Do I really have to read all of the loan documents?
Friday, 12 July 2019
Question: “Help! We’re refinancing and have heard there’s hundreds of pages to sign. We’re not speed readers, so there’s no way we’re going to read it all. Any suggestions?” Answer: I agree. When you get a mortgage and are asked to sign a 1.5-inch high stack of papers, you’re not going to read every word.
- Published in Q&A - Home Investing Questions
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What are “iBuyers”?
Friday, 05 July 2019
Question: “Hi, I’ve heard Zillow is going to start buying homes. What’s that about?” Answer: Have you seen those scribbled signs by the side of the road that say, “I’ll buy your home for cash”? Or received one of those letters where they pretend they’re specifically interested in buying your house for cash, but it’s
- Published in Q&A - Home Selling Questions
Why homeowners insurance is important
Friday, 05 July 2019
Question: “You should warn your readers about this… I just bought a property for cash and found out after closing that I had NO INSURANCE! I had told my insurance company well in advance, and assumed escrow would be sure I was insured. But they all dropped the ball. Thanks goodness nothing happened.” Answer: Thank
- Published in Q&A - Home Investing Questions
Are HOA’s allowed to charge for documents?
Friday, 28 June 2019
Question: “My HOA management company wants to charge me $700 for the condo documents. That’s highway robbery. Is that even legal?” Answer: I’m no attorney, but in my opinion, that is NOT legal (and is, in fact, highway robbery!). Too many HOA management companies are raking it in and breaking the law in the process.
- Published in Q&A - Home Selling Questions
How does the Mills Act work?
Friday, 28 June 2019
Question: I recently heard of something called the Mills Act, can you tell me more about it and how it works? Answer: Certainly. What is the Mills Act?The Mills Act is property tax reduction for designated historic properties. It will limit changes that can be made to the property. How does a property qualify for
- Published in Q&A - Home Investing Questions
Is there a downside to value range pricing?
Friday, 21 June 2019
Question: “If I sell my home, is there any downside to value range pricing?” Answer: Only one that I know of… Because value range pricing is rarely seen outside of San Diego, none of the national websites support it. They only have a field for one price, not a range. Their work-around is to use
- Published in Q&A - Home Selling Questions
Can property managers effectively sell properties?
Friday, 21 June 2019
Question: “We’re going to sell our rental property and have our property manager list it…” Answer: Hold on a sec! You don’t want a regular real estate “sales” agent trying to manage your property. And you don’t want a property manager trying to sell your property. Even though both jobs require real estate licenses, they’re
- Published in Q&A - Home Investing Questions