My boyfriend and I are in the midst of bidding on a home in Warwick, RI. We love the set up of the home. There are some problems with the property, though. The furance is dead, the house needs siding, there is some dry rot on the window sills, and there is mold in the basement because of a burst pipe, and the yard is in terrible shape. The home was built in 1955. The home is also right now a bank owned property, foreclosed on a few months ago. It is also very dirty, some of the floor and carpeting must be replaced. The home was put on the market for 9k, and another home a street over was priced the same, but has no issues whatsoever, sided, beautiful. The home is assessed for tax purposes at 4k. The last mortgage on the house was for 7k total. Because of all the work, we bid low, at 0k. What are the chances the bank would accept, or counter with a similar price (under 0k). The house has been market 32 days, and there are tons of other foreclosures in this area.
I am just looking for some some info, what people think we could get the house at, etc. We are also putting k down, and put that we were willing to close in 30-45 days.
A Little More Info, We have been pre-approved for our mortgage, and were qualified for a 100% financing, but want to put at least the ,000 down.
Follow the adventures of Bob and Sally as they learn all about the Washington State Housing Finance Commission and the programs it offers for home buyers.
What is the first step in buying a home? That’s the most common question asked of Keller Williams Broker David Patterson. David answered this question on The Charles Campbell Show.
I move into my new place at the end of the month
im 20 years old and this is my first home, its a unit not a house
What are some money saving tips?
How much does food cost a week to buy to live off,
i live at home at the moment so i dont have to worry about food/bills.
I have a full time job clearing 600 a week after tax so i know i will be struggling for a bit until i get used to it.
If you are a tax practitioner, enrolled agent, CPA or other tax professional, you’ll want to go to the 2010 IRS Nationwide Tax Forums. Find out when, where and what you can learn at one of the year’s most anticipated continuing education events for tax professionals.
Welcome to the Edmonton Real Estate Home Specialist Video Blog in this episode Gerard Hagan talks about the concern of his first time buyer. Gerard Hagan your Edmonton Homes Specialist also talks a little about REIN Canada and investing in Edmonton. If you have any questions, concerns or comments please feel free to contact Gerard Hagan or Janelle Austin at info@bestedmontonrealestate.com
Senior Vice President of First Preferred Mortgage Company Hale Walker was featured on FOX 2 Detroit on October 5, 2009. Hale discussed what first-time homebuyers need to know before jumping into the real estate market. For more information, visit www.firstpreferred.com
Today more than ever homeowners need to focus on creating a comprehensive plan for marketing their property. Use this video to learn why RE/MAX agents are uniquely qualified to help you successfully market your home in today’s real estate market.
My hubby and I are looking at some very affordable brand-new homes closer to my husband’s work. We are in our 20′s, have a toddler, and I am 10 weeks pregnant. Within the next 4 months or so we plan on paying off to big bills which will free up quite a bit of money each month. I know the basics when it comes to buying a home (kinda), like the mortgage can’t be than 28% of our net income, and to not use the same real estate agent that listed the house. Do you have any great tips at all? I would appreciate it. Thanks!
I live in Cincinnati and we are looking to move to northern Kentucky around Florence, Walton, Erlanger, or Crestview Hills
Senior Vice President of First Preferred Mortgage Company Hale Walker was featured on FOX 2 Detroit on October 5, 2009. Hale discussed what first-time homebuyers need to know before jumping into the real estate market. For more information, visit www.firstpreferred.com
www.pbs.org PBS Airdate: March 30, 2009 Nightly Business Report’s tax guru, Kevin McCormally of Kiplinger’s Personal Finance, explains the two different tax credits first-time home buyers need to consider. Catch McCormally’s tips Mondays in March and early April 2009 on Nightly Business Report. For more information visit: www.pbs.org
I have a brand new house, it is one year old. When we got it, we paid for a thorough home inspection, and our house is in tip top shape. Our one year waranty is expired, and we can extend it for three more years for 6. It it only structural and for the ac unit and stuff like that. Is it worth it? Everything is brand new, and I hear these companies will go out of their way to not have to pay for stuff.
Here’s a Tip from the IRS. . . Did you buy a house or a condo recently? If you did, it could mean money in your pocket. Thats right, if you bought a home last year you could get a 75-hundred dollar interest-free loan – courtesy of Uncle Sam — and you have 15 years to pay it back. On the other hand, if you buy a home this year before December the first, you can get a tax credit of up to eight-thousand-dollars either on this years return or next years return, and you dont even have to pay it back. To learn more about the first-time homebuyer credit go to IRS.gov.
