News about properties and real estate
Report: McAllen-area homes undervalued [Texas] Eric Rodriguez and his fiancée, Julia Raney, weren’t looking for quite the home they got when they started looking for a trade-up from their apartment two years after they graduated law school. What they got for just more than $155,000 was a 2,400-square-foot, newly remodeled home off Harvey Avenue and …
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Delays at Eden condos in Boca spur suit More than two years after Sherri and Neil Eisner signed a contract to pay $475,000 for a Boca Raton condo, their unit still isn’t finished. The frustrated couple asked the developer, Ceebraid-Signal of West Palm Beach, for their 10 percent deposit back. The developer refused, so the …
Homeowners play double jeopardy A soft real estate market is leaving some buyers with one house too many Jan Pelligrini had been searching for her dream home for the better part of two years when she finally found it nestled on a hill in Gloucester. “When I drove by the house, I thought, `My agent …
Elderly couple debates paying off $100,000 mortgage Should money be used for emergency or low-rate loan? DEAR BOB: We have learned so much about real estate over many years from your articles. But now we need your advice. I am 72. My wife is 65. We have $160,000 in three-month T-bills. Should we use that …
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Bids on the block In a shifting market, property auctions are catching on with owners who want a quick sale and buyers hoping to find a bargain: Shades of EBay. Fanned by EBay flames, it was bound to happen. As buyers have regained an upper hand and sellers have started to sweat, real estate auctions …
Condo market slowing, but buildings still growing [South Florida] During the go-go summer of 2005, Atlanta investor Martin Kirby was scoring profits as high as $150,000 a unit by selling used condominiums on the beach. This year, he counts himself lucky to clear $35,000 per deal.