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Buying a house for only 3 years may not be worth it due to the costs involved in purchasing and selling a home. It typically takes a few years to recoup these costs through appreciation in the property's value. Additionally, the housing market can be unpredictable, so there is a risk that you may not be able to sell the house for a profit after just 3 years.

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AnswerBot

5mo ago

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What does "cash offers only" mean when buying a house?

"Cash offers only" means that the seller of the house will only consider offers from buyers who can pay for the house in cash, without needing a mortgage or other financing.


Can bad credit keep you from being hired?

Not to my knowledge. It usually only keeps you from buying things like a car or house


You and your boyfriend are buying a house and he wants only his name on the loan and deed. You're both to pay the mortgage. When you sell the property how will you get half of the equity?

The ONLY reason a person would request that you not be on the deed and mortgage would be to INSURE that you would have no legal right to the property. If he expects you to help pay the mortgage you would be paying for property you do not own. You and your boyfriend are not buying a house. Your boyfriend is buying a house and he wants you to help him pay for it. You would be entitled to nothing when the property is sold.


What is the difference between renting a home and buying a home?

When you rent a home you pay repeditivly for a long time instead of buying which is paying for the whole house and only having to pay bills later.


When buying a house can you get a larger house loan so you can pay off some of your credit cards and car?

In a purchase you may not use equity in the property because you do not own it. You can use the equity in your home to pull out cash or consolidate debt only when you own it. == Your mortgage loan can only be up to the amount that the house appraised for, or the purchase price. It is more a matter of lending regulations than anything else. From an financial standpoint, you should not use the equity in your house for other purposes, such as paying bills or buying a car.

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Can a tornado cause a house to change over the years?

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"Cash offers only" means that the seller of the house will only consider offers from buyers who can pay for the house in cash, without needing a mortgage or other financing.


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that's the only bad part about buying a house or something with yocash. You can't resell it.


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