1. Are real estate appraisals flawed?

      Reader Question: ​Why do​ appraisals use comparative analysis as a means for valuing a home? This approach is flawed as most of the time they do not take into consideration the upgrades one has made in their home, plus the layout of the yard and landscaping that enhances one’s home. Why don’t they use […]

    December 10, 2018
  2. We bought a one-hundred plus year-old home and discovered a foundation problem after moving in. Do we have recourse?

    Reader Question: We bought a one-hundred plus year-old home. Tenants occupied it at the time of purchase, and we couldn’t move in for three months. It is our first house. It has a stone wall foundation and wooden beams supported by screw jacks. An addition has a concrete block foundation. The home inspection called for […]

    October 22, 2018
  3. I am considering investing in real estate. Can you explain how people avoid taxes just by owning property?

      Reader Question: I am considering investing in real estate. Can you explain how people avoid taxes just by owning property? Monty’s Answer: Real estate investors do not invest in real estate to avoid taxes. They invest in real estate to build wealth. Appreciation, income, and depreciation create wealth in real estate. Depreciation is also […]

    October 16, 2018
  4. In real estate, what is procuring cause?

      Reader Question: One of the agents we are interviewing to help us find a home mentioned something called “procuring cause” which is a term unfamiliar to us. Apparently, we have to be careful about talking with other real estate agents because other agents can get the commission if they mention a potential match that […]

    July 29, 2018
  5. We found a home we are very interested in buying. We hear a lot of different opinions about how to check out the neighborhood. Do you have a due-diligence checklist?

    Reader Question: We found a home we are very interested in buying. We hear a lot of different opinions about how to check out the neighborhood. Do you have a neighborhood due diligence checklist? Monty’s Answer: Consider a conversation over a checklist. The reason you hear so many opinions is that people’s circumstances and life […]

    June 4, 2018