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Tony McMahon

Answers by Tony McMahon

4 answers · 20 pts

Should I buy a house with cash?

Asked by Taylor L | 12-28-2022

Tony McMahon
Tony McMahon01-02-2023

Would you be cash strapped by using all of your cash and or investments, are your investments making you enough money to offset the higher mortgage interest rates? There are many variables to consider. A good down payment and an interest rate buydown may be the better option. You could also look for a home that offers an assumable mortgage as many home owners purchased or refinanced at much lower rates than the current ones.

Tony McMahon
Tony McMahon01-02-2023

Yes you can, and the terms to do so would be outlined in your Listing agreement with the Brokerage. I would first have an honest conversation with your agent and the Broker and explain your displeasure. As a seller you must also be open to honest opinions concerning the price, location, condition. Agents often are able to solicit feedback from the showing agents and what they and their clients say and feel about the property and why they are not willing to move forward with an offer.

Tony McMahon
Tony McMahon01-02-2023

Commercial leases are usually very specific, and who is responsible for what would certainly be covered in the agreement.

How do I find the value of an unoccupied home?

Asked by Jacquelyn | 11-30-2021

Tony McMahon
Tony McMahon12-04-2021

Contact a local Real Estate agent and ask if they would do a CMA for you. Most would do it for you at no charge in hopes of earning your business. They can also give you helpful hints on what you could do to raise the value.