News about properties and real estate
Warning: Flipping property isn’t as easy as it looks You come home from a long day at work and, while channel surfing, you come across a show in which guys are buying run-down houses, fixing them up and reselling them for huge profits before the first mortgage payment is due. Wow. What’s more, they claim …
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Baiting a hook for condo buyers [South Florida] In South Florida’s slowing real estate market, single-family home sellers aren’t the only ones getting nervous. Developers of new condominiums are antsy and trying to come up with creative ways to distinguish themselves from the competition. Free closing costs, purchase price discounts and appliance upgrades are just …
Ownership dreams take a bitter turn Buyers sue over sales methods they say led to inflated prices and high foreclosure rates The white double-wide with blue shutters in Emerson Estates, sitting on nearly a quarter of an acre of land, seemed a quiet spot in the country. The three-bedroom, two-bath, 1,344-square-foot home also meant their …
Shifting home market gives buyers an edge [South Florida] As he looks for a home to buy, Juan Saiz is finding owners eager to negotiate. Take an owner of a 1,400-square-foot pool home just west of Coral Gables. The owner had already dropped the asking price by $62,000, asking $588,000 for his remodeled home. But …
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House ‘flippers’ work with no net Eddie King no longer has the moves that earned him a spot as a fullback for USC in the mid-1960s. But his ability to spot an opening and capitalize on it has earned him millions in another favorite Southern California sport — home flipping. Over the last 30 years, …
Jupiter mobile home park sold for $4.45 million [South Florida] The park sits on 2.5 acres of waterfront real estate A 52-year mobile home park on 2.5 waterfront acres has been sold for $4.45 million dollars, and the seller, whose family has owned the property since 1970, says it was sold as a mobile home …
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