Questions tagged [house-sale]

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votes
1answer
86 views

Pay the downpayment in 24 months or save money then pay the downpayment in 1 go?

I am planning to buy a house. In our region, you have the option to either pay the downpayment in a monthly basis if it is too much of an amount for you. That is the first option. 2nd option is to ...
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3answers
231 views

Splitting home sale when not everyone paid mortgage

My friend and her husband bought a home with another friend. The friend contributed a small amount for the down payment and has been paying rent but is listed as an equal co-owner on the deed. The ...
2
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2answers
228 views

Sold one house but not planning on buying another for several months. What to do with the funds?

So some background. I recently sold my first house to move for a new job. The housing market is much hotter here than where I was. I am looking for a house, but am comfortable in my current ...
0
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1answer
142 views

What's the process for buying a house in Mexico, Central America or South America?

What is the process of buying a house in any Latin American country that anyone is familiar with for a U.S. citizen? I know the 50km border/shore zone law, but what does the process entail. How do I ...
1
vote
3answers
196 views

Selling house tender vs auction, which gives the best price?

If I want to sell my house, what is most likely to give me the best price? A tender (where people submit their offer in writing, which are all compared on the closing date) An auction (where ...
0
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0answers
25 views

Buying house through assignment of contract

I'm thinking of buying an investment property through an assignment of contract. I plan to do normal inspections and title search, just as I would with a conventional sale. Assuming title is clean, ...
0
votes
0answers
30 views

Which is the best way to sell a house in Italy to a foreign investor?

I bought an apartment in Venice (Italy) in 2013 with my ex GF. The plan was to renovate it and move there. She broke up with me after some months so we have never had the chance to live there. The ...
37
votes
9answers
12k views

'For Sale by Owner' - who pays the Buyer's realtor?

If I list my home and hang a sign out 'for sale by owner', and a realtor brings a buyer in, who wants to buy it, who's going to pay the realtor? I did not hire him, so I don't want to pay for him. ...
7
votes
3answers
312 views

What is the most financially appropriate approach to flipping and selling this home?

A few years ago, I purchased a home at $142,000 that has 12 bedrooms, 4 full bathrooms, a workroom, a basement with cement flooring, and an attic. In my divorce, it was awarded to me, as my ex was ...
5
votes
1answer
217 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 ...
3
votes
1answer
254 views

Should I be concerned about inherticance if sibling is living with parents?

My parents are about to retire this year, and have a comfortable pension from my Dad's various trade jobs he's worked over the years ($120,000.00/year), which is corrected for inflation each year. ...
0
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2answers
291 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
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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 ...
11
votes
1answer
695 views

I want to list my home for 2.5 million with a flat fee broker. Do I still have to pay buyers agent 3% commission?

I am located on Seattle's East Side where the real estate market is hot and inventory low, so I doubt I'm going to have a difficult time selling my home. 99% of buyers first search online to find the ...
3
votes
2answers
189 views

Pay off taxes with new home loan

Bought our home for 230k in 2010. It will now sell for 390k. We are interested in buying our "dream home", which is 520k. At this time we have $6k in owed taxes. Is it possible during the sale of ...
0
votes
1answer
110 views

What are the risks involved with a Bridge Loan? [duplicate]

We are buying and selling a house. Our new house closes one day before our current house closes, therefore we require a bridge loan to make the down payment. I would like to understand the risks ...
-1
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2answers
96 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 ...
30
votes
9answers
12k views

Can I buy a new house before selling my current house?

I am looking to sell and buy a house. But with the current market being as crazy as it is (houses are selling fast for sometimes 150,000 over asking), I'm afraid if we sell first, we could be stuck ...
0
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2answers
1k views

How to divide Equity in a co-owned home?

Five years ago my girlfriend and I purchased a home. I put down $65,000 of my own money The rest came from our joint account ( around 20k). We have since broken up and have about $150,000 in ...
3
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1answer
420 views

Freehold vs Leasehold - Selling

What are the differences between freehold and leasehold houses/flats when it comes to selling?
3
votes
2answers
792 views

How to use proceeds of old house sale shortly after buying new house?

Here's the story: Paid off Mortgage #1 for House #1 Bought House #2 with Mortgage #2 (30 year fixed at pretty good rate) Sold House #1 after about 4 months of paying down Mortgage #2. My question ...
1
vote
1answer
480 views

Sale of house profit gifted to child

Financial Details: House purchase price £125k. Estimated market value £180k. Parents combined yearly salary £65k. Childs income £35k. Explanation: My parents purchased a house in 2013, with the ...
1
vote
2answers
92 views

Selling house, better to have renter or not?

I own a house (single family detached home) in an area where about 25% of the houses are rented either partially or fully. If I want to sell the house would it be better to have a renter or not? ...