Saturday, 10 21st

Last updateMon, 30 Jan 2017 4pm

WHO'S WHO?

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In our columns, we write for the general public. We refer to “buyers” and “sellers” because readers understand this. That’s all that counts. However, if you read legal documents concerned with real estate, or if you pick up a book on real estate written from, a legal point of view — you’ll see the words grantor or grantee used in the same transaction. You will also see the shortened word “grant” used. It deserves an ex

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THE WAITING GAME

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Are you waiting for housing costs to drop and interest rates to settle lower before you buy a home? If you are, you may be living at your same address for the rest of your life. The factors that determine the cost of housing — availability and demand — haven’t gone down for years and there’s no reason to believe they’ll start
dropping now.
Beware of the mental trap of waiting until your income increases

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SELLER - THINK LIKE A BUYER

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People usually decide within a few minutes whether they like your house. Prospects start forming their opinion before they even walk in your front door. So, Mr. Seller, ask yourself if your house is as presentable as it can be for a faster sale at the best price.

You’ve probably been looking at other homes (especially if yours is already for sale), so approach your present home the way you look a t

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LINES OF COMMUNICATION

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When selling your home with an agent, there is one basic caveat: don’t hide anything especially a defect in the condition of your property. Failure to do so can create all sorts of interesting situations – none of them are good.

Your agent will need information about taxes (senior/veterans and star exemptions), heating costs, age of house, insulation, plumbing, and waste disposal, wiring capacity,

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LOCATION, LOCATION, SCHOOL DISTRICT

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The old adage for real estate was “location, location, location.”

However, I have said for umpteen years, “Location, Location, School District.”

My logical conclusion umpteen years ago was the pure common sense notion that families with or without children would always try to gravitate towards a community, that had a great location, superior transportation and access to highways to their workplace

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INVESTING WITH YOUR HEART

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Buying a home is not simply a financial decision. It is also a very emotional decision. Buying a home is not like buying a share of General Motors or investing in a mutual fund. A home, particularly your first home, reflects the yearnings, the hopes, and the pride of a lifetime. Buying a home is “investing with your heart.”
True, it is an important financial investment — perhaps the biggest in your l

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FRAME OF REFERENCE

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You thought your house was worth one million but your neighbor just sold his very similar house for $900,000. How can you determine if your house is worth a lot more than you think it is or whether the higher sale was just a matter of luck?
Our agency makes a practice of charting actual sale prices in the area. This information, which we call “comparable sales data,” is used as a general frame of ref

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REAL ESTATE AGENT SHOULD BE LISTENING TO YOU

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Whether you are a seller, purchaser or investor or potential renter, is your agent listening to what your needs and wants are?

Are they communicating with you and probing and gathering information to assist you?

If you are looking to sell, have they provided you with a CMA (Comparative Market Analysis) to determine your current value?

Do they have an understanding of when you want to sell, how

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