Tag Archives: buying a house

I’m buying a house, the mortgage appraiser value is much lower than the actual cost price of the house.?

I’m closing in 3 days.

Anyone Interested in buying a house in Hickory NC?

I have a modular home for sale, with 0.35 acres of land. It has 3 bedrooms, and 2 baths. 1120 sq. feet. Built in 2001. The tax value of the home is $101,500.00, but reasonable offers will be considered. Realtor’s remarks: Like new modular home located on a dead-end street. No maintenance vinyl siding, oak cabinets in kitchen, Master bedroom has private bath and walk in closet. Refrigerator, ranger, washer & dryer included. If interested contact me at: owner_selling_home@yahoo.com – Thank You

Why do people spend money on apartments rather than buying a house?

I am a loan originator and I find that some people actually stay in apartments for years and have families that grow up there. When you walk away from an apartment, all you have are memories. When you walk away from a house your owned, you have memories and thousands of dollars! Rent is actually more expensive than owning a house of the same quality.

US TAXATION on worldwide income – Reinvestment of capital gains from sale of land in buying a house(India)?

I am from country India and moved to USA on a 14 month tempoarary assignment. I have arrived in May and earning a US Salary for the duties I perform. I would be filing my tax return in USA as a resident alien. I have sold land in India while I am in USA say for 20K and reinvested the proceeds of 18K in purchasing a house in India within 6 months after the sale of land.

Assuming that both transactions happened in the same tax year of USA how are capital gains taxed in USA when I report my world wide income.? Will it be the diffrence of 20-18=2K for which I would be taxed or will indian taxation rateS would apply as the source income is based out of India or will I be taxed for the entire 20K?

buying a house in newyork state (first time home buyer)?

I am a first time home buyer in new york state. what are the most important things I need to know? also is now a good time to buy? the home i am looking at is assessed for 35k (assessment is current with in the last 3 years) the asking price is 59.9k is this high? I should also mention this house is in excellent condition. there are a few very minor defects. also what can i specefically ask in for in the sale contract? there is some trash i would like removed before the closing. this is stuff left from prior tennants. there is also tennants in the house now. if they do any dammage before they move out can i have it stated in the contract that its the sellers responsibility to make any repairs from the disgruntled tennants? thanks in advance for any advice.