This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
Find informative stats, trends and insider tips on your state, county, city or neighborhood of choice. The insightful experts of ActiveRain share with you in a way only a local resident can.
Q. Hi. we are buying a house for $21,000 cash in PA. they are chargeing us 12 months of taxes and 14 months of insurance. $3400 for taxes and 700 for insurance. all together for everything is $29,000. this seems high to me for paying in cash. Does this sounds right???
Thank you for posting the question. If you are paying cash, there are no escrows held so should only have to pay for the current years homeowners insurance and reimburse the seller for the unused portion of their taxes. If you take out a mortgage then you would have to put tax and insurance money in escrow with the lender. This could of just been a mistake. I would recommend contacting your title insurance company and reveiw the closing fees with them. Good luck
Well, you have your prorated taxes paid back to the seller, both School and local. Being that it is sept, your prorated amount will be up there, almost 100% of taxes due for the year. Also, if you want a clear title, which anybody does, the title company takes their share, then you have the transfer tax, cost to record the deeds... You'll see it all on your Hud sheet at closing. If there is a Home owners association fee, that goes on top also. But when in history could you buy a home for less than 29000? My Grandfather told me stories ... back when I was your age... Unfortunatley or fortunatley, depends on how you look at it, that time is back. How long will it last? Time will tell. It sounds like you are purhasing a foreclosure, banks push a lot of fees back on the buyer, the full transfer tax, sometimes back taxes. etc. Good luck on your purchase. Next time use a "Realtor", no under representation occurs in a transaction with a Realtor, and the knowledge of a housing expert is on your side.
Better Homes and Gardens Real Estate | Wilkins & Associates
Without seeing your HUD it's hard to say exactly what taxes you are being charged for. If the home is a forclosure there maybe back taxes. You have a transfer tax in Pa which could be as low as 1% or as high as several percent.
If you are paying cash it is up to you whether or not you carry insurance. It is standard for the insurance company to require annual payments.
Your Realtor should be able to explain each line item the title company or attorney is charging to you.
Disclaimer: ActiveRain does not evaluate or guarantee the accuracy of any Ask a Real Estate Professional responses. All questions and responses are provided by ActiveRain Real Estate Network community members. You agree that any use you make of such responses is at your own risk and that ActiveRain is not responsible for any losses resulting from your reliance on any Ask a Real Estate Professional responses. Ask a Real Estate Professional responses should never be used as a substitute for advice from a qualified professional.
By submitting a question to Ask a Real Estate Professional, you acknowledge that ActiveRain is not responsible for any response you receive or do not receive, and you agree to hold ActiveRain harmless from any loss, harm, injury or damage resulting from or arising out of your submission of the question or your use of or reliance on any response thereto.
Disclaimer: ActiveRain Corp. does not necessarily endorse the
real estate agents, loan officers and brokers listed on this site
. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors
to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for
the content in these profiles, that are written by the members of this community.