Questions tagged [real-estate]

A tag for questions on real estate or property.

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10
votes
4answers
19k views

Who pays the property tax on a home for the year of sale?

I sold a condo on the 2nd of January this year, and I was a bit taken aback when I got a property tax assessment for that property from the county for this year (this was not a bill just an assessment ...
10
votes
3answers
2k views

If you buy a new home before selling the old one, what could happen from not paying the old mortgage?

I'm researching the process of selling a home and buying a new one. Several articles warn against buying the new home before the old one is sold because you may end up having to pay two mortgages. I'm ...
10
votes
3answers
3k views

To buy a house, is a 20% down-payment required for a mortgage?

My wife and I want to buy a house. The price is well within our means. The mortgage payment would be less than 25% of our gross income and we have no other debt, so we're comfortable with the payment. ...
10
votes
1answer
2k views

What does “sits on all four property lines” mean in Real Estate?

I recently read a listing that said, "The nearly 10,000-square-foot property sits on all four property lines, a rarity in Chicago," Apparently this is a good thing, relating to land and property ...
10
votes
3answers
13k views

If a house is in foreclosure what does the bank own vs what the former owner owns

So we were having a discussion about what we would all do if we were unfortunate enough to have our homes go into foreclosure. I asserted that all the appliances and even window blinds would still be ...
10
votes
2answers
6k views

How to bet against the London housing market?

A lot of people are talking about a property bubble in London and I was wondering: how could you short the property market and bet on a crash? Is there any obvious way? Basically, how could someone ...
10
votes
1answer
2k views

What are the risks in buying a property from a “Tax Deed” auction?

Recently, I was approached by a friend of my wife's, and she said that she and her husband were making a lot of money bidding on properties that went up for sale in our area, at auctions like this one,...
10
votes
1answer
335 views

Should I stop over-paying my mortgage before moving?

In response to this question: Does Bank Manager's discretion still exist in Mortgage Lending a user ("Bryce") commented: Stop overpaying your old mortgage now. Maybe even take out a home ...
9
votes
4answers
11k views

Why are monthly mortgage pre-payments applied to the back-end of the mortgage?

After having paid several years of 'extra' principal payment on my mortgage, I found that the extra monies were being applied the the 'back-end' of the mortgage instead of the 'front end'. The ...
9
votes
10answers
13k views

Buying a multi-family home to rent part and live in the rest

I currently rent the top floor of a two-family house. Our landlord recently offered to sell the house to us, so I started looking at the cost of mortgages and property taxes in the area. It's my ...
9
votes
4answers
567 views

When to find a real-estate agent for buying a first home?

How soon should I find a real-estate agent? I am probably going to buy my first home in September and am assuming I will need an agent. So when should I contact one?
9
votes
4answers
523 views

What are the usual terms of a “rent with an option to buy” situation?

What are the usual terms of a "rent with an option to buy" situation? Is the selling price negotiated ahead of time? What does the renter potentially sacrifice except losing the equity of the rent?
9
votes
4answers
764 views

How should we handle the house if it doesn't sell?

Us Selling our house, quitting our jobs, and moving from the US back to my home country. We have no debts, and that includes no mortgage. Both have good jobs. Location In an area of the US that is ...
9
votes
5answers
21k views

Landlords: what's the maximum amount of time to allow a guest of tenant to stay in a rental?

As the title says, but with these details: I have a rental unit; this situation has come up with a potential tenant. This tenant has an adult daughter, who, the tenant volunteered, has an unstable ...
9
votes
6answers
3k views

Are funeral plots a good investment?

At the risk of sounding morbid, is it worth looking into cemetery plots/mausoleum storage? Is it correct to assume that these costs will increase over time?
9
votes
2answers
621 views

How can I profit on the Chinese Real-Estate Bubble?

How can I profit on the Chinese Real-Estate Bubble?
9
votes
2answers
1k views

Savings advice for a 16 year old with £20,000 - convicing my parents that investing this into a property is a bad idea

My younger brother runs a small yet lucrative business in his free time. He has accumulated around £20k in a very short time. My mother wants him to put this money into buying a property, i.e: a ...
9
votes
4answers
355 views

Can I use Case Shiller values to find an optimal time to buy in a recovering housing market?

I live in the NW US. I've been considering buying a house for some time now. But the market value of a house has been on a downward trend for years. I thought that around October last year the market ...
9
votes
2answers
2k views

How should I move out of my own house?

About a year ago, my mom and I purchased a house. It was something she really wanted and I was pretty much guilt tripped into moving in. After moving into the home and seeing our relationship go ...
9
votes
2answers
1k views

Insurance for a house which is not homeowners insurance?

My wife and I moved last summer, and our former home is still on the market. We were recently informed by our homeowners insurance company that because the house is no longer owner occupied, they will ...
9
votes
2answers
32k views

Construction loan for new house replacing existing mortgaged house?

Let's say I buy a home with an ordinary thirty-year mortgage, intending to renovate the house slowly and live there a long time (ten years at least). Five years into the mortgage, however, I decide I ...
9
votes
4answers
3k views

Gift house to parent then inherit it back to increase basis?

(Question for USA taxes.) Let's say that I have one remaining parent who is quite advanced in age. I own an investment house that has appreciated in value significantly. I want to sell it eventually, ...
9
votes
1answer
113 views

Can capital gains or rental income be used for contributing to a retirement account?

If my wife is considered a real estate professional, and she buys a house to flip, can the gain be used to fund a tax retirement account i.e. SEPP or a 401(k)? Can the rental income from rental houses ...
9
votes
2answers
390 views

What investments are positively related to the housing market decline?

What investment sectors/areas generally go up when housing prices decline?
8
votes
3answers
671 views

Pros & cons of renting out personal condo during my work hours?

I work 9 - 5 and during the daytime on weekdays, my expensive condo is rather empty. What are some good ideas that I can rent the space out to some artist/yoga teacher during the day and make a ...
8
votes
5answers
4k views

Pay off car debt, or start (value) investing?

I am looking for a method to calculate - or estimate - whether it would be better to pay off car debt or start value investing in stocks. My history: We are soon to get about 1900 USD/month in ...
8
votes
4answers
7k views

Are parking spaces and garage boxes a good investment?

Suppose, the following scenario: You have an investment budget available to buy a parking space or garage box. (In Belgium that would be around €25000 ($30K).) currently the saving accounts make less ...
8
votes
2answers
2k views

Do building owners own 100% of the building?

For example, a company owns a tower in NYC. In this tower there are several apartments that are sold to the public. If people end up buying these apartments, does the company now have less ownership ...
8
votes
2answers
616 views

What benefits do “title search companies” have over physically visiting a land records offices?

I am looking into buying my first piece of real property. Basically my question is "why do title search companies even exist?". Who uses them? And why? Are they doing something special apart from ...
8
votes
5answers
639 views

Home owners association for houses, pro/cons

(there is a question about home owners associations for condo communities here, so this is a) not a duplicate and b) fit for this website) In most contexts where I hear about a home owners ...
8
votes
4answers
2k views

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 ...
8
votes
4answers
1k views

How to calculate the total return on buying a home?

How to calculate the total return on buying a home, considering things such as : home value down payment constant mortgage payment (going from mostly interests at the beginning to mostly principal at ...
8
votes
3answers
5k views

Is it possible to have 2 residential mortgages at the same time in the UK?

I have recently taken out a residential mortgage on a property that I live in with my family, the property belongs to my parents as they made the payments for the mortgage deposit and they also make ...
8
votes
4answers
1k views

How to incentivize a real-estate broker to find me a cheap house

I am looking for a house to buy. Most real-estate brokers that I know of represent the sellers. This means that they get a certain percentage of the selling price. This means that they have an ...
8
votes
3answers
817 views

What argument(s) support the claim that long-term housing prices trend upward?

The eminently useful New York Times Buy or Rent calculator assumes a 3% average annual rise in home prices. Curious whether that value made sense, I did some research and came across the views of ...
8
votes
3answers
683 views

Can value from labor provided to oneself be taxed?

I am considering taking time off from work in order to build a new home in which we would live. It would be my full time job for which no income stream would be generated and would be self financed. ...
8
votes
1answer
26k views

How do I sell a home that's owned jointly if my partner doesn't want to sell? [closed]

I own a home jointly with a partner. I have made all the payments, taxes and insurance since the beginning. I have a buyer for the home but my partner does not want to sell. How can I override his ...
8
votes
1answer
1k views

Can I bring a real estate agent with me after my first visit to a new home?

I am looking to buy a house, and I am a first-time buyer. I am reading a book on home buying, and it says the following with regard to new homes: "You might have to deal with the developer's ...
8
votes
1answer
228 views

Are “investment clubs” worth investing one's time in?

I've seen investment clubs that meet around my area (well, 50 miles from here). Some are generic and some focus on real estate investment. My questions: Is it worth attending the meetings for these ...
8
votes
4answers
2k views

Should we use an expected inheritance to invest in a rental property with cash, i.e. no mortgage?

My wife and I will be getting an inheritance soon. There are many ways to invest this money. One thought we had was to take advantage of the down real estate market and buy a house for a rental ...
8
votes
2answers
1k views

What is the best way to short the San Francisco real estate market?

Best as in: 1. Liquid 2. Minimum borrowing costs
8
votes
1answer
134 views

Capital gains when a spouse passes away

I live in California. My husband and I had a trust and when he passed away in October 2017 his half of our condo went into an exemption trust for his two children from a previous marriage. We bought ...
8
votes
3answers
2k views

Wife wants to buy me out of our house - how to do this?

My wife and I want to separate, and have agreed in principle that she will pay me half the value of the house we share and I’ll move out. As she has just inherited a large amount following her father’...
8
votes
2answers
174 views

If Case-Shiller offers seasonally-adjusted indices, does that mean there's a good time to buy houses?

Saving up to buy a house in a few years, so right now I'm just watching the market to get a sense of the region. I noticed that the Case-Shiller index has seasonal adjustments, which make sense to me ...
8
votes
1answer
528 views

How can I trade my 20% inheritance equity to a sibling for real property in their name?

My father passed away in July 2014. His residence was willed equally to his 5 children. One of my siblings wants to buy the property from the rest of us but needs a bigger equity share to get a loan. ...
7
votes
2answers
7k views

Split buying a house 3 ways. How do I approach this?

A couple of unrelated friends and I are interested in buying a condo and splitting it three ways. We will be using it interchangeably as a rental property as well as living in it ourselves sometimes. ...
7
votes
6answers
2k views

Does the growth of home value benefit from compound interest?

I read Investopia's definition and my take away is that compound interest applies to an investment that yields some return on a regular basis and that yield is reinvested in that instrument. If I have ...
7
votes
5answers
2k views

Making an offer on a property - go in at market price?

My roommate and I have talked about purchasing a home together and with interest rates being as low as they are, and the fact that we'd be able to get pre-approved for a good amount we decided to give ...
7
votes
4answers
850 views

What are my investment options in real estate?

In a nutshell, I'm 21 and I'll be starting a job soon which will give me a fair amount of spare income, which I would like to look into investing. What are my options here? I'm considering investing ...
7
votes
6answers
681 views

Is it a good idea to buy a house with a low ARM monthly payment, then rent it out?

I'm looking around for houses in my college town to rent to others, and I've found a decent 4-bedroom house with an interest-only 5 year ARM monthly payment (of $1700). Assuming I have enough to ...