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Can We Get Back Our Deposit?

Question: We purchased a parcel of land on Friday. Two days later we decided to cancel the transaction. (buyers’ remorse). Can we get our deposit back? Answer: Maybe. You need to ask several questions....

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Must Owners Accept Full-Price Offers?

No. A real estate transaction is complex and involves far more than the purchase price. For instance, you bid full price but perhaps someone bid more. Or, you bid full price but require the sellers to...

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The Case For Flexible Real Estate Commissions

It’s been a very interesting few weeks in the Miller household, a time when one investment property was sold and another acquired — in both cases with the help of local residential brokers. Going...

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Do We Have To Disclose Past Mold Problems?

Question: A new home has had complete demolition of all walls because of mold. What type of disclosure is suggested? What type of an inspection? What does this do to the property value? I am a...

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Can We See Another Buyer’s Offer For A House?

Question: We made an offer on a home. The broker representing the sellers said a higher offer had been received and asked if we wanted to raise our bid. We declined, but here’s the question: How do we...

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How To Pick On Appraisers

Many in the real estate community are upset with the newly implemented Home Valuation Code of Conduct (HVCC) and want it suspended or revoked so we can go back to the good-old-says when it was okay to...

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Compare “For Sale,”“Sold”&“Under Contract” Signs

In our area real estate signs say For Sale, Sold and Under Contract. These signs are a shorthand way to explain the contract status of the property — information which may suggest that the property is...

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Are Broker Warranty Kickbacks Okay?

For some time there has been a nifty little side business in real estate: Your friendly broker offers a homeowner warranty program to reduce buyer worries about possible repairs. Such warranties may or...

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