News about properties and real estate
Mamie Rose wanted her last years to be simple. She was already in her 80s. She bought her Northside home 40 years earlier. Her husband had died. Her children were grown, leading lives of their own. She didn’t want to worry about mortgage payments, repairs or insurance. Her daughter told her about a “reverse mortgage.” …
Continue reading “Reverse mortgages are nightmare for some in Duval County, good deal for others”
You might be ready to buy a home, but are you armed with the knowledge you need? Do you know about credit score requirements? Are you familiar with flexible standards on Federal Housing Administration loans? • Whether you are a first-time homebuyer or an experienced owner, buying a house requires a “preflight check,” says Barry …
When a 7-acre property in Silicon Valley went on the market for $14.85 million, a busload of real-estate agents arrived for a tour. The draw? In addition to the resort-style pool and the putting green, the agents, who specialize in finding upscale properties for Asian buyers, wanted to see the two guesthouses—ideal spaces for aging …
Continue reading “The Hottest Home Amenity: In-Law Apartments”
Many Americans contemplating a vacation home abandoned that dream when the housing market collapsed. But now that home values have climbed month after month, with the median price up about 20% since its bottom nearly three years ago, you may once again be toying with the idea of that lakefront, ski or beach getaway place. …
The buyer who purchased Dwight Howard’s estate in Seminole County last month wasn’t the Orlando market’s only luxury seeker to come with cash in hand. The NBA star had three cash offers on his lakefront mansion, which sold last month for $3.4 million — $1.5 million less than the asking price. Of the 20 Metro …
Continue reading “Most Orlando luxury home transactions are cash sales”
Orlando landlord Brian Lunsford needed $40,000 to renovate a house that a college student almost burned down, so he turned to an online crowdfunding site.Within two days, more than a dozen investors had each agreed to loan him an average of $2,800 for up to 13 months. Crowdfunding is just one new financing option that …
Continue reading “Landlords, house flippers find new sources of cash to buy houses”