Home Buying

Gathering Information

Where to even start? In the information age that we live in, your options for real estate research and learning can be a bit overwhelming. There are many great resources and communities to connect with other home buyers and sellers to find the answers to questions big and small. This website and newspaper column would like to consider ourselves one of them. Trusting your sources can be half the difficulty, however, so a big part of the real estate buying or selling process can be finding people and sources of information that you trust.

As important as buying a home can be, it is important to gather information from as many different sources as you can. But often the best source can be the home seller and agent themselves. Real estate deals have many layers, but often times open communication is the best recipe for a successful real estate transaction.

What is the definition of real estate? How does it work? It may be helpful to you to have a good foundation. Click here to learn the details.

Let’s look at some specific questions sent in by DearMonty readers from across the country. Read more Q&A articles about the “Gathering Information” stage of the Home Buying process:

  1. 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
  2. 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
  3. We are moving to a new community. Our friends made such a move, and had an unhappy ending. What can we do to prevent a similar mistake?

      Reader Question: We want to be avoiding emotional relocation turmoil. A job-related move to a new community is in our near future. We have friends that made such a move, and with some bad advice they ended up in a marginal neighborhood. What can we do to prevent a similar mistake? Monty’s Answer: There are […]

    October 29, 2017
  4. Should I be paying cash for a home worth $200,000?

    Reader ​Question: ​Are there any benefits to paying cash for a home worth $200,000?​ Monty’s Answer: This is an issue to which you would receive different answers depending on the disposition of the person answering the question. Leverage is the gold standard for most real estate investors. Many non-investors believe their home is not an […]

    July 17, 2017