Low Appraisal Not Disclosed To Homebuyer

Reader Question: I recently closed on a home for $180,000. I just learned the appraiser along with the agent and lender adjusted the appraisal from $176,000 to $179,000. They never informed me of the original price. Had I been informed, I could have negotiated for the $4,000. What can I do now? Sonja D. Monty’s…
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When Neighbor Disagree On Trimming Tree Branches

Reader Question: Our neighbor has a tree with branches that encroach on our property and pollutes our swimming pool. Our neighbor says we cannot touch their tree, as it will ruin its shape. Can we rid ourselves of this nuisance? Monty’s Answer: Many property owners see trees as a valuable resource that adds value to…
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Multiple Choices Improve The Consumer Experience

  Reader Question: Why do you recommend interviewing multiple people when choosing a real estate agent? Honestly, it seems unwieldy but I would like to understand the logic. Paul H. Monty’s Answer: Interviewing all service providers, not just real estate agents, is a practice that improves the consumer experience. It does take some time to…
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Seller Wants Out Of The Sales Contract

Reader Question: I have signed a sales contract on my home just yesterday. Can I change my mind and decide not to sell? If I can do this, what liabilities would there be to me? Monty’s Answer: First know it is not uncommon for a seller to experience a malady called “sellers jitters.” Our most…
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Six Tips On When To Restore, Or Replace Vintage Home Components

Reader Question: I have a mid-century, brick, two bedrooms, and two bath house in a nice older neighborhood. Paid $215K for it and did some remodeling. The last appraisal was $236K. The soffit is very wide (4′ or so) and is part of the architectural design of the house. I have four spots that need…
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