News about properties and real estate
Bears Issue Warnings for Condos, Condo Hotels The Condominium Summit, co-presented this week in Fort Lauderdale, Fla., by Commercial Property News and Multi-Housing News, ended with a hearty debate over the future direction of the condo market. And when push came to shove, the condo hotel segment was hit with the greatest criticism. Hollowell criticized …
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Minimum home ownership time just 24 months to claim tax break DEAR BOB: I am confused about your recent answer to a home seller who wants to add her mother to the title. You said the mother would be eligible for an Internal Revenue Code 121 principal residence sale tax exemption up to $250,000 after …
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Using the family silver It’s hard to find lower loan rates than at the Bank of Mom & Dad. But beware the pitfalls. If the loan is sealed with a handshake rather than written documents, there’s a chance it might turn into a gift and create tensions among siblings. Loans improperly set up can cause …
Are Gainesville’s homes worth the asking price? A recent national market study reports that the Gainesville housing market is overvalued – that houses cost 23 percent more than they should. Real estate representatives, however, say homebuyers are getting a good deal, and the pace of listings and closings shows that. Using 20 years of statistics …
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To Sell a High-End Home, Let Them Sleep On It It took a sleepover to sell a $2.5 million house in Malibu, Calif., after it had been on the market for three months. The buyers “were able to experience the amazing light at different times of the day, the spectacular views and what it was …
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Wait-and-see attitude may be best on refinancing Question: My wife and I bought a second home two years ago. Because of its condition, it didn’t qualify for a conventional mortgage. We have a two-year balloon loan at 5.6 percent interest that comes due in April 2006. We will owe the entire principal in April unless …
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