News about properties and real estate
For some investors, real estate may have lost its rosy glow Will investors continue to purchase residential real estate at a record pace, or will they return to the stock market, where analysts believe moderate gains are on the horizon? If there is a wild card in the nation’s housing this year, it’s the investor …
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What Condo Purchasers Want: Fine Art? “It needed more culture and authenticity if we expected to sell 450 units at prices ranging from $550,000 to $4.5 million,” said Tom Harrison, a Colony Capital principal. So Harrison did what some other apartment and condo developers are doing to woo sophisticated city dwellers: He created a sizable …
Report: Commissioner didn’t get special deal on land (Miami) An investigation has concluded that Miami-Dade Commission Chairman Joe Martinez did not underpay when he purchased a vacant lot from one of the county’s biggest developers in 2004. An inspector general’s report concludes that Miami-Dade Commission Chairman Joe Martinez received no special privileges and ”did not …
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Part 2: Minimizing home-sale taxes Home sellers benefit from adjusted cost basis: The starting point for avoiding long-term capital gains tax on the profitable sale of your personal residence and investment real estate is its adjusted cost basis. This number is needed because it must be subtracted from the property seller’s “adjusted sales price” to …
Developers will be allowed to build condos (miami) The Aventura Commission will allow the developers of Lincoln Pointe Condominiums to construct a building with 460 units. Despite an advertising glitch that forced the Aventura City Commission to push the meeting back a day, it agreed to exempt the developers of Lincoln Pointe Condominiums from the …
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New Web database lists values of homes Could Web site do real estate agents’ job? After months of intense speculation within the real-estate industry, supersecretive Zillow.com announced Wednesday it was rolling out a Web feature that eventually will allow anyone nearly anywhere in the nation to accurately calculate the worth of their home or almost …