News about properties and real estate
Joe Adams: Pooled reserves ensure there’s cash when needed Q: Our board of directors has been talking about switching over to “pooled” reserves. Can you explain what this means? L.A. (via e-mail) Advertisement A: The concept of funding condominium reserves through the “pooling” method, sometimes also known as the “cash flow” method, came into vogue …
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New rules raise the bar for condo mortgages in Florida Lending giant Fannie Mae is slapping tough new requirements on mortgages for Florida condos, moves that analysts believe will make it even more difficult to sell units in buildings already starved for residents and struggling financially. The standards, which took effect last week and apply …
Future retirees buying homes in Southwest Florida now to enjoy later Flexible work schedules and the lowest home prices in years are attracting a new type of buyer to Southwest Florida — future retirees. These buyers are planning ahead for retirement, purchasing now to enjoy later. In the meantime, many are testing the Florida waters, …
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Where are the hidden values? [South Florida] While Florida as a whole has taken the heat (no pun intended!) for being one of the hardest hit real estate markets, there are still segments of the market and certain neighborhoods that have held their values more than others and where investing now makes sense, since these …
Rent-to-own home leases becoming more popular In South Florida’s depressed housing market, some people are taking a wait-and-see approach by renting with an option to buy later. Leasing is still more common with cars, but the concept is spreading. Sellers are willing because they’re struggling to unload their properties, and a rent-to-own contract brings in …
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Cheaper homes in subdivision anger residents The for-sale signs at the entrance to Hays Farm offer the first clues that not all went as planned at the subdivision alongside Kennesaw Mountain National Battlefield Park. The older, more weathered sign reads, “new homes … high $500s.” The newer, shinier sign reads, “distinctive homes … from the …
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