Deducting Closing Costs On Taxes All Locations : Nationwide Real Estate Advice

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Juhi, Home Buyer in San Jose, CA
Juhi asked:
I'm a buyer and my real estate agent gave me a portion of her commission. She also sent me a 1098 recently. Is this taxable? I bought a home from a builder and my real estate agent gave me part of her comm ... , she just sent me a 1098 for it. Is this taxable? BTW, this was not on the HUD statement. ...
0 votes Share Flag Mon May 23, 2016 Home Buying in 95141
njbundy, Home Seller in Big Bend, WI
njbundy asked:
Besides looking at comps, how else can you determine if a home is overpriced? Looking at homes in the Punta Gorda Isles location and have one in mind, but I t ... been on the market 4 months now. Seller has not dropped price and the comps on it are 430 - 450 K ...
0 votes Share Flag Tue Jan 26, 2016 Home Buying
yorkiegirl, Home Seller in Delray Beach, FL
yorkiegirl asked:
I own 1/3rd of my mother's home in FL. We 3 are co-owners of this property thru a Living Trust. One of my siblings wants to buy the home. She wants to obtain a fair market value, deduct a real estate commission fee fro ... selling agent, nor do I understand what closing costs there could possibly be as we equally pay for hazard ...
0 votes Share Flag Sun Nov 2, 2014 Home Buying in 37660
Charlene Flo…, Home Buyer in Lackland Terrace, San...
Charlene Flores asked:
What are the pros and cons of paying cash for a house? We have in our near future the ability to purchase our first home with cash, but what's the downside if any and the upside? Would sellers be willing to negotiate more if we are pay...
0 votes Share Flag Sun Feb 2, 2014 Home Buying in San Antonio
cameronincam, Home Seller in Newbury Park, CA
cameronincam asked:
Short sale or BK? Wow, where to begin. Income is not a problem, spending is. (Which I am now watch ... $104K Second (total $509K) So without deducting closing costs, I'm $50K short. I am hoping to get ...
0 votes Share Flag Mon Apr 25, 2016 Home Selling in 91360
Michelle, Home Buyer in White, GA
Michelle asked:
Any way to avoid buy-agent commission? We have found a house by ourselves (it is for sale on MLS and liste ... by an agent). The agent has a 6% commission fee. We want to represent ourselves, open escrow, get loan, title search, inspections ... by ourselves. I have read that if we don't have ...
0 votes Share Flag Sat Aug 17, 2013 Home Buying in San Francisco
Ann, Other/Just Looking in Chicago, IL
Ann asked:
Would like to hear your opinion - why some people say re is a great investment? I am calculating and do not see it if there is no 'buuble' time. For instance I ... 300000 house, with it's homeowner insurance, 80% mortgage, property tax, closing costs. For how much ...
0 votes Share Flag Fri Apr 26, 2013 Home Buying in Lido Key
alana, Other/Just Looking in San Francisco, CA
alana asked:
Excess closing cost money question in California (purchase) At the moment, we have a lender closing cost credit that is higher than our closing costs. In fact, we will ...
0 votes Share Flag Thu Mar 21, 2013 Financing in San Diego
Montrae999, Home Buyer in San Francisco, CA
Montrae999 asked:
I can afford payments on a $500,000 loan.I want to buy a multi-fam home and collect rent.Can I get a loan fo ... I want to move to san francisco and live in the city. To get a better return on my home investment I would l ...
0 votes Share Flag Mon Feb 18, 2013 Financing in San Francisco
Michael, Home Buyer in Dallas, TX
Michael asked:
Where are the best places to live and why in the $900-1.1M range when exploring moving from LA to South Florida? I'm a single professional exploring an opportunity to relocate from Los Ang ... .Thanks in advance for your recommendations and your thoughts on the area! ...
0 votes Share Flag Tue Oct 16, 2012 Home Buying in Fort Lauderdale
Tc, Other/Just Looking in Omaha, NE
Tc asked:
Advise on refinancing and getting ex wife off mortgage. I'm divorced 2 years and have been living in and paying the mortgage for 2 1/2 y ... do this without a big closing cost. If I try to sell, I doubt i would be able to sell without losing ...
0 votes Share Flag Sun Jul 15, 2012 Financing in Omaha
Texas58,  in McKinney, TX
Texas58 asked:
My husband & I are currently in an apt, lease ending in Jan, how soon should we start looking for a house? tired of throwing our money down the drain! we have rented for 6 years, paying off debt, yea!! We have started serious talks about buying a house but here is our situation. We are not going to call McKinney home after he r...
0 votes Share Flag Thu Aug 18, 2011 Rent vs Buy in McKinney
Patti, Home Buyer in Saint Clair Shores, MI
Patti asked:
My home is on an ARM, I am now renting it out(I bought a 2nd home). When payment goes up & I cannot re ... If it goes into foreclosure, could the bank garnish my wages or come after my other home?
0 votes Share Flag Thu Oct 21, 2010 Property Q&A in Saint Clair Shores
Jackie, Home Seller in 33442
Jackie asked:
Received an offer on our house in Deerfield from a real estate agent. The offer included many stipulations:Offer price 285,000Buyer will waive his 3% fee (since h ... buyer's closing costs ($14,250)So to me the bottom line offer - once you get past the ...
0 votes Share Flag Wed Oct 20, 2010 Home Selling in 33442
Canadian Inv…, Home Buyer in Chandler Ginning, Gi...
Canadian Investor asked:
I don't really understand the morgage terms in USA, it looks different than In Canada . What is the meaning of those terms? 30 Year Fixed Does it mean that I have to pay 30 years to pay it off, and the rate is fixed for 30 years?5/1 ARM what is this supposed to mean?What is APR?What ...
0 votes Share Flag Sun May 9, 2010 Financing
Thai, Home Buyer in Orange County, CA
Thai asked:
Background: Applying for FHA 30yr fixed, $275K with a co-borrower from out of state (Hawaii) and she will be non-occupier. Both perfect credit, gross income = $8,200/mo, with total combined bills = $1,500/mo.Question ... that the co-borrower from Hawaii claims mortgage interest on her 2008 taxes cause concern for possible ...
0 votes Share Flag Mon Jan 4, 2010 Financing in Menifee
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