Perhaps you have a simple estate consisting of your home, a single-family residence, a rental home, three bank accounts and a three-year-old car. That would not be too complicated to handle among your three children, assuming they all get along and you have designated in your trust that each will receive one-third after taxes, if any, are paid...Read more
It's a known fact that divorce is one of the most stressful and unpleasant events that one may face in a lifetime. As if the emotional aspects are not enough, there could be children, pets, finances, division of assets and potential relocation, to mention a few, to deal with all at once.
As with any important business case, screening and ...Read more
An appraisal of your home is usually made by a neutral, independent professional to determine a fair market price of your home based on sales of similar properties within the past three months, or sometimes past six months if there are fewer sales in a very close geographic area. The appraiser uses adjustments for three sold properties and ...Read more
As a real estate professional with over 30 years of experience and as a top agent in the country, you would think I've got it down to a science. That might be possible if I were dealing with computers, robots or machines, but when dealing with people, memories, resentment, jealousy, anger, sadness, denial, control issues, power, regret and ...Read more
Refinancing is the first thought in many people's minds as they notice fixed mortgage rates dropping, but one often forgets to factor in loan origination fees and closing costs. If you were to spend $18,000 on closing costs and amortize that expense over only 36 months, for example, you would be paying an extra $500 per month on top of your ...Read more
When the market is hot and buyers are a dime a dozen, it may not be so important that sellers choose a master artist to put in front of the canvas when selling their home. But buyers need to feel confident about moving forward in a major real estate transaction, especially when they are investing their life savings and committing to a 30-year ...Read more
It's become almost an expectation that when entering a home or condo on the market, you will see the dining room table set with candlesticks, place mats and wine glasses; and the kitchen set with stylish canisters, dried pasta displayed in glass flasks and a colorful fruit basket. I'm being a bit facetious because, in fact, those are not at all ...Read more
Everybody has a dream of one day owning a perfectly built, brand-new home. Of course, I'd need to win the lottery for that to happen. However, in case there are some lucky people reading, here are some of my suggestions for buyers.
Hire a real estate agent who is not only knowledgeable about values and area locations but also one who has ...Read more
When looking for a home, you will need to decide where your priorities are, budget-wise. If you are purchasing a prebuilt home, be sure to have a knowledgeable consultant explain the quality of construction and where weakness might cause potential problems in the future. With new construction, you'll need to know what your priorities are: ...Read more
Everyone hopes for the perfect real estate transaction, one without a single problem from start to finish. Although a good Realtor should be able to mitigate most problems, things do come up. Selling a home can be a stressful experience. When you select a real estate agent, one of the most important things to anticipate is who will be the best...Read more
There are a lot of amateurs these days trying to get in the game. Flipping homes is the "dream" occupation because watching the reality TV programs on Bravo and HGTV make it look like the easiest way to make the big bucks with no downside. As a Realtor of many up-and-down markets, let me caution you: It's not as simple as it looks. There are ...Read more
Whether it's a $300,000 condo or a $4,000,000 home, stuff happens. If you're buying a piece of real estate, reserve a 10- to 20-day contingency period to do your due diligence, which includes a thorough physical inspection, termite inspection, sewer line inspection, chimney inspection and mold inspection. Even though the fees you will pay to ...Read more
Typically when people decide to sell their home, they either hire a professional to do the job for them or decide to sell it themselves, which can be a dangerous decision. Of course, the choice is up to you. There is another choice people face these days: whether to expose their home to the market and sell it on the market, or to sell it ...Read more