Opinion
War Stories: Selling During a Divorce
By Lew Sichelman | December 22, 2022 | Reprints | Unlock LinkIn a perfect world, a couple in the midst of a divorce would sit down together and calmly figure out what to do with their house. But, of course, this is not a perfect world.
Selling Need Not Be a Divorce Issue
By Lew Sichelman | December 15, 2022 | Reprints | Unlock LinkThere’s no one-size-fits-all when it comes to real estate. Each deal is different, and rarely does one go off without a hitch. But when it comes to divorce, selling a house becomes that much more complicated.
What Truly Counts as ‘Falling’ Prices?
By Lew Sichelman | November 24, 2022 | Reprints | Unlock LinkIt’s that time of year when everyone makes bold predictions about what lies ahead in 2023. But I have my own theory. Yes, prices are coming down, but that doesn’t mean sellers are losing out.
Lies Your Agents Tell You
By Lew Sichelman | November 17, 2022 | Reprints | Unlock Link“The check is in the mail” is one of the great lies of all time. Real estate has its own set of lies, especially among agents who want to list your house for sale.
Title Options Cheaper – But Scary
By Lew Sichelman | November 10, 2022 | Reprints | Unlock LinkAs part of Uncle Sam’s efforts to make housing more affordable, some lenders are starting to accept alternatives to expensive title insurance. But at what price?
Survey Unpacks HOA Gripes
By Lew Sichelman | October 27, 2022 | Reprints | Unlock LinkAn estimated 74 million home and condominium owners now live in properties governed by associations of their fellow residents. And a new survey finds 4 out of every 5 folks living with an association would just as soon live elsewhere.
Winter Buyers: Be Ready to Be Nimble
By Lew Sichelman | October 13, 2022 | Reprints | Unlock LinkBuying a house in the winter is a different animal, especially in colder climates where the weather can limit your ability to fully see a property.
Cons and How to Spot Them
By Lew Sichelman | September 29, 2022 | Reprints | Unlock LinkConfidence games come and go. But some seem to go on forever. And some real estate cons are worth remembering, if only because how successful they were.
How to Exit a Sales Contract
By Lew Sichelman | September 22, 2022 | Reprints | Unlock LinkThere are a bunch of ways to get out of your contract if you get cold feet. But failing to show up at the scheduled closing is not one of them. It’s wrong, and you could open yourself up to lawsuits.
Will FHFA Let Lenders Take Bite Out of Jumbo Market?
By Lew Sichelman | September 15, 2022 | Reprints | Unlock LinkThe mortgage market is in for another big shift in a few months. That’s when a sizable increase – roughly 12 percent or 13 percent – in the conforming loan limit appears likely to be announced.
For Homebuilders, Something Has to Give
By Lew Sichelman | September 1, 2022 | ReprintsHomebuilders are cutting back: not just in the number of bedrooms, but also the number of bathrooms and anything else where they can make their plans less expensive to build.
There’s Peril in DIY
By Lew Sichelman | August 25, 2022 | ReprintsMany do-it-yourselfers, especially rookies like me, aren’t as fortunate. More than 9,000 injuries chronicled in 2020 resulted in amputations.
This Clause Keeps Sellers in Charge
By Lew Sichelman | August 18, 2022 | ReprintsUp until a month or two ago, sellers were in the driver’s seat, but as buyers’ use of contingencies rise, they still have a trick up their sleeves to control a deal.
Buyers of New Construction Have New Tastes
By Lew Sichelman | August 11, 2022 | ReprintsMessy kitchens; concierge services; coworking spaces; connections to local businesses: These are what homebuyers want in new developments.
Sale Fees Don’t Always Jibe with Price
By Lew Sichelman | August 4, 2022 | ReprintsAt the same commission rate, real estate agents who sell an $800,000 house receive eight times the compensation of those who sell a $100,000 home. But does it take eight times the effort to sell the more expensive property?
Failed Deals Could Spell Bargains
By Lew Sichelman | July 28, 2022 | ReprintsThe tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates.
Act Quickly to Avoid Foreclosure
By Lew Sichelman | July 21, 2022 | ReprintsExperts say that a 2008-style housing crash is unlikely to happen now, if only because lending standards are much tighter than they were prior to the Great Recession. Still, foreclosures are starting to tick upward.
Title Theft Company Lies to Consumers
By Lew Sichelman | July 14, 2022 | ReprintsCalculating people are always looking for ways to separate the rest of us from our money. Such, it appears, is the case with Home Title Lock, an outfit that promises to “protect” you from home title theft.
Listing Data Can Come Up Short
By Lew Sichelman | June 30, 2022 | ReprintsThree out of four homebuyers start their house hunt online. But if that’s the extent of your search, you could be missing out on any number of places that fit your parameters.
Signs Are Still Silent Salespeople
By Lew Sichelman | June 23, 2022 | Reprints | Unlock LinkSome sellers have a good reason for not wanting one. But for most people, “For Sale” signs are a 24-hour marketing tool that shouldn’t be ignored, even as house hunts mostly start online.