I may inherit 1/3 of a large parcel of property with a home on it valued at well over 1 million today (not including all its contents). What do I need to know about this possible future inheritance on this property which is not yet paid off? [more inside]
I recently bought a flat in the UK and am a little confused by the Buildings Insurance policy taken out by the freeholder. I'm a first time buyer so this is all new to me. Can you help me? [more inside]
Small Claim - GC takes $, no contract happens, GC keeps $... Legal assistance please. [more inside]
I want to buy the empty lot next door (a big empty yard where they tore down a house last year). And then I'll basically just have a bigger yard. I found the owner through the county auditor website, and he is deceased. What do I do? [more inside]
Four days ago, we got an email from a realtor introducing herself as the person selling my landlord's house. She's been incredibly aggressive and rude in regards to viewings, and we do not trust her to respect our wishes if we ask her not to show the house at a certain time. It has been incredibly stressful, and it's only been one week. What are our rights here (detailed questions also within)? [more inside]
My ex and I are trying to figure out how to transfer the house to her without me losing all of my equity. Unfortunately, she can't afford to just buy me out, and can't qualify for a new mortgage on the remaining loan balance if she's got a loan to me as well. I'm looking for recommendations on finding a lawyer to help vet a legal agreement, and any specific legal methods for making this happen. This is in Denver, Colorado. [more inside]
We’re unexpectedly inheriting a house and we have a week to decide what to do with it. [more inside]
I want to buy a house (in SE England - within commuting distance of London - so I'm having terrific fun, obviously). I found a nice converted pub that's in my price range; I've been for one viewing, liked it, and will be going back for another viewing on Saturday. It's a recent conversion of what looks to be a rather old building. Is there anything particular I should be looking out for or asking the agent about, in addition to the standard things I'd check for in any older house? [more inside]
I live in Ontario. A local farm agreed to let me fence off various sections of their 90+ acre farm to house some tamed, educational wildlife for my nonprofit. I want to build the enclosures this spring, but neither party has any idea how to negotiate the terms of land use and financial compensation. I am looking to rent or lease x acres for a minimum of one or two years. [more inside]
My wife and I have a rental property, and it's basically one headache after another - and worse, it's costing us money every month. I need help! But I'm not sure where to go for sound advice. [more inside]
Asking for a friend: How do I get rid of a large, locked trailer (full of tools and what not) that doesn't belong to me but is sitting on my property? [more inside]
My friend is inheriting a house and some land in Connecticut. There was some confusion about property lines and some chatter re: possible "restrictions" on developing the land, so they got a new property survey. There is a note on it "Rights, restrictions, encumbrances, covenants, easements, etc., as per the record may appear" Question- 1. How do they know the property is clear (if that is the right word)? 2. How to determine the current market valuation? Start w/ an Appraisal and Home Inspection? 3. Is the survey deductible? Any other thoughts are welcome.
I've been looking at real estate in County Cavan, Ireland and have a question about the wording. I notice that the word "derelict" is used - does this have a specific meaning in Irish law as it relates to property, or are they using it in the common sense of neglected? There are a lot of properties that are described as derelict but look entirely livable with a few weeks labor. [more inside]
I'm considering buying residential property to rent out, either in Portland, ME or Orlando, FL. Quite different scenarios, so the decision isn't really apples-to-apples. [more inside]
If I wanted to buy a house or condo in a distant state as an investment, and I had an opportunity to buy a place outright, with tenants and leases already in place, should I? How about outright but sans tenants? More info within. [more inside]
My friend is buying a house and received the original 1942 deed to the place, in Arizona. There's a (blatantly racist) provision we're having trouble parsing. [more inside]
My Dad owns about 20 acres of land in a small town that he wishes to give to my brother, my sister, and myself now, not when he passes. My siblings and I plan to split the proceeds of the sale of the land evenly amongst us. Which way, tax-wise, would maximize the amount of money we receive from the land in the end? Should my dad give the title/deed to us first and we sell it, or Dad sells it and then gives us the money from the sale of the land? [more inside]
I am saving up for the down payment on a co-op apartment here in NYC. I'll estimate the sum of said payment to be in the $30-$50K range, based on current co-op prices and a down payment requirement of 20%. [more inside]
It's been a few months since I bought my house, and I've received a questionnaire from the local assessor asking for details about the property. I plan to answer all the questions truthfully to the best of my knowledge and ability. Beyond that, do you have any advice on responding? [more inside]
I'm considering forming an LLC, purchasing an event property (former church), and renting it as an additional income source - primarily for weddings and catered events. Assume I'm completely green in this industry - which is almost true. [more inside]
A large tree across the street fell on my car while I was sleeping and did a fair amount of damage. After getting two repair estimates as requested, the town's insurance company decided they have no responsibility as they didn't have prior knowledge of any problems with the tree. Is this the end of the story? [more inside]
Loan for renovation of NYC Co-Op Apartment? (no HELOCs/mortgages). [more inside]
tl;dr: If you were looking for a place in the U.S. where you could own some land, in beautiful, lonesome country (utilities entirely optional) -- ideally in the mountains or the high desert -- on which to live intermittently throughout the year, where would you look? [more inside]
My neighbors, who are renters, have put lilac bushes, flowers, and landscaping several feet into my property. I've nothing against flowers and landscaping, but I would not have chosen to add this to my land in this particular configuration, and I am concerned about the idea of encroachment on my lot. How should I respond? [more inside]
I am considering two properties for purchase. One of them is straightforward and the other is complicated (multiple parcels, over 20 acres of land, has tenants living in the cottage, needs to be significantly renovated). I am looking for those with experience to offer advice on whether purchasing a property with major issues like this is worth it. [more inside]
The property behind our subdivision is large (~6 acres) and has been sold to a developer. Developer wants to put in 92 townhomes. I'm all for people doing what they want with their property, but this will have a great impact on our homes. We have a small creek that can't handle that much runoff. This neighborhood will have one entrance/exit for the 92 homes and back up traffic on our road. They will fell a lot of trees. My house might lose value. Any ideas? City council meeting is tonight.
This winter we bought a house in a Boston, MA neighborhood. A couple weeks ago, our next-door neighbor put up an ad-hoc fence using plastic netting and some flimsy spikes. The fence promptly fell over. They've since replaced it with this fence. I do not want this fence to be there. How do I get them to get rid of it? [more inside]
My boyfriend and I would like to rent a nearby office space to use as....well, office space. However, neither of us have enough freelance income to justify the cost on the application papers. [more inside]
Any economics geeks out there who can point me to how the government calculates intellectual property now in GDP figures? Is there information on how they calculate the value of a movie versus a TV show versus a book? I've seen some articles that say news shows and newspapers don't count towards the intellectual component of GDP, but is there a thorough explanation anywhere?
I'm buying a house for the first time and trying to figure out the best way to approach things. I've found one that seems perfect and the asking price is within my budget. However, after a few years of nothing moving things have suddenly picked up, and everything I've looked at over the past month has moved to Sale Agreed really quickly and has gone for above the asking price. I'm trying to work out whether to be aggressive about my offer or not. I'm in the UK so not sure if that makes a difference. [more inside]
I own a condo in Chicago (in a trendy neighborhood) in a building that has no rental cap and is mostly renters. I'm interested in trying to sell it myself, and am interested in thoughts on what sort of things I'd want to do to make it particularly interesting to investors rather than owner-residents. [more inside]
Recently went for a viewing of a 2 bedroom condo for rent and the landlord has created a third makeshift room in the living room which is also available for rent. Is this legal in Canada? [more inside]
I ran a Kickstarter last month to develop a language learning app. It ended up getting a lot of media attention and doing really well. I'm a few days into setting up the business side of things, as I prepare to actually *receive* the Kickstarter funds, and I'm wondering whether I have any protections from a bigger company coming in, using my ideas and making their own competitor products. [more inside]
How do I file to get the money back that was withheld at the closing of a condo in New Jersey? [more inside]
I'm in a pickle - I own a house that I've been renting out for several years but things recently soured with the tenants and property managers and it is now vacant. Listed for sale but market is painfully slow - should I hold out for a buyer or list it for rent again? [more inside]
Pros and Cons of a Private Long Lease? I'm looking at property that must be purchased via this method (rather than fee simple or gov. long lease). Anyone have any pertinent information? [more inside]
My mother has suddenly got into a position where she cannot afford to keep up payments on her mortgage since retiring. The amount left she has to pay is £14,000. I have a mortgage of £72,000 left to pay on my own house. How do I go about tacking the £14,000 onto my own mortgage and swapping houses so she lives in my place mortgage free and I have her house with an increased mortgage? (Bonus points for a super easy fix for all this!)
I currently jointly own a property in the US, that both parties agree I should take sole possession of. I would like to get a realistic appraisal value, in order to buy out the other person. Is there anything particular that I should discuss with a potential appraiser when I contact them? Thanks! [more inside]
What should Australian property owners and potential buyers be wary of in regards to USA's credit rating going down? [more inside]
So, after leaving her job to pursue another degree in a field that she loves and having been out of work (or studying) for nearly 3 years my other half has been offered the job of her dreams. Yay! Unfortunately we're in Yorkshire and the job is in South West London, and the job is (initially at least) a 7 month short term contract. So she needs accommodation. [more inside]
What can we do in preparation for our neighbor's foreclosure? [more inside]
I'd like to buy a flat in a particular building. I'm going to do a hand-written letterdrop, but would love some advice about the best way to execute this. [more inside]
So every day on my neighborhood walk I go by what was once a beautiful house that is clearly abandoned and in disrepair. Overgrown yard, two rusted out cars filled with trash, 4-5 years' worth of phone books piled on the front stoop, etc. It's surprising because the other houses in the neighborhood are all pretty well kept, and the house itself is striking and appears well built. Recently I've been fantasizing about buying it and fixing it up; is this even possible? How can I find out what the status of the property is and who owns it?
but right now, I just need some practical advice from someone who has experienced this. My family is estranged from my mentally ill homeless sibling (SiblingA. My father is quite old and ill, he is leaving his estate to my SiblingB and me. I am the executor. [more inside]
I've heard of any equity release scheme called EquityKey. It's based in the US. Is there anything similar in the UK? [more inside]
My neighbor and I share a retaining wall which is going to need some repairs soon. It's become abundantly clear to me that I need to sit down with a lawyer, a bunch of documentation, and a list of questions just so that I know where things actually stand here in terms of obligations and what this shared ownership actually means as a practical matter. So, as far as AskMe goes, I'm hoping to get recommendations for lawyers in Minneapolis that people have worked with on property line issues like this.
I'm about to submit my first academic journal article for review. The article contains several images / figures and I need to obtain permission to reproduce these before the article goes to print. [more inside]
I am an American moving to Edinburgh soon from the Netherlands, and I want to begin speaking with a solicitor about what steps I need to take to prepare to purchase a home within the next year (or even sooner if possible). I need someone who has experience working with foreigners. I want to work with someone who is knowledgeable and a straightforward communicator. A personal recommendation from someone with prior experience buying or selling in Scotland would be helpful. Any agencies or individuals that you had a good experience with?
My folks probably need to sell our beloved vacation home of roughly forty years. We live in the US and the property is in rural Nova Scotia. We need help figuring out how to get it appraised, listed, sold. [more inside]