“Is it a problem if you buy a home with a kitchen and bathrooms that were remodeled without a permit?”
***ANSWER:
In my experience, most kitchen and bath remodels do not have permits.
Be sure to have your home inspector check them out to be sure they’re done correctly, especially the electrical, plumbing, and gas.
Info On Buying […]
“Hi Gary. We just talked with a mortgage broker and got mortgage loan approval. Buy my wife mentioned that you’ve said some loan approvals aren’t really approvals. What did you mean?”
***ANSWER:
When is a loan approval not a loan approval? Sadly, the answer is: most of the time.
I recently got an “approval” letter stating the person […]
“I’d like to find out the value of my home. But you can’t really use comps to determine the value. When can you come over?”
***ANSWER:
Uh oh. That’s short-hand for:
“Scrap the accepted, time-tested way of evaluating homes because that won’t support the crazy price I want. Instead, get out the Ouija Board, tarot cards, and […]
“Hi Gary. I’d like to trade down from my house to a nice condo in the beach. If you find someone who’d like to trade, that would be great…”
***ANSWER:
I’d love to help you but…
The odds of you liking a specific condo AND that owner liking your specific home AND them being willing to pay your […]
“I’m interested in buying foreclosures in bulk from banks. Can you give me help getting in touch with some of the asset managers you work with?”
***ANSWER:
You’re one of many people who’ve contacted me about this. Most are how-to-get-rich-quick-in-real-estate seminar attendees and/or in way over their head.
I may be wrong, but I assume you want […]