Dear David, These days, asking prices are intentionally being kept well below a property’s market value. What happens if the highest offer a seller receives matches this “undervalued” asking price? Is there a penalty if the seller rejects the offer? I don’t want to get burned. – PRICING PROBLEMS DEAR PRICING: Thanks for a great
MPAC valuations are, at best, a single snapshot within a four-year assessment cycle.
Dear David, I was at an open house listed at $500,000. In the listing, I noticed that the taxes on the property were based on a value of $335,000. In my opinion, this house is a gut job. How can the agent believe someone will pay that price, then still spend a fortune on renovations?
Dear David, With the spring thaw, we are nervous about a foundation leak. Our basement is finished, how can we tell if we have an issue? – WATERMARK DEAR WATERMARK: If you see evidence of a leak, a finished basement can make it harder to identify the source, but there will be clues. Don’t tear