all rooms, and adding a backsplash in the kitchen. The builder is still building on about 700 more lots in our neighborhood. We want to begin building another home this year on some land we own, but we are not sure how the sell of our current home will pan out. Do you think its possible to sell without any out of pocket expenses considering realtor fees and closing costs? Needless to say, we aren't hoping to make a profit.
I know it all depends on the market, etc. My main concern is the fact that they are still building, and the base price of our home has only increased about $9,000 in a year and a half.

Any professional advice is very appreciated!!!

2007-12-31 18:39:10 · 1 answers · asked by Texas Chic 2

If a house is haunted, do you have to disclose that to a buyer?

2007-12-31 17:10:53 · 7 answers · asked by Philip Augustus 3

hi as i said my landlord is threaten me that he going to kick me out because i am 4 days behind in rent and the thing is that my bank stuffed up my payment and now he is saying that if i do not pay my rent that i owe he will kick me out know i have had no washing machine that goes cause he thinks that he can fix it all the time and with my baby i have lots of clothes and the other thing is he complaning that my ex comes over to much and he help me out cause i had three operations after ihad baby and cant really do much please help!!!

2007-12-31 16:35:26 · 4 answers · asked by Anonymous

Two friends live in a house and are both on the deed. The one whose name is not on the mortgage, and didn't get the financing, wants to kick the other one out. What rights does the mortgagee have? Can she get the other one off the deed? To reiterate: the one trying to put the other one out is on the deed but not the mortgage.

2007-12-31 15:32:06 · 4 answers · asked by Barbara K 2

2007-12-31 14:48:22 · 7 answers · asked by Anonymous

I have owned my home for a little over 1 year (in Alabama). I paid $215,000 for it (paid in cash, no financing needed).
I want to move soon to a bigger house so the house will cost more than my current one.
I was wondering what exactly the 2 year tax law is? Does it apply ALL the time or are there ways to get out of it or not have to pay it?

Thanks in advance.

2007-12-31 14:28:03 · 3 answers · asked by Madison 6

I am alright with paying a pet fee up front now, but NOT if I will have to pay it again when I renew the lease. Any ideas?

2007-12-31 13:35:47 · 6 answers · asked by J 2

When you're showing houses do you ever think or afraid that you might get raped? or killed?
I'm just going in to the business and afraid about it, because i am good looking and i wonder if anyone else feels that way too.

2007-12-31 10:09:13 · 6 answers · asked by just me 2

i.e - staying in a house for a longer period (10+ years) vs a shorter time (2-5 years) ???

what does equity do for you? why do people say its good to build up your equity?

2007-12-31 09:41:18 · 11 answers · asked by kestrelk8 6

2007-12-31 09:40:03 · 6 answers · asked by theaccountiuse 2

Is the site fasthomeoffer.com real. I did a search on google and found nothing.

I want to sell my home fast. My house has been on the market for 4 months. I know the market is doing to well. I just want to get out.

I heard the fasthomeoffer sells your house quick and paid cash.

2007-12-31 09:13:01 · 4 answers · asked by Anonymous

Housing prices for 08, do you think it'll continue to decline. When do you think it'll level off. I'm planning on buying a home in 08. just want to know if i have adequate time. Mainly intereted in NY and NJ area.

2007-12-31 08:11:43 · 4 answers · asked by Oops I did it again~ 1

I am looking at a house that is bank owned. They have it listed for 99.5K however i looked it up and it was forclosed for 55K. My dad thinks i should offer 65K but i think with legal fees, and commisions and such that is not going to fly. My gut says to ask for 75 to 80k with closing cost and expect they may meet me in the middle. The house is in very good shape and only needs some minor work. Most of which can wait a year or two.

2007-12-31 08:06:00 · 6 answers · asked by sweetheart1972 2

I signed a lease to live in a 1 bedroom apt for 6 months. After I moved in, I realized that the apt is too small for us. Plus the apt is on the first floor with 4 AC machines right outside of my window. It was very noisy at night. I did look at the apartment before I signed the lease, but that was a standard unit of 2 bedroom. They said that they don't have anything 1bedroom available to show me then.
I spoke to the apartment manager couple of times that I want to switch to a 2bedroom and upstairs apartment within the same complex. However, she said I already signed the lease, and I can't make any change untill the lease expires. So far, I only lived here for about 3 weeks. I said that I want to breach the lease and move somewhere else, she said that I have pay off all 6 months rent to do so.
What is the legal resolution for this?

2007-12-31 07:48:47 · 6 answers · asked by shinean2001 1

, and wants to come back to live for 3 days before he leaves for good, should i allow this or is his not living in the house for 40 days right to not allow and make him leave????

2007-12-31 07:48:32 · 4 answers · asked by systeck10980 1

We made an offer on a house after we had a preapproval from a mortgage lender with a preferred buyers status since we had such a good credit score and debt to income ratio. The seller said they would not accept our offer until we provided a BFI which from my knowledge is a complete financial work up on us. We even got a commitment from the mortgage company and still the seller would not accept our offer with out seeing our BFI. Is that normal? Because it seems weird to me!

2007-12-31 07:45:49 · 4 answers · asked by Anonymous

I was 17 when I signed my lease, 2 weeks before my 18th birthday. Now I want to move out, just wondering if the lease is even legal to begin with.

2007-12-31 07:20:30 · 6 answers · asked by Anonymous

Tenants gave 30 days notice on Nov. 15th. (they were month to month)
Tenants physically moved out Dec. 15th, but did not return the keys and were in and out for about a week removing their belongings.
December 22nd, tenants returned the keys and we had a walk through. The place was a mess and I voiced my concerns...they just shrugged their shoulders and left.
Now, I know in NY state security deposit must be returned within a "reasonable" time...whatever that means, however my concern is it's going to take me a couple of weeks to get this place in re-rentable condition. It needs extensive cleaning, carpet shampooing, furniture removal (they left most of their furniture behind) and repainting...it looks like they started to paint, but never finished.
My husband and I have been doing the work ourselves and plan on charging the tenant from the security deposit. I don't want to be greedy...but I need to know what would be a reasonable amount to charge the security deposit?

2007-12-31 07:02:14 · 7 answers · asked by LILL 7

is this possible? i dont know if iti s.. thanks

2007-12-31 06:04:51 · 12 answers · asked by Anonymous

$400,000 mortgage no down payment

say 6%

30 yrs, taxes in NJ, insurance,

what kind of payment am I looking at???

im confused on how to calculate it?

2007-12-31 06:04:02 · 8 answers · asked by Anonymous

My husband and I found a home we liked last week. Our agent is on vacation so we did a drive by. We really liked it. Today I found out it was put under agreement on the 24th. SIX days ago. If it's under agreement, can we offer higher and if the seller likes our offer better, can he break the agreement with the other buyers?

2007-12-31 06:01:08 · 8 answers · asked by smitty 2

What is a railcar style apartment? (Looking at apt ads in Brooklyn)

2007-12-31 06:00:30 · 2 answers · asked by PianoPianoPiano 5

2007-12-31 05:59:08 · 4 answers · asked by Msmo 1

We offered a price on a house then they counter offered, we came back with another offer, now our realitor said somebody else put a contract on it too. How is that possible when we were in negotiations? I'm already confused about the whole process, can somebody explain it more?

2007-12-31 05:26:10 · 9 answers · asked by linzgail82 1

I live in ky and me and my husband are trying to purchase the home we have rented for 8 years. Then today we get a call and a company we owe money(tried to settle) put a lien on our rental. How can they put a lein on something we dont even own? So if anyone has awnser I just want to know the legal details to them doing so. The original owners of home are rightly upset and whats worse is its under $500.00.Of course thats money we do not have and time to work out as we must close on the 2nd of January. PLEASE,PLEASE,PLEASE if you have any helpful info.

2007-12-31 05:01:32 · 4 answers · asked by eskimoes27 1

2007-12-31 04:35:05 · 6 answers · asked by cyberchick7_99 1

(I'm referring to bank-owned properties.)
Are they always going for the highest offer? Do they take buyers' credit record, down payment, affordability and all other factors into their consideration?

2007-12-31 04:30:36 · 2 answers · asked by Anonymous

A friend of mine and I decided to make money on a flip. Age old, over budget and now we can't sell. He wants to keep the property. 72,000 bank loan, 25,000 additional note (carried by partner). Property appraises approx. $130,000. Gross rent on the 4 unit apartment complex (2bed/1bath units completely remodeled) is $2000/month. Is $25,000 too steep of an acceptance price for a buy out?

And just to throw this in there. There was no real note drawn up on the $25,000. The money was used to complete the flip and is owed back to the partner when sold, but if he keeps the property he would consider leaving it as equity in the property - but there is no set payment or interest rate applied to it.

If partner doesn't agree to buy out price - are there options of selling my share to someone else willing to be part owner of such a venture?

2007-12-31 04:22:07 · 2 answers · asked by LearningOne 1

If I don't have a buyer agent, how do I check out a for sale property locked with a lockbox?

2007-12-31 03:34:12 · 7 answers · asked by Anonymous

If we split up what are my legal rights? He doesn't want me to pay any mortgage, he said half the bills and food. what are my legal rights?

2007-12-31 03:08:16 · 20 answers · asked by littlemissgio 3