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There are two sides of every real estate transaction, buying and selling. Learn both.

What exactly is “Real Estate”? In legal terms, real estate is an “immovable object”. Real estate is defined by a legal description that identifies its space and place in the geography. The Registered Land Surveyor is a person with specialized knowledge on measuring and documenting land parcels according to the law. As the United States has grown, most every parcel of the land was surveyed and spatially identified before becoming legally approved for ownership under the law. The land records are open and available for all to see.

Everyone who has bought or sold a home can remember that one moment when it seemed like there was too much to consider, worry about, remember, and respond to. It’s true that the purchasing of a home is a significant investment and you probably should give it time and attention. Equally as important for those looking to sell your home, you want to everything within your educated power to get the most fair value out of what is probably your largest asset. To help make the process more reasonable, DearMonty organizes both the home buying and home selling experience into twelve distinct steps, or stages.

 

 

The best thing that you can do is to equip yourself with knowledge and information. A home sale transaction is a big deal! This website is intended to be a straightforward resource to help shine some light on one of the most important times in many people’s lives. But we are just one voice of many and we at DearMonty.com strongly support learning as much as you. Good luck and let us know if you have a question you couldn’t find answered LINK or if we can help you find a local agent LINK

BUYING
SELLING

Q & A Posts

  1. The five-year rule risk for first time homebuyers

    Monty’s Answer: I’m sorry to hear this story, and I will publish your account. The five-year rule in real estate states that first-time homebuyers should generally live in a home for at least five years before selling the property. If they sell earlier, they risk losing all or part of their initial down payment. Your story […]

  2. An agent wants to show my FSBO home. Should I do this?

    Dear Monty: My house is for-sale-by-owner. I want to avoid the commission. I got a call from an agent who wants to show the house but wants to know if I will pay the buyer’s commission. For all I know, the customer may be someone I have already shown the place to. I have had […]

  3. Why do we need a real estate agent?

       Dear Monty: We recently closed on our new home. We were pre-approved, and we shopped online for many hours using real estate websites and other websites to learn more about neighborhoods around homes that interested us. We used municipal websites, crime maps, and Google Earth as examples of helpful resources. After two months of searching, […]

  4. What can I do to feel safe in my home?

    Dear Monty: I recently listed my home for sale. There have been several showings. Yesterday I had a showing that made me worry about safety. A couple came through with their agent. I thought it was unusual the way they looked at the house. While the agent asked me questions, they took it upon themselves […]

  5. Is it wise to waive a home inspection?

    Dear Monty: Is it wise to waive a home inspection? We recently bought a home, and we agreed to waive a home inspection. There were multiple offers on the house. Our agent suggested a competitive advantage by waiving the home inspection. Yesterday, a heating contractor told us we should replace the twenty-year-old furnace. Since moving […]

  6. Monty, do you think technology will replace real estate agents?

    A debate rages today in real estate’s inner circles. Agents are wondering if they can withstand the competitive pressures to take market share away from them. Will they be able to make a living with all the for-sale-by-owners and cut-rate companies. Will the industry survive? This writer opins that the answer is no, and the transition began years ago.

  7. Does for-sale-by-owner (FSBO) work?

      Dear Monty: Does for-sale-by-owner (FSBO) work? I recently read an article that lambasted homeowners for even thinking about selling on their own. We recently sold our home without an agent. The article did not depict how the marketplace works today, based on my recent experience. I saw it as a hit-piece written by a […]

  8. Is the offer to purchase binding?

    The most powerful document Without question the offer to purchase is the most powerful document you will be asked to sign in a real estate transaction. In many respects, the physical closing at the title company is simply a confirmation of what happened days, weeks or months earlier. This point in time can be stressful […]