Our offer price did not take into consideration the cost of dealing with that issue and we are debating whether to reduce the offer price, walk away from the deal or sign it as it is.Has any of you dealt with a UST before?

It's very possible that the comps used in the November appraisal were on the cusp of being too old, and now -- 5 months later -- they are certainly too old to be used.It's also possible that one or two of those older comps was propping up the value of your property, and with them now gone, the value has dropped considerably. 15% is really not that big of a drop if one or two of the better comps is now too old to use.That said, get the appraisal and take a look for yourself.

I am trying to find if I need to take any special considerations regarding the pond if I rent the place out.

Family Office" is a term used for a wealthy family that has considerable wealth and creates an office to manage the family wealth.

But taking your adjustments into consideration, then I'd subtract 13k from 94.5 and come out with 81.5k.

Check this out. http://www.zillow.com/homedetails/1217-E-Barrett-Ave-Madison-Heights-MI-48071/24654762_zpid/ This is a nice home in a working class Detroit suburb.

@Brandon Holtzinger,You have left out critically important information that must be considered in order to come close to providing you with options for your specific case.It would be wise to seek advice from a licensed professional tax and financial planner to make sure your considerations best fit your present status, strategy, and future plans - including building an estate.

One consideration left out would be an estimate of vacancy, even between renters, which would reduce that figure.

As used in this chapter: (A) "Real estate broker" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration does any of the following: (1) Sells, exchanges, purchases, rents, or leases, or negotiates the sale, exchange, purchase, rental, or leasing of any real estate; (2) Offers, attempts, or agrees to negotiate the sale, exchange, purchase, rental, or leasing of any real estate; (3) Lists, or offers, attempts, or agrees to list, or auctions, or offers, attempts, or agrees to auction, any real estate; (4) Buys or offers to buy, sells or offers to sell, or otherwise deals in options on real estate; (5) Operates, manages, or rents, or offers or attempts to operate, manage, or rent, other than as custodian, caretaker, or janitor, any building or portions of buildings to the public as tenants; (6) Advertises or holds self out as engaged in the business of selling, exchanging, purchasing, renting, or leasing real estate; (7) Directs or assists in the procuring of prospects or the negotiation of any transaction, other than mortgage financing, which does or is calculated to result in the sale, exchange, leasing, or renting of any real estate; (8) Is engaged in the business of charging an advance fee or contracting for collection of a fee in connection with any contract whereby the broker undertakes primarily to promote the sale, exchange, purchase, rental, or leasing of real estate through its listing in a publication issued primarily for such purpose, or for referral of information concerning such real estate to brokers, or both, except that this division does not apply to a publisher of listings or compilations of sales of real estate by their owners;

We currently meet in Glendale Heights and are working on a contract with a venue in Oak Brook right now (a lot closer for you) but nothing set in stone yet.