Doughnuts, real estate and prayers When there’s a hot business opportunity or a smoking real estate deal in Southwest Florida, local bankers and brokers grab their BlackBerrys to speed-dial a short-list of hometown movers and shakers: the ones with the inclination, credibility and wherewithal to jump on a deal.
Season for bargains Cold months are a good time to get a deal on a house As the slower fall months arrived, however, the asking price of the Barbour Manor house fell more than $10,000 from the original $225,000. The Prices negotiated the cost down even further — and they had their house in September.
How long should you take to pay off your mortgage? This is another installment of a series on the decisions mortgage borrowers should make prior to entering the market. Previous articles were about selecting the best type of mortgage, and selecting among three options: paying points, waiving escrows, and accepting a prepayment penalty. This article […]
Harbor Beach home sale fetches $12 million: South Florida Sun-Sentinel A palatial home in the prestigious Harbor Beach neighborhood of Fort Lauderdale sold this past week for $12 million. The property, which was poised to be the new home of Miami Heat’s Shaquille O’Neal, was snatched up by biotech and pharmaceutical giant Myrtle Potter, when […]
Slowing home appreciation may help buyers When Jason and Laura Bennett bought their home two years ago, the housing market was among the hottest in the nation. Would-be buyers made offers as soon as “For Sale” signs went up, then bid even higher in the frenzy to close the deal. Less than two months after […]
More Return On Equity For Your Investment Property Dollar Few would deny that real estate is a solid investment. It provides an attractive combination of stability, reliable cash flow, preservation of principal and capital appreciation. However, many investment property owners nearing retirement find themselves in a quandary. They are equity rich, but cash poor, with […]