the real mccoy

The Real McCoy: Seller stealing home inspection rights?

Question: Dear Kari, My wife and I made an offer on a home which is new to the market. Our offer was only one percent off the seller’s asking price as my wife really wants ...

The Real McCoy: Should a seller work with a contingency sale?

Dear Kari, My husband and I have had our home up for sale for four months and we finally received an offer. We are thrilled as it is full price, but they need to sell their curren ...

The Real McCoy: Sellers find too many offers a big headache

Dear Kari, My husband and I had our home listed but it did not sell. We received 14 offers right away and it was just too overwhelming. We told our Realtor that we would probably ...

The Real McCoy: What changes are coming to FHA loans?

Dear Kari, I am finally ready to buy my first home. I spoke with my father and he said that if I do not hurry, I will have to pay extra insurance on the life of my loan. What is h ...

The Real McCoy: To buy a condo or not, that is the question

Dear Kari, I purchased my condo five months ago and I am really enjoying my new home. My problem is I just received a bill in the mail for $3,000 dollars from my home owners assoc ...

The Real McCoy: Why work with a backup offer?

Dear Kari, My husband and I have been trying to buy a house for the last two months. We have 10 percent down payment and we have our loan ready to go. In our area, there are just ...

The Real McCoy: Buyers seek clarification on escrow process

Dear Kari, My boyfriend and I just got our offer accepted on the home we wanted most. This is our first home and we are not familiar with the escrow process. Could you please expl ...

The Real McCoy: Will buyers’ dream end in a flash?

Dear Kari, Our agent has been showing us homes for over eight months and we finally gave up the dream of being homeowners. We could not find a home that seemed suitable for the bo ...

The Real McCoy: How does a ‘lease option to buy’ work?

Dear Kari, My wife and I have been hearing a lot of talk about renting homes then buying them later down the road. Could you let us know if this is a good way to get into the hom ...

The Real McCoy: How much does the homebuyer pay the agent?

Dear Kari, I am looking to buy my first house and I have all the information on the loan costs and fees. How much can I expect to pay a Realtor? Answer: This is a great ques ...

The Real McCoy: What is ‘no-cost’ refinancing all about?

Dear Kari, I was talking with my neighbor and he said he just refinanced his home loan and it did not cost him anything. He suggested I do the same. Is that true? Answer: As t ...

The Real McCoy: What exactly do you do in a walk-through?

Dear Kari, My wife and I bought a home and we have the loan and everything. But when we went to see the house on our “walk-though”, things did not look the same as we remember ...

The Real McCoy: How can an appraisal torpedo a purchase?

Dear Kari, We looked at roughly 45 homes and finally found “the one” and made the offer with our nerves on edge. We were so thrilled when the Realtor said we were the proud new ...

The Real McCoy: Couple seeks guidance after losing their dream home

Dear Kari, My wife and I made an offer on our dream home and this is our second time buying a home. Of course we must sell our current home to qualify for the new house. As soon ...

The Real McCoy: Why should I do a short sale on my home?

Dear Kari, I lost my job and I can’t afford to keep making my house payments. The only thing I see in sight is foreclosure, is there anything I can do to save my credit? Answ ...