September ’20

Dear Monty column: Is raising the price $5,000 for buyer closing cost illegal?

I recently sold a home, and the buyer didn’t have enough money for closing costs. They asked me to sign papers that raised the purchase price $5,000. I want to know because the buyer got $1,000 of my hard-earned money. On the day of the closing, I hadn’t cleaned everything, so I told his lawyer I needed another day to finish up. They agreed, but I thought it was midnight the next day, and it was noontime. I made a mistake, so legally, they can do that. I want to recoup my money the same way they took it from me.

Thomas W. Schmidt | Books of My Life

Thomas W. Schmidt is a manufacturing veteran with many years of leadership in numerous local plants, including Barbco, Inc.; Harrison Paint; Heinemann Saw Co., and Georgia Pacific. At Barbco, he is the operations manager. While at Georgia Pacific, he led two ISO 9001 certifications, both resulting in “On The Spot” certifications, which occurs less than 2% of the time.

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?

Where to buy

The Repository
Select Rite Aid Stores
Spee-D Foods
Buehler's Fresh Foods
Fishers Foods, including 44th Street NW, Tuscarawas St. W, Fulton Drive, Lincoln Way E. and Cleveland Ave. NW locations
Aultman Hospital Gift Shop
Mercy Medical Center Gift Shop
Gervasi Vineyard Marketplace
Carpe Diem Coffee Shop, downtown Canton and Belden Village Mall locations
News Depot
Avenue Arts Marketplace
Yum Yum Tree Alliance
Grapes in a Glass