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January 4, 2013     Cape Gazette
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January 4, 2013

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cape (00azette BUSINESS & REAL ESTATE FRIDAY, JANUARY 4- MONDAY, JANUARY 7, 2013 37 Long-distance amateurs need professional help era] real estate brokers, even if they are half an hour away. In- vestigate local newspapers and the internet to see if it's custom- ary to use auctioneers in that area, and if so, contact them also. Then after you've listened to (and learned from) everyone, pick an agent and put the matter in his or her hands. Choose a broker who shares information through a multiple listing sys- tem, or if there isn't one avail- able, a broker who promises to cooperate with other agencies. If you do take back financing, hold out for a substantial down payment, a clean credit report and proof of dependable income from your buyers. Who is at fault? Dear Mrs; Lank: My grand- daughter and family recently pup chased and moved into a large, older, renovated home. A rep- utable, experienced person com- pleted the home inspection. Since closing, the washer has leaked, smoke alarms (hard-wired) go off at all hours, and the roof leaks. Who should they call? Are they iust out of luck? - L. D. Answer" I don't think we can fault the inspector for not testing the washing machine or antici- pating an erratic smoke alarm problem. If the sellers are still in town, I suppose your grand- daughter could take them to small-claims court to see what a judge has to say. She'd want to take in a bill from the electrician who fLxed the smoke alarms and an estimate on replacing the washer. She'd better check first, though, whether she signed any- thing at closing accepting appli- ances in their current condition. I do think a home inspector should have caught a roof prob- lem, though, and that one may really be worth going to small claims about. Again, she needs to specify how much she's ask- ing for, with either a bill or an estimate from a roofer. To sue the sellers, she should have some proof they knew about the leak. How toinherit Dear Edith: My domestic part- ner and I have been in a relation- ship.for 28 years. He owns the house we live in but would like to leave it to me when he passes. What is the best way for him to leave the house to me? The house is paid in full. - T. Answer: It's a simple matter for your partner to sign a will leaving the house to you. I don't know your exact situation, but if he has a wife, that may compli- cate matters. In any event, the lawyer who draws up the will can give him information and Dear Ms. Lank: I recently inher- ited over five acres in another state. It has a house (needs a new roof) and business potential as it is at the intersection of two high- ways. Realtors are over 20 miles away, so I'm not sure they would be moved to put a lot of effort into showing it. Should we put up a large "For Sale by Owner - Business Oppor- tunity" sign and see if we get any offers? I might be able to arrange for our caretaker to show the house. Should we offer owner fi- nancing? Thanks for pointing us in the right direction. - J. Answer" You need professional help. Don't try to do this as long- distance amateurs. If you put up a sign, how would you decide how much to ask? Are you sure the property is zoned for a busi- ness? Will it be absolutely neces- sary to take back a mortgage? How would you judge if that were safe? Ask for free advice from sev- advice. tea0000pa00 Dear Ms. Lank: This is not a question but a comment about the column in which you advised sell- ers how to dispose of old paint. I find it much more helpful when sellers leave cans of paint that were used recently on or in the home, so the buyers can use the paint for touch-ups. - Email Answer. Thoughtful advice, as- suming the paint is, as you say, recent. Cla't em I Ivaw Dear Edith: My wife owns an in- vestment property that is fully Continued on page 38 LINDA BOVA Managing Broker 302-542-4197 (cell) SEKBOVA BRIDGET BAUER B" Associate Broker 302-227-1222 (office) HEARTHSTONE MANOR - Milford, 1,655 sq. ft. 3BR/2BA Potomac Model features sunroom & deck w/pergola. 12' vaulted ceiling ir Great Room Kit w/island & pantry. 2-car garage. Energy Star. Natural gas. Options available. Base Price $224,900.4 other Models. too. RIVER ROCK RUN- Milton. 2,082 sq. ft. 3BR/2.5BA Hawthorne Model features 1st-floor master suite. Great Room, eat-in kit. formal' dining & I st-floor den. 2-car garage. Energy Star. Options avail, including basement. 3-car garage & more. Base Price $254,990. 6 other Models. too. HEARTHSTONE MANOR - Milford. 1st-floor Villas are approx 1,400 sq. ft. 2BR/2BA w/l-car garage 2nd-Floor i Villas: approx 1,750 sq. ft. w/2-(;ar garag e & vaulted ceilings w/elevator option. Energy Star. Natural gas. Other options available. Base Price $169,900 - $179,900. WOODS COVE - Rehoboth Beach. 4 floor plans: 1st-floor & 2nd-floor Villas w/t- or 2-car garage. 1,264 to 1,786 sq. ft in size & all have screened veranda. Elevator option for 2nd-floor units.Soundproof & Energy Star. Many options available. Base Price $199,990 - $219,990. HEARTHSTONE MANOR - Milford. 10 floorplans in elevator building. 1st- & 2nd-floor Units have 1-car garage, 3rd-floor features vaulted ceilings. 2- & 3-bedroom condos are 1,126 : 1,378 sq. ft. & all have screened porch. Energy Star. Options available. Base Price $139,900 - $164,900. RIVER ROCK RUN - Milton. 2,114 sq: ft. 3BR/2.5BA Chadwick Model is a rancher featuring large kitchen w/ hall pantry & breakfast nook. Formal dining room. Energy Star. Options avail, including 3-car garage, sunroom & more, Base Price $29,990. 6 other Models, too. 20250 COASTAL HIGHWAY, SUITE 3, REHOBOTH BEACH, DE 19971 office 302-227-1222 toll-flee 1-877-SEA-BOVA email L