A home seller asks if an appraiser, or a real estate agent should set the price on a home. The answer is using one person, regardless of type of license is very risky.

Our reader wants to know if he can use a quitclaim deed to buy property from a sibling. He can likely do so, but needs to educate himself about the cons of doing so.

Our reader today exemplifies the plight of the for-sale-by-owner. While I applaud those who venture out to reduce expenses, rather than earn more, real estate remains a bit like the wild west even today. There are no enforceable standards of practice in an industry where your competitors are also your best customers. Interestingly enough, I can make the same statement to any consumer utilizing the services of a real estate agent.

Home sellers and buyers need to be cautious using online home valuations websites that do not disclose accurate PSF costs. In real estate, cost sets the upper limit of value and understanding why is important.