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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.
Continue readingReader Question: We are starting to explore buying our first home. We have attended several open houses and spoken to several real estate agents. One of the questions we have asked is who pays the real estate commission. It is…
Continue readingBuying a condominium unit is different than buying a single family home. It is a complicated process in comparison.
Continue readingReader Question: What are the pros and cons of owning a second home? My wife and I have the opportunity to purchase a second home. I’ve spoken with the homeowner, who is a friend of mine. He stated that…
Continue readingReader Question: We bought our current home a year ago. We realize houses and their systems are always wearing out, but in this house, it feels like the repairs and replacements are inordinate. The latest example is electrical. The electrical…
Continue readingReader Question: We are considering a home in a rural area. Much of the housing stock consists of 1920-30’s homes. How can we determine if there is a buried fuel oil tank somewhere on the property? Monty’s Answer: According to…
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Reader Question: They paid $20K more for the property than it was worth. My daughter and her husband purchased a home for $145,000 and found out a few weeks later, the appraisal was only $125,000. Neither their agent nor…
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