Q&A ARTICLES

BUYING
SELLING

Q & A Posts

  1. Is a full-time house sitter a good idea?

    Reader Question: We have a chance to take a six-month trip to Australia. We have always cared for our home ourselves. We have several pets, yard work, maintenance items and other responsibilities. Is a full-time house sitter a good idea? Monty’s Answer: The internet has allowed the advance of this business model which has fueled […]

    September 25, 2017
  2. Can the seller reduce the listed price below an accepted offer when the buyer counter-offered on the inspection contingency?

    Reader Question: We have a failed negotiation. A buyer has an accepted offer on a home, and a home inspection has revealed several items that are defects. The buyer’s attorney delivered a letter to the seller’s attorney stating that all work discovered in the inspection has to be completed by the seller. The seller has not […]

    September 19, 2017
  3. How to pick the best real estate agent from three finalists?

    Reader Question: We want to pick the best real estate agent from three finalists. Each agent chose three different comparables, and there is a thirty percent difference between the best price and lowest price when including all nine comparables. This difference equates to over $60,000. How do we know which estimate is the most accurate comparison […]

    September 5, 2017
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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