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Questions tagged [house]

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10
votes
2answers
7k views

Offered money to buy a house, seller is asking for more to cover gap between their listing and mortgage owed

I am purchasing a house, and apparently the seller owes more on it than what he listed it for. His realtor is now asking me if I can come up with 4000 dollars to be able to close. Is this legal? If I ...
0
votes
3answers
294 views

Is it a good time to buy a house now? [closed]

I saw a few houses, and decided to buy one of them. A condo originally priced 210,000, and they accepted my 193,000 offer. I'm a first time buyer, with zero experience and my agent helps me with ...
3
votes
4answers
371 views

Made an offer to buy an apartment, but the actual size is smaller than the one that was promised

Some time ago I decided to buy an apartment, so I started looking for one. I found one, sold through an agency, that I liked. The description on their website reported (and still reports even now as I'...
0
votes
1answer
339 views

Buying a house over a long period of time without a mortgage

I will soon receive a sum of money which will allow me to pay all cash for a house. However, I'd rather pay for the house over a long period of time. I would like to put the unspent money to work in ...
1
vote
1answer
75 views

House under-appraised (tax appraisal)

I know someone whose house was massively under-appraised (tax appraisal) after it was constructed on their lot due to some sort of glitch or misunderstanding. It turns out the appraisal was much ...
2
votes
1answer
162 views

Signing house over to next of kin

A friend has been considering signing her house off to her children (48 and 47 years old) but believes that there is an age limit which she has passed, supposedly 60 and she is now 70. Is this a real ...
3
votes
1answer
126 views

What are risks / expenses to buy a house in Germany?

I think about buying a house in Germany (Frankfurt). How can I learn full list of expenses I should pay next at least ~15 years? My friend scares me that there are always hidden problems like central ...
2
votes
0answers
61 views

Sane master insurance policy for two-unit condo association

I live in a two-unit condo building (conversion from old house) in Massachusetts, and both units are owner occupied. Our master insurance policy for the condo reads like it is meant for a large condo ...
1
vote
3answers
261 views

No down payment for a house

I'm 19 I don't plan on owning a home until I begin my new career as I'm almost certain they won't have me stay at my home field location. So as of right now I'm trying build up my emergency savings. ...
5
votes
1answer
204 views

Finding problems with house after purchase

We recently bought a house in Nebraska, USA. I am British and this was my first experience of the US home buying process (and I hope my last!). I am hoping for some guidance as to whether either the ...
4
votes
2answers
186 views

HTB ISA/ Lifetime ISA - combining them to use for a house deposit

I opened a HTB ISA with Halifax (paying 3.5%), as soon as they became available in December 2015, and have been contributing the maximum amount since. I then opened a stocks & shares LISA (with ...
3
votes
1answer
127 views

UK House buying deposit from sale of current property?

We've just started overpaying on our mortgage so it costs us less in the long run due to interest. However at some point in the semi-near future, we'd like to move house. With this in mind, should we ...
3
votes
5answers
1k views

New car: buy with cash or 0% financing

Here's my current dilemma: should I buy the new car I'm looking at with cash or have 0% financing for 72 months? For reference, here is some info about me: I am currently living at home. My plan is ...
0
votes
2answers
273 views

Math Behind Buying a House with Calculations

This is a follow-up question to Math Behind Buying a House As many answers pointed out, my calculations in the previous question were flawed. What do you think about the updated calculations below ...
33
votes
9answers
15k views

Math Behind Buying a House

Is following calculation correct? I spend $1500/month on average on rent. If I rent for the next 3 years, I would be spending $54,000. I can buy a house for $220,000 today and spend the same amount ...
7
votes
4answers
5k views

Townhouse or stand-alone house for a first home?

My question is- What are some of the pros and cons of buying a townhouse vs a standalone house for a first home for my girlfriend and I? Some potentially relevant information: We live in the US and ...
5
votes
1answer
255 views

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 ...
7
votes
1answer
285 views

Contribute extra to companies 401k with the intention of withdrawing it for house down payment?

My company has a generous 401k program, they contribute 50 cents for every dollar that I contribute, with a very high maximum contribution. Let's say I plan to contribute $10k per year for my ...
2
votes
2answers
705 views

Bought a house last year should I hire a tax consultant?

I generally do my tax returns using Turbo-tax. It is generally pretty straight forward, single salaried employee filing returns. In the last tax year, I got married and bought a house. It makes me ...
3
votes
2answers
144 views

Replacement or Similar savings scheme to the UK's Help to buy scheme

I am looking to move out in the next coming years, whether that is just to a flat some where or a full house is not decided yet. After talking to a work colleague who is currently trying to buy a ...
5
votes
1answer
529 views

How to prepare to purchase a house? (Germany)

I'm in my late twenties and want to prepare for my future life. I've no debts and a small amount in savings, but I'm going to need some for my marriage this summer. Now I want to prepare for our ...
6
votes
4answers
995 views

Buying a mortgaged house

If someone owns a house that is not paid off (still mortgaged), can someone buy it by taking another mortgage? What kind of offer would be most sensible? I assume that in this case the current owner ...
1
vote
2answers
91 views

What are my best options if I don't have a lot of credit lines for housing loans?

I've been denied for a pre qualify loan by Bank of America for a house recently due to having insufficient credit lines. I do have a credit score that is good and everything else is fine. I think it ...
25
votes
8answers
5k views

Does this sound like a great idea regarding being a landlord and starting a real estate empire?

I want to build a small empire of my own over time in real estate. I want to pay 20% for a house and rent it out for a small profit (hopefully make around 3 - 5k a year in profit) and then pay it off ...
2
votes
4answers
795 views

Buying a house. I have the cash for the whole thing. Should I still get a mortgage to get the homeowner tax break?

My girlfriend got some family money and is planning to buy a house. She has the money to purchase the house outright with cash. But she is thinking of putting 50% down and get a mortgage for the ...
1
vote
1answer
194 views

I want to invest and save for my house downpayment at the same time

I live in San Diego,CA and as most people know, housing prices are no t very cheap in here. Now, I hold some thoughts when it comes to money: You should always invest in 401k If you have leftover ...