All the points James Kwak meitnons are true. But one catch one that adds to the utility of owning is that many of the risks of the owner, of the landlord, in a rental are passed on to tenants anyway at least in absurdly overpriced markets like New York or Boston or San Francisco. The New York City government goes to considerable lengths to prop up the housing market, trying to keep the housing bubble inflated, insulating landlords from competition, packing supposedly impartial agencies (like New York's Rent Guidelines Board) with predominantly pro-landlord decision-makers.Housing prices decline, landlords raise rents. Fuel costs go up 5%, landlords raise rents 10%. Unit is rent-stabilized, landlord paints and sands, calls unit remodeled and takes it off rent-stabilization. Asymmetries in information abound. Landlords, especially larger ones (and by that I mean any landlord large enough to make a living off renting), will likely (if they are rational) put in a good deal of effort to be informed both about the specifics of his or her property and about the general market. Tenants must devote their resources elsewhere. Landlords are comparatively organized and concentrated in their lobbying power. Years ago, Harvard law professor Duncan Kennedy suggested Boston institute a housing ombudsman to allow tenants to appeal rent increases that often exceeded 10%. Great idea, went nowhere.I've been a tenant for over 20 years. I've had perhaps two good landlords in that time (out of over 15). Admittedly, I've been a tenant in two terrible markets most of that time Boston and New York. People I know in other regions have better tales. My conviction is that landlords make a business of taking advantage of less-informed, less-advantaged tenants. The term landlord has feudal roots it's a feudal institution.
It depends on what lien poiitson you had on the property.Banks/people get paid in the order they are listed and sometimes there isn't enough money to cover everyone.References : +1Was this answer helpful?
Thank you for your question.It is very diiffcult for a non-resident to apply for a Declaration of Heirs, since it requires drafting a Petition to the Court (Tribunal de Primera Instancia), and the inclusion of several documents, most of them in Spanish. This is why I usually suggest retaining legal counsel for this matter.The cost depends directly on the complexity of the filing, the amount of heirs the decedent has left, and whether or not he/she was married at the time of passing. Every document included in the filing MUST be in original form. The court will not accept photocopies, unless extreme circumstances exist, such as in the case of cuban birth certificates issued many years ago, which are very diiffcult to obtain.If you need further assistance on this matter, feel free to contact me.
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Alan Mates of Watson Realty is a trusted and knowledgeable Sales agent in our local Clermont, Florida community. We trust Alanís judgment because of his experience and the ability to act as a buyer/seller broker in a difficult foreclosure market.
Our Goal was to purchase income properties and our best pick was Alan Mates. He wrote up the contract on our first property and submitted it before another buyer had the chance to snag this new bank owned foreclosure.
While we were waiting to close on our first home, Alan began to look for more homes on the market. To our good fortune, within 6 months we closed on three investment properties. These homes were all located in an excellent area and in like new condition. Needles to say he came through with flying colors and with the best price one could ask for.
Alan is always accessible to us via email, phone, text; early in the morning, late at night. Alanís professionalism and integrality was always excellent about making sure we were never at risk in any way with our contractual agreements, and kept us updated on any changes or info he acquired that we needed to know.
We would highly recommend Alan to family, friends and anyone looking for a top notched real estate agent. BTW, yes we settled as planned on the designated dates for all of our purchases.
In Closing, we find that it is noteworthy that we can rely on Alanís judgment and never have to second-guess his recommendations.
He is especially competent in representing both buyer and seller in the same transaction, cognizant of his fiduciary responsibility to both. Having bought three income properties,
Alan is best if you are Negotiating, and you will get the best deal. Very professional, always on time, and keeps eye on market and gives you best advice available and comparing to the future outlook. He knows the area very well, and has demonstrated his knowledge to get his clients to the table to solidify the sale or purchase. Alan thanks for all your hard work and we will be contacting you for our future listings.
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Tax appraisal is denetmired by sales price and tax rate.An appraisal is denetmired by market value. The appraiser takes comparable homes which have recently sold in the neighborhood and the condition of the home to determine appraised value. I wouldn't worry about it coming in any different from what you are offering the bank because the appraiser is a third party hired by you the buyer to give an accurate value. Even if the property was worth more he won't appraise the property for more then you offered. If it is a bank owned home then they already had an appraiser do an appraisal and probably a Realtor do a BPO. You can rest assure that the bank wants to sell the property and wants it sold yesterday so they are pretty good about pricing homes accordingly.So it looks to me the previous owner paid 109k and you are paying 96k so your taxes will be lower then his but during a market on an incline your tax appraisal could go up.Good Luck!
I love the visual of you snakeing down to the kitchen early in the morning to shovel in a few donuts! Haha! I told Allen just the other day, I should have a rule that I will only eat something myself if I would feed it to Ava. I'm so conscious about what quality of food goes into her body, but it doesn't phase me one bit to have eight chocolate chip cookies for dinner. I'm not kidding that happened recently. Good for you for sticking to it. I bet you look great!
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