What does 1.5 bathrooms connote?
Question:
I am trying to rent a room in another city for the first time.
i found a room surrounded by a shared townhouse that says:
- One big bedroom contained by a 4 bedroom townhouse
- 1.5 bathrooms
I dont know what 1.5 bathrooms means! can anybody relieve? does mean that the bathroom is shared or what?
Answer:
1.5 bathrooms process that:
(1) One [1.] bathroom has a Toilet, a Sink and a Bathtub and or a Shower or both; This bathroom is usually within the Master Bedroom;
(2) The [.5] meaning the partially usually has a Toilet and a Sink but no Bathtub or no Shower.
(3) What this money to you is that when you have relations and guests over they will have to use your Bathtub and or your Shower as nought else is available in that Townhouse. If you are not o.k. near that, then that Townhouse is not for you. Good Luck!
It system one full bath and one (potty and sink)...no tub or shower...
The half bathroom refers to a "powder" room that will enjoy only a toilet and a sink. A integral bath will enjoy toilet, tub and sink.
1 bathroom is a shower/tub+sink+toilet
.75 bathroom is a shower+sink+toilet
.5 bathroom is a sink+toilet
.25 bathroom is a toilet
It means one full tub (toilet bowl, tub, sink), and one half tub (Toliet bowl and sink), usually. Sometimes the half hip bath includes a shower stall.
Wow, you're an idiot. Any person old-fashioned enough to rent a place should know that.5 channel half.
1 bathroom is a shower/tub+sink+toilet
.75 bathroom is a shower+sink+toilet
.5 bathroom is a sink+toilet
.25 bathroom is a toilet
One full bathroom and one beside just a toilet and sink.
1.5 bathroom money that there is one FULL bathroom...beside the bathtub/shower, toilet and sink... and then in attendance is another bathroom with basically the toilet and sink.
It depends.
If it's the left bathroom, it have the left partly of the bathtub, disappeared half of the toilet, moved out half of the sink.
Similar for the right bathroom
It scrounging like my house one bathroom own a shower and a tub and the second bathroom have one and only a shower. If the second bathroom had a tub also it would be 2 full bathrooms and not 1.5 bathrooms.
Bad definite estate experience. I be suppose to close second week and zilch is scheduled?
Question:
I placed a bid on 11/5 and was suppose to close 12/7. I asked the hawker to repair the bathroom plumbing and still have not hear whether he has or not. My legal representative and real estate agent enjoy spoken to him several time and he keeps on proverb he will get us the info we necessitate soon but never come up with it. What's my subsequent step?
Answer:
I had matching problem, I bought the house on September, the seller didn't repaired some electrical problem until the morning we be supposed to close, I was more or less to back out of the traffic because it was on the contract when he official the offer. If he signed the donate where should be stipulated that he would fix the bathroom plumbing HE HAS TO DO IT, or you could vertebrae out of the deal and sue him for adjectives the lost it has cost you. Ask your legal representative exactly and just let somebody know them if they don't fix it the deal is bad (but remember he should have signed a serious newspaper saying he be going to fix it) Good Luck!! I know how stressful and draining is to buy a house!
A delayed closing date is not uncommon. But be paid sure to update your paperwork. Most purchase agreements have "date to perform" by. If your purchase agreement becomes expired here could be many problems. Such as you no longer own a house to buy, and the seller have already sold it to another party.
Don't know what state you're surrounded by, but you basically hold two choices: 1) demand acting out (in writing), through the escrow officer ( if he fails to make you might be out of luck and only recourse would be to sue for Specific Performance or damages) or, 2) extend date for closing (you may already be doing this by acquiescence) and engender sure your RE agent keeps on him to complete conditions for public sale.
100% LTV Refinance?
Question:
I have a low credit rack up ~620 and want to refinance my current mortgages (1st - 80%, 2nd 20%) as i have seasoned for almost 12 months beside perfect on time/early payments. Will i know how to get into prime or will i still be within sub prime market? What rates should i expect?
Answer:
You're more than predictable not going to get below 7% without purchasing a max on discount points. There are indisputable things you can do to boost your credit in preparation for refinancing. You're right below the smudge, but some prime lenders will be able to work beside you. As for the rates you should expect... They vary dependent on respectively customer's situation. They're going to base it upon Income, Collateral, and the amount of debt you enjoy. No person can distribute you a dead-on rate as I'm sure you've realized within your experiences. Your rate is also going to vary near the loan amount, especially in the sub-prime market. If you have any question feel free to contact me.
At the present time the sub-prime flea market is imploding with hulking players like Fremont and New Century shutting down their sub-prime operation just second week.
Your credit score is indeed very soon in the Fannie Mae list however, due to the recent tightening of qualification guidelines you may find it extremely difficult to fina a lender who will give you 100% on a refinance.
Some lenders, similar to the one I work for have layered commitments near Fannie Mae and may have more approval liberty. I'd be happy to run it through for you and see if they'll bite on a pre-approval. No cost to you, merely a few minutes of your time over the phone.
800 971-4638 ext. 223
Yes you can do it. You will get a prime loan and in the region of 6.375%-6.75%will be your rate.
Is, a reverse mortgage, a worthy theory?
Question:
Answer:
It depends. How old are you? What is your motivation? How much equity do you own in your house? Do you own good access to credit?
Advice: speak to a financial advisor for detailed analysis and guidance
A reverse mortgage is for homeowners who have rewarded off, or nearly salaried off their home and own it outright. Then you receive monthly payments from the equity of your house, resembling a second income. It is usually for older individuals with constrained income who need more money than they are getting on social protection or their pension.
Can a entity report chapter 13 collapse if near house go to sheriff Dutch auction?
Question:
Answer:
If it is before the mart ...IT STOPS or delays the Dutch auction...but check with a legal representative...it you do the 13 after...it is done
Does some one enjoy any hints on taking the california realestate sale individual exam?
Question:
Answer:
Don't listen to the people that communicate you to stay out of the biz. They are either pessimistic or they don't want added competition. Here's the entity, if you are good, it doesn't issue if the market is up or down, as long as you are better than the competition.
I get my license through Allied Business schools and took greatly of practice exams. When checking my answers, I made sure I understood why I get certain question wrong so that I could learn from those mistakes.
Good luck.
There is probably some course you call for to take first. Check near a local realtor to find out what you need to do.
Bad timing. The boom is pretty much over, and the number of sale should decline sharply over the next 1-2 years as buyers linger on the sidelines for a bottom to the market. You should hold done this about 7 years ago. For presently, it will be hard for a newcomer to get hold of started in this competitive industry.
What's included surrounded by commercial "white-box" improvements?
Question:
In commercial real estate, specifically surrounded by strip malls, what is typically included when the landlord provides "white-box improvements"? Is in that any industry standard on this?
Please be specific as possible!
If a bathroom is typically included, does this include floor covering (ceramic? vinyl?) or just cement? Sink, cabinet, mirror?
Answer:
the floors are cement, there is a key sink, toilet... mirrors, shelves, toilet-seat, and tile is extra...
Is, a revirse mortage, a upright perception?
Question:
Answer:
Only for a select few not for the vast majority of seniors and it is just for those over the age of 65.
You need to reach a deal to your accountant to review your exact situation, then communicate to your Realtor if the accountant says yes to do it. They will explain how it would work for you. Basically you are spending adjectives of the equity in your home approaching it's an annuity paying you monthly payments.
It's only a worthy idea if you are over 65 and own no heirs (that you close to, anyway).
With a reverse mortgage, you sell your house to the hill and they pay you. When you die, they own it free and clear.
First of adjectives, why would you talk to a realtor roughly a mortgage?
You need to agree with your financial advisor first and a MORTGAGE BROKER-you already hold the house you don't need a realtor
Reverse Mortgages are getting more and more popular! The adjectives misconception about reverse mortgages is that you loose the house when you die- THAT IS ABSOLUTLEY INCORRECT. You never loose your house unless you don't enjoy anyone to give it to.
You do hold to be at least 65 (62 contained by some states) and you have to show competency. Also, for some lenders, you hold to have compensated your current mortgage down to a certain percentage of what the house is worth-
A reverse mortgage is newly that-they are paying YOU to live in your home. IT is courteous because so many folks who are of age do not carry enough money from their income and Social Security to make ends unite and live their lives! 65 doesn't mean your comatose! In many circles, 65 is a bright beginning!
As long as you are erudite and working with a mortgage broker who know what she is doing, you will be fine!
Real Estate research?
Question:
i need to solid estate broker their training program, commission structure, oppotunities for floor time, and advantage and disadvantage.
Answer:
You should interview the companies contained by your area to see what the different commission structures are.
My company is a 15 department independent and last year I compensated a monthly desk fee but this year a chose an 80%(for me)/20%(for company) split.
There are benefits to different plans that solely you should research and answer.
As a new REALTOR you should be concerned beside how much one on one training a company can provide you. Do they have a mentoring program?
Also, some company's own floor time and kiosks located contained by malls. How many REALTORS are at hand in the organization that will be wanting this opportunity?
The advantages and disadvantages are specific to you and only you can answer that ask.
You have to realize that unless you own a built up network of empire who want to buy or sell as soon as you receive your license, the first few months will be abundantly of work and money spent with no money coming within. The more you are out there doing floor time - the better!
Good luck surrounded by you new scheme!
how much do i have need of to be making annually to afford a $200,000 condo?
Question:
Answer:
It's awfully tough to know for sure, but assuming you finance 100% at 6.5% (broad estimate), you'd enjoy total debt service of $1265 per month. Add to that your property taxes, likely $150-200/mo., and your assocation dues, which can ebb and flow widely between $125 upwards of $400 per month.
Assuming a minimum monthly payment of $1540, using $150 for export tax and $125 for dues, you'd need to be making $37,000 lately to keep yourself underneath 50% debt-to-income ratio. That's assuming you have nil credit cards, car loans, student loans etc...
And that would resign from you pretty strapped to cover your utilities, food, gas etc...
So, bottom line, I wouldn't consider it unless you be making at least $40,000. And even afterwards, get a 2-3 bedroom section and find a roommate to offset some of your settlement.
See: http://www.vlender.com/cgi-bin/calc/howm...
I,m maybe fourty thousand I,m guessing
No smaller number than $50k per year.
I am a licensed Mortgage Banker in adjectives 50 states. All the answers above are not very honest or accurate.
Here is the formula.
Take all your fixed payments (the ones you enjoy to pay every month) Credit Cards, Car, etc. Not rent, electric or phone.
Calculate your exotic payment:
200,000 loan amount beside NO DOWN PAYMENT
$1330 payment
$250 for Homeowners dues
$110 for Private Mortgage Insurance
$100 for Property Taxes
$1790 for you condo.
Add surrounded by your fixed bills.
Multiply that by 2.25 and that's how much you should make a month to afford that condo. If you are putting money down, you'll obtain a better rate and your payment will come down.
If you enjoy NO FIXED DEBT. The answer is $48,000.
Has anyone ever purchased a house directly from the owner lacking the aid of a physical estate agent?
Question:
I am thinking about buying a house directly from the owner short a real estate agent's involvement. I know the house and what have been done (it have been totally updated). Other than a home inspection self performed, which is a upright idea, have anyone else ever bought a house like this?
Answer:
I did in truth and it was my first home, so I have no clue!! Our mortgage company actually help us out soo much. They knew exactly what we needed more or less everything. They can help you out!
I did. I be able to resource a local title company for adjectives the documents and advice as needed. They also hold an in house attorney. The transaction be quite simple and not too stressful. The biggest idea is to write a contract detailing everything to be precise included or not included e.g refrigerator and other appliances. Also, detail any work that needs to be done close to fixing the sprinkler system or painting. this should be a start. Good luck.
WHY DON'T YOU JUST JUMP OFF A CLIFF? It is faster and easier. Really. DON'T DO IT. DON'T DO IT. At the tremendously least, SEE A LAWYER. There IS paperwork. If the owner tell you there is not, he/she could be a crook. There could be sudden problems with the property. Since he or she still have name on the title, the owner could get rid of it again. One day, another "owner" could see you out without your knowing what that the inventive owner did thisThe problems go on and on and on and on.SEE A REAL ESTATE LAWYER and transmit the lawyer your plans. The first union is free. You could end up making payments and never take the house twenty or thirty years from now. THE "SELLER" COULD SC*W YOU BIG TIME. Please, at lowest possible see a lawyer and seize some guidance. Your money is at stake. Your feelings and pride are at stake. I am recounting you. If you don't listen to me, you might one day regret it and be devastated financially.
I own and if you are willing to do the leg work you can recover a bundle.. but if you don't do it right you can get stung. You enjoy to go the county organization for records, leins, deeds, etc... Research any possible leins, 2nd mortages, etc. Holds on the achievement, of any kind, is a operation breaker. Also check the planning commission to be sure the city isn't going to build a road thru your front door. Also you need to know around the zoning requirements and you need someone who know "legaleze " to read your contract...generally, the edge lending will cover that quantity with you, it's to their good thing to make sure they are making a past the worst loan then again, you may want to spend the money for a RE agent...
This happen very normally. The term is call FSBO (For Sale By Owner). An agent's or Broker's role is to smooth the process and present all potential issues. With research, anyone can buy or flog a home. Once you and the owner come to terms on a sale price, there are other issues to consider.
1. Termite report is the utmost within your priority list. Any repairs are traditionally compensated by the seller.
2. Home inspection is a right idea and have become the fad of today, but the cost is usually picked up by the buyer. Do some research on the Home Inspector, as some are questionable at best.
3. You CAN request points and other costs for the strange financing to be paid by the street trader. This can be either built into the cost of the brand new home or negotiated up to that time the final price is decided.
4. An appraiser will enjoy to be chosen. In most cases, the new lender will own a list and will commission his employment.
Once adjectives these matters are confronted, your subsequent step will be to contact an Escrow Company. There are some escrow companies who will not handle FSBO's, but the flea market is changing, so you shouldn't enjoy any problem. A good escrow officer will guide you through the entire process. Both buyer and retailer pay their costs. The role of an escrow company is to perform as a mutual 3rd party/attorney. They make sure adjectives terms of the contract are met and set up signing different loan documents and hire a Title Insurance Company, who in turn assures you that you will hold "clear title" once the transaction is complete. This is a very essential part of the entire process, as a "cloud contained by title" can jeopardize your future ownership interest; they will "insure" against any adjectives claims against the property that you were NOT a delegation to. The choice of Escrow Companies is shared, but I would suggest you pick one.
Yes, the title/Escrow company can help you. Use one that know the details and has experienced staff. The forms etc.. can be checked by an attorney or a realtor for a flat allowance. In Florida we have some info on http://capecoralinvestors.com.
what does the pcm after prices of residences have it in mind? Like "lb1500 pcm"?
Question:
Answer:
Per Calendar Month - used for rental properties...no in Europe and australia PCM stands for what i said above
Ask an estate agent to confirm. But I'm thinking it indicates Price Current Market. Similar to controlled offering. Basically indicating that they may change the price at their discretion.
Can I still refinance if I allege chapter 13 collapse ?
Question:
I have a 420 fico credit rack up, but I am hoping that after the bankruptcy my evaluation will go up and conceivably then I can get hold of a better
rate. Does this sound fine?
Answer:
Yes, you can still refinance even if your in liquidation.
Many times this is part of the plan ancestors inform the Trustee
about. Depending on your state however,you may requirement to get
the trustee and/or judge's assent.Just make sure you use
a mortgage broker and not a wall,as most banks won't do it.
I enjoy refered some of my clients to http://fico400.com/
so far with positive results.
Be prepared! their rates next to a 400 score are little highly developed
than bank rates but it may be worth to salvage your home and pay past its sell-by date your debt and after say 1 year of virtuous payments you can refinance to a better rate. Best of Luck!!
Bankruptcy should be a LAST resort. If you are dead set on liquidation...
make sure you restablish AS SOON as possible. Get secured credit cards or anything else you can win. Do this fast and clear sure you have at smallest three open tradelines.
Lenders will loan sometime out of bankruptcy but if your dream is to get lower rates your going to enjoy to re-establish your credit swiftly and responsibly.
Get those trades open right after your discharged BK and you'll be alright within 12 months time and probably get lower rates.
you can try, but you own already demonstrated that you cannot be trusted to pay your debts as you originally agreed. If at hand is a lender that would deal beside you at all, it woul be for a remarkably high interest rate and solitary if there be plenty of built-in equity in suitcase they have to foreclose
Most lenders minimum credit mark is 500. This will help to increase your score. Register on the opt out pre-screen website (it's supported by the 3 credit reporting companies - Equifax, TransUnion and Experian). It's free, a moment ago opt out electronically for 5 years, pull your credit after 30 days it help. https://www.optoutprescreen.com/?rf=t...
In addition, dispute any incorrect information on your credit report on respectively of the credit respositories (Equifax, TransUnion and Experian). They have online websites to dispute online, but you will requirement to order a copy of your credit report. If you enjoy any credit left, hold on to it current, it really helps.
I involve a foolproof accepted wisdom within unadulterated estate marketing and advertisments?
Question:
I am a Developer for a website about Real Estate, I want A fresh good Ideas around marketing the Properties that I can use them on my website.
or any other helpfull ideas on making authentic estate websites.
thnx
Answer:
There are some great web sites out at hand. Blogs are certainly catching on within popularity and you can see a great example at http://www.riverfrontpark.com or for a visual site call on http://www.glasshousedenver.co... If you are interested in an alternative portal for a brokerage try http://www.vailrealestate.com .
Good luck
I assume this is a for profit website, so how much are you offering to pay for contributions?
Didn't you cover this contained by one of your classes in arts school?
Check out the competition's websites. They should give you some accepted wisdom.
Actually, the best way is to basically observe what other TRUE estate web sites are doing and look similar to.
Don't copy, just watch and take data of the features that you like from respectively site, and make the best site even so, using the information that you had gather. Don't forget to observe color scheme.
I would suggest two things:
1) http://realestate.sitesell.com/angela2.h...
2) http://www.realestatewebmasters.com...
Best of luck,
Angela
Can we require import tax returns for someone who is self-employed and requirements to rent a house from us?
Question:
We are building an investment house and it is almost ready to rent. We enjoy an interested applicant who is moving to our state and is self employed. Can we require him to provide proof of his income (via tax returns) for yesteryear two years since he has no paystubs to verify that he make enough?
Answer:
I rented for 4 years beside my husband and he is self employed as a painting contractor. We rented 2 different properties and neither one asked for levy returns. One did a credit check, the other did not. I think asking for previous tax returns is a squander of time. First, anyone can create a new export tax return. How would you know if that was the actual return that be submitted to the IRS? Second, a tax return does not transmit you whether or not someone can pay rent. Maybe on his due return he made $100,000 last year, that alone does not miserable he is capable of paying $1,000 per month rent. He could drive a $50,000 motor that he is making payments on and have $500,000 surrounded by credit card debt.
IMO just because those make profoundly of money does not mean they money their bills. I would just do a credit check see what other obligation he has and travel from there.
You could also ask for his business financials, this will aid you to see the whole picture.
Yes you can. But dont forget to also do a credit check and setting check. Check his references. Self employed ethnic group are iffy because, depending on their skills, may be seasonal, or are competeing with big time contractors and does not seize alot of work. So proof of income is needed.
Also, if he is from out of state, make sure you touch him in being, he looks at the rental, and he signs the lease, and gives you the funds within cash (write him a receipt). With adjectives the scams going on, you sure dont want to be salaried in bogus money directions, check, or cashiers checks.