Recently asks: I am a smoker and I’ve been turned down twice because I smoke even though I only smoke outside. Isn’t that discrimination?

Answer: In a word, no. It is not discrimination. Don’t get too fired up about not being able to find a place to rent because you’re a smoker. The Civil Rights Act of 1964 can’t help you on this one. This [...]

The seller doesn’t care if you have to bring more money to closing!          

The appraisal can be arbitrary if you need “a” loan and you want the property.

I realize I will get some flack from the appraisers who will read my post, but let me tell you where the above statement comes from.

I am selling a 3 bedroom condominium, and share what I believe to be the best three comparable closed sales with my seller as we discuss an [...]

Know which loan conforms to the property before you apply to a lender. 

Question; are you all set with your financing?

Answer: My buddy has me all set with a great rate.

NOT SO FAST… will the property conform to the type of loan you have been assured you’ll be approved for, at this great rate?

 

According to the IRS, in Fiscal Year 2016, the average individual income tax refund was about $3,050.  Suggestions of what to do with this chunk of change are endless but certainly, amongst those ideas, must be homeownership. After all, purchasing a home is a great investment. Unfortunately the big picture of the situation isn’t whether you [...]

 

Question: MLloyd asked: I have what is considered an in-law apartment; I’d like to rent it out for some extra income. There is a coworker interested in this space but she only needs it for a few months so didn’t want to sign a year lease.  Is it wise to agree to terms verbally since she is going to be there only a short [...]

The Importance of a Valid Contract

When you purchase a vehicle through a lending institution there’s a contract you have to sign before purchasing. When you buy a house, there’s definitely a contract. When you get professional renovations and remodeling done to a property, there’s a contract. So when you rent a property or have a tenant you [...]

When trying to acquire a rental or purchase the best location at a ski resort a few things come in to play as every mountain has its own character.

#1) Does being the closest to the mountain mean you have to have a huge budget?

#2) Is finding a property were the first building was built as the ski area was being developed a better option?

#3) Or will we have to settle for a tiny space or an old dog to get that location…RIGHT??