Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [house-sale]

52 questions
39
votes
9 answers

'For Sale by Owner' - who pays the Buyer's realtor?

If I list my home and hang a sign out 'for sale by owner', and a realtor brings a buyer in, who wants to buy it, who's going to pay the realtor? I did not hire him, so I don't want to pay for him. The buyer will assume that it is covered with his…
Aganju
  • 38,107
  • 8
  • 59
  • 121
34
votes
6 answers

Why do real estate agents always ask me whether I am buying property to live-in or as an investment?

Trying to buy a house. Along with -- what is the maximum you are willing to pay -- this is the most frequent question. Why do they care whether I will live in it or rent it out? The two are not mutually exclusive. Update: this is for UK
A.L. Verminburger
  • 523
  • 1
  • 4
  • 8
32
votes
8 answers

Math Behind Buying a House

Is following calculation correct? I spend $1500/month on average on rent. If I rent for the next 3 years, I would be spending $54,000. I can buy a house for $220,000 today and spend the same amount on the mortgage. In 3 years, if the market gets…
picmate
  • 429
  • 1
  • 4
  • 6
32
votes
9 answers

Can I buy a new house before selling my current house?

I am looking to sell and buy a house. But with the current market being as crazy as it is (houses are selling fast for sometimes 150,000 over asking), I'm afraid if we sell first, we could be stuck without a new house. Or stuck settling on or…
Hlick
  • 631
  • 2
  • 7
  • 9
27
votes
11 answers

Should I ask the seller of a house for a price reduction given a recession is almost certain?

I've gone sale agreed (note: "sale agreed" means the sale has been agreed in principle - no contracts have been signed, no non-refundable deposits have been made etc.) on a house. The market I'm currently in was extremely competitive, houses were…
TomSelleck
  • 327
  • 1
  • 4
  • 10
25
votes
8 answers

Selling a House Upfront Or Collecting An Income Over Time?

Suppose that you have a house worth $500,000.00 that is gifted to you and this house is completely paid off. The people who want to purchase this house will need to go to the bank to get a loan so that they can pay me to sell them the house. Over…
GrayLiterature
  • 409
  • 5
  • 6
25
votes
8 answers

What's a good strategy for offering low on a house?

We are in the UK and interested in purchasing a house, but the highest offer we could make is substantially below the asking price by around 5%. However, we have some advantages over other prospective buyers. Sales in our local area are slow and…
Bob Tway
  • 1,281
  • 1
  • 11
  • 15
24
votes
4 answers

Buying a house. Seller wants cash now and move only next year, renting same house in meantime

A relative of mine found a fantastic house on the market (Canada), evaluated 750k. He knew there were 3 other buyers making offers and he was entering a bidding war. He made an 800k offer and was the highest bid, offering to take ownership 3 months…
Alex L
  • 343
  • 2
  • 7
13
votes
1 answer

I want to list my home for 2.5 million with a flat fee broker. Do I still have to pay buyers agent 3% commission?

I am located on Seattle's East Side where the real estate market is hot and inventory low, so I doubt I'm going to have a difficult time selling my home. 99% of buyers first search online to find the homes they're interested in rather than having…
Maia
  • 139
  • 5
11
votes
7 answers

My mother wants to use my bank account to temporarily hold money from her house sale. Will I be liable for taxes?

My mother lives outside the USA, but is selling a property she has in the USA. I live in the USA. As she does not have a US bank account, she has asked if she can put the money from the sale in my bank account, and then have me transfer it out later…
Tyler .
  • 313
  • 3
  • 10
10
votes
9 answers

What's the cheapest way to buy out a sibling's share of our parents house if I have no cash and want to pay less than the appraised value?

My mother passed away, leaving 75% of her house to me and 25% to my sister, setting this up as a trust. The house was appraised at $944K, based on the time of my mother's death (November 2022). I want to buy my sister's 25%, which she agreed to, as…
user1186050
  • 227
  • 1
  • 2
  • 6
7
votes
3 answers

What is the most financially appropriate approach to flipping and selling this home?

A few years ago, I purchased a home at $142,000 that has 12 bedrooms, 4 full bathrooms, a workroom, a basement with cement flooring, and an attic. In my divorce, it was awarded to me, as my ex was unable to secure financing in her name. She no…
CDove
  • 171
  • 3
5
votes
1 answer

Finding problems with house after purchase

We recently bought a house in Nebraska, USA. I am British and this was my first experience of the US home buying process (and I hope my last!). I am hoping for some guidance as to whether either the surveyor or the seller are liable for issues we…
Blair
  • 151
  • 2
5
votes
2 answers

How to legally sell a house without owing income taxes?

My workplace situation may require that I sell my house and move into an employee-provided apartment. I have heard that if I sell my house one year, and don't use the money earned to buy another house, I'd be taxed on the earnings as if it were…
Village
  • 3,097
  • 5
  • 37
  • 48
5
votes
1 answer

Resale of a House with Estate Rentcharge

Made an offer on a c. 40 yr. old freehold house in London. Had offer accepted. When going through the docs as part of pre sign-off due-dilligence, turned out there is a 300 GBP / year Estate Rentcharge with draconian remedies like: Right of…
A.L. Verminburger
  • 523
  • 1
  • 4
  • 8
1
2 3 4