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Do renters make good neighbors?

By | August 19th, 2022|

Do renters make good neighbors? A condo owner wants to know if she should worry that her fellow owners rent out their homes. Q: I live in a nine unit self-managed condominium building. Over the years, the board members rented out their units. In one year, two units sold and a third unit is up [...]

How to Plan a Move Before Retirement

By | August 18th, 2022|

Should You Plan a Move Before Retirement? How to handle a sale and purchase of a new home and move before retirement? Q: I used to listen to you on the radio in Atlanta and I’m hoping you can help me now. My husband is 65 and I’m 63. We live in a home that’s [...]

Condo Living: pros and cons

By | July 7th, 2022|

Condo living: pros and cons of a small HOA Q: I purchased my condo in July 2021. Since then, the condo board put through a special assessment for $120 per month for the next 84 months to pay for “unsafe balcony” repairs. This was not disclosed at the time of my closing. Condo HOA is [...]

Buying a Home With Family Doesn’t Always Work

By | May 20th, 2022|

Buying a home with a family member can cause problems down the line.  If you're buying a home with family doesn't always work. If you're buying with family members you can lose the value of your investment and the relationship with your family at the same time. Is it a good idea to buy a [...]

Home Value: How Much Is My Home Worth?

By | May 20th, 2022|

A reader asks: What is my home value? How does my home's value compare with others? How much is my home worth? Have I lost money?  All homeowners ponder their home value. They wonder, "How much is my home worth?" With home values and skyrocketing over the past 5 years and mortgage interest rates climbing, [...]

How Much Can I Afford For a Home?

By | May 9th, 2022|

How much can I afford for a home? With home prices skyrocketing over the past few years, home buyers are worried about affordability. Q: How much can I afford for a home? I retired in 2020. My long-term plan was to move to a single level home. I've delayed it due to Covid but hope [...]

Calculating Capital Gains

By | May 9th, 2022|

Calculating capital gains on sale of a home is tricky. Especially if you've made improvements to the property. Not everyone enjoys calculating capital gains on the sale of a home. It requires keeping close track of the cost of improvements made to the property over the years. Over the past few weeks, we’ve fielded a [...]

What is a release of mortgage letter?

By | April 22nd, 2022|

What is a release of mortgage letter? How do I get a release of mortgage letter from my lender?  Q: I just read the article regarding the lady that has not received her release of mortgage letter from her lender. If it was my lender, she will not get the release of mortgage until she [...]

How Much Does it Cost to Own a House?

By | April 18th, 2022|

How much does it cost to own a house? Inheriting a house that you haven't lived in may mean you'll face unknown expenses. What else can you do?  Q: My widowed sister owns a modest home in DuPage County, Illinois. It’s entirely paid off. Her intent is to leave her house to me–she has no [...]

I don’t have a lease and I can’t afford the rent

By | April 1st, 2022|

I don't have a lease and I can't afford the rent. The current landlord is selling. What can I do? Q: I am in somewhat the same situation as the article you wrote about a new owner raising the rent on their existing tenant. In my case, the owner of my apartment died and their [...]

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