1. Is it worth it to finish a dirt floor basement?

    Reader Question: I am considering buying a home built in 1908. The basement has a dirt floor. Is there any financial advantage in have the floor finished with concrete? Monty’s Answer: Hello Michael, and thanks for your question. Homes with dirt floors in the basement are more common than we realize. Let us assume there is […]

    September 24, 2013
  2. Should we sue a home buyer that backed out last minute?

    Reader Question: My wife and I had a contract to sell our home for cash. The buyer gave us 3 weeks to vacate. All contracts were signed, the house passed inspection and all disclosure were made and understood by the buyer. We had a moving sale, selling the bedroom set, some furniture, garden tractor, etc. We also purchased another home […]

    September 17, 2013
  3. How to protect your home equity in a divorce

      Reader Question: I am separated from my husband. Instead of selling the house he wants to buy me out. He is a Realtor and wants me to pay 3% commission to him for this transaction. Is this legal? Rachel D. Monty’s Answer: Hello Rachel, and thanks for your question. The simple answer is that it is legal […]

    September 10, 2013
  4. How to handle occupancy after closing a home sale

    Reader Question: I recently signed a contract to purchase a home under the agreement that I would allow the sellers 30 days to move out after the closing date. What should I do to protect myself financially against damage to the home in those 30 days? Also, can this be negotiated through the bank at […]

    September 3, 2013