Ask David

Porting a mortgage, what if we overpaid for our house?

Dear David, We’re ready to downsize. We still owe about $80,000 on our mortgage, which doesn’t come due for another 18 months. Would you advise we wait it out before moving? – FREEDOM 55 DEAR FREEDOM: If the time is right or you to downsize, your mortgage shouldn’t hold you back. Assuming you hold a

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Ask David

Should I buy from the listing agent? Condo Reserve Funds

Dear David, We’ve been visiting a lot of open houses lately. I’ve heard we can get a better deal if we buy directly from the listing agent. – EAR TO THE GROUND DEAR EAR: Sometimes buyers misunderstand the nature of the Realtor-client relationship and think they can get a better price on a home by

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Client vs. customer, Avoiding issues at closing

Dear David, We’re thinking of moving. We met an agent at an open house who wanted us to sign a 6-month agreement, so we could be “clients instead of customers”. What does that even mean? – NOT READY FOR COMMITMENT DEAR NOT READY: In real estate, the terms “client” and “customer” describe totally different relationships

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Electric Heat, Stuck in a Commercial Lease

Dear David, I have a townhouse with electric heat. I plan on selling it in five years. I’ve received a quote of $12,000 to install gas heat and air conditioning. In your opinion, would this be a worthwhile investment? – ZAPPED DEAR ZAPPED: The quick answer is yes. Switching to gas will obviously lower your

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Paying commission, Cancelling a listing

Dear David, In a recent column dealing with “no commission” real estate companies, you noted a great number of these sales involve a Realtor negotiating for the buyer, and that the homeowner would still have to pay commission to the buyer’s Realtor. As a seller, how do I justify paying the buyer’s Realtor for the

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