Season for bargains Cold months are a good time to get a deal on a house As the slower fall months arrived, however, the asking price of the Barbour Manor house fell more than $10,000 from the original $225,000. The Prices negotiated the cost down even further — and they had their house in September.
How long should you take to pay off your mortgage? This is another installment of a series on the decisions mortgage borrowers should make prior to entering the market. Previous articles were about selecting the best type of mortgage, and selecting among three options: paying points, waiving escrows, and accepting a prepayment penalty. This article […]
Harbor Beach home sale fetches $12 million: South Florida Sun-Sentinel A palatial home in the prestigious Harbor Beach neighborhood of Fort Lauderdale sold this past week for $12 million. The property, which was poised to be the new home of Miami Heat’s Shaquille O’Neal, was snatched up by biotech and pharmaceutical giant Myrtle Potter, when […]
Slowing home appreciation may help buyers When Jason and Laura Bennett bought their home two years ago, the housing market was among the hottest in the nation. Would-be buyers made offers as soon as “For Sale” signs went up, then bid even higher in the frenzy to close the deal. Less than two months after […]
Abandoned lot auction planned The sale of more than 2,000 abandoned lots in North Port is scheduled to begin Jan. 19. Doug Dennison, assistant vice president of Fisher Auctions, has toured some of the available lots in North Port, and he knows that not all of them are in pristine condition.
More Return On Equity For Your Investment Property Dollar Few would deny that real estate is a solid investment. It provides an attractive combination of stability, reliable cash flow, preservation of principal and capital appreciation. However, many investment property owners nearing retirement find themselves in a quandary. They are equity rich, but cash poor, with […]