News about properties and real estate
Great payout wasn’t sale motive [South Florida] Looking back, it was a heck of a land deal. Seven investors, five of whom were Bradenton High School chums from the late 1940s, bought 60 acres along a scenic stretch of the Braden River in 1978 for $350,000, about $1.2 million in current dollars. There, in the …
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Real Estate Investors May Resort to Prayer As the president of Silverstein Properties, Larry Silverstein, recently remarked on my television show: “The capital markets’ dislocation in real estate is the worst I have seen in my 55 years in real estate.” The dislocation of those markets has had a critical effect on the sales of …
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Real estate: Just the right price If you’re getting ready to sell your home and thinking of asking a little more than $200,000, you might want to think again. “I would definitely drop it to $199,999,” said Bree Fary, an agent for Keller Williams Realty of Brevard in Melbourne. If there’s a bright spot in …
Is Save Our Homes Portability Selling Houses? [Tampa Bay Area] Raymond McIntyre’s office generated an interesting set of numbers this week: 222 people have moved to Highlands County, and brought their Save Our Homes tax exemptions with them. Just 75 homeowners left the county, and applied to transfer their Save Our Homes elsewhere in Florida. …
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Renaissance condo to assess owners Water intrusion has led to many lawsuits and a hefty assessment Now, after a series of negotiations failed to produce a settlement, and with a trial date set but still a year away, the association is taking a different tack. It has voted to fix the leaks itself by hiring …
Banks auction homes at fire-sale prices [South Florida] Another sign of desperation in the South Florida housing market: banks tired of paying taxes and upkeep on foreclosed homes put 200 up for auction Saturday in Fort Lauderdale. Ranging from the most modest one-bedroom efficiency condos to five-bedroom houses worth close to a million dollars at …
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