What you need to know about using an installment contract for deed. From closing on the sale to monthly interest payments, here’s what you can expect. Q: I am selling a commercial building and giving the buyer financing through a contract for deed. In the purchase agreement, the buyer asked about a prepayment penalty, but [...]
These are the 4 personal finance resolutions you need to make ahead of a potential recession in 2019. Putting them to work now can help your financial foundation in the future. Here’s something we haven’t heard in a long time: whispers of a looming recession. And those in the know think it could start in [...]
What you need to know about buying a home in 2019. From low housing inventory to mortgage rate hikes, let these four tips be your guide. In the twenty-five years or so that we’ve been writing this column, we’ve started each new year with a look back at the year that was (in this case, [...]
Housing forecast highlights you need to know. Whether you’re buying a home, selling a home, or investing in real estate here’s what you need to know about the housing market in 2019. It’s that time of year again. In addition to unwrapping packages and stuffing yourself with sweets, real estate industry observers have been at [...]
Real estate challenges and opportunities in the New Year. Whether you’re buying a home, selling a home, or investing in real estate here’s what you need to know about the housing market in 2019. As we start 2019, there are some important changes that you need to know about, starting with the increased loan limits [...]
How do you know when your real estate investor is giving you a good deal? In this reader’s case, research and trusting their instincts are a must. Q: I’m in the process of selling my home fast to an investor. The settlement is soon. I chose this way of selling to avoid showing my home. [...]
How is my homeowner's insurance premium determined? Homeowners Insurance pricing is complicated making it difficult to choose the best policy. Q: We put in a bid on a 1920s home in the Chicago area for $275,000. I called my insurance company to get a quote and they told me it would cost around $1,800 a [...]
How do you navigate new rental rules from your condo association and is it possible to be grandfathered into the old rules? Q: We are buying a vacation condo which we plan to use in the winter months, but also hoped to rent it in other months. We just learned that the condo association has [...]
What can you do when you discover an old oil tank leak on your recently purchased property? Your options may be limited, especially with the title company. Q: I bought an investment property located on the edge of a river. Apparently, years ago, a nearby oil tank leaked. The tank was not disclosed in the [...]
Buyer’s Remorse: Is it a bargain or a bad idea? Sponsored posts from influencers and ads in social media streams motivate Americans to buy into the hype. It’s the time of year when cash and credit fly around freely. But, it’s also the season of buyers remorse. It probably won’t surprise you to learn that [...]
