Questions tagged [home]
The home tag has no usage guidance.
96
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How can my friend tell his mom she can't move back in because she hasn't paid anything except the down payment and closing costs?
My friends mom put down the down payment and closing costs on a house. She hasn't paid anything towards the mortgage, taxes, repairs or bills. She ended up moving to another state with his sister and ...
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In what situation is owning a home better than renting and investing in the stock market? [duplicate]
In what situation is owning a home better than renting and investing in the stock market? if you were to use broad measures such as historical averages for home price, stock market returns and real ...
user114821
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A scheme for more efficient house-check
When I consider an apartment to buy, I usually call an engineering company and ask them to check the apartment for any physical defects that I cannot notice by myself (In Hebrew this process is called ...
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0
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146
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Selling a home while Canada Disability
My friend on disability and want to sell my house and buy a smaller one. They will profit from the sale but will put that money into a new house. Will this count as income and mess up my disability?
I ...
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Can someone sue for house ownership if they gave money for it?
My parents received money from my grandmother to put a down payment for a house. After my parents purchased the home and put the house under their names, my grandmother moved in and eventually after 3 ...
- 147
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230
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Is there financial instrument for overvalued homes
My home is valued at 400k and I bought for 125k 2 years ago. If I believe that the value is going to decrease, is there a financial instrument that allows me to profit, basically short my own homes ...
3
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1
answer
453
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Can I avoid gift tax by gifting only a portion of a home to a parent instead of the whole value?
I live in Washington state and my mother lives near my brother in California. I was considering purchasing a house with cash, for her to live in. The cost of the house would likely be around $600,...
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854
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Do surviving homes' values tank after natural disasters?
After experiencing two flash floods in two years, I'm considering investing ~$2000 into modifying my yard's terrain, and building retaining walls, to keep flooding away from the home and vehicles, at ...
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My parents live in England. I live and file taxes in the US. I want to make them an interest free loan to buy a house. Payable at death / house sale
I considered purchasing it as joint tenants in common but that triggers stamp duty on the entire purchase as I’m a non UK resident. I thought they may be able to amend their will to represent the ...
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How home prices behaves during and after great inflation 1970s in USA
Is there any chart/data or research on average home prices during 1970s in USA in big cities (NY, LA etc.).
I'm particularly interested in average price per square meter between 1970 to 1985.
- 465
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Resale of a House with Estate Rentcharge
Made an offer on a c. 40 yr. old freehold house in London. Had offer accepted.
When going through the docs as part of pre sign-off due-dilligence, turned out there is a 300 GBP / year Estate ...
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How does paying off the mortgage work if I demolish a home and rebuild another home on the property?
I own a single family home in NYC, Queens. I have a mortgage on that property. My Zone permits 3 Family house. I would like to demolish the single family home and build a 3 unit property. How does it ...
- 493
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2
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Ownership % and obligation on mortgage payments
scenario: Home value is 800K.
Three investors requiring a mortgage.
One investor can add 70K deposit,
Two can add 40K each.
Question #1: How do I figure out the % of ownership based on different ...
0
votes
1
answer
197
views
Refinance Calculator - use Interest Rate or APR?
I am using the NerdWallet Refinance Calculator to compare current loan with new loan.
https://www.nerdwallet.com/mortgages/refinance-calculator/calculate-refinance-savings
My question is should I put ...
- 117
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3
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Rebuilding when current house has a mortgage
My wife and I own a home that is over 60 years old that we bought initially as a fixer-upper. After a few years of fixing it up enough to make it comfortable for us -- we realized that our appetite ...
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How can I prevent my brother from forcing the sales of a home inherited from our father? [closed]
I moved back to my parents home to take care of my father until he died. I decided to stay here, but my parents were the victims of con artists and lost everything they had, Somehow a mortgage was put ...
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What tax forms needed to report home sale?
I sold a house (primary residence, not rental) in 2020. That's the only economic activity I engaged for the entire year. I'm a US citizen that lived in the United States for the entirety of the year ...
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risk on selling home and never receiving funds from settlement company
I was about to sell a home where I have good equity, my question is what are the chances that settlement company never pays me the proceeds and runs away/abscond.
I see there is FDIC insurance for ...
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Is it possible to make my home and household a business?
I know it's possible to run a business from home. What I mean is rather to create a business whose sole purpose is to maintain a family & associated household, that would have expenses such as ...
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4
answers
7k
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Buying a house. Seller wants cash now and move only next year, renting same house in meantime
A relative of mine found a fantastic house on the market (Canada), evaluated 750k. He knew there were 3 other buyers making offers and he was entering a bidding war. He made an 800k offer and was the ...
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Are real estate taxes deductible if I use home for business?
I use home for business - work as a contractor from home, on my home computer, but there is no area for exclusive use - desk and computers are also used for personal purposes. So I do not qualify for ...
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3
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Will incomplete home improvement projects affect mortgage refinance?
We purchased our home a year ago at a not-terrible rate, but we are now considering refinancing for a shorter term at a rate nearly 2% lower. We have about 20% equity in the house, and do not plan to ...
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Would adding artificial turf to my rooftop patio increase the value of my home? [closed]
I know there are many ways of increasing the value of home; redoing flooring, replacing old HVAC systems, adding in smart security systems, etc... My house is brand new construction so there isn't ...
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Can i purchase property from my Dad, and can get home loan from Bank?
I would like to purchase property from my father, and I would like to take home loan. Could I get the loan to purchase, and for renovation of home?
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Tax benefit on home loan of under construction as well as ready possession property
I am from Pune, India and working in Ratnagiri.
I have purchased a under constructed flat as a Co-Owner in FY 18-19 in Pune. Possession will be after four years i.e. 2022. First Owner is my wife. We ...
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3
answers
374
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Is there a long-term disadvantage to buying a small home?
I am shopping for a first home. Based on income, and estimates of the monthly mortgage, tax, and insurance payments, I can afford a house that is $180,000 with 30 years. But in my area, such as house ...
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Do home values typically rise and fall consistently across different price ranges?
Within the same city, as the market rises and falls, do cheap, average-priced, and expensive home values typically rise and fall at a similar percentage?
For instance, all homes in the city rise ...
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votes
4
answers
1k
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minimum repayment on home loan
How to calculate home loan minimum repayments (before taking out the loan).
For example, with a credit card, they clearly state, that you need to make X amount as minimum repayment (maybe 10%) with Y%...
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Can State come after our house for previous owner's back taxes?
More than 4 years ago, we bought a house that was previously used as a business by the previous owner. Recently, we received a letter addressed to our property that stated the day care owed a large ...
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Is it advised to sell current self occupied home and buy the other new one to book the profit?
I have a first (and only) and self occupied home. Mortgage is fully paid. Home is with four rooms.
Considering expenses I done on home so far including my share in mortgage, taxes so far, total ...
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What happens if I demolish a mobile home with an outstanding loan?
I own a double wide manufactured home that is desperate need of repairs. Parts of the floor are falling through, the central air doesn't work, and I recently discovered black mold inside the walls.
...
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2
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Am I Likely to Qualify for Home Loan?
I'd like to move to a new home and would like to finance it via a loan. My current home is worth ~$285,000 according to internet and my current home loan balance is ~$100K.
My financial situation is ...
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Financial advice on the big 3
I recently graduated in December and have been working for the past 5 months. Since then I have saved 13,000. Now here is my conundrum, I am getting married in 6 months ($10,000), we are currently ...
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Can I withdraw from an RRSP for home renovation using the Home Buyer's Plan?
I have withdrawn $15,000 using Canada Home Buyer's Plan from my spouse's RRSP account in the year 2016. The withdrawal was only from spouse's RRSP account, not my account.
Now we are planning to do a ...
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Help required on equity share setting up a cohabitation agreement (UK)
My partner and I are in the process of setting up a cohabitation agreement but struggling to come to an agreement of equity split.
At the point I moved in with my partner he had equity in the ...
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0
answers
502
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How much would I save doing my own electrical rough-in?
I'm a capable and confident diy-er with some electrical experience. I'm trying to find parts of the home-building process I can do myself to save some cash when I build a house in the next couple ...
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Home equity split when one partner is not on the deed
2 people buy a home. Both are on the mortgage but only one is on the deed. 5 years later the house is refinanced and now both are on the deed and mortgage. One year later one walks away and for the ...
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When is the optimal time to replace a home appliance?
I have an old appliance (a drier) that needs a small repair and reached its average lifespan (10 years). It has no rest value.
It has always been maintained very well and it's from a very reputable ...
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Does purchasing a mobile home allow you to lower your income tax?
I have heard that by owning a home that your federal income tax is reduced. Does this still apply to mobile homes? If so, how much reduction could I expect? I currently have a tax rate of 28%. Living ...
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Can I partially repair what home insurance paid for?
My home has water damage from a faulty gutter, that basically created a waterfall that splashed on one particular part of the stucco. The water eventually bubbled the exterior paint in that ...
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How can I raise finance to build a home for my family
I live in Pakistan. I am a software engineer with 3 years of experience, I am currently living in the house which can collapse any moment with my family in it. Recently I started looking for a home ...
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Home sale: No right to terminate?
I'm making an offer on a house. I was informed that the seller, a relocation company, is asking for the following: a right of the buyer to inspect but "no right to terminate." That is, I would have ...
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Money received for water damage in ceiling caused by leaky roof
My ceiling was very damaged by leak in roof caused by leaky solar panel. They instructed me to get mitigation estimate and repair estimates. Sent to insurance company and they paid.
My husband ...
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4
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What home improvements are tax deductible?
Specifically, do odor removal and air duct cleaning count as tax-deductible home improvements?
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I'm under contract for a house, but I'm moving away suddenly. Still purchase as an investment?
I'm under contract for my first house. But I just got an outstanding job offer across the country that is almost double what I currently make. I will be moving.
Purchase price for the house is 290k, ...
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1
answer
324
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Sell home to buy another home for cash
I own a home I bought for cash; no mortgage. I want to sell it and use the cash to buy a different house of similar value. I have very little cash in my pocket and hence cannot use that to buy a house....
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0
answers
195
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Bank Loan for Father's property
Is it possible for me to acquire a bank loan for purchasing a house from my father if it is not ancestral property?
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9k
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Boyfriend is coowner of a house with his sister, he wants to sell but she doesn't
My boyfriend's parents passed away and he and his sister were left with his father's house and the land around it.
He's been living there ever since, but in horrible conditions. He can afford the ...
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Pay off home loan early
I currently own a house in northern VA that's paid in full. I want to buy a new house in a development being built in MD.
A friend recommended getting a loan for the new house and put mine on the ...
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40k
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The mortgage company is trying to force us to make repairs after an insurance claim
We had some hail damage to our roof and deck after a bad storm and made a claim with our insurance company. The damage was in the 5 figure range, but the estimate for the deck was only a couple of ...
