Archive for June, 2007

Sellers vs. Buyers

Thursday, June 28th, 2007

“When I sell my home, I plan to sell it As Is. It’s not my job to make repairs for some buyer. If they don’t want to buy my place, that’s tough. I’ll just sell it to someone else.”
***ANSWER:
Whoah. Simmer down now. Take a breath…and let it out. That’s better.
Now, to my answer (though [...]

Is It Time To Buy?

Saturday, June 23rd, 2007

“Hi Gary. My wife and I want to buy a home here in San Diego. We’ve been sitting on the sidelines, watching the market, watching what prices do. We’re really seeing much cheaper prices on homes lately. Do you think the timing is right to buy a home now?”
***ANSWER:
Excellent question, and probably the most common [...]

Sub Prime Lender

Monday, June 18th, 2007

“My name is XXX and I’m a roommate of XXXX. I emailed a lender asking his opinion on the sub prime lender collapse going on right now and if it will effect loans in about 3-6 months. He said:
There is no sub prime lender collapse, just major changes to how they do business. Lenders who [...]

Money Made From Remodeling

Friday, June 15th, 2007

“Hi Gary. I recently read that when you sell your home, you only recoup 79.4% of the cost of a kitchen remodel. But my kitchen was really busted up and I’ve got to think I’ll get more than that back. What do you think?”
***ANSWER:
You’ve hit the nail on the head with one of the big [...]

The Seller Should Fix It

Tuesday, June 12th, 2007

“I was in escrow buying a home in January and had the home inspected. The inspector found several items that he told me the seller should fix. But the seller refused to fix them all, including a broken pool heater and replacing the roof, which was old but didn’t leak. I wasn’t too happy when [...]


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