Comments on: Are You Purchasing Your First Home as a Couple?

By: Giggles

Giggles — Wed, 12 Aug 2009 19:22:43 +0000

No, it isn't, and let me tell you what I see in my career as a Realtor and on Yahoo Answers…alot.

You have a couple that moves in together, buys a house, they are both on title and the mortgage…then they break up and one of two things happens.

1) Both of them want the house…and if that happens, both of them have to sue the other in court to get the judge to make a decision.

2) Neither one of them wants the house so ONE usually will move out on the other…leaving the "resident" stuck with paying the ENTIRE mortgage unless they want to ruin their credit…and guess what? They CAN'T SELL IT or refinance it without the signature of the other owner…so what happens if you can't agree on selling price???

On situation #2…it gets worse…a judge CANNOT order one unmarried person to pay the bills of another or contribute to a joint debt…but they CAN if you are legally married…that is the legal protection you get if married that you don't get if you are just living together.

It's just a bad idea. Just remember that no one ever buys a house together thinking they are ever going to break up.

By: Home Improvement

Home Improvement — Wed, 12 Aug 2009 15:27:28 +0000

Amazing Song I Love It 5/5 Hey Im Seariously Not Trying To Spam But If U Want Look At My Vids They Are All Gaming Vids. But Back To Switchfoot Just Plain Amazing.

By: Crazydays

Crazydays — Wed, 12 Aug 2009 10:36:08 +0000

ofcourse, before deciding to rent over buying , think about this always: 'There is no equity in Rent.' This means, that you can rent a house or apt for a 100 years at the end of it all , it will never be yours.

By: Home Improvement

Home Improvement — Wed, 12 Aug 2009 10:13:49 +0000

this song is so awesome, even better live!!! September 6th, 2009!!! it was awesome love jon foremans writing, SWITCHFOOR BABY!!!!

By: Leanne H

Leanne H — Wed, 12 Aug 2009 10:10:21 +0000

Once you do decide who is to pay what, have an attorney who handles contract and real estate law draw up a contract that stipulates how things will go given different scenarios. I work for an attorney and have seen this type of thing done before. But bear in mind property laws can differ from state to state.

By: thefallguy80

thefallguy80 — Wed, 12 Aug 2009 10:08:04 +0000

If you purchase in 2009 you can claim the $8,000 credit on your 2008 return as long as you close on the purchase before you claim the credit.

The IRS rushed out a new version of Form 5405 http://www.irs.gov/pub/irs-pdf/f5405.pdf that includes the $8k 2009 credit for 2008 returns. This is a major change to normal policy.

By: Home Improvement

Home Improvement — Wed, 12 Aug 2009 09:22:34 +0000

Just replying to my own comment saying I <3 Switchfoot!

By: Home Improvement

Home Improvement — Tue, 11 Aug 2009 14:47:15 +0000

same here dude.

By: Kate

Kate — Mon, 10 Aug 2009 18:59:29 +0000

I have worked with many people who want a maintenance free, WORRY free, stress free vacation property in Florida to enjoy now and retire to later.

Most of them rent the property during high season (mainly January through Easter) to help cover their own costs – and then enjoy it themselves when it is not rented.

Others rent it during the off-season (for less) so they can enjoy it during the winter months. It's up to you.

But, to do this, the property must be turnkey furnished (down to the spoons in the drawer and the linens on the bed). The good news is that many properties are sold this way, and are investment and renter-ready from the start.

I would figure out:

1. Your preferred location in Florida.
2. Your budget to spend.
3. Have a local realtor help you with real estate tax, insurance, association fees and local rental rates, so you can factor that in.
4. Talk to your accountant about how much you can write off on your taxes, if you rent it (and that will depend on how often you rent it, and/or how often you and friends and family members use it).
5. Sleep on it. Pray on it. Go for it.

Feel free to use my search engine at http://www.searchforvenice.com to check out ANY properties listed in South Florida – it's free and does not require registration.

And, email me if I can answer any other questions for you.

By: Home Improvement

Home Improvement — Mon, 10 Aug 2009 14:24:51 +0000

Sweet song