Real Estate Question and Answer
Are FHA buyers at a disadvantage?
Dear Phyllis, My husband and I want to help our son and daughter-in-law purchase a home. We won’t be giving them a 20% down payment, but likely close to 10%. I spoke to our bank branch manager who suggested that they obtain an FHA mort...
When can you stop disclosing?
When can you stop disclosing? Dear Phyllis, We have been in escrow for a bit more than a month. We completed all of the paperwork about what’s wrong with the house and the couple buying our home signed everything. The buyer had thei...
Selling a cosmetic fixer
Selling a cosmetic fixer Dear Phyllis, Last year my mother passed away. I have four siblings and am the executor of her estate. Two of my siblings have financial difficulties and want to sell the home immediately, but I and the other ...
Are pre-approvals that important?
Dear Phyllis, Out of the blue, I went to an open house over the weekend, and really liked the home. I phoned my Realtor® and told her I wanted to make an offer. She told me I can’t make an offer without a preapproval letter from a len...
How to determine how much to offer in a multiple offer situation
How to determine how much to offer in a multiple offer situation Dear Phyllis, My husband and I are hoping to buy a home within the next year. We have made a couple of offers which were not accepted. One of the homes we bid on had oth...
Must the buyer attend the final walk through?
Must the buyer attend the final walk through? Dear Phyllis, I recently purchased a home. By the end of the process and for a variety of reasons I just didn’t want to have to meet the seller again. Although he knew I didn’t want ...
Timing the Final Walk Through
Timing the Final Walk Through Dear Phyllis, After a long search, we finally found the home of our dreams and are under contract to buy it. One thing that really doesn’t make sense is the final walk through. Our Realtor® explained t...
Does the buyer have the right to privacy during the home inspection?
Does the buyer have the right to privacy during the home inspection? Dear Phyllis, I am buying my first home and am both excited and anxious about the process. After looking at homes for more than two years, I finally found a real est...
