Author: Monty
-
Tips for dealing with real estate developers
Reader Question: My property on the east coast has been re-zoned to high density. I have received many solicitations from real estate developers. I suspect that they do not have my best interests in mind. What agents-real estate attorneys, must I consult? Monty’s Answer: My interpretation of your question is that you want help…
-
Has the real estate market fully recovered?
Reader Question: Before the banks caused the 2008 meltdown, I purchased my home for $475K. Homes directly around me have recently sold for anywhere between $215K-$360K. Prices are finally rebounding here, and I have the most beautiful home in the area. Can I expect to make any money by putting my home for sale or…
-
A partnership agreement needed with inherited property
Reader Question: My wife and her three siblings inherited the family home when their mother died. My wife was 20 years old at that time, the eldest, and invested 10k in keeping the house. It is now 39 years later, and the siblings want their share. My wife is the only one who has…
-
Selling packaged real estate investment vs. individual pricing
Reader Question: I have packaged a duplex and three single-family homes together and listed them for sale as a packaged real estate investment. These are C+ to B- cash flow homes in the midwest which are attractive to out of state investors. All currently have tenants in them with rental history available and are priced…
-
Picking a real estate agent for the wrong reasons
Reader Question: I have a friend who is a real estate broker. She wants to be my agent for a home I currently own and the home I buy when I relocate. She has another job and appears overwhelmed. She lives two hours from where I am buying, and the house I am selling is…