Jewish World Review Nov. 16, 1999 /7 Kislev, 5760
Value is what will sell
DEAR BRUCE: We own a house in the South with a $60,000 mortgage. While the house has been appraised at $190,000, we have had it on the market for $184,000 for five years. We did have an offer of $180,000, which we accepted, but the buyer had bad credit. This is a beautiful English Tudor house with 3,400 heated square feet, a two car garage, etc. I left it with the best real estate agent in town. We have tried others, and still no success. -- L.G., via e-mail
DEAR L.G.: Sales are a function of value in a particular market. Your home may be gorgeous, but if no one is willing to pay $184,000 for it, then it is clearly not worth $190,000. It is worth only what someone will pay. I suggest that if you really want to move, lower the price until it comes into sync with the rest of the market.
DEAR BRUCE: You had a query from a B.K. about Treasury Notes. You might have mentioned that another place they could look is at the Web site www.publicdebt.treasury.gov/sec/sectrdir.htm. This site is currently updated and contains all of the information plus downloadable forms of the treasury direct service. -- A READER
DEAR READER: Thank you very much for sharing this information. How in the world does one keep track of Web sites whose addresses are as long as "War and Peace"? I certainly appreciate your contribution.
DEAR BRUCE: I have an aunt who lives in Wisconsin, while I live in another state. She has no spouse or children, just a niece and sister-in-law. She would like me to be the executor of her will. Is it possible for me to be the executor, even though I live in another state? -- K.G., St. Charles, Ill.
DEAR K.G.: The Attorney General's office in Wisconsin directed me to the statute regarding appointing executors to estates (this information can be located at www.legis.state.wi.us). Statute 856.23 states that "nonresidency may be sufficient cause for nonappointment or removal of a person in a court's discretion." In other words, you may have to appoint a representative for yourself who resides in the state of Wisconsin to keep the courts from disqualifying you. Your aunt should consult an attorney to make sure she follows
Send your questions to JWR contributor Bruce Williams by clicking here. (Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided.) Interested in buying or selling a house? Let Bruce Williams' "House Smart" be your guide. (Sales of the book help fund JWR).
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