Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [home-ownership]

Any questions related to Home Ownership. There is a related specific tag for Mortgages. It is recommend you include a country, state tag, or location in your question.

2
votes
2answers
173 views

how to divide ownership of a house with family member who stopped contributing 8 years ago?

My brother and I bought a house together back in 2006 for $270k. We both contributed 50% to the mortgage between 2006 and 2011. My brother moved out in 2011 and stopped contributing to the mortgage, ...
0
votes
1answer
44 views

Real Estate Agent Exclusive Agreement - Geographic Restriction

I am searching for homes in two different geographic locations in NJ. I was refereed to an agent who is local to one area I am looking at buying. I told him I may want to look further south and ...
0
votes
3answers
256 views

Running the numbers on buying a house for 3 years instead of renting

My SO and I moved out to a new city while she's in med school. We're currently in an apartment paying ~$1,300/mo (after utilities, etc...). However, the other day I realized 2-3 bed houses here cost ...
1
vote
4answers
312 views

European banks, low interest rates and “free money” for home owners?

Where I live in Scandinavia and across Europe, interest rates are very low. More and more people are using the rising value of their home to draw out money. I would almost call it "free" money when ...
2
votes
2answers
209 views

What are the unknown costs of getting out of a housing purchase?

I just got the appraisal back on a house I am under contract to buy, and the appraisal is "passing" but not impressive. I'll admit I screwed up doing my due diligence. I can easily not qualify for ...
0
votes
3answers
202 views

How can I offer a price lower than the listing price, without angering the vendor?

Dan Barnabic, Post Graduate Engineering (Naval Academy Rijeka). The Condo Bible for Canadians (2013). p. 25. Notwithstanding market conditions, always start with a low offer — say, 75% of the ...
57
votes
4answers
18k views

Why would a home seller ask a buyer to offer LESS?

My brother-in-law is looking to buy a house. The house he wants has been on the market for a long time, and it's in pre-foreclosure. The owners are underwater on it. He submitted a lowball offer, ...
3
votes
1answer
113 views

How can I claim a tax deduction for home improvements made to my rental property?

Scenario I need to do 5k worth of home improvement in the form of replacing an A/C and a furnace. The property is a rental and I'm probably going to break even this year. On the other hand, I have ...
0
votes
1answer
84 views

To make a Gift Deed or Sale Deed

I live in a house that have a share of my brother. I want to pay my brother share in cash by taking a Home loan. The house is in name of my father. Now I am confused & blank about thinking that ...
38
votes
9answers
9k views

Why would the bidding on a foreclosed property start at the outstanding amount of the loan?

I've read from several reliable-looking sources that if a foreclosed house goes up for auction, the bidding usually starts at the outstanding amount of the loan (plus fees, etc.): Example Money Talks,...
1
vote
4answers
215 views

Best way to save up for a house

When trying to save up for a house, should I make sure that money is put in a bank account and is liquid? Or do I put it into some mutual funds and take out the money when I have enough for my down ...
1
vote
2answers
142 views

Is home ownership in the US only a decent investment beause it's leveraged and tax-advantaged?

Long term, home prices in the US are relatively flat when indexed to inflation. Even in the Bay Area, a market that's seen a lot of recent growth, the S&P 500 has outperformed housing. Ignoring ...
0
votes
6answers
454 views

How do owners of one home make money on the sell-and-buy process?

With school loans diminishing and job salaries rising, there is constant pressure among family and friends to start looking for a home and stop renting. "It's a great investment", they say, "and it ...
0
votes
2answers
61 views

Out of state property for a secured home loan

How can I use a house fully paid in New Orleans as collateral to purchase a house in Washington state? Do I need to have the New Orleans house appraised? In 2010 my dad died leaving me the house he ...
1
vote
3answers
205 views

Saving for a New Home

My wife and I are saving for a new home in NYC. The only debt we have is a student loan (about $26k left at 3%). We have $47k in the bank and our Household Income (HHI) is about $300k. We owe just ...
4
votes
1answer
110 views

IRS ramifications of renting to a family member who also entitled to 1/3 of home (informally)

My mother quit claimed her mortgage-free home to me many years ago. It was understood that she would retain financial control the remainder of her life, although never formalized as a living trust. ...
0
votes
1answer
73 views

Paying off a Line of Credit and buying a house

I have an offer from a friend. They currently have a Loan with a house that they own(no mortage,etc) as collateral. They would like me to take over the Loan in exchange for the property, i.e. I pay ...
2
votes
2answers
84 views

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 ...
0
votes
1answer
66 views

What does the FHA insurance schema actually mean?

Because of my low savings, but high-income/high-credit-score scenario, I'm only able to get my first house by using an FHA loan (as far as I can tell.) I want to do a 3.5% down, 30-year loan for a ...
0
votes
2answers
150 views

Is there a standard way to calculate property joint ownership percentage when one party has put in zero deposit? [duplicate]

Is there a standard formula/convention to calculate the % of ownership on a property based on the following situation I am buying property together with my partner and her mother. Lets assume for now ...
3
votes
1answer
149 views

Is it possible to get a big personal loan for foreign investment?

I'm from the UK, working as a contractor for a US company, earning $30k+ annually, and I want to buy a house costing around $100k in a non-EU country. I need an investment visa to do this. A ...
0
votes
0answers
55 views

Does this situation qualify for homestead? (California)

My MIL is living with us while renting out her house (with about $300k left on mortgage) for additional income. The house is owned under joint tenantship between my MIL and my wife. Her sole ...
0
votes
2answers
92 views

What are my options for tax deductions if buying a house for my sister (complicated)

I am looking at buying a home for my sister to live in and I am trying to figure out if I can deduct any of the interest/payments. This is a pretty special case from what I can tell - I can't tell if ...
7
votes
4answers
447 views

How much can I trust Zillow's “Zestimate” of my home's value?

My wife and I purchased a townhouse almost two years ago. I've signed up at Zillow to receive occasional (monthly?) "Home Report" emails which includes a "Zestimate" of my current home's value, as ...
0
votes
2answers
276 views

How much house can a retired person afford

Consider a single person with a net worth of N where N is between one and ten million dollars. He is retired and has no source of income other than his investments. He wants to buy a home which means ...
3
votes
1answer
227 views

Mortgage Company Holding insurance premium payment til repairs made

I am 70 years old and not in good health and do not know what to do to get my problem solved. My home was damaged by Hurricane Irma Damage estimate: $7500 My deductible was high: $13,200 So I ...
2
votes
0answers
65 views

Who is responsible for verifying seller of property has authority to sell?

I recently purchased a condominium and am now in a situation where my ownership of the condominium is being questioned. The sale was a probate sale where the previous owner passed away and the sale ...
1
vote
1answer
92 views

Claiming more deductions in paycheck to pay house downpayment?

I am in my 20's and single with no dependents and I am saving hard for a home. My goal is buying a place by late 2018. Currently I claimed very few deductions on my regular paycheck so a ...
21
votes
7answers
8k views

Can an unmarried couple buy a home together with only one person on the mortgage?

Suppose there is a couple, Clayton and Emma. Clayton is 26 and has a good job making over $75k a year, Emma is 20 and still in college (she doesn't have any student loans but she has no job and no ...
0
votes
0answers
38 views

How should one determine the value of one’s German home for purposes of Dutch tax? [duplicate]

Edit I am considering deleting this, as I realise it does not apply to me: it transpires that my circumstances are such that I should not have been asked the given question. If I see reactions ...
1
vote
2answers
604 views

What is fair between 10 owners of an estate? [closed]

My father passed away in 2014, and my mother in 2012. They left a will 30 years old. They had my 2 sisters as executors. We were never told anything and they had me and my sister pay rent. I paid for ...
37
votes
6answers
9k views

Buy home and leverage roommates, or split rent?

Currently, I live in a 3 bedroom apartment with 4 other people (5 total), and we are looking to switch apartments because we don't like the place anymore. I started looking around for new places, and ...
-1
votes
1answer
574 views

Is it a wise investment to buy a second home and rent out the first?

I currently live in a house that I own with my parents. 2 years ago I got a job which lets me work remotely,and since then I wanted to move out of state because this house is in an state with killer ...
4
votes
1answer
157 views

Do I have to replace the roof immediately after insurance payout?

I have a $8500 bid to replace the roof after hail damage. Obviously, insurance isn't going to pay out all of it. After the deductible and depreciation, I'm looking at $3700 payout. Are they going ...
-1
votes
2answers
225 views

How to buy a second home while keeping the first and not paying for two mortgages?

I currently live in my parents' house for which I am making the mortgage payments (as a kind of rent). But I would like to buy my own house and move out, and my parents don't want to sell their house. ...
4
votes
4answers
785 views

How do Inspection Contingencies work if the seller offers to fix the problem?

We made an offer on a house and the seller accepted it. Now we did a Home Inspection of the house, and we found that it had unacceptably high Radon levels. The seller has offered to install a Radon ...
1
vote
2answers
184 views

I co-own a house with my Mom. Should I move it under my name 100%?

I purchased a house as a non-occupant buyer with Mom a year ago. It is her home. Good decision at the time for a few reasons and I put down the full down payment (20%). I am thinking that long term ...
0
votes
1answer
67 views

Manufactured home joint ownership

If my sister and I own a manufactured home that I live in and pay everything including taxes for, what are my rights to sell or to remove her from the title? Does she forfeit her rights after so long ...
12
votes
6answers
4k views

Should I invest in my house, when it's in my wife's name?

I loaned my wife about £50k in order to do work on the property she owns. I did this with a documented loan agreement, and she was not my wife at the time. Now we are married, I moved in, and sold ...
-1
votes
2answers
86 views

How do I figure out the next step in deciding to sell my home to the market or to a uniquely interested buyer?

I am going to be selling my house soon. It just so happens that the owners of a rental property next door once expressed interest in our home. (In case it's valuable info: They used to live in the ...
3
votes
2answers
405 views

Second house: buy & sell, or make rental income as landlord

I'm looking into purchasing one or two modest houses (I have the budget for this), both on a mortgage, but renting out one of them. One of these would be a primary residence, and the second an "...
-2
votes
2answers
107 views

Rent Personal Residence from Personal REIT

I can't find anyone who's done this, so I assume it doesn't work, but don't know why not. Let's say I'm going to buy a home. Instead, I create an REIT, the REIT buys the home, and I pay rent to the ...
6
votes
1answer
161 views

What home insurance policy riders does the average person buy?

While researching home insurance policies I found myself wondering how often other home owners purchase certain policy riders, such as water backup and sump overflow protection. Are there any ...
4
votes
3answers
219 views

Can a first home's equity be used to bring down the interest rate on a second home mortgage?

Supposing you have a home worth around $500k which you have completely paid off. Now you want to buy a second home, but don't want to sell the first because it brings good rental income. Can you put ...
23
votes
8answers
9k views

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 ...
5
votes
3answers
150 views

Confusion about PMI payment on FHA

I have been thinking to buy a house but I always thought that I would go for a conventional loan and put 20% down since my credit score is good and also I do not want to pay PMI for life. Now, a ...
5
votes
3answers
307 views

Unmarried couple buying home, what are the options in our case?

Background My partner and I (not married, but together for years and in it for the long-term) both share many of the same goals and all of the same criteria for wanting to own a home. It's worth ...
4
votes
1answer
340 views

How much should I pay monthly on a mortgage compared to rent?

I'm getting near the time when I might start considering buying a property instead of renting soon, and I'm keenly aware of one major fact about this - it's a huge commitment. Not just in the ...
1
vote
3answers
189 views

Renting a home, but want to own instead

I rent my current home in an ever growing expensive portion of the city. I plan to permanently move to this part of the city (as the commute is very reasonable), however I found that the prices of ...
1
vote
1answer
132 views

Should I put money into 401k when I am saving up for a new home?

I am in my 20's and I am aggressively saving up to buy a new home. I also have the opportunity to invest in my company's 401k. My company matches $0.35 to the dollar and up to 10% of my compensation ...