Buy House Knowledge Base
How to buy house from my landlord with no money down? I am renting a house that I'd like to buy. The landlord has a mortgage on the house. I don't have enough money to come up with a down payment. Is there a legal and safe way to buy the house from the landlord and finance it through him for a period of time? If the landlord cannot payoff the mortgage without selling the house first, is there a way for me to be the owner of the house, finance through the landloard, who then finances through his mortgage company? Is this legal to do and is there a way to protect yourself if it can be setup this way?
How can father gift money to son to help buy house from him? Living in house now for almost 3 to 4 years paying 800 rent. Father owns house. During this time or years, I have been fixing credit to be able to buy the house from him. How does my father gift money in the amount of 26k to 32k to buy house that he owns? The house is not on a note. It is paid for full.
How do you buy a house that's in a living trust? Parents have house in living trust; the selling price is to be equally divided amongst all siblings. One sibling wants to buy house now (while parents are still alive). Can this be done without changing the trust? Can the sibling purchase the house and then have its selling price split between the remaining siblings not to include himself? Parents are not interested in changing living trust as they are too old to want to mess with legal stuff, but are all for one sibling purchasing home now.
How long to complete on part buy house purchase, more details within? Hi there, i was just wondering if anyone has any idea how long it generally takes to complete on a house purchase. We are loging with inlaws rareing to go. Its a part buy property, brand new with current HIP pack. We have a mortgage in place and solicitor on stand by. Just waiting for assosiation to instruct there solicitors. How long do you think this will realisticly take from intruction to completion?
How do I buy house if my husband work with under book? Me and my husband want to buyer house, this is going be our first time buyer house, But I want to know that if I can used my debit card to buy house? Because I do not have credit card myself BUT I can get one but I don't work I am stay at home mom, even my husband had bad credit. But me and my husband do have SSI (Supplemental Security Income). Can you help me what can we do? thanks!
Should I buy house at Pincourt city in Montreal or West island in Montreal? My budget is about $250000. I can choose new house in Pincourt with good size 1539 sf or 25-35 years old house in West island with around 1300 sf size. From Pincourt to Pointe-Claire just needs 20-25 mins. My husband works at Pointe-Claire. I have a kid just 11 months old. We have to buy a house but we really struggle about where. Do you think Pincourt has the potencial to become second west island? One day Pincourt will well develope? Become a convience city like Pointe-Claire or Pierrefonds?
How long until I can buy house? I graduated college a year ago and have been working full time for a little more than a year. Is it feasible for me to buy a house now or should I wait longer?
How does one buy a house free and clear? I saw an info-mercial about buying houses free and clear for anywhere from $600 to a few thousand. How does one find a house that cheap? How does one obtain houses with $0 down?
Better to buy house in winter than summer? I'm planning to buy a house this coming summer, but my friend suggests that I wait until Winter. He said even in a stable market, houses are usually cheaper in Winters than Summers. Base on your experience, is this good advise? And why? P.S. I plan to buy in Southern California
Free money from the government to buy house? I've heard stories where people get free money to buy house as a first time house buyer and middle class rank...let say the house is worth 500k, with the government's aid, you would only have to take out a loan for 250k or around there and the government pay the other share for you and you don't have to pay it back. if you decide to sell the house, then that money you have to pay back, but other than that, the money belong to you if you live there for more than 10 years?
Can I cancel the buy house contract? I'm living in Oklahoma City I'm buying a house, and everything is under contract, I've down $2000 for the contract cancelation. After termite inspection, it come with a report that this house is damaged badly because of termite. Can I cancel the buy house contract and get my down money ($2000)? I'm living in Oklahoma City * If you could, please provided a proof of your answer (real estate law document, etc), so that I can show it to the seller. Thank you all in advance.
Would you ratther buy a house in a crummy area or a nice area ? Which one would you rather buy House A Is in a crummy area (Bad Schools, High Crime) with longer commute to work and would cost more to commute to work but the house has heated flor in master bath and is 2200 Square feet House B 2000 Square feet lower crime area cheaperr to commute to work and less commute time but it vintage but the schools are far better and the crime is lower.
Can i let my newly bought house out without changing to buy to let? I have recently purchased this house on mortgage from halifax, i was told i can'e go for buy to let as i don't have permanent right to remain in Uk, i have work permit visa till oct 2009,i paid 20% deposit, i am a radiographer with NHS, now if i ask fro thr permission to rent out from mortagge company , will i be granted that ?
House Removal Boxes where to buy? hi where can i buy House Removal Boxes in London i want new ones clean but what store sell those boxes? does WHSmith sell removal boxes?
Can a college student buy house, rent it, make payments off rent, and sell it? I'm a college student going into my fourth year, and was wondering if it's realistic to buy a cheap house anywhere from 100k-500k, rent it, and pay off the mortgage (tax, interest, etc.) with the rent. In case I cant find a tenant immediately, I do have about 7k to help pay for anything. I figure since the economy is bad and housing is cheap, I could take advantage of this situation. What are your thoughts?
how one can take advantage to buy house from short sale? as Timothy geythner declared they going to force banks to do short sales to get rid of houses instead of going to foreclosure what kind of situation is there to purchase single house in florida how long it takes now for the procedure and whom do you go to buy those houses.Thanks.
Looking to buy house with water in crawl space? I had a house inspected and about three inches of water was found on top and under the plastic in the crawl space in three locations. The inspector advised me, it appears the water is seppage due to the gutters being filled with leaves and the water was not being moved from the house properly. He suggested to dig trenches in the crawl space and use a sump pump if we decide to buy. He stated the foundation and beams were in good shape and had no damage. Should I continue considering to buy this house or opt out of the contract? Will cleaning out the gutters make much of a difference? Is the recommendation of the inspector the best solution? If I still procede with the sale, I will ask for the crawl space issue be fixed. Thank you!! I had a house inspected and about three inches of water was found on top and under the plastic in the crawl space in three locations. The inspector advised me, it appears the water is seppage due to the gutters being filled with leaves and the water was not being moved from the house properly. He suggested to dig trenches in the crawl space and use a sump pump if we decide to buy. He stated the foundation and beams were in good shape and had no damage and there is no mold. Should I continue considering to buy this house or opt out of the contract? Will cleaning out the gutters make much of a difference? Is the recommendation of the inspector the best solution? If I still procede with the sale, I will ask for the crawl space issue be fixed. Thank you!! The inspector stated there was no mold present in the house or in the crawl space. How long does it take for standing water to create mold?
Auction or we buy houses- best way to sell a house? We have a house in bakersfield, ca and it has been in the market for months and we're tempted to put it into auction. How does it work? How about we buy houses? Are they reliable? We are not foreclosing the house though.
Would It be better to buy a house or live in an apartment moving from base to base in the Airforce? I have been in the Air force for almost a year I am 21, I absolutely hate apartments, It feels like I'm basically in my opinion throwing my money out the window. I don't know if I should bu a house or not I am scared of not getting my money back out of the house. Ive heard of people buying houses ad selling them and putting money in their pocket buy i just don't know what to do please help!!!!
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?
How do I buy a house thats in a different state? I have watched the show House Hunters and see people who live in a different state buy a house in another state. I live in Florida now, but will buy a house in Chicago. I don't want to have to quit my job in Florida that I have had for the two years , to qualify for financing and have to look for another job in Chicago. Where do I look for a mortgage company at, Chicago or Florida, or does it matter? And what about the lawyers and title company, should I get one in Chicago or Florida?
What happens if you buy a house up for taxes and there is someone living in it? Ok, here's the situation. My fiance and I are looking to buy a house that is up for deliquent taxes. The only problem is there are people living in the house. I was told all we have to do when we buy the house is give them 30 days to move out. After that the house is ours. Is this true? Anyone have experience with this? Thanks
How can I buy a house when I am refused for a pre approved mortgage? I only have enough money for a down payment but I still have to borrow a considerable amount. But according to the banks I dont make enough to buy a house. But I know once I get the house the tenents rent will pay my mortgage. Why isnt this enough for the banks? People are always looking for somewhere to live so I'll always be able to pay my mortgage & even so I could pay the mortgage regardless of if I had tenants. I pay my rent right now. I ve ben paying it for years and was never late. So, how do I get $ to buy this house?
Should I buy a house in a high risk flood zone? We live in northern New Jersey, and there is a really nice house I am considering to buy. it is in a high risk zone A flood zone, and i am having second thoughts about giving an offer. the house is amazing, however. we are planning to live there for only 5-10 years, so should we do it? the land is perfectly flat on a .87 acre lot. there is no basement, but it is a split. Warm thanks in advance! Thank you all for your excellent answers so quickly
if I buy a house in Houston How much property taxes should i expect to pay? I read houses are cheap in Houston but be ready to pay high propterty taxes from the answer/yahoo. here an ideal I am single no children and my mother would buy the house and rent the house to me. it probably not going ot make much difference than San Francisco, California high sky rocket prices on homes are crazy. My mom currently renting a condo to me in Concord, California. payment total $1,800 $1000 a month on house payment, $250 a month home ownder insurances and taxes and $300 HOA maintence fee for living in the condo and we were force to $20,000 for a new roof on our condon and that we are paying $300 a month but luckly no interest charge because my grandma paid for it. but this time i want a house no a condo. thank you for your help Matt
Do I buy a house where someone has committed suicide? I am planning to buy a house and I am being told by the current owner that someone had committed suicide in that house. Should I still go ahead and buy? I am getting a good deal and my family also liked the house.
How do I sell my house and buy another house at the same time? I own my house but I have a small equity loan against it. I'm ready to move and my house is on the market (been on the market for a month, no bids). I've found a house I want to buy. Is it best to wait till my house sells (so I can pay off the equity loan) or can I go ahead and buy now? I figured selling my house would also allow me down payment money. The new house would be the first house I've ever bought. I inherited the house I own now. Need more room. I'm in excellent standings with who I have the equity loan with (countrywide), so I'm sure I could get a mortgage for the new house with them. Just not trying to have an outrageous mortgage payment. I'm in Georgia. Thanks in advance for any advice!! I am selling my current home through a realtor. Should I lower my asking price to possibly get the sell over with?? I don't want to rent my current home b/c it is serious need of repairs. Developers/investors have been buyin in my area and demolishing the old homes and building new homes as 2 family rentals. So I know there is a strong possibility my current house will be demo'd...therefore renting is out of the question. Thanks for the answers!!! I 'preciate it!
Is it possible to buy a relatives house for £1 to avoid inheritance tax? I have heard that if a relative, for example your parents, mutually agree, you can legally buy their house from them for an arbitrary sum e.g. £1 and go through solicitors so it is all legal. This way when they die you will own their house tax free. Is this possible or are their other legal implications to consider?
Wanting to buy a house but dont know anything about buying one? Me and my husband are wanting to purchase a home,but dont know anything about this,where is the best place to borrow.Can you buy a house thru a morgage company?would it be cheaper? or thru a real estate agent? or thru the owner of the house.What about deeds,abstracts,etc. Where can I find info about all that comes with and understanding buying a house. Need help..Never done this before,and I dont want to get screwed or set up into something that Im not sure about.
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?
I have bad credit and am on single parent pension, how can I buy a house? I want nothing more than to own my own home, but I can't afford the rent to buy houses, and banks won't give me a chance because I have bad credit and don't work. I'm willing to do whatever it takes, does anyone know any way or any company that can help me? Oh by the way I live in NSW Australia.
How would somebody buy a house and pay off their debts? I saw this ad and I'm wondering if it's possible, or likely: Buy a house and pay off your debts! You can buy a house and pay off your debts in your real estate purchase. If you didnt have your car payment or credit cards bills, you could afford a house payment and get a big paycheck at tax time. Thanks!
Would you buy a house that someone was murdered in? I am in the process of buying a house and have today discovered that someone was brutally murdered there just over 2 and a half years ago. The case was in the national news and there is a new local campaign surrounding the case which is going to make a lot more people aware of it (hence how I've only just found out). I'm not personally worried about living in the house but I'm concerned about it's resale potential. Would something like this totally put you off buying a house or more inclined to want to buy it? Do you think it would decrease the value of the house or increase it because of the history? Your opinions are appreciated!
Looking to buy a house in Calgary very soon, which is a good area? I am planning to buy a house in Calgary very soon, which is a good area? My preferences (although flexible) would be: - close to University of Calgary - hospital - school /daycare - public transportation - shopping malls Also how much is the range for a 3-bed house? I would like the area to be good, decent 'cause my parents would be visiting often.
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.
How can people buy another house when they already have one? I mean, say a person wants to move and buy another house But they already have a house and a mortgage to pay on it. How are they able to just sell the house and go and buy another one? I mean, what happens to the mortgage on the old house? Don't they still have to pay it off? What about all the money they put into the mortgage and equity?
How do I buy a house with terrible credit? I would like to buy a house but I have terrible credit. I can put down 15k on a 190k house. What options do I have to get a loan? Could I form a corporation? Any advice is appreciated.
How does investment in real estate work? How fast can you buy a house that isn't built? I live in Canada and I think the economy here is well. Now I am planning on buying and flipping a house for the first time. Would it be better to buy a house or condo? Also if I pay downpayment on a house/condo that is still under construction, and then decide to withdraw from the transaction, are there any risks involved? When the house/condo is complete and the value has gone up or down, will I always get all my money (downpayment) back if I decide to sell? And in terms of returns, what is the median percentage I could expect to make flipping the house/condo in let's say a year?
Is it a good time to buy a house in Charlotte? I know this question has been asked but I'd like to know if it's a good time (or not an awful time) to buy a house in Charlotte, NC. I'm a first time buyer and I'm excited at the opportunity at buying but (obviously) want to avoid buying at peak. My research indicates Charlotte's very cheap and didn't run up as much as other areas, so it makes me feel it might be okay to buy there and there's less chance for a collapse. However, I'm still concerned about a nation-wide housing bust. So, good time to buy in Charlotte? If so, what (house, townhouse, condo -- I've heard condos are poor investments)? Is there "no bad time to buy" or should I wait it out? Thanks a lot for your help.
How do married couples buy a house with two credit scores? I have a near perfect credit score. My girlfriend has a dismal credit score. If we were to get married and buy a house, do they combine our scores and created an "average" score to calculate our rate? I would like to use just my score for the best rate but be able to combine our incomes to buy a better hoiuse. Is this possible or common?
What is a short sale and how long you have to wait to buy another house again? I heard a short sale in when you can pay or can sell your house for the amount you bought it for... For example I bought my house for $235k and now it cost between $170k to $190k, so it is upside downs for around $60k. I heard that I can hire a realtor he will sell it for a less amount and the rest the bank will "eat it". But I have to wait certain years to buy another house again. How many years do I have to wait to buy again?
What is the best way to buy a house with my fiance? I filed for bankruptcy this year but my fiance has perfect credit. We want to buy a house in Aug 2008 we've lived together for 3 years and will be getting married in 2009. What is the best way to get a mortgage. Her salary is low 40's and mine is low 30's.
Looking to Buy a house, is this a good market to do it in? I currently have a very good job, making over 70 grand a year. I'm looking to buy a house in GA. I have a car and student loan as debts but i'm current on EVERYTHING. My credit score is ok, i'm working on getting it better right now. I know the housing market is cooling off. Is this a good time to be a buyer? And if so, whats the best state to get a nice house for a good price? Preferably the south.
How can I buy a house with horrible credit? I am trying to buy a house because the neighborhood we are in is getting worse by the second, but we have horrible credit due to stupid kid stuff. Anyone know of a place that you can get a place with horrible credit,no down payment, low payments a month in a good neighborhood?
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