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Timeshare Horror Story

By | December 22nd, 2023|

Timeshare Horror Story Inheriting a timeshare caused family drama after niece and nephew demanded a share of the sale. Q: My parents purchased a timeshare with a floating week in a nearby town many years ago. One of the nicer aspects of the timeshare was that if your name was on the deed, you and [...]

2024 Home Seller Resolutions

By | December 21st, 2023|

2024 Home Seller Resolutions Every year, Ilyce and Sam offer their list of New Year's Resolutions for home buyers, home sellers and financial resolutions for everyone.  Have you made your 2024 home seller resolutions yet? The last few years have been an unprecedented gift for home sellers. With few homes listed for sale, home prices [...]

2024 Home Buyer Resolutions

By | December 21st, 2023|

2024 Home Buyer Resolutions Every year, Ilyce and Sam offer their readers New Year’s resolutions for home buyers, sellers and their personal finances. These are their 2024 Home Buyer Resolutions. Have you  made your 2024 home buyer resolutions yet? It’s been a tough few years for home buyers. Since the start of the pandemic, mortgage [...]

Passing Inspection Before Sale

By | December 21st, 2023|

Passing Inspection Before Sale A reader wants to know how to avoid a village-required inspection that will require updates to their property Q: This may be a question for Sam. We live in a village that requires us to purchase transfer stamps in order to sell our home. But for us to get the stamp, [...]

Fidelity National Financial’s Cyber Attack

By | November 30th, 2023|

Fidelity National Financial's Cyber Attack Recently, Fidelity National Financial, a Fortune 500 provider of title insurance for buyers and sellers, was hit by a devastating cyber attack. Fidelity National Financial submitted regulatory documents to the U.S. Securities and Exchange Commission acknowledging the attack on November 21, 2023 and describing how it handles the situation. “Among [...]

How to Calculate the Square Footage of a Home

By | November 30th, 2023|

A reader wonders how to calculate the square footage of a home Developers calculate the square footage of a home in different ways. Which can be confusing.   Q: I read your column regularly and have a question. I recently attended an open house for a 2-bedroom, 2-bath condo in a south suburb of Chicago. [...]

Electronic Vehicle (EV) Charging Concerns

By | November 30th, 2023|

Electronic Vehicle (EV) Charging Concerns Readers are concerned about electric vehicle (EV) charging in condominium buildings.  Reader Comment on Electronic Vehicle Charging Concern - Fire You missed a very real concern with the questions of EVs charging – fire. Standard sprinklers will not extinguish a battery-based fire. Water can't smother it and even if it [...]

Getting Rid of an HOA

By | November 29th, 2023|

Getting Rid of an HOA Homeowners wonder if turning over control of retention ponds and eliminating their HOA is a good idea Q: We recently read a reply you gave to a question about a homeowners association (HOA) in Maryland, that is having trouble getting people to run for the board. We live in a [...]

Minimizing Taxes on Inheritance

By | November 29th, 2023|

Minimizing taxes on inheritance Buyer wants to know how to minimize taxes on a rental property he inherited. Q: I inherited my mother’s home. That part went well, but boy was I uninformed. As I’ve now learned, and Ilyce’s site (ThinkGlink.com) made this clearer, when one inherits a house: (i) You can benefit by paying [...]

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