Q&A ARTICLES

BUYING
SELLING

Q & A Posts

  1. Have we made costly homeowner mistakes? Agents are stating one of our bedrooms is not a bedroom. Can this be true?

    Reader Question: Did we make some costly homeowner mistakes? We are selling our home we bought 40 years ago. We finished the unfinished upstairs ourselves to save money after we bought it. We raised four children here. Now the real estate agents say because one of the bedrooms is accessed through another bedroom and lacks a […]

    August 21, 2017
  2. Will adding solar panels affect the value of my home?

    Reader Question: ​How will adding solar panels to my home affect its value? Are the panels an asset or a liability? Does their value change with time? ​Monty’s Answer: You are asking questions that rely on science and future events that are beyond the scope of my expertise. With that qualification, here is one person’s […]

    August 7, 2017
  3. Do you have any tips on taking care of a home?

    Reader Question: We will be buying our own home in the next year or so. There are numerous published articles about the hidden costs of home maintenance and caring for a home that offer conflicting information. Do you have any tips on taking care of a home? Monty’s Answer: Taking good care of a home […]

    July 31, 2017
  4. Is selling to a home flipper a good idea?

    Reader Question: We are planning to sell our home and asked a handyman to give us an estimate of the costs to fix several issues that are likely to cause a buyer to offer less money. He did provide us with a detailed estimate of the cost and also offered to buy our home as […]

    July 24, 2017
  5. 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
  6. We just lost a buyer over two small discoveries at the inspection. How can home inspection outcomes be improved?

     Reader Question: We just lost a buyer over two inconsequential discoveries by the home inspector. Our agent told us the buyer was edgy, and were afraid they would inherit more problems in the future because the discovery created the impression we hadn’t taken care of the house. We have had other friends with inspection issues. […]

    July 10, 2017
  7. What does the seller's condition report cover and where does a homeowner's responsibility to disclose end?

    ​Reader Question: What must a home seller disclose and what are we not obliged to disclose? We are preparing to sell our home and want to know. ​What does the seller’s condition report cover and where does a homeowner’s responsibility to disclose end? ​Monty’s Answer: ​Most every state has laws and requirements for a home seller […]

    June 19, 2017
  8. Our agent is pricing our home using mass produced comps for our custom built home. How is it possible to compare them to our home?

    Reader Question: Our agent’s home pricing is confusing. The area we live developed with colonial style homes that all look the same. Our home is a craftsman style home that is custom-built. We built our home with branded concrete siding, expensive composite decking, and custom maple cabinets with built-ins throughout the home. We have heated […]

    June 6, 2017
  9. We contracted to buy a home and discovered major undisclosed issues. We backed out, and now the seller will not release our deposit. What should we do?

    Reader Question: We signed a contract on a home. In reviewing disclosures, everything seemed ok. We found out a week later that the city water and sewer was confirmed to run under the house and through the middle of the back yard and also services three properties to the south. We also learned the water […]

    May 29, 2017