News About Properties

News about properties and real estate
November 23rd, 2014

Construction for seniors is surging in metro Denver

Balfour at Riverfront Park markets a resort-like lifestyle to seniors near the former Moffat Depot, a few blocks from the beating heart of Denver’s cultural and club scene.

“Nobody else is doing this. We believe this is the finest senior living community in the country,” said Michael Schonbrun, founder and CEO of Balfour Senior Living in Louisville.

InnovAge, a nonprofit health care and housing organization, has taken a different approach. It recently opened a 74-apartment complex in suburban Thornton with more limited amenities, but near a clinic it operates and at rents of $500 to $875 that are affordable to retired teachers, police officers and blue-collar workers.

via Construction for seniors is surging in metro Denver – The Denver Post.

November 23rd, 2014

Reverse mortgages are nightmare for some in Duval County, good deal for others

Mamie Rose wanted her last years to be simple.

She was already in her 80s. She bought her Northside home 40 years earlier. Her husband had died. Her children were grown, leading lives of their own.

She didn’t want to worry about mortgage payments, repairs or insurance. Her daughter told her about a “reverse mortgage.”

via Reverse mortgages are nightmare for some in Duval County, good deal for others.

November 23rd, 2014

Six must-do’s before buying a home

You might be ready to buy a home, but are you armed with the knowledge you need? Do you know about credit score requirements? Are you familiar with flexible standards on Federal Housing Administration loans? • Whether you are a first-time homebuyer or an experienced owner, buying a house requires a “preflight check,” says Barry Zigas, director of housing policy for the Consumer Federation of America. •

Here is a six-item checklist, including tips on two types of savings you need, plus advice about what’s more important than buying a house for its resale value.

via Six must-do’s before buying a home.

November 6th, 2014

The Hottest Home Amenity: In-Law Apartments

When a 7-acre property in Silicon Valley went on the market for $14.85 million, a busload of real-estate agents arrived for a tour. The draw? In addition to the resort-style pool and the putting green, the agents, who specialize in finding upscale properties for Asian buyers, wanted to see the two guesthouses—ideal spaces for aging parents and in-laws.

“I probably did $18 million worth of business with Asians in the last 12 months,” said Arthur Sharif, associate broker at Sotheby’s International Realty in San Francisco who is listing the estate in Woodside, Calif. “A huge, huge part of the conversation with these folks is the side house,” and how it can accommodate elderly relatives, he said.

via The Hottest Home Amenity: In-Law Apartments.

November 6th, 2014

7 Tips For Buying a Vacation Home

Many Americans contemplating a vacation home abandoned that dream when the housing market collapsed. But now that home values have climbed month after month, with the median price up about 20% since its bottom nearly three years ago, you may once again be toying with the idea of that lakefront, ski or beach getaway place. About 13% of homes purchased last year were intended as vacation homes, up from 11% in 2012, according to the National Association of Realtors.

Yet you shouldn’t let the fact that the market has stabilized drive your buying decisions. Instead follow these seven steps to take to make sure a vacation home is right for you, and won’t turn out to be an expensive headache.

via 7 Tips For Buying a Vacation Home | Money.com.

September 25th, 2014

How Iran sanctions nearly sank Phoenix woman’s condo deal

A Phoenix woman’s home purchase nearly was derailed after Wells Fargo froze her checking account and stopped her down payment from being delivered to an escrow account.

The reason for Wells Fargo’s actions last month? U.S. trade sanctions with Iran.

Neda Tavassoli, born and raised in the United States, is among dozens of Iranian-Americans whose finances have been frozen and whose accounts recently have been closed without warning or explanation by U.S. banks in response to federal rules prohibiting financial transactions with Iran.

“It has created a pervasive sense of discrimination. … We’ve seen countless cases where accounts are closed or restricted without advance warning,” said Tyler Cullis, a legal fellow and policy associate for the National Iranian-American Council. “The Treasury Department is asking banks to police regulations themselves.”

via How Iran sanctions nearly sank Phoenix woman’s condo deal.

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