Question by kittfxa: I’m a first time home buyer. How do I find an affordable home in Pasadena, California?
I’m looking for an affordable home in the area of Pasadena, California. But I’m a first time buyer. How can I get the cheapest home there?

Best answer:

Answer by dik
no such thing as affordable.

figure 1 million and up….

did that spoil your day…..LOL LOL LOL LOL

Give your answer to this question below!

Question by tess: how does the guide price relate to the final selling price for property at auction?
has anyone been to a property auction in the uk? (particularly birmingham)
Does the final selling price tend to be similar to the guide or much more?

Best answer:

Answer by pax veritas
A guide price is fairly similar to an indication price. (p.3, Best Price)

The seller or agent of the seller would place a price they think they can fetch for the property based on an index price of real estates around the area. If the guide price or the recommended bidding price is not met, they may decline all offers that have not met the requested price.

In practice under normal conditions, one should expect the sell price to match or be in excess of the quote price. The seller accepts the bid and the auction is completed, awaiting administrative and further negotiations. When the guide price is not met, some savvy buyers may try to negotiate with the seller or agent to sell the property after the auction has failed.

Depending on where properties are in Birmingham, guide prices would fluctuate against quantity surveyor assessed properties based largely on location, condition of dwelling followed by floor area.

Add your own answer in the comments!

Question by Lady: How does a person go about finding a home buyer agent?
Does the home buyer agent show the buyer the property or does the seller’s agent? I live in Cleveland Ohio.

Best answer:

Answer by Me
Call a top realtor (million dollar producer )
Either one can show you the home your agent or the seller agent.
If the persons show you the home and he is the agent he get monies from you and the person selling it.
Good luck.
Try FSBO. OHIO market is sucking right now..

What do you think? Answer below!

Question by amanda k: How to file for 1st time home buyer tax credit after 2009 taxes have already been done and refunded?
We have already done our 2009 taxes earlier this year and got our refund back already. We are about ready to close on our 1st house by the end of April 2010. Can/How do we file to get that 1st time home buyer tax credit after we close?

Best answer:

Answer by tro
1040X

What do you think? Answer below!

Question by sjsteelemoon: Who pays the real estate agent when a foreclosed home is purchased?
We are looking to buy a house. We found a real estate agent before we found the house we really want. It’s a foreclosed home. How does the real estate agent get paid?

Best answer:

Answer by newjerseyguy
By the seller.

What do you think? Answer below!

Question by operaphantom2003: How reputable are the real estate courses offered by real estate companies?
I am interested in going into real estate when I finish college and have been looking around at schools. Century 21 offers their own course (3 weeks) and another real estate company offers one for 6 weeks while the community college offers one for 8 months that trains you how to appraise and broker as well as just getting your license to sell.

Which program is best and what is the difference between being a real estate agent (seller) and a broker?

The costs range from $ 600-$ 2500

Best answer:

Answer by golferwhoworks
the broker hires agents under there license and get a cut of commissions. The agent does listing and sales and earns a commission

Know better? Leave your own answer in the comments!

Question by david a: hi does any1 no how to get listing for property auctions in the uk please help?

Best answer:

Answer by Doc
Go to the auctions.

Add your own answer in the comments!

Question by salisa: If my neighbor is in foreclosure and the bank auctions the property how does this affect my property value?

Best answer:

Answer by Janet
The sale gets calculated in, it will drop the value some. How much damage it does depends on how many other homes sell in the next few months, as well as the last few months. After 6 months this sale is no longer in the equation though, so long term it should not hurt you, only if you are selling soon.

Give your answer to this question below!

Question by john K: At sheriff sales and foreclosure auctions who pays the liens and any other judgements against the property?
This is my first time doing this any other info would be greatly appreciated.

Best answer:

Answer by wartz
Any liens that are junior to the mortgage being foreclosed are discharged from the property. They may or may not get paid later.

Add your own answer in the comments!

Question by mytfyne79: Is it really possible for me to start real estate investing from outside the state you want to invest in?
I am currently deployed to Iraq and I have been wanting to start investing in real estate for sometime now, and I would like to get started from out here if at all possible. When I go back to the states in December, I still won’t be going back to that state that I want to buy property in for about 4 months after I get back. With the foreclosure market being kind of nice right now, should I wait?

Best answer:

Answer by jmarlow
I think you should wait until you are able to be more aware of what is happening in that state you want to invest in. It’s kind of like being blind to what’s going on if you can’t be there for a while. I think you should wait. The market will always have a favorable time again to buy if it changes.

What do you think? Answer below!