Renting & Real Estate - December 2007

The apartment's rent is $750 a month...I'm living with 2 other roommates, so we are dividing that cost three ways. We'll each owe $250 a month...plus electric ($35 - $50 a month), plus cable t.v. ($30 - $40 a month), plus WiFi internet ($30 - $40 a month). So all together, each of us will owe around $275 a month, roughly.

I make $32,000 a year before taxes and health insurance...I make a $250 car payment per month, and car insurance is $1000 (+ or -) for 6 months.

This is my first time renting (I'm 20), so I want to be sure that I can afford this apartment.

2007-12-14 03:44:07 · 15 answers · asked by Anonymous

I'm buying a new house! I close on Monday! wooo hooo! Not bad for a 26 year old and a 24 year old to be married in June.

House was appraised for $315k (originially listed for $400k a year ago), and we're paying $275k, how's that for a deal?? We got a 6% rate on our 30 yr, fixed mortgage, with 20% down, or $55,000. Not bad eh?? This is in Palm Beach County, Florida.

It will probably go down a bit more, but not much, houses are selling still way above this price, according to the past 3 months of comps, most are selling well into the mid-300's recently.

I think you gotta catch it on the way down, while it's still going down. Otherwise you will miss the botton, how can you possibly know you're at the bottom??? You don't until it's going up!!! And so are the prices, and all the desperate sellers are hopeful!! Too late, there goes your steal. Do you agree?

2007-12-14 03:39:23 · 6 answers · asked by Grisham 3

We will be there for 3 years. Should I rent or buy?. I know it's expensive.. but if we sell the house afterwards it's worth it! I need a place with a yard for my dog so I really don't want to live in an apartment or condo.

2007-12-14 02:48:10 · 1 answers · asked by R. Guetive 4

I am near the end and the bank is asking for letters of explaination for late payments. What happens if I just don't do it. I sort of want to get out of this and would just like them to decline me. It has been a four month process.

2007-12-14 02:16:26 · 13 answers · asked by Coach Pete 2

The reason I ask this is, I am a mortgage broker myself, and I have heard some really outrageous loan proposals by some of my competition, and I was curious of what exactly these other brokers have did. This way I can warn my customers if I recognize a similar scenario as yours.

2007-12-14 02:12:02 · 7 answers · asked by The Dragon 2

I just got an eviction order for some tenants. I'm hoping they just leave so I don't have to file for possession. If they just leave, I am concerned they might get sticky fingers and take air conditioners and tools that are at the house that are listed in the lease as being mine. If they take these items, can I call the cops for robbery? I can prove ownership of everything.

2007-12-14 01:45:21 · 8 answers · asked by drf2684 1

thanks everyone for your answers, i have now realised that ive been conned and the home im renting is infact a reposessed home. I need to know how to contact someone about this as im worried i will get thrown out.

I just want to know how i can get in touch with someone about the house as the landlord clearely wont speak to me and is demanding money from me even though he is no longer the owner.

I would like to speak to someone about the reposession of the house

2007-12-14 00:19:42 · 3 answers · asked by Hannah C 2

Hi you guys..I have a question.Who are the people who decide how much a house will cost?Are that the contractors, the government or the millionaires who buy everything and sell for profit?

Please explain in details..

Say i want to buy 10 new appertments, who do i have to contact and of course make profit with selling the appartments.

No middlemen, but direct business..


thank you

2007-12-13 23:29:56 · 5 answers · asked by mit_drissia 1

I am working on getting my very first apartment! I'm very excited but I don't really know the basics of what I should be asking. I have heard horror stories about hidden charges, fine print, etc..

What I'd like to know is what kind of questions should I be asking when I look at an apartment and what should I be looking for (like what are warning signs or what should be there that might not be)? I'd really appreciate any help you can give me!

2007-12-13 20:40:52 · 9 answers · asked by AshaLynn 2

My parents are in the process of re-locating (due to my father's retirement) from Illinois to the suburbs of Dallas. They're strongly considering Arlington, Grand Prairie, Ft. Worth and Plano, but they can't get over how inexpensive the homes are and we're all curious to know if the low prices are indicative of something greater. Just the other day, for instance, they were looking at beautiful, new 3,500 square ft. homes for only $280,000, while in illinois they would probably be paying two-three times that much.

My two questions are: why is housing so affordable in these areas and is there anything important my parents should know about these locations (dangerous power plants, bad air, high crime rates, etc) ?

Thanks!

2007-12-13 18:50:32 · 7 answers · asked by Bookworm259 1

2007-12-13 18:40:54 · 3 answers · asked by Anonymous

We bought a home 5 years ago and we are trying to sell it. We recently discovered that the loan we were given wasn't a mortgage, and the back of the loan says that "collateral not to be used as primary residence". That's confusing, we live in a manufactured home in a trailer park, is this standard procedure, we are upset because this means our loan is now not assumable, and it's really hard to find a buyer. Does anybody know if this is normal, or was I suckered into the wrong type of loan? Can I get in trouble for this, and will this affect selling my home?

2007-12-13 17:45:47 · 5 answers · asked by contenteeyore 1

how and where can I find free foreclosure listings in my area?

2007-12-13 16:44:52 · 5 answers · asked by andy a 1

Sellers are so despirate right now - is it not the best time to buy? Rates are low. Stock is high.

Please don't answer with I cannot afford it or I cannot get a loan.

2007-12-13 16:22:56 · 6 answers · asked by yakrafter 2

I am planning on renting out my home, and I believe my mortgage agreement states that I have to live in my home for the first year of the loan, which we have done. My question is, what happens if someone was to rent out their home and this was against the contract? What action can the mortgage company take against you?

2007-12-13 16:02:48 · 4 answers · asked by Bruingirl 2

Most helpful, 10 points! Thanks! :)

2007-12-13 15:57:29 · 8 answers · asked by carey646 3

My friend wants to buy a house for $300,000, but her credit is not the best. Some parking tickets were sent to collection (tickets someone else got on a car registered to her, after she sold a car to them) and they have affected her credit. I do not know her credit score, but she claims that the last time she checked it was 700. Anyway, I'm not sure how HONEST she is being with me about her score and other items on her credit report, so I can't offer more info. BUT WHAT I DO WANT TO FIND OUT IS THIS:

***WHO IS THE BEST COMPANY FOR HER TO GO TO APPLY FOR A LOAN, FOR PEOPLE WITH NOT SUCH GREAT CREDIT and NOT TOO MUCH MONEY TO PUT DOWN?

***I heard that she will have to put down like 20% down, @$30,000. I don't think she has that kind of money. Is there a company that will give approve her for a $300,000 home loan with ZERO down, or less than $30,000?

She has a very good secure job and she has been there for years.


All info will be greatly appreciated

2007-12-13 15:34:43 · 3 answers · asked by Anonymous

i want to build my own home but for the time being i just want to get a lot to build on and start paying on it, i cant afford to build right now but with land going up and up in price i need to buy now while its low.
i would think land would be considered a good investment , its not going to lose vale so it ought to be ok to get a mortgage or some type of loan on it but i have heard it is difficult? is this true? is there a particular type of loan that i should look into for this? also would it help to put a very small "house" (like a shed with all the utilities) just so that you could say there is a house?

2007-12-13 15:28:46 · 13 answers · asked by None 4

Is this available in every state or just a few major cities?

2007-12-13 14:06:20 · 4 answers · asked by Anonymous

2007-12-13 13:55:09 · 2 answers · asked by gerson c 1

2007-12-13 13:51:57 · 2 answers · asked by allterrainwarrior 3

I have about $20,000 for a down payment and around a 700 credit score. I am currently renting a house at $535/month but want to own my own home and we need more space. would this be a good move? will I have any trouble financing? Please advise. Thank you. Oh yea,I live in ohio.

2007-12-13 13:35:54 · 8 answers · asked by Anonymous

I'm looking into becoming a commercial real estate agent, do I have to take a different exam than if I wanted to work as a residential agent or is it the same test for everyone?

2007-12-13 13:09:16 · 7 answers · asked by Anonymous

Has anybody put an offer on this house?

2007-12-13 12:47:33 · 1 answers · asked by Steve 1

I am going to buy a 2007 manufactured home that is is going to be set up on a permanent foundation, the land is not set up for a home it needs to be set up for electric, water and setup and then have the permanent foundation. On a rough estimate how much would it cost????

2007-12-13 12:30:13 · 4 answers · asked by dodgeman2004 1

big does it have to be. What type of real estate is the best to invest in? What is the best state for that. Is Tulsa,OK any good because I might be moving there

2007-12-13 12:18:53 · 1 answers · asked by Anonymous

We just closed on our home. We bought the home for $116,505. The home was appraised at $165,000. It needs a new roof, gutters, garrage and a beam in the basement needs replacing. It could also use new carpet/flooring. How soon can we refinace and take out the equity? Would it be a good idea to take the equity right away for these repairs? None of the repairs have an imediate negative impact on the structural integrity of the home and could wait for a year or two for us to save for the repairs. Please help with some advice. 1st time home owners.

2007-12-13 12:04:36 · 8 answers · asked by huckfin001 2

I'm closing on my first home scheduled tomorrow at 9:00am the purchase agreement stated that we would close on or before the 15th of Jan, However the sellers will not vacate the property untill Jan 5th I want to be in my new home by the end of the month to avoid paying continued rent where i am now. We have not signed a rental agreement although my real estate agent has presented it to me they did not want to pay but finally agreed to pay until the end of the month and their realestate agent agreed to pay for the 5 days in jan but not after that date. Since the closing is scheduled alreadly do i have to sign the rental agreement? What will happen if i don't?? Can I still Close??

2007-12-13 11:45:32 · 6 answers · asked by Anonymous

2007-12-13 11:36:35 · 5 answers · asked by Kells 1

I have been looking for houses for me and my family and I've found many houses with 3beds and 2bath for about $1,400 a month. This is the right size and the amount is affordable but i found out that it is a foreclosure home. Since they are cheaper is it good to rent one? thanks in advance.

2007-12-13 11:32:21 · 8 answers · asked by Anonymous