Navigate

Ask Monty A Question

Buy Monty’s Book

Home Buying

Home Selling

Home Owning

Month: October 2013

  • Who should own rental property?

    Reader Question: A real estate agent did not screen a tenant for rental and collected 6% of one years rent payments. The tenant only paid one month and a partial security deposit. Is the real estate agent entitled to keep the 6% that was pre-paid to her for the whole year? This agent said she…

  • Mortgage loan approvals can be confusing

    Reader Question: We sold a home in August. We received a pre-approval letter from the buyer’s lender in September. With the buyers pre-approval, we purchased a home and put a $5,000 deposit down. The “old” home sale did not close as agreed because the lender dragged their feet investigating their financial standing. The “new” home…

  • Dealing with “condition issues” when selling your home

    Reader Question: My garage floods due to driveway runoff during heavy rains. I am getting ready to put the house on the market as I am relocating to a different state. Do I need to disclose this as a drainage issue on my seller’s disclosure? Thanks. Brad W. Monty’s Answer: Hello Brad, and thanks for…

  • Considerations in remodeling an old farm house

    Readers Question: Hello Monty, I am interested in an eight acre farmette. The owner asked us to make an offer on it. They know that it will be worth more someday when they split it into three or four parcels, but right now, they will only sell the entire parcel. The house is in rough…

  • A smart way to pick a neighborhood

    Reader Question: Hi, We are ready to begin searching for a first home. We live north of a city with over 4 million people. My husband has a long commute to a close neighboring city. We cannot decide if we should move close to his job, stay where we are (what we are familiar with…