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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
Our readers this week are wondering about sharing improvement information with a potential buyer for their home. It is common for buyers to research properties they become interested in, another twist created with the evolution of the internet. The prospect asking is a sign of keen interest. It could bode well for our readers.
Reader Question: We are looking to buy our first home. We have seen a house we like, but it needs renovation. The house has been neglected but has a solid structure. We have a down-payment and good credit. Twenty-percent down at our price point, but not enough cash to make the down payment and do […]
The seller now wants to back out of the contract. Can they force us to release them from the contract?
Reader Question: We are starting to explore buying our first home. We have attended several open houses and spoken to several real estate agents. One of the questions we have asked is who pays the real estate commission. It is a question to which we have received different answers. In discussion with family members and […]
Home seller’s agent advises seller the home is losing to new construction. Seller is asking how to win against new construction. The article has some excellent tips about how to win against new construction.
The seller canceled escrow when the house appraised low. Am I stuck with the appraisal fees? You are responsible for the appraisal cost. Try to look past this bump in the road. Appraisals disrupting sales are frequent.
Families are the main sources of oral real estate transactions. Mom stiffs son-in-law is not uncommon. Brothers, sisters, cousins, grandpa; no one is immune. The advice to “get it in writing” is as or more important in families.
Annexation is common as our country’s population grows. If you are moving to avoid the high taxes and city hall, check this article out first.
Buying a condominium unit is different than buying a single family home. It is a complicated process in comparison.
Reader Question: What are the pros and cons of owning a second home? My wife and I have the opportunity to purchase a second home. I’ve spoken with the homeowner, who is a friend of mine. He stated that he would like to get about $200,000 out of the sale. We are thinking of […]
Reader Question: I am a seller. My agent got me an offer that required a home inspection. When the investigation took place, they determined the electrical breaker box needed replacement. This discovery caused the buyer to back out. Now, can I sell my house without this upgrade and negotiate the price accordingly, or must […]
Reader Question: I am pursuing a business startup that compliments my family’s existing construction business. I have a little funding myself and some customers. I need to raise additional capital to grow and deliver the best service possible. My family business has shown interest in investing/loaning me some funds for developing this startup. […]
Reader Question: We bought our current home a year ago. We realize houses and their systems are always wearing out, but in this house, it feels like the repairs and replacements are inordinate. The latest example is electrical. The electrical panel box was new, but we have had several electrical issues. The home inspector said […]
Reader Question: How can I find the best mortgage loan? Monty’s Answer: I answered this question several years ago, but it bears repeating. Comparing the cost of mortgage loans is a challenge for most mortgage shoppers. Do this before you look for your home. The most helpful lender may also have the best pre-approval letter. […]
Reader Question: We tried to buy four homes in 2019. We missed on all of them. We live in one of the cities that always makes the news about multiple offers and a hot market. We were not happy with our agent, but it may just be a case of us looking for someone to […]