Don’t remove contingencies when buying a house

By Linda Goodspeed, Correspondent
 |  Wicked Local

Q: We have been looking for a new home since the spring. There have been at least a half a dozen properties that we liked and made a bid on. Each one has had multiple bids and our offer was not selected. What do you think about removing some of the contingencies from our offer, such as appraisal, financing and home inspection, in the hopes that the lack of contingencies will make our offer more attractive to sellers. Good idea?

A: You are right about the state of the market in many areas. A lack of inventory, coupled with low interest rates and lots of buyers, has resulted in a very competitive landscape for buyers in many communities.

But removing contingencies from a contract is not the way to make your offer more attractive to sellers. Contingencies are there for a reason:

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Penguin Random House is buying Simon & Schuster. That’s bad for readers.

It’s a small world after all. And if we don’t speak up, it will become smaller.

a sign on the side of a building: The German media giant Bertelsmann, which owns Penguin Random House, said on Nov. 25 that it is buying the publisher Simon & Schuster from ViacomCBS for $2.17 billion in cash.

© Michael Sohn/AP
The German media giant Bertelsmann, which owns Penguin Random House, said on Nov. 25 that it is buying the publisher Simon & Schuster from ViacomCBS for $2.17 billion in cash.

Penguin Random House, already the largest trade publisher in the country, has announced plans to buy Simon & Schuster from ViacomCBS for about $2 billion. If the deal goes through, the Big Five publishers will become the Big Four — or, really, an industry version of the Big Bad Wolf and the Three Little Pigs.


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For book lovers, that development may feel like background noise. After all, when looking for something good to read, we choose authors and titles, not publishers.

But don’t turn the page on this news yet. No matter what soon-to-be-enriched executives say, the proposed consolidation

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A house by the lake or the sea? Why families buying second homes are choosing the former during COVID-19

This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2020. All rights reserved. 

In the world of waterfront living, the nation has long been divided into two distinct groups: ocean people and lake people.

Ocean communities have often won the popularity contest. They are a mecca for trendy urbanites attracted to the therapeutic sounds of the crashing waves, the wide sandy beaches and indulgent social life. Lake communities, in contrast, offer still waters where residents can reflect and lead a quiet, yet active, country life. 

But perceptions are shifting and the nation’s lakes and ponds are becoming more popular with all types of families. It’s just one more way that the COVID-19 crisis is reshaping the way we live. An increasing number of vacation-home buyers want safety, they want to distance themselves from

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What not to say to your neighbor when approaching them about buying their home

My wife and I have the perfect home for our family of two boys, ages 10 and 12, but I know we can’t age in place in our multilevel 1950s brick ranch with stairs all over the place. I’d like to write these neighbors a tactful letter indicating my interest in buying their home. I would buy it privately, should they want to sell, based on three appraisals. I’d pay for one, they’d pay for the second, we’d share the cost of the third and then we would transact at the midpoint.

My intention would be to either rent the home, tear it down or make it into our family home. Should I move forward with this plan? And if you think it’s a good plan, what should I include in this letter?

A: Nice idea. Buy your neighbor’s house, tear it down and put up your “forever” house.

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Save thousands on buying a new-build house with Black Friday deals

Check out some of the new builds on offer (Picture: Nks Caroline)

Turns out electricals and beauty products aren’t the only things you can get on offer this Black Friday.

Developers are offering fantastic deals and savings on new-build homes.

From rent deals on shared ownership flats to free furniture, we round up the best homes on offer.

Chilmington Lakes, Ashford, Kent TN23, from £399,995

There are all sorts of Black Friday deals to be had on these spacious family homes in rural Kent (P{icture: Hudson Developments)

Hodson Developments is tempting purchasers with a number of deals on these rural three, four and five-bed houses: a reduced £99 fee, £2,500 cashback for reservations by the end of December, and £2,500 towards agency fees when using the assisted move programme to sell your current home.

SO Resi, Ealing W13, from £105,000 for a 25% share of £420,000

This swish development in
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My wife pushed me into buying a home because she provided two-thirds of the down payment. Now I’m stuck in a house I hate

By Quentin Fottrell, MarketWatch

‘We are now expecting our first child, which just adds to our financial responsibilities. I know I sound like an ass. Please help me see the light’

Dear Moneyist,

My wife and I purchased a home a year ago. I believe we overpaid by 20%, but the appraisal matched what we paid. I do not like the house. It is attached. There is noise pollution, and I don’t think the neighborhood is the safest. We spent most of our savings on the down payment, and the rest we invested in her business and a little in stocks.

The process of getting the house was rushed because, at the time, my wife and I were living with my parents in their house to save money. After a year of living there, my wife was adamant in moving out as soon as possible. We were looking for a

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Buying online this holiday season? Kansas might not be getting a cut of the sales tax. – News – The Topeka Capital-Journal

Shopping on Amazon, Etsy or eBay these days? The state of Kansas might not be getting a cut of the sales tax from what you buy, whether that is a shiny new Playstation 5 or some holiday decorations.

Due to gaps in state law, there is no sales tax collected from out-of-state merchants that conduct a transaction on behalf of a third-party vendor.

While this may seem to be a Byzantine distinction hidden in the annals of the state’s tax code, critics say it costs the state at least $30 million a year in revenue and puts brick-and-mortar businesses at a disadvantage.

The good news for bean counters and small businesses alike? There appears to be bipartisan interest in closing the loophole during the next legislative session.

“If we’re going to do something and try and raise revenue … that’s really low-hanging fruit,” said Rep. Jim Gartner, D-Topeka, and the

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Is Buying Real Estate on Craigslist Ever a Good Idea?

Craigslist has some advantages: Everyone’s heard of it, it’s convenient, and it gets lots of traffic. As of November 2020, it’s ranked No. 37 for all internet sites in America, according to Alexa (NASDAQ: AMZN). But Craigslist is kind of like a cheap motel off the interstate in a shady part of town: You could check in, but would that be the best decision? Would you feel safe and secure there? Here are some reasons you might want to buy real estate on Craigslist and why you might want to avoid doing so.

The pros

It’s easy

There are a couple of ways to find property on Craigslist, and both ways are easy. You could simply search for real estate for sale in your area. When you find something you like, contact the seller and take it from there. Or you could proactively place an ad yourself on Craigslist, letting

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Dawsonville Home Buyers, Bogino Properties Buying Houses for Cash With a Simple Three-Step Process

MILTON, Ga., Nov. 24, 2020 /PRNewswire/ — Bogino Properties is a one-stop real estate solution. Whether it be foreclosure, an unwanted rental property, need to relocate, or facing a divorce, Bogino Properties’ goal is to help homeowners take control of their situations, end the hassles, and provide financial freedom. 

Selling a house with a real estate agent is not the best solution for everyone. That’s where Bogino Properties steps in to provide a different and easier home selling solution for Atlanta residents. Bogino Properties has had the privilege of helping countless homeowners get out of stressful and burdensome home owning situations.

The company offers fast closing and cash offers. The process is simple and convenient for homeowners looking to find a quick buyer for their property. Simply start by giving Bogino Properties a call to provide information and necessary details about the property. A representative will get in touch to

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Research shows millennials are leaving cities and buying homes in suburbs

2020 has brought a lot of challenges, changes and trends.

One of the most noticeable trends is the movement of people – specifically Millennials and Gen-Z.

According to Business Insider, there’s been a noticeable migration among people ages 25 to 34 from urban areas to suburban areas.

The study from investment management firm Cowen and Company shows among the 2,700 people Cowen surveyed, 48% of Millennials reported living in the suburbs compared with 44% in 2019.

Those who reported living in cities fell to 35%, down from 38% last year.

Cowen saw a similar trend among Generation Z respondents, or those aged 18-24: 49% reported living in the suburbs, up from 41% in 2019.

However, the change might not be solely a product of the pandemic.

An example of this can be seen in New York City.

People are leaving the big apple for nearby cities and towns like Newark,

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