Month: December 2013

  • Sleuthing a real estate issue – your personal reality game

    Reader Question: I purchased a home from a contractor. It was a carriage home that was a model for the developer. The home had an in-law suite over the garage. I obtained a standard mortgage to purchase the home, including an appraisal and title insurance. In 2011, I was going to refinance the home only to…

  • Developer track record important in housing projects

    Reader Question: A year ago I bought a town home in a condo project. I asked about parking and told that each homeowner would have one additional space outside to park as well as in their garage. The garage is built into the home. Since I moved in, the municipality painted one side of the…

  • Converting the garage to living space

    Reader Question: Hello, my house has the garage in the lower level basement. We would like to transform that space in a family room with bathroom and a bedroom but some people tell us if we do, the house loses value if we sell in the future. Is it true, or not?  Michael S. Monty’s…

  • Water management issues can be dicey with neighbors

    Reader Question: The neighbors recently have installed 5 drainage hoses aimed at our house. One is from the neighbor on the other side of them. We tried calling the city and the calls have not been returned. Can we do anything to stop them? Mary P. Monty’s Answer: Hello Mary, and thanks for the question. Water runoff is an…

  • Occupancy at closing is risky for home seller

    Reader Question: my property is for sale. It has been my primary residence for 40+ years. My Realtor wants to know ‘If an offer were made would I be willing to vacate the premises upon the day of closing?” What if I move all my belongings into storage and the buyer backs out of the sale at the last…