Are appraisals usually below the actual home value?
Friday, 28 February 2020
Question: “I want to know what my home is worth. I had it appraised for $1,200,000 in June. Aren’t appraisers usually conservative?” Answer: One of the longest-running myths in the history of real estate is that appraisals are usually conservative, meaning below the actual value. I can tell you from repeated personal experience that, on
- Published in Q&A - Home Investing Questions
Why Zillow doesn’t reflect your home value after a remodel
Friday, 21 February 2020
Question: “We fully remodeled our house over the past year, but the Zillow estimate is about the same. What’s wrong with their formula?” Answer: I tell anyone and everyone: Never, ever depend on Zillow or any automated valuation for your home value. In your case, not only are automated valuations inherently unreliable, but Zillow would
- Published in Q&A - Home Selling Questions
How long should I wait to buy a home after having credit problems?
Friday, 21 February 2020
Question: “My wife and I have had a lot of credit problems, including a car repossessed. But we’ve kept good credit for the past couple of years. Now we’re finally ready to buy our first home. Will the lender find all our old credit problems? If so, how long do we have to wait before
- Published in Q&A - Home Financing Questions
Why home sellers should not talk with buyers
Friday, 14 February 2020
Question: “We live half time here and half time in Michigan. We’ve decided to be full-time San Diegans and have our home for sale in Michigan, where we’re at until the house sells. I’m a pretty chatty guy, but my Realtor there said I shouldn’t talk to buyers and their agents about the sale. Do
- Published in Q&A - Home Selling Questions
The problems of owning an investment property with a partner
Friday, 14 February 2020
Question: “What do you think about investing with a partner?” Answer: It can be a great idea to help you invest in something you otherwise couldn’t. And at the same time, while most partnerships go just fine, I’ve also heard many stories of problems. For example: One party doesn’t fulfill their end of the bargain,
- Published in Q&A - Home Investing Questions
How do I get a bridge loan?
Friday, 07 February 2020
Question: “Do they still have bridge loans, where you can temporarily borrow against a home you plan to sell so you can buy your next home?” Answer: Good news! Bridge loans are back, finally! My preferred lender just told us he can now get our clients a bridge loan. For more info, call me at
- Published in Q&A - Home Investing Questions