Home sale between family has benefits DEAR BOB: I am buying my first home in the next couple of months from my aunt and mother. They’re inheriting my grandmother’s home, but neither of them wants to keep it. What is the best way to go about this family purchase? –James M. DEAR JAMES: Your aunt …
Category Archives: Investment Tips
Port St. Lucie wrestles with high home prices [South Florida]
Port St. Lucie wrestles with high home prices [South Florida] With 80 percent of its vast acreage carved up into single-family building lots, Port St. Lucie has served as the affordable-housing mecca for cities from Broward to Indian River counties since it was twinkle in a developer’s eye 46 years ago. Most of those years, …
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Rent Now, Sell Later
Rent Now, Sell Later Local housing market stalled? Consider becoming a temporary landlord. The slump in home prices coupled with the plethora of For Sale signs add up to a double whammy for anyone who has to sell a home. Richard Rogers, an executive with Travelers Insurance, put his home in Overland Park, Kan., in …
Buyers Scarce, Many Condos Are for Rent
Buyers Scarce, Many Condos Are for Rent David Franco’s illuminated model of a proposed 10-story condominium tower dominates a sales center that, in spite of the “Now Selling” banner still fluttering outside, is conspicuously closed for business. “We could have waited it out and kept pushing and pushing,” Mr. Franco said about the decision to …
How about a college education with your new condo?
How about a college education with your new condo? A slow market has developers offering everything from shopping sprees to new cars to vacations. When Karen Nisius was considering buying a new two-bedroom condominium at Toscano in Kendall, one of the deciding factors was a $5,000 shopping spree offered by the developer, Fairfield Residential. ”I …
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What’s Become Of The Condo Conversion?
What’s Become Of The Condo Conversion? Two years ago one of the easiest ways to make big money in America was to convert apartments into condominiums. The housing slowdown has taken a toll, pruning profits and thinning out herds of condo buyers so much that many converted properties are reverting to apartments. But conversions still …