homebuying

Dear Monty column: Timing your real estate transaction

Our home has been on the market for one month. We started at $698,500 and reduced it to $685,000 after two weeks. The house is 3,564 square feet in a desirable older neighborhood. We’ve had two showings and much positive feedback. The only negative is that we have no backyard. Our agent now is recommending we lower the price again. We are not in a hurry to move as we have no other place in mind. Do we lower the price or take it off the market and relist it when we are ready?

Dear Monty: 10 facts to help you find the best mortgage loan

How can I find the best mortgage loan? Monty’s Answer: I answered this question several years ago, but it bears repeating. Comparing the cost of mortgage loans is a challenge for most mortgage shoppers. Do this before you look for your home. The most helpful lender may also have the best preapproval letter. Here are 10 facts to help you find the right loan.