Q&A ARTICLES

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Q & A Posts

  1. We have an offer for a million dollars over appraisal. What should we include in a counter-offer?

    Reader Question: We have an offer for a million dollars over appraisal for our building and parking lot from a developer. They offered 2.2 million dollars with a one-year requirement for us to vacate. We have a separate independent appraisal valuing the two parcels at about $1.2 million. The plan is to demolish the building and […]

    March 18, 2019
  2. Should we own a home, or not?

    Reader Question: Should we own a home, or not? We have been married for six years. We have rented till now and have saved enough for a twenty-percent down payment with a tidy reserve. A variety of concerns make us wonder if we should buy a home. The economy appears to be doing well, but underfunded […]

    March 10, 2019
  3. What is a housing cooperative?

    Readers Question: What is a housing cooperative? Monty’s Answer: When researching for a housing cooperative here are five tips. A housing cooperative is a form of ownership that creates an interest in an abode through stock ownership in a company, as opposed to a deed to a parcel of real estate. It could also be […]

    March 4, 2019
  4. Are there country-wide real estate agents?

    Reader Question: My wife and I are getting closer to retirement, and we can go anywhere we want in the USA. We want to find the right lake or mountain home. I am looking for a single agent/source to help us find what we want anywhere in the USA. I am discovering that real estate […]

    February 22, 2019
  5. Who invests in commercial real estate in the US?

    Reader Question: I am researching commercial real estate. Who invests in commercial real estate in the US? Monty’s Answer: The definition of commercial real estate is buildings owned by an investor or investors to generate income from rent. According to the National Association of Real Estate Investment Trusts (NAREIT), the total size of the commercial […]

    February 17, 2019
  6. My Partners Won't Buy My Share. What Can I Do?

    Reader Question: I inherited a large commercial rental property along with my three siblings. I would like it to be sold, even at a much lower price, and they do not. Is there any way for me to get out of this partnership and receive money, according to what my share is worth now? Monty’s […]

    February 4, 2019
  7. We are dealing with a municipality issue. We have a big problem with a new fire code. Do you have any advice for us?

    Reader Question: We are dealing with a municipality issue. We have a big problem with a new fire code dictating new elevations and width measurements of the easement road which currently services eight homes. Our real estate agent discovered it answering a prospect’s question about fire codes. We requested a variance in this provision in a […]

    January 16, 2019
  8. Are real estate appraisals flawed?

      Reader Question: ​Why do​ appraisals use comparative analysis as a means for valuing a home? This approach is flawed as most of the time they do not take into consideration the upgrades one has made in their home, plus the layout of the yard and landscaping that enhances one’s home. Why don’t they use […]

    December 10, 2018