My wife and found a house that was $200,000 which is way below the market value in that area. The house needs some work like carpet/flooring, sliding glass door is broke and broke down appliance and lots of painting. we have been pre-approved for fha. I was wondering if we could ask offer 210k and ask for 10k back at closing for repairs. Keep on in mind it is a bank owed property
A person enters into a contract to purchase a property but title remains in the name of the seller for a year. Who gets to collect the rental from the property? Presupposing that the money for the sale is fully paid. What specific law applies to this situation?
Bought property in a new orleans tax sale. I am in doubt as to my legal rights to collect rent from the current tenants , as well as how to serve notice that I must receive said rent. May I make renovations under these terms on an occupied residence.
It has been over a year since the sale of the property. The individual has purchased a property in cash – owner occupied. This would be an additional property on a mortgage. Credit is unblemished besides short-sale.
Real Estate Question
What I was planning to do is to put the house for rent with one agent and at the same time, put the house for sale. I have tried going with just one but I am not having any luck in finding prospective buyer/renter. So I thought about putting it up for rent and for sale at the same time.
I don’t want to put the house for rent by two different agents. Each agent would be responsible for rental/sale respectively.
Can you let me know if I am still required to pay rent to my landlord, when the property is going up for sale on 7/29/09?
I am a U.S permanent resident and over 8 years ago I inherited my dad’s house in Venezuela. I just sold the house below the market value and I never made a profit from the house, I even spent money keeping it. Do I have to pay taxes for that sale and bring the money into the US? – Additionally I know about the SAR, do I have to submit any paperwork to the bank before the wire transfer so they do not consider that transaction suspicious?. Thanks
This house I’m interested in buying has taxes that are $1100 higher than every single house in the area. While browsing my county’s property taxes website for information about this house, I saw that the actual taxes for this house (school and county) for 2008 are $2700. (compared to $3865 listed on every real estate website). Why is there a discrepancy in the real taxes and the taxes listed? Also, this house’s assessed/market value is $100,400 (listed for $99,800) even though every other house on the same street (all 50′s era cape cods in exact same condition and they have a higher land value) are assessed at $83k and below, which in turn makes the taxes for this house even higher than they should be. I am interested in buying this house but can I have the assesed/market value and property taxes fixed beforehand so that I can offer less ($85k or so) and pay less taxes on the first mortgage payments? And if so, who exactly do I speak to since I don’t own the house?
Thanks for your advice. ^.^
The assessed value is $100,400 and the market value is $112k, but the kitchen and bathrooms look like they haven’t been updated since the house was built!
Why call it a “short sale” when it takes forever to process a sale of the property? who benefits from it?