Haunted Houses & Real Estate Question?
Is it a law for a real estate agent to tell a consumer about abnormal activity (whether it's witnessed themselves or by the previous owners) within the house? If so, is it the same law or code throughout the U.S. or does it only apply to certain states?
How to convince my parents to buy a lake house?
Your parents are not required to consult you about the place they would purchase and the size of the home they would want to purchase. They have to look at their current and future finances to see of they are able to financially sustain this property as well as their other financially obligations. As a courtesy they might include you in the decision, however, this is a courtesy. They might have to sell your current house in order to put themselves in a position to purchase the next property they would want. I hope this does not stress you out any more than you currently are. It might be a disaster if they purchase a house without your input or approval. When you become an adult you will have plenty of time to make these same type decisions. You would want to make sure you include your children in all these major financial decisions. In all probability your parents will come to you one day and say dear we have purchased a house, since you are our daughter we are required to take you with us until you have reached the majority according to our state laws. So pack your clothing. You and your brother would be able to select your new rooms on a certain day as we will be making a trip to our new home. I hope this has been of some benefit to you, good luck. "FIGHT ON"
Where do I buy a house as an investment?
Success tips for buying investment propertiesNew comers going to make their first investment in real estate sector could benefit themselves while following few simple tips for buying investment properties. This way they can efficiently reduces the risks of failures.According to experts, the right time for buying an investment property is when the prices are low as you can get mortgages with lowest interest rates. It has observed that oversupply in the market significantly reduces asset prices allowing prospective buyers to further negotiate on prices. That’s why it is necessary observing market to obtain latest updates about property prices.Don’t compromise on location. It has been observed that successful investors prefer buying assets in prime locations. While buying an investment property, consider buying the unit in neighborhood, where property rents are high while supply is low. Don’t invest in rural areas with lower rents. It’s better if you take some time to observe the location to know some basic facts about specific community you are considering for buying you investment asset.Organizing finances in advance has become mandatory for buying investment property. It has observed that professional investors align their finances prior to finalize the deal. Stacking funds before searching the suitable investment option gives you the confidence of finalizing the deal as soon as the opportunity presents itself. This is why professional investors are always looking to arrange funds for their next investment. Managing funds on priority makes you confident and enable you to take quick and right decision. For new investors it is suggested to arrange mortgages payments for six months. Because it may take some time to find suitable tenant and buyer for your asset.Nascent buyers, who are making their first investment, are advised to consult with expert or professionals to avoid scams and failures. Professionals could empower you to make right decision on right time. They can give you better advices and ideas about buying investment properties. Or even a family member or friend who already has experience of investing in property market could be your mentor.
Putting an apartment in your name for someone else?
To me, this is a HUGE "no-no". My Dad who has been a really big help to me for a long time & needs to rent an apartment but has a rental history that almost no land lord will accept. He's left many apartments without notice & has judgements for the balances owed. He's asked me to apply for one in my name, & I just can't do it. My credit is on the line here, and I will not allow myself to be affected by his carelessness and poor money management. He has contributed to my apartment financially for the last year because I have a 2 BR, and wasn't using one. He paid me to store his things there. Also, he let me stay at home longer than I should have and I know how much he's spent accommodating me. I feel guilty about not wanting to help, but it's just too much of a risk to take. How do I decline to let him use my name? I want him to know it isn't personal- because it isn't. I think he'll feel like "All that I've done for you, and you cant do this?" I just don't know how to turn him down, but I know I have to. Any suggestions on how to begin this conversation and how to get my point across?