“What do you think of buying at a real estate auction?”
***ANSWER:
There are different kinds of real estate auctions, including foreclosure sale auctions, probate “auctions” (called overbids), and auctions put on by private auction firms.
We’re actually involved in one of the latter that’s happening tomorrow.
Here are six things you should know in general about auctions:
#1: [...]
“Last year I had a plumbing leak that led to mold in my laundry room. A mold remediation company handled everything and the mold test came out 100% clear. Do I still need to disclose it when I sell my home?”
***ANSWER:
Definitely.
The law says you must disclose anything that could “materially affect the value or [...]
“Hi Gary. I talked to a lender and they said I’m qualified to buy, but I need help with costs. How do I put in the contract that seller pays all my escrow costs?”
***ANSWER:
First, let’s get the words right. You want help with CLOSING costs, not just escrow costs.
In April, I represented a homeseller and [...]
“I’m a real estate investor and I’d like to start buying short sales. How do you suggest I start?”
***ANSWER:
I don’t.
Quick background:
A short sale is when a home’s loan balance is too high to allow a sale, so the bank agrees (after much negotiation and a 45-90 day process) to take less than what’s owed and [...]
“I’m going to sell my house this summer. I know how important it is to price your home right. So I plan to get 3 agents’ price opinions and then hire the agent in the middle? Is this a good idea?”
***ANSWER:
It’s terrible. And dangerous.
2 reasons…
Reason #1: Whether it’s a high price or a low price [...]
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