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Show jy : ' , yHAT'S YOUR PROBLEM? Real Estate r. Meltzer On to get rid of the house. He During the pest month, the ey marcolumn has been flooded with blames the My selling cost will an avalanche of letters from ket. to almost 20 per cent. property owners complaining come that suddenly the cost of sell- Its astounding! Why? What advice can you offer? ing a house has reached astronomical proportions. In many Mr. B.W. cases, the selling costs are enough to wipe out an equity Answer: The new econo that has taken years to acin Washingmics manipulated cumulate. the Invariably ton a real have produced question is "What shall I do? headache. Funds for mortgages have almost The little that disappeared. is available commands a very Dear Mr. Meltzer: In all your years Pm sure high interest rate and discount. Currently discounts you have never heard a story high as 10 to 15 per cent like mine. I bought my house as six years ago, made a $1,00C are being quoted for FHA Conventional down payment and secured a Mortgages. mortgages are almost as bad. three-ye- ar Now When mortgage. cme adds in commissions Im selling the property for and other charges, total sell$500 more. Yet, after six cost of 20 per cent and years of mortgage payments ing arent unusual in tothe agent tells me that it will highermarket days cost me $1200 more in cash This state of affairs cant tight-mon- , i continue for long. However, was told that they had come on it will probably be several hard times and did not have any months before an adjustment money for fuel so they started takes place. Therefore, my burning the wood in the house advice would be that in areas to keep warm. They moved where high discounts prevail out whan there was no more that property owners post- wood to burn. Did you ever pone selling, except in cases hear of such a story? What1 of dire necessity, until the do I do now? Mr. F.H. mortgage market becomes "i normal once more. Answer: I must admit I have never heard of such a tale. I am grateful to this reader for an unusual story to include in Dear Mr. Meltzer: A real estate broker told us my book. My advice would be he could get about $18,000 for to get rid of what remains for our home. Acting on this land value and declare the loss information, we signed an for income tax purposes. This agreement to purchase an- is the only hope of recapturing other home for $25,000. Now, anything from the investment. Our reader could sue for after three months the best offer he has developed is damages, but as a practical $14,000. At that price we matter, the judgment would dont have enough money to probably be uncoUectible. He settle for the new house and could also swear out a warrant will lose our deposit What for malicious destruction of can we do to the broker that the property if that would give him satisfaction. After his got us into trouble? attorney stops laughing, he Mrs. L.W. should be guided by his advice. Answer: The problem aris- es because the kitchen exhaust fan is of inadequate capacity. It should be capable of chang- ing the air, every three minutes. Calculate the volume of your kitchen by multiplying the length by width by If you divide the height answer by 3 you will now have the proper size fan required to eliminate your problem. Dear Mr. Meltzer: My basement fuel oil tank has sprung a leak. Before the heating season starts I will have to replace it Nobody I know has ever had such a job in their home. Could you tell me the approximate cost? Mr. J.K. Answer. The typical approximately NEAR COTTONWOOD MALL Outstcrdlnq 2 yr. old Brick Ideal Family home with Its 5 bedrooms, 15 x 22 size LIv. Rm. with carpets, Drqes, end Fireplace, Dining Rm. ModBl-Le- vel. ern Kitchen Finished Lower Level, 2 Car Garage. Near St. Vincents Catholic Church tnd Priced at $31,500. Call Bill Cocorlnls or Jim Paloukos f) 277-48- 42 467-83- 59 SS91-- ipe&r 1 ! When -- V. h. way. What fr imnrirWhhiw OLYMPUS PARK BEAUTY 5 Spacious Bedrms., Huge Carpeted Living Rm., Din. Rm., 2 Fireplaces, Kitchen with ail Bullt-ln- s, Finished Bsmt., Garage and Patio. Reduced to $36,950. Call BUI Cocorlnls or Bill Scott ths, 277-48- 42 487-71- 55 n V n r.-- T , .mifi,, p i 466-865- 8- 14 x 16 x 26 living rm. with fire- dining rm, with parquet floors. 5 the rent was paid promptly so I never bothered looking at the house. Then the rent stopped and I went to investigate. I found the tenants gone, but this is the least of my problem. All the floors, doors, trim, and joists in the three-sto- ry house were gone. All that remained was one big enclosed by four open area ' walls. After much searching, I discovered the former tenants. I asked them what happened. I years bdrms. plus 3 baths. Finished Basement. large amusement rm. FOR PRIVATE SHOWING CALL: old. uoa Hot water heat. One cast 33fto sg J saltlaac city Utah Phone 486-977- 8 'rf-r-- YOUR COMPLETE , PAIMT HEADQUARTERS FULL LINE OF 42. COSUGAR HOUSE REALTORS YI177-Simpson Ave. s place. 21 run-dow- -12 D breathtaking view. to you. I bought a house cheaply in n a section of our town and rented it out For two Brick Rambler Baths, Lg. LIv. Rm., with new Wall to Wall Carpets. Eating space In Kitchen plus Bullt-ln- s, Plenty of Storage Space, Attached 2 car Carport, Well Landscaped Lot for $21,750. To See Call Bill Cocorlnls 277-48- of Mr. Olympus Cove on large wooded lot with silly SPARKLING 3 BEDROOM ART SUPPLIES ACME PAINTS in- (Released by The Register ana Tribune Syndicate, For the discriminating buyer. Nestled at the base Dear Mr. Meltzer: I have a serious problem! I would appreciate a reply although it may appear odd and - The 1966) Individuality, Plus Quality 1 ... is it? Mrs. I.C. ; vA 4 $75. stallation cost is about $50 Dear Mr. Meltzer: I have a new house. Im to $60. If your tank has a 500 --gallon capacity, it will happy with it except for cooking odors in the kitchen. The cost about $135 and the Inonly way I can prevent odors stallation cost will be about from penetrating to the rest $70 provided no special rigof the house is to close the ging or fittings are required. doors. There, must be abetter the real estate broker told you he. thought he could get $18,000 for your home, it represented his judgment. There is an old maxim that judgment is as as the man behind it. pparently, in this case, it was not too good. There is not too much one can do about poor Judgment. This problem could be avoided it, before acting, the estimate of the real estate broker was checked by an independent professional real estate appraiser. Better yet, the following is a good rule to follow based upon my years of experience: A property owner who must depend on the proceeds of one house to buy another should- - never commit himself until he has a firm agreement of sale for his home. Answer. el- liptical basement fuel tank has a capacity of 275 gallons. The cost of such a tank is 0113 4699 Wilmington Ave. Holladay Btvd. 485-173- 277-732- 1 4 Extra year |