Real Estate

Okay, my boyfriend and I have been dating almost 2 years, and things are going great, we have talked about marriage but want to make sure our debt is paid off first. Im 25 years old, and hes 38. We have been living together renting a townhouse for 1 year and 2 months. The person we are renting out townhouse from wants to sell it, and we have told him we are very interested. We Absolutely love our townhouse. So my questions is how should we go about purchasing it. I have great credit, and like I said we are working in the next 4 months to be out of debt except for our cars, and we have the lease agreement until July. But my boyfriends credit isn’t so good. Right before we met he lost his job, and lost his condo that he owned. it was going to go to foreclosure, but he ended up doing a short sell, but anyways his credit SUCKS, and that’s why we are working so had to pay everything off to build his credit. Im not sure if I could get a loan my self. The townhouse we think he would sell it for $220,000 and I only make $30,000 a year. My boyfriend makes $60,000-$80,000 a year – hes in sales, but with his credit we don’t think we should put him on the loan cause of interest. I could go in with my parents on the house cause they have wonderful credit too, but I hate to ask them to put something else in there name. Do you think they would give me a loan for that amount by myself seeing what I make per year, or will I have to go in with someone??? I just want to make sure I do it correctly and the best way possible.
Yes, the house is worth more than what he will take. And when he bought the house 2 years ago new, it was $253,900. Our market has gone down where we live, but yes he would accept less than what its worth.

As long as his credit scores are above 500 you can get an FHA loan. I know of two banks that willl approve you. Both of you will need to clear up any collections or judgments that youi have if any. If you have any questions send me an email I will help you get apporved

This is the first home my husband and I have owned, it’s a condominium that was purchased 10 months ago. We just experienced a flood due to an improperly installed valve. We are selling the condo back to the builders (as it was brand new when purchased and this was VERY unforseen). We will be purchasing a new home and rolling all equity into it (there will be about $20,000 in equity with the buy-back due to current market value). Will we have to pay capital gains on the $20,000? Will this fall under "Unforseen Circumstances" and qualify for a lower exclusion? Or is there something else??? THANKS!

Assuming that you mean you are selling it for $20000 more than you purchased it for and that you have done no improvements since buying it…..

Then I would talk to a CPA, this could be a lawsuit settlement that might not be taxable or like you say you could also qualify under the unforeseen circumstances.

But if you do have to pay capital gains it would be on gains not equity. If you had paid cash and the builder gave you the same cash back then there is no gain. If you made a "profit" of $20000 but are leaving behind $15000 in drapes then your gain would be $5000.

I am looking to move to Scottsdale and am curious what the Yahoo community thinks about the realtors out there. Its sometimes tough to go by the websites. I am looking for a no nonsense person to get me the home I want.

Hopefully you guys can narrow the list for me.

http://www.Welcome2Arizona.com

Choose someone who specializes in Relocation.

They can save you tons of time running around, and can answer all your moving related questions.

I am looking for a short sale realty that could help me with my Condo. Is there any realtor that can be for assistance?

Contact the bank or lending agency that financed your condo . . . they usually throw the deals to specific realtors.

The complex we live in is full of foreclosure condos and we want out of ours, but can not sell in the current market. We have had it on the market for 3 years but took it off when the housing market went down. Typically you owe more than what the other condos are going for in here. Any advise will help.

I am a real estate broker specializing in short sales.

Pro – Your credit is better than a foreclosure
Con – depending on your state, type of loan(s) and type of foreclosure, they can come after you for the difference. There could also be tax consequences. The same is true with a foreclosure.

I’m not interested in buying, I don’t have the kind of money to buy a luxury home but I still want to see it. Do you think they will let me in? Or do they only let serious buyers in? Do you think I’d have to take a realtor?

Are you talking about a sub-division? Yes, you can, although they have the right to tell you no. They usually don’t though.

If you are talking about a luxury home for sale, yes, you often have to prove the ability to purchase before you are allowed to view the home.

Punta Esmeralda is a beautifully manicured beachfront development comprising condominiums, townhouses and villas, located on the north shores of Bay of Banderas 20 minutes from Puerto Vallarta and offers all the security and amenities you could desire.
Located half way between Puerto Vallarta and Punta Mita, and close to the new world class marina at La Cruz this development is close to golf courses, commercial centers, schools, surfing, riding and a short drive from the fishing villages of Sayulita, San Pancho and those up the Riviera Nayarit.
We have a few selection of the best re-sales for villas, townhouses and condos.
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Luxury Home Video Tours and Virtual Tours in Texas Luxury Real Estate. CONTACT: Michele Turnquist, 512-328-3939, Turnquist Partners. EMAIL: m@turnquistpartners.com WEBSITE: http://www.micheleturnquist.com/

ADDRESS: 19544 Sandcastle Dr, Spicewood, Austin, TX 78669

DESCRIPTION: Fabulous Lake Travis Estate with sweeping views for miles. Situated on approximately four and one half acres with over 300 feet of Lake Travis water frontage, this home is any entertainers dream. This grand home, which took over four years to complete, boasts over 16,000 square feet of living and over 3,000 square feet of outdoor verandas and patios. From the hand-sculpted Italian marble floors, to the laser carved wood beams and moldings, this home is truly unique. The grand foyer, lined in custom Pehosky wrought iron and bronzed banisters and railings, leads you down a floating staircase into the great room below. Venture down the hall into the theater wing, fully equipped with a sound proof music room, arcade, DVD/media vault and media room with stadium seating, large wine cellar and his study. On the west wing, youll find a large, fully equipped workout room with separate morning area, full bath with shower and zero visibility steam room. The master suite, which is located on the main level, has elevator access to each level, his and her baths, separate sitting area with bar, fireplace, private veranda with gated entrance and a hot tub overlooking the water. The formal dining is fit for a king with room to accommodate a table that seats twenty, full butlers pantry with dual refrigerator drawers, warming drawer and crystal storage. The large eat-in gourmet kitchen offers eight SubZero refrigerators and freezers, seven Fisher Pykal dishwashers, four warming drawers, double Thermador ovens, Dacor six-burner commercial-grade cook top. The kitchen opens to the breakfast room and den for elegant, yet casual entertaining. All of the cabinets, doors, and moldings are hand-distressed and carved white oak, imported from Toronto, Canada. There are two separate guest suites upstairs, each with two bedrooms, two baths and a living area. There are also separate guest quarters over the four-car garage with its own private entrance, two bedrooms, two baths, full kitchen and a living area. Venture outside to the lovely pool and spa area with a fabulous cabana boasting a full kitchen with teak cabinets and granite counters and bath. Or relax under the Pergola, complete with remote solar shades and body misters. Stroll down the gently terraced and lighted paths to the gazebo and large tow-stall boat dock with party deck.

This estate is not only unique, but self sufficient with its own 5,000 gallon reservoir water supply backup system, main scale safe water treatment system. The home has eleven A/C systems, two of which are free standing and nine high efficient systems, commercial boiler for heat, a generator, complete data center, and smart-wired with full computer touch screen access from all major rooms, nine cameras, and a gated secure entrance. You have to see this home to believe it!

Video Tour Service. Virtual Tour Service. Presenting the finest Luxury Homes in Texas, celebrity homes, and HGTV Mansions. Luxury Home Video Tours filmed on location. Luxury Real Estate on TV and in the news. Castles and Mansions for Sale in TX.

http://www.TheLuxuryBrokers.com All Rights Reserved. Information Deemed Reliable But Not Guaranteed.

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Take a video tour of Hemingway Luxury Town Homes – Be a part of the Craig Ranch North lifestyle. Come live the dream on our TPC PGA golf course.

* Cooper Aerobic Center
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Jamaica Real Estate. Property consists of a very well maintained 3 Bedroom, 2 Bathroom home for sale in the cool hills of Irish Town, Jamaica. Fully equipped private gym, full size swimming pool, powder room, full size family room, TV room, Covered double garage. Must see to fully appreciate. US$450,000. Call today for an appointment to view, 1-876-855-2884, or email islandproperties@yahoo.com
Website: http://www.CoconutEstates.com

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