Q&A ARTICLES

BUYING
SELLING

Q & A Posts

  1. Our friends just had their loan canceled by the lender. They are crushed. How can a lender cancel a loan they already approved?

    Reader Question: Our friends are homebuyers devastated. Their lender pulled the plug just before closing. We are in the process of closing on our first home purchase. We are excited but at the same time very edgy. Our friends were a week ahead of us on their home purchase. They didn’t offer details, but how […]

    May 24, 2021
  2. We are a four-person group looking at buying an Airbnb. What is your opinion about Airbnb projects as an investment?     

    Reader Question: We are a four-person group wanting your opinion on topics to consider when buying an Airbnb investment. We have invested in other commercial property types, but this would be our first bed and breakfast. The six units generate an eight-percent cap rate. 2019 was the first year in service. There are numerous significant […]

    May 13, 2021
  3. You have written numerous articles over time about different problems with home inspections. What is your current opinion of home inspections? 

      Reader Question: You have written numerous articles over time about the problems with home inspections. We are near our savings goal and preparing to buy a home. What is your current opinion of home inspections?  Monty’s Answer: Home inspection laws came into existence because home sellers were unaware of the defects, hid, or made […]

    May 3, 2021
  4. Is America in a housing bubble?

      Reader Question: Is America in a housing bubble? We are attempting to downsize our lifestyle with a smaller home. In both instances we made an offer, someone outbid us. Our home is free and clear, so we are cash buyers. We don’t want to sell until we know we’ve got a place to go. […]

    April 5, 2021
  5. We have had little activity for over two months, and now we are expecting multiple offers on our for sale by owner home. Please help!

    Reader Question: We are selling our home on our own. We have had little activity for over two months, and now we are expecting multiple offers on our for sale by owner home. Please help! Monty’s Answer: When you are selling your home without a real estate agent, the possibility of two or more parties […]

    March 22, 2021
  6. Is a do-it-yourself major remodel a good idea?

    Reader Question: Is a do-it-yourself major remodel a good idea? We have outgrown our home as our children are growing up and need more room. We want to add about a twelve-hundred square foot addition and a full bath, plus update the kitchen and bathrooms with cabinets, plumber, and flooring. My husband worked construction in […]

    March 8, 2021
  7. Is 2021 a good time to sell our home?

    Reader Question: Is 2021 a good time to sell our home? We are in our late fifties. Our kids are grown and on their own. Our health is good, and we have no mortgage. We are thinking of downsizing into a smaller home in a newer subdivision not far from our current home. There are […]

    March 1, 2021
  8. The inspection contingency has a right-to-cure clause. We have two options to offer the seller but not sure which one to choose.

    Reader Question: We are making an offer on a home. The inspection contingency has a right-to-cure clause where we give the Seller the right-to-cure any defects found or deny the Seller the right to cure. We asked the agent for advice and were told, “It’s up to you.” How would you answer? Monty’s Answer:  If […]

    February 21, 2021