News about properties and real estate
A sign of recovery: bidding wars for houses [South Florida] After a recession-driven hibernation, competitive bidding for homes is back in Southwest Florida. But before anyone cracks open the bubbly, take note: The phenomenon — by far — remains the exception, not the rule. Still, experts take the news as a sign that the region’s …
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One seller ploy first-time buyers should avoid Here’s a tactic that was used on me as a first-time home buyer: The seller is asked to pay an amount into a fund, and told he can recoup that payment by raising his selling price, which would then be paid by an unsuspecting buyer. I didn’t understand …
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Miami-Dade property tax appeals flood in from condo associations With the deadline to appeal property taxes a week away, local appeals firms are hard at work, with many more cases coming from condo associations seeking appeals on behalf of unit owners. With condo values dropping steeply, many condo associations are filing class appeals on behalf …
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Should You Buy REITs? If you don’t already have a significant chunk of your net worth invested in rental property, it’s time to think about buying stock in real estate companies. But in our first Real Estate Stock Talk, Alexander Goldfarb, a seasoned stock analyst, and Peter Slatin, a veteran journalist and industry observer, suggest …
Downtown Miami enjoys mini-boom over cut-price condos [South Florida] In April, Regan Marock and his fiancée, renters at 500 Brickell, had the run of the sprawling twin-tower luxury complex — the pool, the gym, the spa and other amenities — with relatively few neighbors. But in a few short months, all that has changed. The …
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Why should board check out renter? I own a condominium that I rent. On the application for lease, it states that a background and credit check will be done at the owner’s expense. A board should not have the need for such a check, as the tenant pays the rent directly to me. What are …