Buy A New House Knowledge Base
How to buy new house before disposing earlier one? I own an apartment in Delhi. I want to shift to another part of the city. Recently my father-in-law has disposed of his house in Delhi. Is it possible that he buys an apartment in my or his daughters name out of his funds and I move to that house, then I can dispose of my house and buy him back a new house. Is it correct to carry out such transactions from the capital gain and or other tax related issues prevalent in India?
What to buy, a new car or furnish a new house? We are buying a house and we can afford an extra monthly payment. We want to buy a new car but we also want to buy new things for the house. So should i buy a brand new car or should i buy new couches, tv, bedroom set, paint, plants etc with a credit card? Both interest rates should be low due to our credit. But we can only choose to have one. We already have 2 older but decent vehicles and we have old ugly furniture so which would you get a new car or furnish the house?
Any good sites to buy new house mp3s? I used itunes to buy tunes for my ipod but sometimes I find that it lacks some of the new house tunes I like. Does anyone know a good site, similar to itunes where you can buy some new house tracks?
can I refinance current house, then buy new house? I still owe on the mortgage for my current house and am planning to buy a new house (and try to keep my current house). Instead of borrowing from my 401k for the down payment, my mortgage guy suggested I refinance my current house (as a primary residence to get a better rate) then apply for the mortgage for my new house. I told someone about this and they said doing that would be fraud because I'm refinancing my current house as a primary residence and I need to live here for a year. Is this true? How much trouble could I get in? Thanks. I'm trying to rent my current house through a realtor - so there is an MLS for it (don't know if that makes a difference)
Need help deciding if we should sell house in the country and buy new house in town, and not go broke.? We have a house in the country where we have lived for 15+ years. It has 1 1/2 acres to mow and other outside maintenance. We always thought move into town someday when we are older and don't want the mowing responsibility. But were not planning on doing it now, until I found a wonderful house in town. It is close to family etc. But it is new, as it was built where a house burned and is a rebuild. It is very nicely done and quality construction. We owe 25,000 on our current home and may be able to get 100,000 to 110,00 for it. The new one is 130,000. How much further would we have to go in debt? My husband is not at all in favor of upping our mortgage payment. We are 58 and 60 years young.
What things do I need to buy new and what things can I buy used for a new house? I know you're supposed to buy pots and pans brand new, for obvious reasons, but you can always get a used TV. Stuff like this. =] Any ideas? I'm moving into my new home in the beginning of August and so I'm getting all these things together ahead of time. =] Please and thanks. I wouldn't mind getting pans new from a thrift store--it's just that my thrift store here in town reallys sucks.
Selling House in CA but waiting to Buy a new one? If we are selling a house in CA (after living there for 2 years) and moving - how long do we have to buy another house and not get taxed heavily on the money we made with the old house sale. We are moving cities but want to rent in the new city and find a good place to live. We heard if you sell a house and buy one immediately your money isn't taxed as heavy. Is this correct? What if we are holding onto the old house money soley in order to buy the new house. Thanks !
Buying a new house? Should I Buy from builder or an agent? We are thinking of buying a new home. We have seen with centex. My question is that we did like one house and we reserved it. But now we have to make a bidding and have asked for a week. I am curious what amt should be put above base price , or should we go with a real estate agent. As we are very new.. to buying house and not much information. I would really appreciate any help. Thanks.
want to buy new house,but not sure what to do with the old one...? My husband and I want to buy a new house, but I think it might be hard to sell the house we have now. I'm not sure we can sell it, and we cant afford to pay two house payments, so what do we do? Would the real estate company buy this house from us? Or are we just stuck here until its paid off?
does the money i make from sale of my house count as deposit to buy new house? i am unsure as to what happens re will i have to pay another deposit on the new property i want to buy when i sell or does the amount of money i make on the property go straight down as deposit i am with the halifax on a portable mortgage many thanks guys also is there a minimum amount id have to put down as deposit we have received an offer but i need to work out how much il gain from it as to what i need to put down on new house just to say thanks for the answers i have to pay a 15% deposit on my new place the money i make from my property can be used as payment if it is enough that is cheers guys
I have an existing home that I would like to rent and buy a new house, How to do this? I have an existing house with approx. $60 - $70K equity and a $190K mortgage. Unfortunately renting the house would not cover the mortgage payment of approx. $1250. I want to buy a new house @ approx. $380K with little down. What are my options? Affordable new mortgage payment would be approx. $2K Any info would be much appreciated. BTW, Credit Scores are in the 800's, zero debt except for $190K mortgage. $100K income per/yr.
how do we buy a new house and keep the one we currently own to rent out? We want to buy a new house that is roughly £200,000. We have earned £100,000 equity on the property we currently own. It is up for sale at the moment but we have had people telling us we could rent it out to cover the mortgage and still buy the other house. How could we do this when we need the equity from this house to buy the other. They mentioned interest only mortgage how would this work and is it worth the risk? any advice? We are seeing a mortgage advisor next monday but wondered if anyone had any experience with property. Thanks.
Would you buy a new house or a new Toyota Land cruiser, the car of your dreams? I live and work full time in Japan. I will never return to the UK. I live with my in laws, a good situation no stress, but we would like our own house which are no cheaper than anywhere else in the world. My wife recently told me I can buy a new Toyota Landcruiser which will cost $50000 plus! and will take 5 years to pay for. My heart tells me Land cruiser, my dream car, but my brain tells me House! What would you do?
How do i buy a new house for sims 3 on xbox 360? I just got this game and I know when you start you can buy a house but you done have enuph for ent good homes so I did the money cheet and now I really want to buy another house or sell the one I have and buy a better one. Please help
Can you buy a new house while in short sale with your fist? We cannot afford our partially remodeled home mortgage any longer because of the arm. Now we have been trying to get out of the house we are in now for years because it's too small. We want to buy a single family home, ours is a townhouse, and start fresh. Our mortgage is more than what the home is worth. We were told we can buy a new home, move into it, stop making payments on the townhome while setting up proceedings for a short sale on the townhome. We were told that is really the only way to get into a new mortgage, since our mortgage now is only getting higher. Since you can't get a good mortgage or one at all with a short sale on your credit? Is that true? If so, are we still responsible for making payments until the home sells in short sale? If we move into the new home and the townhome doesn't sell for 6 months, will we be responsible for payments until then? How can we qualify for 2 homes? Especially since the laws are so stringent now. We live in MN if that helps. I do know what the definition of short sale is, thanks......That was rude. Also, we were just pre-approved for a new home mortgage. We are looking at very inexpensive homes, so our payments will be less than they are now because of the lower interest rate and no association fees. If you're not a mortgage or real estate professional then don't bother answering. I'm looking for actual answers, not just opinions. I knew I shouldn't have asked this on yahoo answers, any yahoo can answer.. Our situation is extremely different, and obviously I will be contacting mortgage professionals as well as real estate professionals in my area to discuss this further against the advice I've already received.
How can you buy a new house on sims? I currently have 6 people living in the household and i cannot have kids it tells me "brittany's household is to crowded to have children" so how can i buy a new house and move a couple sims there?
How do I start to sell a house and buy a new one? I am looking to move into a new house, selling my current one. I would like to get pre-approved for a mortgage so that I know how much house I can afford. Do I do that first and then hire a realtor so that I can tell him/her my price range? When do I get an appraisal? Is that something the realtor does? I'm really confused on the process.
How do I buy a new house on Playstation Home? I just bought a 20 Euro PSN card and I want to use it to buy items on home. I want to buy a new house but I don't know how. Can somebody please tell me? I'm from Europe so we don't have floors in our mall only one big one
How can you buy a new house? Can you buy a new house without selling your old house, stop payments on your old house and then let it go into foreclosure? Someone on my street did it and i'm curious on how they were able to do this.
how long will it take me to buy a new house and sell my house? I want to buy a new house for 309,900. All of the money I need for it is tied up in my house. I could reasonably sell my house for 270,000 making 60,000 in profit. How long would it take to sell or what would be the best process of buying and selling at the same time that would be most cost efficient? Both of these homes are in the same neighborhood in Belgrade, MT.
What are the consequences of cancelling the escrow to buy a new house? About 4-5 months ago I decided to purchase a new construction townhouse and entered escrow. Escrow closes in mid October (45 days away) when the construction is complete. Due to the high buying prices and rising interest rates, I'd rather not buy at this time and wait it out. My question is, what are the consequences of cancelling when close of escrow is only 45 days away. I assume I'll lose my deposit, but is there anything else? (My contract seems to only mention that I lose deposit.) Also, do I have to have a better reason other than "not wanting to buy the townhouse anymore" in order to cancel? Thanks.
Can I buy a new house and use my old mortgage? We found a steal of a house and the equity of the new house is much more than the equity of our house. This may be a silly question, but our mortgage now has a great interest rate and I don't want to lose that. We have about 100,000 equity in our currently house and if we bought this new house we would have about 200,000 equity. We would with the money we would get from selling our house (god willing) we would be able to use roughly 120,000 towards this new house. The banks would be winning on this deal considering if I foreclosed (not that I ever have plans to do so) they would double the money I owe them by selling the house.
Which is cheaper? To buy a new house thats already built or to buy an old house and renovate it? Hi I live in Hawaii and the price of housing is very expensive. I live in Kahala which is an upper class neighborhood. The house that my parent's own is a 4 bedroom and 3 bathroom house and its worth 1.5 million dollars. I don't think I can afford a house like that so I was wondering if it would be cheaper for me to buy an old house and renovate it into a nice house like the one I grew up in.
Parents selling house and giving me the money so i can buy a house. What is downside of doing this? My parents want to sell their house (CA) and give me the money (200k) so i can buy new house. What is the downside of doing this? Do i have to pay taxes? Will they have to pay taxes? Also, they are retired and currently receiving social security, medicare, low income subsidy. How will this affect their benefits. After the sale of the house, will the money that they receive count as added income and they will lose their benefits?
Looking to buy a new house and rent out old house? How do you go about getting a new mortgage when you are planning on renting out your old house? Does the renter have to be in place before you get the new mortgage? What if the rent does not quite cover the mortgage payment? I am just looking at options, as my husband has accepted a job in a different state. We need to sell our current home, but with the market the way it is, that may be impossible. What if we rent out the old home? I just don't know how this all works...can someone help me?
Is it a good time to buy a new house on Costa del Sol, Spain? I will be coming to the area in the very near future and would like to buy an apartment overlooking the sea, preferrably in Torremolinos or Benalmadena. I have heard that prices dropped dramatically in Spain in the last year because of the crisis, so buying a real estate would be an option. If you live in the area, then you might know if they expect further drop in prices or it is worth buying a house in Spain now..
im about to buy new house..........? its in houston tx for 105k, 1 story, 1,324 sq ft im a first time buyer help am i getting yipped?????????? brand new not even built yet(its a kb home)
Is this the time to Refinance or buy a new house? I have two mortgages 5.87 and 8.8 . I bought this house 2006 with zero down. Now the value of the house is almost $80,000 less than what I purchased. Is it a better idea to buy a new house and vaccate the old house? Please advice me . I have good credit
Is it really stupid to buy a new house right now? I read yesterday that if you buy a new house right now with the economic issues going on it could be 'financial suicide' for some people. Should people just stay in the home they're in and wait it out until there's a better time....or buy a new home? I mean in Canada :)
Will you move to Atlanta to buy a new house at a reasonable price? I did some search and found out that in Atlanta & surrounded area house prices are unbelieveable. Some new houses available starting 140-150? in my area 300 will be the starting price, not to mention in Boston, LA, Seattle, SF etc. How can they are so not expensive? Is that area over supply? Is Atl a good place to live? Do you know different area that as good as Atl (in term of house prices)
How do you buy a new house when you already own one? My husband and I own a house and we want to move into a different house. How do we move the $ around when we can't afford to make 2 mortgage payments at once? We anticipate using the $ from the sale of our first house as a down payment on the 2nd house. I know people do this all the time - I just don't know how. So do you make it a point on the contract on the sale of our 1st house that our move out date will be after the closing of the 2nd house?
Should I buy a new house in Mountain House, ca? I'm thinking to buy a new single family house in mountain house as an investment property. The builder is giving out huge incentive and the price is much cheaper than the houses in SF bay. Just wondering if it'll be right timing to do this especially mountain house is a brand new town. Will I be able to rent it out? Thanks!! Can people who is familiar with the area mountain house, ca or who live near the area (like Tracy, Livermore, etc.) answer this question for me?
New England house prices? Is there ever really a good time to buy? I live in New Hampshire and I have been looking into buying a house. It seems to me that when house prices are low, interest rates are high, and when interest rates are low, house prices are high. Is there really a better time to buy a house compared to other times? Someone I know said we should wait because houses are not appreciating very well in the area right now, but, is this true? And is it better to continue renting? The prices in the area are outrageous at best, and I can't believe that there is ever going to be a time when they are going to be lower. It seems to me that if appreciation continues at any rate, that ordinary people wont be able to afford a house at all. $200,000 plus for a small place seems crazy. Any input on this?
Is it more difficult to buy a house rather than financing a new car? I know you have to have good credit to buy a new car, and the interest rates are always high if your credit sucks. But what about buying a home? When you get a mortgage for a house how much does your credit score effect your mortgage rate compared to a car? Would you say its easy or difficult to buy a house in general with bad credit.
If you to buy a house, should you consider new house or pre-own house from environmental consideration? New house could have better insolation, more efficient appliance, more green potential but it require all new materials to build. Pro-own house may take some investment to make it energy efficient and green but you don't contribute to destroy more trees, etc. for example. How would you decide if you are in the market to buy a house? I am not buying or building a house. It's just a question I think useful for those who have plans to. Very helpful answers so far.
Should I wait til after we buy the house to buy a new car? Hi Everyone, I am getting married next year and we are going to be buying a house after the wedding. At some point we are also going to be needing a new car(my car is giving us problems all the time). Should we buy the car before or after we buy the house? Im thinking we should buy the house while we are debt free and then later on buy the car. I would think that mortgage company want to see that we are debt free and dont have any loans that are being paid monthly when we apply.
How can I buy a house with a new job? I want to move to another town. I'm an RN and have a job waiting for me. My question is can I buy a house if I start a new job? I have good credit and would have about a 20% down payment. Is it possible to do?
Should I wait to buy a house after the new year? I've saved enough money for a modest house in Portland, Oregon or Southern Oregon. I look at realtors.com everyday, and the prices are not coming down hardly at all. Should I try to buy a house during the holidays or after the new year? I'm afraid if I wait, the prices will start to increase.
Can i buy a house if i just started a new job? I've been on my current job for 5 years. It's a contracted job for the state so my company has been outbidded and we are all losing our jobs in may 2008. I was hoping to buy a house before the job ends but it's not going to happen. I decided to put money up and save until the job ends. Now, when i start another job will it be hard to buy a house being that i've started a new job? Or if i continue to work in the same field would i be able to combine work history??
Can my spouse buy us a new house after a foreclosure on my credit? We recently moved out of our house due to a high mortgage and impending foreclosure. My husband is on the title but not the mortgage. He has pretty good credit, will he be able to buy another house under his name? Should I take his name off the title of the other house before the foreclosure is official?
Where in New York State could I buy a nice house for say 450K? My husband and I are looking to buy a house in the next three years. But we have some constraints: 1. we want to take advantage of some of teh programs that are out there to help you buy a home, 2. we havent saved up enough as yet, but we are just at the beginning, 3. my husbands credit is good/okay, mine is not good, 3. we need to be no more than 1.5 to 2 hours away form the city and 3. we need to be someplace where there is diversity and where we can find a muslim school. I've been looking but the only places that hit most of the criterias, is out of our price range. Is there someplace I am missing? Any advice?
Can we buy a house that needs a new roof with an FHA loan? okay so the house we want to buy has a 20 year old roof that leaks. It won't pass inspection I am sure and my lender said I can't get a 203k just because of the roof. If the roof is bad will the people we want to buy the house from have to fix it before they sell it or will we have to fix it ourselves? We offered what they were asking. We can't get a conventional loan, so we have and FHA and the realtor told us they'll prolly have to fix the house before they sell it.
How do I rent out my house and buy a new one to live in.? If I want to rent out my house and buy another to live in, what does the bank look for when I apply for the second mortgage? Must I have enough to cover both mortgages every month out of my paychecks. Or would they take into consideration the money from the rent each month?
Is now a good time to buy a summer house in New Jersey? I have 30k saved up. Would like to only spent half of it to start off but i am not strict on that. Me and my family go to Jersey shore all the time. Were located in philly so its not very far. Is this a good time to buy a summer house? Any tips on buying a summer house now?
Where is the Safest part of New Orleans to buy a house? My husband and I are considering buying a home in New Orleans. What is the safest area? And as far as safest I mean, where got the least amount of damage from Katrina and Ike and Hurricanes in general, furthest from the Levees and bad neighborhoods? Is that the Garden District? I don't want to buy a fixer upper,I want a home that wasn't damaged by any hurricanes. Any thoughts out there?
Would it be cheaper to reupholster a cat tree house, rather than buy a new one? We bought this huge cat house for our kitties, and it's lasted about five years now. We paid about $300 for it. I think we've gotten our monies worth. Now I'm looking to either re-upholster it, or buy a new one because this one is scraggly looking now. Would it be cheaper to get it re-upholstered? Can you re-upholster something like this? It's made of wood and carpet. I haven't found anything pertaining to this and wondering if anyone has done this. Thank you for your input. :-)
How do you buy a new house on Sims 3? the game wouldn't let me put in the money cheat when i was first buying a house so i bought a bad one did the cheat to get the money and i don't know how to get a new one!!! oh and when going to town are you with real people with their sims or is it computer characters
House as collateral to buy a new home? I currently own a home and would like to sell it and buy a larger one due to a growing family. I plan on seeking an agent or broker within the next month to further discuss my plans. But in the mean time, I would like to know my options. I would hate to have to wait for the house to sell before looking for another one. Especially in this slumping market. Is it possible to be approved for a loan on a new home before my old one sells, like using it as collateral?
Honestly, Is Dubai a good and secure place to buy a house? I'm from United States of America, and seriously I'm planning to buy a house where I can spend my every year vacations and a friend of mine ad viced me about Dubai but I have my doubts because I want a secure place for me and my daughter. any ad vice is welcome.
Will it e a good time to buy a house? Will it e a good time to buy a house? I'm planning to buy a new house, is it a good time to buy or wait? Is it good to buy a new home or an old home??I heard that rates will be 4.5% for new homes or new buyer. I qualify in both. Thanks in advance.
How much on average are closing costs when you buy a house? My and my fiancee moved into our house in October 2006. We have done some small upgrades like sod the back yard and painting. He will be getting a significant raise soon and we want a bigger house further from downtown San Antonio, TX. We moved into this house now because it was a promotional thing with no closing costs so we did not have to pay anything to move in. I need to know how much we need to save for closing costs on a house price range from 175-200 thousand. Also, do we need all the $$ in tha bank or do people often take out other small loans for closing costs? Sorry if this is a stupid question but I have no idea how it works. Thanks. I will choose a best answer.
Buy a new house or live in my apartment to save $$? I sold my old house about 6 months ago because my loan got too huge (adj rate) and it was too much house for me. I was also considering a move out of the country. I am still flip-flopping about the move, but am considering buying a new place. It would be more expensive than my townhouse I am renting, but symbolically I would feel more committed to staying at my job and making it work. My rent is $1200 and mortgage would be around $2k (40% of my take home). The problem with my rental now is that I have 2 dogs and no yard. Just can let them out now on leashes. I have 2 flights of stairs which makes lugging groceries hard. Also, when people want to visit it is difficult for them to take so many stairs (older folks, my mom, etc). Right now it is a buyer's market in my area and I can work a pretty good deal on a piece of property, but don't know if it is worth it to do so. Is the market going to get even better for buyers or are interest rates going up?? What do you think?? Thanks!! I have a stable job and have gotten a pre-approval for a fixed rate loan.
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