| Subject | Date Asked |
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| Selling co-owned vacation home | 8/21/2008 |
Q: My wife and I co-own a vacation home with my sister and brother in law in Hawaii. We just rented ...
A: First of all, I don't sell real estate in Hawaii, and there are a lot of issues here that may be ...
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| Buying under contract | 8/12/2008 |
Q: Recently we put in an offer on the home of our dreams, but hit a dead end when the seller told us ...
A: Franklin- What you are attempting to do has several issues associated with it that I will try to ...
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| assigning REO | 8/10/2008 |
Q: I work with a group of investor/partners. They are looking for deals but don't have the time to find ...
A: If I read your issue correctly, the bulk of your question is around making changes to a bank ...
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| Buying a house in SD | 7/9/2008 |
Q: I am working in SD and my wife is in school in another state. We plan to buy a house at where I am. ...
A: It's really depends on who's offering the lower rate and what the rules are. In most areas, you ...
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| Do I need a license? | 6/24/2008 |
Q: If a homeowner gives me Power of Attorney to sell his property, do I still need a Real Estate ...
A: This is an excellent question. You haven't told me what state your in, but according to MA laws, I ...
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| Home Sale and Land | 6/11/2008 |
Q: Does the land around a house convey when the home is sold? End Unit Townhouse in Washington, DC
A: Russell: In specific real estate language, your question is hard to get a handle on. "Does the ...
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| Sell Back New Construction | 5/27/2008 |
Q: I recently moved into a new construction home where the specs where picked out by someone previous. ...
A: You say that you "moved in" but you don't mention purchase. I'll assume that you did purchase the ...
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| Getting My Money Back From An Option To Buy | 5/21/2008 |
Q: Last year I made a business in Orlando Florida. I rented a house with the option to buy. I gave a ...
A: Congratulations, you are one of the few folks that consulted an attorney before purchase. A wise ...
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| property Ownership | 4/17/2008 |
Q: In Massachusetts, Can more than the mortgagee be listed on the deed for ownership? RE; If I ...
A: There are many legal situations here that you need to consult an attorney for. But my layman's ...
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| property value | 4/10/2008 |
Q: what happens to the value of existing homes/real estate in a particular area when developers come in ...
A: Your property value will fluctuate depending on the status of the project, and the project itself. ...
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| Back Bay Condo Residential Exemption | 3/23/2008 |
Q: Our daughter is a student in Boston and will be there several more years, possibly longer. We have ...
A: Most towns in MA have single-tax rates. Boston, with up to 25% of the population being students, ...
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| selling land I still owe on. | 3/19/2008 |
Q: We have 120 acres in MN that we bought contract for deed. I am wanting to sell it and we still owe ...
A: I'm not licensed in MN, but I'm sure it works pretty much the same way. You can not sell land ...
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| Buying a HUD Condo | 3/19/2008 |
Q: I have recently looked at a condo that is a HUD home in Massachusetts and I was wondering what the ...
A: Drew: In real estate, good deals = risk. It's very simple. Here's more information about HUD. ...
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| Buying a HUD Condo | 3/18/2008 |
Q: I have recently looked at a condo that is a HUD home in Massachusetts and I was wondering what the ...
A: Drew: HUD properties are foreclosure properties that carry significant risk. Typically, there is ...
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| condo - townhouse | 3/5/2008 |
Q: We put in a bid on a fore-closed townhouse and the bank accepted our offer today. Our lawyer ...
A: Typically, a townhouse is a style of condo. Everyone's lingo is a little different, but here are ...
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| Investing in multifamilies | 2/25/2008 |
Q: My husband and I own a three-unit house. We live in one of the units and do all the work ourselves. ...
A: I can't answer your question specifically; there are too many variables. But here is how you would ...
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| Vacant Land Sale | 2/7/2008 |
Q: Currently own vacant land (over 10yrs) which my husband & I were going to build a house on. Now ...
A: Pamela: This is a tax question, not really a real estate question. There are many ways to shelter ...
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| First time investing | 2/7/2008 |
Q: My name is Chris and I recently posted on here a few weeks ago looking for some help with some ...
A: Chris: 1) Get a buyer agent. I don't know about Texas, but buyer agency is basically free in MA. ...
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| Question on Home Purchase | 1/2/2008 |
Q: I purchased a house on October 25th in Norton, MA. My realtor had a baby 1 day prior to the ...
A: I recognize that this is a difficult time for you. Moving is stressful enough without these ...
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| inspection report/house problem | 12/18/2007 |
Q: Prior to my recent divorce, my former husband and I purchased a home (April 2007). We were ...
A: It is the responsibility of the purchaser to make sure the home is in satisfactory condition. The ...
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| Using Realtors to Buy Fix and Flip Properties | 10/18/2007 |
Q: I'm considering purchasing a fix and flip property in Colorado and would like your thoughts on using ...
A: Sanford: I get many similar questions, and my advice is usually the same. I saw about 300 houses ...
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| Capital Gains Tax - Investment Property | 10/12/2007 |
Q: I have a two part question. 1) Would we need to pay any capital gains tax when we sell our 2ed home ...
A: 1) Everyone's tax situation is different, and therefore I can't answer your tax gains question. It ...
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| Salisbury MA bank owned property | 10/6/2007 |
Q: We were very interested in a multi unit property about 55 steps from the beach. It has 3 units. We ...
A: The answer is simple - get a knowledgeable Realtor who does investment property. They should be ...
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| Pay off Mom's Mortgage so she can stay in house | 10/2/2007 |
Q: My mom is in a bit of a financial pickle--she is 68 years old burdened with a 30 year mortgage that ...
A: Here are some thoughts for you to consider. Please remember that while I am familiar with real ...
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| Substitute trustee for signing? | 9/30/2007 |
Q: I read about experience and it seems you may be able to know the answer to this question. My ...
A: Maria: This is really a legal question, and not a real estate one. I have seen many, many ...
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| Verbal Offer to Purchase | 9/17/2007 |
Q: My single family home is listed for sale. My broker indicates there is an interested party and they ...
A: A verbal offer isn't binding, isn't enforceable, and most of the time leaves out important ...
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| selling my home to family members | 9/9/2007 |
Q: We own a vacation home in Newport RI and were originally planning on selling it by putting it on the ...
A: There are many ways to solve this problem. I think coming up with a fair price on the house is the ...
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| problems after purchasing condo | 9/6/2007 |
Q: I hope you can help. I purchased a condo in Boston June 2007. It was converted to a condo in 2006 ...
A: 1) Anytime I sell new construction (which is what this is) I usually make sure that I get a ...
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| home cotract cancelation | 8/30/2007 |
Q: HAVE A QUESTION , I HAVE A SINGLE FAMILY HOME CONTRACT ON MY HAND AND EVERY THING HAS BEEN DONE AND ...
A: Sean: Your description isn't entirely clear, but I'll answer based on what I think you're asking. ...
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| Seller fail to close | 8/28/2007 |
Q: I am buying a property in Quincy MA. The closing date is this coming Thursday 8/30. I just find ...
A: Assuming that there is no specific contingency in the P & S that covers this scenario: A) The seller ...
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| Investment Property | 8/15/2007 |
Q: I currently owe $120,000 and pay mortgage on a $140,000 home and have been given an opportunity to ...
A: Yes, I figured his goal was reduce his exposure, but if he's cutting it that close, you need to ...
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| Investment Property | 8/15/2007 |
Q: I currently owe $120,000 and pay mortgage on a $140,000 home and have been given an opportunity to ...
A: I advise all my investor clients that the biggest item to consider for investment property is cash ...
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| Real Estate business | 8/2/2007 |
Q: I am a writer and one of the characters in my newest opus is a workaholic Realtor who is involved in ...
A: "I'll be going t6 the Chamber this morning for the breakfast "This afternoon I have to get the Radon ...
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| Selling home | 8/1/2007 |
Q: I want to sell a home I own, with the only lean being a home equity lone of $11,000. I have a offer ...
A: If your satisfied that you're getting a fair price, you should contact a real estate attorney to ...
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| real estate | 7/30/2007 |
Q: i bought a condominium 3 months ago and everything is fine. i put 20% down to avoid mortgage ...
A: If you're planning on losing $500 a month, it doesn't seem like that is something I would do. ...
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| real estate | 7/30/2007 |
Q: i bought a condominium 3 months ago and everything is fine. i put 20% down to avoid mortgage ...
A: You need to decide what type of cash flow and asset appreciation you are expecting. There is no one ...
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| Buy without Agent | 7/20/2007 |
Q: I was informed of Salebyowner.com I found it impressive. I just wanted to know how I could buy a ...
A: I don't have a lot of time to research price inequalities of FSBO's, so I haven't been to many ...
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| Buy without Agent | 7/20/2007 |
Q: I was informed of Salebyowner.com I found it impressive. I just wanted to know how I could buy a ...
A: First, as real estate agent, you should recognize that my answer is biased. But I think I can back ...
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| home inspection | 7/2/2007 |
Q: We are selling our 8 year old home and have the inspection tomorrow. As far as we know there are not ...
A: Well you didn't mention your area, but I'll assume your local - it makes little difference anyway. ...
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| Offer for our house | 6/25/2007 |
Q: Well, we finally have people looking at our home - a lot too. We priced it at $269,000 which I ...
A: 1) Counteroffering: I'm not completely sure of your situation because your math doesn't work. ...
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