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There are two sides of every real estate transaction, buying and selling. Learn both.
Everyone who has bought or sold a home can remember that one moment when it seemed like there was too much to consider, worry about, remember, and respond to. It’s true that the purchasing of a home is a significant investment and you probably should give it time and attention. Equally as important for those looking to sell your home, you want to everything within your educated power to get the most fair value out of what is probably your largest asset. To help make the process more reasonable, DearMonty organizes both the home buying and home selling experience into twelve distinct steps, or stages.
The best thing that you can do is to equip yourself with knowledge and information. A home sale transaction is a big deal! This website is intended to be a straightforward resource to help shine some light on one of the most important times in many people’s lives. But we are just one voice of many and we at DearMonty.com strongly support learning as much as you. Good luck and let us know if you have a question you couldn’t find answered LINK or if we can help you find a local agent LINK
Reader Question: I have a condo unit facing an empty residential lot which has a stockade fence bolted on top of an eight-foot-high concrete wall. My second-floor unit is level with the top of the wall and all of the fence. I believe the terrible condition of the fence and the fact that my deck […]
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 […]
Reader Question: We are confused by our agent’s rent-up procedures. We rented our home to a couple who gave us a month-and-a-half for security. They also paid their real estate agent a months rent. Their agent split the month’s rent with our real estate agent. However, we didn’t get a months rent before our tenants […]
Reader Question: I would like to get a home ready to rent but I don’t know where to start. I am a novice investor. Structurally the house is sound, but it has been neglected and needs to be cleaned up! The kitchen and master bathroom needs updating, and an in-ground pool and fencing need to […]
Reader Question: I need negotiation advice. I own a duplex and occupy one of the units. I have accepted an offer from a buyer for the property. My tenant’s lease extends eight months past the date of closing. I have negotiated a rent back to stay in my unit until the end of my current tenant’s […]
Question: Should I as a Homeowner Allow Others to Use Property I own? I own a home that sits on about one-and-a-half acres that is very close to a high school. The back part of my plot is a twenty thousand square foot plot that was a fallow cornfield when we moved in. The agricultural […]
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 […]
Reader Question: We want to sell our house to move closer to our families. Our home was listed two months ago. We interviewed multiple agents, and all agreed the house would sell fast because of the price range and the excellent neighborhood. We set the price toward the low end to sell quickly. Several people […]
Reader Question: We have enjoyed our home for over five years. In addition to great neighbors, we like the neighborhood amenities, the convenience, and proximity to work. However, we need more room as our family has grown. We are well situated financially, but we do not want to have wasted capital when we sell […]
Reader Question: We are planning on buying a home soon. Many of our friends and co-workers have purchased homes in the past few years. Between stories we hear from them and the stories on real estate websites, home inspections are one of the most common trouble spots in the process. Are there certain circumstances where […]
Reader Question: Do you have a list of things that homeowners tend to forget in caring for their home where they could save money? Monty’s Answer: Your question inspired the production of a list based upon my experiences of owning a home. Full disclosure: You asked someone whose wife rolled her eyes when she caught […]
Reader Question: Is Our House A Lemon? We bought our home about six months ago. The house seemed perfect. It is very well-kept, and it came through the home inspection with flying colors. We have met some friendly neighbors, and we love living here. That said, we have experienced some expensive issues; the water heater […]
Reader Question: I just turned 60 and own my two-bedroom, two-bathroom, two-car garage condo outright, and it’s worth about $140,000. Condos in my area sell fast. Many people think it’s a waste of money to rent when you can build equity in your house, especially if it’s paid for. I guess it depends on […]
Reader Question: We bought a one-hundred plus year-old home. Tenants occupied it at the time of purchase, and we couldn’t move in for three months. It is our first house. It has a stone wall foundation and wooden beams supported by screw jacks. An addition has a concrete block foundation. The home inspection called for […]
Reader Question: I am considering investing in real estate. Can you explain how people avoid taxes just by owning property? Monty’s Answer: Real estate investors do not invest in real estate to avoid taxes. They invest in real estate to build wealth. Appreciation, income, and depreciation create wealth in real estate. Depreciation is also […]