Real Estate Advice category archives

Zillow user Muddslide says in Zillow Advice:
I’m a first time home buyer and have saved 200,000. I’m looking for a great deal, but am really gun shy.
It’s nice to hear there really are people who have been careful and not been sucked into the subprime seducements of the past few years. What would you do?

mckylie (who has over 5,000 contributions on Zillow, BTW), asks in Zillow Advice:
What is the best way to remove wallpaper?
Do you have any tried and true ways? Please chime in!

Diane Wheatley of MoveUpProperties asks in Zillow Advice:
Foreclosure. vs Short Sale. Which is Better?
When you consider the tax consequences, future ability to purchase a home and the length of time involved for all, is there a true benefit to a short sale vs. a foreclosure sale?
Do you think you know the answer?

Good question in Zillow Advice by Kelly Roehrich:
What is the success rate with loan modifications using an attorney?
Do you have any experience doing a loan modifications with an attorney’s assistance? Can you give Kelly some advice?

Over in Zillow Advice user Mnikishyn asks:
From what I already know, a fixer upper offer is always contingent upon inspection (listing price-price to fix it to a livable point). But what else do I need to think about?
She continues -
There’s property that I am interested in, priced at $365K. Realistically, I’d like to get it [...]

Over in Zillow Advice user Elipe asks:
What are the main causes of a damp basement?
The question continues -
Is it a bad sign if the sellers have a dehumidifier in the basement?  What is the best remedy to dry out a basement?  How much does this cost?
Do you have advice for Elipe on what causes [...]

Zillow’s own Spencer Rascoff asks the question on Zillow Advice on behalf of a friend buying the property she had been renting: 
Renter who is buying house in Seattle seeks flat-fee advice
The thread has some great advice from agents, including that it should be inspected by a professional, even if the renter has been living there [...]

A Zillow user with the profile name box4040 asks the question on Zillow Advice:
At 62 years old, should I buy a home or keep on renting?
Here’s more from box4040:
I qualify as a first time home buyer having sold my home 5 yrs ago. I have great credit and have a pre-approval letter from a lender.  [...]

Wow, are FSBOs really selling? In that case, here’s a question on Zillow Advice from duncanpriced2sell:
As a FSBO should I get a real estate agent to prepare paper work, e.g. contract for sale, title ins.

Reggie15 asks on Zillow Advice:
“Is our daughter considered a ‘first time home buyer’ for the purpose of the 8,000 tax credit?”

The worried parent continues:
“We purchased a condo six years ago and added our daughter’s name to the deed.  We paid cash for the condo - we paid the homeowners and the taxes, and she [...]