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Month: August 2013

  • Home inspections go wrong in more ways than one

    Reader Question: If a counter offer agreeing to the low purchase price, but also designating the property purchase is ‘AS IS’ has been signed and accepted by the buyer, why does the seller have to sign as declining to fix 3 small items on the inspection report? BJ T. Monty’s Answer: Hello BJ, and thanks for the…

  • How to determine which items to leave when selling a home

    Reader Question: I am selling my deceased parents home. Should I dispose of items such as the refrigerator, chest freezer and professionally installed gas heating stove before showing the home? Is it better if they would be included in the sale? Mike T. Monty’s Answer: Hello Mike, and thanks for your question. The information provided is not…

  • Overcoming a real estate inspection defect

    Reader Question: Monty, I recently had a home inspection, and it is noted that my potential property had a crack in the brick due to beam shifting. If the seller does not want to repair the items because he has backup offers, what can I use as negotiating power? Thanks. Josh D. Monty’s Answer: Hello Josh, and…

  • The best place to make a real estate investment

    Reader Question: Hello Monty. I would like to know the investment advantages and disadvantages noted between the homes located in recreational areas of the ocean beaches of Maryland vs. Virginia. As an example; homes located in Ocean City, Maryland vs. Virginia Beach, Virginia. I am looking for long-term advantages, resale, rental streams, noted replacement or new…