My listing agent missed the first two showing appointments. It doesn't look good. Can I cancel the contract?
seller picked a poor agent and is seeking advice on how to cancel the listing agreement.
September 16, 2018
Q&A ARTICLES
BUYING
SELLING
Q & A Posts
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My property has been rezoned. Many developers are soliciting me. They do not have my best interests in mind. Who should I ask for advice?
Reader Question: My property on the east coast has been re-zoned to high density. I have received many solicitations from real estate developers. I suspect that they do not have my best interests in mind. What agents-real estate attorneys, must I consult? Monty’s Answer: My interpretation of your question is that you want help […]
September 11, 2018 -
I bought my home at the top of the market. Our home prices are starting to come back. Can I sell for a profit?
Reader Question: Before the banks caused the 2008 meltdown, I purchased my home for $475K. Homes directly around me have recently sold for anywhere between $215K-$360K. Prices are finally rebounding here, and I have the most beautiful home in the area. Can I expect to make any money by putting my home for sale or […]
September 2, 2018 -
Can you discuss the statement, "Agency is not the issue in real estate. The real question is competency and honesty."
today’s reliance on agency over caveat emptor does not appear to have had much of an effect. It feels like industry leaders are painting the ceiling when the roof leaks.
August 28, 2018 -
What are the ten flashpoints in the listing and offer to purchase contracts?
The ten flashpoints in real estate contracts are contract subjects to make certain you understand.
August 20, 2018 -
Our agent wants our offer to contains a clause where we see another buyer's higher offer. Can our offer be shared with another buyer?
Reader Question: Our agent is suggesting that we write an offer on a home we like to include a contingency that we are willing to pay more for the house if another buyer makes an offer at the same time. They would word the contingency so the seller shares a better offer with us and […]
August 13, 2018 -
I am buying a home. They needed two appraisals and they are miles apart. What should I do?
Reader Question: I am purchasing a home. Lender appraisal (A) value came back $48,000 lower than the contract price. Sellers disagreed and argued it was a bad appraisal. I agreed to get a second opinion. Appraisal (B) came back $5,000 over contract price. The two appraisals are miles apart. I was shocked because I was […]
August 7, 2018 -
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 -
I'm thinking of investment real estate. Can you tell me how you would compare flip or hold real estate?
Reader Question: I am interested in starting a career as a real estate investor. Both remodeling to flip or hold homes for the long-term interest me. I do not have any construction experience, nor have I any actual real estate experience. I am quick to pick up on training, and I’m people orientated so I […]
July 23, 2018 -
How do we sort out selling a home we inherited 40 years ago?
Reader Question: My wife and her three siblings inherited the family home when their mother died. My wife was 20 years old at that time, the eldest, and invested 10k in keeping the house. It is now 39 years later, and the siblings want their share. My wife is the only one who has […]
July 16, 2018 -
We have owned a lot for several years. We are ready to buy a new home but should we build on the lot or buy an existing new home?
Reader Question: We bought a lot several years ago to build a home, and we are now ready to go forward. I have gathered some general information, but I’d like to have more of a general idea before we decide between buy new existing home or build from scratch? . Where can I find information […]
July 8, 2018 -
Should I sell my real estate in a package or as individual properties?
Reader Question: I have packaged a duplex and three single-family homes together and listed them for sale as a packaged real estate investment. These are C+ to B- cash flow homes in the midwest which are attractive to out of state investors. All currently have tenants in them with rental history available and are priced […]
July 2, 2018 -
Is a home warranty a waste of money or a good idea?
Reader Question: We are buying a home, and the agent suggested a home warranty to replace or repair things that wear out. The warranty covers such items for a year, after which time we can renew the contract or let it lapse. The cost of the coverage is over four hundred dollars. We have asked […]
June 24, 2018 -
My friend is a real estate broker who wants to handle my real estate transactions. Buying two hours away and selling four states away. Help!
Reader Question: I have a friend who is a real estate broker. She wants to be my agent for a home I currently own and the home I buy when I relocate. She has another job and appears overwhelmed. She lives two hours from where I am buying, and the house I am selling is […]
June 18, 2018 -
The home I want has a standing water problem. I have signed a contract. What are my options?
Reader Question: The house I am buying has a sump pump because of a standing water problem. I have looked at the home three times and each time I saw standing water in the next door neighbor’s yard. They had dug a long trench which runs along the side of their house facing my […]
June 10, 2018