Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
Inheriting a Home: Options to Consider
Are you inheriting a home? There are several options to consider if you'll be the beneficiary of this sort of bequest and don't want to keep it. Inheriting a Home: To Keep or Sell Q: I read your column regularly and always find it very interesting and informative. I have a rather complicated question: My [...]
Investment Property Damaged By Tenants
Was your investment property damaged by tenants? If it was, can you recoup the costs to repair your investment property? Was Your Investment Property Damaged by Tenants? How Can You Recoup the Costs to Repair? Q: My wife and I bought a house in Maryland in early July 2022. The sellers wanted to stay in [...]
Neighbor’s House Fire Damaged My House
Neighbor's House Fire Damaged My House. Is our Neighbor Liable for the Damage? Q: We live in a townhouse. The unit attached to ours had a major fire. The fire also caused considerable damage to our home. We have been in temporary housing for the last 17 months waiting for our home to be restored. [...]
2023 Home Buyer Resolutions
Every year, Ilyce and Sam offer their readers New Year’s resolutions for home buyers, sellers and their personal finances. These are their 2023 Home Buyer Resolutions. My, how the tide is shifting for home buyers, sellers, renovators, investors, and owners. At the end of 2021, we wrote that “Covid is a trend accelerator.” When it [...]
2023 Home Seller Resolutions
Every year, Ilyce and Sam offer their readers New Year’s resolutions for home buyers, sellers and their personal finances. These are their 2023 Home Seller Resolutions. We feel like a broken record, but 2022 was still one of the best years on record for home sellers. Despite mortgage interest rates rising at an all-time blistering [...]
Getting Rid of a Timeshare Property
Options on Getting Rid of a Timeshare Property. Q: This is a comment regarding your article on getting rid of timeshare properties several months ago. I have two bits of information for disillusioned owners. Two of the major timeshare companies have a process where they can assist you in disposing of your timeshare ownership. Vistana [...]
Should I give my kids the house even if they won’t speak to me?
Should I give my kids the house even if they won't speak to me? When this question came in, it made me incredibly sad. When it comes to families, issues relating to Love, Money + Real Estate abound. In this case, the house represents so much more than four walls, a ceiling and a floor: [...]
What Can You Do If Your Mortgage Is Underwater?
What can you do if your mortgage is underwater? This homeowner wants to know if she can foreclose and move on, but that should only be her last resort. Q: I am a widow in my 70s and my mortgage is underwater. Can I just let the bank foreclose and move on? I don't want [...]
Real Estate Market Recap for 2020 and Housing Outlook for 2021
Real estate market recap for 2020 and housing outlook for 2021. An overview of how COVID-19 impacted real estate in 2020 and what to expect in 2021. Safe to say that 2020 will go down in history as a year like no other. Even, or perhaps especially, in real estate. Real Estate Market Recap for [...]
How to Manage Inherited Property Split Between Siblings
How to manage inherited property split between siblings. This reader wants to either buy his sister out or sell the property, but she refuses. Q: My boyfriend’s mother died several months back. He wants to either buy his sister out or sell the property, but his sister has refused his verbal requests to buy her [...]