Steps To Follow To Get Your Home Sold

January 27, 2013 by  
Filed under Ready for Real Estate ?

TIP! The cause is the asking price. You need to be realistic about the price you are advertising your home for.

It’s vital that you have some knowledge when you sell real estate. There is a huge amount of information out there. Unfortunately, it takes an incredible amount of time to wade through it! Below, you will be able to read practical suggestions to aid you in your decisions.

TIP! Prune all your bushes and trees as a part of staging your house to sell. Taking care of the landscaping is one of the best ways for buyers to get a clear picture of the home.

Refresh the appearance of the bathroom if you’re going to sell your home. Add some lighting and new fixtures. Give the bathroom an inviting, relaxing feel. Make it look like a spa as much as possible. You want the buyer to picture themself relaxing in a nice, soothing bath.

Rusty faucets or leaky pipes will cause most buyers to run away. Ensure the home’s plumbing is in good condition so that possible buyers aren’t lost.

Plumbing Fixtures

TIP! You should not spray air fresheners or scented candles before prospective buyers come to see your home. The scent could be overwhelming to some potential buyers; some may even have allergies related to the scents.

Make sure all your faucets and plumbing fixtures look bright and shiny. People walking through homes for sale like to poke around, and that means some will turn the water off and on. If your plumbing fixtures appear old or seem worn, buyers will notice and be turned off from buying your home. Clean your fixtures to make your plumbing system look newer. If cleaning them does no good, then you may need to replace them completely.

TIP! If you can spark a bidding war between potential buyers, do it. Set a price just below what properties are sold for in your neighborhood to attract many buyers.

Clean the appliances and the counters. Sweep and mop the floors, and clean the bathroom. Make your children clean up their rooms. Hide your dirty laundry and do not have clothing on your floor. Potential buyers will be able to concentrate on the positive aspects of the house if they are not distracted by how messy it is.

TIP! If you plan to open your home for showing, you absolutely must take some time to tidy up and make a few adjustments here and there. At a minimum, apply fresh paint and perform a thorough cleaning, including the carpet.

Prior to listing your home for sale, you should put forth the time and effort to ensure that your front lawn appears neat and well-manicured. Identify anything that presents a potential eyesore and either fix it or get rid of it. Examples include: damaged fence posts, overgrown landscaping plants, unattractive garbage receptacles, dirty gutters and broken patio furniture.

TIP! When you make your home feel inviting, people instantly become that much more interested in it. You will definitely find that an increased number of people want to view your home.

Declutter your home to allow it to show itself. New buyers have to be able to imagine themselves there, and cleaning up not only makes that easier for them, but gives you less to pack later.

TIP! If you have dogs, consider keeping them outside to minimize odors indoors. Dogs are lovable creatures but they do cause an odor that you may gotten used to and don’t notice.

Applying a fresh coat of paint, among other small investments, may help you accelerate the sale of your property. Do a walk-through of the whole property looking for anything that is displeasing to the eye. Tidy up your counter tops by putting away any small appliances after each use. Having your toaster, electric can opener, or coffee maker readily accessible may be a convenience, but when these items are clogging up your counter top, they can give it a cramped and untidy appearance.

TIP! In many areas of the country, the seasons drive the housing market. Maximize your chances of making a sale by using appropriate seasonal decorations, such as fall accents for regions with an autumn buying season.

Before buying or selling property, people who are embarking on a real estate venture should give themselves the advantage of having established goals and limitations for their transaction. By agreeing to ideal locations, amenities, and prices, buyers may resist allowing themselves to be swayed through undue eagerness. When a seller knows exactly what sort of prices they’re willing to accept, they can prevent themselves from accepting a low offer when they’re desperate or worried about the property selling.

TIP! Even if people decide to sell their own place, they should still hire a professional real estate lawyer to help them with the paperwork and end sale. A lawyer who is a real estate specialist can prevent any bad problems or surprises from popping up while doing the closing and final paperwork.

When you have decided to sell your home, try adding a few energy efficient items to help entice buyers. Additions such as LED bulbs, outdoor solar lights, energy monitors, and Energy Star certified appliances can all appeal to buyers who would otherwise have to purchase such items themselves.

TIP! Lots of people are frustrating by the amount of small tasks that must be done, including maintaining the lawn, doing paint work, and having to do small repairs. Nevertheless, neglecting these undertakings can result in a huge load of work that must be dealt with prior to selling a home.

The information you have attained by reading this article should prove valuable. Identify the tidbits that are useful to you and use them to inform your sales. Taking some time to learn more about real estate is a good investment that will maximize your profits.

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The Best Advice On Selling A Home

November 8, 2012 by  
Filed under Ready for Real Estate ?

TIP! Do not overprice your property to give yourself more bargaining power. If you’re selling your home for a price that far exceeds those of similar homes for sale in your neighborhood, most potential buyers won’t take the time to look at it.

Selling a home can be a very stressful and complicated experience. Figuring out what price to set, dealing with inspections and endless fine print is really quite challenging to the novice. This advice can help you tackle those things and anything else confusing about this process.

TIP! Prior to showing a house, don’t light scented candles or spray any fragrances. You may offend the buyer, set off their allergies and even drive them to leave your home without seeing it in full! Failure to address even one of these problems could cost you the sale.

Take into consideration how your own life can become affected in the real estate selling process. For example, you may be subjected to endless inquiries, lost time and indecisive prospective buyers. Hiring a real estate agent could save you from this invasion on your privacy.

TIP! Even before you let a real estate agent see your home, you should give it a thorough cleaning. Try painting the walls, cleaning the carpet, and getting a cleaning service that can deep clean the entire house.

A well-cared for yard is more attractive to potential buyers than a yard that has been heavily landscaped. The next owners might decide to change the landscape completely and your hard work will become useless. Include just the mature trees and manicured bushes, and mow the yard neatly.

TIP! Whether you find yourself engaged in negotiation may depend on the conditions of the market around your home and its effects on your asking price. If you need to sell fast, be ready to accept any offer that is fair and put on your home.

Try to sell your first house before moving into your next one. Paying on two mortgages while your old house is on the market is a good way to go broke quickly. Make sure to allow yourself a significant window of time in order to showcase your house and locate the right buyer.

TIP! Many selling their homes shy away from listing their houses during the winter, but it is important for you to measure the possible benefits of selling during the spring against the possible downfalls of hanging onto your home throughout the winter. It is important to realize, you will continue to incur taxes on the property and other costs until it is sold.

Selling the property yourself is labor intensive and time-consuming. A lot of resources are available to sellers, but in most cases they have to sacrifice a part of their profit.

TIP! The bathroom is a great room to spruce up when the house goes up for sale. Add some lighting and new fixtures.

Poor plumbing fixtures will put off potential buyers quickly, making your home hard to sell. Check pipes, faucets and toilets to ensure that each is working properly and is updated.

TIP! Anyone who is preparing to list a property on the market should set clear and reasonable goals for themselves. Buyers, for example, should clearly identify in their minds the price they are willing to pay, where they want to buy, and the features they desire in their purchase.

If you are the caretaker of a dog, reduce the pet odors in your home by putting the dog outside whenever possible. Perhaps you are accustomed to your pet and cannot notice the odor anymore, but all dogs have an odor. It would also be a good idea to use some kind of carpet freshener regularly to remove as many odors as possible. Better still, get carpets and rugs shampooed before you allow viewings. A potential buyer will be more likely to be impressed by a home that smells clean and fresh.

TIP! Don’t scoff at suggestions your realtor makes. You might be told things that you prefer not to hear, like making certain renovations for your home to sell.

Do not be tempted to do a full remodel of the home, unless it is no longer viable in its existing state. A lot of real estate investors, especially those that don’t have much experience, tend to waste their money on a remodel that really isn’t worth it. You can maximize your profit by utilizing your existing interior as much as you possibly can.

TIP! Think about renovating your house before putting it on the market. This will increase the value of the house.

When selecting a real estate agent, pick one who does not price your home too low or too high. An agent that tells you that your home is of a higher value than it really is, is simply trying to obtain your listing. Whereas the lowest value may cost you a lot of money if the property value is too low and not realistic.

TIP! You need a Facebook or Twitter page set up for your properties and the real estate agency itself. Give followers on both networks some value by giving them home-ownership tips and by sharing information on new listings in your operating area.

Windows that are clean and smudge-free can create a feeling of openness and freshness. Clean windows allows natural light to fill the home. The benefits will be obvious if you take the time to invest in vigorously cleaning your windows.

TIP! When you have decided to sell your home, try adding a few energy efficient items to help entice buyers. If you install certain items, such as outdoor solar-powered lights, an energy monitor, and LED bulbs, then a larger number of people may be interested in your home due to the savings they can receive without having to purchase these items on their own.

It is rare to find anything easy about selling real estate. The status of the market can also highly influence this. There are important considerations you have to take into account prior to, during, and after the time your property goes on the market. The advice you have read here, however, will help you during this process and hopefully reduce the stress surrounding it.

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Get Your Home Sold Fast

November 3, 2012 by  
Filed under Ready for Real Estate ?

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TIP! Get rid of the clutter if you want potential buyers to find your home appealing. Do not place too many items in your closets and dust them thoroughly.

The property that you own often makes up a considerable amount of your overall net worth. So when you do decide to sell any of the property you have, you want to make sure you’re getting the most out of it. In the following paragraphs, you’ll find tips that will make selling your property a little less overwhelming, and a lot more profitable.

TIP! Wipe down the windows from both the inside and outside to make your home sparkle. Windows that sparkle allow in more natural illumination, and they also give a feeling of newness to a home.

Prior to showing anyone your home or running an open house, you should take some time to spruce it up. Every little effort helps, so give the walls a fresh coat of paint, have the carpets cleaned professionally and tidy up throughout the entire house. Putting extra money into fixing up the house will make it stand out and definitely worth it in the end.

TIP! If you’re a dog owner that’s selling your home, then start putting your dog out more often to help clear up any odors. Even little tiny dogs do put off odors, it is possible that you are just used to it.

Both those buying property, and those selling, can make better deals if they set goals before entering the market. With a firm idea of desired amenities, location and price in mind, a buyer can avoid real estate impulse buying. Sellers, on the other hand, can establish limitations on what constitutes an acceptable offer. This allows them to hold out, and avoid low profitability.

TIP! After you have gotten the inside of your home ready for potential buyers, take a walk around the outside of the home and see what areas could be improved upon. Your house needs to look good from the street.

Small kitchen improvements can be wise investments that increase the appeal and value of your property. Even upgrading just one appliance can make it the focus point of the room. Putting in a wood block in the middle as an island and then hanging storage above it is a great addition to any kitchen. Keep in mind that replacing cabinets can be very expensive, so consider painting the existing cabinets to create a cheap new look.

TIP! In the rush to prepare your home for a potential buyer, your junk drawer and under the kitchen sink are some places that are easily overlooked. Your home will be fully scrutinized, so make sure that nothing gets overlooked, including these spots.

That reason is probably your home’s price. You need to be realistic about the price you are advertising your home for. It needs to be one that is attractive to buyers, not just you.

TIP! When potential buyers are viewing your property it is best to allow them to look at it on their own. If you’re constantly underfoot, buyers might not have the freedom to inspect as they please.

Have ready any information that buyers might find helpful when buying a home. For example, maintain a listing of the jobs that contractors have done on the property, along with the contact information for the contractors. You will be able to demonstrate to the buyer that the home was cared for this way.

Potential Buyers

TIP! When you are ready to show your house to a buyer, try not to be home. It can distract the buyer.

When you have an open house, find out what potential buyers think about your home. You could either ask potential buyers what they think, or have them write down their opinions. If you receive any negative comments, use them to pinpoint what changes can be made to help you sell your home quickly.

TIP! Buyers will notice an odor if you live with a pet. You might have become accustomed to the smell of your home, but your visitors may notice the odor of a pet.

Try to clean up the appliances and the counter tops. Sweep and mop your floors, and scrub your bathroom until it’s sparkling. Ask your children to clean up their room. Don’t have clothes on the floor, while dirty laundry should be moved to a less than obvious spot. When your home is clean, it will accentuate the positive aspects of your home to potential buyers.

TIP! Even little things as simple as fresh paint can increase the chances of your property selling. Look at your yard and see what may be unattractive to a buyer.

Before you sell your house, do needed renovations. Doing this will increases its value. Pay particular attention to your kitchen because this is often where potential buyers focus the most of their attention. You should spend money on a brand new kitchen if your current kitchen appears dirty with old appliances in order to quickly sell your home at a higher price.

Real Estate

TIP! A home that looks inviting will be much more appealing to buyers. It can make a significant difference in the quantity of potential buyers that are attracted to your home and will come to an open house, or request a private tour.

Unless you are a professional in the field, most people only occasionally venture into the the real estate arena. Not surprisingly, it is easy to get overwhelmed when you do venture there. When you are selling property, however, it pays to educate yourself so that you can lessen your risks. Hopefully, with the tips presented here, you can avoid the pitfalls that many people make, and profit from your real estate sale.

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Expert Answers Your Real Estate Questions

Susan asks…

How can I fire my Real Estate Agent?

I don’t think my real estate agent is doing enough to sell my house and I want to fire him, what can I do?
I am in a three month contract with my real estate agent at four percent commission and I want to fire him because I don’t think he is doing enough to sell my house. He is always making me excuses that the market is slow but I know my house can sell because my house is beautiful. I’ve already had my house listed with this guy for over a month now and I haven’t even gotten an offer on it yet! My agent keeps telling me that he has put it on the MLS and and sent out flyers for my home and spoken with other agents about it but I don’t think that is enough. He has only done six open houses for my house and it seems like he wants to do them only occassionally now and I want him to keep doing them because I don’t feel he is doing enough to sell my home. What can I do to fire him? I am in a three month contract with him but wish to fire him now. Isn’t there anything I can do?

The Expert answers:

Are houses in your area selling for what you want and if so it may be beautiful to you but not buyers you need to look at alot of factors. Sounds like for one month they have done alot of work to try and sell for you,

Charles asks…

what is a good website to find homes for sale?

i asked this once before and i was told…..i hated that site. most of the homes listed are already under contract. any other suggestions?


The Expert answers: is still the best site out there, if you want a national search. And NO, most of the homes listed there are NOT under contract. They are removed from when they go under contract.

Donna asks…

i have selected a listing agent to sell my home. her marketing plan includes?

listings in 4 websites including ad in two magazines. open houses(twice). i would like to know whether this is the normal marktg. plan or should i insist more? she does this for a fair commision.

The Expert answers:

It actually looks good

but the key is to price it right from day one. NO “LETS PRICE IT HIGH TO SEE IF WE CAN FIND A SUCKER . . .

And make sure that the places looks GREAT, especially from the curb.

Lisa asks…

What is a good website to find houses for rent?

I like but I can’t find any other good sites!

The Expert answers:

I like craigslist. or might also work.

Helen asks…

if the price of a 5 unit apartment building is 399,000. How much lower do you think the price can be?

Im really interested in this 5 unit building in oakland. At first i was hearing it was being sold at 170k (the only reason why im very interested) the broker had said the owner was trying to sell it for 170k (a steal basically) but when i was on it was listed as 399,000. Whats up with that? What should i do? should i do i contact the owner or what the hell?

The Expert answers:

If it’s being handled by a broker, CONTACT THE BROKER.

Ruth asks…

How many years of college does it take to be a Chief Executive Officer?

I’m thinking of going to UCLA
Im starting 9th grade in September

I want to live in this house

The Expert answers:

There isn’t a formal requirement. Bill gates for example is a college drop out and was the CEO of microsoft.

However, a recent survey that I saw somewhere showed that an increasing number of CEOs have degrees in accounting, engineering, and law.

Sandy asks…

good places to buy a holiday home in florida low budget?

I was wondering if there are any good areas to purchase a home or condo as an investment to use for a holiday home and rent it for the remaining time, I have a low budget of about $30-35 k , but I saw some houses on for as little as $10k or less, I am assuming they are in very scary areas, Also do you know of a good realtor in florida that could advise on areas?
Please advise.

The Expert answers:

If you’re looking in 55+ communities, there are some good bargains to be had in SE Florida like Palm Beach County. You need to find a dependable realtor though. If you’re financing, you might want to start with a good mortgage broker and go from there.

Daniel asks…

Misleading Home seller/Realtor?

Last Night I was bored..logged onto and just for fun was looking at homes in our old neighborhood. I spotted our previous home, now on the market again. I had heard that the buyers have “trashed it” within months, which was sad to hear, nonetheless…the photos that were posted on was photos of when WE lived in the home/our furnishings etc,from over 2 yrs ago instead of the current homeowners. Is that permitted? I also feel that it’s extremely misleading the the potential buyer, considering the home looks nothing like that now…just curious?

The Expert answers:

If the only difference was in the furnishings, then it is legal.

If the photos show a significant difference in the condition of the house, then yes there is a problem. Maybe not legally, but certainly morally.

People viewing the house will see the difference and know they are dealing with a lazy or untrustworthy realtor who misrepresents the property.

William asks…

Realtor steering us to certain neighborhoods?

First time buyers here, got a realtor through our lender (whom we trust) and this realtor set us up with an account where we can see property he finds through his search. However, his search has multiple listings in towns we do NOT want to live in and does not include the few listings we have found in our own town. I sent him links to these wanted properties via and he responded that all of those were contingent but that doesn’t update regularly so we should just stick to his search engine. All these listings said ‘active’ when I looked at them. His search engine doesn’t have a single property in the areas we want! Is he doing this on purpose to steer us towards these less desirable areas – which I’m sure he has a hard time selling? We have no contract with him. Shouldn’t a Realtor look into any property we find, no matter where we find it?

The Expert answers:

Public sites, like are known to be less accurate than the direct link your agent has with the MLS. Your agent has much more up to date information. In most cases, he his search gets information is less than an hour after it’s been updated. Public sites do not pay the big money to have updates this quickly.

That said, he could have filtered down your query too far and is not getting all the results. It’s crazy to think that he would risk losing a commission by purposely excluding something you say you want to look at.

Bottom line for me would be that you now have a bad taste in your mouth with him. If you don’t know him, don’t have a contract with him, and you don’t feel like he’s answering your questions about this very well then move on to someone else. Agents are a dime a dozen. Find one that will spend the time to explain things to you better.

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Expert Answers Your Real Estate Questions

Michael asks…

What is fractional ownership and how does it work?

This sounds like a good place but I want to know what exactly am I paying for and if Im even allowed to live in it or something.

The Expert answers:

It is like a timeshare. You would not be able to live there. That one says you could use it 21 days per year. Timeshares are a horrible deal. Even if you got a timeshare for free, the membership fees and dues make it better to just rent a hotel or whatever lodging for your vacations.

Ruth asks…

Can you find homes for sale in Pittsburgh on

The Expert answers:

Making the smart move of choosing a REALTOR® is your first step to ensuring that your new home and community meets your needs. Our services and experience range from financial aid to helping you find the home that … How We Can Help Before you start looking.Get the best real estate listings & homes for sale, expert advice, local info, … Welcome! On Our Site You Can Find Lots of Great Information

Carol asks…

What are some websites to search for Vintage Chicago homes for sale?

I’m trying to find old homes for sale in Chicago, whether they be lofts, flats or anything else. I’m looking for old hardwood floor vintage Chicago charm and want to know if there’s any websites out there specifically for this. I’ve looked at typical real estate websites like and such but there’s so many to choose from! Please help!

The Expert answers:

Just hire a Realtor as your buyer’s agent, and state your specifications. He or she will help you determine the price you can afford, and find a lender to pre-qualify you for a mortgage. Then, you can receive daily e-mails or phone calls about listings that suit you, and go look at the best ones.

Mary asks…

Is it normal to put down escrow money and still allow the seller to accept bids on a short sale?

I will be told if seller who is short still accepts other bids on this home still listed on and zillow
Is this normal?
I have an attorney but will only call him after investigation.

It is a very nice home and I gave a strong bid.

I am putting down over 50% does the seller’s bank care how much I put down or my credit score?

The Expert answers:

Yes, it is normal for a seller to actively seek secondary offers, in the event that you fail to close on YOUR offer. Your offer (if it is the first accepted offer) is primary, and the others are secondary. One of those secondary offers may be moved intso primary status if your offer fails to close as expected.

Homes are not removed from until the listing agent changes the status of the property in his local MLS. That is where draws its information. A listing on Zillow won’t change until the person who placed the listing directs that it be changed.

The seller’s bank cares about neither your credit score nor your downpayment, as long as you are able to close the purchase as agreed.

Susan asks…

Where can I find out if a house that I like to buy has a clear tittle?

The house is listed in it is sitting on a lot of 20 acres or more the price looks to sweet and my fear is to travel see it, buy it, and later found out it has a lean or worst…
Is there some puplic records or something to find out about this questions?
The House is located in the great state of TEXAS, thanks for the input.

The Expert answers:

Whenever you buy a house, a title company does a search on a title, and the property cannot be transferred until all “clouds” on a title are resolved, and you have a clear title. There are some exceptions to this (as everything in life) however the title company is required to inform you of this and you can choose not to buy the property if this is the case.

Of coure, title companies are not perfect either, and I would definintely buy title insurance if you are purchasing a house. That way if something comes up later, the title company is responsible up to the amount of your insurance to “fix” the title. If you are getting a mortgage on the house, the lender will require that you purchase title insurance for them, but make sure you pay the extra and have a policy that protects yourself as well, it’s not that much more, and is in effect for the entire period that you own the home, and definitley worthwhile.

An example of a title company making mistakes…..

My sister purchased a home (before I started in Real Estate) that when she went to sell, the title company found a lien that the title company when she purchased did not find. My sister did not have title insurance. It took several days off work, alot of research, and some good luck, but she was able to have the lein released without paying it. She found the person who had the 2nd mortage that was not released, and luckily they had paid the mortgage, kept proof of it, and were willing to share it with her, otherwise she would have had to pay the $20,000 to sell the house.

Hope this helps! Good luck!

Paul asks…

How many characters in a mls number?

How many characters in a mls number?

I got a 9 number long mls number for my property from And another site stated that mls numbers are only 6 – 4 numbers long.

The Expert answers:

Each MLS uses its own numbering system. Some are numerical only, and others include a letter or two. There is no set standard for such numbers.

Joseph asks…

Are we going to miss all the great housing deals if we wait till next Spring to move to Florida?

I just read an article saying that the market is beginning to stabilize in Florida and i’m afraid we’re going to miss out on getting a great home for less. We looked just last night on and it seems that there are still plenty of homes (beautiful homes, btw) that are going for $150K and less. How long will they stay at these prices? I don’t want to miss out.

The Expert answers:

Better get em while their there. Im trying to move also but im going to Oakland or Albuquerque

Ken asks…

As someone buying a home, how do you prefer to look for houses for sale?

Do you look on websites like or do you rely on an agent to show you houses based on your requirements or do you drive around looking at for sale signs in neighborhoods you’d like to live in? Or do you attend Open Houses only. I’m just curious.

The Expert answers:

I have done this several times. First of all I select an area of the city that I want to reside in. I check the crime rate by calling the local police. Once that has been completed and I have decided on an area to reside in, I check and see if I can afford this area.

If I can afford the area I then find out if there are or were built the number of bedrooms I require.

Since I might find a FSBO I then drive through this area to see if there are any house I might be interested in just looking from the outside.

I am so looking how racial diversified the area is. I am not interested in an area that has a collection of all one race. How the area is kept, are the lawns mowed and in good condition. How many children are in the nieigborhood.

Now I check and see if there are possible foreclosures in the area. If there are possible foreclosures in the area, I find them, make contact and see if there is a possible deal that can be struck. Like assuming an existing mortgage, with a low down payment or the seller taking back a mortgage note.

I also contact any FSBO to see if I can make any deal with them. I look for the same as a foreclosure to see if I can assume, with a low down payment or a seller carry second.

Before closing the transaction I normally select a Fri or Sat nite to sit in front or near the house to see if there is community noise or other undesirable things happening that would kep me from the purchase of the home.

Now most buyers don’t take the time to do this, but that is exactly why they wind up with places they later want to get rid of. The don’t check for possible deals with the foreclosures and FSBO.

They simply follow a real estate agent around that will not tell them the truth about a neighborhooh because the truth will cause the deal to fall through.

I did this once, the real estate agent told me that I was buying in a nice and good nieghborhood. Well I sat in the neighborhood on a Sat nite and they had a shoot out across the street from where I wanted to buy. When I presented the real estate agent with this new found information, all I got was it was safe before.

After checking the crime report from the city I found that there were 3 shooting in the last 2-3 months. Several drug related arrest within a 1-2 block area of the house.

I learned that most real estate agents don’t even work the area that they sell houses in and therefore are ignorant of the going on in the area in which you are buying..

So you have to take all the precautions necessary,because the real estate agent will tell you I don’t have to disclose the information and will point it out to you in some contract you might have to sign.

I very seldom look at the internet seeking to purchase a home because they might not simplify the area I am looking in to purchase.

I hope this has been of some use to you, good luck.


David asks…

Should I find a new realtor?

We are trying to sell our house, has been on the market since the middle of July. It is listed on the MLS, and realtors personal website with photos that he took. The description isn’t the best, suchs as “House shows well.” It was listed on with no picture and it took several phone calls, emails and US finally contacting for him to finally put the picture of our house on We had to request a newspaper ad (which he hasn’t done yet), open house, literature box to put the color ads in that we made and paid for. He takes his time and is not aggressively selling our home. He tells us it’s not a good time to sell, yet he just now listed a house that he owns 2 streets down. He only emails and sends paperwork in the mail. Not personable at all, all for a 7% commision. We have had nothing but great feedback of the house, it’s the location across from a apartment complex that is negative. We really would like to move out of state by winter
Our contract says nothing about firing, leaving etc. I’m not going to pay someone who is NOT doing their job. We have discussed our frustrations with him, and he keeps saying “well the market is soft…” All I’m asking for is that he try to sell my house. He told us the house will sell itself. He pretty much has done the bare minimum.
Oh yeah, we are in Columbus, Ohio

The Expert answers:

If you do decide to get a new realtor, this directory is really helpful. Just go to,_Inc._Introduces.php
and click on your state. Good luck ;)

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William asks…

What is the best online resource for finding homes for sale nationwide?

I am a real estate investor, and am looking for a site like, but that offers e-mail updates of properties that match my buying criteria.

The Expert answers:

In canada it is

But your best bet is to built a network of people you want to work with in your own area and one of these people should be an agent that is willing to go to bat for you,

they can likely search and set up automated searcehs for you that will send you properties by email, keep in mind that you will have to set some parameter on what it is that you are looking for, and asking for all the good deals, is not possible..

In my little town of Victoria BC canada, we get well over 100 new and or updated listings each and everyday, just imagine the number of listings that are entered all over the continent, ther is no way that you can determine what is a good deal with out spending time on each property, individually, so it is up to you to determine what exactly it is that fits your specific criteria, and locations, then it may be possible to create some sort of raw search that will send you a lot of duds, and very few golden nuggets, but that is part of the process.

But with patience, and most importantly a great network of likeminded people you can find the nuggets and do your thing

Good Luck

Betty asks…

How long does it take for a property to appear online?

It already has a listing number and it’s been nearly a month, but I can’t find the property on or anywhere else.

The Expert answers:

Wow you must ask how many other property’s are not on line or being held back to short the market.
As a buyer you want to see all that is out there, As a seller you want it out there also yet ehy seem to be holding back on this information. As you know this information is not in one place any where. Even if you use a Realtor and they use the MLS the one thing they do not tell you is there are several MLS and they do not cross list. Also they do not list new homes, forecloses , short sale and the list goes on.

You always hear of supply and demand well this is how they have shorted the supply and Guss what is drove up the prices and now the bubble is breaking.


What is need is mandatory, public assailable ran MLS for all property bought and sold ran by the county. Then you will have a fair open and honest market.

IT seems very apparent the the Realtors do not have other best interest in mind and not the general publick.

Robert asks…

What credit score would I need to buy this home?

What if I have bad credit would I still qualify?

What kinds of things on my credit could keep me from buying a home?

I don’t want total discouragement here, so please be nice. I just want the facts.

The Expert answers:

Your question is difficult to answer as no one will be able to see your actual credit report. There are some negative things on your credit report that the lender would simply require a letter of explanation as to what happen, why it happen and the results. Then there are some negative things on your credit report that would require third party proof that the item no longer exist.

Repeated non payment of a debt over a long period of time would cause reason for an underwriter to take a longer look at your credit score and might require a letter of explanation.

Some individuals that have bad credit might still qualify for a mortgage loan, some might even with a score around 580.

FHA and VA loans are less stringent than the normal conventional mortgage loans. Therefore what might be a reason for disapproval with a conventional lender a letter of explanation might be good enough for a FHA mortgage loan.

Negative medical items on your credit report might not be as big of a problem as might be expected.

One way to find out if about your credit report it to get your free credit report on line. This credit report will not have your credit scores, however, it will list any negative items on your credit report.

The best way to find out if you are qualified for a mortgage loan is to contact a local mortgage lender, complete a mortgage loan application. In this process the mortgage broker will get your credit report with your credit scores. If you are qualified for a mortgage loan you may continue the process. If you are not qualified the mortgage loan officer will let you know what you need to do to become qualified credit or income wise.

I hope this has been of some benefit to you, good luck.


Donna asks…

how to find farm property for rent or foreclosure?

I am looking to rent a farm or buy a really cheap piece of foreclosed farm type property with a house on it in North Ga. I want to be with in an hour -ish of Atlanta and I’m having the hardest time finding a website that will let me search for this with out being city specific. is a no go. Any suggestions? and I have of course checked craigslist as well.

The Expert answers:

You will need a real estate agent.

Farm land will not be cheap and you will be lucky to find any available at all.

Jenny asks…

Do you know of any good real estate sites for buying a home?

For some reason, last time i got a bunch of ill-mannered sprags answering this so can you please give me a GOOD answer.

My family is in the state of looking for a new home and we only know of 3 websites(,, and
Do you know of anymore websites that are easy to use? Please Share.

Thank you

The Expert answers:

You will be best served by locating a real estate buyer’s agent to provide you with houses that fit your criteria. That is your price range, sub division, type of house, schools and so on. The buyer’s agent is usually paid by the seller even if you have a buyer broker agreement with your agent.

So often the web sites do not give you up to date information. You don’t know if the house has an offer on it, if it is a short sale, if the price has been reduced or even if it is still on the market! When I was active in real estate I would get inquiries on houses showing active on the internet that had sold six months ago!

A buyer’s agent does not have an agreement with the seller as does the listing agent and the buyer’s agent will be able to show you days on the market, sales within the past three months, a good idea of how long it takes to close a short sale (probably never!), recommend a house inspector and walk you through all the many steps to closing.

A good agent is worth his or her weight in gold and will save you time and frustration.

David asks…

Which realtor should I choose?

I’m selling my house and have met with two realtors that were on the listing given to me by the relocation company. However, I’m unsure which realtor I should choose.

- Great salesperson with a wonderful, friendly personality
- Brought a spiral-bound marketing plan to the review meeting
- Took photos with a wide lens to get the full room in one shot
- Posts listing on with a virtual tour
- Small, local company
- Their unpolished website has very few visitors
- Agent doesn’t check email reguarly

- Nationwide company with a beautiful website (
- If someone inquires, their number is automatically text messaged to the agent
- Will put signs AND flyers in yard
- Agent is a very nervous salesperson who stumbles over her words
- Brought a folder with loose papers to the review meeting- seems disorganized
- Does not list on
My only concern with the local agent is that the house will not be marketed around the Internet. I live in a high industry city that will have a lot of transfers this summer. I want to have the house listed as much as possible as people from all over will be reviewing houses.

Also, the nationwide realtor commented that, “Well, if an engineer comes into town, they’re not going to buy this house.” I AM an engineer and make enough money for a bigger, nicer house. I just didn’t think I needed a huge house (and I really don’t). Plus, it’s a great, quiet neighborhood near the lake.

So, my concern is that she will only market to those she thinks can afford the house.
I can only go with the given realtors.
I don’t need ads for your or your friend’s company… or any realtor recommendations. I was given these two realtors by the relocation company. In order for the relocation to succeed through my company, I must use one of these realtors.

The Expert answers:

If your local is advertising on that is good, if the nation wide doesn’t it means they aren’t Realtors, they are just real state agents. I wouldn’t recommend any one not on I don’t work for but is one of the most popular sights for buyers to at least start with.

Depends on your area. If you plan on selling your house to locally person than a local Realtor could be fine. If you are in an area that your buyer may be coming form out side than I would recommend a national/international company that is all over the web including BUT MAKE SURE IT HAS A LOCAL OFFICE. Big companies such as but not limited to C21, Re max, Prudential will come up often in searches have brand recognition and people new to the area my fell more comfortable dealing with a company they have heard of instead of somebody they they have never heard of.

Don’t fell limited to your relocation company, they are offer you this service to make themselves money. The little money they offer you back may not be worth it. The only reason you have two choices is because they may be the only two agencies that will pay the relocation company the $$ they are looking for. That doesn’t mean the companies they provide are better or worse than anybody else.

Exposure/marketing is the name of the game.

Mary asks…

What is the best online real search engine for listings?

I’ve tried, yahoo real estate and trulia. Does anyone have a favorite, or is divide and conquer the best approach?

The Expert answers:

Try this…

Sandra asks…

What would a house payment be on a home that costs $56,000 and I am putting zero down with the current?

interest rate. I calculate about $290 on the page but you have to put a dwn payment there so I used $3000. Is there a simple way to look at a price on a home and get a ballpark figure on the monthly mortgage amount?

The Expert answers:

Fior every $100,000 you borrow, you pay about $100/mo for evey point in interest rate.

100k at 1% would be about $100/mo
a rough estimate for a 56k loan would be about
$56/mo for evey point in interest rate.

If the interest rate is 5%, you’d pay about $56*5=$280/mo.

Ruth asks…

What are some websites to search for Vintage Chicago homes for sale?

I’m trying to find old homes for sale in Chicago, whether they be lofts, flats or anything else. I’m looking for old hardwood floor vintage Chicago charm and want to know if there’s any websites out there specifically for this. I’ve looked at typical real estate websites like and such but there’s so many to choose from! Please help!

The Expert answers:

Houses for sale are not usually categorized by age. This seems like the kind of thing a realtor could help you with. These days, realtors are not quite as busy as usual so you might want to find a good one and ask them to help you find what you are looking for.

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Deciding On Your First Home

May 30, 2012 by  
Filed under Real Estate Information

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Ready To Leave That Apartment?

Now would be the absolute best time to find your first home. Starting your search as a first time homebuyer is a vital part of growing a financial base and credit rating as well as moving you into a comfortable space you will love. If the time is right for you to find your first home, there are a number of things to consider before you pull the pin on that first contract.

Prior to viewing any new home, make sure you begin looking at the process carefully and with a sharp eye. Learn what the mortgage rates are and how the general home financing scene is fairing at that time. Know what other buyers are paying for mortgages monthly and decide what an affordable monthly number is for you and yours. You need to understand the real estate market for the kinds of property that interest you and determine if you can afford these or look at something less expensive.

When you learn the basics of your market and what is for sale in the district you desire, your search will be adjusted in your favor considerably. Make certain of what your credit rating will look like to a lender and you better ask yourself are your paychecks going to be secure for a time. Biting off more than you can chew for your first home can be a disaster and lead to unexpected hardship at closing or some point thereafter and put you back financially for years.

At this stage of the first home buying process the situation widely depends on the professionals you line up as allies to your cause. The biggest decision is finding the best realtor for you. Having a good agent can make all the difference in the way your transaction turns out, the style of home you buy and the home financing you receive. A good realtor will find you the absolute best home in short order after determining your resources and living needs. Ask your agent if they have links to home inspectors and mortgage lending institutions. The professionals you recruit to help you find your first home can decide if problems will develop and mean the difference between a poor deal and a great deal.

Prior to or during the process of looking at homes, be sure you understand what is being discussed around you – learn the terminology in finance and real estate. Real estate market terms and mortgage language can be tricky so ask as many questions as you need to – there is no such thing as a stupid question. This is a big step in your life so understand each step of the experience.

Buying your first home can be a real trip, it should be an adventure and a bit challenging, but not a hardship. Be confident in your actions and understand all of the procedures as you encounter them. Knowledge is power so empower yourself before you even begin your first home hunt and get precisely what you are looking for.

Expert Answers Your Real Estate Questions

James asks…

Can you find homes for sale in Pittsburgh on

I am just curious… I have been trying for several days to find listings of homes for sale in Pittsburgh, PA, but the site says there are only 30 or so homes for sale. I know there are thousands. When I search other cities, the site is fine. I am not changing any search options. If you try to search for Pittsburgh, are you coming up with a small #, or the full list? Thanks.

The Expert answers:


Get filtered homes for sale in Pittsburgh or any province of US or any region of the world right here

Realageads focus is to give exact information to the world Real Estate market. We research and get you news, articles, rebates, offers from creative service providers to the Real Estate Industry. You can find us for latest trends in anything around real estates and property

All the best

Betty asks…

I just listed my house on the MLS service, How long does take to pick up the MLS? ?

I just listed my house on the MLS service, How long does take to pick up the MLS?

The Expert answers:

I was just looking thru to see who the agent was on a house i am looking to buy and it wasnt even on there. Although i looked through another MLS site and the homes been listed on that site for 5+ months!!

Laura asks…

What is a website that I can look for houses for rent in Beckley WV I tried and ?

I need some other websites so I can look for rental properties I have already tried and is their any other websites that I can go to and look

The Expert answers:

Here’s a couple links that may help you.


Depending on the size of Beckley, you may need to look in other towns/cities that are close by in order to find something at first. Hope this helps you. Good luck!

David asks…

Is there a better website to access houses for sale in southern california than

I noticed has lots of outdated and missing houses for sales. Is there a free website I can access that’s close to MLS? I need a link please.

The Expert answers:

Do not go to a discount brokerage of any kind to get information. Look at it this way, the sellers are represented by a professional negotiator who specializes in real estate. You want a professional negotiator who specializes in real estate working for you. The best way to find a home is to contact a Buyer Specialist at a reputable real estate brokerage.

I do not know what area of So. Cal you are talking about, but as a Realtor myself for 16 years, (yes I am a professional negotiator) I would contact a specialist in the area I was moving to.

By the way… is pathetic. There is one heck of a lot of outdated listings. It is not as automated as they tell us Realtors it is. Bag it. It is a waste of time.

Maria asks…

I have an excel doc with thds of addresses is it pos to set up excel to go to and bring back data ?

The only data I want to search is zip code and property square feet and bring back the first five prices and put the into excel. is this possible.One problem I see is in the square footage is a drop down menu.

The Expert answers:

It may be but more amd more sites are making it difficult to extract data from their web sites to prevent copyright infringement. You need to consider first whether your intended activity would violate such rights of for two reasons.

The first and it should be the most important is the question – is what you are doing legal and ethical.

The second is the question of consequences. There is a small chance that you could be discovered and taken to court. There is the chance that the time you spend trying to download the data will just be wasted. There is a chance that after you have spent hours developing a working solution, the web site will be changed in a way that completely stops it from working.

Be aware that the last chance exists even where what you want to do is completely ethical and legal.

If you decide that what you want to do is ethical, legal and worth the risk then you can

Start macro recording to capture what you are doing.

Select Data > Import External Data > New Web Query

Navigate in the browser that pops up to the information you want to capture and see if you can select it for import. If you can, then complete the import and look at what shows up in your Excel worksheet. If that is usable, then continue developing and testing. If it is not usable, you can retry until you decide that it is very unlikely that you will be able to get what you want.

Another option you should consider would be to contact about how they could make the data you need avaialbe at a reasonable cost.

Good Luck

Sandra asks…

what is the best website (except for to look for homes for sale?

The Expert answers:

Theres yahoo real estate. Its about the same as

Lizzie asks…

Does anyone know any websites other than that has rental properties on it?

I am looking for rental houses in maryland and I found a website called and I am trying to find others if anyone knows any please tell me and thank you them

The Expert answers:

Try craigslist,,…. There are also search engines on MSN and Yahoo for rentals across the country.

Daniel asks…

where is the for biddeford, maine?

my daughter is buying one of the houses on this realtor’s city

The Expert answers:

You question isn’t really clear, but does this help?


Carol asks…

Where can I find out the MLS# for a home for sale(other than if I provide the street address?

The Expert answers:

Call an agent in your area… They can probably look it up for you.

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First time buying a house…need advice from home owners.

April 29, 2012 by  
Filed under Real Estate Expert Answers Questions

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Lisa asks…

First time buying a house…need advice from home owners…?

OK. Im trying to purchase a home, i’m scared and VERY CONFUSED!! i have been pre-approved for a loan and have looked at several houses. I have placed offers on three homes but nothing has happened. This is the deal: I have an realtor (who is suppossedly representing me) and I feel that she’s not doing her job, I feel that she wants to sell the houses she likes not the houses im interested in. Now my question is I want to change agent and cancel her out…however, I have given her the 1000 deposit which she said was going into “escrow” …if i cancel and decide to look with someone else will i lose that money??? Please help with any advise…i really dont want to be screwed over….I feel sooooo ignorant…and really frustrated because i’ve read soo much information on first time home buying tips etc etc …and it’s just not clear to me…Thanks.

The Expert answers:

Did you sign a document stating that you would employ this real estate agent for a certain length of time.

If you did the agent might demand that the time expire on the contact before she quits.

If you just want to get out of the contract simply write letter to her broker and send her a copy indicating that you are not pleased with the real estate agent and no longer desire her services nor the services of the real estate broker service, and to please return my $1000.00 deposit.

The $1000.00 was for a deposit on a propeprty and not for her personal use, so she should return this without fail.

Make sure you put this in writing and not verbally. You might need proof that you displeasure was of a certain date.

She still might be in a position to collect a commission from you if you purchase a house she has shown you or introduced you to an agent that might sell you a house down the road.

So you want to make sure that you use none of her properties she introduced you to nor any agent she introduced you too.

You may look for a property on your own, why do you want a real estate agent to show you houses that are available on the Internet and other places.

Find an area that you want to reside, check the cost of houses in this area and see if you can afford this neighborhood, if not then you will have to lower your expectations.

Attend open houses in the neighborhood you want to reside in after you have decided that you can afford to reside there. Your pre-approval should tell you how much house you can afford.

When making an offer don’t feel bad about making an offer less than the asking price.

If you still want to use a real estate agent check with your mortgage broker that pre-approved you and see if he can give you a referral for a real estate agent. That is unless he recommended your current agent.

Check with other professionals you know to include family and friends to see if they can recommend a good agent they have used in the past.

Friends are not good people to use, even if they are in the real estate field.

I hope this has been of some use to you, good luck.


Helen asks…

Buying a home in cash… tips on how to get approved?

Hey, well my parents have been looking into buying a house in cash for about 6 months now, in fact my parents have in the past, submitted 3 different applications to buy a house in cash fully but they always end up being “out-bought” by some other person who takes out a loan….how is this possible? My parents currently have 3 new pending applications for great homes all 3 of those homes cost around $90K and my parents are offering the banks around $6- 10K more than the house actually costs is this a good way of convincing banks to let us buy the house? Because i mean we will pay fully in cash and we even offer more money than the house is worth and yet the banks approve people who take out loans and don’t offer more than us, why is this? are banks just stupid or is it a matter of luck? Any tips on how to seduce banks into approving us (aside from offering even more money in cash)?. Thanks in advanced!

The Expert answers:

That’s very stranege, usually cash offers get top priority.

However, maybe those properties were priced hot and got offers even 10K higher than asking.

George asks…

im looking into buying a spin bike for home use? any tips?

I am tyring to buy a spin bike that is relatively cheap. I found some on ebay but does anyone else know where to look? and what does the weight for a flywheel mean (im checking out a model that is made by gymtronix with a 40lb flywheel) thanks!

The Expert answers:

Invest in a small TV….it’s boring!!

Paul asks…

My client wants to withdraw funds from his 401k to buy a home. Any tips on getting Prudential to release funds?

We have an accepted offer on a bank owned home, and banks typically are slow to release signatures on documents if at all. To be conscious of the deadlines, we need the funds to pay for inspections and so forth. Prudential said they wouldn’t release funds unless we gave them all the documents signed by the seller. Banks typically give verbal responses and agreements, and I might have a challenge getting our documents returned before the deadlines pass.

The Expert answers:

Ah yes, dealing with funds. I’ve used my self-directed IRA in a similar situation. Ask Prudential if your client can pay for it upfront then get reimbursed at closing. It’s for the same purpose you are just keeping within the deadlines to streamline the process.

I guess the risk would be that your buyers may fork out the $$ and then deal doesn’t go through and that money doesn’t get reimbursed from the 401K. Good luck!

Nancy asks…

Anyone have any good tips or questions to ask when buying/looking at a home?

The Expert answers:

It is too warm in the afternoon? Does the sun come in from the front or back? For flats, back is better if you are hanging your laudry there. Second handed —–> drainage system, air-conditioning system, flushing system, which part of house needs repairing or upgrading? Next door neighbours? Schools, recreational activities in the vicinity? Transportation system? Security? And of cos, lower prices?

Sandy asks…

i’m buying my first home…what are some easy, inexpensive decorating tips to spruce it up?

The Expert answers:

Paint it.
Cheap easy and a huge difference!

Donald asks…

How can i dye my bottom tips of hair at home without buying hair dye? (:?

The Expert answers:

When I was in High School kids used kool aid to color there hair, .89 cents for a small pack at walmart. Good luck

Charles asks…

1st time buyer and planning on buying a home with KB Homes. I need tips, suggestions, precautions..?

Ok I’m a first time home buyer and I’m also in the process of buying a brand new home from KB Homes in Lancaster,CA. The total cost for the home is $137,000 and I have been pre-aproved but I wasn’t told for how much the loanwould be. I was told that my total downpayment would be between $10,000 to $12,000 I have given my information and also just recently gave $3000 to start the process of the paperwork and etc I was also told that if I decide to stop the paper work or just cancel everything I would loose my $3000, but heres what I found “fishy” from them I wasn’t told about programs that they are for 1st time home buyers, loan options,.Now heres were I need help from you guys or tips, suggestions or precautions that I should know or do before signing the closing papers.

1. Is there any possible way that I can bring a RE agent to help me with the closing papers and tell me whats right or not right for me?
2. Do I have an option to shop for a Loan from another lender besides Countrywide?
3. Has anyone purchase a home form them and had any bad or good experiences?

Every response, tips, suggestions will be helpful..thankx

The Expert answers:

KB Homes is one of the bottom 10% of the builders. I would NEVER buy a KB house.

Junk. Google them and see all the problems and “fishy” stuff that happens.

Sandra asks…

how can I make my hair glossy and make it grow faster AT-HOME without buying any products?

I want to make my hair grow faster and make it glossy without spending any money… are there any AT-HOME tips?
can your details be a bit more specific please thanks

The Expert answers:

Mayo will make your hair very shiny……just get a jar and put it all over your hair and then wrap a plastic bag around your head and let it set for about ten minutes or fifteen……you’ll have to wash it 2 or 3 times with dish soap (depending on how long and thick your hair is)…..oh, and I must warn you, you won’t be able to eat mayo for a while because its not the best smelling on your head. A few more tips for healthy hair is to use a soft bristle brush when your hair is wet to reduce in breakage, when you are towel drying your hair don’t be a maniac..just gently pat it. If it is possible you should use olive oil shampoo, its organic and very good for your hair though it costs about $4. Be sure to get it trimmed every month or 2 to keep the dead ends away because dead ends stop hair growth. When you are washing your hair in the shower massage your head for a good 2 minutes, this stimulates hair growth. Try not to wear the pony tail holders that have the metal thing on them because that also breaks your hair and if you use heat stylers (curling iron, blow dryer, straightener…) spray your hair with a heat protectant that you can get pretty cheap at Wal-Mart to keep your hair from getting damaged. Good Luck!

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Investment Ideas / Real Estate Ideas?

April 28, 2012 by  
Filed under Real Estate Expert Answers Questions

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Sharon asks…

real estate contracts (breach)?

I bought a home from a builder where the builder and developer promised dog parks. However they were not honest with the people in the homes near the park sites. They didn’t tell these homeowners that there would be dog parks near their homes. So those homeowners banded together and raised hell and the developer backed down.
I am disabled and have a service dog. My disability causes me to not be able to drive at times which I why I specificly asked if there would be dog parks in the community and they told me yes. Now they’re not building them. My service dog is a 75lb labrador who needs exercise and I can’t always drive her to a park. While they should’ve been honest with those few homeowners near the park site, doesn’t this constitute breach of contract with me and the others they promised the dog parks to. While we don’t have the promise in writing, it’s in advertisements and they clearly offered it or those homeowners would’ve had fought them and made them back ddown.

The Expert answers:

Unfortunately for you , no.

Unless the contract of sale expressly represented there would be a dogpark AND it states that the representation shall survive closing.

Under the “merger doctrine”, all prior representations made in a real estate deal (even in the contract) are deemed to be merged into the deed. In other words, unless a provision is stated to survive the closing, the law assumes that if you took the deed at the closing, the seller has satisifed all its conditions and promises or you have waived them.

As for advertising, I would take a look at them and see what they say very carefully. If they represent there will be dog parks, I would call my state attorney general and ask them if this is some type of consumer fraud or false advertising. If there is enough interest, they may start an investigation that may get you some compensation for your troubles. If they merely state it is their intention to create a dog park, then you are probably out of luck because they didn’t anticipate so much opposition from the neighbors, and it was probably a planning board decision on their site plan after public outcry to request they not be dog parks, and the developer probably had little or no control over that.

Maria asks…

Investment Ideas / Real Estate Ideas?

I am thinking about investing into real estate later in life so I have additional income. I have always been into music and from my experience, the demand for warehouses (band rehearsal space) is very high in my area. I was wondering if it would be a good idea to purchase a warehouse, say 50K with a 30 year term, and renting it out to bands. Most warehouses go for about 300 a month per band here, so assuming I have 2-3 bands renting it out, I’d make at least a small profit every month depending on my P&I amount. Of course I wouldn’t purchase a warehouse unless A. I could afford the rent without renting it out to bands, and B. I either break even or make a small profit from the tenants. Another idea is purchasing a really cheap condominium / house and renting it out as well. I’m still very young, so I don’t have much knowledge when it comes to investing or purchasing property, so any information / ideas would be greatly appreciated.

The Expert answers:

There are a lot of commercial buildings (warehouses) in foreclosure lately and you may be able to get a good deal on such a building. It could be a lucrative business to rent out the music space, if you got the building for a good deal.

Good luck!

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