Troy Segal

Troy Segal is Senior Homeownership Editor for Bankrate. She handles topics relating to the physical and financial health of homes, from upkeep and maintenance to building equity and enhancing value. She also edits stories on the finer points of mortgages and home equity loans.

Troy first became interested in money matters at her mother’s knee—as her mother researched Treasury bond interest rates in the business pages of the newspaper. She grew up to become a staff editor at Business Week for six years, where she created a personal finance section, alternating money and wealth management with real estate and home renovation topics. Later, as Social Issues editor, she oversaw cover stories on education, healthcare, and workplace diversity.

Throughout her 30-year career, she has also written and edited articles about investments, taxes, banking, real estate and other financial subjects for Investopedia, Business Insider, Worth, and Entrepreneur. On the lighter lifestyle side, Troy's experience includes covering dining and theater (for Zagat Survey), fashion and clothing design (for Women's Wear Daily), and travel (for Where New York). Even when not on staff, she enjoys exploring all these fields, along with playing tennis and reading vintage mystery novels.

Whether it’s finances or food, Troy is constantly fascinated by the ways in which money and life intersect, and the social and cultural issues reflected in service journalism. She’s a firm believer in the importance of financial literacy.

Find Troy beyond Bankrate

• “Property taxes by state,” featured in The New York Times
• “73% of aspiring homeowners cite affordability as their primary obstacle,” based on our Financial Stability 2023 survey, got 15 of the top- and mid-tier mentions, including Forbes and Market Insider

Troy wants you to know

My father had died, and I was selling our old home. I’d accepted an all-cash offer, but once in contract, allowed the buyers a generous (nearly three month) period to inspect the property, plan their renovations, etc. Even though the place was being sold “as is” (in its current condition), they kept questioning the condition of everything, which I dutifully answered or provided paperwork on. Then, roughly one week before the scheduled closing, a new issue reared its head: They suddenly got scared the house had asbestos. Would I pay for a special inspection, and removal if it were true? Or else, the implication was, the deal was off.

I nearly panicked: Could I afford — financially and emotionally — to put the house back on the market, especially since the prime summer selling season was nearly over? But after a quick look at our purchase-and-sales agreement, clarity returned. “Remind these folks of the contractual facts of life,” I instructed my real estate broker. They had agreed – in writing — to buy the home as is, meaning with no repairs or concessions on my, the seller’s, part. That was our deal. If they reneged now, I would sue them for breach of contract (and win, a real estate attorney told me).

It took a tense few days, but the closing went through as planned. I like to think that my dad — a well-respected lawyer and negotiator— had been guiding me in spirit. But you don’t need supernatural help in home transactions. Just decide what you want, stick to your guns — and get everything in writing.

Troy's recommended readings

• A woman of property: Facts about women in real estate
• What is redlining? A look at the history of racism in American real estate
• 5 things to know before you tackle an expensive backyard makeover