To determine the property taxes on a specific or generic property in Glenburn the best thing you can do is call the County Tax Assessor at 701-857-6431. Ask what the cost per $1000. is in Glenburn. They should be able to give you that number.
In Minot it is $14.05 per 1000 dollars on a single family home...... So, if you are buying a house for $150,000. then your taxes would be figured like this. 150 X $14.05 = $2,107.50
When you buy any home the taxes for you will be different than what the current owners pay because you are probably going to be paying more for the house than the previous owners were valued at.
The amount the County will give you will be the amount for last year....2011. The new amounts will not come out until the end of the year, so you can expect that the amount will rise some.
Hope this helps....and do keep in mind that the amount of the taxes is prorated, so when you buy your house you will get credit on your settlement statement for the period that the previous owners owned the home. That will usually be put in your escrow account, and 1/12 of the amount will be added to your payment each month so that at the end of the year, when the taxes are due, you will have enough or close to enough to cover the cost. Your lender will keep watch on this, and will send you a statement each year showing you what the taxes were and when they were paid, and will adjust your payment for the upcoming year so the next year you will have enough to cover the cost or most of the cost in your escrow account.
You mentioned you didn't want an agent hounding you...most agents will treat you with respect, and honor your wishes...I will admit we ask a lot of questions, but that is only because if we don't know your situation and challenges we can't help you accomplish your goals.
Hope your home hunting is a great experience for you!... more
That question is difficult because the down payment requirement depends on loan type....typically, you can expect 3.5% for an FHA loan, 5% for a conventional loan, 0% for a VA loan, 0% for any USDA eligible homes with a USDA loan, $100 for an eligible HUD foreclosed property.....
You can see the variances. I recommend you find a local lender to discuss your financial situation and obtain a pre-approval. If you qualify for an FHA loan, you should be good to go to locate a real estate agent and start discussing homes in your price range. An FHA approval is probably where you want to start unless you are eligible for a VA loan. The other loans I discussed (HUD $100 down program & USDA) are possible, but if you just focus on these, you may never find what you need or want.
Hope this helps.
Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
'Serving all Your Real Estate Needs'... more
Nobody has a crystal ball, so it's impossible to say what the market is going to be like in 5-8 years. I think you should do what's right for you and your situation now. If it were me, personally? If you can afford to build your dream home now (while land values and costs to build are relatively low), why not? I think the market has "hit bottom" in most places and starting to recover. Home prices are slowly creeping up. But who knows what the future holds? What if there's another "9/11 event"? What if we go to World War III? Anything can happen.
But if you buy something that fits your family now, no one knows what the market is going to be like 5-8 years from now. Will you be able to sell your small home then? Will you be able to buy your dream home then? Who knows! Do what works for you today.... more
Sadly for you, yes you will. If it closes then you will owe the commission assuming you are the seller. Is there some reason you think the Realtors held it up and made it go past the closing date? Those dates are targets you aim for but rarely set in stone. You said contracts, was there more than one contract?... more
Great question! To help you find a reputable real estate agent in your area, I recommend you check out Trulia's "Find a Pro" tool:
Agents are sorted by how active they are in the Voices Community and by the recommendations of users like you. Check it out and let me know if I can help you with anything else.
Alison Hillman, Community Manager... more
Greg Smith might be able to help you. He is with Main Street Appraisals. I believe he can do a rush appraisal for around $750 or so. I assume there are other appraisers as well that could do a rush, I'm just not sure on their price.
Dawn Kopseng, Realtor... more
Short Answer: It will lower real estate values. There is already a lot of info about this to be found out there on the 'net.
My wife and I have started looking for a piece of property to buy somewhere closer to my job in Cary NC. They just slid legislation authorizing hydraulic fracturing through our legislature in record time, with almost zero scientific research or well testing performed. Kind of hard to prove an increase in ppm of toxic chemicals in well water if you don't have any "before" water tests to compare with.
But I digress.
Read around on the net or just think about it some. Property values are going to decrease. It is already happening in lots of other places that this is going on. Here in NC, idiots are lining up by the thousands to sign drilling leases because they want that money the gas companies will pay them. Some have even been quoted in various news stories saying things to the effect of, they don't CARE whether their wells get poisoned by the drilling or what will happen to their neighbors around them, because they're using the $$ they get from signing the the drilling lease to pay off their mortgage and move somewhere else.
Wait until the problems start happening. (you know, the same problems that happen everywhere else fracking is allowed). When people's wells get poisoned and the water isn't safe to drink or even wash your clothes in, who is going to buy your house for what you have "in" it?
Oh, and then there's the finer points of this legislation they passed here in NC. Let's say YOU have educated yourself about fracking and don't want to allow them to drill on your property. But just ONE of your neighbors on adjoining property signs a drilling lease:
1) its going to poison your well anyway - the water you get from your well is the result of underground FLOW of water...
2) The law can MAKE you let them drill horizontally under your property and harvest your minerals and natural gas ANYWAY
3) Because you RESISTED them, they don't have to compensate you as much or AT ALL (sorry, the text is a little vague here) for the natural gas they extract from your property
It is for reasons such as the above and others that a decrease in property value where fracking is happening is a known problem. And also why a growing number of mortgage lenders may have a serious problem with you signing a drilling lease, or lending on property where the mineral rights don't come with the property. Not to mention the issues with title insurance.
My wife and I really don't know what to do at this point. We want and need to sell the house we live in now because it is too far away from my job (or other jobs in this line of work), but where in NC can we buy a house outside of city limits that we won't have to worry about fracking destroying our investment or our lives?... more
Your Realtor does not dictate thsi to you.
Neither does his Broker.
The only dictating might be done by the OFFER itself, which might include a very quick response time: The Buyer have the right to demand a 24 hour answer. You are free to ignore it, at your jeopardy; but they can demand it.
If I had an offer in my hand, I would look at it; irrespective of 12 offers coming tomorrow.... more
One question is whether you can get cash out of the deal; I'm not sure you can. I'm guessing the builder essentially is giving you a $100,000 credit against the $200,000 house. You don't actually get to put your hands on the $100,000.
So by bumping everything up $5,000, you still wouldn't be getting your hands on any cash.
Hopefully, you're working with a Realtor and not dealing directly with the builder. If so, ask your Realtor for suggestions. For instance, you might be able to save some money on closing costs and use those savings--money you didn't actually spend on the transaction--to pay off those bills.
One other concern: If you consolidate those bills in a new mortgage, while you're getting a lower interest rate (mortgage versus other biller), you're building that debt into your mortgage for the next 30 years. So that $200 car repair or that $500 big-screen TV is going to take 30 years to pay off. That's not a good idea.
Hope that helps.... more