Archive for Property Sales
Feb
05
Bought $75000 property at tax sale for $5000. Now what?
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What is the fastest way to turn this property for a quick profit?
Listing with RE agent is one way..but is it quickest?
NC. There is a 10 day upset period after auction date. After that sale is final…no more redemption period!
Feb
04
I sold a property for $250K which I paid $50K for 20 yrs ago. I’m holding the loan and receiving monthly installment payments from the buyer. Do I still have to pay capital gains on $200K even though I haven’t received the lump sum proceeds?
Jan
29
There is this bungalow for sale with near me. It is in a prime location and come with a substantial plot of land. But the building is hideous 80′s bad council design.
It has been on the market for 18 months..
I would like to buy the property for the land knock it down and build my dream home.
How can I be sure that I would get permission before I purchase.
Would be grateful for any advice!
Jan
24
Insurance claim question?
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Our rental house in Houston was damaged in Hurricane Ike. We don’t own this house because we are investors; we were simply relocated by my husband’s company and we couldn’t sell the house for what we needed to pay off the mortgage. We have a insurance company known for being generous and taking care of its customers (USAA), so when they wrote up the claim it was no surprise that it was more than expected. They thought the whole roof needed to be replaced and that the work would cost a lot more than it did. Our reliable home improvement guy there told us that the he didn’t think the roof needed to be replaced so we had him do the necessary repairs to the roof and inside the house along with hiring a remediation company to come and dehumidify the house and remove any water damage. It has been 2 1/2 years since we moved out and our renters were moving out in January so we decided to use the rest of the money to upgrade things in the house for a quick sale and use the rest to pay the note while it was on the market. Now we have a potential buyer and they are demanding the insurance claim papers, first of all did we do anything wrong? Second, am I required to hand those papers over? If we are, then we will have to have the roof replaced with the rest of the money and foreclose. We won’t be able to afford any items someone might have on their repair list from their inspection of the property and we won’t be able to pay the note. Please any advice…and don’t bash us we truly didn’t know, until now, that it might not be okay. We were just trying to not foreclose.
Well, duh…that is what we realized it would come across as if we didn’t show it. Hence why I asked the question. You did not answer the two questions I had. Again, duh, I know our house isn’t the only one for sale. If you can say something helpful don’t bother replying.
Jan
17
Can I buy a commercial property as a residential property?
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I am interested to buy a property for my retirement in a remote area so I can reside there. The part of property has commercial area which is a casual restaruant and an antique shop, but the majority of the property is a house. Also, I have no intention of running any of business but I would like to lease them to tenants. Can I still get a loan as a residential mortgage?
Thank You for reading my questions!
Jan
16
Does renting a property count as “supply of goods or services”?
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Sort of an in-depth legal question, I know, but just trying to get a quick answer.
The situation is that there are certain acts I’d like to impose on a commercial tenant, but the acts are only applicable for a contract for supply of goods or services. The exact wording is:
(2) In this Act “contract for the supply of goods or services” means—
(a) a contract of sale of goods; or
(b) a contract (other than a contract of sale of goods) by which a person does any, or any combination, of the things mentioned in subsection (3) for a consideration that is (or includes) a money consideration.
(3) Those things are—
(a) transferring or agreeing to transfer to another the property in goods;
(b) bailing or agreeing to bail goods to another by way of hire or, in Scotland, hiring or agreeing to hire goods to another; and
(c) agreeing to carry out a service.
So, is commercial property rental covered by this?
Jan
15
how can i buy property in the united kingdom when i live in the united states?
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i currently live and work in new york and would like to buy an investment property in london
Jan
08
ie. credit, future properties.
Jan
03
How is the best way to sell a property?
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My father in law wanted to sell their property in the province, since it’s a rural area how is the best way to attract to people to buy it? It’s 1 hectare so it’s a little expensive and i think people will not invest on it.
Thanx for advice.
Jan
02
We have a written agreement with a tenant till August 2010 for a property in CT. Can we legally let the tenants know that we want to sell the property and if it is sold before their lease is up give them 30 days to find a place and move out. The property is costing us a lot of extra money and we want to get rid of it. Does anyone know the laws around here?
Dec
31
Putting an offer in on a house in England, UK?
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The house was originally on the market for £295,000.
The owners have since dropped the asking price to £270,000 as they have found somewhere they would like to live and want a quick sale.
It is a 4 bedroom, terraced period property.
What would be an apropriate figure to start negotiations? I am a first time buyer and new to this.
Thanks
There are no other offers on the property at present.
First of all thanks for all the advice. I have done some research and the most a house has ever sold for on that street is £280,000 and there has been a 15% drop in the market in the area I am looking (apparantly)
I have been advised at an offer between £235,000 and £250,000…….
Subject to a building survey being completed, subject to the legality of a loft conversion in the property.
What do people think?
Dec
28
The assigned main beneficiary of a will wants to sell a house in california that belonged to their father, but the other beneficiaries do not agree with this. He has threaten that he can do whatever he wants to with the property. Can he legally sell it without consent of the others?
Dec
23
I have a few companies that I’m thinking of using to fund a few deals for wholesale properties for quick rehab and sale within 6 months.
Dec
16
Scenario: You are an office receptionist. A prospective buyer phones and wants the address of an advertised property for sale. There are no salespeople in the office at present. Office policy is for the receptionist NEVER to give a property address over the phone – it is the role of the sales person or property manager to determine who is provided these details. The prospective buyer is not keen o leaving their contact name and number and is starting to get agitated at they “only want to have a quick drive past to see if they like it from the street”.
What script can be used to handle this inquiry?
Dec
14
Got a property to sell, but where can I advertise it?
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I need to sell my brother’s house in Italy, but don’t want to deal with an estate agent, I was looking for something like a forum dedicated to something like this but all I could find was estate agents. Can you advise of any websites with property classifieds?
Dec
09
Scenerio: you own a successful company that makes millions. Is it legal for your company to buy property (like a company car, boat, plane or whatever) to lower your company’s profits, then turn-around and sell those company properties to your personal self for $1.00. Would this be a successful tax sheltering method?
Dec
08
How much should we offer on the home of our dreams?
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The house is listed for a quick sale at right below 200,000-too much for us. Home will go to auction in August. Home is in Putnam County IN, has 10 acres, 3 bedrooms, 3.5 bathrooms, 3 car attached garage, bonus room. There is no central air, all flooring needs to be replaced, kitchen is outdated, roof appears to need some work, needs painted on inside and out, some holes in siding, missing light fixtures on garage and the ones that are there do not match, outside and inside trim missing, no railing on staircase, no dishwasher, appliances included are very outdated, behind house is old boat, lots of trash, old motors and a very rundown shed, and the kitchen floor has a mysterious bump in it(possible foundation issue). All these things were noticed during an informal 5 minute tour of the property. Any help anyone can give us in coming up with a reasonable offer will be greatly appreciated. Our realtor is the listing agent on the property so we aren’t expecting much help from him.
Dec
03
where is the cheapest place to buy property in America?
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i’ve just moved out of my mums house. We were arguing too much and she just didn’t get me in general. Where is the cheapest place to buy property in America, If you guys can list them i’d be really grateful, as right now home is NOT where the heart is.
Nov
26
I need sensible advice?
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Im married but currently live on my own through choice I’ve just arrived from spending a month in Jamaica yesterday. I bought land at a bargin price as the owner needed a quick sale and I want to build a house on it which is less than fifteen minutes drive from a beach. The problem is that I dont want to live with my wife who has the cash to a build house on it. She will need to return to Jamaica for couple of years to sort some things out and she doesn’t wish to stay with her family out there , also there may be a problem down the line as she has put all the money In for the build if we were to split. The bottom line is I dont want to use her money or to have anyone having a hold over me. I could raise money from my property but my repayments are now fixed for the next three years also it would be double the repayment cost If I raised the cash that way which could cause me a problem if the interest rate raises In three years.
What can I do ??
Nov
20
There is a piece of property down the road from where I grew up that has been neglected and does not have anyone living on it. My family and I have always wondered who owned it since we never see anyone coming or going. I recently looked the property up through the Appraisal District and discovered that the property taxes have not been paid since 2004. Would it be intrusive for me to contact the owner and ask if they would be willing to sell this piece of property to me? How do I go about doing so?