In need of your real estate help!

[trailmix 77]

I really like this site for its setup: Zillow

I can't find that foreclosure site I was referring to. Hopefully, Trailmix bookmarked it. I'm such a loser.

I don't have it! I just looked in my messages here and i'm down to deleting our 'houses' convo - but...I now need to go look in my regular email!

[Krikit 1,163]

I really like this site for its setup: Zillow

I can't find that foreclosure site I was referring to. Hopefully, Trailmix bookmarked it. I'm such a loser.

I don't have it! I just looked in my messages here and i'm down to deleting our 'houses' convo - but...I now need to go look in my regular email!

#######! I already did all that. I can't believe I didn't bookmark it.

[trailmix 77]

I really like this site for its setup: Zillow

I can't find that foreclosure site I was referring to. Hopefully, Trailmix bookmarked it. I'm such a loser.

I don't have it! I just looked in my messages here and i'm down to deleting our 'houses' convo - but...I now need to go look in my regular email!

No, not in there that I can see.

[Krikit 1,163]

[trailmix 77]

No website for you!!

[Krikit 1,163]

No website for you!!

I am so mad at me!!!!

[Flames9_RN 358]

Watch out for foreclosed properties or "short sales" they can take a long time to complete the sale!!

As well many owners gut the house if they are going to loose it--they sel everything includign the cupboards, so they may look nice from the outside, but inside totally different story

[thetreble 19]

Watch out for foreclosed properties or "short sales" they can take a long time to complete the sale!!

As well many owners gut the house if they are going to loose it--they sel everything includign the cupboards, so they may look nice from the outside, but inside totally different story

My agent warned me about the foreclosed property taking a long time to complete the sale. Are they allowed to take stuff out of the house if we have bought the house? The reason I ask is because I'm looking at a house tonight that supposedly the bank is taking over and its GORGEOUS inside! Would they be allowed to take stuff from the house?

[Flames9_RN 358]

They usaully do this just before loosing the house. idiots

[Sprailenes 47]

haha Mike is trying to get me to buy a home, a condo or a townhome that we can rent out when we go back to Canada. But I just don't feel comfortable attaching myself to anything. In other words, I have a hard time with commitment.

His parents are like: "But it's the American dream to own a home!"

Well I guess I just ain't dreaming hard enough.

Edited October 16, 2008 by Sprailenes

[Emancipation 2]

hubby said he went by his old house in MD this week.. it had a foreclosure sign on it. the front window was boarded up like it had been smashed, and when he peeked in the windows, the paint color was the same as when he lived there. Now almost 8 years later the property value has dropped almost 80K.. YIKES. He said the condition of the house was almost enough to make him cry (He had the house built 8 years ago). Poor thing.

[Krikit 1,163]

Awwwww. That's so sad.

[Enlighten one :) 5]

I have not read the whole thread so forgive me if someone has said this already.

When you right and offer on the house, right the offer for a certain amount and ask the home buyers for money in return. Usually in a good market you would offer them what they are asking and then ask for $5000 for closing cost. Right now the market obviously is not so hot. So you would not want to offer what they are asking and still ask for money at closing.

If they house needed a significant repair you could ask for that money too, but would need a building inspecter and an estimate of what it would cost to fix.

I hope that helps.

Hey Guys and Gals,

As some of you know, my hubby and I have been looking to purchase a home. We thought we had enough money saved up but us as first time home buyers and not thinking about closing costs, I didn't realize how much they were. I went on the Chase site, our potential lender, to get a rough estimate and they are giving me about $6,500 to 7 respectively for closing costs.

Do any of you know which of the CC are negotiable from your experience?

Also, can someone with a real estate brain explain to me what "points" mean on a mortgage!

Thanks in advance.

[thetreble 19]

haha Mike is trying to get me to buy a home, a condo or a townhome that we can rent out when we go back to Canada. But I just don't feel comfortable attaching myself to anything. In other words, I have a hard time with commitment.

His parents are like: "But it's the American dream to own a home!"

Well I guess I just ain't dreaming hard enough.

So now you are are moving back to Canada?? Don't leave me!! haha

That is really sad E, especially because he built the house. Looking at all these houses...some of them are so shady. Either the area is shady or it hasn't been updated in 50 years. As first time home buyers, we do not have the equity to put money into anything for a few years at least. Therefore, I can't buy a fixer-upper.

[Sprailenes 47]

haha Mike is trying to get me to buy a home, a condo or a townhome that we can rent out when we go back to Canada. But I just don't feel comfortable attaching myself to anything. In other words, I have a hard time with commitment.

His parents are like: "But it's the American dream to own a home!"

Well I guess I just ain't dreaming hard enough.

So now you are are moving back to Canada?? Don't leave me!! haha

That is really sad E, especially because he built the house. Looking at all these houses...some of them are so shady. Either the area is shady or it hasn't been updated in 50 years. As first time home buyers, we do not have the equity to put money into anything for a few years at least. Therefore, I can't buy a fixer-upper.

Not now but eventually. Like I said I don't know, and I am so afraid to tie myself to something because well..I don't know.

I mean right now I plan it, but who knows in a few years right? Thats what I'm afraid of. I guess I find it hard to commit myself at all...to anything. I'm terrible.