Category: Home Selling
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Unsold home frustrating – should we give up?
Reader Question: We want to sell our house to move closer to our families. Our home was listed two months ago. We interviewed multiple agents, and all agreed the house would sell fast because of the price range and the excellent neighborhood. We set the price toward the low end to sell quickly. Several people…
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Are there any disadvantages to selling a home and renting?
Reader Question: I just turned 60 and own my two-bedroom, two-bathroom, two-car garage condo outright, and it’s worth about $140,000. Condos in my area sell fast. Many people think it’s a waste of money to rent when you can build equity in your house, especially if it’s paid for. I guess it depends on…
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Six questions to ask yourself when changing houses
Reader Question: We are in the process of changing houses. Our home is currently on the market, and we are actively looking. It has only been two weeks, and we have had three showings, but no offers yet. Our agent seems to think that we are going to have a hard time getting an offer accepted…
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Listing agent fumbles – can I cancel the contract?
seller picked a poor agent and is seeking advice on how to cancel the listing agreement.
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Tips for dealing with real estate developers
Reader Question: My property on the east coast has been re-zoned to high density. I have received many solicitations from real estate developers. I suspect that they do not have my best interests in mind. What agents-real estate attorneys, must I consult? Monty’s Answer: My interpretation of your question is that you want help…
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Has the real estate market fully recovered?
Reader Question: Before the banks caused the 2008 meltdown, I purchased my home for $475K. Homes directly around me have recently sold for anywhere between $215K-$360K. Prices are finally rebounding here, and I have the most beautiful home in the area. Can I expect to make any money by putting my home for sale or…
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Selling packaged real estate investment vs. individual pricing
Reader Question: I have packaged a duplex and three single-family homes together and listed them for sale as a packaged real estate investment. These are C+ to B- cash flow homes in the midwest which are attractive to out of state investors. All currently have tenants in them with rental history available and are priced…
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Picking a real estate agent for the wrong reasons
Reader Question: I have a friend who is a real estate broker. She wants to be my agent for a home I currently own and the home I buy when I relocate. She has another job and appears overwhelmed. She lives two hours from where I am buying, and the house I am selling is…
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Inheritance creates multiple choice decision
Reader Question: My wife is selling a home she inherited. It has been shown multiple time with no results. The house needs updating, and it has a bowed basement wall. It was listed for $69,900 which was below the market value. We’ve had several offers, but they are flippers who have offered $20 – $25…
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Home seller left items behind at move-out
Reader Question: We recently moved into our first home. The contract called for the seller being out on a specific date with all of their possessions. We also contractually agreed to allow them to harvest some outdoor plants after they come up this spring. The seller left items behind at move-out and has not picked…
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Do listing tactics bring the best price?
Reader Question: We will be listing our home for sale soon. We received three estimates from agents on our home’s value, and they are all different. Also, each of the agents has different tactics about how the listed price is presented to get the best price. For example, one agent suggested we use “market…