Quantcast

Archive for March, 2009

How Come My Broker Wants Me To Leave My Open House?

How Come My Broker Wants Me To Leave My Open House?

Question: My real estate broker wants to hold an open house — and wants me to leave! What’s up with this? Who knows more about the house than the owners? Answer: There’s little doubt that owners are the world’s leading authority on the in and outs of their homes. But the real question ought to […]

Posted in: Sellers
How Much Will Home Values Increase In The Future?

How Much Will Home Values Increase In The Future?

Question: What is a reasonable rate of future appreciation? Answer: No one knows or can know. No less important, rising values are not guaranteed. You may find that appreciation in a given community has grown at an average rate over a period of many years. However, such history does not tell us what will happen […]

Posted in: Investing
Can We See Another Buyer’s Offer For A House?

Can We See Another Buyer’s Offer For A House?

Question: We made an offer on a home. The broker representing the sellers said a higher offer had been received and asked if we wanted to raise our bid. We declined, but here’s the question: How do we know there was another bid or that it was higher? Answer: One of the most difficult issues […]

Posted in: Contracts
Mortgages, Foreclosures & The Disgrace of Journalism

Mortgages, Foreclosures & The Disgrace of Journalism

It was long ago when I received a degree in journalism. I wanted to study journalism because it gave me an opportunity to travel and to meet interesting people. I have been a correspondent on Capitol Hill and at the White House, I have lived on an offshore drilling rig in pursuit of a story, […]

Posted in: News
2009 Real Estate, Mortgages & Taxes

2009 Real Estate, Mortgages & Taxes

Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th. But for those with real estate the load is made lighter by tax […]

Posted in: News
Must A Home Seller Accept Our Full-Price Offer?

Must A Home Seller Accept Our Full-Price Offer?

Question: We made an offer — which was at the asking price — and owner thinks he now can get more and refuses to take our offer. Can he raise the price or does he have to accept? Answer: He does not have to accept — just think of all the homes in hot markets […]

Posted in: Sellers
Can You Refinance Your Loan Under The Obama Mortgage Relief Plan?

Can You Refinance Your Loan Under The Obama Mortgage Relief Plan?

The 2009 Obama foreclosure relief plan has two parts, first there is modification help for those who face foreclosure and, second, there is also a refinancing program for those with loans which are no longer affordable. Under the details of the plan we can see how the refinancing program works, who qualifies and who does […]

Posted in: Foreclosures
Facing Foreclosure? How The Obama Plan Can Help

Facing Foreclosure? How The Obama Plan Can Help

It was in February that the Obama Administration first announced it would create a mortgage relief program for millions of distressed borrowers. The details of the plan are now out, so it’s possible to see who can be helped — and who can’t. To start, we’re talking about help from Fannie Mae and Freddie Mac. […]

Posted in: Mortgages
Do We Have To Disclose Past Mold Problems?

Do We Have To Disclose Past Mold Problems?

Question: A new home has had complete demolition of all walls because of mold. What type of disclosure is suggested? What type of an inspection? What does this do to the property value? I am a prospective buyer of a new home that got very moldy throughout construction. Answer: Mold is a relatively new concern […]

Posted in: Contracts
How To Write Your First Cover Letter (With Sample)

How To Write Your First Cover Letter (With Sample)

A resume without a cover letter is like a plane without wings, it just won’t fly. If you have not previously been in the civilian workforce, if you are just finishing school or military service, then you will need to develop both a resume and a first cover letter. Why You Need A Cover Letter […]

Posted in: Jobs