I bought my first house alone can i add my boyfriend to the house after the closing cost?

Use 1.5% of purchase price as a ball park amount

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I think it's "no sierres la ventana y no vendas su casa con su amigo". but it's probably wrong. so how do you say it correctly? thanks.

No cierres la ventana y no vendas tu casa a tu amigo

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I'm buying a new home @700k. existing house is paid off with a market value of $400k. new house will close by october, however, don't think i can sell the old by then. the plan is to put down 20% cash, close on the new.once the existing is sold in a few months, the proceeds will go to pay off the mortgage. however, since it's not enough the pay off, i may still be stuck with a huge pmt. what will be a better way to do the financing? 1) primary + 2nd mortgage: but most lenders stop offering the 2nd mortgage already 2) interest only loan 3) take out a line of credit on the existing then pay it off once house is sold. can some one give me some insight on this? thanks.

Do the reasonable thing and don't buy the second home until you are closer to selling your first . What you are comtemplating is a recipe for disaster that you may regret for a long time.

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My real estate agent has handled the sale of my house very badly from the beginning. closing has been postponed several time by him already. the buyer was unable to get the finance needed once and there have been several other issues (just basically not being upfront and honest). i do not feel comfortable signing with this buyer or agent. what are the options i have? i do know that i do not have to sell my house if i don't want to. appreciated much.

Go see a real estate attorney about what penalties there might be for you. It isn't a criminal matter but it can be expensive to get out of a contract. It could be that the buyer delaying the closing has given you a way out . If you don't consult an attorney before you back out it could end up costing you huge amounts of time and money and grief.

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I am in the process of selling my house and i need to get some cash to help pay some bills i have. if i were to put the title up for my car to get cash until next month when the closing is, will that show up on my credit score? how can i get cash without it showing up on my credit score? i am also trying to buy another house after i sell my current house.

You can't. You will have to take money out of your credit. Except perhaps if you took money out of your debit, but that would mess up your finances even more.

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I paid 159k on a house in columbus, ohio in 2003. i owe approx 144k on the mortgage still. when considering the realtor is going to need a 6% commission, closing fees and taxes, how much do i need to ask for in order to not lose my butt? btw- the house just appraised for $159,500 a month ago.

The Price that you ask for is irrelevant. A house will not sell for more than the Fair Market Value of the property no matter what price you ask for. My experience with Real Estate appraisers and Real Estate Agents is that many of them are not competent to determine the Fair Market Value of The Property . If your Real Estate Appraiser was competent, the house should sell for the appraised value at $159,500. The important question is whether or not your Real Estate Appraiser was competent. I have found that the most competent Real Estate Appraisers are Members of The Appraisal Institute. Few Real Estate Appraisers achieve that designation because the educational requirements and the experience requirements to achieve the designation are very challenging. The few Real Estate Appraisers that do achieve the designation are very good. Even though you have had the house appraised, I would call a Real Estate Appraiser who is a Member of The Appraisal Institute and explain that you have had the house appraised but are not certain whether or not the appraisal is correct. Offer the Appraiser who is a member of The Apraisal Institute a fee ( generally the fee is not more than $200) to review the appraisal that you have to determine whether or not it is any good.

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I am closing on another house on august 4th and have not sold my house yet. i need to sell my house for the down payment and closing costs. i tried to get a line of credit for my full equity amount to do this but i don't have enought income to do so. what would you do in this situation? it was originally contingent upon the sale of my home, but was changed when we didn't want it contingent.

not a good place to be in my friend... you jumped befored you looked! i would let the contract for the new house go down the toilet, since you were rejected, and wait for the house to sell.. then start looking again. if you cant afford a dwn payment , you sure can not afford 2 mortgages. most realtors, and banks dont care about this until everything is under contract, and you owe them a shitpile of money! if you do wind up with someone to help you..it could wind up being a huge headache with all of the crap involved .

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I owe more than the house is selling for, and therefore, need to acquire the difference by closing. i don't think i can get the money by closing, but i'm sure i can have the difference 20 days after the now contracted closing date.

you have 2 things.. you can ask for an extension......... and let the realtor know why.. or ask for a temporary loan on a small amount.. so if your short $1,000 if the seller,,or even possibly the realtor..will allow a loan..for 20 days..loan. it is similar to a "hold back"..but you will pay..and all complete as needed.. realtor's also have knowledge to cut costs.. I phoned on my deal last dec. and cut my lawyer's cost to $500 just be honest......and call..

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I want to back out on a home deal, but i am told (even before closing) that if i do, i will lose my deposit money and i will be responsible for closing costs? how can i get out of this? if i have to lose my deposit, i can understand that, but i don't want to pay closing costs on a house that i didn't close on.

You need to realize that the contract is meant to protect both sides of the deal. It would not be fair if you were the one selling and the buyer backed out on you would it? that is time the home is off the market when it could have otherwise sold. What do you lose? depends on your state and lender policy but most likely appraisal and any work already performed by title company. The home inspection you normally pay for on your own and they get paid for doing their work and it does not matter if the house sells or does not. Think of it this way... its better to lose a couple thousand than to get stuck with a 30 year loan for a home you don't want!

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I'd like to sell my house to pay off some high interest debt. i'm not sure if i have the equity to net enough from the sell to make it worth the move. i should be able to sell the house for 155k, at least, and owe 137. i'd like to net 12k. what i don't know is, how much am i going to pay in closing costs? with and without a realtor. i would prefer to use a realtor, but not sure how much this costs. i am not sure what to do. any advice would be appreciated!

Don't use a realtor. THey charge a ridiculous amount of money for the work that you cna do yourself if you are willing to do the research First, check your counties property appraisers website for the recent sales of homes in your neighborhood. Find similar homes that sold and use the number as a basis for your home. Next advertise the home anywhere you can. there are multiple websites you can use to market your home. When you finally find a buyer, hire a real estate attorney to handle the paper work for you. They will do this for a fraction of the price you would have paid a realtor. if your homes value is really 155k then you could expect to pay as much as $9300.