News about properties and real estate
A starting point with high-net-worth clients — especially those exploring real estate investments — is to emphasize that irrevocable trusts are an essential part of estate planning. This is not affected by the recent discussion of the possible elimination of all federal estate taxes. Even if irrevocable trusts are no longer created for tax reasons, …
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Question: I have a question regarding estoppel letters. Recently, a prospective buyer of a unit in our condominium requested a letter from the association certifying whether there were any delinquent assessments owed by the owner. The owner had recently given us a check for all unpaid amounts, and so we prepared an estoppel letter certifying …
Continue reading “Estoppel letter is binding on association, even when incorrect”
A Tampa company that got its start in the arcane business of bidding on tax deeds is embarking on its first condo project — two buildings in downtown St. Petersburg with a total of up to 78 units. The condos will replace several old houses at Third Avenue S and Fifth Street in an area …
Continue reading “Tampa company EquiAlt to build its first condos in downtown St. Petersburg”
The overall cost of buying a home in South Florida continues to climb, according to a report released Thursday reflecting sales prices in the first quarter of 2017. But prices vary significantly by neighborhood.In mainland Miami-Dade, the median sales price for all condos and single-family homes rose 12.5 percent over the first quarter in 2016. …
Mornings at the Dickens House revolve around a large, tiger oak table. Guests at the St. Petersburg bed and breakfast plop down around it each morning to nibble on fresh fruit and pastries before innkeeper Ed Caldwell sets down a plate of egg-white frittata or blueberry pancakes. He had the table custom made for the …
Continue reading “Bed-and-breakfast owners closing their doors blame Airbnb, local government”
After spending seven years renting in Cornwall, CT with her family, an editor at The Paris Review jumped at the chance to own this house when it came on the market. “You could feel what an extraordinary time the family who lived there before had in the home,” says the current owner. “Every drawer was …
Continue reading “12 Design Tips from an Eclectic Country House You Can Use in Your Own”