News about properties and real estate
Funds planning to invest more than $6 billion to buy and rent foreclosed homes are finding it easy to raise money. The difficulty is spending it. The number of low-cost foreclosed homes coming to market has dropped, bulk sales have been slow to materialize and prices are recovering in markets such as Phoenix, making it …
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Scott Best turned his first home into a rental house after moving into something bigger. Now, he’s about to buy a house specifically as an investment for the first time. “The time is right, in my opinion anyway,” he said this week. “The property values are as low as they’ve been for a long time, and …
When his father died last summer, editor and tax preparer Danny Marcus found himself faced with an unexpected problem: figuring out what to do with his inheritance. Marcus, 60, was both thrilled and overwhelmed by the possibilities. Should he pay off the mortgage? Buy a condo in Florida? Save more for his retirement? And if …
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Flush with cash from an oil boom and plentiful jobs, North Dakotans are snapping up homes 1,500 miles away in balmy Arizona, where prices have plunged since the real estate bubble burst. “It boils down to the weather and taking advantage of the market,” says real estate agent Rocky Parra of HomeSmart Realty in Gilbert, …
Jeannette Boccini thought she had found a great renter, someone who would take extra good care of her townhouse. Then the nightmare began. The tenant repeatedly harassed the neighbors, complained that the wood chips in the community playground were toxic, and informed Ms. Boccini on Christmas morning that someone was playing Christmas carols too loudly. …
Q. Please let us know how one can identify a well-managed condominium association when considering purchasing a unit. Please share your top three or four questions to ask as well as tips to look for in the answers.— J.G. A. I would first sit down and compose a list of thing you want in your …
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