For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house. Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other …
Category Archives: General
Tax Report: Rules for Renting Out Your Vacation Home
Summer is here, and so is this year’s crop of summer rentals. In some areas, the market for vacation properties is even perking up after a string of down years. If you are a vacation-home landlord or thinking of becoming one, it is time to review the tax rules on rental income from second homes. …
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Young homeowner takes condo from cookie-cutter to cool
Caroline Cornelius, a young schoolteacher, could barely afford the builder’s model villa condominium she bought in Sarasota in 2003. Upgrades were not an option.But from the start she had major ambitions for her two-bedroom, two-bath home in the Villa Rosa subdivision. And so she made a list, saved her money and spent free time working …
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3 Things Insiders Ask When Getting a Mortgage
There’s great news for that most elusive of consumers — the house hunter with a golden credit rating and cash in the bank to buy a new home. Home prices remain low, as supply exceeds demand across the U.S. In addition, the National Association of Realtors reports that pending U.S. home prices declined on a …
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Can your board inspect your condo or home?
Prior to selling or renting your condominium or home, can board members demand to inspect your home inside and out to make sure your property is not in violation of community rules? Can an association demand its own down payment from a potential renter or buyer? These are questions from Sun Sentinel readers. And we …
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Former downtown property owners want cash: Lau family due $700K in failed condo deal
The former owners of a key Pacific Avenue parcel leveled by the Loma Prieta earthquake have threatened to re-open a six-year-old lawsuit involving the city if they don’t receive money or property outlined in a condemnation settlement that has cost developers more than $2 million. The demand from the Lau family for $700,000 or two …