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Split Level Homes In a split level home, the living spaces are provided at different levels. There are different styles of split levels and they all do not provide a comfortable and meaningful home for most homeowners, particularly families with older members and children. Those among us, who do not mind going up and . . . → Read More: A Split Level Home Is A Prison For The Homeowners White Stains In A Wet Hollow Block Basement Things Of Note According to a real estate agent, basements constructed with hollow blocks are common in the Cleveland area while in the Cincinnati area, basements are typically constructed with poured concrete. The height of the bottom layer of hollow blocks is about half that . . . → Read More: Efflorescence In A Wet Basement Credit: Peter Schiff
A cartel refers to a small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices. Larry MacDonald writes that according to Ned Goodman of Dundee Corp. the real estate industry is a
that derives its power by controlling access to the Multiple Listing Service. A study by Stephen Brobeck and Patrick Woodall of Consumer Federation of America titled How The Rel Estate Cartel Harms Consumers and How Consumers Can Protect Themselves states the following about the real estate industry, Begin Copy and Paste Can across-the-board 6% or 7% commissions be justified? We respond with a series of questions that suggest there is not one shred of a justification for this fixed price. → continue reading The Real Estate Cartel Real Estate Appraisal GuidelinesThe Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., the Office of Thrift Supervision and the National Credit Union Administration released the new guidelines for home appraisals. A copy of the guidelines document is available for download from the News and Issuances tab of the Office of the Comptroller of the Currency website.
Some real estate brokerages own their title companies and they try to steer → continue reading Dirty Home Appraisals Before signing a Home Purchase Agreement or Contract Form, home buyers may be strongly urged by a real estate agent and/or home mortgage lender that the buyer will need a pre-approval letter from the lender. This is a common practice in the self serving and closed looped real industry where a large group eats out of the same trough. The apparent advantage is that the home buyer can show the home seller that they are more likely to be able to buy the house, even though the pre-approval letter offers no guarantee. Further, the pre-approval letter information will also provide the real estate agent clues regarding the highest price the home buyer might be willing to pay for the home. Since the real estate agent’s commission is directly proportional to the home selling price, the agent might have an incentive to drag this selling price higher. The real estate agent works for the real estate broker and therefore has fiduciary responsibility to the employer, the real estate broker. Therefore obtaining a pre-approval letter is a disadvantage to the home buyer. → continue reading Home Purchase Agreement or Contract Form: Preapproval Letter Example of a Rental Property Occupancy Permit A Rental Property Occupancy Permit Brice Banctel, Kyle Mooney, Leila Sanii, Shuyi Wang of Case Western Reserve University, documented the pros and cons of a Rental Occupancy Permit Program in their study titled, Chagrin Falls, Ohio-A Study on the Impact of High Percentage of Rental Units on the Community. Pros of Rental Property Occupancy PermitHaving a database of rental units within the community would give the city a snapshot at any point in time of the renters who have to this date not been tracked. The city will know how many renters exist, where they are living, and how they can be contacted. If the city wants to contact the renters for any reason, they have the ability to do so. Cons of Rental Property Occupancy PermitThere will likely be some resistant property owners who reject the idea of an additional fee per unit → continue reading Solon Ohio Rental Real Estate Properties Occupancy Permit Discussed |
 I am a Civil Engineer from Louisiana State University. The compound word, Americaneer, is a combination of the words, American and Engineer. |
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