News about properties and real estate
Key condo debtor case settled A woman has agreed to settle her bankruptcy case rather than wage a legal battle over whether appreciation in her condo should count against the homestead exemption in the new bankruptcy law. A Sunny Isles Beach woman — among the first to become entangled in tougher bankruptcy rules intended to …
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Family sells Sarasota County ‘oasis’ for $40 million One of the last remaining big chunks of agricultural land west of Interstate 75 has been bought up for a high-end development, and at what is likely a record land price. The 80 acres near Stickney Point Road, owned by one of the region’s founding families, is …
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Texas real estate market undervalued Housing experts say Texas is bucking a national trend in real estate. Investors are flocking here when sales are slow across the country. Nationally, sales of existing homes are expected to fall a little more than four percent this year, according to the National Association of Realtors. “In southern Travis …
Homes’ Tax Cap May Get Mobile | theledger.com Booming real estate market has officials taking a new look at a homestead break. What looked like a radical idea a year ago — to allow Florida homeowners to take part of their tax cap with them when they buy a new home — isn’t so radical …
He likes ‘ugly situations’ HUNDREDS of HomeVestors billboards across the United States proclaim, “We buy ugly houses.” But local franchisee Nick Cifaldi says the billboards should read: “We help homeowners in ugly situations.” “It’s not what people think,” says Cifaldi, who bought a franchise in HomeVestors of America 18 months ago. “It’s not like I’m …
Section 1031 deals have strict guidelines Question: When you sell a duplex where you live in one unit and the other unit is a rental, do you have to do a 1031 tax-deferred exchange or would part of the duplex be classified as a personal residence? Answer: The short answer is “yes.” Under tax law, …
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