Ask a REALTOR: Do I Have to Make Repairs Listed on the Appraisal?

Q: I’m selling a home and the appraiser has said that significant repairs are needed. Am I required to make these repairs? A: Depending on how your purchase contract reads, you are typically NOT required to make repairs. In other cases you may be required to make repairs up to a certain dollar amoun

Seller Failed to Disclose Important Information

Q: I’m buying a home and my insurance agent found a prior claim for water damage that the seller didn’t disclose. What should I do? A: Sellers and their agents are required by law to disclose any facts about the house that materially affect it’s value. If you work within the timelines of your contr

What is a Buyer Broker Agreement and Why Do I Have to Sign One?

Q: My agent wants me to sign something called a buyer broker agreement. What is this and why should I sign one? A: The buyer broker agreement is a contract that clearly outlines both the buyer’s and the agent’s expectations and helps to ensure that each party does what they say they will do. It is

Why Isn't My House Selling?

Q: My house has been on the market for more than a year. Why isn’t it selling? A: At the end of the day, there is really only one reason a house doesn’t sell: THE PRICE. The trick to getting the best price for your house is to show potential buyers it’s VALUE. Now, I’m not suggesting that you lower