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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 readingHome 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.
Continue readingOur reader this week views appraisals as obsolete. While there is some credence to his opinion, the better mousetrap remains elusive particularly, when the experts are expecting to conquer the challenge without even inspecting the property. I, for one, believe a set of knowledgeable eyeballs physically observing the property will be challenging to eliminate. Online estimates are a prime example.
Continue readingReader Question: We are looking to buy our first home. We have seen a house we like, but it needs renovation. The house has been neglected but has a solid structure. We have a down-payment and good credit. Twenty-percent down…
Continue readingThe seller now wants to back out of the contract. Can they force us to release them from the contract?
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 readingThe seller canceled escrow when the house appraised low. Am I stuck with the appraisal fees? You are responsible for the appraisal cost. Try to look past this bump in the road. Appraisals disrupting sales are frequent.
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