When my mom passed about 6 1/2 years ago, the only thing left was the house we grew up in. She died right before the crash when the value was lowest, and while there was no rush, it took about three years before I tried to do anything with it. [more inside]
Should I put a 300K cash windfall into buying my first home, or into a Vanguard fund to generate interest? Details inside. [more inside]
I'm going to be purchasing a house soon in a relatively economically depressed area that has little chance of a renaissance (Fresno, CA). I'm hoping to purchase a duplex/triplex, or a house with a mother-in-law unit so that I can live in the back and rent the main house. While this will be my home, I want to treat it more like an investment. The idea of going into debt for shelter make me unhappy; the idea of eventually (10 to 15 years) getting a positive income stream from the whole thing helps. [more inside]
My family has inherited a piece of property that generates income. Whereas the property once had a single owner, now it's split among myself and two or three other people. Some questions inside about how to manage/title things--most importantly, how do I title a bank account for this? [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]
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]
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]
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]
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]
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]
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]
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]
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]
How do I file to get the money back that was withheld at the closing of a condo in New Jersey? [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]
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?
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 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]
What kind of rights does the owner of a home have when they agree to rent out their home through a rental management company? [more inside]
I'm having a really hard time finding a reputable mortgage broker. The property is in Boston, MA, but I'm willing to work with someone in another state. The most important thing is that they're not slimy or condescending. Can you recommend someone in my area? Anyone to avoid?
My partner and I have saved a deposit of $50,000 to put down on a house. We're looking for a one bed flat around the Gastown area of Vancouver BC, which we may end up renting out while we move to the US for a couple of years for work, but I have no idea how to go about this. [more inside]
Under what circumstances would somebody sell themselves a house for a drastically reduced price? [more inside]
My flat has been on the market forever, and nothing has worked out. Advice and encouragement requested. [more inside]
What's the most dispassionate way to determine what a house is worth? Uncle owns a house and may sell it to us at a favorable rate, but we'd like to figure out a fair price to set overall, so that Uncle isn't shafted but we don't overpay, either. [more inside]
Best websites for browsing Canada / BC real estate? [more inside]
Where should we buy in London? Short version: We're currently renting in Clapham (which we both really like). I work by Shepherd's Bush, he works by Tower Bridge. Minimum 2 bedroom with a budget of let's say £350k. Long version inside. [more inside]
What do I need to know about building new multifamily homes and renting them out? Where can I learn about it? [more inside]
I am buying a house and the roof is questionable. There were missing tabs all over. A roofer came out and did minimal repairs at the current owners' expense but he says the roof has "2 to 5 years" left, maybe, depending on weather (we live in the midwest). Would it be reasonable to ask for a reroofing allowance in purchasing this house? [more inside]
Real estate investing filter: Buying a condo in Florida as a rental property with a partner. Good idea? [more inside]
YANALFilter: Short sale: yay or nay? [more inside]
What do IMPSLT and SC stand for in a legal description of real estate? [more inside]
Condominium Outrage! Today, while taking a shower in my bathroom, i suddenly saw a reflection of a man in the vanity mirror - he was just outside the slightly open bathroom door. I screamed bloody murder while my heart beat out of my chest - i thought i was about to be the victim of a home invasion. Now, i want to do something about the apparent rule/bylaw/custom in my condo corporation/board that allows workers to enter the unit without the express permission of the owner or resident. [more inside]
I am selling a house in England via an estate agency. They have found me a buyer and I have verbally agreed to the offer price. A reliable private buyer has since given me a solid offer. What should I do? [more inside]
Tell me about cleaning up a toxic creek. In this case, something like the Newtown Creek in NY, now a Superfund site. http://www.nytimes.com/2010/09/28/nyregion/28newtown.html What is the process? Is it dredged? Dammed and drained? Dust, noise, time? Please explain the engineering. If the waste has seeped laterally, and it has, does that mean extensive excavation? What is the impact on the surrounding properties? What happens to property values, how do banks look at this, now and looking to the future? Please explain from a Realtor's or developer's viewpoint.
YANML: I have an easement through my neighbor’s property. I use it regularly and the neighbor and I get along just fine. The other day the neighbor approached me about extinguishing the easement. While he didn’t offer me any money or anything, he was clearly lobbing the ball to me to come up with what I would want to release the easement to him. I’m located in Alameda County, California. More than you need to know after the break. [more inside]
What information do I need to have at my fingertips to profitably negotiate the sale of a commercial rental property? Or should I even do it? [more inside]
Help me verify the existence of hongza - are the "Unlucky Houses" of Hongkong for real? [more inside]
I am looking to find out overall statistics for property rentals in NY for 2009-2010. I am trying to write a letter to prevent a rent hike and I want to fill it with some statistics to help better illustrate my point. Thanks in advance.
Anyone know much about Quit Claim Deeds? [more inside]
Are there un-buildable lots? I have read up on a similar question but that was about how expensive the known-to-be-buildable lots are. My question is if I see a lot listed that is "virgin" vacant never had a srtucture on it, how likely is it that no one could build on it? [more inside]
Say I want to buy some cheap land in the Los Angeles area: where would I find such a listing online? [more inside]
I use Trulia for the United States and Funda for The Netherlands whilst looking for property. Anyone have an inclusive site such as these for real estate in another country? Preferably for another European country or South American.
How can I find the owner of that abandoned lot? [more inside]
I need a lawyer in Toronto for Real Estate / Property issues. Specifically, the state of an adjacent property (in violation of multiple orders from the city) seriously affecting ours. Would ideally know the magic password to get the Building Standards people to do their job. Otherwise, any and all other avenues that can be pursued.
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