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Open Houses and Selling Your Home

August 16, 2019

An open house when your property is first placed on the market can be very important, but not for the reasons most homeowners think. Just like with advertising, most visitors to open houses rarely buy the house they come to look at. They may not even know the price of your home when they stop by to visit – they probably just followed an "Open ...

Seller refuses to make agreed-upon repairs

July 30, 2019

Q: We were supposed to close on a house a week ago. The day before the scheduled closing, we went out to the house and noticed that the seller did not fix the heating system as we agreed in the contract. We gave the seller a one-week extension. It is now the day before the revised closing date and he has not yet fixed the problem. Our lease is ...

Parents shouldn't place kids' names on real estate

July 26, 2019

DEAR BENNY: Twenty years ago my mother placed my name on the deed to avoid issues when she passed on. Will the IRS treat this as inherited property or consider it investment property? Did I inherit her half of the property? --Theo DEAR THEO: Why, oh why, do parents do this? For example, let's say your mother and father bought their house ...

Small improvements make most of utility room

July 24, 2019

Call it what you will -- utility room, laundry room, mud room -- the names say it all. It's a place for the washer and dryer to live, a place for wet and dirty clothes to hang out, a landing point for muddy boots and chore jackets, you name it. If you have one of those multipurpose rooms and you'd like it to do even more, or at least do it more ...

Disclosure: What Sellers Need to Know

July 21, 2019

States are cracking down on sellers' obligation to disclose known material facts about properties for sale—especially conditions not readily apparent, such as a cracked foundation. A material fact is anything that could affect the sale price or influence a buyer's decision to purchase a home. The major cause of post-sale disputes and lawsuits ...

Ottawa population to hit 1.13 million by 2031

July 17, 2019

With urban sprawl and Greenbelt development once again hot topics, the city's planning and environment committee will be asked Tuesday to approve new population projections for Ottawa. A recent staff report has forecast the City of Ottawa will have 1,136,000 people, 496,000 households, and 703,000 jobs by 2031. The Greater Ottawa-Gatineau ...

How to sell in a buyer's market

June 23, 2019

You've got to be proactive on price, marketing and more. Here are 10 steps to take before you plant the "for sale" sign. If you're selling your home this year, be prepared for a marathon, not a sprint. In most places, those heady days of putting a property on the market, receiving multiple bids, getting more than you expected, and accepting ...

Paid off home, now how to get title?

June 20, 2019

Q: I live in Southern California and paid off my home. I received "Substitution of Trustee and full reconveyance" that was recorded in my county in June 2007. Is there some other document that I should receive indicating title, deed or ownership of my property? I received an ad from a private company indicating they would assist for a fee to ...

Extra payment to principal may not dent monthly payments

June 19, 2019

Many borrowers would like a mortgage on which the monthly payment would drop following a large payment to principal. They may have highly irregular income, or they may anticipate coming into a large sum of money from a bonus, bequest or insurance settlement. Mortgages fall into four categories with regard to how responsive they are to this ...

Free storage

June 18, 2019

Staying organized is always a challenge. Stuff collects and gets out of hand. There are lots of everyday throw-away items you can use to stay organized. Get creative in your search. Instead of looking at an object's label, look at its size and shape. Match that to what you're trying to store and you've got a winning combination. You'll be able ...
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