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Denise Manderfield's Advice

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Denise Manderfield wrote:

How can I avoid to purchase a "lemon" house? Where can I find out the problems?

Answer
The single most important thing you can do to avoid a "lemon" when buying a home is to have a home inspection. Be at the inspection if you can, and ask the inspector lots of questions. The report he/she writes is like the guidebook to home ownership. Keep it with your other important house papers.The second most important thing is to purchase for yourself or ask the seller to purchase a home warranty. I include this in most purchase contracts I write. Although not perfect, home warranties do cover most major mechanical systems of the house, appliances, electrical, plumbing, etc.No house is perfect, even new construction homes. When calculating how much home you can afford, make sure and budget money every month for maintenance. Set a certain amount aside, and then when a problem arises, you will have cash available to handle it.
May 15 2010
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How to select a realtor?

Answer
The most important aspect of this question is that you have a good relationship with your agent, whether the agent is the listing agent or a buyer's agent. Agency relationships may vary from state to state, but in general you as the buyer are entitled to representation, regardless of whether you have your own buyer's agent or you "share" the listing agent with the seller. You might meet the listing agent at an open house, and if you decide you want to buy that house, you can easily use the listing agent as your agent too. If you are not comfortable with that, start interviewing buyer's agents, using referrals, searching the internet or calling brokers for suggestions. The agent you select should be able to explain in detail the differences in agency relationships. Good luck!
May 15 2010
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As real estate agents, how do you present comparables to buyers?

Answer
Hi Crawford,The internet is a powerful tool in many ways. Information like the kind your agent was able to find in five minutes is available to any real estate professional. I think her presentation of the information was perhaps more disappointing to you than the facts she found. Nevertheless, I always try to present a market analysis with firsthand knowledge I have of the area and point out similarities and differences to the subject property. That way, my clients and I can decide together on an offer price.Good luck with your purchase.
May 15 2010
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