Experts agree, buying or selling a home is a complicated and lengthy process you enter into to achieve your ultimate goal. Experience has proven that knowledge is your best ally in successfully navigating your way through this process. Because this specialized knowledge is camouflaged in myth, misinformation, misplaced trust and confusion, personally investing time in acquiring and applying the knowledge is the surest and safest way to proceed. Without this knowledge, the probability of long delays, unnecessary risks, simple yet costly errors and high levels of frustration increase exponentially.
A Better Way To Approach A Real Estate Transaction. “If you always do what you always did, you will always get what you always got”. The real estate transaction is a process. It is a series of smaller transactions, each very crucial for different reasons. Each smaller transaction requires specialized knowledge of how that individual part works into the larger transaction. To make confident decisions one has to understand each of the smaller parts and the different ways they impact the process. Only by accepting this elementary fact, choosing your agent carefully yet retaining personal responsibility over the outcome can we break the pattern. Click here to learn the details.
Let’s look at some specific questions sent in by DearMonty readers from across the country. Read more Q&A articles about the “Planning with Experts” stage of the Home Selling process:
Dear Monty: Why do real estate companies want to buy our house? We are not planning on selling our home just yet. One of the curious observations we have is that real estate companies have started to promote buying our home within the last year. The idea is that by selling directly to a real […]
Dear Monty: Does for-sale-by-owner (FSBO) work? I recently read an article that lambasted homeowners for even thinking about selling on their own. We recently sold our home without an agent. The article did not depict how the marketplace works today, based on my recent experience. I saw it as a hit-piece written by a […]
Reader Question: We are a four-person group wanting your opinion on topics to consider when buying an Airbnb investment. We have invested in other commercial property types, but this would be our first bed and breakfast. The six units generate an eight-percent cap rate. 2019 was the first year in service. There are numerous significant […]
Reader Question: Is America in a housing bubble? We think today’s out-of-control real estate market is crazy. We are attempting to downsize our lifestyle with a smaller home. In two instances, we made an offer, and someone outbid us. Our home is free and clear, so we are cash buyers. We don’t want to […]
Reader Question: I own my current home. I am having trouble selling it. iBuyers say that they will pay fair market value for a home and take care of all the issues that give me problems. Should I consider selling my house to an iBuyer? Monty’s Answer: Whether or not it is feasible or a […]
Reader Question: A recent article you authored titled “What’s wrong with real estate” was insightful. The overview described conditions that contribute to the real estate sales environment. We will be selling our home soon and feel that expanding on the agents would help us understand real estate agent motives. Can you drill down to […]
Reader Question: It appears there are different methods to sell your home today. We haven’t bought or sold a home for 30 years. Back in the day, we would contact an agent or try on our own.The choices are confusing. What are those choices today, and what are the differences between them? Monty’s Answer: […]
Reader Question: We will be selling our home in the coming months. A friend who sold on their own talks about how she felt it was worth the time and learned a lot from the experience. Another friend tried it and said it was a big waste of time and money. He spent about $800 […]
Reader Question: Can real estate agents “game” the MLS system? When my current listing expires, how long do I need to wait to list again if I want my second listing to be marked “new” instead of “relist?” Monty’s Answer: There are over 700 multiple listing services (MLS) in the U.S., and they […]
Our readers today are considering selling their home without using a real estate agent. As home prices rise and real estate fees rise with them, the industry is experiencing resistance. There are more and more options appearing to meet the demand for lower rates.
Reader Question: Our home has been on the market for one month. We started at $698,500 and reduced it to $685,000 after two weeks. The house is 3564 square feet in a desirable older neighborhood. We’ve had two showings and much positive feedback. The only negative is that we have no backyard. Our agent now […]
Reader Question: I am 65. I have been living in Alabama since 2004. I lived with a family member who has since passed away. Now I am out on my own renting a house. I have had an excellent job with the same company since 2005. At the end of this year, I will retire […]
Reader Question: I just turned 60 and own my two-bedroom, two-bathroom, two-car garage condo outright, and it’s worth about $140,000. Condos in my area sell fast. Many people think it’s a waste of money to rent when you can build equity in your house, especially if it’s paid for. I guess it depends on […]
Reader Question: We are in the process of changing houses. Our home is currently on the market, and we are actively looking. It has only been two weeks, and we have had three showings, but no offers yet. Our agent seems to think that we are going to have a hard time getting an offer accepted […]
Reader Question: My property on the east coast has been re-zoned to high density. I have received many solicitations from real estate developers. I suspect that they do not have my best interests in mind. What agents-real estate attorneys, must I consult? Monty’s Answer: My interpretation of your question is that you want help […]